The cryptocurrency market has witnessed a significant rise in the number of hardware wallets in recent years. Each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest competitor in the field, and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for secure security for digital asset storage becomes more important. The Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing them from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund research and development for their products. The company’s website as well as online reviews state the hardware wallet as 100% secure, however, it’s important to remember that hardware wallets of rival firms like TREZOR as well as Ledger are made in a way that no outside attacker can access your private keys. For example, even if it is possible to connect your TREZOR with a compromised system which is infected by viruses your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes via an image camera at the rear of the. This makes it a highly safe option since it blocks the possibility of hackers getting gain access to private information via an internet connection. However, it’s important to remember that this means the Ellipal wallet is not as user-friendly like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, meaning that it’s not battle-tested yet. This is something potential buyers must be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR and Ledger) have been on the market for longer and have a established track records of security.
In terms of support for coin, the Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to add more support for coins in the near future.
In the end it is clear that the Ellipal wallet has been a brand new player in the market for hardware wallets that claims to be 100% safe due to its total separation from any computer or network. Ellipal is a company that’s new and the product has not been battle-tested yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal wallet is worth the price is up to the person who buys it. It’s an extremely secure choice with an innovative design, however, it’s not as easy for use like other hardware wallets. Additionally, it’s a relatively new product that’s available.