The world of cryptocurrency has seen an significant rise in the number of hardware wallets available on the market in recent years, all claims to keep digital assets secure and safe. The Ellipal wallet is a brand new competitor in the field, and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace and more commonplace, the need for secure the storage and protection of assets becomes increasingly crucial. It is the Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely and prevents hackers from taking the keys from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews claim the hardware wallet as completely secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no one outside can view your private key. For example, even if it is possible to connect your TREZOR on a compromised device that is infected with viruses Your private keys will remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely disconnected from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes through a camera on the rear of the. This makes it a very safe option since it blocks the possibility of a hacker having gain access to private information by the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet costs $149 and is relatively recent to market which means that it’s not tested in battle yet. This is something that potential buyers should be aware of when buying the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR and Ledger) are around for a longer time and have a proven track record of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to provide the support of more coins in the future.
In the end, it is clear that the Ellipal wallet is a new player in the hardware wallet market, promising to be 100% secure due to its complete inaccessibility to any network or computer. The company behind it is relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is in line with the other options. Although the concept of a fully separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallets prior to making a choice. In the end, the decision on whether or not the Ellipal device is well worth the cost is entirely up to the user. It’s a very secure option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets. Additionally, it’s an extremely new product on the market.