The world of cryptocurrency has seen an significant rise in the number of wallets that are hardware on the market in recent years, all promises that digital assets will be safe and secure. The Ellipal wallet is a new entry into the market and hopes to differentiate from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for safe security for digital asset storage becomes more important. Ellipal wallet Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to finance research and development for their products. The company’s website and online reviews claim the hardware wallet as 100% safe, however it is important to note that the hardware wallets of rival firms such as TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised device which is infected by viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. 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 via an image camera at the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker gaining gain access to private information through a network connection. It’s important to note that this could mean that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based that can be linked to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it isn’t battle-tested yet. This is something prospective buyers should be aware of when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) are on the market for longer and have established track records of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. But, the company is currently working on adding the support of more coins in the future.
In the end, the Ellipal wallet has been a fresh player on the market of hardware wallets that claims to be completely secure due to its complete isolation from any computer or network. Its creators are new, and the product has not been battle-tested yet. The Ellipal wallet supports the use of a small number of coins and its price of $149 is on par with the other options. Although the idea 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 safe option with an innovative design, however, it’s not as user-friendly to use as other hardware wallets, and it’s an all-new product that’s available.