The world of cryptocurrency has witnessed an significant rise in the number of wallets that are hardware on the market in recent years. Each claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and hopes to differentiate from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets becomes more crucial. Ellipal wallet Ellipal wallet can be described as a gadget that keeps the private key to digital assets indefinitely, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the hardware wallet is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to fund the development of their product. The company’s website as well as online reviews claim they are 100% safe, however it is important to note that the hardware wallets of competing companies such as TREZOR and Ledger are also designed in a way that no one outside can see your private keys. For instance, even if you connect your TREZOR to a compromised device that is infected with viruses Your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network which means it does not have wireless or wired connectivity. Instead, it transmits QR codes via an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker having gain access to private information by a network connection. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively recent to market which implies that it isn’t tested in battle yet. This is something prospective buyers need to be aware of when purchasing this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for a longer time and have a an established track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. However, the company is working to provide the support of more coins in the future.
In the end, it is clear that the Ellipal wallet has been a brand new player on the market for hardware wallets, promising to be 100% safe due to its total separation from any network or computer. The company behind it is relatively new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins, and its price tag at $149 is comparable with its competitors. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security measures of other wallets prior to making a choice. Ultimately, the decision of whether the Ellipal device is well worth the cost is up to the individual. It’s a very secure option that has a modern design however, it’s not as easy in use as the other wallets. Additionally, it’s a relatively new product that’s available.