The world of cryptocurrency has witnessed an significant rise in the number of hardware wallets available on the market in recent years, all promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and hopes to differentiate from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe storage of digital assets is becoming increasingly essential. The Ellipal wallet is a gadget that keeps the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website as well as online reviews state they are completely secure, but it’s important to note that the hardware wallets of rival companies like TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. For instance, even if it is possible to connect your TREZOR with a compromised computer that has been infected with viruses your private keys are still protected and safe.
Its Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connections. Instead, it communicates through QR codes using cameras on its back of the. This makes it an extremely safe option since it blocks the possibility of hackers having gain access to private information through an internet connection. However, it’s worth noting 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 is priced at $149. It is fairly brand new in the marketplace, which means that it isn’t battle-tested yet. This is something that potential buyers must keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) are around for a longer time and have a established track records of security.
In terms of support for coin in terms of coin support, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. The company is currently working on adding more support for coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an brand new player in the market of hardware wallets and promises to be 100% secure because of its complete isolation from any network or computer. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and its price of $149 is on par with the other options. Although the idea of a completely separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallet options before making a decision. In the end, the decision on whether or not the Ellipal device is well worth the cost is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as user-friendly in use as the other hardware wallets, and it’s a relatively new product on the market.