The world of cryptocurrency has witnessed a significant increase in the number of wallets that are hardware on the market in recent years. Each promising to keep digital assets secure and safe. The Ellipal wallet is a new entry into the market and hopes to differentiate from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes more important. Ellipal wallet Ellipal wallet is a tool that keeps the private key to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. The company raised $55K via an Indiegogo campaign to help fund its development. The company’s website as well as reviews online claim that their hardware wallet is 100% secure, but it’s important to note that the hardware wallets of competing companies like TREZOR and Ledger are also designed in a way that no one outside can see your private keys. For example, even if it is possible to connect your TREZOR to a compromised computer which is infected by viruses Your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it communicates through QR codes through cameras on its rear of the. This makes it a very safe option since it blocks the possibility of hackers gaining gain access to private information by a network connection. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, which means that it’s not battle-tested yet. This is something that potential buyers need to be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have established track records of security.
In terms of coin support In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to provide support for more coins in the future.
In the end it is clear that the Ellipal wallet has been a new player in the hardware wallet market that claims to be completely safe due to its total isolation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with only a few coins and its price of $149 is in line with the other options. While the idea of a fully isolated hardware wallet is intriguing however, you should consider the security and track record measures of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s a safe option with a unique design however, it’s not as easy for use like other wallets, and it’s an all-new product on the market.