The world of cryptocurrency has seen an significant increase in the amount of hardware wallets on the market in recent years. Each promises to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes increasingly important. The Ellipal wallet is a tool that stores the private key to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. It raised $55K through the course of an Indiegogo campaign to fund the development of their product. The company’s website and online reviews claim the hardware wallet as 100% secure, but it’s 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 access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised system that has been infected with viruses, your private keys will remain secure and safe.
The Ellipal wallet is unique in its design. It is completely unconnected to any network or computer that is, it doesn’t have wireless or wired connections. Instead, it communicates via QR codes through cameras on its rear end. This makes it an extremely secure option as it eliminates the possibility of hackers having gain access to private information via the network. 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 easy transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something potential buyers should be aware of when purchasing the Ellipal wallet. In comparison, both leading hardware wallet makers today (TREZOR as well as Ledger) are in business for longer and have proven track record of security.
Regarding support for coins, the Ellipal wallet is currently able to support a limited number of coins, including 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 may be a concern for some buyers. However, the company is working to provide the support of more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh player on the market of hardware wallets, 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 tested in battle yet. The Ellipal wallet is currently compatible with a limited number of coins and its price of $149 is on par with the other options. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets prior to making a decision. The final decision about whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other hardware wallets, and it’s an all-new product on the market.