The world of cryptocurrency has witnessed a significant rise in the number of hardware wallets on the market in recent years. Each promising to keep digital assets secure and safe. Its Ellipal wallet is a brand new entry into the market and hopes to differentiate from the crowd by providing a completely isolated solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe security for digital asset storage is becoming increasingly crucial. It is the Ellipal digital wallet gadget 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 component is a relatively young player in the market. The company raised $55K via the course of an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews claim they are 100% secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR and Ledger are made in a way that no one outside can see your private keys. For example, even if you 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 unique in its design. It is completely isolated from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the rear end. This makes it a highly secure choice as it removes the possibility of hackers getting access to the private key by the network. It’s important to note that this means the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly recent to market which implies that it’s not tested in battle yet. This is something that potential buyers must be aware of when purchasing this Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) are on the market for longer and have a proven track record of security.
Regarding support for coins In terms of support for coins, the Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. The company is working to provide more support for coins in the near future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a brand new player in the market of hardware wallets and promises to be completely safe due to its total isolation from any network or computer. Ellipal is a company that’s new, and the product has not been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with the other options. While the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallet options before making a choice. The final decision about whether the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option with a unique design however, it’s not as user-friendly for use like other hardware wallets. Additionally, it’s a relatively new product available on the market.