The cryptocurrency market has witnessed a significant rise in the number of wallets that are hardware on the market in recent years. Each promising that digital assets will be safe and secure. The Ellipal wallet is a new entry into the market and aims to stand out from its competitors by offering an entirely separate solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe security for digital asset storage becomes increasingly crucial. It is the Ellipal digital wallet gadget which keeps the private keys to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. They raised $55K in an Indiegogo campaign to help fund its development. The company’s website as well as online reviews claim the hardware wallet as completely secure, however, it’s important to keep in mind that hardware wallets of competing companies like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For example, even if it is possible to connect your TREZOR with a compromised computer that has been infected with viruses, your private keys remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive 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 via cameras on its rear of the. This makes it a very safe option since it blocks the possibility of a hacker getting gain access to private information through the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something that potential buyers must take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have a proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add more support for coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a brand new player on the market for hardware wallets and promises to be 100% safe due to its total separation from any network or computer. Ellipal is a company that’s new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins and the price at $149 is comparable with the other options. Although the concept of a totally exclusive hardware wallet is appealing, it’s important to consider the track record and security measures of other hardware wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the individual. It’s an extremely secure choice with a unique design but it’s not as convenient to use as other hardware wallets, and it’s an all-new product that’s available.