The cryptocurrency market has seen an significant rise in the number of wallets that are hardware in recent years. Each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new competitor in the field, and hopes to differentiate from its rivals by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for safe security for digital asset storage becomes more crucial. The Ellipal wallet is a device which keeps the private keys to digital assets off-line to prevent hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young player in the market. The company raised $55K via an Indiegogo campaign to help fund research and development for their products. The company’s website as well as online reviews state that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised computer that has been infected with viruses, your private keys are still safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates via QR codes through cameras on its rear of the. This makes it a very secure option as it eliminates the possibility of a hacker getting gain access to private information by an internet connection. It’s important to note that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it’s not battle-tested yet. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been on the market for a longer time and have a proven track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to add the support of more coins in the future.
In the end it is clear that the Ellipal device is an fresh player on the market of hardware wallets, promising that it is 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 as of yet. The Ellipal wallet currently supports the use of a small number of coins and the price of $149 is in line with its competitors. Although the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallets before making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is up to the individual. It’s a safe option with a unique design but it’s not as convenient to use as other wallets. Additionally, it’s a relatively new product on the market.