The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, all promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes increasingly crucial. It is the Ellipal wallet is a device that stores the private key to digital assets off-line, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new player in the market. It raised $55K through 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 completely secure, however, it’s important to note that the hardware wallets of 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 you connect your TREZOR with a compromised device that has been infected with viruses, your private keys will remain protected and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes using a camera on the rear end. This makes it an extremely secure choice as it removes the possibility of a hacker gaining an access point to your private keys through a network connection. It’s important to note that this means the Ellipal wallet isn’t as convenient to use as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it isn’t battle-tested yet. This is something prospective buyers should be aware of when purchasing Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for longer and have established track records of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. The company is currently working on adding the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal device is an fresh competitor in the market of hardware wallets and promises that it is 100% safe due to its total separation from any network or computer. Ellipal is a company that’s relatively new and the product has not been tested in battle yet. The Ellipal wallet currently supports only a few coins and the price of $149 is in line with the other options. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the track record and security features of other hardware wallets prior to making a choice. The final decision about whether or not the Ellipal wallet is worth the cost is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an extremely new product on the market.