The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, each claims that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from its competitors by offering 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 essential. The Ellipal digital wallet gadget that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the wallet’s hardware component, is a relatively new company on the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The company’s website as well as online reviews state the hardware wallet as 100% secure, however, it’s important to keep in mind that hardware wallets of rival companies like TREZOR as well as Ledger are also designed in a way that no one outside can access your private keys. In the event that, for instance, it is possible to connect your TREZOR with a compromised computer that has been infected with viruses Your private keys will remain protected and safe.
The Ellipal wallet is unique in its design. It is completely isolated from any computer or network that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes via a camera on the rear end. This makes it a highly secure option as it eliminates the possibility of hackers having an access point to your private keys via an internet connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as user-friendly as other hardware wallets, which can be connected to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it has not been tested in battle yet. This is something that potential buyers should take into consideration when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for a longer time and have a proven track record of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some customers. However, the company is working to add more support for coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal wallet has been a new player in the hardware wallet market that claims that it is 100% secure because of its complete separation from any network or computer. The company behind it is 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 at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the track record and security measures of other hardware wallets prior to making a choice. The final decision about whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with an innovative design, however, it’s not as user-friendly to use as other wallets. Additionally, it’s an extremely new product that’s available.