The cryptocurrency market has seen a significant increase in the number of hardware wallets available on the market in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for secure the storage and protection of assets becomes more important. It is the Ellipal wallet is a tool which keeps the private keys to digital assets offline, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively young player in the market. It raised $55K through an Indiegogo campaign to fund research and development for their products. The company’s website and online reviews claim the hardware wallet as completely secure, but it’s important to note that the hardware wallets of competing firms like TREZOR as well as Ledger are made in a way that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR to a compromised device that has been infected with viruses, your private keys remain secure and safe.
Its Ellipal wallet is unique in its design, it is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it transmits QR codes using a camera on the back of the. This makes it an extremely safe option since it blocks the possibility of a hacker gaining an access point to your private keys via a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, meaning that it isn’t combat-tested to date. This is something prospective buyers should keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been around for longer and have a proven track record of security.
Regarding support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is currently working on adding support for more coins in the near future.
In the end, it is clear that the Ellipal wallet is a new player in the hardware wallet market and promises to be 100% secure due to its complete separation from any network or computer. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins, and its price tag of $149 is on par with the other options. While the idea of a completely isolated hardware wallet is intriguing but it’s crucial to look at the track record and security measures of other wallet options before making a decision. In the end, the decision on whether the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice that has a modern design however, it’s not as easy to use as other wallets, and it’s a relatively new product that’s available.