The world of cryptocurrency has witnessed an significant increase in the amount of hardware wallets available on the market in recent years. Each promises that digital assets will be safe and secure. The Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency grows more commonplace it is becoming more important to secure the storage and protection of assets becomes increasingly essential. It is the Ellipal wallet is a device that stores the private key to digital assets indefinitely, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the hardware wallet, is a relatively new player in the market. It raised $55K through an Indiegogo campaign to fund its development. The company’s website and online reviews state the hardware wallet as completely safe, however it is important to remember that hardware wallets of rival companies like TREZOR and Ledger are also designed in a way that no attacker from outside is able to view your private key. In the event that, for instance, you connect your TREZOR with a compromised system that is infected with viruses your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of a hacker having 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, which can be connected to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is relatively new to the market, which means that it’s not tested in battle yet. This is something potential buyers need to be aware of when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for a longer time and have a established track records of security.
Regarding support for coins in terms of coin support, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to add more support for coins in the future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new player on the market of hardware wallets and promises to be 100% safe due to its total inaccessibility to any network or computer. The company behind it is relatively new, and the product hasn’t been tested in battle yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with other wallets. Although the idea of a fully isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the price is up to the person who buys it. It’s a safe option with an innovative design, however, it’s not as easy to use as other wallets, and it’s an extremely new product on the market.