The cryptocurrency market has witnessed a significant increase in the number of hardware wallets available in recent years, all promising that digital assets will be secure and safe. Its Ellipal wallet is a brand new competitor in the field, and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As cryptocurrency usage is becoming more widespread, the need for secure storage of digital assets is becoming increasingly essential. It is the Ellipal wallet can be described as a tool that keeps the private key to digital assets offline and prevents hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. They raised $55K in the course of an Indiegogo campaign to help fund the development of their product. The company’s website as well as reviews online claim they are 100% secure, but it’s important to remember that hardware wallets from rival businesses like TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For instance, even if you connect your TREZOR with a compromised computer which is infected by viruses your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design. It is completely isolated from any network or computer, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its back of the. This makes it a highly safe option since it blocks the possibility of a hacker getting access to the private key through the network. However, it’s worth noting that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which means that it’s not combat-tested to date. This is something prospective buyers must keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been around for longer and have an established 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 less than the coins that are supported by its rivals, TREZOR and Ledger, which could be a problem for some users. But, the company is working to add more support for coins in the future.
In conclusion In conclusion, the Ellipal device is an new player on the market of hardware wallets and promises to be 100% safe due to its total separation from any network or computer. Its creators are new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with the other options. Although the idea of a fully exclusive hardware wallet is appealing, it’s important to consider the history and security measures of other wallet options before making a decision. The final decision about whether or not the Ellipal wallet is worth the price is up to the individual. It’s a safe option with a unique design however, it’s not as easy in use as the other hardware wallets, and it’s a relatively new product available on the market.