The world of cryptocurrency has witnessed a significant increase in the number of hardware wallets in recent years, all promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency is becoming more widespread, the need for secure security for digital asset storage is becoming increasingly important. It is the Ellipal wallet is a gadget which keeps the private keys to digital assets indefinitely, preventing hackers from stealing the keys from a remote location.
Ellipal the company that developed the hardware wallet is a relatively new company on the market. The company raised $55K via the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews claim the hardware wallet as completely secure, however, it’s important to remember that hardware wallets from rival businesses such as TREZOR and Ledger are made 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 on a compromised computer that is infected with viruses your private keys will remain safe and secure.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely unconnected to any computer or network, meaning it has no wireless or wired connections. Instead, it communicates via QR codes via a camera on the rear end. This makes it a very safe option since it blocks the possibility of hackers having gain access to private information via a network connection. It’s important to note that this could mean that the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it’s not battle-tested yet. This is something prospective buyers should keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are in business for longer and have an established track record of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet is currently able to support a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some users. But, the company is working to provide support for more coins in the near future.
In the end it is clear that it is clear that the Ellipal wallet is a brand new player on the hardware wallet market, promising that it is 100% secure due to its complete isolation from any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports a limited number of coins and the price of $149 is on par with other wallets. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallet options before making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the price is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as user-friendly to use as other wallets. Additionally, it’s a relatively new product available on the market.