The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, each promises to keep digital assets secure and safe. 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 becomes more mainstream, the need for safe security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal wallet is a device that keeps the private key to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to fund its development. The company’s website and online reviews state they are 100% secure, however, it’s important to keep in mind that hardware wallets of competing businesses such as TREZOR and Ledger are constructed in a manner that no one outside can access your private keys. In the event that, for instance, the TREZOR is connected TREZOR on a compromised device that is infected with viruses, your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design. It is completely isolated from any network or computer, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes through cameras on its rear end. This makes it an extremely secure choice as it removes the possibility of hackers having an access point to your private keys through a network connection. It’s important to note that this could mean that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly brand new in the marketplace, meaning that it has not been combat-tested to date. This is something prospective buyers should be aware of when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were on the market for longer and have a established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin and ERC20 tokens. It is lower than the number of coins that are supported by its rivals, 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 the end, it is clear that the Ellipal wallet has been a new player in the market of hardware wallets, promising to be 100% secure due to its complete inaccessibility to any network or computer. Ellipal is a company that’s relatively new, and the product hasn’t been battle-tested yet. The Ellipal wallet supports a limited number of coins and the price at $149 is comparable with the other options. While the idea of a fully exclusive hardware wallet is appealing but it’s crucial to look at the track record and security measures of other wallets prior to making a decision. The final decision about whether the Ellipal product is worthwhile for the price is up to the individual. It’s a very secure option with a unique design but it’s not as convenient to use as other hardware wallets. Additionally, it’s an extremely new product available on the market.