The world of cryptocurrency has seen a significant rise in the number of hardware wallets on the market in recent years, each claims to keep digital assets secure and safe. The Ellipal wallet is the latest entry into the market and aims to stand out from its rivals by providing an unrivalled solution. As cryptocurrency usage becomes more mainstream, the need for safe the storage and protection of assets becomes more crucial. The Ellipal wallet can be described as a tool that keeps the private key to digital assets off-line, preventing hackers from stealing their assets from a remote location.
Ellipal, the company behind the wallet’s hardware is a relatively new company on the market. The company raised $55K via an Indiegogo campaign to finance its development. The company’s website as well as online reviews state the hardware wallet as completely secure, however, it’s important to remember that hardware wallets of competing businesses such as TREZOR and Ledger are made in a way that no outside attacker can see your private keys. For example, even if you connect your TREZOR on a compromised system that has been infected with viruses, your private keys will remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely isolated from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes via a camera on the rear of the. This makes it an extremely secure option as it eliminates the possibility of hackers gaining an access point to your private keys through a network connection. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other hardware wallets that connect to a computer to facilitate transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, which implies that it has not been 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 makers today (TREZOR as well as Ledger) have been around for a longer time and have a established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet currently supports the following coins: a few which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some buyers. The company is currently working on adding support for more coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal device is an fresh player on the market for hardware wallets and promises to be 100% secure because of its complete isolation from any computer or network. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and its price of $149 is in line with the other options. Although the idea of a completely exclusive hardware wallet is appealing but it’s crucial to look at the security and track record features of other hardware wallet options before making a choice. The final decision about whether the Ellipal device is well worth the cost is up to the individual. It’s an extremely secure choice with a unique design however, it’s not as easy to use as other hardware wallets, and it’s an all-new product available on the market.