The world of cryptocurrency has seen an significant rise in the number of hardware wallets on the market in recent years, all promises that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and hopes to differentiate from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for secure security for digital asset storage becomes increasingly essential. The Ellipal wallet can be described as a device which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal the company that developed the wallet’s hardware component is a relatively young competitor in 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 rival companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can access your private keys. For example, even if the TREZOR is connected TREZOR with a compromised device that has been infected with viruses Your private keys remain safe and secure.
The 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 through QR codes via cameras on its back of the. This makes it a very secure choice as it removes the possibility of a hacker getting access to the private key by an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not as convenient to use like other wallets on hardware that connect to a computer for simple transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it has not been battle-tested yet. This is something potential buyers must keep in mind when considering buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR as well as Ledger) are in business for longer and have a an established track record of security.
In terms of coin support, the Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which may be a concern for some customers. However, the company is working to add the support of more coins in the near future.
In conclusion, it is clear that the Ellipal wallet has been a brand new player in the market of hardware wallets, promising to be 100% secure because of its complete separation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports only a few coins and its price of $149 is in line with its competitors. Although the idea of a completely isolated hardware wallet is intriguing, it’s important to consider the security and track record measures of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal device is well worth the price is entirely up to the user. It’s a safe option that has a modern design however, it’s not as user-friendly in use as the other wallets. Additionally, it’s an extremely new product available on the market.