The world of cryptocurrency has seen a significant increase in the amount of hardware wallets available in recent years, all claims to keep digital assets safe and secure. The Ellipal wallet is a brand new entry into the market and is aiming to differentiate itself from its rivals by providing a completely isolated solution. As cryptocurrency usage becomes more mainstream, the need for safe security for digital asset storage becomes increasingly crucial. The Ellipal wallet can be described as a gadget which keeps the private keys to digital assets indefinitely and prevents hackers from taking them remotely.
Ellipal, the company behind the hardware wallet, is a relatively new company on the market. It raised $55K through the course of an Indiegogo campaign to finance the development of their product. The website of the company and its reviews online claim that their hardware wallet is completely secure, but it’s important to note that the hardware wallets of competing firms like TREZOR and Ledger are constructed in a manner that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised computer that is infected with viruses, your private keys remain secure and safe.
The Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network, meaning it has no wireless or wired connectivity. Instead, it transmits QR codes via cameras on its back of the. This makes it a very safe option since it blocks the possibility of hackers gaining access to the private key via the network. It’s important to note that this also means that the Ellipal wallet is not as user-friendly as other wallets that are hardware-based, which can be connected to a computer for simple transactions.
The Ellipal wallet costs $149 and is fairly brand new in the marketplace, which means that it’s not combat-tested to date. This is something prospective buyers should keep in mind when considering buying the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been in business for longer and have established track records of security.
Regarding support for coins in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some users. But, the company is currently working on adding more support for coins in the near future.
In conclusion it is clear that Ellipal wallet is a good choice. Ellipal device is an brand new player in the hardware wallet market that claims to be 100% secure due to its complete isolation from any computer or network. Ellipal is a company that’s new, and the product has not been battle-tested as of yet. The Ellipal wallet supports only a few coins and its price at $149 is comparable with its competitors. 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 wallets prior to making a choice. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the individual. It’s a very secure option that has a modern design but it’s not as convenient for use like other wallets, and it’s an all-new product that’s available.