The cryptocurrency market has seen a significant increase in the number of wallets that are hardware in recent years, each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is the latest entry into the market and aims to stand out from the crowd by providing a completely isolated solution. As the use of cryptocurrency becomes more mainstream, the need for safe security for digital asset storage becomes more crucial. The Ellipal wallet can be described as a gadget that stores the private key to digital assets off-line and prevents hackers from taking them from a remote location.
Ellipal, the company behind the hardware wallet is a relatively young company on the market. They raised $55K in an Indiegogo campaign to help fund its development. The company’s website and online reviews claim the hardware wallet as 100% secure, however, it’s important to note that the hardware wallets of competing firms like TREZOR and Ledger are constructed in a manner that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR with a compromised device which is infected by viruses Your private keys are still safe and secure.
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 connections. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a very secure choice as it removes the possibility of a hacker getting gain access to private information via the network. It’s important to note that this means the Ellipal wallet isn’t so user-friendly like other wallets on hardware that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively recent to market which means that it isn’t combat-tested to date. This is something prospective buyers need to keep in mind when considering buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR as well as Ledger) were in business for a longer time and have a an established track record of security.
In terms of coin support, the Ellipal wallet supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. However, the company is currently working on adding more support for coins in the future.
In the end, the Ellipal wallet is a brand new competitor in the market for hardware wallets, promising to be 100% secure because of its complete separation from any network or computer. The company behind it is relatively new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is in line with the other options. While the idea of a completely exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is entirely up to the user. It’s a safe option with a unique design however, it’s not as user-friendly to use as other hardware wallets. It’s also an extremely new product available on the market.