The cryptocurrency market has seen an significant increase in the number of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is a new entrant in this field and is aiming to differentiate itself from its rivals by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream, the need for safe the storage and protection of assets becomes increasingly crucial. Ellipal wallet Ellipal digital wallet gadget that keeps the private key to digital assets indefinitely to prevent hackers from taking their assets remotely.
Ellipal, the company behind the wallet’s hardware component is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to finance the development of their product. The company’s website and reviews online claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets from rival companies like TREZOR and Ledger are made in a way that no attacker from outside is able to access your private keys. For instance, even if you connect your 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 wireless or wired connectivity. Instead, it communicates via QR codes through a camera on the back of the. This makes it a highly safe option since it blocks the possibility of hackers having an access point to your private keys through an internet connection. However, it’s worth noting that this also means that the Ellipal wallet is not so user-friendly like other wallets on hardware that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which implies that it isn’t combat-tested to date. This is something potential buyers need to keep in mind when considering purchasing this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) have been on the market for longer and have an established track record of security.
In terms of support for coin, the Ellipal wallet is currently able to support only a small number of coins which include Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is less than the number of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some users. But, the company is currently working on adding more support for coins in the future.
In the end In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a new competitor in the market for hardware wallets, promising that it is 100% secure due to its complete inaccessibility to any computer or network. The company behind it is relatively new, and the product has not been battle-tested yet. The Ellipal wallet supports a limited number of coins and its price of $149 is in line with its competitors. While the idea of a fully separated hardware wallet sounds appealing, it’s important to consider the track record and security features of other hardware wallet options before making a choice. Ultimately, the decision of whether the Ellipal wallet is worth the cost is up to the individual. It’s a safe option with an innovative design, however, it’s not as easy for use like other wallets. Additionally, it’s an extremely new product that’s available.