The cryptocurrency market has witnessed an significant increase in the number of hardware wallets available on the market in recent years, each promising that digital assets will be secure and safe. Ellipal is one of them. Ellipal wallet is a brand new competitor in the field, and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency grows more commonplace, the need for safe storage of digital assets becomes more crucial. The Ellipal digital wallet gadget that keeps the private key to digital assets off-line, preventing hackers from stealing their assets remotely.
Ellipal the company that developed the hardware wallet is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to fund its development. The company’s website as well as reviews online claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of rival firms such as TREZOR and Ledger are also designed in a way that no attacker from outside is able to see your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised computer which is infected by viruses, your private keys remain safe and secure.
The Ellipal wallet is unique in its design, it is completely isolated from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it a highly secure option as it eliminates the possibility of hackers gaining an access point to your private keys by 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 relatively brand new in the marketplace, meaning that it isn’t combat-tested to date. This is something potential buyers need to be aware of when buying this Ellipal wallet. Comparatively, both of the leading hardware wallet makers today (TREZOR as well as Ledger) have been in business for a longer time and have a established track records of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. It is lower than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some users. But, the company is working to add support for more coins in the near future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an new player on the hardware wallet market and promises to be 100% safe due to its total separation from any network or computer. Ellipal is a company that’s relatively new, and the product has not been tested in battle yet. The Ellipal wallet supports only a few coins and the price of $149 is on par with other wallets. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other hardware wallets prior to making a decision. Ultimately, the decision of whether or not the Ellipal product is worthwhile for the price is up to the individual. It’s a safe option that has a modern design but it’s not as convenient to use as other hardware wallets, and it’s an all-new product on the market.