The cryptocurrency market has seen an significant rise in the number of hardware wallets available in recent years, all claims to keep digital assets secure and safe. Its Ellipal wallet is a new entry into the market and hopes to differentiate from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream it is becoming more important to safe security for digital asset storage becomes increasingly crucial. Ellipal wallet Ellipal wallet can be described as a tool that keeps the private key to digital assets indefinitely, preventing hackers from stealing their assets remotely.
Ellipal, the company behind the wallet’s hardware is a relatively young competitor in the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The website of the company and its online reviews claim the hardware wallet as 100% safe, however it is important to remember that hardware wallets of competing companies such as TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. For example, even if the TREZOR is connected TREZOR to a compromised computer that is infected with viruses, your private keys will remain protected and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely disconnected from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes via cameras on its back of the. This makes it a highly secure choice as it removes the possibility of hackers getting access to the private key by a network connection. It’s important to note that this could mean that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it has not been tested in battle yet. This is something potential buyers should take into consideration when purchasing this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers today (TREZOR and Ledger) were around for longer and have a an established track record of security.
In terms of support for coin in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some customers. But, the company is currently working on adding support for more coins in the future.
In the end In conclusion, it is clear that the Ellipal wallet has been a brand new player on the market for hardware wallets that claims that it is 100% secure due to its complete isolation from any network or computer. The company behind it is new and the product has not been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins and its price at $149 is comparable with the other options. Although the concept of a fully separated hardware wallet sounds appealing but it’s crucial to look at the history and security features of other hardware wallets before making a decision. The final decision about whether the Ellipal wallet is worth the price is up to the person who buys it. It’s a very secure option with a unique design however, it’s not as user-friendly in use as the other wallets. It’s also an extremely new product that’s available.