The world of cryptocurrency has seen an significant rise in the number of wallets that are hardware on the market in recent years. Each promising to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to safe storage of digital assets becomes more essential. Ellipal wallet Ellipal digital wallet device that stores the private key to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to finance the development of their product. The company’s website and online reviews claim the hardware wallet as completely secure, however, it’s important to note that the hardware wallets of competing companies such as TREZOR as well as Ledger are constructed in a manner that no one outside can see your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised system that is infected with viruses, your private keys remain protected and safe.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connectivity. Instead, it communicates through QR codes via an image camera at the rear of the. This makes it a very secure choice as it removes the possibility of a hacker getting access to the private key by an internet connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively new to the market, which implies that it has not been battle-tested yet. This is something potential buyers need to take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) are around for longer and have established track records of security.
Regarding support for coins In terms of support for coins, 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 amount of coins supported by its competitors, TREZOR and Ledger, which could be a problem for some users. The company is working to add support for more coins in the future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the market of hardware wallets that claims to be completely secure because of its complete separation from any computer or network. The company behind it is new and the product has not been battle-tested as of yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag of $149 is in line with its competitors. Although the concept of a completely separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallets prior to making a decision. In the end, the decision on whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design but it’s not as convenient to use as other wallets. It’s also a relatively new product available on the market.