The world of cryptocurrency has seen a significant rise in the number of hardware wallets on the market in recent years, each claims to keep digital assets 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 a completely isolated solution. As cryptocurrency usage grows more commonplace and more commonplace, the need for safe the storage and protection of assets becomes increasingly essential. It is the Ellipal wallet is a device that stores the private key to digital assets offline to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware is a relatively new competitor in the market. The company raised $55K via the course of an Indiegogo campaign to fund research and development for their products. The website of the company and its online reviews claim they are 100% secure, but it’s important to keep in mind that hardware wallets from rival businesses such as TREZOR and Ledger are made in a way that no attacker from outside is able to see your private keys. In the event that, for instance, you connect your TREZOR to a compromised system which is infected by viruses your private keys will remain protected and safe.
The Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wired or wireless connectivity. Instead, it communicates through QR codes through an image camera at the rear end. This makes it a highly secure option as it eliminates the possibility of hackers getting an access point to your private keys via an internet connection. It’s important to note that this also means that the Ellipal wallet isn’t as user-friendly like other wallets on hardware, which can be connected to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly new to the market, meaning that it has not been combat-tested to date. This is something that potential buyers should be aware of when purchasing the Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR and Ledger) were in business for a longer time and have a an established track record of security.
In terms of coin support in terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. The company is working to add the support of more coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a new player in the market of hardware wallets that claims that it is 100% safe due to its total inaccessibility to any network or computer. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports a limited number of coins and the price at $149 is comparable with other wallets. Although the concept of a totally separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other hardware wallets before making a decision. The final decision about whether or not the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice with a unique design but it’s not as convenient in use as the other hardware wallets, and it’s a relatively new product available on the market.