The world of cryptocurrency has seen a significant increase in the number of hardware wallets available on the market in recent years, each promising to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from the crowd by providing an entirely separate solution. As the use of cryptocurrency grows more commonplace, the need for safe security for digital asset storage becomes more crucial. It is the Ellipal wallet can be described as a gadget that stores the private key to digital assets indefinitely 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 an Indiegogo campaign to fund its development. The company’s website and online reviews claim that their hardware wallet is completely secure, however, it’s important to remember that hardware wallets of rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can view your private key. For example, even if you connect your TREZOR with a compromised computer which is infected by viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is unique in its design, it is completely isolated from any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes via cameras on its rear of the. This makes it an extremely secure choice as it removes the possibility of hackers having an access point to your private keys via the network. It’s important to note that this means the Ellipal wallet isn’t as user-friendly like other wallets on hardware that can be linked to a computer for simple transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which means that it’s not combat-tested to date. This is something prospective buyers should keep in mind when considering purchasing the Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR as well as Ledger) have been in business for longer and have established track records of security.
In terms of coin support, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin, as well as ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. However, the company is working to add support for more coins in the future.
In the end it is clear that the Ellipal wallet is a fresh competitor in the market for hardware wallets and promises that it is 100% safe due to its total inaccessibility to any computer or network. Ellipal is a company that’s relatively new and the product hasn’t been battle-tested yet. The Ellipal wallet currently supports a limited number of coins, and its price tag of $149 is in line with the other options. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the security and track record measures of other hardware wallet options before making a decision. In the end, the decision on whether the Ellipal wallet is worth the price is entirely up to the user. It’s an extremely secure choice that has a modern design however, it’s not as easy to use as other hardware wallets, and it’s an extremely new product on the market.