The cryptocurrency market has seen an significant increase in the number of hardware wallets available on the market in recent years, each promising to keep digital assets secure and safe. The Ellipal wallet is a brand new entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread, the need for safe security for digital asset storage becomes more crucial. The Ellipal digital wallet device which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets remotely.
Ellipal the company that developed the hardware wallet, is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to finance the development of their product. The website of the company and its online reviews state the hardware wallet as completely secure, however, it’s important to remember that hardware wallets from rival firms such as TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to see your private keys. For example, even if the TREZOR is connected TREZOR on 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 that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes using cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of hackers gaining gain access to private information by a network connection. However, it’s important to remember that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet retails for $149. It is fairly new to the market, meaning that it isn’t combat-tested to date. This is something that potential buyers need to take into consideration when buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR as well as Ledger) have been on the market for longer and have a an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet supports only a small number of coins, including Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is fewer than the amount of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some customers. The company is currently working on adding the support of more coins in the future.
In conclusion it is clear that the Ellipal wallet is a brand new player in the hardware wallet market and promises to be completely safe due to its total inaccessibility to any network or computer. Its creators are new and the product has not been tested in battle yet. The Ellipal wallet is currently compatible with the use of a small number of coins, and its price tag at $149 is comparable with its competitors. Although the idea of a totally separated hardware wallet sounds appealing, it’s important to consider the history and security measures of other wallets prior to making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is up to the individual. It’s a safe option that has a modern design but it’s not as convenient for use like other wallets, and it’s an extremely new product on the market.