The cryptocurrency market has witnessed a significant increase in the number of hardware wallets available in recent years, each promises to keep digital assets secure and safe. The Ellipal wallet is a new entrant in this field and aims to stand out from its competitors by offering an unrivalled solution. As the use of cryptocurrency becomes more mainstream it is becoming more important to secure the storage and protection of assets becomes increasingly important. It is the Ellipal wallet is a gadget that stores the private key to digital assets offline and prevents hackers from taking them remotely.
Ellipal, the company behind the wallet’s hardware component, is a relatively new company on the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The company’s website and reviews online claim that their hardware wallet is 100% secure, but it’s important to keep in mind that hardware wallets from rival firms like TREZOR as well as Ledger are also designed in a way that no outside attacker can see your private keys. For example, even if it is possible to connect your TREZOR on a compromised system that has been infected with viruses, your private keys are still safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer which means it does not have wireless or wired connections. Instead, it transmits QR codes through an image camera at the rear end. This makes it a highly secure choice as it removes the possibility of hackers having access to the private key via the network. However, it’s important to remember that this could mean that the Ellipal wallet isn’t so user-friendly as other wallets that are hardware-based that connect to a computer for simple transactions.
The Ellipal wallet costs $149 and is relatively brand new in the marketplace, which implies that it’s not battle-tested yet. This is something prospective buyers should take into consideration when buying Ellipal. Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) are on the market 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 a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin along with ERC20 tokens. This is less than the number of coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to provide support for more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the hardware wallet market, promising that it is 100% safe due to its total isolation from any computer or network. Ellipal is a company that’s relatively new and the product has not been battle-tested yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with the other options. Although the idea of a completely isolated hardware wallet is intriguing however, you should consider the track record and security features of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal wallet is worth the price 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 in use as the other wallets. It’s also a relatively new product available on the market.