The world of cryptocurrency has seen an significant increase in the amount of hardware wallets on the market in recent years. Each promising that digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new entrant in this field and aims to stand out from its competitors by offering an unrivalled solution. As cryptocurrency usage becomes more mainstream and more commonplace, the need for secure security for digital asset storage becomes more crucial. It is the Ellipal wallet is a tool which keeps the private keys to digital assets offline to prevent hackers from taking the keys from a remote location.
Ellipal, the company behind the hardware wallet is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to help fund research and development for their products. The company’s website and online reviews claim that their hardware wallet is completely safe, however it is important to keep in mind that hardware wallets from rival businesses such as TREZOR as well as Ledger are made in a way that no one outside can view your private key. For instance, even if it is possible to connect your TREZOR on a compromised system that has been infected with viruses, your private keys are still protected and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely isolated from any computer or network which means it does not have wired or wireless connectivity. Instead, it communicates via QR codes through an image camera at the rear end. This makes it a highly secure choice as it removes the possibility of a hacker getting an access point to your private keys by the network. However, it’s worth noting that this means the Ellipal wallet isn’t so user-friendly as other hardware wallets that can be linked to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is fairly recent to market which means that it has not been combat-tested to date. This is something potential buyers should take into consideration when buying this Ellipal wallet. In comparison, both leading hardware wallet manufacturers today (TREZOR and Ledger) have been around for a longer time and have a established track records of security.
Regarding support for coins In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is less than the amount of coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some customers. But, the company is working to add support for more coins in the near future.
In conclusion it is clear that it is clear that the Ellipal wallet has been a new competitor in the market for hardware wallets and promises to be 100% secure because of its complete separation from any network or computer. The company behind it is new, and the product has not been battle-tested as of yet. The Ellipal wallet supports the use of a small number of coins and the price of $149 is on par with the other options. While the idea of a completely separated hardware wallet sounds appealing however, you should consider the history and security measures of other hardware wallet options before making a choice. The final decision about whether the Ellipal wallet is worth the price is entirely up to the user. It’s a very secure option with an innovative design, however, it’s not as easy to use as other wallets. It’s also an all-new product available on the market.