The cryptocurrency market has seen an significant increase in the amount of hardware wallets available on the market in recent years. Each promises that digital assets will be safe and secure. The Ellipal wallet is a brand new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency becomes more mainstream and more commonplace, the need for safe the storage and protection of assets becomes increasingly essential. It is the Ellipal wallet can be described as a gadget which keeps the private keys to digital assets offline, preventing hackers from stealing the keys remotely.
Ellipal, the company behind the wallet’s hardware, is a relatively new company on the market. They raised $55K in an Indiegogo campaign to help fund the development of their product. The company’s website and online reviews state they are 100% secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR as well as Ledger are also designed in a way that no attacker from outside is able to access your private keys. For instance, even if it is possible to connect your TREZOR to a compromised computer that is infected with viruses Your private keys remain protected and safe.
Its Ellipal wallet is distinctive in its design. It is completely disconnected from any network or computer that is, it doesn’t have wireless or wired connectivity. Instead, it communicates via QR codes via cameras on its rear of the. This makes it an extremely secure option as it eliminates the possibility of hackers having gain access to private information through the network. However, it’s worth noting that this could mean 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 costs $149 and is relatively recent to market meaning that it’s not combat-tested to date. This is something that potential buyers should keep in mind when considering buying the Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers today (TREZOR and Ledger) have been on the market for longer and have a established track records of security.
In terms of support for coin In terms of support for coins, the Ellipal wallet currently supports the following coins: a few, including Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is fewer than the coins supported by its competitors, TREZOR and Ledger, which might be a worry for some buyers. But, the company is working to provide more support for coins in the future.
In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an new player on the market of hardware wallets, promising that it is 100% secure because of its complete isolation from any network or computer. Its creators are new, and the product hasn’t been battle-tested as of yet. The Ellipal wallet is currently compatible with a limited number of coins and the price at $149 is comparable with the other options. Although the idea of a completely isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallet options before making a decision. In the end, the decision on whether or not the Ellipal product is worthwhile for the cost is entirely up to the user. It’s a very secure option with a unique design however, it’s not as easy in use as the other wallets, and it’s an extremely new product available on the market.