The world of cryptocurrency has seen a significant increase in the amount of wallets that are hardware on the market in recent years, each promises to keep digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new entry into the market and hopes to differentiate from its rivals by providing an entirely separate solution. As cryptocurrency usage grows more commonplace it is becoming more important to safe the storage and protection of assets becomes more essential. It is the Ellipal wallet is a device which keeps the private keys to digital assets offline, preventing hackers from stealing their assets from a remote location.
Ellipal the company that developed the wallet’s hardware component, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to fund its development. The website of the company and its online reviews state that their hardware wallet is completely secure, but it’s important to keep in mind that hardware wallets from rival companies like TREZOR and Ledger are constructed in a manner that no outside attacker can see your private keys. In the event that, for instance, it is possible to connect your TREZOR to a compromised system that is infected with viruses, your private keys remain safe and secure.
Its Ellipal wallet is distinctive in its design, it is completely disconnected from any computer or network, meaning it has no wireless or wired connections. Instead, it transmits QR codes via cameras on its rear end. This makes it an extremely safe option since it blocks the possibility of hackers having an access point to your private keys via a network connection. However, it’s worth noting that this could mean that the Ellipal wallet is not so user-friendly as other hardware wallets that connect to a computer for easy transactions.
The Ellipal wallet is priced at $149. It is relatively brand new in the marketplace, which means that it isn’t battle-tested yet. This is something that potential buyers must take into consideration when buying Ellipal. Ellipal wallet. Comparatively, both of the leading hardware wallet manufacturers of today (TREZOR as well as Ledger) are on the market for a longer time and have a proven track record of security.
In terms of support for coin, Ellipal wallet supports a limited number of coins. Ellipal wallet currently supports the following coins: a few which include 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. But, the company is working to add the support of more coins in the near future.
In conclusion, Ellipal wallet is a good choice. Ellipal wallet is a fresh player on the market for hardware wallets, promising to be completely safe due to its total isolation from any computer or network. Ellipal is a company that’s new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports only a few coins and the price at $149 is comparable with its competitors. Although the idea of a completely separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal device is well worth the price is entirely up to the user. It’s a very secure option with an innovative design, but it’s not as convenient for use like other hardware wallets, and it’s a relatively new product that’s available.