The world of cryptocurrency has seen an significant increase in the number of hardware wallets available in recent years, all promises to keep digital assets secure and safe. Ellipal is one of them. Ellipal wallet is the latest entrant in this field and is aiming to differentiate itself from the crowd by providing an entirely separate solution. As the use of cryptocurrency is becoming more widespread and more commonplace, the need for safe security for digital asset storage is becoming increasingly essential. It is the Ellipal digital wallet device which keeps the private keys to digital assets indefinitely and prevents hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new player in the market. They raised $55K in the course of an Indiegogo campaign to finance research and development for their products. The company’s website as well as online reviews claim they are 100% safe, however it is important to remember that hardware wallets from rival businesses like TREZOR as well as Ledger are made in a way that no one outside can access your private keys. For example, even if it is possible to connect your TREZOR on a compromised device that is infected with viruses Your private keys remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any computer or network which means it does not have wireless or wired connectivity. Instead, it communicates through QR codes via a camera on the rear of the. This makes it an extremely safe option since it blocks the possibility of hackers getting gain access to private information by the network. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other wallets that are hardware-based that connect to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it isn’t battle-tested yet. This is something that potential buyers must keep in mind when considering purchasing the Ellipal wallet. In comparison, both leading hardware wallet manufacturers of today (TREZOR and Ledger) were in business for longer and have an established track record of security.
In terms of support for coin in terms of coin support, the Ellipal wallet currently supports only a small number of coins which include Bitcoin, Ethereum, Litecoin as well as 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 support for more coins in the near future.
In the end, it is clear that the Ellipal wallet is a brand new player on the market for hardware wallets, promising to be completely safe due to its total separation from any network or computer. The company behind it is new, and the product hasn’t been tested in battle yet. The Ellipal wallet is currently compatible with only a few coins, and its price tag at $149 is comparable with the other options. Although the idea of a completely isolated hardware wallet is intriguing however, you should consider the track record and security measures of other hardware wallet options before making a choice. In the end, the decision on whether the Ellipal product is worthwhile for the cost is entirely up to the user. 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 all-new product that’s available.