The cryptocurrency market has witnessed a significant increase in the number of wallets that are hardware on the market in recent years, all promises to keep digital assets secure and safe. Its Ellipal wallet is the latest entrant in this field and aims to stand out from the crowd by providing an unrivalled solution. As the use of cryptocurrency is becoming more widespread it is becoming more important to secure the storage and protection of assets becomes more important. Ellipal wallet Ellipal wallet is a tool which keeps the private keys to digital assets off-line and prevents hackers from taking the keys from a remote location.
Ellipal, the company behind the hardware wallet, is a relatively new player in the market. The company raised $55K via the course of an Indiegogo campaign to fund its development. The company’s website and online reviews state they are completely secure, however, it’s important to remember that hardware wallets of rival companies like TREZOR and Ledger are made in a way that no attacker from outside is able to see your private keys. For example, even if you connect your TREZOR on a compromised computer that has been infected with viruses Your private keys will remain protected and safe.
The Ellipal wallet is unique in its design, it is completely isolated from any network or computer which means it does not have wired or wireless connectivity. Instead, it communicates through QR codes through a camera on the rear end. This makes it an extremely safe option since it blocks the possibility of a hacker having an access point to your private keys through the network. It’s important to note that this also means that the Ellipal wallet is not as convenient to use as other hardware wallets that can be linked to a computer to facilitate transactions.
The Ellipal wallet retails for $149. It is fairly recent to market meaning that it has not been battle-tested yet. This is something prospective buyers should take into consideration when buying Ellipal. Ellipal wallet. As a comparison, both the top hardware wallet manufacturers of today (TREZOR and Ledger) have been around for longer and have proven track record of security.
In terms of support for coin In terms of support for coins, Ellipal wallet supports a limited number of coins. Ellipal wallet is currently able to support the following coins: a few that are supported, such as Bitcoin, Ethereum, Litecoin as well as ERC20 tokens. This is fewer than the amount of coins that are supported by its rivals, TREZOR and Ledger, which may be a concern for some buyers. But, the company is working to provide more support for coins in the future.
In the end, Ellipal wallet is a good choice. Ellipal wallet has been a fresh competitor in the hardware wallet market that claims that it is 100% safe due to its total inaccessibility to any computer or network. Its creators are new and the product hasn’t been battle-tested yet. The Ellipal wallet supports only a few coins and the price of $149 is in line with other wallets. Although the concept of a fully isolated hardware wallet is intriguing however, you should consider the history and security features of other hardware wallets prior to making a decision. Ultimately, the decision of whether the Ellipal product is worthwhile for the cost is up to the person who buys it. It’s an extremely secure choice that has a modern design however, it’s not as easy in use as the other hardware wallets. Additionally, it’s an all-new product that’s available.