The cryptocurrency market has seen an significant increase in the number of hardware wallets on the market in recent years. Each promises to keep digital assets secure and safe. The Ellipal wallet is a new entry into the market and aims to stand out from the crowd by providing an unrivalled solution. As cryptocurrency usage grows more commonplace, the need for safe storage of digital assets becomes increasingly important. The Ellipal wallet is a device which keeps the private keys to digital assets indefinitely to prevent hackers from taking their assets from a remote location.
Ellipal the company that developed the wallet’s hardware, is a relatively new competitor in the market. They raised $55K in an Indiegogo campaign to fund the development of their product. The company’s website and online reviews claim that their hardware wallet is completely safe, however it is important to note that the hardware wallets of rival companies like TREZOR as well as Ledger are made in a way that no one outside can see your private keys. For instance, even if the TREZOR is connected TREZOR with a compromised computer that is infected with viruses your private keys will remain secure and safe.
Ellipal is a unique wallet. Ellipal wallet is distinctive in its design, it is completely unconnected to any network or computer that is, it doesn’t have wired or wireless connectivity. Instead, it communicates via QR codes via cameras on its back of the. This makes it a very secure choice as it removes the possibility of a hacker gaining an access point to your private keys by a network connection. However, it’s important to remember that this also means that the Ellipal wallet isn’t so user-friendly as other hardware wallets, which can be connected to a computer for easy transactions.
The Ellipal wallet retails for $149. It is relatively brand new in the marketplace, which implies that it has not been tested in battle yet. This is something that potential buyers should take into consideration when buying this Ellipal wallet. As a comparison, both the top hardware wallet makers today (TREZOR as well as Ledger) were on the market for a longer time and have a proven track record of security.
In terms of coin support, the Ellipal wallet is currently able to support only a small number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. It is lower than the coins that are supported by its rivals, TREZOR and Ledger, which might be a worry for some buyers. However, the company is working to add support for more coins in the near future.
In the end, Ellipal wallet is a good choice. Ellipal wallet is a new competitor in the market for hardware wallets, promising to be 100% safe due to its total separation from any computer or network. Its creators are new and the product hasn’t been battle-tested as of yet. The Ellipal wallet currently supports the use of a small number of coins, and its price tag at $149 is comparable with the other options. Although the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record features of other hardware wallets before making a decision. In the end, the decision on whether or not the Ellipal wallet is worth the cost is up to the person who buys it. It’s a safe option that has a modern design but it’s not as convenient in use as the other hardware wallets. It’s also an all-new product that’s available.