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Ellipal Cold Wallet Review

The cryptocurrency market has seen an increase in the number of hardware wallets available on the market all promising that your digital assets will be safe and secure. The Ellipal wallet is a new competitor in this space It is aiming to differentiate itself from the rest by providing a completely isolated solution. In this article, we’ll take you on a closer look at the Ellipal wallet, the company behind it and its features to help you determine whether it’s worth investing in.

A hardware wallet is a gadget that keeps the private key to your digital assets indefinitely and prevents hackers from taking the funds remotely. The Ellipal wallet is 100% secure because it is completely disconnected from any computer or network. This means that it has no wired or wireless connectivity and instead communicates via QR codes through cameras on the rear of the wallet. The Ellipal wallet is priced at $149. It is relatively new on the market, meaning that it hasn’t been test-driven yet.

Ellipal, the company that developed the wallet’s hardware, is a relatively new competitor in the market. They raised $55K in the course of an Indiegogo campaign to fund its development. The website of the company as well as reviews online claim they are completely safe, however it is important to keep in mind that hardware wallets of rival businesses like TREZOR and Ledger are constructed in a manner that no outside attacker can access your private keys. For instance, even if you connect your TREZOR with a compromised device which is infected by viruses your private keys remain safe and secured.

Ellipal’s source code is only partially available, and, like Ledger and Ledger, they have a Github repository available that shows their Cross-chain wallet platform as well the JS-Lib that allows developers to develop apps with the framework. In comparison, both leading hardware wallet companies currently (TREZOR as well as Ledger) possess a considerable amount of their code stored in public repositories, which makes it easy to see how they implement security measures.

The Ellipal wallet currently supports a limited number of coins which include Bitcoin, Ethereum, Litecoin, along with ERC20 tokens. This is less than the coins that are supported by its rivals, TREZOR and Ledger.

The $149 price tag to purchase the Ellipal wallet is in line with other wallets, however it’s important to keep in mind that it’s a new product that has not been tested for battle. When compared to the TREZOR or Ledger wallets, which are available for longer and have a proven track record of security The Ellipal wallet may not be the most value-for-money money.

In the end In conclusion, it is clear that the Ellipal device is an new player in the hardware wallet market and promises to be 100% secure because of its complete separation from any computer or network. Ellipal is a company that’s new and it hasn’t been test-driven yet. The Ellipal wallet currently supports only a few coins and its price of $149 is in line with other wallets. While the idea of a totally separated hardware wallet sounds appealing however, you should consider the security and track record measures of other wallets before making a choice. The final decision on whether the Ellipal device is worthwhile for the cost is up to the individual.