Skip to main content

How To Set Up Ellipal Wallet

The cryptocurrency world has witnessed an increase in the number and variety of hardware wallets that are available, each promising to keep your digital assets safe and secure. Ellipal is one of them. Ellipal wallet is a brand new competitor in this space, and it is aiming to differentiate itself from the rest by providing an unrivalled solution. In this post, we’ll look at a more in-depth review of the Ellipal wallet, the company behind it, and the features that it has to offer to help you decide whether it’s worth the money.

Hardware wallets are device which keeps the private keys to your digital assets indefinitely, preventing hackers from stealing your data remotely. The Ellipal wallet promises to be 100% secure since it is completely unconnected to any computer or network. It has no wireless or wired connectivity, but instead, it communicates with QR codes via a camera on the rear end. The Ellipal wallet is priced at $149. It is relatively new to the market, which implies that it hasn’t been tested in battle yet.

Ellipal The company behind the wallet’s hardware, is a relatively new competitor in the market. It raised $55K through an Indiegogo campaign to fund the development of their product. The website of the company and its online reviews state that their hardware wallet is completely safe, however it is important to remember that hardware wallets of rival firms such as TREZOR as well as Ledger are also designed in a way that no one outside can see your private key. For example, even if the TREZOR is connected TREZOR on a compromised system that has been infected with viruses Your private keys will remain safe and secure.

Ellipal’s source code remains partially open, and like Ledger and Ledger, they have the Github repository that showcases their Cross-chain wallet platform as well as their JS-Lib for developers to develop apps with their framework. In comparison, both leading hardware wallet companies today (TREZOR as well as Ledger) possess a significant amount of their code on public repositories, making it simple to understand the security measures they have implemented.

The Ellipal wallet is currently compatible with a limited number of coins that are supported, such as Bitcoin, Ethereum, Litecoin, and ERC20 tokens. This is lower than the coins supported by its competitors, TREZOR and Ledger.

The price tag of $149 of this Ellipal wallet is comparable with its competitors, but it’s important to keep in mind that it’s a new product and has not been battle-tested yet. In comparison to TREZOR or Ledger wallets that are available for longer and have a long-standing track record of security and reliability, the Ellipal wallet might not be the most value-for-money cash.

In the end it is clear that Ellipal wallet is a good choice. Ellipal device is an new player in the hardware wallet market, promising to be 100% safe due to its total inaccessibility to any computer or network. Its creators are relatively new, and the product isn’t battle-tested yet. The Ellipal wallet is currently compatible with a limited number of coins, and its price tag of $149 is on par with its competitors. Although the concept of a totally isolated hardware wallet is intriguing however, you should consider the security and track record measures of other wallets before making a choice. In the end, the decision on whether the Ellipal product is worthy of the price is up to the individual.