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The cryptocurrency world has witnessed a rise in the number of hardware wallets on the market that promise that your digital assets will be safe and secure. Ellipal is one of them. Ellipal wallet is a new player in this field It will stand out from its competitors by offering a completely isolated solution. In this article, we’ll take you on a close review of the Ellipal wallet and its company that makes it and the features it offers to help you decide whether it’s worth the money.

A hardware wallet is a device which keeps the private keys to your digital assets offline to prevent hackers from stealing your data remotely. The Ellipal wallet promises to be 100% secure because it is completely unconnected to any network or computer. This means it does not have wired or wireless connectivity and instead, it communicates with QR codes using a camera on the rear of the wallet. The Ellipal wallet is priced at $149. It is relatively new on the market, which implies it isn’t tested in battle yet.

Ellipal, the company behind the hardware wallet is a relatively young player in the market. It raised $55K through an Indiegogo campaign to help fund the development of their product. The website of the company and its reviews online claim that their hardware wallet is completely secure, but it’s important to remember that hardware wallets of rival companies such as TREZOR as well as Ledger are made in a way that no outside attacker can see your private key. For instance, even if you connect your TREZOR to a compromised computer that is infected with viruses your private keys will remain safe and safe.

Ellipal’s source code remains partially available, and, similar to Ledger and Ledger, they have the Github repository which demonstrates their Cross-chain wallet framework aswell in their JS-Lib, which is available to developers to develop apps with them. As a contrast, both of the leading hardware wallet manufacturers currently (TREZOR and Ledger) have a large amount of their code on public repositories, making it easy to observe the security measures they have implemented.

The Ellipal wallet currently supports a limited number of coins, including Bitcoin, Ethereum, Litecoin and ERC20 tokens. This is lower than the amount of coins that its competitors support, TREZOR and Ledger.

The price tag of $149 to purchase this Ellipal wallet is in line with other wallets, however it’s important to remember that it’s a new product that hasn’t been battle-tested yet. When compared to the TREZOR as well as Ledger wallets that are available for longer and have an established track performance in security and reliability, the Ellipal wallet may not be the best value for cash.

In conclusion, the Ellipal wallet has been a fresh player in the hardware wallet market, promising to be 100% secure due to its complete inaccessibility to any computer or network. Ellipal is a company that’s relatively new, and the product isn’t battle-tested yet. The Ellipal wallet supports a limited number of coins and the price of $149 is in line with the other options. While the idea of a fully exclusive hardware wallet is appealing however, you should consider the history and security features of other hardware wallets before making a decision. The final decision on whether the Ellipal device is worthwhile for the price is entirely up to the person who purchases it.