The number of instances of cryptocurrency being stolen from software wallet is on the rise and it is astonishing to see how the most secure of platforms get hacked. The best solution for cryptocurrency investors to get a hardware wallet.
In case you are not aware of what a hardware wallet does, it is essentially a physical wallet that brings all of your cryptocurrency offline instead of relying on third-party services. The wallet manufacturers do not have any access to your cryptocurrency and the ownership is entirely yours. So, what are the best cryptocurrency wallets out there?
The ELLIPAL is undoubtedly one of the most secure hardware wallet options you can get your hands on. The most important thing to note is that the complexity of hardware wallets is what drives people away. The ELLIPAL resolves most of these problems by offering an extremely user-friendly approach while also maintaining all of the security features that make hardware wallets great.
Configuration
One of the most annoying things about most hardware wallets is that you have to connect your wallet to your PC and do go through the whole setup process manually. With ELLIPAL you can simplify the process to a great extent by making use of the ELLIPAL app. You can transfer information by making use of QR codes which allows you to communicate with your hardware wallet discretely.
Transfers
When using any other crypto hardware wallet, you have to connect your hardware wallet to your PC and use the dedicated app to fill in transfer information to make transactions. When using the ELLIPAL you can do everything from the ELLIPAL app directly through the use of QR codes. Simply put in the transaction data and use your hardware wallet’s code as confirmation to go ahead with any crypto transactions. The receiving address is mentioned in the app to make things convenient.
By comparing ELLIPAL’s cold wallet we can conclude that most of the competing offerings rely on PCs to work and using hardware wallets with just a couple buttons can be frustrating. Moreover, the configuration process can be quite difficult as well when using most hardware wallets out there. ELLIPAL has managed to solve this issue by going for a full-on mobile app approach without sacrificing any of the security measures in place in crypto hardware wallets.
Security
The state-of-the-art security system is what draws most users to the ELLIPAL. On top of making use of tried and tested security measures, ELLIPAL also makes use of its own security system that prevents any hijacking methods from being usable. Most importantly, there is no physical connection needed to pair the app to your wallet. All of the communication is completely wireless, making hijacking next to impossible unless someone has direct access to your passcodes and seeds.
Overall, the ELLIPAL is definitely worth the investment for anyone who is interested in investing in cryptocurrency.
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