Review on Ellipal Cold Wallet 2.0 by Olugbenga Ajayi
Ellipal cold hardware wallet is secure and well recommended
Since the Advent of cryptocurrencies, many wallets has been introduced both hardware and software wallet. One hardware wallet that is relatively new in the market is ellipal cold wallet 2.0.
There is nothing much known about the company that launched it but what is known about the hardware wallet is fascinating. One good thing about the wallet is that it doesn't have a wired connection to the computer and is isolated from the internet.This is in other to offers the best security so to speak.
How does it connect to the wallet app which resides on users smartphones? This is possible via the QR codes which can be scanned through the camera that is located at the rear end of the hardware wallet.
The hardware is rather too expensive for a new product. I would have preferred something far cheaper than the existing one so as to have an advantage. However if we consider the size, it is understandable because it is far bugger than others. One can hardly describe it as portable. It can hardly fit into the pocket.
It requires series of strong password to setup and there 12-24 passphrase that will be generated which should be kept by user.
If we are to consider the security features, it is good and should be recommended. On the Twitter account it is even described as ' the world first fully metal sealled and air-gapped hardware wallet with mobile support. So it is really strong, durable and secure. On the other hand, if we are to consider is age in the market, some may be skeptical since it has not undergone and passed the test of third party security audit.
Pros
- Ellipal cold wallet 2.0 is a wallet that offers strong security
- It is isolated from computer or even the internet so it is safer
- It has a large community of followers on the social media
- It is multicurrency in nature
- It is a wallet that can support cross chain Transaction
- Private keys are internally locked
- The app supports multiple mobile Platform
- Connection via QR codes is faster than via cables
Cons
- The company behind the wallet is not really known
- It is a bit too expensive
- It has not passed the test of time since it is relatively new in the market
