SafePal S1 Review 2024: Is Hardware Wallet Safe to Use?

If you’re in the market for a reliable and secure way to store your cryptocurrency, then a hardware wallet is an excellent option to consider.

In this review, we’ll be taking an in-depth look at the SafePal S1 Hardware Wallet, including its features, design, and overall performance.

We’ll also provide a comparison to other popular hardware wallets on the market, so you can make an informed decision about which option is right for you.

So, if you’re interested in finding out more about the SafePal Crypto Wallet, keep reading!

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SafePal S1 Hardware Wallet Review

The SafePal S1 is one of the best crypto hardware wallets by binance labs. It is an air-gapped crypto wallet that does not need any connection of Bluetooth, WiFi, NFC, or other radiofrequency to sign transactions.

Instead, it uses QR codes to communicate with the SafePal app or extension, which reduces the risk of hacking or interception.

It is a device about the size of a car key fob that connects to your computer or mobile device via a USB cable.

The S1 supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others.

• One of the key features of the SafePal S1 is its high level of security. It uses a secure element chip to store your private keys and has a secure boot process to ensure that the device has not been tampered with.
• In addition, the S1 has a physical button that you must press to confirm any transactions, helping to prevent accidental or unauthorized transfers.
• The S1 also has an easy-to-use interface that allows you to manage your assets and make transactions with just a few clicks. You can use it to view your cryptocurrency balances, send and receive payments, and view transaction history.
• The device is compatible with multiple operating systems, including Windows, Mac, and Linux, and can be used with a variety of wallets and exchanges.

What’s in the Box?

SafePal S1: Pros and Cons

Pros:

• Provides secure storage for cryptocurrency assets
• Easy to use with a simple interface
• Compact and portable design
• Affordable price point compared to other hardware wallets
• Supports a wide range of cryptocurrencies

Cons:

• Not user friendly as other hardware wallets

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SafePal S1 Specifications: Features

Color	‎Variable (generally Black)
Wallet size	‎11.2 x 9.6 x 3.2 cm; 124 Grams
Batteries	‎1 Lithium Ion battery
Batteries Available	‎Yes
Lithium Battery Energy efficiency	‎1.48 Watt Hours
Lithium Battery Weight	‎0.7 Grams
Number Of Lithium Ion Cells	‎1
Wallet Weight	‎124 g

Security Review

The SafePal S1 hardware wallet is a device that is designed to securely store and manage cryptocurrency assets. It is built with a dual-chip architecture, which means that it has two chips inside it.

One of these chips is a financial grade EAL5+ crypto SE chip, which is a type of chip that is specifically designed for the secure storage of cryptographic keys. This chip is responsible for keeping the private keys of the wallet secure.

The SafePal S1 is completely offline, which means that it does not have any internet or wireless connectivity. It does not have Bluetooth, NFC (Near Field Communication), WiFi, or any other type of internet access.

This is an important security feature, as it means that the device cannot be hacked or accessed remotely.

The SafePal S1 also has a true random number generator. It is a device that generates unique numbers randomly. This is used to create unique private keys for the wallet, ensuring that each key is completely unique and cannot be predicted by anyone.

The SafePal S1 has multiple layers of security to protect against software and hardware attacks. If a malicious attack is detected, the device will activate its self-destroy and key-erasing mechanism. This prevents anyone from stealing the cryptocurrency stored in the wallet.

This is a powerful security feature that helps to ensure that your digital asset is safe and secure at all times.

Ease Of Use Review

The resolution screen on the SafePal S1 Hardware wallet is designed to display all the details of your transactions in clear and easy-to-read text. This means that you can easily see the amount of cryptocurrency you are sending or receiving, as well as the destination address and any other relevant information.

The user interface (UI) of the SafePal S1 has been carefully designed to make it easy for anyone to use, even if they are new to cryptocurrency storage.

Firmware updates are an important part of maintaining the security of your hardware wallet, and the SafePal S1 makes it easy to keep your wallet up to date.

With just three simple steps, you can finish a firmware update and ensure that your wallet is compatible with the latest coins and features.

Finally, the SafePal S1 offers simple backup and recovery options, so you don’t have to worry about losing or damaging your wallet.

Whether you accidentally delete your wallet or your hardware wallet gets damaged, you can easily recover your funds and continue using the SafePal S1 with minimal disruption.

Mobile Friendly Review

The SafePal S1 Hardware wallet is designed to be used on mobile devices, specifically, those running Android 5.0 or iOS 10.0 or higher.

This means that it can be easily accessed and used on a wide range of smartphones and tablets, allowing users to manage their cryptocurrency assets while on the go.

One of the key mobile-friendly features of the SafePal S1 is the ability to receive money anytime, anywhere using an encrypted QR code.

This means that users can easily accept payments from others by simply scanning a QR code, without the need for any additional hardware or software. This makes the process of receiving payments fast and convenient and helps to keep users’ assets secure thanks to encryption.

In addition to this, the SafePal S1 has a slim and handy design that makes it easy to move around with and Portable.

Wallet Dimensions and Battery Review

The SafePal S1 Hardware wallet has dimensions of 11.2 x 9.6 x 3.2 cm, which means it has a length of 11.2 cm, a width of 9.6 cm, and a depth of 3.2 cm.

It weighs 124 grams, which is relatively lightweight compared to other cold storage wallets. The SafePal wallet is powered by a lithium-ion battery, which is a type of rechargeable battery that is commonly used in electronic devices.

Lithium-ion batteries have a high energy density and can hold a charge for a long time, making them ideal for use in hardware wallets that need to be portable and dependable.

Price Review

The SafePal S1 is priced at $49.99. The price tag for the SafePal S1 may seem steep to some, but it is important to consider the value of security and peace of mind.

Safepal hardware wallet supported coins

1. Supported 54 blockchains and unlimited tokens: The SafePal S1 wallet supports 54+ blockchain networks.
2. Unlimited currency storage: The Hardware wallet has no limits on the number of digital assets that can be stored on the device. This means that users can store as many different types of digital assets as they like on the wallet.
3. Add and delete tokens as you like: The SafePal wallet allows users to easily add and delete tokens as they see fit. This means that users can customize their portfolio of digital assets and add or remove tokens as needed.
4. On-board new tokens via firmware upgrade: It allows users to easily add support for new tokens by upgrading the firmware on the device. This means that users can keep their wallets up-to-date and support the latest and greatest digital assets as they become available.

How to use Safepal hardware wallet?

To use a SafePal hardware wallet, you will need to follow these steps:

1. Install the SafePal app on your mobile device from the App Store or Google Play Store.
2. Connect the SafePal hardware wallet to your mobile device using the provided USB cable.
3. Open the SafePal app on your mobile device and follow the on-screen instructions to set up your wallet. This will include creating a wallet password and writing down your recovery phrase.
4. Once your wallet is set up, you can use the app to view your balance, send and receive cryptocurrency, and manage your wallet settings.
5. To make a transaction, you will need to confirm it on the SafePal hardware wallet by pressing the button on the device.
6. Keep your recovery phrase and password secure and do not share it with anyone.
7. Make sure to always back up your recovery phrase and store it in a safe place, in case of loss of device or forgetting password.

SafePal S1 vs Ledger S Plus vs Trezor One

Feature	SafePal S1	Ledger Nano S Plus	Trezor One
Price	$49	$59	$59
Supported cryptocurrencies	Over 1,000	Over 5,000	Over 1,500
Screen size	2.42 inches	128×32 pixels	128×64 pixels
Connectivity	USB-C	USB-C	USB-A
Operating system compatibility	Windows, Mac, Linux, iOS, Android	Windows, Mac, Linux, Android	Windows, Mac, Linux, Android
Backup and recovery	24-word recovery phrase	24-word recovery phrase	12-word recovery seed
Security features	EAL5+ certified secure element, fingerprint sensor, 2FA	EAL5+ certified secure element, 2FA	EAL5+ certified secure element, 2FA
Dimensions	3.94 x 2.36 x 0.79 inches	3.35 x 0.79 x 0.79 inches	2.23 x 0.87 x 0.36 inches

Related:

1. SafePal Vs Ledger
2. SafePal Vs Trust Wallet
3. Safepal S1 Vs Trezor One
4. SafePal Vs Trezor Vs ELLIPAL Vs Ledger
5. SafePal Vs ELLIPAL Titan
6. Best Bitcoin Hardware Wallets

How to Set up SafePal S1 in less than 3 minutes?

To use the SafePal S1 hardware wallet, you will need to download the free app on your iPhone or Android device. Once you have the app downloaded, you will need to take a few steps to create or recover a wallet on your SafePal wallet.

This may involve entering your personal information and creating a password or security code.

Once you have set up your wallet, you will need to pair your device and the SafePal S1 cold wallet together. This can be done by following the instructions in the app or on the hardware wallet itself.

Once you have paired your device and the SafePal S1 hardware wallet, you are good to go and can start using your wallet to store, manage, and transact with your cryptocurrency.

With the SafePal S1 hardware wallet, you can enjoy the convenience and security of managing your crypto assets anytime, anywhere.

Conclusion: Is SafePal S1 Worth it?

In this Safepal review, we found that this crypto cold Wallet by Binance is a top-of-the-line option for securely storing and managing your cryptocurrency assets.

Its easy-to-use interface, strong security features, and sleek design make it a great choice for both beginner and experienced cryptocurrency users.

Additionally, with its competitive price point and excellent customer support, SafePal is definitely worth considering for your cryptocurrency storage needs in 2023 and beyond.

SafePal s1 Review: FAQs