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

Safepal is a secure, Portable, and user-friendly hardware wallet for storing and managing cryptocurrency assets.

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!


Quick Verdict💡 – Why You should buy SafePal S1 Cold Wallet: 5 Reasons

  1. SafePal S1 hardware wallet is 100% air-gapped based on a QR code and does not require any Bluetooth, WiFi, or NFC. This avoids online phishing and malware injection attacks.
  2. It has an EAL 5+ secure element chip and a true random number generator embedded in it, which protects your private key.
  3. You can also perform Web3 activities such as swapping, NFTs, blockchain gaming, and liquidity mining from your SafePal wallet.
  4. The device supports 54 blockchains and unlimited cryptocurrencies, so you can handle all your crypto assets in one device.
  5. It has a user-friendly mobile app and the backing of Binance Labs.

SafePal S1 Hardware Wallet Review

SafePal S1 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 Hardware Wallet x 1
  • Cleaning Cloth
  • Mnemonic Phrase Card
  • User Manual
  • USB Cable x1

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

SafePal S1 Specifications: Features

Safepal display review
Color ‎Variable (generally Black)
Wallet size‎11.2 x 9.6 x 3.2 cm; 124 Grams 
Batteries ‎1 Lithium Ion battery
Batteries Available‎Yes 
Lithium Battery Energy efficiency‎1.48 Watt Hours 
Lithium Battery Weight ‎0.7 Grams 
Number Of Lithium Ion Cells ‎1 
Wallet Weight‎124 g
Safepal Key Specifications

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

FeatureSafePal S1Ledger Nano S PlusTrezor One
Price$49$59$59
Supported cryptocurrenciesOver 1,000Over 5,000Over 1,500
Screen size2.42 inches128×32 pixels128×64 pixels
ConnectivityUSB-CUSB-CUSB-A
Operating system compatibilityWindows, Mac, Linux, iOS, AndroidWindows, Mac, Linux, AndroidWindows, Mac, Linux, Android
Backup and recovery24-word recovery phrase24-word recovery phrase12-word recovery seed
Security featuresEAL5+ certified secure element, fingerprint sensor, 2FAEAL5+ certified secure element, 2FAEAL5+ certified secure element, 2FA
Dimensions3.94 x 2.36 x 0.79 inches3.35 x 0.79 x 0.79 inches2.23 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?

safepal wallet

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

Amit C.

Safepal S1
The SafePal S1 hardware wallet is a secure and easy way to store, manage and trade your crypto assets. It is air-gapped, supports over 10,000 cryptocurrencies, and has a full-color screen and a long-lasting battery. It works with the SafePal app and costs only $49.99.
Security
Wallet Cost
Features
Supported Assets
Mobile Friendly

Summary

The SafePal S1 has a simple and user-friendly interface, making it easy for even beginners to use. It also has a built-in OLED display, which allows users to confirm transactions and check their balances.

4.6

SafePal s1 Review: FAQs

What is a Hardware Wallet?

A hardware wallet is a type of cryptocurrency wallet that stores the user’s private keys on a hardware device, such as a USB drive. These devices are offline, which makes them less vulnerable to hacking and theft.

They are considered most secure than software wallets. Devices are easy to use, connect to your computer, and manage your coins through the device’s interface. Popular hardware wallets include Safepal, Trezor, and Ledger.

Is SafePal S1 a safe and legit wallet?

SafePal S1 is a trustworthy and secure wallet that safeguards your crypto assets with the best security design and user-friendly functions. It is a wireless cold storage device that uses a disconnected signing mechanism and an EAL 5+ secure element to keep your private keys offline and secure.

Can SafePal S1 store NFTs?

Yes, SafePal S1 can store NFTs as well as other ERC20 tokens. You can use the SafePal app or extension to browse, buy, sell, and trade NFTs on various platforms such as OpenSea, Rarible, and Binance NFT. You can also view your NFT collection on the SafePal app or extension.

Does SafePal S1 have a self-destruct mechanism?

Yes, SafePal S1 has a self-destruct mechanism that will wipe out all the data on the device if someone tries to tamper with it or enter the wrong password multiple times. This feature ensures that your crypto assets are safe even if you lose your device or it gets stolen.

What is SafePal S1?

SafePal S1 is a hardware wallet that securely stores your crypto assets in the most simple and easy way. It is truly mobile-friendly, supporting major cryptocurrencies like Bitcoin, BNB, Ethereum, and all ERC20 tokens in one wallet.

It is fully air-gapped and 100% offline, which means it does not connect to any network or device. The wallet also has multiple layers of security sensors and an EAL 5+ independent secure element to protect your assets from hackers and thieves

Is SafePal hackable?

SafePal S1 is designed to be hack-proof. It does not have any USB port, Bluetooth, Wi-Fi, or NFC connection. It only communicates with the SafePal App via encrypted QR codes, which are immune to any remote attacks. It also has a self-destruct mechanism that will wipe out all data if someone tries to open or tamper with the device.

Can SafePal be trusted?

SafePal S1 is a trustworthy product that has been verified by many reputable organizations and experts. It is the first hardware wallet invested by Binance, the world’s leading cryptocurrency exchange.

It is also certified by ANSSI (the French National Cybersecurity Agency) and accredited by ioXt (the Internet of Secure Things Alliance).

Is SafePal owned by Binance?

No, SafePal is not owned by Binance. SafePal is an independent company that operates separately from Binance. However, SafePal has a strategic partnership with Binance and receives investment and support from them.

Who is the owner of SafePal?

The owner of SafePal is Bittech Group Limited, a company registered in Hong Kong. The founder and CEO of SafePal is Veronica Wong, a former senior product manager at Tencent. The team behind SafePal consists of experts from various fields such as cybersecurity, blockchain, hardware, software, and design.

Does SafePal need KYC?

No, SafePal does not need KYC (Know Your Customer) verification. You can use SafePal without providing any personal information or documents. You are the only one who has access to your private keys and funds.

What happens if I lose my SafePal S1 wallet?

If you lose your SafePal S1 wallet, you can still recover your assets using your mnemonic phrase (a set of 12 or 24 words that backup your wallet). You can import your mnemonic phrase into another SafePal device or any compatible wallet to restore your funds.

Can SafePal hold Bitcoin?

Yes, SafePal can hold Bitcoin and many other cryptocurrencies. SafePal supports over 50 blockchains and thousands of tokens, including BTC, ETH, BNB, USDT, DOGE, SHIB, ADA, DOT, SOL, and more.

What is SafePal x1?

SafePal X1 is a new product from SafePal. It is an open-source Bluetooth wallet that allows users to connect to their mobile app or browser extension without using a USB cable. It supports major cryptocurrencies such as Bitcoin, Ethereum, BNB, and all ERC20 tokens. It also enables users to access various decentralized applications, such as swapping, bridging, trading, and yield farming.

Amit Chahar

Amit Chahar

Hey! I am Amit Chahar, a Crypto and blockchain content creator at Wallet Reviewer. With 3+ years of experience as a SEO content writer, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

Want to hire me? Contact: hello@walletreviewer.com

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