SafePal S1 Review – Supported Coins, Price, Firmware Overview
Torsten Hartmann
The SafePal S1, a hardware wallet that has garnered attention in the crypto community, emerges as a an interesting contender in providing a secure and user-friendly platform for crypto enthusiasts.
In this SafePal S1 Review we explore the depths of its features, from being a light, portable, and air-gapped device to its ability to support a myriad of blockchains and cryptocurrencies. With a global user base, the SafePal S1 transcends boundaries, supporting 15 languages and being utilized by customers across 200+ countries and regions.
But what about the SafePal S1 supported coins? And how does its pricing stand against its competitors in the market? Join us as we unravel the layers of SafePal S1, providing you with a detailed exploration of its offerings, security protocols, and how it stands in the bustling world of cryptocurrency hardware wallets.
| Content | Details |
|---|---|
| 🔐 SafePal S1 Overview | A hardware wallet designed to facilitate various cryptocurrency transactions and secure digital assets, offering a blend of portability and robust security features. |
| 🛠️ Features | – 🔄 Cryptocurrency Management: Enables users to secure, send, buy, swap, and exchange cryptocurrencies. – 🌐 SafePal S1 Supported coins: Supports over 58 blockchains and unlimited cryptocurrencies. – 🔒 Robust Security: Includes an EAL 5+ secure element, a true random number generator, security sensors, and a self-destruct mechanism. – 🌐 Language and Trading Support: Offers support for 15 languages and features like SafePal Swap and Binance integration for spot trading. – 🌳 Wallet Structure: Utilizes a hierarchical deterministic (HD) wallet structure. |
| 🌎 Safepal S1 Supported Countries | Trusted by customers across 200+ countries and regions, offering extensive global support and availability. |
| 💸 Pricing | – 💵 Standard Price: The SafePal S1 is priced at $49.99, making it one of the most affordable hardware wallets available. – 📦 Package Options: Comes with a standard package that includes the device and a leather case, with additional bundles also available. |
What you'll learn 👉
SAFEPAL S1 OVERVIEW
Different features have existed but lately, there’s a unique one making the headlines: the SafePal S1.
Launched in January 2019 by Shenzen-based SafePal, a company backed by Binance Labs, the venture arm of crypto exchange Binance, The SafePal S1 is the first product released and it is a very great way to enter the relatively new cryptocurrency hardware wallet industry. SafePal is a company that produced both hardware and software wallets.
The crypto wallet itself looks like an old-school MP3 player or like an iPod. It has a 1.3-inch screen, a glossy black back, six physical buttons, and a camera. A major convenient feature it has is the USB cable through which it charges and it also comes with a matching app.
SAFEPAL S1 PRICING
SafePal S1 costs a measly $49.99 which makes it the cheapest hardware wallet on the market.
SAFEPAL WALLET PROJECT REVIEW: 1ST TOKENIZED CRYPTO HARDWARE WALLET
SafePal S1 is the perfect device for users because of its light, portable air-gapped, on-the-go features. two pressing issues- having an affordable hardware wallet solution and also gaining access to the latest crypto industry offerings have been answered by the hardware wallet. SafePal is also fully compatible with more than 1,000 DeFi solutions like Aave, Uniswap, Sushiswap, and Curve. DeFi represents a decentralized solution to finance therefore many of the participants want access to decentralized wallet solutions to protect their assets while being able to securely participate.
One of its interesting features is the self-destruct mechanism that can be activated if the device’s internal sensors detect any virus, malicious attacks, or malware attack.
NFT
There is a boom in the NFT segment of the crypto industry causing artists and collectors to search for a safe decentralized haven for their NFT assets. As one of the most NFT compatible hardware wallets in the industry, the SafePal S1 supports NFT platforms like Openseas, Rarible, and Sandbox, SafePal wallet can store ERC721, ERC1155, and BSC NFTs. SafePal will keep catering to the NFT segment with secure and convenient storage solutions.
Read also:
- Ledger Nano X Review
- Trezor One vs. Ledger Nano S vs. KeepKey
- Trezor Review
- TREZOR T Review
- BC Vault Review
- Cryptocurrencies Supported by Trezor Hardware Wallet
- Which Cryptocurrencies Does Ledger Nano S Support?
- CoolWallet S Review
- Best Hardware Wallets for DeFi
- What happens if you lose or damage your hardware wallet?
- Archos Safe-T Mini Review
- KeepKey Wallet Review
- Ellipal Titan Review
Is SafePal S1 secure?
The SafePal S1 hardware wallet ensures the protection of cryptocurrency assets through its numerous potent security features, which include:
- Distinct Security Component: Utilizing a dual-chip architecture, SafePal S1 distinctly separates security-related logic from the general business logic within the device. It houses an independent security element dedicated to safeguarding private keys and authorizing all outgoing payments.
- Multiple Sensors: The wallet is equipped with various sensors capable of identifying different types of attacks, including non-intrusive, semi-intrusive, and intrusive attacks. If an attack is detected, the security element initiates a self-destruct sequence, erasing all security data and thwarting attackers from accessing the private key.
- Firmware Authentication: SafePal S1 features a firmware verification program that validates the authenticity of each firmware upload. The device operates exclusively on official firmware available via the SafePal official website, providing warnings if any malicious firmware is detected.
- PIN Code Validation: A PIN code verification is mandated for firmware upgrades or initial asset information viewing after each startup. SafePal supports only firmware upgrades, not downgrades, to shield against potential attacks exploiting lower versions.
- Secure Application: Communication between the SafePal App and SafePal S1 wallet is encrypted. Only a paired SafePal S1 wallet and SafePal App can interact. Additionally, the SafePal App incorporates a security password feature.
- EAL 5+ Secure Element: The SafePal S1 integrates an EAL 5+ independent secure element, a genuine random number generator, and several security sensor layers to safeguard cryptocurrency assets.
CLOSING THOUGHTS
The continued growth in the crypto industry will create an increased need for an accessible, affordable, and highly secured hardware wallet. SafePal is supported by Binance, and they complement each other in driving greater crypto adoption. Integration of the Binance Dex, as well as Binance Spot Trading directly into the SafePal App, allows hardware wallet users to conveniently trade their crypto assets.
Keep in mind that Safepal produces both hardware and software wallets.
FAQS
