SafePal S1 Review – Supported Coins, Price, Firmware Overview
SAFEPAL S1 OVERVIEW
The search for the ultimate user-friendly and secure crypto hardware wallet continues. Different products have come and gone. 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 $39.99 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.
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.
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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.
- The SafePal S-1 is arguably the best hardware wallet available in the industry thanks to a military-grade security standard EAL 5+. Fully integrated with Binance, you can manage unlimited tokens and coins offline via a transaction signature system.
- The absence of connectivity channels like Bluetooth, Wifi, USB, or NFC connectivity makes it unassailable by hackers and malicious attacks.
- The SafePal S-1 has unlimited storage capacity and makes it possible for you to manage 19 different blockchains and over 10,000 different tokens.
- It is highly portable and compact
- It is possible to Manage your SafePal directly from mobile devices and trade funds thanks to Binance’s decentralized exchange.
- Considering both ease of use and security, The SafePal S-1 is beyond doubt the best hardware wallet ever made.
- One of the few cons of the SafePal S1 is the activation process which can be quite laborious and not beginner-friendly
- Transferring crypto is quite complicated
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