SafePal Hardware Wallet Cold Storage Review 2021
Safepal S1 overview
The SafePal is a relatively new entrant to the hardware wallet scene, and it’s certainly a unique one. Backed by the likes of Binance Labs, Trust Wallet, and the Litecoin Foundation, the SafePal is an affordable and portable cold storage option.
The device is reminiscent of an MP3 player. The D-pad below its color screen is used to navigate the various menus, and a camera is used to scan QR codes when signing transactions. It has no wired connection (other than that used to charge the battery and to receive updates). The SafePal is almost air-gapped — after updates, its only communication with the outside world is via the information displayed on the screen.
Since the device is almost never plugged into an internet-connected machine, many attack vectors are eliminated. This does come at the cost of usability, though, as the process of spending funds is somewhat clunky. Users pair the wallet with a smartphone app and relay information between the two via QR codes.
That said, the SafePal’s smartphone compatibility and lack of cables make it portable and convenient to use on the go. Like most (if not all) hardware wallets nowadays, the device requires that a PIN code is entered. Users can choose whether to generate a 12-word seed, or a 24-word one.
CLICK HERE TO GET THE SAFEPAL S1 WALLET FOR ONLY $39.99
What’s in the box?
- SafePal S1
- USB-A to Micro-USB cable
- Three recovery sheets
- Stickers
- Quick start guide
- Cleaning cloth
CLICK HERE TO GET THE SAFEPAL S1 WALLET FOR ONLY $39.99
SafePal S1 pros and cons
Pros
- Supports 1000+ assets
- The device is wiped if physically tampered with.
- Affordable price
- Wireless
- Decrypt rating: 4/5 stars
- Price: $39
- Supported cryptocurrencies: Bitcoin, Ethereum, Binance Coin and ERC-20 tokens
- Ease of use: Very straightforward to set up and use
- Security: A good level of security, with appropriate warnings
- Aesthetic: Stylish wallet with a clear screen but a dodgy keyboard
Cons
- Feels fragile
- Not completely air-gapped (needs to be plugged into computer for firmware upgrades)
- Cumbersome to transact
Affiliate Disclaimer: This description contains affiliate links. If you decide to purchase a product through one of them, I receive a small commission at no cost to you.
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