Pros
- Supports over 48 blockchains.
- Constantly updated every two to three weeks.
- SafePal is operating in 196 countries and counting.
- SafePal has over 6 million users
- Supports all the top 10 cryptocurrencies
- Extremely affordable
Cons
- Shipping can take a longer time than shown on the order.
The cryptocurrency landscape is a risky one since at every turn you risk getting robbed and scammed. Wallet providers have been competing at providing the safest wallets in the space, however, the rush to add more features have left the hardware wallets unpurchaseable due to high price.
SafePal, however, is changing the game. On top of a partnership with Binance, SafePal has managed to reduce the price of their hardware wallet to less than $65. Here is everything you need to know about SafePal.
What is SafePal?
SafePal is a hardware wallet that also owns a mobile wallet and a browser extension wallet. SafePal is one of the most developed hardware wallets in the space and has gone as far as being the only wallet to secure a partnership with Binance.
SafePal was developed in January 2018 by Veronica Wong and two other co-founders. With this wallet, you have fully functional secure crypto management software in your hands.
Located in Singapore, the SafePal team has managed to partner with most leading blockchains, including Klatyn, Polkadot, and Cosmos.
SafePal Wallet Products and Services
SafePal has a range of products and services that they have developed to make sure that both advanced users and newbies get the most out of their wallets. Here are some of the features.
SafePal App
The SafePal app is one of the most comprehensive crypto wallets that was designed to help you invest and store your cryptocurrencies. With the wallet, you can manage over 10,000 cryptocurrencies and also collect a wide range of NFTs across different blockchains.
The wallet also allows you to buy, send and receive cryptocurrency through the app using a range of payment methods, including Cards.
You can also exchange cryptocurrencies right inside the mobile app. The exchange features allow you to swap and spot without leaving the app. SafePal is the only hardware wallet supported by Binance Connect. With this integration, you can spot trade, and swap assets cross-chain or even bridge tokens at the comfort of your wallet.
You can also analyze charts on the SafePal mobile wallet while also having the capability to stake and earn on your assets. There is no need for third-party apps. SafePal has its own yield aggregator that does not requires gas fees. It also auto-compounds interest, maximizing your profit on your investment.
SafePal Extension
SafePal can also be accessed on the browser. Even though the mobile app is great, some users just want the freedom of a large screen and the convenience of a fast PC. All the capabilities of the mobile wallet have been combined into the SafePalbrowser wallet. You can send and receive crypto easily while managing your tokens and NFTs like a pro with only a few clicks of the mouse.
The extension has an in-built Swap feature and bridges to move assets across over the 48 supported blockchains.
To manage your DeFi footprint, the extension has a feature to track all your recently used decentralized apps. You can now keep a record of where you passed.
Hardware Wallet
Safepal is famous for its hardware wallet – the SafePal S1 Wallet. The wallet contains all the features of the mobile app with a layer of added security. It is virtually impossible to hack the wallet. To move funds, the mobile app and the hardware wallet must be in the same physical space.
This makes it impossible for attackers to crack your wallet if it is stored somewhere safe away from your physical person. SafePal S1 is the first hardware wallet invested in by Binance
With the S1 hardware wallet, you can enjoy unlimited DApps from the comfort of your secure wallet. There is no KYC required to operate an S1 wallet. On top of that, it supports over 15 languages and 48+ blockchains.
The S1 hardware wallet gives you the ability to become your own bank. The wallet uses the EAL 5+ independent secure element with a true random number generator. It also has an in-built self-destruct mechanism if anyone tries to physically tamper with it. There is a 1- year warranty on the product and there is free shipping if you purchase 2 units.
The S1 hardware wallet is 100% offline – it does not need Bluetooth, or WiFi, and does not need Near Field Communication (NFC) technology or USB connections. Because of their regular firmware upgrade, you can on-board new tokens to the hardware wallet. This lets you hold any type of token, so long as the blockchain it’s on is supported.
The hardware wallet is charged using a type-C USB cable and the 400mAh battery could endure 20 days after a full charge (if used 10 minutes a day).
Get a Safepal S1 Hardware Wallet Today!
Cypher Seed Board
A Cypher board is a tool to help you store your seed phrase. The Cypher is built in a way that only you know how to use it. It prevents anyone from knowing the seed phrase, even if you leave it lying around anywhere.
The SafePal Cypher Seed Board is made of 304-grade stainless steel that is resistant to corrosion by water, salt, and acid. It is also fireproof since it has a high melting point of 1398 degrees Celsius. In comparison, house fire temperatures can go up to 815 degrees Celsius.
It is compatible with any hardware or software BIP39 wallet, which means you can protect your 12, 18, or 24 seed phrase wallet.
Get a SafePal Cypher Seed Board Today!
Leather Case
If you like walking around with your wallet or you’re a busy person on-chain, then you will need the SafePal Leather Case. It is made of premium quality PU leather and has an invisible reinforced magnetic buckle.
Above all, it is light and compact and can easily fit into your handbag shirt pocket, or even your jeans pocket. You can use it for storing other items as well, such as credit cards, and identification cards.
With the SafePal leather wallet, say goodbye to damages from water and scratches
Get the SafePal Leather Case Today!
Conclusion
As a crypto investor, you really cannot put a price on security. Due to this wallet developing companies have taken advantage and raised the premium on hardware wallets while providing sham service. SafePal has brought a new era of hardware wallet services. With 24/7 community service and the beast of a wallet with endless functionalities, it is only a matter of time until SafePal becomes the leading voice when it comes to hardware wallets.
Vincent Munene is a freelance writer and a great blockchain enthusiast. Blockchain has changed his life in terms of financial freedom and in return, he likes to educate people and keep them up to date on everything blockchain. He is a Biochemist by profession and also loves to play the piano.
