It is no secret how hardware wallets are making moves in the crypto space. However, Safepal has carved a different niche by giving users a relatively optimal blend of security, convenience, and open-source transparency. This move has been made possible by introducing SafePal X1, a new Bluetooth hardware wallet.
So, what exactly is SafePal X1, and how is it different from other hardware wallets? We look at its features in this article so you can decide if it’s an optimum wallet for your crypto.
About SafePal
SafePal, founded in 2018, is a comprehensive wallet suite providing hardware wallet, mobile app, and browser extension wallet solutions concurrently. It is a non-custodial wallet suite that allows users to access the decentralized world more securely.
Major industry players like Binance Labs, Animoca Brands, and Superscript back the platform. It also has different crypto asset management solutions, including cross-chain swapping, trading, and yielding.
SFP, a decentralized BEP-20 and ERC-20 utility token, powers it. The token can also be used to buy SafePal products.
SafePal X1
SafePal X1 is the second addition to SafePal’s hardware wallet arsenal after the SafePal S1 and S1 Pro, introducing open-sourcing to the trendy wallet suite.
Pros
- Offers open-source transparency
- Bluetooth connectivity
- Compatibility with mobile devices
- Sleek and intuitive design
- Advanced security features
Cons
- Battery capacity concerns
- Dependence on Bluetooth
Key Features
Security
In its different creations, SafePal has ensured that security is a priority. This is no different from their recent development. The SafePal X1 wallet has an anti-tampering feature as well as a self-erasing mechanism. The wallet also comes with the CC EAL5+ secure element chip, audited by Keylabs.
The wallet gives users an accessible and secure cold storage option with SafePal X1. With SafePal, you get a note offering advice on double-checking addresses, memos, and networks. This may help you to reduce any errors that may occur. You also get a guide emphasizing small test transactions before transacting large amounts.
When transacting, you must insert a PIN code for the X1 device to securely confirm and sign the transaction signature.
Compatibility
SafePal X1 can support over 100 blockchains and unlimited tokens with them. You can add or remove tokens as you like and onboard new token standards through firmware upgrades.
With support of over 10 languages, SafePal X1 can work with iOS, Android, Windows, and even MacOS.
Bluetooth Connectivity
SafePal X1’s hallmark feature is Bluetooth connectivity, which helps you sign transactions faster. With it, you can easily manage your assets wirelessly. To use this feature, set up a secure connection and confirm transactions through Bluetooth.
Your private key will, however, remain isolated in the hardware wallet.
In the SafePal S1, you have to first scan a QR code on your phone with the hardware wallet and then scan another QR code on the gadget using your phone to sign a transaction. While it may seem more secure, it may waste precious time when sending the transaction is urgent.
Battery Capacity, Design, and User Experience
The wallet is designed with a 1.8’ single color screen with a 128*64 resolution, housed in an ABS+PVC material. It has three levels of backlight adjustment on the screen for different usage scenarios.
The wallet maintains a minimalistic style and is more compact, portable, and lightweight. You can store it in their pockets, offering users a hassle-free experience.
SafePal X1 has an integrated 128mAh battery with a USB-type C connection for charging. The secure element includes an EAL 5+ certification from an unknown manufacturer.
Compared to its SafePal counterparts, there is a concern about its battery capacity, with users arguing that it might be too small when you intend to use it for an extended time. Because of the mobile nature of the wallet, some users would prefer to carry the wallet around as many may travel frequently. The capacity of the battery may disadvantage many in this category.
The minimalist nature of the wallet, added to its screen capacity, makes it easier for any user to operate the hardware wallet. This is an added advantage in that it has 12 buttons plus a D-pad, ensuring a smooth user experience.
The wallet is cheaper than its counterparts, only $69.99 (excluding shipping fee).
Final Thoughts
If you are looking for an intuitive design and user experience that focuses on security and employs an open-source approach, SafePal X1 may be your go-to wallet. While concerns about its battery capacity and the security of the Bluetooth connectivities have been raised, the overall user experience makes it an attractive option for any crypto user.
As the crypto space grows, creating various wallets committed to transparency, innovation, and security provides a promising choice for users.