Discover what the internet is saying about SafePal.

Safepal Review

Yay or nay?

Upgraded Reviews scanned the web to find out what real users are saying about SafePal.

See the highlights below and decide for yourself!

Pros and Cons

Table of contents

✅ Pros

The hardware is tamper-proof and embraces stringent security measures.
Review Pros
This device is 100% completely offline.
It supports 1000+ assets.
There are no wireless interfaces for communication.
One of its interesting features is its self-destruct mechanism which is activated if the device’s internal sensors detect any virus or malware attack.
It has a good level of security with appropriate warnings.
The hardware wallet supports a wide range of both cryptocurrencies and tokens.
It is a very affordable option.
The SafePal S1 is a very secure hardware wallet which is 100% offline and uses several different security features in order to protect it from being breached.
It has the ability to store over 1000 types of assets.
It integrates with Binance.
It has a companion app for Android and iOS, where you manage your assets.
SafePal S1 hardware wallet has a key deletion tool. This enables you to add and delete cryptos and tokens with ease.
For those who opt-out of the cold-wallet, the app will create more than one wallet; that way, you can have a cold and a hot wallet.
It is easy and simple to use.
Safepal S1 offers mobile app for iOS and Android platform so that users can access and manage funds on the go.
The fact that the wallet supports a plethora of tokens and coins makes it more useful.
There is ahe ability to store over 1000 types of assets.
The device is wiped if physically tampered with.
The Hardware Wallet is a great security layer.
The wallet supports 19 blockchains.
SafePal S1 is cheaper than most other crypto hardware wallets.
If you wish for something stronger than two-factor authentication to protect your accounts, you will like this wallet.
The HODL crowd will love SafePal and the app will let you have the fun part of crypto trading, which is watching prices go up.
You can interact with the dAPPS directly from within the app.
It is easy to carry.
It features several sensors and tech to detect forced entry and automatically trigger remote wipe operation.
Trading using the built-in Binance spot trading feature allows users to fine-tune their trades even more, using the stop/limit orders.
SafePal supports multiple currencies mainly Bitcoin, Binance Coin, BEP2 Tokens, ERC-20 compatible coins, and Ethereum.
The SafePal app is modern and easy-to-use from my experience.
The SafePal Wallet supports over 20 blockchains under which also Binance Smart Chain (BSC) and well over 10.000 tokens.
It is afforadble.
A self-destruct mechanism makes sure your device is wiped clean when anyone tries to open it physically or by having too many failed attempts for opening it, leaving potential hackers empty-handed.
It is a stylish wallet with a clear screen.
It is air-gapped.
It does not require any wires.
SafePal Leather Protective Case is a water-proof, anti-drop and scratch-proof leather case.
SafePal is very safe as it stores all your private keys offline in a tamper-proof secure element.
The tin-foil hat crowd will like that they can charge the SafePal with a USB battery and keep it air-gapped from electronics.
It has low price.
It features the largest and most liquid crypto exchange.
Supported cryptocurrencies include Bitcoin, Ethereum, Binance Coin and ERC-20 tokens.
Embedded with financial grade EAL5+ crypto chip, S1 keeps your private key in top security.
The SafePal S1 supports most of the popular cryptocurrency assets and ERC20 tokens.
They were pretty quick getting back to me and provided some useful information, so I would give their support a good rating overall.
The wallet uses a bank-grade CC EAL5+ Certified SE to securely store the secrets.
You can trade directly on Binance DEX from the SafePal hardware wallet app.
The device makes use of a true random number generator, making sure generated keys are genuinely random.
The SafePal supports 15 different chains as well as on-chain tokens.
The wallet is quite tech-savvy and has the look of a smartphone making it quite trendy for today’s market.
EAL5+ secure element technology makes sure your device and private keys stay safe.
The SafePal Cypher is 100% offline and makes for easy installation and usage.
You can just use your seed phrase to get your access back.
The wallet comes in a pretty sexy box that would please the Beats-headphones crowd.
It is very straightforward to set up and use.
All transactions have to be verified through QR code authentication which secures your transactions and receipt of funds.
The device will activate self-destroy and key-erasing mechanism, preventing anyone from stealing your money.

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❌ Cons

It has a complex process of sending transactions.
There is a lack of company information.
One may consider the wallet’s activation process quite laborious and not beginner-friendly.
I found the setup process extremely difficult and not user-friendly at all.
It has small screen.
It comes with a dodgy keyboard.
It is cumbersome to transact.
It comes with an unremovable battery.
SafePal does compromise on its build quality.
There is still a need to occasionally connect to a PC to update the firmware.
Most complaints among users, especially on TrustPilot, centres on delayed order or not receiving their order at all.
As of now, the vault does not support some trending cryptocurrencies like Litecoin, Monero, TRON, EOS etc.
It is not user-friendly.
If you get frustrated when Twitter makes you enter a four-digit code when you sign in on a new device, you’re probably not gonna like this.
The device is fragile.
Presently, it does not support some trending cryptocurrencies like Litecoin, Monero, TRON, EOS.
It only supports Bitcoin, Ether (and ERC-20 Tokens), BNB, Litecoin, Dash, and Bitcoin Cash.
It maintains a rather complicated crypto transfer process.
It feels fragile.
This is not for short time holders/day traders / or someone who does daily crypto transactions.
It is not completely air-gapped.
USB, bluetooth, WiFi, NFC are not available in the Safepal S1 Wallet.

⚖️ Final Say

Read the summaries of what reviewers think about SafePal below.

Review Summaries
SafePal, since being backed by Binance which is a Million Dollar company, wants its product to have security and quality to its traders/customers who using such wallets. And the main purpose of a Hardware wallet is to protect it from hackers for holding your crypto assets for a long time holding. This is not for short time holders/day traders / or someone who does daily crypto transactions. But If you want security, then this is it.
Overall, this is a pretty solid introductory hardware wallet. It’s unique from it’s direct competitors and its simple and easy to use.
Overall, SafePal can be nominated as one of the best crypto-friendly wallets for Bitcoin and Ethereum users. It is a budget-friendly wallet especially for retail investors and new users who want to enter the crypto market and is looking for an affordable and safe place to store their Bitcoins and Ethereum. You can safely transfer and store your coins from the exchange market into your wallet.
SafePal S1 wallet holds a special place in the line of hardware wallets and is a great product for those users who are taking their first steps towards cold storage of their crypto assets.
The Binance Labs-backed SafePal S1 is easy to use and has a great screen but the keyboard lets it down.
The SafePal crypto hardware wallet isn’t very good. With poor design and a lack of thought on the user experience, I can’t find any reasons why you should use this wallet when there are considerably better options on the market like the Ellipal Titan or Ledger Nano X. I’m sorry to disappoint, but honestly, it saves you greater disappointment than if you spent money on it as I did.
SafePal provides efficient and highly secured hardware and software wallets for crypto investors and traders alike. These wallets are incorporated into the SafePal App, a one-stop solution, allowing users to store, manage, and easily trade their crypto assets.
This is a great product for users taking the first steps in transitioning from a hot or custodial wallet. For those that don’t plan on frequently transacting, it’s a good portable solution that involves no cables.
Overall, SafePal offers users a user-friendly UI coupled with safety features and countless possibilities to earn, send and receive tokens. SafePal has integrated seamless features allowing user to buy trade crypto and interact with dAPPS. The benefits the $SFP token brings, grants them a kudos from me; good job SafePal.
SafePal is a hardware wallet dedicated to providing a secure and user-friendly crypto management platform for the masses. Safely and conveniently secure, plus growing their crypto assets. Furthermore, It is invested and backed by Binance.
Security is a matter of personal comfort, ritual and theater. Like a lot of things in finance, it’s a matter of how much you like to sleep at night. And for that reason, we will keep the SafePal until our PundiX Lambo gets here.
If you’re new to the crypto space and looking for something cheap to start your journey, the Binance-backed SafePal S1 may just be the right hardware wallet for you. But SafePal does compromise on its build quality.
SafePal S1 is a safe hardware wallet. It has embraced several highly effective security and privacy measures to safeguard the integrity of the device and private keys held therein.

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