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Product Expert Review Safepal S1 2023 Hardware Wallet
Safepal S1 is an Air-Gapped crypto hardware wallet for securely store digital assets. Isolated from external connections and 100% offlie and cold, Backed by BINANCE
- Air Gapped Technology
- Compatible with Android , IOS
- Colored Screen Display
- Inside 400mAh Battery
- 5MP Built-in Camera
- Does not Support Windows, Mac
SAFEPAL S1
SafePal S1 hardware crypto wallet was introduced to the crypto community in 2019. And though it’s relatively new, SafePal is a highly innovative wallet that seeks to provide crypto users with a “Secure, Simple, and Enjoyable crypto management solution.” The wallet has the backing of prominent crypto industry players like Binance Exchange. It has also integrated a host of operational and security features to help it achieve this goal.
the wallet IS developed by a group of software, cybersecurity, and hardware experts, with the blessings of Binance. And one of its approaches to solving the constant challenges faced by other crypto hardware wallets is making it a 100% cold storage wallet.
what is Safepal S1 ?
The SafePal S1 is a cryptocurrency hardware wallet with some of the most impressive features on the market. This device stores your private keys, which are generated with an offline computer to ensure their safety. The wallet also supports more than 500 coins and tokens – making it one of the most versatile wallets available today.
SafePal is your gateway to the rapidly expanding galaxy of decentralized applications. SAFEPAL support and cross-chain compatibility make it easy to do everything from buying and selling NFTs to blockchain gaming to liquidity mining, all from the safety of your crypto wallet.
Safepal S1 overview
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.
The greatest downside to the SafePal is that it feels quite fragile. But then again, it’s one of the cheapest hardware wallets available.
User-friendly
We're leading the charge for better crypto UX. Our wallets are fast, intuitive to use, and all managed from one easy app.
Your keys, your crypto
Safety is our top concern. Your private keys never leave your non-custodial wallet so no one else has access to them, ever. That includes us.
Cross-platform
SafePal Wallet is available as a software mobile wallet on iOS, Google Play and Android, and most recently as an extension for Chrome, Firefox, and Microsoft Edge.
SAFEPAL S1 Key features
- High-resolution screen: Above all, SafePal S1 hardware wallet has a sleek design . it takes the shape of an MP3 player. It features a relatively wide and high-resolution color screen and a D-pad controller that you use to navigate the wallet. It also features a camera whose key role is scanning QR codes for other wallets and exchanges.
- Mobile app compatible: SafePal hardware wallet developers have also come up with the SafePal wallet app that you can use to manage your crypto balance and facilitate crypto exchanges.
- Monitor crypto portfolio: The SafePal mobile wallet app features the balance and activity tabs that you can use to monitor your crypto portfolio in real-time. For instance, the activity tab outlines your crypto transaction history (inflows and outflows) and, in turn, helps shape your crypto budget.
- Integrated exchange: One of SafePal’s key partners is Binance – the largest crypto exchange in the world. And this partly explains why SafePal Wallet mobile app features BinanceDEX that SafePal users can use to trade and exchange different cryptos and exchanges.
- Send crypto via social media: SafePal’s innovativeness is best highlighted by the wallet user’s ability to send crypto via the different social media networks. A SafePal wallet user can, for instance, send altcoins and tokens to an individual (regardless of whether they have a SafePal wallet or not) via social media.
Earn crypto every day.
Increase your passive income with unique programs designed to help you earn rewards and accelerate your APY.
Community-powered
Safepal turns feedback into tangible improvement, working tirelessly to build updates and products that serve our users' needs.
Effortless trading.
React to market changes and swap between hundreds of assets instantly using our in-app integration with trading mini-programs.
DeFi, demystified
Safepal S1 is taking the decentralized world mainstream with innovative wallet solutions that simplify crypto onboarding . and even make it fun.
SAFEPAL S1 Security features
Pin code: SafePal hardware wallet is secured with a PIN code that you set when creating a user account. It is also fitted with the number randomization tool that helps you avoid key loggers and other spying tools.
Password + pattern for the app: The SafePal mobile wallet app, on the other hand, is secured with a password or a pattern.
Recovery seed: SafePal will also present you with a backup and recovery seed for your wallet and private keys. When creating a user account on the platform, you will be presented with either 12 or 24 random phrases . that form your wallet’s recovery seed. certainly write them down and save them offline.
Secure element: The SafePal hardware wallet is also fitted with a hack-proof EAL5+ secure element . To clarify, this is a global finance industry-grade crypto chip that stores your private keys.
Two-factor authentication: All crypto transactions initiated via the SafePal mobile app must be signed and authenticated using the hardware device.
Key-deletion tool: SafePal S1 wallet features a key deletion tool that allows you to add and delete cryptos and tokens with ease.
Tamper-proof: The hardware wallet’s package features two tamper-proof seals, and so does its secure element. In the case of a suspected cyber hack or if someone tried to tamper with its secure element . the key deletion and self-destruct features will be triggered.
Offline cold storage: In conclusion, SafePal S1 hardware device is a 100% offline vault . it connects to your phone or computer via a USB cable. In addition, it doesn’t maintain wireless (Wi-Fi, Bluetooth, or otherwise) connections with internet-connected devices.
NFT
Certainly 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. In other words, SafePal will keep catering to the NFT segment with secure and convenient storage solutions.
CoolWallet S incradible view
Unboxing: What’s inside?
The device comes with the standard starter manual a USB cable cord, brand stickers, and mnemonic cards . Therefore, you can safely store your mnemonic seed codes and private keys. The color screen is large in size so that you can view all your wallet details properly.
Physical Attributes of Safepal S1
Above all, SafePal S1 is slim and long giving it an edgy look . it is quite handy just the size of a small mobile phone. An important feature is a small camera . just like one in a mobile device on the back of the wallet specifically made for scanning QR codes.
The body is made of plastic and is light and easy to handle. The back of the wallet has a black matt finish giving it a sleek look. The directional pad or D-Pad comes with OK buttons and is extremely easy to handle just like a gaming device.
One of the drawbacks of the screen is that it is not completely smudge-proof . but worry not, SafePal provides you a smudge-proof cleaning cloth to clean the surface of the screen.
Safepal S1 is SIMPLE
Not just store and send…there are more
By pairing the S1 with the SafePal App, you will be able to unlock powerful features. such as token swap, decentralized exchange and dapps login. Don’t forget to make sure that your mobile device is Android 5.0(and above) or iOS 10.0(and above).
Secure and manage unlimited currencies in ONE device
SafePal has integrated with 48 Blockchians and unlimited currencies. You are able to store and manage unlimited currencies all in one device. No need to decide which one to cut-off again.
Seed phrase recovery-We’ve always got your back
SafePal S1 supports BIP39/44 seed phrase recovery. Even if your S1 is damaged or lost, you can always recover your fund with the mnemonic phrase. Don’t worry. We’ve got your back.
What our customers say
Safepal S1 supported coins
The S1 manages 23 different cryptocurrencies. It also supports Solana . an up-and-coming cryptocurrency that few hardware wallets currently support. If the mobile app doesn’t recognize a particular token, you can enter its contract address.
The coins supported by the mobile app include Bitcoin, Ethereum, Binance BEP-2 and BEP-20, Solana, Bitcoin Cash, DASH, DigiByte, Dogecoin, Polkadot, EOS, Ethereum Classic, NEO/GAS, Kusama, Litecoin, MATIC (Polygon network), ONE, Qtum, Theta/TFUEL, TRON, VeChain/VTHO, Stellar, XRP, and Zcash.
SafePal offers its cryptocurrency, SAFEPAL (SFP), on Binance’s Smart Chain. Bagholders are eligible for discounts, participation in yield farms, and governance voting. You can learn more here.
SafePal Token (SFP)
In January 2021, SafePal introduced the utility token SFP to the SafePal ecosystem. SFP is a decentralized token that is based on the Binance Smart Chain (BSC). So far SafePal has issued about 500,000,000 limited SFP tokens. SFP can be used in several different ways, including:
- Firstly to pay fees:
Users can pay fees with the SFP and get discounts on SafePal products such as the SafePal hardware wallets and SafePal Swap. - Secondly for staking rewards:
You can stake SFP tokens to qualify for rewards from the SafePal Earn program. To stake means to hold funds in a cryptocurrency wallet. - Thirdly to receive bonus & airdrops:
Holding the SFP token gives you the privilege to receive special coupons and collectibles from SafePal and its partners. - fourthly in community governance:
SFP token holders can vote on new features and initiate proposals such as including new blockchains on the SafePal products.
Set up is pretty straightforward. After you download and open the SafePal App, you have two options to choose from— software wallets and hardware wallets. You can only pair hardware wallets. You can create a new wallet for the software wallets if you are a new user or import the old one.
Above all, New users can create a software wallet by tapping on the “Software Wallet” tab. This would lead you to the welcome screen. Then you press the “Next” button. You will be automatically asked to set a security password for your SafePal software wallet.
In addition, like other platforms, you would need to input at least 8 alphanumeric characters to create your password. You can add your fingerprint to it and create a pattern password as an extra layer of protection.
Safepal S1 is POWERFUL
Great design makes cryto easier
SafePal S1 is built with a 1.3’ high-resolution screen . an intuitive D-pad and a high-quality camera. All asset details are displayed in the simplest way.
Manage crypto anytime, anywhere
With the size of a credit card, SafePal S1 is tiny and slim. You can carry around with it and manage crypto anytime, anywhere. No laptop or tablet needed anymore!
Send crypto with a simple scan
It takes just a few steps to send crypto with a simple scan. No waiting, no pending. It has never been easier!
5 reasons why SafePal S1 is secure
A cryptocurrency wallet plays a critical role in the protection of crypto assets. Currently there are hundreds of cryptocurrency wallets on the market with different designs, functions, and characteristics. Before choosing the most suitable wallet, customers should always put security in the first place when evaluating all purchasing strategies. Walletbaz unveils the competitive security features of SafePal S1 hardware wallet, and provides practical tips for keeping your assets safe.
1. True random number generator
* What is it?
A random number generator (RNG) is a device that generates a sequence of numbers or symbols . they cannot be reasonably predicted better than by a random chance. Random number generators can be true hardware random-number generators (HRNG) . which generate genuinely random numbers, or pseudo-random number generators (PRNG) .
To put it in an explicit way, a random number generator(RNG) is a device to create a random number. The main difference between (TRNGs) and (PRNGs) is that TRNGs use an unpredictable physical means to generate numbers . Further, PRNGs use mathematical algorithms (completely computer-generated).
The randomness level of a true hardware random number generator(TRNG) is higher than a pseudo random number generator(PRNG) . Certainly in our daily life, the RUG embedded within most of the cellphones, tablets, and PCs is PRNG.
* Why does it matter?
Above all, RNG is an important technology used to create a private key in cryptography. In Bitcoin, a private key is a 256-bit number. This list of numbers controls the ownership of your bitcoin account. The more random it is, the more secure it will be. Per mentioned, The randomness level of a TRNG is higher than a PRNG.
When you need to create a new wallet on a cryptocurrency wallet . having a TRNG inside the wallet meaning your private key is inherently more random and unique . than the ones created on cellphones or PC.
SafePal S1 is embedded with a TRNG qualified with both the AIS31 standard from the Germany BSI . also the FIPS PUB 140–2 standard from the U.S. government computer security standard, the two most well-known standards of encryption and information security. Both AIS31 and FIPS PUB 140–2 standards have utilized more advanced and strict testing criteria . to test upon the quality of random number generator instead of regular randomness examinations.
2. Financial grade EAL5+ secure element
* What is it?
SafePal S1 adopts a dual-chip architect . separating sensitive security logic from general business logic inside the product. Inside SafePal S1 there is embedded with an independent security element . whose purpose is to solely protect the safety of private keys and sign every ‘sending out’ payments.
* Why does it matter?
Opposite to dual-chip architect, some cryptocurrency wallets are using singular-chip architect . managing the general logic(such as push button, display and etc) and security logic all together on a single general chip.
This measure is cost-productive and easier to implement . yet the security level is worrying. Continuous hacking cases on singular-chip wallets like Keepke . Trezor have been happening, drawing growing attention to wallet security. Though hardware wallet is normally offline already . it is also important to keep the private key isolated and secure from within . in case to prevent security breach inside the device.
3. Multiple layers of security sensors
* What is it?
Security sensors are the components mounted around the secure element, detecting every abnormal act from the external environment. SafePal is embedded with at least 7 layers of security sensors including a light sensor, frequency sensor, temperature sensors, and others. Each sensor is allergic to a different type of external attack.
* Why does it matter?
Though a hardware wallet is inherently isolated from the internet . disabling most of the remote attack techniques . it is still important to keep it immune and protected from other types of attacks . such as short distance attack or penetration attack. In addition, By building-in the multiple sensors around the secure element, the device will be sensitive to various attacks .
4. Self-erasing mechanism
* What is it?
Per mentioned in item 3, inside SafePal S1 there lays multiple layers of security sensors. On SafePal S1, once if there is an abnormal attack detected, the sensor will trigger the self-erasing mechanism inside the secure element, wiping the private key off the device, keeping the hacker from getting a hand on the precious key.
* Why does it matter?
This measure can protect users’ assets from short distance attacks or penetration attacks. In the case of the device missing, you can still rest assured about the security of your assets. In the case of self-destroy or accidentally triggering the mechanism, users can still restore their crypto assets via SafePal recovery mechanism. By inputting the correct mnemonic phrase, the wallet account can be recovered anytime.
5. 100% offline hardware architect
* What is it?
Some users challenge the usage case of a hardware wallet saying that the so-called ‘cold storage’ of a hardware wallet is nothing different from keeping the private key in an abandoned cellphone whose internet is cut off. Yet the opponent neglects two major factors in the use cases of a hardware wallet:
keeping the device offline
1) Keeping the device offline doesn’t equal with simply cutting off the internet
Keeping the device 100% offline actually means 1)there is no communication module installed in the device, thus cannot ‘talk’ to the external environment . 2)third parties cannot penetrate and read data from the device by any means.
Cutting the internet off on the cellphone doesn’t really disable its ability to communicate with the external world. For instance, hackers could easily turn it on when they get hold of the device. And even if the WiFi/Bluetooth/internet module is taken off from the cellphone . it is still vulnerable to data stealing when the attacker use tools to root the system .
In both ways, using a specially designed security hardware would be of the best option to protect your private key.
enable crypto management
2) The most common use case of a hardware wallet is not just for keeping the private key safe . but also enable crypto management on a daily basis.
As blockchain and cryptocurrencies continue to scale, we are walking into a future . In other words, where crypto transaction becomes more ordinary in daily life. it is not only important to make sure the wallet does its own job in keeping the asset secure. but also be flexible and accessible in mass adoption user cases.
Keeping a private key in an abandoned cellphone or hardware drive sounds reasonable if you are a long-term holder. In addition, it makes no sense when we trade and manage crypto from time to time.
In such a case, managing crypto assets with a user-friendly hardware wallet would be the best option.
* Why does it matter?
SafePal S1 is not embedded with any communication modules such as Bluetooth, NFC, WiFi or the internet. Furthermore, there is not an external port for data acquisition. The only USB port on the SafePal S1 is limited only for charging and firmware upgrade.
Conclusion
The SafePal S1 occupies a unique place in the hardware wallet lineup. Meanwhile, it’s straightforward to operate and comes with some neat features . in spite of being one of the cheapest offerings. Understandably, it doesn’t feel as robust as the likes of a Ledger or Cobo Vault . so users should ensure they back up their seeds carefully.
Nonetheless, this is a great product for users taking the first steps in transitioning from a hot or custodial wallet. In conclusion, for those that don’t plan on frequently transacting, it’s a good portable solution that involves no cables.
Safepal Overall Rating
Overall, SafePal is among the best crypto wallets for both newbie and professional investors and traders . including crypto enthusiasts. It is reasonably priced and an excellent option for investors looking for an affordable and safe storage option.
Users Comment and point Safepal S1 2023 Hardware Wallet