SafePal S1 ÔÇô Hardware Wallet Reviews 2022
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SafePal S1 ÔÇô Hardware Wallet Reviews 2022

SafePal S1 ÔÇô Hardware Wallet Reviews 2022

Beginner
Zverejnen├ę Mar 9, 2020Aktualizovan├ę Apr 21, 2023
3m

SafePal S1 specifications

Dimensions (cm)

8.6 x 5.4 x 0.6

Screen

1.3ÔÇŁ IPS screen

Input

D-Pad and camera

Connection

N/A

Battery-powered?

Yes

Compatibility

Android, iOS

Supported coins and tokens

1000+

GitHub


safepal s1 hardware wallet image


WhatÔÇÖs in the box?

  • SafePal S1

  • USB-A to Micro-USB cable

  • Three recovery sheets

  • Stickers

  • Quick start guide

  • Cleaning cloth


Safepal S1 overview

The SafePal is a relatively new entrant to the hardware wallet scene, and itÔÇÖs 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┬áÔÇô 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 SafePalÔÇÖs 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, itÔÇÖs one of the cheapest hardware wallets available.


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SafePal S1 pros and cons

Pros

  • Supports 1000+ assets

  • The device is wiped if physically tampered with.

  • Affordable price

  • Wireless

Cons

  • Feels fragile

  • Not completely air-gapped (needs to be plugged into computer for firmware upgrades)

  • Cumbersome to transact


SafePal S1 pricing

As of February 2020, the SafePal S1 is priced at $39.99. 

ItÔÇÖs advised to always buy hardware wallets directly from the manufacturer or official resellers. Buying second-hand hardware wallets poses the risk of the private keys being compromised.


Closing thoughts

The SafePal S1 occupies a unique place in the hardware wallet lineup. ItÔÇÖs straightforward to operate and comes with some neat features, in spite of being one of the cheapest offerings. Understandably, it doesnÔÇÖt 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. For those that donÔÇÖt plan on frequently transacting, itÔÇÖs a good portable solution that involves no cables.

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