Table of Contents

• SafePal S1 Specifications
• Built-in Components
• SafePal S1 Overview
• Pros and Cons of SafePal S1
  • Pros
  • Disadvantages
• SafePal S1 Price
• Summary
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SafePal S1 specifications

Built-in component

• SafePal
• USB-A to Micro-USB cable
• 3 backup record pages
• Stickers
• Quick Start Guide
• Cleaning Cloth

SafePal S1 Overview

In Hardware Wallet SafePal is still new to the field, and it's really something special. It is a portable cold storage device that is extremely cost-effective and is supported by Binance Incubator, Trust Wallet, Litecoin Foundation and other institutions.

This wallet looks like an MP3 player. The direction keys below the color screen are used for menu navigation; it is also equipped with a camera for scanning QR codes when signing transactions. SafePal doesn't require any wired connections other than charging the battery and receiving updates. SafePal almost achieves physical isolation. Other than receiving updates, its only communication with the outside world is the information displayed on the screen.

The device is almost not connected to the Internet, blocking many attack vectors. However, the user experience is also affected and the payment process is cumbersome. Users can pair the wallet with a smartphone app, which transmits information via QR codes.

However, SafePal is compatible with smartphones and adopts a wireless design, which greatly improves portability and can be used anytime and anywhere. Like most hardware wallets these days, SafePal requires a PIN before use. Users can choose to generate 12-digit or 24-digit mnemonics.

The main disadvantage of SafePal is that it is fragile and fragile. But at the same time, it is one of the cheapest hardware wallets on the market.

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Pros and cons of SafePal S1

Pros

• Can store more than 1,000 assets
• If physically tampered with, the device will automatically erase internal information.
• Reasonable price
• Wireless design

Disadvantages

• Fragile
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• Not completely isolated from the outside world (needs to plug in a computer to complete firmware updates)
• Cumbersome transaction operations
• Supports many tokens, but does not support as many blockchains as other hardware wallet.




SafePal S1 price

In February 2020, the price of SafePal S1 was 39.99 Dollar.  

It is recommended that you purchase the device directly from the supplier or official dealer. Purchasing a second-hand hardware wallet carries the risk of private key leakage.




Summary

SafePal S1 occupies a special position in the field of hardware wallets. Its price is lower than similar products, but it is very convenient to operate and equipped with practical functions. Therefore, its durability is not as good as Ledger and Cobo vaults, and users should be careful to back up their mnemonic phrases.

However, it is an ideal entry-level product for transitioning from hot to cold wallets. For users who rarely make transactions, SafePal with its wireless design is a good solution.