Hey ladies and gentlemen, today I’m writing a particular review, the first of its kind in the Cryptogadgets category. It’s about SafePal, a hardware Wallet I’ve bought for $39.99. I will use the same 5 points system to review; just the content changed due to its nature.
SafePal is a secure and user-friendly hardware wallet designed for the masses. It is also the first hardware wallet brand invested by Binance, one of the biggest exchanges worldwide. SafePal has now supported more than 10K+ cryptocurrencies, including BTC, ETH, LTC, and BNB. SafePal S1, its first flagship hardware wallet, adopts multiple layers of security schemes and intuitive user interfaces, enabling users to store, transfer and trade coins in the wallet most easily.
Let’s go through a few unboxing pictures, so you have an idea of how this hardware wallet feels, looks, and works:
To mention is that the SafePal S1 works together with an app. It means you don’t just have to configure the hardware wallet itself, but you also need to use the App. The principle is quite simple: Without the hardware wallet with the keys stored offline, you won’t be able to sign transactions into the blockchains. So the usability review is not just limited to the SafePal S1 but also extended into the app usability.
And both are beautifully designed; the whole process worked like a charm. It was easy to understand, install, and finally use it.
The SafePal S1 is handy, fast*, and secure. The EAL 5+ Crypto Chip protects our private keys; if done right, I think it’s the case. The wallet has no WLAN, Bluetooth, Wi-Fi, NFC, or other radio frequencies, making it 100% offline. And last but not least, it has an embedded self-destroy mechanism, after the key-erasing tool, as soon someone tries to access the device from the outside.
The Hardware itself feels good. It’s affordable, but not just cheap. It’s too thick to fit a wallet, but hey, the cryptologists of today don’t have an offline hardware wallet to walk around with it. At least in my case, for daily use, I love to use the software wallet part of SafePal.
* As soon the SafePal S1 has booted, it’s super fast. Prior, the delay of the logo showing up by pressing the power button could be shorter. Sometimes you’re not sure if you started the device for a few seconds.
The functionality of the device itself, the SafePal S1, is pretty basic. Said sloppy, it just generates QR codes you can scan with your App, so you can sign transactions. You also can go through the history of your signed transactions. It’s massive what piece of software underlies such a story. So no worries, I also keep this in mind.
The functionality on the App, on the other side, completes the experience to my absolute satisfaction.
The fact that every coin I wanted to list on SafePal, I could implement it. The package arrived was complete, with the SafePal S1 itself, then a Micro-USB charging cable, two stickers, a cleaning microfiber cloth, three “thank you” cards with mnemonic lines on the back to fill in.
Everything I touched on the SafePal system was complete, except the DeFi that says “coming soon”. But, I can’t take away points for this, because it keeps my expectations up, that there is more to come.
But it’s a 10 out of 10 for me here.
PRICE & VALUE: Bargain.
The SafePal S1 costs $59.99, and there is nothing you can do wrong with this purchase. And at a reduced price tag of $39.99, it’s a bargain and worth every single cent. I don’t feel right writing more than three lines about this, so I give 10 out of 10.
100% offline. Robust partnerships with Binance, WalletConnect, Harmony, The Litecoin Foundation, BitTemple, and more. A beautiful multi-wallet app that works (…). A robust hardware-wallet with a fast QR cam. And last but not least, the affordable price tag. Nothing here is unique, except the significant partnerships; the uniqueness here is that everything works flawlessly together.