Safepal s1 review 2021

SafePal S1

$39.99

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7.5/10 (Expert Score)
Product is rated as #9 in category Hardware Wallets

Users can send, receive, store and even exchange cryptocurrency via the SafePal app. Their team state that they offer support for over 15,000+ tokens, which is one of the largest amount of supported currencies we've seen so far. Alongside this, they also include unlimited currency storage, with users able to add/remove tokens at will. Although compatible with external wallets such as Coinbase and Electrum, we were unable to locate an official list of supported wallets. Although there is no Bluetooth support and the design can feel a little fragile at times, we feel that the S1 is well worth its price tag.

According to Kraken Security Labs, in some cases the SafePal S1 offers better security standards than the Trezor One. However, they do state that they found some security flaws within this wallet, although this is fresh from successfully hacking both the Ledger and Trezor models. Instead of using a standard recovery phrase, users choose from a 12, 18 or 24-word mnemonic phrase for their backup recovery. This remains one of the few hardware wallets to incorporate a "self destruct" and other data-erasing mechanisms. Should sensors detect a software or physical attack, the wallet will initiate a defence mechanism; erasing the private key and wallet data. For this reason, we highly recommend writing down a physical copy of this information.

Design
7.5
Support & Reputation
6
Usability
8
Coin Support
10
PROS:
  • 100% offline wallet
  • Unlimited currency storage
  • Very competitively priced
  • Offers unlimited currency storage
  • Send, receive, store and exchange via the app
  • Exclusion of Bluetooth is arguably more secure
  • Reportedly supports 21 blockchains and 15,000+ tokens
  • Payment support for PayPal, cryptocurrencies and debit/credit cards
  • Battery allows for portable use, charging not required if plugged in via USB
CONS:
  • No Bluetooth support
  • Somewhat fragile design
  • Heavier than some competitors
  • No multisig or message signing
  • Smaller display than competitors
  • No live chat/support, email only
  • Not open-source, low level of transparency
  • Comparatively poor battery life of 3.5 hours
  • Minimal desktop support with no PC application
  • No desktop software or multiple accounts, only compatible on iOS/Android

Specification: SafePal S1

Design Specification
Battery life ~3.5 hours
Screen size 125 px
Size 113mm x 96mm x 30mm
Touchscreen No
USB connector micro-USB to USB-A
Weight 126g
Software
Connectivity USB
Desktop Software No
Functions Receive, Send, Store, Trade
Open source No
Supported Operating System Android, iOS
Features
Compatibility with external wallets Yes, unspecified amount
No. Supported Currencies 15,000+ cryptocurrencies and tokens
Security
2FA Two-factor Authentification Yes
Anonymity Yes
Backup type 12, 18 or 24-word Mnemonic Phrase
Multi signature No
Pin code Yes
Own your own private keys Yes
Previously suffered security breach N/A
Pricing and Payment
Bank transfer No
Cryptocurrency Yes
Debit or credit card Yes
Paypal Yes
Company info
Established 2018
Full company name SafePal
Registered in Republic of Seychelles

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