Best Crypto Hardware Wallet Under 50 USD: My SafePal S1 Experiences 2024
In the digital age, everyone wants to ensure the safety and security of their digital assets. You’ve hit the jackpot. SafePal is one of the best hardware wallets for cryptocurrencies in 2023, 2024. Get all the details about why you should consider it. Is it reliable and fully secured? Learn how to set up this wallet and whether it is convenient or user-friendly. I will share my SafePal wallet user experience and honest SafePal wallet review with you about whether you should buy it or not. Learn everything you want to know before purchasing a SafePal crypto wallet.
Watch my YouTube video if you want to learn more in detail.
🎬 SafePal Review 2024: Everything You Need to Know about SafePal Hardware Wallet, Experience Shared
Crypto Hardware Wallet
Crypto hardware wallets act as your very own crypto banks, safeguarding your digital wealth far from the internet’s prying eyes. With these unique wallets, you’re the boss, the sole ruler of your crypto empire. These are cold storage for cryptocurrency wallets, keeping your private keys offline, unlike hot wallets that expose them online. The benefits of offline crypto storage are that it provides the highest security and keeps it away from hackers.
Before picking a crypto wallet, make sure to check these essential elements:
- Security: Your crypto wallet should be Fort Knox-level secure, protecting your digital funds from harm.
- Ease of use: Managing your crypto shouldn’t be rocket science. Your wallet should be easy to navigate and understand.
- Supported currencies: Make sure your wallet can handle the cryptocurrencies you invest in. Don’t limit your options!
- Cost: You don’t have to break the bank to keep your digital assets secure. Find a wallet that fits your budget without compromising protection.
- Customer support: When you’re dealing with precious digital assets, peace of mind is crucial. Choose a wallet with top-notch customer support in case you need any assistance.
SafePal is included in the list of the best crypto wallets in 2024. The reason is simple: due to the low cost and thousands of crypto tokens, the feature rich App and the cheap price while still having a display and even a camera.
SafePal S1 Crypto Wallet
SafePal S1 is a cryptographic hardware wallet with unique features. Selecting the right one is everyone’s problem. Don’t worry; SafePal is here to help you choose the best one with jam-packed features. SafePal S1 is a secure and user-friendly hardware wallet that safeguards your cryptocurrency assets. It was founded in 2018, and since then, it has never looked back. The goal of the SafePal wallet is simple: to provide hassle-free and user-friendly interaction.
SafePal has been running only on the app now. A Chrome extension is also available; you can easily install and use it. There is no desktop app version. It also has cold hardware crypto wallets to make transactions and access your funds.
Since 2018, the SafePal community has grown well. There are more than 10 million users across 196 countries supporting more than 100 blockchains.
SafePal Hardware Wallets
SafePal has three hardware cold wallets. The SafePal X1, the Safepal S1 and the SafePal S1 Pro. I have had an S1 for a long time at home but did not look into it. Now that I have been using it to share my honest review of whether you should buy it or not.
S1 is a cold wallet that stores your cryptocurrency assets offline and securely. Here is a screenshot of how it looked:
Specifications of the SafePal Hardware S1 Wallet
The SafePal hardware wallet is designed to operate in a wide range of temperatures, from -4°F to 158°F. It has a built-in 400mAh battery that can last up to 20 days on a single charge, and it can be charged using a USB cable. The wallet also has a camera for scanning QR codes, a 1.3-inch IPS screen, and no Bluetooth, WiFi, or NFC connectivity. This means that the wallet is completely air-gapped, which means that it is never connected to the internet and is therefore very secure. The wallet also supports firmware upgrades.
Binance Labs and SafePal collaboration
Binance Labs’ investment in SafePal signifies a notable collaboration in the cryptocurrency industry, highlighting the support and confidence placed by Binance Labs in the innovative initiatives and growth potential of SafePal. Binance Merchant, or Binance Labs, is a huge investor in this wallet. That’s why it consists of vast, jam-packed features that others lack. It’s the first crypto hardware that is invested directly by Binance Lab.
Premium Features in the SafePal App that makes it stand out
Highly secure wallet
This hardware wallet is highly secured because of:
- EAL5+ technology, which is entirely used in debit and credit cards, will protect your assets, no matter where you are.
- It generates true random numbers to keep it away from evil hands.
- Multiple layers of security sensors make it highly secure.
- If somehow a hacker reaches out to it with any malware, it is designed to be self-destructive to avoid any type of loss to you, and you can access your coins through seed phrases after buying new ones.
Take it anywhere and anytime
- It’s a pocket-friendly and card-sized crypto hardware wallet.
- You can easily take and carry it anywhere and anytime.
- Customer service: SafePal’s customer service delivers top-notch results and solves problems.
100% Fully Offline Cold-storage Device
It’s highly secured because of 100% air-gapped cold storage.
- You don’t need to connect through Bluetooth because somehow, malware can try to cause damage.
- It does not support the Wi-Fi feature to connect.
- This technology does not require any NFC, meaning every device (Android or iPhone) can be used to access Dapp.
- There is no need for any USB connection to connect with an app, but if an update comes, then you will do it through this.
Support 15 languages
If you struggle with English, you can change it to something else, such as Chinese, Thai, Deutsch, etc. It supports multiple languages for the user’s convenience.
Cryptocurrencies supported by SafePal
SafePal is the wallet that supports the most cryptocurrencies, as far as I know.
- The supported blockchains in SafePal are over 100 (according to SafePal wallet).
- There is no storage issue; add as many as you want within a single device.
- Through firmware updates, it can add new tokens.
Here is the link to check your supported crypto coins: https://www.safepal.com/en/coin/lists.
Along with the supported currencies, you can also check which type of wallet it supports, like the app, Chrome extension, or hardware wallet.
Features of the SafePal App
Due to its partnership with Binance Labs, it has enormous features, as described below:
- You can see the token’s market value, whether it is a loss or not, and what the price is. It is just like what is shown on Binance Merchant. You can instantly buy or sell any tokens you like.
- Easy Crypto & NFT Management: You can secure, manage, transfer, and trade your crypto assets at your fingertips along with NFT.
- Powerful DApp Gateway: Jump into the ever-growing universe of decentralized apps.
- Cross-chain Swap & Trade: You can take advantage of the low fees and best rates while swapping assets in-app seamlessly across chains, with deep liquidity from leading exchanges such as Binance, Bitget, 1inch, and more. Not only can you swap, but you can also bridge.
- One Click to Yield & Earn: Get more rewards and make your money grow faster with staking and DeFi products from Binance Earn.
- You can easily sell or buy any cryptocurrency on the SafePal app through Binance Connect.
- It has all the features of Binance due to Binance’s investment and influence.
Price Comparison of the SafePal Hardware Wallet
The price value of the SafePal S1 hardware is just $49.99, plus delivery charges may be included with it. This wallet comes with a 1-year warranty and 24/7 customer service to solve your problem.
Another bundle is the standard package. This bundle includes an S1 hardware wallet and one leather case for the protection of the device. The price of the bundle is $59.98, plus a few shipping charges. At last, a hardware bundle includes S1 with one cipher. The price tag for this is $94.98 with free shipping.
Remember that you can get free shipping worldwide for ordering more than one product instead of the leather case.
How to Set Up a SafePal Wallet
SafePal Wallet 2023: Step-by-Step Guide to Setup SafePal S1 Crypto Wallet - Experiences & Review
Conclusion: My SafePal Hardware Wallet Review
I have my S1 wallet at home but did not look into it. So now, I decided to use it and give my review on it. And I really have to say I was positively surprised. You can get a premium-featured wallet that is highly secure, user-friendly, and supports thousands of cryptocurrencies in the SafePal wallet.
One con is that it is not open source. They said that they will not do it as open source because if anyone gets the code and exposes it, that’s why they will not open source to make it secure. Another thing is that it regularly issues updates after two or three weeks. That is maybe concerning for others because most people like no updates. Also, you need to update your hardware wallet with a USB-C cable. This may also be concerning for some.
Overall, it is a very good choice compared to the cheap service with amazing features. You will not only be able to enjoy managing tokens in SafePal but also earn a handsome income. It is highly recommended for multiple reasons. The best thing is that they regularly add tokens to expand it, and you can manage them all on a single platform.
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