Overview
SafePal was founded in 2018 and was the first hardware wallet company to receive investment from Binance Labs. Besides its affordable hardware wallets, it offers a free software wallet (mobile and browser extension) that works on its own or together with SafePal devices.
Features
- Supports 100+ blockchains, including Bitcoin, Ethereum, BNB Chain, Solana, Tron and TON.
- Swaps, cross-chain bridges and a dApp browser.
- Earning features and a crypto debit card offered through partners in some regions.
- Pairs with the SafePal S1 (air-gapped, QR codes) and X1 hardware wallets for cold storage.
Security
SafePal’s software wallet has no record of a major hack. Its biggest advantage is the cheap path to cold storage: the S1 hardware wallet uses QR codes only, with no USB or Bluetooth connection. The app is not fully open source.
Pros and cons
Pros
- Wide chain support.
- Easy upgrade to affordable hardware wallets.
- Feature-rich app.
Cons
- Not fully open source.
- Card and earning products depend on third parties.
- Interface can feel busy.
Who it’s for
SafePal suits users who want a multichain mobile wallet today and an inexpensive hardware wallet tomorrow, all in one ecosystem.
Verdict
SafePal is a capable software wallet, and its real value is the seamless link with low-cost hardware. A practical choice for budget-conscious users.