SAFE PAL
Written by Rocket Racoon (Guardian of the Wolf Den)
Last updated
Was this helpful?
Written by Rocket Racoon (Guardian of the Wolf Den)
Last updated
Was this helpful?
Pros:
Fully air-gapped. Never connected to internet, cellular data, or bluetooth
Seed Phrase only appears on the device itself, will never be logged into a computer or mobile device -6-12 digit custom PIN created by user, numbers to enter PIN rotate order on LED screen every time you input it so pattern can’t be recognized easily
Passphrase can be created and utilized so that if any part of it is entered incorrectly, it will bring up a false wallet account
If physically tampered with, has a self destruct function so information can’t be harvested from the internal chip
32 blockchains supported with firmware updates available for new technology upgrades (the only time it will be connected to a computer and is only directly connected while undergoing firmware upgrade process)
Supports multiple wallets
Inexpensive (about $50 USD)
Integration with SafePal mobile app is seamless and SafePal mobile app itself is extremely smooth and has great, easy functionality once you take some time to learn where everything is located
Can currently purchase BNB, ETH, Matic, and USDC (ERC-20) by credit or debit card directly on the mobile app and have it delivered directly to your cold wallet (further asset direct buy support to be added in due time)
Cons:
Lightweight construction appears to be on the more fragile side
That’s actually the only observable con in my opinion at time of writing this
Where to buy:
Once you receive your SafePal S1, download the SafePal mobile app if you haven’t already, click the top left corner tab, click the + button, select Hardware Wallet
Turn on your SafePal S1, follow the step by step directions displayed between the device and mobile app to create the wallet account and pair it with the SafePal mobile app
Here is a set by step guide if you would like further assistance/clarification on any parts of the setup process - https://safepalsupport.zendesk.com/hc/en-us/articles/360046051752-How-to-Set-Up-a-S1-Hardware-Wallet
Transactions will be set up via the mobile app internal dApp browser or direct transfers by clicking on the asset itself and selecting “Send” or “Receive.”
When confirming the transaction as you would with a “hot” wallet such as MetaMask, TrustWallet, SafePal software wallet, etc., it will prompt you with a QR code.
Press/hold the side button on your SafePal S1 to turn it on if it’s off, select “Scan” and scan the QR code from your mobile app.
The device will then ask you to enter your custom PIN, once properly entered, it will prompt a series of QR codes for you to then scan with your mobile app.
Select “Next” on your mobile app for it to use the camera to scan the QR codes on the SafePal S1.
This process provides a “signature” from you, the wallet owner, via the device to confirm the transaction. The mobile app then submits the signed transaction to the blockchain for validation and it will be processed.
I would recommend checking to ensure your S1 has the most up to date firmware when first setting up the device. After that initial upgrade, your SafePal mobile app will typically notify you when a new firmware update is available.
On your S1, go to Settings -> About
Type the Serial Number listed on your device into the bar on the webpage, it should begin with “S1” then click search.
If there is an available firmware upgrade, it’ll be displayed with a “Download” button
It will download a zip file titled “upgrade.bin” you do NOT need to unzip this file
Connect your S1 to your computer via USB cable provided
On the S1 display, go to Settings -> Upgrade, ensure you have your seed phrase written down for safe measure, click “Backup already”
This is the only time your S1 will be visible to your computer and no internal data from your S1 is shared with your computer. It displays as a connected external drive
Drag and drop the “upgrade.bin” zip file onto your S1, select “Upgrade”
It will commence the firmware update and automatically disconnect from your computer.
Assets will either be automatically recognized and added to your asset list or can be manually added via typing the asset name or contract address in the search bar on the main home screen of the selected wallet. (You can also create SafePal software wallets or import MetaMask or TrustWallet accounts in the mobile app)
Main view of your assets is displayed in the left-most tab on the bottom bar.
Total detected value will be displayed at the top
Just below the total value, there’s a small bar with a few options.
You can sort the asset list by Value, Name, Amount of assets, or Custom Sort
When “Asset” is selected, it will list all of your imported singular assets
When “DeFi” is selected, it will display a list of platforms where you have staked holdings. Clicking each will display what you have staked including number of tokens making up you LP token pairs. Sometimes it’s slightly off in updating exact number in real time, but have found it to be largely accurate
When “NFT” tab is selected, your NFT collection will be displayed from both ETH and BSC networks. Additional network NFT support to be added in due time
At the top right corner, there is a button to open the QR code scanner and a circular button with … in the middle. That button will drop down a small menu from which you can add an additional wallet account, Buy Crypto directly by credit or debit card through a third party provider, Simplex, contact Support, and select Settings where you can adjust security settings, preferred gas for transactions, clear browser cache, adjust appearance and other preferential settings.
You can also go to dApp Node Settings, where for each network you can select to see which network nodes are currently running most efficiently, select, and save very easily. (Personally really like this feature)
From the bottom bar of the app, first tab on the left is of course the main overview of your wallet account(s).
Second tab from the left with the three columns displays a list of asset prices and can bring up their current charts by clicking on them.
SafePal is directly partnered with Binance, so data is provided by Binance, you can favorite as many assets as you’d like.
Middle tab from the bottom bar brings up the internal dApp browser. There is list of popular/frequently used platforms and tools listed from a variety of networks or you can search/type web address in the top bar.
When you type in a web address, you’ll notice a symbol drop down just to the left of the “Go” button. This drop down menu is to select the network you’ll be using for the web page you’re navigating to
Fourth tab from the left bottom bar with the two arrows is an internal bridge and swap router with allows you to swap assets or bridge between networks. The bridge is a bit limited, but you can swap cross network which is pretty cool (Example: can swap (bep20) BNB for (fantom) FTM
You can also click the “Exchange” tab which allows you to connect with your Binance account and directly trade on Binance from the app
The Final tab on the bottom bar (far right) has staking options where you can stake various prominent LP and earn additional LP+SFP (safepal’s token) as well as single stake Cake and Banana.
