Cryptocurrency hardware wallet brand SafePal launches low-cost device

SafePal, a crypto hardware wallet brand, backed by and incubated in the first Binance Labs Incubation Program, has announced their first hardware wallet, the SafePal S1. The device seeks to bring user-friendliness and cost performance of hardware-based crypto management.

SafePal S1 is embedded with a true random number generator and financial EAL5 + chip. It features a slick body equipped with a 1.3’ high-resolution LCD, which shows every detail of a transaction.

Apart from Bluetooth, NFC or any other radio frequencies, SafePal S1 is adopting encrypted QR codes as the only way to interact with its app, thus to avoid risks as information interception or tampering.

The team of SafePal is based in Shenzhen, China, a global center for hardware design and manufacturing. The backgrounds of SafePal’s members range over a number of fields as hardware, software, finance, and cyber-safety. Among them, there are specialists with over 15 years of experience in hardware design, as well as product designers, R&D fellows and security officers from tech giants like Tencent and Huawei.

SafePal aims to provide crypto users the safest and easiest hardware wallet, and help to better manage all the existing problems in day-to-day crypto storage and payment. Next, for the brand, SafePal S1 is scheduled to launch in the North American market in early February.