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<blockquote data-quote="Coja Petrus Uscan" data-source="post: 1415054" data-attributes="member: 12967"><p>Here is a review of the SafePal crypto wallet; and essentially one of Ledger Nano S to boot.</p><p></p><p>This is a relatively new wallet, backed by Binance.</p><p></p><p>It is currently available for $40 + shipping; or for $80 for two with free shipping. They say this is a limited offer and the price will be bunked up to $60.</p><p></p><p>Website: <a href="https://www.safepal.io/" target="_blank">https://www.safepal.io/</a></p><p></p><p>Previously I had been using a Ledger Nano S, which is currently $90 (shipping included).</p><p></p><p>As a first wallet it seemed fairly good, but despite their considerable head-start in the market and large market share it seems they will wane and there is no sign they will make a come back. Notable Ledger's website was recently hacked, making public the names and addresses of around 300,000 wallet purchases - a veritable Who's Who of people with 4-8 figure crypto balances. Although it does not affect the wallet, it does not speak well for their general approach to security and will likely hurt them in a very privacy- and security-conscious space.</p><p></p><p>On top that the Ledger Nano S can only have about three (it depends on the coins) apps installed on it at any one time. These apps allow you to manage the coins. So if you have Bitcoin and Ethereum installed on it you can't even install some other apps. I have Bitcoin, Ethereum and Tron installed. I can't install anything else. Their newer model can take more apps, but it's $150. If you have more coins you can install and uninstall apps as needed, which takes about 1-2 minutes. The account will remain on the Ledger, but you can't do anything with it.</p><p></p><p>Further Ledger claim support for 100s of coins, but most of them cannot be transacted with their app. You can set up the wallet and then have to use various 3rd party products to manage the coin.</p><p></p><p>The Ledger is also quite fragile. It has a metal case, which is not fully effective. Mine has a large crack on it from being carried while travelling.</p><p></p><p>Their desktop app is also temperamental. I cannot upgrade it. It does not install downloaded upgrades. You can install apps (for coins) and once installed it doesn't say so. You can install it again. And there is no indication if you will be able to successfully be able to install an app. The app is very buggy for me and often becomes unresponsive with the interface disappearing:</p><p></p><p><img src="https://i.ibb.co/gWKfq68/Screenshot-at-2020-12-31-16-50-02.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>I've also not been able to make some transactions. Multiple tries and using 3rd party wallets yielded nothing. I just got an error message with no trial to help. In March I wanted to take the BTC on it out and go 3X margin long on FTX, but I couldn't get it out.</p><p></p><p>When I accessed it recently my Tron wallet was not listed in the app. I had to use a 3rd party manager to get the coins out. It also doesn't list some of the more unusual coins I have or they do not have a dollar value.</p><p></p><p><strong>On to the SafePal...</strong></p><p></p><p>It is made in and delivered from China.</p><p></p><p>They say it's air-gapped, but that depends on how you use it. It has a USB connection and out of the box it does not work. You need to charge it by USB. So you can connect it to a computer or a USB charging device. It charges quickly and seems to have a long life. Beyond that you don't need to connect it.</p><p></p><p>To set it up you need to install their mobile app, which works on Degoogled phones (no Google Play Services). Once installed it gives you a QR to scan. Then you scan the QR it provides in the app.</p><p></p><p><img src="https://bitcoinlockup.com/wp-content/uploads/2019/09/safepal-qr-codes.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p></p><p>There is a seed of up to 24 words for recovery.</p><p></p><p>Out of the box it has a BTC, ETH, Tron and Binance (BNB) wallet. It also supports Bitcoin Trash, Dash, DGB, DOGE, DOT, EOS, ETC, NEO + Gas, Kusama, LTC, ONE, QTUM, Stellar, Ripple, ZEC + any token on those chains. All of these can be manged from their app. You don't need 3rd party apps. They say they will add more and that there will be no limit to the number of coins supported.</p><p></p><p>To transact you create a transaction in your app (you can scan a QR to get the address). This gives you a QR code to scan with the SafePal. You then confirm the details on the SafePal and enter your security pin. The SafePal then produces a slideshow of 8 QR codes, which you scan with your phone. This provides the transaction signature.</p><p></p><p>See this video:</p><p></p><p>[URL unfurl="true"]https://invidious.zapashcanon.fr/watch?v=7MGlcmQTCfs&autoplay=120[/URL]</p><p></p><p>The mobile app is vastly superior to Ledger. It works without any issues. One of the best features in it is they have built DeFi into it - both through the app or you can browser to DeFi sites in the app. So to transact - you just set up a swap in the app, scan the QR and then sign it on your device. You can also trade directly on Binance through the app.</p><p></p><p><img src="https://blog.safepal.io/wp-content/uploads/2020/11/a-1.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /><img src="https://blog.safepal.io/wp-content/uploads/2020/10/1-39-461x1024.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>More details: <a href="https://blog.safepal.io/safepal-instant-swap/" target="_blank">https://blog.safepal.io/safepal-instant-swap/</a></p><p></p><p>The construction of the device is not great. You can feel it is made of cheap materials and it is not going to withstand much abuse.</p><p></p><p>If you are looking for a wallet it is at least a far superior choice over Ledger. Though next time around I will give Redbeard's <a href="https://www.rooshvforum.com/threads/the-bitcoin-btc-thread.7896/page-459#post-1404843" target="_blank">Samourai wallet</a> solution a go. The primary concern being that if the company goes under, you may not be able to recover the wallet. That is why having a second wallet is a good redundancy and it currently costs half the price of a Ledger X for two SafePals.</p><p></p><p>On security I can't say anything of any authority. They have posted some details here:</p><p></p><p>[URL unfurl="true"]https://blog.safepal.io/8-reasons-why-safepal-s1-is-securepart-i/[/URL]</p><p>[URL unfurl="true"]https://blog.safepal.io/10-reasons-why-safepal-s1-is-securepart-ii/[/URL]</p><p></p><p>This is the most authoritative overview of the security:</p><p></p><p>[URL unfurl="true"]https://7labs.io/tips-tricks/safepal-hardware-wallet.html[/URL]</p></blockquote><p></p>
[QUOTE="Coja Petrus Uscan, post: 1415054, member: 12967"] Here is a review of the SafePal crypto wallet; and essentially one of Ledger Nano S to boot. This is a relatively new wallet, backed by Binance. It is currently available for $40 + shipping; or for $80 for two with free shipping. They say this is a limited offer and the price will be bunked up to $60. Website: [URL]https://www.safepal.io/[/URL] Previously I had been using a Ledger Nano S, which is currently $90 (shipping included). As a first wallet it seemed fairly good, but despite their considerable head-start in the market and large market share it seems they will wane and there is no sign they will make a come back. Notable Ledger's website was recently hacked, making public the names and addresses of around 300,000 wallet purchases - a veritable Who's Who of people with 4-8 figure crypto balances. Although it does not affect the wallet, it does not speak well for their general approach to security and will likely hurt them in a very privacy- and security-conscious space. On top that the Ledger Nano S can only have about three (it depends on the coins) apps installed on it at any one time. These apps allow you to manage the coins. So if you have Bitcoin and Ethereum installed on it you can't even install some other apps. I have Bitcoin, Ethereum and Tron installed. I can't install anything else. Their newer model can take more apps, but it's $150. If you have more coins you can install and uninstall apps as needed, which takes about 1-2 minutes. The account will remain on the Ledger, but you can't do anything with it. Further Ledger claim support for 100s of coins, but most of them cannot be transacted with their app. You can set up the wallet and then have to use various 3rd party products to manage the coin. The Ledger is also quite fragile. It has a metal case, which is not fully effective. Mine has a large crack on it from being carried while travelling. Their desktop app is also temperamental. I cannot upgrade it. It does not install downloaded upgrades. You can install apps (for coins) and once installed it doesn't say so. You can install it again. And there is no indication if you will be able to successfully be able to install an app. The app is very buggy for me and often becomes unresponsive with the interface disappearing: [IMG]https://i.ibb.co/gWKfq68/Screenshot-at-2020-12-31-16-50-02.png[/IMG] I've also not been able to make some transactions. Multiple tries and using 3rd party wallets yielded nothing. I just got an error message with no trial to help. In March I wanted to take the BTC on it out and go 3X margin long on FTX, but I couldn't get it out. When I accessed it recently my Tron wallet was not listed in the app. I had to use a 3rd party manager to get the coins out. It also doesn't list some of the more unusual coins I have or they do not have a dollar value. [B]On to the SafePal...[/B] It is made in and delivered from China. They say it's air-gapped, but that depends on how you use it. It has a USB connection and out of the box it does not work. You need to charge it by USB. So you can connect it to a computer or a USB charging device. It charges quickly and seems to have a long life. Beyond that you don't need to connect it. To set it up you need to install their mobile app, which works on Degoogled phones (no Google Play Services). Once installed it gives you a QR to scan. Then you scan the QR it provides in the app. [IMG]https://bitcoinlockup.com/wp-content/uploads/2019/09/safepal-qr-codes.jpg[/IMG] There is a seed of up to 24 words for recovery. Out of the box it has a BTC, ETH, Tron and Binance (BNB) wallet. It also supports Bitcoin Trash, Dash, DGB, DOGE, DOT, EOS, ETC, NEO + Gas, Kusama, LTC, ONE, QTUM, Stellar, Ripple, ZEC + any token on those chains. All of these can be manged from their app. You don't need 3rd party apps. They say they will add more and that there will be no limit to the number of coins supported. To transact you create a transaction in your app (you can scan a QR to get the address). This gives you a QR code to scan with the SafePal. You then confirm the details on the SafePal and enter your security pin. The SafePal then produces a slideshow of 8 QR codes, which you scan with your phone. This provides the transaction signature. See this video: [URL unfurl="true"]https://invidious.zapashcanon.fr/watch?v=7MGlcmQTCfs&autoplay=120[/URL] The mobile app is vastly superior to Ledger. It works without any issues. One of the best features in it is they have built DeFi into it - both through the app or you can browser to DeFi sites in the app. So to transact - you just set up a swap in the app, scan the QR and then sign it on your device. You can also trade directly on Binance through the app. [IMG]https://blog.safepal.io/wp-content/uploads/2020/11/a-1.png[/IMG][IMG]https://blog.safepal.io/wp-content/uploads/2020/10/1-39-461x1024.png[/IMG] More details: [URL]https://blog.safepal.io/safepal-instant-swap/[/URL] The construction of the device is not great. You can feel it is made of cheap materials and it is not going to withstand much abuse. If you are looking for a wallet it is at least a far superior choice over Ledger. Though next time around I will give Redbeard's [URL='https://www.rooshvforum.com/threads/the-bitcoin-btc-thread.7896/page-459#post-1404843']Samourai wallet[/URL] solution a go. The primary concern being that if the company goes under, you may not be able to recover the wallet. That is why having a second wallet is a good redundancy and it currently costs half the price of a Ledger X for two SafePals. On security I can't say anything of any authority. They have posted some details here: [URL unfurl="true"]https://blog.safepal.io/8-reasons-why-safepal-s1-is-securepart-i/[/URL] [URL unfurl="true"]https://blog.safepal.io/10-reasons-why-safepal-s1-is-securepart-ii/[/URL] This is the most authoritative overview of the security: [URL unfurl="true"]https://7labs.io/tips-tricks/safepal-hardware-wallet.html[/URL] [/QUOTE]
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