Original source: SafePal

SafePal Wallet Introduction

For cryptocurrency investors, owning a reliable and secure Web3 crypto wallet is an important step into this ecosystem. Today, I will introduce you to a leading Web3 crypto wallet brand - SafePal.

SafePal is a Web3 non-custodial crypto wallet brand founded in 2018. The team is headquartered in Singapore and has a luxurious lineup of investment institutions behind it, including Binance, Animoca Brands, and Temasek's Web3 investment fund Superscrypt. Currently, SafePal serves more than 13 million users in more than 200 countries and regions around the world. The wallet supports more than 100 public chain ecosystems and 15 languages, and provides cross-chain Swap, NFT aggregation transactions, DeFi financial pledge, inscription ecology and other functions in the App.

SafePal Product Line

When SafePal was founded in 2018, its first product was a hardware wallet (also known as a cold wallet). Later, SafePal released App software wallets, browser plug-in wallets, and several new hardware wallets, including S1, S1 Pro, and X1. Its current product line covers various wallet forms, making it one of the few full-stack wallet brands in the industry. Moreover, the official website of the wallet claims that there have been no security incidents since its establishment, and it has been audited by many security agencies. Next, I will take you to understand the product features of SafePal one by one:

SafePal App

SafePal App is the connection core of SafePal's various forms of encrypted wallets. It can connect to SafePal hardware wallets at the same time, create multiple software wallet accounts, and also support scanning QR codes to connect to the SafePal plug-in wallet on the browser. It has very powerful functions.

In addition to the regular wallet functions, such as transfer, collection, and currency management, the SafePal App also brings together a number of practical extension functions, including:

Cross-chain DApp support, customizable network: Currently, SafePal supports more than 100 public chains including Bitcoin, Ethereum, Binance Chain, Solana, Ton, and TRON, including mainnet tokens, tokens, NFTs, and DApps on each public chain (see the official website for a complete list). It also supports custom networks, and users can add the latest and most popular EVM networks themselves, which is flexible and convenient, and suitable for those who usually take advantage of airdrops.

Swap: SafePal aggregates decentralized and centralized cross-chain transaction channels, and automatically recommends the channel with the best price. It supports many currencies, including mainstream currencies such as BTC, ETH, SOL, BNB, MATIC, and meme coins such as Babydoge. The fee display is transparent. I personally tested the ETH/USDT pair, and the fee rate is lower than most wallets I have seen, and the fee rate of the Little Fox Wallet is less than a quarter of the latter.

Trading market + information flow + AI broadcast: The "Market" section in the SafePal App supports viewing real-time market conditions of tokens and NFTs, including basic information of currencies, K-lines, NFT floor prices, recent transactions, tracking of whale movements, etc. A dynamic information flow has also been launched recently, which aggregates first-hand information and opinions from major domestic and foreign media and community KOLs, making it easy to understand the latest developments and unlocking information of different projects. In addition, the App has built-in AI automatic Chinese broadcast, which makes it easy to use fragmented time such as brushing teeth, going to the toilet, and commuting to understand market trends, which is friendly to heavy coin speculators or investment research users.

Exchange mini-programs: SafePal aggregates trading mini-programs such as Binance and Bitget. The transaction fee rate is no different from that of the exchange platform. Users can directly connect to multiple exchange accounts in the wallet, which is rare in other wallets. When depositing or withdrawing coins from the exchange mini-program, you can choose to directly transfer to one of the wallet accounts in the App without worrying about copying the wrong address. The experience is very smooth.

DeFi financial management: In addition to summarizing and displaying the types and amounts of assets that users participate in staking on the on-chain DeFi protocol, SafePal also provides a financial aggregator suitable for lazy people and novices. There are currently three major categories: DeFi staking, Binance Treasure, and DeFi mining machine gun pool. However, there are not too many supported protocols. For example, the recently popular restaking heavy staking protocol is not fully supported, and the experience needs to be improved.

NFT aggregate transactions: It aggregates transactions from OpenSea, Blur, Looksrare, and X2Y2, making it convenient to receive bids from these platforms at the same time. You can also fill in your own quotation and place NFT orders on multiple NFT trading platforms with one click, realizing fast buying and selling of NFTs.

Fiat currency deposits and withdrawals: Supports the current mainstream compliant deposit and withdrawal channels such as Moonpay and Simplex, and you can buy coins with credit cards and debit cards (unfortunately, cards from mainland China cannot be used for the time being).

Bank account opening: SafePal also supports bank account opening, which is currently open to users in Europe. Users only need to spend 10 minutes to easily open a compliant Swiss bank account with the same name in their wallet. After the account is opened, users can transfer USDC to their SafePal bank account and exchange it for US dollars or euros with one click. They can also use their other bank accounts to transfer euros to SafePal bank accounts, and then exchange them to USDC in their wallets with one click. This series of operations is 100% truly compliant deposits and withdrawals. After opening an account, a VISA card is also provided to facilitate online and offline consumption. It can be bound to GooglePay, ApplePay and Samsung Pay, etc. It is a rigid demand for currency users. According to the official announcement, more countries and regions will be opened in the third quarter of this year.

Airdrop Center QuestHub: It is mainly airdrop activities from other ecological projects to SafePal, which are divided into WHO and Giftbox. WHO's activities are mainly some pre-currency projects. After passing the whitelist and completing the specified tasks, you can get the early airdrops from the project party. Whitelist tasks mainly include holding a hardware wallet or having transactions in the wallet. The participation threshold of Giftbox is usually low, and the number of activities will far exceed WHO. Recently, the Airdrop Center has launched an activity in cooperation with Circle to give away limited-edition customized USDC hardware wallets for free. You can also come and get it. The previous event project parties also include Binance, Ultiverse, PancakeSwap, Injective, Stader and other well-known projects. This section is a must-have for users who want to get money.

Airdrop Radar: It is an information dashboard. SafePal will collect information about projects that are currently airdropping, so that everyone can understand which ecological projects are about to or are currently doing airdrop activities. It is also a good tool for discovering and participating in early airdrop activities.

How to download SafePal App

Currently, SafePal App supports downloads from Appstore (requires switching to an overseas Apple ID) and GooglePlay. Android users can also go directly to the official website to download the APK installation package. Click here to download.

SafePal S1/S1 Pro Hardware Wallet

SafePal S1 is SafePal's most classic hardware wallet model, and S1 Pro is an upgraded version of S1, with an upgraded metal shell and larger battery capacity. Both wallets use QR code offline scanning to pair and sign the App, without the need for USB data cables, Bluetooth or NFC, and the QR code communication protocol is open source, so security is guaranteed. Its security audit is completed by the European team KeyLabs, which became famous for breaking into Ledger and Trezor in 2019. Like the App, these two hardware wallets support more than 100 chains and 15 languages. The current official website price of S1 is US$49.99, and S1 Pro is US$89.99, and orders can be placed in mainland China.

SafePal X1 Hardware Wallet

SafePal's new Bluetooth hardware wallet released in 2023 has been open source. Unlike the other two hardware wallets, X1 uses the Bluetooth protocol to pair and sign the App, which simplifies the user's operation process and is friendly to novices. It comes with a 12-key keyboard, which is smaller than the previous two models. It is a bit like a bank U shield and is very convenient to carry. The audit of this product was also completed by the Keylabs team mentioned above. The current official website price is US$69.99, and it also supports orders in mainland China.

SafePal browser plugin

It supports both EVM and non-EVM public chains, and can connect to DApps on different chains on the same browser at the same time, which is easy to operate. It has built-in Swap flash exchange and supports linking other wallets such as Ledger, Little Fox Wallet, TrustWallet, etc. There is a security feature worth mentioning. This plug-in wallet also supports scanning and logging in from the SafePal App. The wallet generated by the user on the App can be connected without importing the mnemonic in the browser plug-in. When signing is required, the signature will be automatically evoked on the SafePal mobile app. This minimizes the risk of private key exposure and theft.

That’s all for today’s introduction to the wallet brand SafePal. If you want to know more, you can follow their Chinese Twitter or join the Telegram community.

This article is from a contribution and does not represent the views of BlockBeats