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SafePal S1 Hardware Wallet was launched in January 2019 and as such, it is considerably new to the crypto space. The wallet supports 20 blockchains (including Binance Chain and Binance Smart Chain (BSC) and excluding its native coin), 10,000+ tokens, including Non-Fungible Tokens (NFTs). It is the first wallet launched by SafePal.
Tip: Non-Fungible Tokens are pieces of digital content supported by blockchain. Each NFT has its unique value and cannot be interchanged.
SafePal Cypher is a 304-grade stainless steel board designed to protect mnemonic phrases (secret groups of words representing a wallet) of your cryptocurrency hardware or software wallets from factors like water, fire and corrosion.
The SafePal Cypher is 100% offline and makes for easy installation and usage. It is used to safeguard your seed phrases. The SafePal Cypher is compatible with Ledger Nano, Trezor, KeepKey and basically all BIP39 hardware and software wallets.
SafePal Leather Protective Case is a water-proof, anti-drop and scratch-proof leather case. It performs the dual function of protecting your wallet from scratches/bumps and keeping your credit cards in order.
Among its salient qualities is a beautiful PU surface with a soft velvet interior that does the vital job of protecting your wallet against scratches. It also incorporates an invisible reinforced magnetic buckle that keeps it close after use, ensuring that your wallets and credit cards don't fall off. The Leather Case currently retails at an affordable price of roughly $10. It is lightweight and effortless to slip into your jean pocket or handbags.
In January 2021, SafePal introduced the utility token SFP to the SafePal ecosystem. SFP is a decentralized token that is based on the Binance Smart Chain (BSC). So far SafePal has issued about 500,000,000 limited SFP tokens. SFP can be used in several different ways, including: