SafePal
SafePal
Data verified on unchanged since the sources
Worth it if you want an affordable air-gapped hardware wallet (about €46) supporting 200+ chains.
Avoid it if you require fully open-source firmware or want to stay outside the Binance ecosystem.
SafePal is a budget hardware wallet backed by Binance Labs (early-stage investor). The S1 model (≈€46, $49.99) is fully air-gapped: it signs transactions via QR code with its built-in camera, with no Bluetooth, WiFi, NFC or data USB (USB-C is firmware-update only). It uses a CC EAL 6+ secure element with a self-destruct anti-tamper mechanism and supports 200+ blockchains through the SafePal app, integrated with the BNB Chain ecosystem. There is also an X1 model (≈€64) using Bluetooth instead of QR.
Data & conditions
| Fund custody | Self-custody (funds in your control) |
|---|---|
| Type | Hardware (cold storage) |
| Source code | Partly open-source |
| Recovery | Seed phrase 12/24 parole (BIP-39) |
| Bitcoin-only | No |
| Supported chains | Bitcoin, Ethereum, BNB Chain, Solana, Polygon, TON |
| Price | €46 |
| Secure element | Yes |
| Air-gapped | Yes |
| Connectivity | QR, USB-C |
| Companion app | SafePal App |
| Built-in swap | Yes |
| Built-in staking | Yes |
| Built-in fiat on-ramp | Yes |
| Segment | B2C |
| MiCA / License status | Nessuna (hardware wallet self-custody) |
Plans & pricing
Strengths
- Among the cheapest air-gapped hardware wallets (≈€46); EAL 6+ secure element with self-destruct anti-tamper; 200+ chains; backed by Binance Labs.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
- No KYC: usable without identity verification.
- Self-hostable: you can run your own instance or node.
Weaknesses
- Only partial open-source transparency (firmware/SE not fully open); tight ties to the Binance/BNB Chain ecosystem; no dedicated desktop app.
- No notable sovereignty drawback documented.
Verdict
Score 4.0/5, solid profile. In its favour: among the cheapest air-gapped hardware wallets (≈€46); EAL 6+ secure element with self-destruct anti-tamper; 200+ chains; backed by Binance Labs. The trade-off to weigh: only partial open-source transparency (firmware/SE not fully open); tight ties to the Binance/BNB Chain ecosystem; no dedicated desktop app.
On the Sovereignty lens the score is 4.2/5 (very strong): the strength is fund control (5.0/5), while trustless / auditability (2.5/5) is the weak link.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
Reputation
What happened to people who used SafePal, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
Notable incidentsDocumented events with consequences still open. Each entry carries a source and a date.
-
Data breach Severe ● open
Data breach: order data of 39,798 customers exposed and put up for sale
On 16 Aug 2026 SafePal disclosed a data breach caused by an authorization flaw in a third-party order-tracking plug-in on its e-commerce site: by manipulating the order number a user could view other customers' order data (a separate misconfiguration also prevented data cleanup between September 2025 and April 2026). Exposed data included names, email addresses, shipping addresses, phone numbers and purchase information of customers who ordered between 2 Mar 2025 and 11 Apr 2026. Seed phrases, private keys, passwords, bank details, card numbers, government IDs and funds were NOT exposed: wallet (self-custody) security remained intact. SafePal patched the flaw, cut data retention to 90 days, engaged an independent security firm, removed 30+ fraudulent sites/phishing links and notified customers by email. ⚠️ The stolen data is being advertised for sale on a cybercrime forum: the risk of targeted phishing is real.
↗ source
verified on
Public reviews
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Google Play ↗
4.6/5
145,121 reviews
Structured JSON-LD data (aggregateRating): 4.5637 over 145,121. Measures the SafePal mobile app (software wallet), not the hardware device.
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App Store ↗
4.7/5
16,905 reviews
Exact figure from itunes.apple.com/lookup (id 1548297139, SAFEPAL LTD., v4.11.9): 4.73 over 16,905 ratings. Measures the SafePal mobile app (software wallet), not the hardware device.
Weighted average across 2 public review platforms (162,026 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
How much does the SafePal S1 cost?
The SafePal S1 costs $49.99 on the official store, about €46. The Bluetooth X1 model costs $69.99 (about €64).
Is the SafePal S1 air-gapped?
Yes: the S1 is fully air-gapped. It signs transactions only via QR code with its built-in camera and has no Bluetooth, WiFi or NFC; the USB-C port is for charging and firmware updates only, not for signing.
Is SafePal owned by Binance?
No: SafePal is an independent company, but Binance Labs was one of its early-stage investors and the wallet is tightly integrated with the BNB Chain ecosystem. It remains a non-custodial self-custody wallet: keys stay on the user's device.
Sources
- Official service page Companion app Data verified on Jun 20, 2026
- coinbureau.com Data verified on Jun 20, 2026
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