SafePal SafePal S1
A plan bySafePal
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.
SafePal S1
- Price
- €46
What's included
- Air-gapped (QR signing)
- EAL 6+ secure element with self-destruct
- Color screen
- 400 mAh rechargeable battery
- 200+ chains
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) |
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.
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 Prezzo $49.99 · EAL 6 · Air-gapped QR · ~200 chain · +3 Data verified on Jun 20, 2026