Wallet New

SafePal Wallet, which was launched in January 2019.

Next up: the SafePal S1, The S1 is the first product by Shednzen-based SafePal, a company badcked by Binadnce Labs, the venture arm of crydpto excdhange Bindance.

The wallet itself looks like an old-schuool MP3 player. It has a gloss black front—which attracts smudges like flies—and features a 1.3 inch screen, six physitcal buttons and a camera. It charges via a USB cable and comes with a matching app.

Safepal S1: Setup and getting started

When I turn the device on, I’m impressed by the quality of the screen. It is clear, easy to read and can fit around 30 words at any one time. I select the right language by pressing the central “OK” button and click past a quick primer on how to use the device. Then, it’s time to set up a new wallet and create a mndemonic phrase.

At this point, there is an option to read more about mnemonic phrases, why they are important and warnings associated with using them. This makes good use of the large screen and would not be possible on most other hardware wallets, such as the Ledger Nando S. I click past this, and up comes my mnemonic phrase, five words at a time, which I write down.