SafePal S1 Review
Verdict
The cheapest fully air-gapped QR wallet with an EAL6+ secure element and huge multichain breadth.
Score breakdown
Six pillars, weighted identically for every wallet (security-weighted).
Pros
- Fully air-gapped via QR
- EAL6+ secure element at a low price
- Very broad chain & token support
- Built-in app for swaps/staking
Cons
- Closed-source firmware/hardware
- Past (patched) firmware vulnerability
- Small non-touch screen
Security & track record
2021: Kraken Security Labs disclosed a firmware-downgrade flaw — patched (v1.0.24), no user funds lost. Closed-source is the main trust caveat.
Specifications
| Type | Hardware · Air-gapped hardware wallet |
|---|---|
| Price | ~A$76 (USD-converted (~US$49.99)) |
| Maker | SafePal · Singapore |
| Released | 2019 |
| Secure element | EAL6+ |
| Open source | Closed-source |
| Backup / recovery | BIP39 seed (12/18/24) |
| Air-gapped | Yes |
| Connectivity | QR air-gapped |
| Screen | 1.3" colour (buttons) |
| Platforms | Android, iOS |
| Assets | 200+ chains, 30k+ tokens, NFTs |
SafePal S1 — frequently asked questions
Is SafePal S1 safe?
SafePal S1 is a hardware wallet. It keeps your private keys offline on a EAL6+ secure element, so they can't be reached remotely. Its firmware and app are closed-source. 2021: Kraken Security Labs disclosed a firmware-downgrade flaw — patched (v1. The biggest risk with any self-custody wallet is your recovery phrase — never share it or type it into a website.
How much does SafePal S1 cost?
SafePal S1 costs ~A$76 (USD-converted (~US$49.99)). Only ever buy a hardware wallet directly from the manufacturer or an authorised reseller — never a marketplace listing or a "pre-configured" device.
What coins does SafePal S1 support?
SafePal S1 supports 200+ chains, 30k+ tokens, NFTs. Check it covers the specific coins and networks you hold before you commit.
Is SafePal S1 good for beginners?
SafePal S1 suits users already comfortable with self-custody. It's a air-gapped hardware wallet, best for budget, air-gap, multichain/DeFi.
What happens if I lose my SafePal S1 device?
Losing the device doesn't mean losing your crypto — you restore your funds onto a new device using your backup (BIP39 seed (12/18/24)). But if you lose the recovery phrase itself, the funds are gone permanently — no one, including the maker, can recover them. Back it up offline in more than one secure place.
General information only — not financial advice. Prices are approximate (many makers publish USD only) and change frequently; verify current pricing with the maker. Self-custody wallets put you in full control of your keys and your risk.