SafePal: who is behind this range of hardware wallets backed by Binance?
SafePal was founded in January 2018 within the Binance Labs incubator. The company offers three complementary hardware wallets: the S1, an entry-level 100% air-gapped device; the S1 Pro, with broader compatibility; and the X1, featuring Bluetooth connectivity. All three are based on a dual-chip architecture certified EAL5+/6+ and are available at Neowalt.
Within the hardware wallet family, SafePal holds a unique position: that of a player who entered the market later, but was supported from its inception by one of the biggest names in the crypto industry, Binance. At Neowalt, we offer all three models from the SafePal range: S1, S1 Pro, and X1.
SafePal, a project born in the Binance Labs incubator
SafePal was founded in January 2018 by an initial team of three people within the Binance Labs incubator, the investment fund and support program of the Binance exchange platform. The company, headquartered in Singapore, is now led by its CEO, Veronica.
Unlike other manufacturers who started directly with hardware, SafePal first developed software solutions before venturing into hardware, an approach that allowed them to better understand users' real needs before designing their first physical product, the SafePal S1.
SafePal is the first hardware wallet supported by Binance Labs. The company has since formed strategic partnerships with players such as Binance, Harmony, Tron, Uniswap, and Simplex (for purchasing cryptocurrencies directly from the application), and now boasts tens of thousands of users in over 80 countries. The range has since expanded with the SafePal S1 Pro, a more advanced version, and the SafePal X1, the brand's first model with Bluetooth connectivity. Its native token, SFP, is used to obtain discounts on SafePal products and services.
Three hardware wallets, three levels of use
SafePal S1: the air-gapped entry-level model
The SafePal S1 relies on a 100% air-gapped approach: no Bluetooth, USB, or Wi-Fi connection. Communication with the application is done exclusively via QR codes displayed on the wallet's integrated color screen. It features an EAL6+ certified chip, an integrated color screen, a 24-word seed phrase, support for over 10,000 cryptocurrencies and tokens, and approximately 10 days of battery life.
SafePal S1 Pro: the advanced version
The S1 Pro builds on the fundamentals of the S1 — 100% air-gapped, QR code, EAL5+/6+ security depending on components — while expanding compatibility, with over 100 supported blockchains, a 1.8-inch color screen, and better integration with DeFi and NFT protocols. It targets users who diversify their portfolio more.
SafePal X1: the Bluetooth-connected model
The X1 marks an evolution in the SafePal range: it retains a larger screen and physical button navigation, while adding Bluetooth connectivity (in addition to the USB-C port) for faster daily transactions. EAL5+ certified, it supports over 30 blockchains and 100,000 tokens, and is aimed at users who prioritize speed of daily use.
A dual-chip security architecture
SafePal hardware wallets rely on a dual-chip architecture, physically separating sensitive security logic from the device's general business logic, with secure chips certified according to the Common Criteria standard.
This architecture limits the attack surface: even if the "logic" part of the device is compromised, critical elements related to private keys remain isolated on the dedicated secure chip. An self-destruct mechanism also erases sensitive data in case of detected physical intrusion attempts.
A complete software ecosystem
Beyond hardware, SafePal has built its offering around a complete software ecosystem, common to all three models: a SafePal app, serving as both a software wallet, exchange platform, and access portal to DeFi (Uniswap, Compound...), a browser extension facilitating interaction with decentralized applications from a computer, a dual validation system for each transaction between the physical device and the mobile application, and complementary accessories, such as a stainless steel plate (SafePal Cypher) to protect its recovery phrase against water, fire, or corrosion.
The advantages and limitations of SafePal
Among the strengths: one of the most competitive price-quality ratios in the hardware wallet market, three models for three uses (S1 for beginners, S1 Pro for more compatibility, X1 for Bluetooth speed), a complete software ecosystem (buying, exchanging, DeFi) directly integrated into the application, and the support of a major player in the crypto industry (Binance Labs), guaranteeing sustainability.
Two points of caution: the historical link with the Binance ecosystem may be perceived as less "neutral" by some users seeking complete independence from centralized exchanges, and the X1, with its Bluetooth connection, introduces a slightly different attack surface compared to the fully air-gapped S1 and S1 Pro models.
Compared technical specifications
| Feature | S1 | S1 Pro | X1 |
|---|---|---|---|
| Connection | QR code (air-gapped) | QR code (air-gapped) | Bluetooth + USB-C |
| Security | EAL6+, dual-chip | EAL5+/6+, dual-chip | EAL5+ |
| Screen | Integrated color | 1.8" color | Large screen, physical buttons |
| Blockchains / tokens | 10,000+ tokens | 100+ blockchains | 30+ blockchains, 100,000+ tokens |
| Ideal for | Small budget, first purchase | Diversified portfolio | Fast daily use |
| Available at Neowalt | Yes | Yes | Yes |
To compare SafePal with other brands in our selection, consult our comparison CoolWallet Pro vs SafePal S1, discover our presentation of Tangem and Keystone, or directly test our complete comparison of the best hardware wallets 2026.
The SafePal S1, S1 Pro, and X1 are all part of the product selection available at Neowalt, an official French distributor of hardware wallets. Each model is sourced directly from the manufacturer, with authenticity guarantee, confidential delivery to a locker within 24 hours, and French-speaking customer support. Our status as a French distributor was also highlighted by France Cryptos.
FAQ: SafePal, the company and its products
Who founded SafePal?
SafePal was founded in January 2018 within the Binance Labs incubator, with its headquarters based in Singapore. The company is led by its CEO, Veronica.
What is the difference between SafePal S1, S1 Pro, and X1?
The S1 is the entry-level model, 100% air-gapped. The S1 Pro expands compatibility to over 100 blockchains, also air-gapped. The X1 adds Bluetooth connectivity for faster daily transactions.
Is SafePal a reliable hardware wallet despite its accessible price?
Yes: SafePal relies on a dual-chip architecture and air-gapped operation (for the S1 and S1 Pro), without compromising on security fundamentals, despite a more accessible price point than other brands.
Is SafePal linked to Binance?
SafePal was born in the Binance Labs incubator, which remains one of its investors and strategic partners, but the company operates independently.
Which SafePal model works without an internet connection?
The SafePal S1 and SafePal S1 Pro are both fully air-gapped: they communicate with the application exclusively via QR codes, without Bluetooth, USB, or Wi-Fi. The X1, on the other hand, has Bluetooth connectivity.
In summary
SafePal illustrates a different approach to hardware wallets: making cryptocurrency security accessible to the greatest number of people, without sacrificing technical fundamentals. Born in the Binance Labs incubator in 2018, the brand now offers three complementary models — S1, S1 Pro, and X1 — to adapt to different usage levels and budgets.
Discover the SafePal range at Neowalt
Official French distributor, authenticity guarantee, and use our comparison tool to check which of these three models suits your profile.
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