SafePal Review 2025: Features, Fees and Security Explored

SafePal is a beginner-friendly crypto wallet designed to empower users to protect and grow their crypto. The wallet is a multi-chain solution for investors looking to buy and store tokens securely via its software or hardware devices.

But how does it stack up against other crypto wallets? Our SafePal wallet review details everything you need to know about the platform’s main features, from fees to its native token, to help you decide whether it’s the right wallet for you.

Our Verdict on SafePal Wallet

SafePal prides itself on being a crypto wallet for beginners, placing a strong emphasis on security. Each device is PIN and passphrase protected, with two-factor authentication (2FA), and an anti-hacking self-destruct mechanism. Wallets also have built-in EAL5+ secure element chips, which are used to provide tamper-proof protection for private keys.

It’s one of the few crypto wallets to offer both a hardware and mobile wallet, so you get a choice of security or convenience. The wallet enables investors to access over 30,000 cryptocurrencies and non-fungible tokens (NFTs) from more than 100 blockchains, including Bitcoin and Ethereum.

At the heart of this ecosystem is its native token, SFP (SafePal Token), which is used to unlock additional benefits. These include rewards and incentives like airdrops, higher staking APYs, and gas fees.

What is SafePal Wallet?

SafePal is a cross-chain wallet offering users self-custody control on software and hardware devices. Backed by Binance Labs, the Singaporean company was founded in 2018 by Veronica Wong and has since registered over 20 million users from 196 countries.

The platform enables users to manage their assets across 100 blockchains, providing complete control over their private keys. Its mission is to remove gatekeepers in the industry and make crypto ownership safer and more accessible, particularly for beginners.

In addition to the SafePal wallet app, investors can use a browser extension to buy, sell, and swap over 30,000 assets. It offers three main hardware wallets: SafePal S1, SafePal S1 Pro, and SafePal X1, ranging from $49.99 to $89.99.

The SafePal ecosystem also features a fully Swiss-licensed banking card that enables users to make crypto payments for services such as Airbnb, eBay, and Uber, with deposit fees as low as 0.4%. Investors can also access a host of decentralized applications (dApps), an NFT marketplace, and buy their favourite collectibles or mint new ones on the platform.

For those looking to earn rewards on their existing crypto, SafePal has a built-in staking feature allowing you to stake its native token, SFP, and others like Ethereum via SafePal Earn. The token currently has a market cap of $227 million, with a daily trading volume of $7.68 million. The token is now trading at $0.45, which is 90% below its peak price of $4.39.

Supported Chains & Cryptocurrencies

SafePal has over 30,000 listed cryptocurrencies on the platform and is connected to 100+ chains. The full offering is only available on the mobile app, S1 (pro), and X1 hardware devices. The desktop extension does not include some cryptos, including Cardano, Stellar, VeChain, NEO, and USDC.

Cardano and Stellar have climbed by 90% and 207% respectively over the last year. This comes as President Trump aims to make the United States the crypto capital of the world. Investors who want to buy these cryptos on their computers could be put off by some of these glaring omissions.

Here are some of the main blockchains on the platform.

• • Bitcoin (BTC)
  • Ethereum (ETH)
  • BNB Smart Chain (BSC)
  • Solana (SOL)
  • Polygon (MATIC)
  • Avalanche (AVAX)
  • Tron (TRX)
  • Cosmos (ATOM)
  • Cardano (ADA) – not available on desktop
  • Arbitrum, Optimism, Base, and more

You can view a full list of available cryptocurrencies on the SafePal website. This offering is more extensive than Ledger, which only carries 5,500+ cryptos on its Nano S Plus device and Atomic Wallet (1,000+ cryptos).

SafePal Wallet Features & Tools

The SafePal crypto wallet has an extensive feature list. Let’s take a look at each individually.

Hardware Wallets & Cold Storage Integration

Security is the key priority for any wallet, and through its hardware wallet line, SafePal provides cold storage with zero online exposure. Devices like the SafePal S1 and S1 Pro are fully air-gapped, communicating only through encrypted QR codes, meaning they have no Bluetooth, WiFi, NFC, or USB connections.

This drastically reduces the risk of remote attacks, similar to the one that saw $1.5 billion stolen from the ByBit exchange. SafePal’s hardware wallets feature an EAL5+ secure element microchip, which protects sensitive data, PIN code authentication, and self-destruct protocols in case of physical tampering or multiple failed login attempts.

SafePal devices are integrated with the SafePal mobile and browser apps for convenient management, allowing users to sign transactions offline while managing their portfolios in real time.

DApp Browser & Web3 Access

SafePal also has a built-in dApp (decentralized application) browser, which opens the door to hundreds of decentralized applications. The browser supports Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, and other leading networks. Investors can access liquidity mining, swapping on decentralized exchanges (DEXs), minting NFTs, or playing Web3 games within the SafePal interface.

Recently, HAiO, a Web3 music platform on Solana, integrated with SafePal, making it easier for users to access music in the digital realm. Users can now access AI-inspired playlists through the SafePal browser and create music channels.

NFT Access

Another feature of SafePal is its full support for NFTs across major blockchains, including Ethereum, BNB Smart Chain, and Polygon. Users can buy, send, and receive NFTs directly in the SafePal wallet app.

NFTs are displayed with their associated artwork, creating a gallery-like interface for collectors. These assets can then be secured on hardware devices like the S1 Pro, which supports 200+ chains and unlimited NFTs.

Through its secure dApp browser, users can mint new NFTs on SafePal, participate in NFT raffles, and trade on-chain without exposing their assets to custodial risks. This provides creators and collectors with a powerful, mobile-friendly way to engage with the ecosystem, eliminating the need for centralized platforms like OpenSea.

Banking Gateway

The SafePal Bank feature bridges traditional finance (TradFi) and decentralized finance (DeFi). This feature allows users to convert fiat currencies to crypto and vice versa using a fully compliant Swiss bank account.

Unlike typical fiat on-ramps that rely solely on third-party providers, SafePal Bank is a direct, licensed card provided by the Swiss Financial Market Supervisory Authority (FINMA) and developed by the SafePal team. It supports fiat currencies, including USD, EUR, GBP, and JPY, and allows users to send and receive funds globally via SWIFT transfers

There are no setup costs, and users can top up the account using crypto, with fees as low as 0.4%. The SafePal bank card can be linked to virtual Mastercard debit cards, allowing for purchases from our 40 million merchants, including Starbucks, Airbnb, and Walmart.

SafePal recently launched a mini app wallet on Telegram to expand its banking gateway to 950 million Telegram users. Users will be able to create individually owned and compliant Swiss bank accounts as a result of this move.

New Token Listing

SafePal features a token listing feature that allows blockchain developers to submit new coins for addition to the platform. When submitting a token, builders must select the network (Ethereum, Tron, Polygon, BNB Smart Chain, etc) and the token contract address.

In addition to branding the token, developers need to confirm the number of active wallets, list the token on CoinGecko or CoinMarketCap, and verify any external audits. If the submission is successful, the token will be added to SafePal after a three-day review. You can view the application status on the approval manager in the platform.

SafePal Earn

SafePal Earn is a built-in feature on the mobile app that makes it simple to generate passive income through staking. Investors can stake cryptos like POL (3.59% APY), ETH (2.74% APY), and other proof-of-stake (PoS) tokens directly within the SafePal wallet. In addition to staking, SafePal Earn connects users to DeFi liquidity mining and lending pools.

To stake, you first need to choose a pool. You can do this by filtering the network, protocol, and type. Pools can also be ranked based on total value locked (TVL) and APYs.

Each pool comes with clearly labeled APYs, risk ratings, and lock-up periods, helping users understand the potential rewards and risks before participating.

Once a pool is chosen, enable and deposit liquidity pool (LP) tokens. These tokens act as proof of contribution to the pool and include all accumulated rewards earned by stakers.

Portfolio Management

SafePal’s platform enables beginners to view their crypto assets from multiple blockchains in one place. From Ethereum, BSC, to Polygon, investors can see real-time token performance as well as in-depth pricing charts linked to CoinGecko.

Beyond balances, the portfolio tools include a transaction history log for each token, news announcements, wallet activity, swap records, and gas fees. This feature is particularly useful for active traders or users who engage in staking or farming activities. It ensures users can track ROI and asset flow without relying on external portfolio apps.

Security – Is SafePal Wallet Safe & Legit?

Every crypto wallet has security concerns, however, SafePal has a dynamic offering that enhances user safety. Unlike software-only wallets like Trust and Metamask, SafePal combines the convenience of a mobile app with the offline protection of hardware devices, allowing users to choose the setup that fits their needs.

The SafePal S1 is its trademark device and features air-gapped security, meaning it operates completely offline with no Bluetooth, WiFi, or NFC connections. This significantly reduces hacking threats and protects private keys from remote attacks, like the recent malware attack from a Microsoft impostor.

SafePal devices are also equipped with self-destruct mechanisms that remove all data if any physical tampering is detected. This extra layer of defense protects users against unauthorized entry, something missing from most other hardware wallets.

SafePal’s mobile app can backup private keys on the user’s device and encrypts them using biometric authentication, password protection, and optional pattern locks. Private keys can also be kept manually, ensuring full self-custody at all times.

The app supports mnemonic phrase backup, offering users the ability to restore access through BIP39 and BIP44 standards. SafePal also includes anti-phishing protections and transaction simulations, allowing users to review and confirm the details of each transaction before it is broadcast to the blockchain.

With updates every 2-3 weeks, security audits, and a strong commitment to user education, SafePal positions itself as one of the safest and feature-rich wallets available. While no wallet is 100% immune to threats, SafePal Wallet’s use of cold storage, software encryption, transaction verification, and physical tamper-proofing makes it an all-around secure option.

SafePal Wallet Fees

SafePal hardware wallet fees include the price of the hardware device, transaction fees, and costs associated with using its banking gateway.

SafePal Wallet App User Experience

SafePal offers users three ways of connecting with its platform: desktop, mobile, and hardware. Let’s take a closer look at each of these individually.

Mobile App

Firstly, the SafePal mobile app offers a simple way to manage cryptocurrencies across multiple blockchains. The app is available on both Android and iOS devices and allows users to create new wallets or import an existing one.

Users are prompted to back up their secret recovery phrase, enable biometric authentication, passcodes, and pattern locks during the setup process to improve security. The interface can be used on both dark and light mode. With easy navigation, users can buy, send, receive, and swap tokens from all major chains.

A major highlight of the mobile app is the ability to interact with dApps, giving users direct access to DeFi platforms, NFT marketplaces, and Web3 applications on Ethereum, Arbitrum, Solana, and other supported ecosystems.

SafePal Desktop Extension

For desktop users, SafePal offers a browser extension compatible with Chrome, Firefox, and Edge. The desktop wallet syncs with the mobile app and/or SafePal hardware wallet, allowing users to interact with all features aside from SafePal Earn directly from their browser.

The desktop experience is ideal for users who prefer trading, minting NFTs, or using complex DeFi apps on a larger screen. It supports the same wide range of networks as the mobile and allows seamless verification from the hardware wallet, adding another security layer to desktop interactions.

How to Set Up a SafePal Wallet Account

Setting up SafePal is easy, regardless of the device you choose. Let’s go through the steps to install the SafePal mobile app.

Step 1: Download the SafePal App

Start by downloading the SafePal app from Google Play on Android or the App Store if using iOS.

Step 2: Create a wallet

Once downloaded, create a new wallet or add an existing one. You also have the option to connect to a hardware device should you already have one.

Step 3: Set a password

Next, you’ll need to create a six-digit passcode. Make sure this is not a number sequence or anything that can be immediately associated with you.

For added security, consider enabling face recognition.

Step 4: Back up your recovery phrase

You’re almost there; all that’s left is to back up your mnemonic phrase.

You can do this on iCloud or save it manually yourself.

Step 5: Access your wallet

Once finished, you can now enter the SafePal app and begin your investment journey.

Customer Support

SafePal is available in 196 countries, covers 16 languages, and operates a self-support system with pre-loaded solutions for all possible issues. These include account security, transactions, bugs or error codes, and token/coin-related problems.

The website gives guidance on other categories, including hardware faults, shipping issues, and general troubleshooting techniques. Additionally, SafePal provides a glossary to help newcomers understand the basics of the platform and the crypto market in general.

Users can also use the SafePal academy to expand their knowledge on areas such as “how to avoid wrong crypto transfers” and other evergreen topics. For those who want community support, SafePal has a strong online presence with over 139,000 members on Telegram and 734,000 on X (Twitter).

For more unique support queries, customers can submit a request, which will be responded to in 2-3 days in most cases.

Is SafePal the Best Crypto Wallet?

While SafePal isn’t a bad option, we don’t think it’s the best crypto wallet. Overall, Best Wallet is a better option for crypto traders.

Firstly, not only is Best Wallet integrated with over 60 chains, including Ethereum, Solana, Polygon, and BNB Smart Chain, but it also has a built-in decentralized exchange (DEX) that offers access to buy and swap thousands of lesser-known tokens. This offers traders more variety and accessibility than many other wallets.

Best Wallet is a non-custodial wallet, offering greater security than custodial options, and doesn’t require any personal information from users. As a no-KYC wallet, all transactions are fully anonymous, meaning that hackers will be unable to trace transfers to a direct identity.

Users are also encouraged to enable 2FA, PIN, biometric authentication, auto-lock timers, and anti-spam protections when using the wallet. These additional features increase the security of the platform and help investors secure their crypto.

The platform also offers access to upcoming tokens via its crypto launchpad, allowing users to get in early on promising projects. Currently, there are five projects listed on the launchpad, which have raised over $60 million between them, signaling huge investor confidence. Previous launches include the likes of Catslap and Pepe Unchained, both of which saw significant price gains on their exchange debuts.

Additionally, upcoming tokens offer investors high staking rewards. For example, one of the tokens currently listed – BTC Bull Token – offers up to 80% APY. Solaxy (SOLX), a layer-2 crypto aiming to unlock Solana’s full potential, is also on Best Wallet and is offering a 125% APY.

Overall, Best Wallet blends both existing and upcoming cryptos on one easy-to-use platform. This makes it simple for investors to find, buy, and swap tokens in one place, as opposed to navigating through multiple devices and access points.

To get started and monitor your crypto while you’re on the move, download the Best Wallet app from the iOS or Android store.

SafePal Review: The Verdict

As with most SafePal wallet reviews, our verdict is that the platform is a safe and accessible solution for newcomers. The non-custodial wallet gives investors control over their digital assets and the option to enhance security through a hardware device.

Investors looking to interact with NFTs, dApps, or simply buy and swap cryptos can do so using the SafePal app, hardware wallet, or desktop extension. Despite this range being suited for more seasoned users, newcomers may prefer one ready-made platform that does the above and more.

Best Wallet stands as this option, offering the benefits of SafePal, as well as access to newer and promising tokens through its built-in crypto launchpad. Follow the link below for more information on Best Wallet.

References

1. 1. $1.5 billion stolen from ByBit exchange (The Guardian)
   2. Microsoft Office impostor targets crypto wallets (Bleeping Computer)
   3. SafePal launches mini wallet on Telegram (Binance)
   4. Trump aims to make America the crypto capital of the world (CNBC)