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Crypto wallets (15)
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SafePal vs Ledger Nano S in comparison

Overview

Description

The SafePal S1 is a hardware wallet for cryptocurrencies that operates without a physical connection to other devices (e.g., via USB). Instead, it uses QR codes generated on the wallet for transactions.

SafePal
Reviews

The Ledger Nano S is the most popular hardware wallet on the market, the price-performance ratio makes it one of the top choices for many beginners.

Ledger Nano S
Reviews
Pro's & Con's
Pro's
  • Easy operation
  • Connection via QR code
  • Well-designed security features
  • Affordable price
  • Color display
Con's
  • Lesser-known company
  • Not open source
Pro's
  • High security and excellent price-performance ratio.
  • Ideal for beginners with a limited budget.
  • Supports a wide range of cryptocurrencies.
  • User-friendly and straightforward setup.
Con's
  • Limited app storage compared to newer models.
  • No Bluetooth connectivity, making it less convenient for mobile use.
  • Upgraded models like Nano S Plus and Nano X offer better features.
  • Small screen size can be less convenient for frequent use.

User Interface

Information

Wallet type
Hardware
Hardware
Price (Hardware)
49 €
$79
Supported assets
30000
+
5500
+
Open Source
yes
Yes
no
No
yes
Yes
no
No
Anonymity
Low
Medium
High
Low
Medium
High
Private Key Owner
You (Non-Custodial)
You (Non-Custodial)
Popularity
555,643 Followers
621,905 followers

Hardware

Screen
240 x 240 pixels
128 x 32 pixels
Interfaces
QR code
USB C
Service
Haptic buttons, smartphone
Haptic buttons
Processing quality
Low
Medium
High
Low
Medium
High
Secure Elements
CC EAL5+
CC-EAL5+
FIDO U2F Authenticator
yes
Yes
no
No
yes
Yes
no
No
Certification
-
ANSSI
Dimensions
86 mm x 54mm x 6mm
56.95mm × 17.4mm × 9.1mm
Weight
124 g
16g
Scope of delivery
1 SafePal hardware wallet, 1 cleaning cloth, 3 recovery slips, instructions, 2 stickers, 1 USB cable
1 hardware wallet, 1 USB-C to USB-A cable, 1 getting started leaflet, 3 recovery sheets, 1 lanyard

Features

Buy & Sell
yes
Yes
no
No
yes
Yes
no
No
Staking
yes
Yes
no
No
yes
Yes
no
No
NFT Integration
yes
Yes
no
No
yes
Yes
no
No
Two-factor authentication
yes
Yes
no
No
yes
Yes
no
No
Multi Signature
yes
Yes
no
No
yes
Yes
no
No
Backup
Recovery Seed (24 words)
Recovery Seed (24 words)
Unique Features
  • SafePal App
  • SafePal Earn
  • QR-Code (air-gapped signing)
  • Self-destruction function
  • Hidden wallet (credible deniability)
  • Ledger Live App
  • Up to 100 apps
Available for US users?
yes
Yes
no
No
yes
Yes
no
No
Platforms

Wallet Rating

Overall rating
8.0
10
8.7
10
Our individual ratings
Operation
8
8
complicated
simple
Supported Assets
30000
5500
simple
extensive
Security & Trust
8
9
simple
extensive
Functions & Scope
9
9
simple
extensive
Beginner friendliness
7
8
simple
extensive
Support
6
8
simple
extensive

About

The Company
SAFEPAL LTD.
Ledger SAS
Headquarters
Seychelles
France
Company size
Small
Medium
Large
Small
Medium
Large
Founder
Veronica Wong
Eric Larchevêque, Joel Pobeda, Nicolas Bacca, Thomas France
Year of foundation
2018
2014

Our Review

The SafePal S1 is a uniquely designed hardware wallet. The device generates a unique QR code on its built-in screen, which can be scanned with a smartphone and the associated software. With that feature, the wallet is never physically connected to a computer or smartphone, which is very different from other hardware wallets in the space. While SafePal is quite innovative with its features, we emphasize trust, transparency, and open-source, we lean towards more well-known competing products e.g. Trust Wallet. If these points, however, are less important to you, the SafePal S1 is a high-quality wallet offering great value at an affordable price.

Safepal
Review

The Ledger Nano S was the first successful hardware wallet on the market and continues to be a market leader. As a classic wallet, it provides high security and an excellent price-performance ratio, making it perfect for beginners on a tight budget. In recent times, Ledger the company started rolling out features that might be controversial e.g. the storing / recovering of a user's crypto seeds. While this might not be a concern for beginners, more advanced users started to migrate to Trezor. With that said, if you are a beginner who prefers design and an easy user interface on a budget the Ledger Nano S is your top choice. If you, however, pay much importance to security you might want to consider opting in for the Trezor wallet instead.

Ledger Nano S Plus
Review
By
Ethan Parker
Senior Content Editor

Summary

Ethan Parker
By
Ethan Parker
Updated:
August 20, 2024

About the author

Ethan Parker
Ethan Parker
Senior Content Editor

At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.

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