SafePal (SFP) (founded in 2018) is a cryptocurrency wallet that helps users to protect and grow their decentralized assets. It is also the first hardware wallet invested and backed by Binance.^[1]

SafePal is dedicated to providing a secure and user-friendly crypto management platform for the masses to secure and grow their crypto assets safely and conveniently. It is the first hardware wallet invested and backed by Binance.^[33]

SafePal provides hardware wallet and software wallet product lines, all paired and managed through the SafePal App, where users can easily store, manage, swap, trade, and grow their crypto wealth without compromising asset security.

SafePal is now serving over 60,000 users from more than 80 countries through its unique hardware wallet and software wallet product lines, all paired and managed through the SafePal App.^[2]

SafePal is powered by 4 core components which are: SafePal Wallets; SafePal Wealth; SFP Token and Ecosystem

SafePal was founded in January 2018.

The SafePal Team comes from a diverse industrial background, overlapping more than a decade worth of experience in hardware, software, User interface design, and Cybersecurity. As a team deeply rooted in both hardware and software, SafePal aims to resolve the current pain points hindering crypto custodian experience for the masses, and combine security, simplicity, and accessibility on a unified product.

Being based in Asia with close ties to Shenzhen (China’s hub for cryptocurrency), the team has a wealth of resources with leading tech giants like Tencent, Huawei, and Samsung. Shenzhen being the silicon valley of hardware and the global leader in electronic production, the ability of SafePal to source high quality components is unparalleled. With the huge competitive advantage in the industry, economy of scale, extremely fast concept to inception speed, SafePal is able to produce the highest quality product for a fraction of the cost compared to other competitors.^[34]

SFP is short for SafePal Token, a utility token that fuels the entire SafePal ecosystem.

SFP is a decentralized digital asset based on the Binance Smart Chain, with a limited total supply of 500,000,000, issued by SafePal.^[3]

Users may use SFP for discounts on the SafePal products and services such including but not limited to:

• discounts on purchasing SafePal Hardware Products including wallets and accessories

• discounts on the swap and trading services within the App

• fees for submissions to the SafePal repository

• fees for publishing AD banners within the App

• fees for DApps ranking within the DApp store

• fees for customized hardware wallet solutions

• fees for future services such as the collectible marketplace

SafePal users can utilize SFP to claim special coupons and enjoy extra yields on the SafePal Earn and Lending programs.

SFP token holders have the privilege to:

• enjoy special coupons from SafePal and its partners

• join exclusive campaigns launched on the SafePal platform

• claim special collectibles from SafePal and its partners

SFP token holders have the privilege to enjoy incentives such as token airdrops from ecological partners, staking rewards, or limited SafePal NFTs.

SFP token holders have the ability to create proposals and vote for new features such as adding new blockchains on the SafePal products.

SafePal S1 Hardware Wallet is a 100% offline and decentralized hardware wallet that has supported 20 blockchains and over 10,000 cryptocurrencies. SafePal S1 is embedded with advanced security technology including Evaluation Assurance Level secure element, Self-destruct mechanism, device authentication mechanism, etc.

Key features include:

SafePal Cypher is a metallic seed phrase board that protects your mnemonic phrase against water, fire, salt, and corrosion.

Key features include:

SafePal Leather Cover is a SafePal wallet accessory to protect SafePal S1 Hardware wallet from scratches and bumps and act as a multi-functional Cardholder to keep cards in place.

Key features include:

SafePal Software Wallet is a secure decentralized wallet that enables users to easily import, recover and manage wallets and crypto assets on mobile devices.

SafePal App is a user-friendly application for users to manage SafePal Hardware Wallet and SafePal Software Wallet at the fingertips. The SafePal App is built with powerful features including buy, Swap, trade and Decentralized application (DApp). It is available on the SafePal website^[27], App Store^[28] and Google Play^[29][30].

SafePal Swap is an automated market taking protocol that enables users to swap tokens/coins instantly across different blockchains including but not limited to Ethereum (ETH), Bitcoin, and Binance Smart Chain. Pricing will fluctuate based on the market situation.

SafePal Earn is an aggregator that aggregates all wealth creation programs on the market regardless of CeFi or DeFi.

Users can view, search and select programs with diversified APYs according to their personal risk preferences. SafePal Earn will be launched in Q1 2021. In the future, SFP holders who stake SFP and participate in SafePal Earn programs that are issued by SafePal official will enjoy extra yields out of each program.

There are several blockchains and cryptocurrency organizations that partnered with SafePal, including Binance, Trust Wallet, HarmonyCoin, Simplex, Wallet Connect, Litecoin, Neo, TRON, Ripple, Bit temple, Dash, Qtum, Dogecoin, DigiByte, Zcash, Polkadot, Stellar, Kusama, Coin Payments, JustSwap, 1INCH, Uniswap, and Compound.

SafePal has active accounts on Twitter^[5], Telegram^[6], Linkedin^[23] and YouTube^[7]