SafePal S1 Crypto Wallet Review & Tutorial - Must Watch! 

🙏 Thanks brother!

🙏 Thanks, bro! I appreciate the comment and I appreciate you!

🙏 I appreciate your words! Thanks for watching!

Ledger and Trevor have the highest ratings.

Ledger Safepal Trezor all good. But I don't understand why Trezor has to enter your password onto desktop screen. Seems to defeat the purpose of off-line.

​@@dunnoyolo2238wouldnt agree with that at all! Ledger, despite the recovery discussion, has many security lacks, which they are also aware of, but never changed. And Trezor? With all the censorship and They would be able to to block transactions.. Wouldnt go with them at all

For sure! 🙌 Thanks for watching!

🙏 Thank you!

Hi 1. Yes. 2. Your crypto is not actually on the device. Your crypto is recorded on the blockchain. Your wallet secures your private keys that allow you to access your crypto on the blockchain. And yes, the hardware device allows you to sign transactions. 3. Yes.

​​@@WalterPHenry thank you for your help. I have one on order. I saw another review showing that you can send crypto directly to the device. In this case will the balance show on the hardware device and how do you then send the info to the companion app in order to send it out?

When you say no disrespect OR no offense to ANYONE they will take it as the disrespect AND offensive... So be careful how YOU choose YOUR wording with a long with other people. Just thought I'd give ya a heads up. Also I'm just being blunt honest with ya. You can take it and just leave everything as is OR you can backlash and make everything a big issues. But make sure you think twice before you say something like this to ANYONE. I know your probably saying, "Why don't you keep that stuff to yourself." I'll say in response like I already said before, I'm being blunt honest. So yeah just thought I'd say that before you get in trouble with the wrong person one of these days. But otherwise, HAVE A NICE DAY AND KEEP ON INVESTING IN CRYPTOCURRENCY AND THATS ALL!!! :)

You put your time and energy to adding your two cents! Mind your own business.

@@trae326 Lol your funny XD so why don't you understand geez -_- also no offense but your the rude type of women that I HATE AND THE MOST!!! Good bye rude women lol 🤣🤣😆😆

@@trae326 yeah I did put my 2 cents in and it was well worth the time :D I didn't forget about you though ;) your kinda cute by the way :p hopefully you have a girlfriend who loves you 😘

🙌 Thanks bro!

🙏 Thank you! I appreciate you watching!

🙏 Thank you! I appreciate you!

🙏 Thank you for watching! 1. It supports $ADA. But only the Binance version (BEP2 & BEP20) and Ethereum version (ERC20). ADA issued by Cardano is not supported. 2. You can swap USDT through their app

@@WalterPHenry Thank you so much mate

Yes… The Safepal S1 supports BEP20 USDT and TRC20 USDT. When you pair the app with your device, you are viewing the holdings in your wallet.

Yes you can

same... i think this is our only option for a wallet for ustc? ... seems like it

Yes, the earn section allows you to stake your assets in various liquidity pools to earn a reward on your crypto. You can visit that section to see their current offerings. The biggest risk would probably be impermanent loss.

Does that mean you can stake in the cold wallet offline?

🙏 Thank you for watching! The purpose of a crypto wallet is to secure your private keys. Your actual crypto is not stored in the wallet. Your actual crypto is recorded on the ledger of the blockchain that issued it. So the reason you can see your coins value is because you’re basically viewing the asset you have on the blockchain through your wallet. Now, staking is a little different. In most cases, when you stake crypto, your funds leave your wallet. So when you stake, your funds are not in cold storage. The exception to this rule is staking Cardano $ADA. Their stake pools allow you to stake $ADA without your $ADA ever leaving your wallet.

1. No. 2. Yes, if you recover a wallet, the address remains the same. 3. Yes! 😊

@@WalterPHenry thank. So to send out of the S1 hardware I need the safepal app. How does the app recognize the outgoing crypto that's in the s1 that was sent directly from trust wallet?

🙏 Thank you! I appreciate you!

🙏 Thanks for watching!

On their website, check out their “Assets” page. It has all of the cryptos they currently support. Also, be sure to pay close attention to the issuing network.

Fortunately, I have not broken any of the cold wallets I own, but I do agree that you have to be careful because they all seem to be fragile to an extent. Thanks for watching!

how the hell do you break it, never mind break two of them ? 😮 You carry it with you all the time in your back pocket or smth ?

Get a little container for it.

Since buying the wallet I’ve had no problems. It’s solid in my opinion. The company is constantly updating their tech which is a good sign that they won’t be shutting down any time soon.

have you ever considered they’re having a sale because Black Friday is this week lmao

There will most-likely be a gas fee. But that cost should be minimal.

When you set up your wallet, you will be issued an address for the coin you want to hold. For example, if you want to store Bitcoin, you will have a Bitcoin address. As long as you have that address, you can send funds directly to it. Pro tip: Always make sure you are sending funds to the appropriate address. For example, you can not send Ethereum to your Bitcoin address. It must be sent to your Ethereum address.

@@WalterPHenryI was thinking of getting this today. Do you still recommend it? Can I get XRP and XLM from Safepal and transfer them to my wallet from my phone? Thanks!

🙏 Thanks for watching!

SafePal does a good job of regularly updating their technology. If the app is taken down by the App Store ( which has not happened since it launched ), I believe they would make any necessary adjustments to have their app reinstated. With that said, like any other crypto wallet, you are issued a seed phrase during the set up process. In a “worst case scenario”, that seed phrase can always be used to restore your wallet.

@@WalterPHenry thanks a lot!

@@WalterPHenry but don't you need the app to withdraw funds, what good is the seed phrase if you can't withdraw

@@Slabcorn Thats a very good question. Getting delisted from the App store is a risk

They have an app on their website.

You can send your crypto to any cold wallet that supports that asset

You can send coins to any wallet that supports the assets.

Safepal supports a 12 word or 24 word seed phrase.

Yes sir!

Did you verify that the token could be sent to SafePal?

@@WalterPHenry Yes I Did... Thank u So Much For Ur Reply, I would like To Know That.. My All The Token & Coin are Supporting BNB Smart Chain and ERC20 Network... The Difference Is Only The Transfer Fee, So Can I Use BNB Smart Chain for Long Term Holding

It's a mechanism used to clear the critical information stored on a device like a cold wallet. More like if someone tries to open this device it detects that using a light sensor, contact sensor etc, the device clears the memory of the device holding this information

Battery life battery is pretty solid. No complaints on my end!

@@WalterPHenry i hope it will continue to work with USB power after the battery cycle has reached the limit

Thanks bro! My wife actually made those for me.

Usually the biggest hurdle is making sure your XRP wallet is “active”. If your XRP wallet is not active, you will need to send a minimum of 10 XRP to the wallet to “activate” it.

@@WalterPHenry I've got my safepal S1 all set up and ready to go.

The SafePal app can be used as a standalone wallet or connected to the S1 device. It sounds like you’re using just the app. You may need to go through the set up process again to make sure the app and your device are synced properly

@@WalterPHenry yeah I did little more research and got it working.. now when I try to move a coin I need my actual wallet device to confirm the transition.. 👍 thanks for the reply

Yup! 😊

😂 “Intermediary” - Its definitely a mouthful! Thanks for watching!

You can import a MetaMask Wallet into the SafePal app.

It’s always recommended to buy from the actual company. However, if you do end up buying from Amazon, test the wallet before you use it. Here is a video I did explaining how to do that: This Crypto Cold Wallet Hack is Worth Millions - Must Watch! ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-WX0_A5EWxvY.html

🤓

Make sure you’re sending your USDT to a wallet that supports it

@@WalterPHenry yes I did, they ask me to send to a TRC20 wallet which I copied from my Binance but it says SIGERROR. I don’t know why. Any better explanation please? And they always request for another TRX fee for every transaction with or without the transaction process successful

They currently offer a mobile app and a browser app.

😂 Its definitely a solid solution!

@@WalterPHenry I forgot to put a question mark after. I was referring to myself. 😂

Lol! It’s a very user friendly device and it can hold a nice selection of cryptos, so it’s a good cold wallet for just about anybody!

@@WalterPHenrydo you have one and if you do what is a good model on a budget

SafePal is solid! Thanks for watching!

Yes

🙏 Thanks for sharing!

Is there any risk because of it is not open source? Is it become centralized like we have an Binance account?

You are correct. A USB connection can be a susceptible vector. With that said, besides WiFi or Bluetooth, which can also be compromised, how else could you update the device?

@@WalterPHenry Tough one hey

My question is if the company goes out of business who's going to develop and maintain the software

@@WalterPHenry what if the device already supports the cryptos I want, can I just choose not to ever update it or will they make it where you have to every 6 months like most apps

@@Slabcorn i think you can move your wallet to other software wallet and move your funds..

You make a great point! Thanks for sharing!

@@WalterPHenry no problem

Yup! It supports HBAR.

🙏 Thanks for watching

why

🙏 Thanks for watching

Cold storage is always going to be the safest way to protect your funds.

🙏 Thanks for watching