SafePal X1
4.3 ⭐⭐⭐⭐
SafePal X1
- SafePal was founded in 2018 by Veronica Wong (backed by Binance Labs). It builds self-custody solutions and has over 10 million users worldwide. SafePal is one of the most recognized brands in cold custody services globally.
- The X1 debuted as SafePal’s first open-source Bluetooth hardware wallet at Token2049 Singapore and became commercially available on 5 September 2024.
- SafePal has had numerous investors and significant partners, including Binance. The company has grown at a steady clip and is now seen as a viable rival to Ledger and Trezor as a provider of the best crypto cold wallets globally.
- Security Features: 4.0 ⭐ 80%
- Supported Cryptocurrencies: 5.0 ⭐ 100%
- User Experience (UX): 3.0 ⭐ 60%
- Integration & Compatibility: 4.0 ⭐ 80%
- Backup & Recovery Options: 5.0 ⭐ 100%
SafePal X1
Crypto cold wallets are widely regarded as the most secure means of storing your digital assets. Unlike software-based hot wallets, cold wallets store your private keys (the access point to your crypto) offline, usually in a hardware device. Not all cold wallets are the same, of course, and providers will take different approaches to security. The SafePal X1 is an example of a Bluetooth-enabled cold wallet, which differs from the air-gapped signing methods used in other SafePal models (SI, SI Pro).
The SafePal X1 is regarded as an affordable Bluetooth crypto cold wallet, but is it the right choice for you? In our hardware wallet review, we will break down everything you need to know about the X1. Discover how it compares to other top crypto hardware products in terms of price, security, token support, user feedback, and more.
Key Features & Functionalities
Security Features
Includes a CC EAL5+ secure element, open-source firmware, and Bluetooth signing, but lacks air-gapped security.
Supported Assets
Supports over 200 blockchains and unlimited tokens (e.g., BTC, ETH, SOL).
User Experience (UX)
Features a 1.3-inch monochrome display, buttons, and a 200 mAh battery; no touchscreen.
Integration & Compatibility
Works with the SafePal App and Extension for portfolio management and Bluetooth signing.
Backup & Recovery Options
Offers a BIP39 seed phrase and compatibility with metal backups.
Pros and Cons of SafePal X1
Pros:
Fully opensource. The crypto community can verify the firmware code.
Bluetooth 5.0. The device enables phone/PC signing without QR juggling.
CC EAL5+ secure element. Secure Element chip acts as an electronic vault for your private keys.
Universal token support. The X1 supports 200+ blockchains & virtually unlimited tokens.
Cons:
Not airgapped. Users debate Bluetooth signing versus air-gapped.
200 mAh battery. The device will require more frequent charging than the S1 Pro (500mAh).
No touchscreen. Button entry can feel dated next to Eink or OLED touch rivals.
Security Features
Secure Element
CC EAL5+ certified chip isolates private keys.
OpenSource Firmware & Schematics
Code published on GitHub for community audit.
HighSpeed Bluetooth 5.0 Signing
No datacapable USB link; USBC port is poweronly.
PIN (up to 50 digits) & Passphrase (hiddenwallet) support.
Ondevice confirmation
For every Tx & firmware update
Supported Cryptocurrencies
200+ blockchains & unlimited tokens
(BTC, ETH, SOL, ADA, BNB Chain, meme & ERC/BEP tokens). Additional assets can be added via custom contract or a firmware upgrade.
User Experience (UX)
1.3-inch IPS monochrome display
(320 × 320).
12 physical buttons + Dpad
For quick navigation/entry
200 mAh battery
(2 hrs continuous use, USB-C charging).
ABS + PVC housing
Keeps weight low while resisting scratches.
Multilingual UI
(15 languages) and darkmode.
Integration & Compatibility
SafePal App (mobile/desktop)
Portfolio, swap/bridge, NFT gallery, Binance Earn yields.
SafePal Extension Wallet
Browser-based DeFi gateway; Bluetooth signing keeps keys on X1.
WalletConnect & dApp support
(Uniswap, OpenSea, Aave, etc.).
Backup & Recovery Options
BIP39 12/24word seed phrase
Generated ondevice
Passphrase / “25th word”
For hidden wallets
Works with SafePal Cypher Seed Board
Or third-party metal backups
Security & Risks Assessment
No direct exploit of the X1 hardware has been reported. A 2024 phishing wave targeted SafePal users via fake upgrade sites, but no device compromise occurred. SafePal expanded its domain monitoring and released phishing detection tips. The company is highly active on crypto security platforms, providing analysis for the sector in general and keeping holders abreast of security trends and new risks.
User Protection Measures
- Mandatory on-device verification of firmware & transactions.
- Public bounty program on ImmuneFi for firmware bugs.
- Bluetooth link uses AES-encrypted pairing and one-time payloads.
Potential Risks
Wireless attack surface: Unlike the air-gapped S1 Pro, X1’s Bluetooth could be probed. You can mitigate this risk by pairing only with trusted devices.
EAL5+ vs EAL6+: slightly lower certification level than S1 Pro or Ledger Flex, though EAL5+ certification is still seen as a very high standard in security testing.
User Reviews & Community Feedback
Trustpilot Ratings & Reviews
SafePal gets a Trustpilot rating of 4 out of 5, with generally favorable ratings. The X1 is commended specifically on price and token support. SafePal generally gets universal praise for dedicated customer service, which is not always a given in the crypto sector.
Reddit & Crypto Community Discussions
Reddit (r/SafePal) posters appreciate opensource code (this was a significant move from SafePal) but debate Bluetooth vs QR security trade-offs.
YouTube & blog reviewers highlight value pricing, unlimited token support, but like Redditors, critiques focus on lack of airgap.
Expert Endorsements: Cointelegraph press release hailed X1 as “the first mainstream opensource Bluetooth wallet
Pricing & Cost Analysis
The SafePal X1 has an eye-catching retail price of $69.99, making it an affordable option for a device with Bluetooth signing and a Secure Element chip. SafePal does not push subscriptions, nor does it have hidden costs. You can purchase additional products to support your X1 device, including the SafePal Cypher seed board, an indestructible metal backup for recording your seed phrase. SafePal often offers bundle promos, giving money off when buying the X1 in pairs or with additional accessories.
| Feature | SafePal X1 | SafePal S1 Pro | Ledger Nano S Plus |
|---|---|---|---|
| Security Features | EAL5+ SE, Bluetooth 5.0, opensource | EAL6+ SE, airgapped, selfdestruct | EAL5+ SE, USBC only |
| Supported Cryptos | 200+ chains, unlimited tokens | 200+ chains, unlimited tokens | 5 500+ coins & tokens |
| Companion App | SafePal App & Extension | SafePal App & Extension | Ledger Live |
| Staking Support | Inapp swaps, Binance Earn | Inapp swaps, Binance Earn | Yes (via Ledger Live) |
| Price | $69.99 | $89.99 | $79 |
| Display | 1.3″ colour (buttons) | 1.3″ colour + QR cam | 0.96″ mono OLED |
| Battery | 200 mAh | 500 mAh | USBpowered |
Final Verdict & Recommendations
The SafePal X1 is marketed as an entry-level open-source Bluetooth wallet, slotting neatly between more expensive air-gapped models (like the S1 Pro) and budget USB models like the Trezor Model One. It’s certainly affordable and has superb benefits, including support for storing just about every crypto token imaginable. Nonetheless, some users prefer air-gapped signing, and there may be some concerns about the physical durability of the X1 as a plastic device.
Arguably, the X1 is best for users who favour convenience (wireless signing) and transparency (open source) over absolute airgap purity. In addition, as with all SafePal devices, users who wish to hold a wide range of tokens can use the S1, knowing that universal support is offered. Overall, X1 offers impressive security and unlimitedtoken flexibility for its price, so it’s an easy 4.3 out of 5 in our book.
Our Rating
4.3 ⭐
⭐ 4.3 | SafePal X1
FAQs
Is the SafePal X1 the safest cold wallet?
Cold wallet providers apply different security features to each device, causing a debate over which is the safest cold wallet. In the case of the SafePal X1, that debate centers on encrypted Bluetooth transaction signing vs. other methods, such as air-gapped signing with QR codes or microSD cards. Each has positives and negatives. However, we can say that the X1 offers robust security, especially if the user employs best practices in keeping their hardware wallet secure.
Can I store multiple cryptocurrencies in this wallet?
Yes. One of SafePal’s calling cards across all devices, including the X1, S1, and S1 Pro, is the facilitation of cold storage for technically every type of cryptocurrency across 200 blockchains. This naturally includes major tokens like Bitcoin, Ethereum, Solana, and XRP, major memecoins like Doge and Pepe, and stablecoins like USDT and USDC. Custom tokens can also be added to the wallet.
How does SafePal X1 compare to THE SafePal S1 Pro?
The X1 is somewhat cheaper than the S1 Pro ($69.99 versus $89.99). The devices are different in numerous respects. The X1 has a monochrome screen, 200mAh battery, and a Bluetooth signing mechanism, whereas the S1 Pro has a color screen, 500mAh battery, and 100% air-gapped signing. Both devices can host an unlimited number of tokens.
Does the SafePal X1 support staking and DeFi?
Yes. You can connect your X1 to the SafePal App (mobile and desktop) to access decentralized applications, swaps, NFT management, staking, and yields. By connecting the wallet to the app, your private keys remain offline on the former, keeping them secure and free from any online threats.
How can I recover my wallet if I lose access?
You will receive a recovery phrase – a 12 or 24-word mnemonic password – on setting up your SafePal X1 crypto wallet. The recovery phrase, sometimes known as a seed, is an essential part of crypto custody. Should you lose access to your wallet, the recovery phrase restores access to your crypto on a new wallet (SafePal wallet or other compatible device). Never share your recovery phrase with anyone and keep it stored offline (written down).
Best Security Practices for Crypto Cold Wallets
If you buy a crypto cold wallet, you’ve taken the logical step to securing your digital assets. Hot wallets are convenient for crypto trading and daily transactions, but a cold wallet is a must for storage of valuable digital assets. That said, there are still risks, and you can always take additional steps to ensure your assets remain safe.
- Only purchase crypto cold wallets from trusted platforms, such as the SafePal official website.
- On receiving your device, look for evidence of tampering of the packaging or hardware. SafePal will replace any device that has evidence of tampering free of charge.
- Use additional security measures offered by cold wallet providers: PINs and passphrases, for example.
- If you have valuable assets, such as a large holding of BTC, consider additional wallets or metal backups.
- Write down your recovery phrase on a piece of paper and store it somewhere secure, like a safe.
- Stay engaged with the crypto community at large, following cold wallet security experts on social media, for example. This will keep you abreast of any cold wallet security threats.