Admittedly, entering the crypto world is not always easy. There is a lot of knowledge that you have to acquire and once you have the cryptocurrencies, then you have to pay attention to the security of keeping your seed phrases safe. An important rule to remember is that crypto assets can be lost or even stolen too easily via scams, negligence and hacks. To counter the problem, SafePal has developed an interesting solution, the SafePal S1 hardware wallet.
A hardware wallet is a device that manages the private keys of cryptocurrencies. The device is designed in such a way that the keys cannot leave it. Transactions are sent to the device, where they are electronically signed, using the private key kept within the hardware wallet. After the signing the transaction can be then authorized and processed. Thus providing one of the highest levels of crypto asset security.
The Safepal S1 Hardware Wallet
The S1 hardware wallet has been drawing quite a lot of attention in the crypto space lately. With the recent launch of SafePal SFP Token, SafePal is now the 1st tokenized hardware wallet in the crypto industry. Along with the support and investment in the project from Binance Labs, SafePal had a massively successful round 1 SFP Token Airdrop.
The S1 is characterized by a mixture of affordable prices and high safety standards. The built-in chip is EAL 5+ tested, making it one of the safest of its kind. The hardware wallet supports a variety of main networks, including Bitcoin, Ethereum, Binance BNB, and 17 others. You can also manage the keys to over 10,000 different tokens with the S1. The S1 also supports recent innovations such as DeFi or NFT. Because of its proximity to Binance, the most important offers, such as Binance DEX and Spot Trading, are integrated directly into the wallet.
The ease of use of the S1 is valued in the crypto world and makes an important contribution to its success. The hardware wallet is designed to be light and handy and can therefore easily be taken anywhere. As already mentioned, the price/performance ratio of the S1 is unmatched in the industry. A wallet currently costs only $ 39.99 (€ 32.5).
The SFP token
Another special feature of SafePal is the introduction of the SFP token launched on the Binance Smart Chain. SafePal wants to use innovative incentives to educate a young generation of users in the crypto world. You can get your first SFP tokens by installing the following app on your smartphone. Currently the SafePal Round 2 Airdrop is in effect and launched on January 13 2021 with its ecosystem partners PancakeSwap, Trust Wallet, Binance, Harmony Protocol, AAVE, Venus Protocol, Travala, 1inch Exchange, Injective Protocol, ARPA Protocol, Wazir X India, DigiByte, Bella Protocol.
If you wish to learn more and participate download the SafePal App Today.