The short version
- Score: 3.6/5, ranked 4 of 17 wallets we rate
- Strongest: Cost (5.0/5)
- Weakest: Security (3.1/5)
- Source code: partly open
This review is generated from public evidence. Every point below links to the fee page, license, audit or report it came from, and the same rules score every wallet we cover. Evidence was last checked on Sep 30, 2026.
Blocklr score: 3.6/5
| Category | Score | Weight |
|---|---|---|
| Security | 3.1/5 | 40% |
| Features | 4.4/5 | 20% |
| Backup and recovery | 3.3/5 | 15% |
| Usability | 3.4/5 | 15% |
| Cost | 5.0/5 | 10% |
How SafePal S1 earned its score
Security: 3.1/5
| What we checked | Points | Why |
|---|---|---|
| Open source | 1.5 / 3 | Partly open source; some components are closed. source |
| Key protection | 3 / 3 | Keys stay on an offline device, secure element (eal6+), air-gapped signing. source |
| Published independent audits | 0 / 2 | No published independent audit found. |
| Incident record since 2019 | 3 / 4 | 1 incident since 2019. |
Features: 4.4/5
| What we checked | Points | Why |
|---|---|---|
| Networks | 3 / 3 | Supports Bitcoin, Ethereum and EVM chains, Solana. source |
| Capabilities | 4 / 5 | Offers staking, swaps, NFTs, app connections. source |
Backup and recovery: 3.3/5
| What we checked | Points | Why |
|---|---|---|
| Recovery options | 2 / 3 | BIP39 recovery, passphrase. source |
Usability: 3.4/5
| What we checked | Points | Why |
|---|---|---|
| Platforms | 2.25 / 3 | Works with iOS, Android, browser extension. source |
| Support | 0.5 / 1 | Email or ticket support. source |
Cost: 5.0/5
| What we checked | Points | Why |
|---|---|---|
| Price or swap fee | 3 / 3 | Costs $49.99. source |
Track record since 2019
Incidents
- 2026 · Data breach: Disclosed 16 Aug 2026: an authorization flaw in the order-tracking function of a store plug-in exposed names, emails, shipping addresses, phone numbers and purchase details of about 39,798 customers who ordered between 2 Mar 2025 and 11 Apr 2026; the data was offered for sale on a cybercrime forum. SafePal said seed phrases, private keys and payment data were not exposed and that it found no evidence the incident itself compromised wallets or funds. source
Who SafePal S1 fits
A good fit if
- You hold enough crypto that keeping keys offline is worth paying for.
- You hold coins on Bitcoin, Ethereum and Solana and want one wallet for all three.
Think twice if
- You care most about security: it is SafePal S1's lowest category at 3.1/5.
Goes to the official site. Blocklr earns nothing from this link.
Frequently Asked Questions
Is SafePal S1 open source?
Partly. Some components of SafePal S1 are closed. SafePal says 'essential aspects of the code for private key generation and other important features are open source'. A GPL-3.0 repo (github.com/SafePalWallet/safepal-s1) holds part of the application layer only; WalletScrutiny (updated 2025-12-23) found it incomplete and not buildable. The rest of the S1 firmware is not published. Kraken Security Labs reported in 2021 that the firmware was encrypted and that GPL source for U-Boot/Linux was not provided.
How much does SafePal S1 cost?
SafePal S1 costs $49.99.
Has SafePal S1 had a security incident?
Yes. We found 1 incident since 2019; the details and sources are in the track record above.
How is SafePal S1's score calculated?
SafePal S1 scores 3.6/5. The score is calculated by fixed rules from public evidence, and the same rules apply to every wallet. No company can pay to change it.
About this review
Blocklr has no affiliate, advertising or sponsorship deal with SafePal S1 or any other platform, so nothing here was paid for. Scores come from the rules in our review methodology. A fact we could not confirm scores as the lowest tier, which can make a score lower than it deserves. If something is wrong or out of date, tell us and we will check the source and correct it.