SafePal Takes on Ledger and Trezor, Launches Bluetooth-Capable Hardware Wallet

Summary:
• The X1 Wallet comes with all the key features of its predecessor, S1, and SafePal is counting on it as a strong product to take on rivals.

SafePal, a leading noncustodial crypto wallet suite supported by Binance Labs and Animoca, has released the X1, a new bluetooth hardware wallet, and made it features open source. The X1, at $69.99, is the first bluetooth addition to the SafePal hardware wallet series, which previously only included the air-gapped S1 and S1 Pro.

Key features of the SafePal X1 wallet

In respect to its flagship wallet, SafePal has ensured that the X1 keeps many of the same key characteristics as the S1, such as an anti-tamper self-erasing mechanism, a CC EAL5+ secure element, enhanced portability, a larger 1.8′ screen with fast bluetooth connectivity, and a user-friendly 12-button D-pad.

SafePal’s developers said they are currently adding more features to their wallet solution suite to make it easier for more people to interact decentralised apps safely. This is a strategy to help the company compete with other market leaders like Ledger and Trezor. In addition to the 100+ blockchains already supported by the blockchain-agnostic wallet suite, SafePal has added support for newer networks like Base, Mantle, and Linea.

To further improve transparency and confidence, key sections of the X1’s main code have been published open-source in phases as well. This year’s Q4 will see a continued emphasis on the move to open source for components such as the S1 line’s firmware and the SafePal browser plugin.

SafePal says that Keylabs conducted a thorough security audit of the X1, and any major issues were fixed before the device was approved for deployment. At Token2049 in Singapore’s Marina Bay Sands, SafePal will announce and showcase the commercial debut of the X1, and the first five thousand attendees will be able to claim a free unit of the new bluetooth wallet as part of an initial campaign.

With over 10 million users, 15 language support, and compatibility with 100+ blockchains and their fungible and nonfungible currencies, SafePal is a global leader in its field. Also included are user-friendly cross-chain swapping, trading, and yielding tools for managing a user’s crypto assets.