How To Use Safepal Wallet?

Safepal wallet is one of the best hardware wallets with amazing features that they’re providing. But in this article, we will be looking at how to use the Safepal wallet. As many investors don’t know how to use this wallet, so don’t worry we will share each and every piece of information about Safepal wallet.

Also Read:- How To Send Bitcoin From Safepal Wallet in 2023 With Easy Steps

What is a Safepal wallet?

Safepal wallet is a hardware wallet that stores your private keys which are generated with an offline computer to ensure their safety. The wallet also supports over 500 coins and tokens which makes it more versatile and attractive to its users. It is one of the safest hardware wallets on the market.

Simple steps to set up a hardware wallet

Once you’ve verified the Safepal hardware wallet as genuine and safe to use, you can set up the wallet very easily in just a few steps. All you need to create a new wallet or recover the existing wallet in it. On the Safepal device, you will see an option to choose between 'Create New Wallet' or 'Recovery My Wallet'. 

Also Read: How To Withdraw Money From Crypto.com To Bank Account

Step 1:- From the SafePal website, update the firmware of your S1 hardware wallet
Step 2:- Open the SafePal App, on the 'Asset' page, click the + icon in the right middle corner
Step 3:-  Select all the coins that you want to add to your wallet
Step 4:-  Scan back and forth between the App and the S1 hardware wallet, so that add coin is transferred to the S1 hardware wallet and activates the coin algorithm.
Step 5:-  Now your coins have been successfully added and you can manage your coins in Safepal easily.

Read Also: How to Withdraw Money From eToro

Safepal User experience

Setting up a Safepal wallet is a quite clean task. After you download and open the SafePal App, you've got alternatives to pick from— software program wallets and hardware wallets. You can handiest pair hardware wallets. You can create a brand new wallet for the software program wallets in case you are a brand new consumer or import the vintage one. New customers can create a software wallet via way of means of tapping on the “Software Wallet” tab. This might lead you to the welcome screen. Then you press the “Next” button. You may be robotically requested to set a protection password to your SafePal software wallets.

Safepal fees

Each swap order and bridge order incurs a fee of 0.3 percent. The blockchain gas fee is not included in this. Bridge orders are swap orders that exchange the same token between two blockchains, such as BNB (BEP2) to BNB (BEP20) or USDT (TRC20) to USDT (BEP20). Safepal does not charge any fees for bridge orders.

Also Read:- How To Send Bitcoin From Safepal Wallet in 2023 With Easy Steps

Is Safepal wallet a safe option?

The Safepal wallet is a secure wallet. The only thing you need to worry about is not losing your seed phrase. So, in simple words don’t lose your seed phrase and always keep it safe. Rest here are some safety features of the Safepal wallet that we are going to share. 

• 2 Factor Authentication

• Safepal cipher seed board

• Key deletion tool