FAQs Frequently Asked Questions
Crypto Report
What are your views on the SafePal Hardware wallet (SFP)?
Q: What are your views on the SafePal Hardware wallet (SFP) and built-in trading software? Do you feel it has disruption potential to the cold-storage sector currently dominated by Trezor and Ledger since it doesn’t require an intermediary like metamask?
A: Safepal has far greater interconnectivity and utility than Trezor and Ledger. Safepal enables one to store, buy, manage, swap, and trade 10,000+ cryptocurrencies and can interface with major exchanges. One can easily manage multiple hardware wallets, software wallets, and trading wallets all in one place. That said, all storage devices, whether online or offline (cold) carry risk, albeit very small in some cases, so do your due diligence. Often, it is user error that can make one vulnerable to getting hacked. This could include phishing attempts and other scams that are not the fault of the wallet itself.
A: Safepal has far greater interconnectivity and utility than Trezor and Ledger. Safepal enables one to store, buy, manage, swap, and trade 10,000+ cryptocurrencies and can interface with major exchanges. One can easily manage multiple hardware wallets, software wallets, and trading wallets all in one place. That said, all storage devices, whether online or offline (cold) carry risk, albeit very small in some cases, so do your due diligence. Often, it is user error that can make one vulnerable to getting hacked. This could include phishing attempts and other scams that are not the fault of the wallet itself.
| First published: | 25 Mar 2021 |
| Last updated: | 25 Mar 2021 |