Binance Smart Chain | Safepal S1 Review | Hardware Wallet Bitcoin

Binance Smart Chain | Safepal S1 Review | Hardware Wallet Bitcoin



Binance Smart Chain | Safepal S1 Review | Hardware Wallet Bitcoin

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Welcome to our Binance Smart Chain Video!

SafePal provides efficient and highly secured hardware and software wallets for crypto investors and traders alike. These wallets are incorporated into the SafePal App, a one-stop solution, allowing users to store, manage, and easily trade their crypto assets.

Once you’ve made up your mind to acquire or invest in digital assets (cryptocurrencies and tokens), the most vital question becomes how to safeguard your coins. This is because, unlike paper currency like the USD, you cannot store your Bitcoin or any cryptocurrency by locking it up in your closet or putting it in a bank.

However, the good news is that transactions on the blockchain are secure – as long as your private key is protected. So the big question is, how do you secure your private keys? The answer is not far-fetched. Thanks to technology, dedicated software and hardware wallets like Trezor, SafePal, Ledger and others provide a medium for storing your private keys safely.

SafePal is a company backed by Binance Labs, the venture arm of crypto exchange Binance. The company’s essential products and services are SafePal S1 Hardware Wallet, SafePal Cypher Seed Protection Board, SafePal Leather Protective Case and the token known as SafePal Token (SFP).

Safepal S1 Hardware Wallet
SafePal S1 Hardware Wallet was launched in January 2019 and as such, it is considerably new to the crypto space. The wallet supports 20 blockchains (including Binance Chain and Binance Smart Chain (BSC) and excluding its native coin), 10,000+ tokens, including Non-Fungible Tokens (NFTs). It is the first wallet launched by SafePal.

Tip: Non-Fungible Tokens are pieces of digital content supported by blockchain. Each NFT has its unique value and cannot be interchanged.

SafePal Cypher Seed Protection Board
SafePal Cypher is a 304-grade stainless steel board designed to protect mnemonic phrases (secret groups of words representing a wallet) of your cryptocurrency hardware or software wallets from factors like water, fire and corrosion.

The SafePal Cypher is 100% offline and makes for easy installation and usage. It is used to safeguard your seed phrases. The SafePal Cypher is compatible with Ledger Nano, Trezor, KeepKey and basically all BIP39 hardware and software wallets.

SafePal Leather Protective Case
SafePal Leather Protective Case is a water-proof, anti-drop and scratch-proof leather case. It performs the dual function of protecting your wallet from scratches/bumps and keeping your credit cards in order.

Among its salient qualities is a beautiful PU surface with a soft velvet interior that does the vital job of protecting your wallet against scratches. It also incorporates an invisible reinforced magnetic buckle that keeps it close after use, ensuring that your wallets and credit cards don’t fall off. It is lightweight and effortless to slip into your jean pocket or handbags.

I hope you found value in our Binance Smart Chain video. Make sure to leave a like on the video if you gained value from it!

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

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⏰TimeStamps⏰

00:00 Intro
00:30 SafePal Project Tutorial
08:35 Summary

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