SafePal Launches Open-Source X1 Bluetooth Hardware Wallet

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The cryptocurrency landscape continues to evolve, and with it, the demand for secure, accessible, and transparent digital asset management solutions. In a significant move that reinforces trust and innovation, SafePal—a leading noncustodial crypto wallet suite—has officially open-sourced its entire wallet ecosystem and unveiled the X1, its first Bluetooth-enabled hardware wallet. This strategic development marks a pivotal moment in SafePal’s mission to democratize Web3 access while enhancing security and transparency for millions of users worldwide.

Introducing the SafePal X1: A New Era in Hardware Wallets

Priced at $69.99, the X1 represents the second hardware model in SafePal’s growing lineup, joining the popular S1 and S1 Pro air-gapped devices. Unlike traditional hardware wallets that rely solely on USB connections, the X1 introduces Bluetooth 5.0 connectivity, enabling seamless interaction with mobile devices without compromising security.

The X1 features a 1.8-inch high-resolution display, an intuitive 12-button D-pad, and a CC EAL5+ certified secure element—ensuring military-grade protection against tampering and side-channel attacks. It also includes an anti-tamper self-erasing mechanism, which wipes private keys if physical intrusion is detected. These features, combined with improved portability, make the X1 a compelling option for both beginners and experienced crypto holders.

“Our continued efforts to give crypto users accessible and secure cold-storage solutions over the past five years have culminated in the creation of the X1, and we are excited to go open-source for our wallet suite,” said Veronica Wong, CEO and co-founder of SafePal.

The commercial launch of the X1 was officially unveiled at Token2049 in Singapore, where the first 5,000 visitors to the SafePal booth received a free unit—an initiative designed to accelerate adoption and user engagement.

Why Open-Sourcing Matters for Crypto Security

SafePal’s decision to open-source its wallet suite is a bold step toward greater transparency in the crypto industry. By making core components of its mobile app, hardware wallet firmware, and QR code communication protocols publicly available, SafePal invites independent developers and security researchers to audit, verify, and contribute to its codebase.

This move directly addresses long-standing concerns about closed-source wallets, where users must trust that private keys and transaction signing processes are secure—without being able to verify them. With open-sourcing:

Security audits for the X1 were conducted by Keylabs, a reputable blockchain security firm. All critical findings were resolved prior to launch, ensuring a robust foundation for the new device.

👉 Discover how open-source technology is reshaping digital asset security

Expanding Web3 Accessibility with Broader Chain Support

SafePal supports over 100 blockchains, including Ethereum, BNB Chain, Solana, Bitcoin, and emerging Layer 2 networks like Base, Mantle, and Linea. This multi-chain compatibility ensures users can manage diverse portfolios—from fungible tokens to NFTs—within a single interface.

In addition to broad network support, SafePal offers integrated tools such as:

These features empower users to interact seamlessly with decentralized applications without sacrificing control over their assets.

Strategic Backing from Industry Leaders

SafePal’s growth has been fueled by strategic partnerships and investments from some of the most influential players in Web3:

Nicola W., Investment Director at Binance Labs, emphasized SafePal’s role in expanding access:

“As an early incubation project of Binance Labs, SafePal’s ongoing expansion of its wallet solution suite will continue to enable a diverse group of users to securely interact with decentralized applications.”

Yat Siu, Co-founder and Executive Chairman of Animoca Brands, echoed this sentiment:

“The evolution of SafePal toward open source is especially exciting for us to see… The added transparency paves the way for SafePal’s decentralized wallet offerings to serve as an even more appealing gateway to Web3 adoption.”

Jacob Ko, Partner at Superscrypt, highlighted the importance of user-friendly hardware:

“Using a hardware wallet to secure the most valuable parts of your digital asset portfolios is best practice… secure and user-friendly solutions like SafePal’s lightweight X1 are making this easy for everyone.”

The Role of SFP Token in the Ecosystem

At the heart of SafePal’s ecosystem is the SFP token, a dual-chain utility token (BEP-20 and ERC-20). SFP holders benefit from:

By aligning economic incentives with user engagement, SafePal fosters long-term loyalty and ecosystem growth.

FAQ: Your Questions About SafePal X1 Answered

Q: What does "open-source" mean for SafePal users?
A: Open-sourcing means the core code behind SafePal’s wallet software is publicly available. Users and developers can inspect it for security flaws, verify functionality, and contribute improvements—increasing overall trust and accountability.

Q: How does Bluetooth connectivity affect security?
A: The X1 uses Bluetooth only for transaction signing data transmission. Private keys never leave the device. All communication is encrypted via QR codes or secure Bluetooth pairing, maintaining air-gapped-level protection.

Q: Is the X1 compatible with desktop computers?
A: Yes. While optimized for mobile use via Bluetooth, the X1 can also connect to desktops using a USB cable for broader compatibility.

Q: Can I use the X1 without the mobile app?
A: No. The X1 requires the SafePal mobile app (available on iOS and Android) to initiate transactions, scan QR codes, and manage assets.

Q: What happens if I lose my X1?
A: As long as you’ve securely backed up your recovery phrase during setup, you can restore your funds on any other compatible wallet—hardware or software.

👉 Learn how to securely back up your digital assets today

Looking Ahead: The Future of Decentralized Wallets

SafePal’s transition to open-source is just the beginning. The company plans to extend transparency across all products, including firmware updates for the S1 series and enhancements to its browser extension. Additionally, limited-edition collaborations—like the recent phygital co-branded wallet with Klaytn Foundation—highlight SafePal’s commitment to innovation beyond functionality.

With over 10 million users across 15 languages, SafePal is positioning itself not just as a wallet provider, but as a trusted gateway into Web3. By combining cutting-edge hardware, open-source principles, and user-centric design, SafePal is setting a new standard in digital asset security.

👉 Explore secure crypto storage solutions built for the future

Final Thoughts

The launch of the SafePal X1 and the full open-sourcing of its platform represent more than product updates—they signal a shift toward greater accountability in the crypto space. As threats evolve, so must defenses. SafePal’s approach blends accessibility with enterprise-grade security, making it easier than ever for users to take true ownership of their digital lives.

Whether you're new to crypto or managing a diversified portfolio, choosing a transparent, audited, and community-vetted wallet like SafePal ensures your assets remain under your control—where they belong.

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