Post
Topic
Board Hardware wallets
Re: Safepal Vs Ledger Nano S : Which is better
by
dkbit98
on 21/02/2021, 09:37:56 UTC
Ledger Nano S  wallet has already very good repute but it is a bit expensive as compare to the newly launched SafePal hardware wallet invested by binance.
Which of these two wallet is more safe and if both have same features, its better to buy safepal wallet and save some dollars ?

I would not buy any of them and there are no winners here because both of this wallets are closed source and they have some big flaws.

Ledger is well known for it's multiple leaks of customer personal information and last one just happened few days ago like I wrote in my other topic Ledger Shop leaking info AGAIN?!
And ledger also leaked 1 million email addresses previously, and over 750k other customer information with full name, address and phone numbers, and if you are going to buy this then NEVER use your real information and follow this guide How to buy a Hardware Wallet the right way

Safepal is new hardware wallet sponsored by Binance, but it is closed source and security experts are just examining it for flows, with latest one being Kraken security labs that found some serious flaws and you can see that HERE!
They also stole other people GPL open source software and made it their own closed source and they have unknown secure element chip.
Cheapest price is also good indicator to show how good safepal wallet is (not).

I would always go for open source hardware wallet if possible and this are your options currently:


Please note that Trezor doesn't have secure element so you must use BIP39 passphrase to make it safer.
If you want hardware wallet for only Bitcoin than Coldcard would be your best choice.