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The last time I read about this wallet was during its presales which was not quite long ago. I have not seen a review yet that the wallet is completely open source, but for now, we truly supposed to mention it as exception and the reason. The wallet is having bluetooth and not QR code for making transactions, can not be connected with other software wallet like Electrum. Is the Safepal software wallet open source?
I read on the SafePal blog (
https://blog.safepal.com/safepal-x1-open-source-wallet-suite/) regarding the X1 type they stated the following:
'Our 1st Open Source Bluetooth Hardware Wallet'
In other words, this means that different types of SafePal before the X1, such as the SafePal S1 and S1 Pro, still carry closed-source.
Overall, SafePal is not open-sourced yet. But open source has always been in our consideration. In the future, we might also choose to open source part of the codes based on the actual situation, just like Apple and Microsoft did.
The only hardware wallet that meets my preferences is Passport, while yet to be released Coldcard and upcoming Keystone are promising. Although, if Safepal X1 is reviewed and if truly open source, likely some people can prefer it because of its cheap price. It would have been good if it supports QR code.
I don't know much about SafePal X1 both in terms of its security features, build quality and other features. I just glanced at the SafePal X1 unboxing video here:
https://www.youtube.com/watch?v=-KVSd9zS-7k.
DYOR