What is SafePal (SFP)?

SafePal is a cryptocurrency wallet that helps people/users safely keep and grow their digital assets. It is a powerful asset management platform that allows users to trade crypto, buy, swap, and access dApps smoothly. SafePal provides hardware and software wallets, both matched and managed through the SafePal App, and was the first hardware wallet invested in and backed by Binance. 

Since its launch, SafePal has served more than 3,000,000 users in more than 194 countries worldwide and enables users to store, grow, manage, and swap portfolios without compromising asset security. This project supports many popular crypto assets and tokens on the Binance Smart Chain (BSC), TRON, and Ethereum blockchains.

SPF is the native token of the SafePal platform, which is issued on the Binance Smart Chain, BSC. This token is both a utility and a governance token. Users who are SFP token holders pursue a discount on SafePal products and services.

The SafePal project is powered by four important components – SafePal wallet, the SafePal token, the SafePal wealth, and its ecosystem. SafePal also offers different products and services including 

The SafePal Cypher: SafePal Cypher is a metallic seed phrase board that safeguards your mnemonic phrase against water, fire, salt, and corrosion.

SafePal Software Wallet: SafePal Software Wallet is a secure, decentralized wallet that enables users to import, recover, and manage wallets and crypto-assets on mobile devices.

SafePal App: SafePal App is an application for users to run and control the SafePal Hardware Wallet and SafePal Software Wallet.

SafePal S1 Hardware Wallet: SafePal S1 Hardware Wallet is a 100% offline and decentralized hardware wallet that has assisted 20 blockchains and 10,000+ cryptocurrencies.

 

Who are the founders of Safepal (SFP)?

A team of crypto enthusiasts and tech experts led by Veronica Wong and two other co-founders who shared the same interests founded SafePal in 2018. Originally a hardware wallet, SafePal has since progressed to a complete suite of smart, safe, and secure crypto management solutions available and usable for tech pros and beginners.

In only a few years, SafePal has grown from a small but ambitious beginning to a worldwide enterprise bringing the power of crypto to all, with the support of very big industries like Binance.

 

What is Safepal (SFP) used for?

Safepal intends to provide an easy-flowing experience to all users in the easiest ways. The major use of the SafePal project is to help users protect and develop their digital assets. 

 

How is Safepal (SFP) unique?

SafePal aims to provide low-cost hardware wallets as well as safe software wallets for users. This wallet supports numerous cryptocurrencies, such as Bitcoin, Ethereum, and BNB. And the utility token of the wallet is SPF, which is used to incentivize SafePal users, pay for transactions, and many more things. The SafePal project entails so many other unique characteristics including;

The SFP is a unique BEP-20 token that can be moved to any wallet that supports the Binance Smart Chain network. It can also be swapped with other assets and serve as a means of payment for services. SFP also serves as the SafePal governance token, and holders can create plans and vote on new features, such as adding new blockchains to SafePal products. 

 

How many Safepal (SFP) tokens are in circulation?

SafePal has a total supply of 500 million SPF tokens, and about a quarter of this total is in circulation. Its users earn SFP tokens as part of staking rewards, finishing ingredient tasks within the wallet app, and engaging in referral campaigns. The circulating supply of SFP will continue to increase as more people use the wallet. 

SPF is available for sale and trade on different platforms, both centralized and decentralized exchange.

 

How is the Safepal (SFP) network secured?

Security is the basic and most important demand of asset management. It is one of the growth and value bringers in the SafePal ecosystem.

SafePal is one of the most secure and safe hardware and software wallets in the DeFi space.

The SafePal hardware wallet comes equipped with a hack-proof EAL5+ secure element. The EAL5+ is a global finance industry-grade crypto chip that protects your private keys. The EAL5+ is also implanted with advanced security technology that has a self-destruct mechanism and device authentication mechanism.

 

How do I buy Safepal (SFP)?

The Safepal token (SFP) can be used for a wide range of purposes, like staking and payments.

Safepal tokens can be easily purchased by following the following steps. 

* Open an account with the crypto trading platform of your choice.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed, then buy SFP through your trading account.

 

Which Cryptocurrency Wallet Supports Safepal (SFP)?

The PTPWallet platform supports many cryptocurrencies, with Safepal soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.

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