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85% of the community
prefer BitBox02

BitBox02 vs SafePal

General

Description

BitBox02 Logo
BitBox02

The Bitbox02 from Switzerland is currently considered one of the most secure hardware wallets on the market. The manufacturer deliberately avoids unnecessary features, focusing on well-designed features that improve security and privacy. For purists, there is also a “Bitcoin-only” version available.

BitBox02 review
SafePal Logo
SafePal

The SafePal S1 is a hardware wallet for cryptocurrencies. Unlike other manufacturers, it does not connect physically to another device (e.g., via USB) but instead pairs by scanning a QR code generated on the wallet itself. The company received investment from the crypto exchange Binance in 2018.

SafePal review
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Pros and cons

BitBox02 Logo
BitBox02

What we like:

  • Capacitive touch controls
  • Easy to use
  • Buy & sell crypto
  • Open source

What we don't like:

  • Expensive
  • No staking feature
  • No iOS app
SafePal Logo
SafePal

What we like:

  • Physical buttons, smartphone
  • Easy to use
  • Buy & sell crypto

What we don't like:

  • Poor customer support
  • No desktop app
  • Not open source
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Preview

Product images

BitBox02 Logo
BitBox02
Product image
Product image
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SafePal Logo
SafePal
Product image
Product image
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Product image
Product image
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Details

Details
BitBox02SafePal
Wallet type
Hardware
Hardware
Price
$175
$49
Supported assets
1,500+
30,000+
Private key owner
You (Non-Custodial)
You (Non-Custodial)

Our review

Our review
BitBox02SafePal
Our rating
BitBox02
SafePal

Individual ratings

BitBox02
SafePal

What we think

BitBox02 Logo
BitBox02
The BitBox02 hardware wallet, priced at $175, isn’t cheap, but it’s one of the most secure and privacy-focused options. The team continually innovates with security features, such as a second “hidden wallet” (plausible deniability) that can be accessed in cases of “forced access” (like robberies or other threats). This separate wallet holds only fractions of the actual assets, enabling what’s called “plausible deniability.” From the ordering process to daily use, it’s clear that the team’s commitment to security is evident. Naturally, this focus comes with trade-offs: compared to other hardware wallets, the BitBox02 and its software offer far fewer integrations, apps, and features. For those who only want to store Bitcoin, there’s also a “Bitcoin-only” version with even fewer features—and thus fewer potential attack vectors. In our view, BitBox is the top choice for maximum security and privacy.
BitBox02 review
SafePal Logo
SafePal
We consider the SafePal S1 to be a very cleverly designed hardware wallet. The device generates a unique QR code on its built-in screen, which can then be scanned by a smartphone using the accompanying software. According to the manufacturer, this offers a security advantage because, unlike other wallets, SafePal never physically connects to another device. We also really like the combination of tactile controls and a color display. SafePal definitely does things differently than its competitors and is a genuine alternative in this category. However, since trust, transparency, and open source are important criteria for us, we would lean towards the better-known competing products. For those who don’t prioritize these points, the SafePal S1 is a great choice—an excellent, high-quality wallet that scores well thanks to its affordable price and many comfort and security features.
SafePal review
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User reviews

User reviews
BitBox02SafePal
Overall rating
4.6/5
4.1/5
App Store
4.4/5

around 30 ratings

4.7/5

around 1,000 ratings

Google Play Store
4.4/5

around 300 ratings

4.5/5

around 140,600 ratings

Trustpilot
4.9/5

around 2,200 ratings

3.0/5

around 400 ratings

What users say

AI summary
BitBox02 Logo
BitBox02
  • Intuitive Touch-Slider Operation
  • Instant microSD Backup Function
  • High Sense of Security Thanks to Swiss-Made and Open Source
  • Direct USB-C Connection to Android
  • Bitcoin-Only Edition with Reduced Attack Surface
  • Occasional Hardware Issues with Display
SafePal Logo
SafePal
  • Data Breach Leads to Targeted Phishing Attacks
  • Withdrawals Frequently Fail or Get Delayed
  • Transaction Fees Notably Higher than Alternatives
  • App Impresses with Intuitive User Experience
  • Seamless App and Hardware Integration
  • Solid Value for Money on Hardware
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Features

Features
BitBox02SafePal
Platforms
  • IOS AppNo
  • Android AppYes
  • Desktop AppYes
  • IOS AppYes
  • Android AppYes
  • Desktop AppNo
Buy & sell
Yes
Yes
Staking
No
Yes
Two-factor authentication
Yes
Yes
Multi-signature
Yes
No
Open source
Yes
No
Backup
microSD card, recovery seed (24 words)
Recovery seed (24 words)
Special features
  • Made in Switzerland
  • Privacy-focused
  • Multiple accounts supported
  • Optional Tor connection
  • Hidden wallet (plausible deniability)
  • SafePal app
  • SafePal Earn
  • QR code (air-gapped signing)
  • Self-destruct feature
  • Hidden wallet (plausible deniability)

Hardware

Hardware
BitBox02SafePal
Screen
128 x 64 pixels
240 x 240 pixels
Connectivity
USB-C, MicroSD
QR code
Handling
Capacitive touch controls
Physical buttons, smartphone
Build quality
Medium
Medium
Secure elements
Secure Chip (ATECC608B)
CC EAL5+
FIDO2 / U2F support
Yes
No
Certification
––
Dimensions
54.5 mm x 25.4 mm x 9.6 mm
86 mm x 54mm x 6mm
Weight
12 g
124 g

Company

Company
BitBox02SafePal
Company
Shift Crypto AG
SAFEPAL LTD.
Headquarters
Switzerland
Seychelles
Company size
Small (Under 100 employees)
Small (Under 100 employees)
Founder
Douglas Bakkum, Roland Stadler, Jonas Schnelli
Veronica Wong
Founding year
2015
2018
Social media
31,039 followers
707,488 followers