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  • What's up everyone.

  • So at this point, it 2019, hardware wallets are a dime a dozen at this point.

  • I've reviewed a whole bunch of them, the reality is I dont get that excited for a new

  • hardware wallet.

  • But the guys over at safepal contacted me, and they're the first hardware wallet that

  • actually had Binance invest with them and they've partnered with them.

  • And they've brought some really cool features to the table.

  • I was skeptical when I first looked at the device, ive gotten in I've used it now.

  • And I'm actually really excited about this review.

  • I think this is a really cool device.

  • And yeah, were going to dive in and check out the safepal hardware wallet.

  • Were going to do a little unboxing for you guys, show you the set up and talk about some

  • of the basic functionality and kind of what I think of this wallet.

  • Alright so we've got the safepal here.

  • Pop it open, very nice little packaging.

  • I have to say, I don't love that its a gloss device, it gets fingerprints all over it,

  • but that's not what this is all about, its a hardware wallet.

  • So inside the box we've got the device itself of course, your usb cable, and we've got;

  • I love that they actually did include multiple, you've got three separate mnemonic cards here.

  • These are obviously for writing down your private keys, keeping them safe.

  • Little instruction booklet, nice little safepal stickers, and obviously they know that it's

  • a fingerprint magnet because they gave you a little cleaning cloth there.

  • So, that's all we've got in there so lets take this, hook it up, get that initial firmware

  • update that you need to do with any hardware wallet and check out the device.

  • Okay, before i hop over and cgo into the firmware update on my pc, i just want to talk a little

  • bit about the features of the device.

  • As of right now the coin support is far from limited but it is limited in terms of what

  • Id like to see.

  • It only currently supports bitcoin, binance coin, and then ethereum and any erc20 tokens.

  • That being said, they have a seriously aggressive roadmap, and currently i know they're looking

  • at adding litecoin and ripple.

  • But they have a long hotlist of coins that they're looking at adding to the device.

  • Now one of my favorite things about this, its a very kind of little simple thing.

  • But it actually has a full color high resolution screen.

  • Which is a little thing but it really does give it a premium feel.

  • It feels like a very nice device.

  • Its well constructed, it is battery powered which I absolutely love.

  • I'm tired of being tethered by usb to my hardware wallets.

  • It has the camera within, four point touch pad.

  • You know, its very simple to use.

  • And it's just a very nice device, and really the pairing with binance is absolutely huge.

  • Were going to get to that kind of towards the end of the video, but with that partnership

  • comes something i've never seen before.

  • You can actually trade through the binance dex with your device and your phone.

  • Absolute game changer in my opinion.

  • So we'll check that out in a second, but I just wanted to give you guys kind of a little

  • bit of basic info on the device itself, it really is just an absolutely great looking

  • device.

  • If they continue to add support for these different coins that they're talking about

  • i think its going to do nothing but improve over time.

  • So, anywho, like i said lets pop over there, im going to show you how to do that initial

  • set up, how to do your first update, because thats a key part of setting up your hardware

  • wallet.

  • And actually one thing i will say, they're update process is really one of the simplest

  • ive seen to date.

  • You know, like we had the ellipal in here relatively recently.

  • And that thing you had to load it onto an sd card, bring the firmware over, update it,

  • pull the card out for security.

  • Much much simpler.

  • So lets swing over to the pc, im going to give you a screenshare on how to get this

  • going and then were going to dive into the device and show you how to get some money

  • moving.

  • Alright, so once you've got it plugged in your just going to have your kind of basic

  • set up screen here.

  • Obviously were going with english.

  • Just kind of some little basics on how the buttons work.

  • And it's going to ask you if you're ready to begin.

  • Lets go ahead and here its going to say create or recover, obviously were creating a new

  • wallet.

  • And here its just going to ask you, you know, what is a mnemonic?

  • Most of you that are in the crypto space will already know this.

  • Basically it's just a set of words that represent your private key.

  • So were going to go and hit create now.

  • Now, when Im setting this up for my personal use I would be doing a 24 word mnemonic, I

  • just, that's my choice.

  • But for this video were actually going to do a 12 word.

  • And when you click this, it will generate your mnemonic phrase.

  • And there's the first four words, you've got the next four, and a little treat for you

  • guys.

  • I'm going to blot out this last word on here, and at some point through the rest of the

  • video i'm going to flash that word on screen.

  • And my little gift to you guys is, I'm going to be transferring a binance coin over onto

  • the device for the sake of showing a transfer.

  • But I'm going to leave it there; and the first one of you lucky crypto people that can get

  • in there and import the seed and move it out of that wallet congratulations, you're going

  • to get a free binance coin.

  • So keep an eye out for that.

  • And if you're the first lucky one, hey, you get some free coins.

  • So anyways were going to hit okay, alright so it's going to ask us to confirm the mnemonic

  • phrase so were just going to run through this real quick and you're just going to enter

  • back in the phrase as it was given to you.

  • Alright, now once you've got this set up itsx going to ask you to create a pin.

  • And for this one obviously it's a video so we're going basic.

  • 1, 2, 3, 4, 5, 6.

  • And actually, that's an interesting one.

  • It actually has protections against simple codes, that's rather interesting so were going

  • to go with something a little different.

  • Alright, we've got our pin code set and it's going to take a second here to just configure

  • itself.

  • And there we go, wallet is created.

  • And let's create a name for it.

  • This one, once again just a video so were going to go very simple; aaa.

  • Alright, and there we go.

  • Confirm, and this is one of the great things I just absolutely love about what they did

  • with this.

  • It's going to give you a QR code.

  • If you have a qr code scanner on your phone, you can simply just scan that code and it's

  • going to automatically download the safepal wallet app for you.

  • So, I've already done that, but were going to do before getting into the wallet itself

  • on the phone; the first thing we gotta do as with any hardware wallet is go over to

  • our settings and we need to update the device.

  • So in order to do this were going to spin around and look at my screen capture here.

  • And were going to be going to the upgrade page.

  • And your going to download this file, upgrade.bin.

  • Were going to save that.

  • And were up to the upgrade screen, as you can see here, it's just going to show up as

  • wallet.

  • And the upgrade process is so simple.

  • You just drag the upgrade.bin file over into the wallet and once it's in there your going

  • to hit the upgrade button and there we go.

  • Just hit upgrade, and the process begins.

  • Alright, so we've got the device setup.

  • Once you do the upgrade you are going to have torecoverthe wallet.

  • And I just kind of montaged that together for you guys.

  • One thing that I do think is great is when you're reentering that seed phrase it actually

  • has kind of a quick complete with the different words on there, so that makes the process

  • much simpler and much easier.

  • So, anywho if you have fingerprint scanning on your device it will actually use that for

  • the safepal wallet which i think is a great feature.

  • So what we're going to do is we're going to add a wallet.

  • And we need to put in our security password here.

  • Alright, and once you get your password, you're going to take the device itself.

  • And as you can see ive got it disconnected from the USB now, absolutely love that.

  • And were going to go to scan.

  • Got your nice little camera there, find my angle; it's going to be out of screen there

  • but when you grab it its going to say confirm to pair.

  • We'll hit okay, enter that pin code that we set up and this is going to scramble each

  • time that you do it, so obviously it's harder to track.

  • Pretty usual feature of most hardware wallets these days.

  • So were going to enter in our pin, and we hit okay.

  • Now this is a very cool little feature.

  • So instead of doing a singular QR code to scan in; it's actually going to give you a

  • dynamic code on the device itself.

  • And were going to bring the phone over and were going to scan that dynamic code, and

  • it actually runs through 7 separate QR's.

  • And there we go, we officially have the wallet linked and we have it in there.

  • Now in order to add new assets from this screen all you have to do is hit the plus button.

  • And any of ERC20 tokens are going to show up in here.

  • These are ones ive added on a prior occasion.

  • But if you don't see one that you're looking for and you know its an ERC20 you can go up

  • here, hit search, and you know, I mean it has a quick autocomplete, and there you go.

  • You've got your full list of ERC20s.

  • But for this one were just going to stick with the binance coin.

  • So were going to click that, and we want to receive some coins.

  • So, there is our QR code.

  • And of course you can also get a saved QR.

  • Going to have to give it access to allow it to save it.

  • And you can also see that down here it gives you the physical write out for the QR code

  • as well.

  • So what Im going to do real quick, is im going to break out from here; im going to get on

  • binance and send that coin over, and we'll continue from there.

  • Alright, so we've got our BNB transferred over, and as you can see i've got a little

  • bit of LOKI in there as well, so what we're going to do is the absolute best feature in

  • my opinion, of the safepal wallet and app.

  • Were going to go over and hit trade.

  • As you can see, this takes us right into the binance dex.

  • I mean this is just too cool.

  • So what we're going to do is were going to go, and just say, were going to do a twenty

  • five percent purchase.

  • That's going to give us 24 LOKI, and were going to hit submit.

  • And we have to sign these transactions, so what we're going to do here is were going

  • to scan.

  • And were going to scan the phone there, as you can see.

  • We scan it, its showing our buy order there, were going to hit okay, and then this is going

  • to give us a dynamic QR code after we set in our password, so put in that pin.

  • Signing the TX, and this is going to now put out that dynamic code and we do our swap.

  • Were going to take the phone out now, hit next.

  • And lets see, there we go!

  • Transfer is signed and ready to broadcast.

  • So were going to hit confirm.

  • This one I believe I did right there at market price, yup.

  • So no open orders, go to order history, bam.

  • Right there, it's already been executed, it is in our wallet, let's go back over here

  • to our assets.

  • We'll reload, and there we go, we've got 24 more LOKI sitting in there.

  • I just really think this is an absolutely amazing feature, it's really something different,

  • something very cool i haven't seen with other devices.

  • It's really kind of true to that core crypto value.

  • So anyways I hope you guys found this kind of insightful, were going to back out of here

  • and kind of close out.

  • I might leave the loki, I might turn it back into BNB.

  • But either way, remember if you find that last word, you have some free coins coming

  • to you.

  • Alright guys, so I hope you enjoyed kind of getting a first glance, and hopefully just

  • a basic little tutorial to help you get started on the safepal wallet.

  • And don't forget, if you skipped around the video you might have missed it, go back through,

  • watch the video all the way through and find that twelfth seed word and you've got yourself

  • a free binance coin.

  • You know, this is really, its another hardware wallet but that dex integration is just absolutely

  • next level.

  • I think it's such a crypto savvy idea, you know, the idea of decentralization I think

  • has gotten a little bit lost as we move further and further into the space and I love seeing

  • a hardware wallet that is actually integrated directly into a dex.

  • Now, truthfully to stay completely anonymous while doing that i would say you have to use

  • a vpn on the device your accessing with it, but that's neither here nor there, the technology

  • is there and it's absolutely wild.

  • I love this device, you know, I think that with the current coin support there are other

  • wallets out there that cover more bases.

  • But if they keep with that roll out schedule, this is going to be sitting at the top of

  • my stack in terms of my hardware wallets that I enjoy.

  • So, anywho, if you guys have any questions about usability, support, you know, if you're

  • confused about anything with the tutorial or set up, drop me a comment below, ill be

  • glad to get back to you and help you get your wallet set up.

  • But anywho, hope you enjoyed this, and have a cryptotastic day.

What's up everyone.

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