Being the first hardware wallet invested by Binance Labs and one of the core members in Binance ecosystem, SafePal is excited to pre-announce that SafePal S1 wallet will officially support Binance DEX full features, enabling users to access Binance DEX with advanced security and meanwhile enjoy the seamless experience of trading in the SafePal App.
The official version will be launched on 25th July. By then SafePal users can download the latest App and firmware on www.safepal.io and upgrade to the DEX version.
“Security and accessibility are the cornerstones of the crypto economy. SafePal is committed to providing the more secure and accessible solution for the masses,” said our CEO Veronica Wong, “and supporting DEX in our wallet is a milestone that pushes us toward the future where users can manage and trade crypto assets in both secure and easy manners.
| First glimpse of SafePal new features
1. Frictionless login to Binance DEX
In the upcoming version, users will be able to login to Binance DEX with a simple scan on SafePal wallet. Behind this mechanism, SafePal is integrated with WalletConnect, an open protocol for connecting desktop Dapps to mobile Wallets using end-to-end encryption by scanning a QR code. WalletConnect allows SafePal users to interact with Binance DEX and any Dapp without comprising their private keys and will be notified to sign any transaction requests on their SafePal wallet.
2. Trade with SafePal on the go
With SafePal integrating with DEX full features, now you can access to the world-class decentralized exchange built on Binance Chain in SafePal App any time, anywhere, without carrying a laptop, meanwhile, you can enjoy advanced security protection empowered by SafePal. A hardware wallet isn’t “hard” to use anymore. Try with SafePal and you will find the answer.
3. Augmented security
A new security feature—App security password—will be introduced into the SafePal security schemes. With a security password, users will be able to manage sensitive settings such as fingerprint and gesture in ease, meanwhile, this feature is going to protect users’ assets against malicious scenarios such as acquaintance attack.
4. Privacy protection
Users privacy protection will be augmented by fingerprint lock and gesture lock mechanism. Once a fingerprint login or gesture login is activated, the SafePal App can only be unlocked by the biometric fingerprint or gesture of the asset owner. Users’ private information such as balance, asset types or other asset details will be disclosed and locked inside the SafePal App.
Further details will be officially disclosed when the DEX version is released.
| About SafePal
SafePal aims to provide the most secure and accessible crypto hardware wallet for the masses. It is also the first hardware wallet portfolio in Binance ecosystem. The SafePal team is managed by a group of experts with decades’ cumulative experiences in security, hardware, and software. The first hardware wallet released by SafePal, S1 hardware wallet, has provided crypto users with the most secure and seamless experience of crypto custody. To learn more about SafePal, visit https://www.safepal.io.
| About Binance Chain
Binance Chain, a blockchain software system developed by Binance and the community, is a community-driven project with developers and contributors from around the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain, setting a new cryptocurrency trading standard for fast and secure peer-to-peer trading. For more information on Binance DEX, visit: https://www.binance.org/.
