Safepal S1 Cold Wallet Complete Beginner's Guide: How Newbies Can Get Started in 5 Minutes

2025-11-14 18:09:06

Why do you need a hardware wallet?

People in the crypto circle are all saying that hardware wallets are safe, but many newcomers do not understand the difference. Simply put:

Exchange Wallet = Handing over the keys to someone else for safekeeping, convenient but high risk (exchange hacking, exit scams, regulatory risks)

hardware wallet = You control the keys, the assets are completely in your hands, no matter how skilled the hackers are, they can't access your coins.

Safepal S1 is a hardware wallet designed for beginners - it's affordable (over 100 yuan), easy to operate, and does not compromise on security.

First Step: Hardware Connection + Software Download

After receiving the S1, don't rush, follow this process:

Connect to the computer via USB cable (or phone via Bluetooth)
Download the Safepal App from the official website (available for both iOS and Android)
Open the App and select 'Hardware Wallet'

It's that simple.

Step 2: Initialize + Set Security Password

When using S1 for the first time, you will be asked to:

Set PIN code (6-8 digits, just remember it)
Generate 24-word recovery phrase (The most critical step!)

These 24 words are like your bank password, make sure not to take screenshots, not to take photos, not to upload to the cloud. The safest method is:

Write on paper with a pen (S1 will provide you with a special card)
Find a safe or the most secret place at home to store it.
If S1 is lost, damaged, or stolen, these 24 words can restore all your assets.

Remember: whoever has these 24 words is the true owner of the coins.

Step 3: Transfer to Wallet

For example, withdrawing coins from the exchange:

View your wallet address on the S1 App (with different addresses for BTC, ETH, USDT, etc.)
Copy the address of the corresponding cryptocurrency
Paste this address in the exchange withdrawal interface
Enter the withdrawal amount and confirm submission

Funds usually arrive within 10 minutes to 1 hour (depending on network congestion).

Key Tip: It's best to start with a small amount for your first transfer! Make sure the address is correct before transferring a large amount. Cryptocurrency transactions are irreversible; if you send it to the wrong address, it's really gone.

Step Four: Issue Coins and Receive Coins

Receiving coins is very simple:

Click “Receive” → Select coin type → Share the address with others

Token issuance requires authorization:

Click 'Send' → Enter the recipient's address + amount → Press the physical button on the S1 device to confirm → Done

There is a huge security advantage here: viruses/malware cannot hijack your transactions. Because the private keys are always stored offline in the S1 device, hackers can only see it if they invade your computer, but cannot change it.

Detailed Explanation of the Five-Layer Security Mechanism

Security Features	Function	What You Need to Do
PIN Code	Prevent unauthorized use by strangers	Set a password that you can remember but others find hard to guess
2FA (Two-Factor Authentication)	Safe even if the password is leaked	Turn it on in settings, requires a mobile verification code
Tamper-proof sticker	Check if the hardware has been tampered with	Check if the sticker is intact upon receipt
Self-destruction after 15 incorrect password attempts	Anti-brute force cracking	Do not try random passwords when entering (although you won't either 😄)
Recovery Phrase	Recover assets when the device is lost	Store separately (don't keep everything in one place)

Frequently Asked Questions

Q: What should I do if S1 cannot connect? A: You can restore your account on a new S1 (or other hardware wallet) using the recovery phrase. Your coins will not be lost.

Q: What if I forget my PIN? A: The device automatically clears data after 15 errors. Then reinitialize with the recovery phrase.

Q: Do I need to update the firmware regularly? A: Yes. The “Settings → Firmware Update” in the app checks regularly. Updates do not affect your coins and recovery phrase.

Q: Which currencies are supported? A: The mainstream ones are supported - BTC, ETH, USDT, SOL, XRP, and over 50 others. New currencies will be updated regularly by the official team.

Final Words

The core advantage of the Safepal S1 can be summed up in one sentence: Spend the least amount of money, use the simplest method, and achieve exchange-level asset security.

Comparing to keeping coins on an exchange (once it runs away or gets hacked, you have nothing), spending over 100 yuan to buy a hardware wallet is really the most cost-effective insurance.

Beginner's advice: Start by depositing a small amount using S1 to experience the process. Once you're familiar with it, you can transfer larger amounts. Once you understand this logic, you will have truly mastered your assets.

Don't complain about the trouble; this trouble is exactly the reason to protect you. 🔐

BTC0,16%

ETH-0,88%

SOL-1,29%

XRP-0,57%

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