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SafePal S1 vs Trezor Safe 5

Comparing
two wallets
Decided by
Editorial rating
Last reviewed
2026-08-25
SafePal S13.5

Budget air-gapped signer with no USB data, WiFi, Bluetooth or NFC: every transaction crosses as a scanned QR code.

Trezor Safe 54.4

Trezor's touchscreen model at $129: a color display and haptic feedback over the same secure element the $59 Safe 3 uses.

Verdict: Trezor Safe 5

Trezor Safe 5 rates higher on our rubric: 4.4 against 3.5 for SafePal S1.

Criterion
Editorial rating
SafePal S1
3.5
Trezor Safe 5
4.4

SafePal S1 and Trezor Safe 5, fact by fact

Every row is from the two reviews as of their review dates, with sources on each. A check marks the side a decidable criterion favours; rows without one are information, not a score.

SafePal S1 and Trezor Safe 5 compared fact by fact from their reviews; a check marks the side a decidable criterion favours.
FactSafePal S1Trezor Safe 5
Editorial rating3.54.4 (favoured on this row)
StatusAvailableAvailable
Made bySafePalTrezor
PriceNot published$129
Who holds the keysself-custodial, keys held offline on a device with no USB data, WiFi, Bluetooth or NFC connectionself-custodial, keys held in an EAL6+ certified secure element running open source firmware
Bitcoin-onlyNoNo
Runs oniOS, AndroidAndroid, Windows, macOS, Linux
ScreenSmall color screen with a camera for reading QR codes1.54 inch color touchscreen, 240 x 240 pixels, Gorilla Glass 3, with haptic feedback
ConnectivityQR codes only: no USB data, WiFi, Bluetooth or NFCUSB-C and a microSD slot; Trezor Suite on Windows, macOS, Linux and Android, view only on iOS
ReleasedNot stated2024
Countries on the maker's listNo published listNo published list
Last reviewed2026-08-252026-08-25

Pros and cons, side by side

SafePal S1

What works

  • No USB data, WiFi, Bluetooth or NFC: the only channel in or out is a QR code on a camera
  • SafePal's budget cold storage line, positioned below the newer Bluetooth X1
  • Broad asset support with swap, buy and DeFi features for people who hold more than bitcoin
  • SafePal accepted an outside security report from Kraken Security Labs and shipped a fix

What to watch

  • Not bitcoin-only, and the companion app is a broad crypto app rather than a focused signer
  • The February 2021 Kraken disclosure showed the firmware update check could be downgraded without the user noticing
  • Verification happens on a small screen, which makes careful address checking slower
  • SafePal publishes no shipping country policy, pointing at a reseller network instead

Trezor Safe 5

What works

  • Color touchscreen with haptic feedback makes address verification far easier to read than a two button screen
  • EAL6+ certified secure element with fully open source firmware, the same pairing as the Safe 3
  • Multi-share (Shamir) backup, microSD slot and FIDO2 two factor support
  • A Bitcoin-only edition strips every other chain out of the firmware

What to watch

  • More than twice the price of the Safe 3 for the same security model
  • iOS is view only: no setup, sending or device management from an iPhone
  • SecurityWeek reported in August 2026 that a breach at fulfilment partner ShipMonk exposed about 14,000 customers' shipping details
  • Trezor publishes no list of countries it ships to, only a checkout drop-down

Frequently asked questions

Is SafePal S1 or Trezor Safe 5 better?

Trezor Safe 5 rates higher on our rubric: 4.4 against 3.5 for SafePal S1. The rating follows the product rubric published on our about page; the rows above set custody, price and platforms side by side so you can check it.

Is SafePal S1 or Trezor Safe 5 bitcoin-only?

Neither: both support assets beyond bitcoin. SafePal S1: Multi-asset: bitcoin among a long list of chains and tokens, managed through the SafePal app. Trezor Safe 5: Multi edition manages thousands of coins and tokens; a separate Bitcoin-only edition is also sold.

The full reviews: SafePal S1 and Trezor Safe 5, each with its sources, and every wallet we review.

More comparisons

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