Secure ElementOpen SourceUSBBT100+ networks
SafePal S1 vs Trezor Model One
SafePal S1 stands out with open-source code. Trezor Model One is a solid alternative — Trezor Model One costs $1 less.
2 wallets
iOS support differs
Security notice ·
October 2026: suspected implant in a Trezor bought from CryptoBilis
On 28 October 2026 Trezor received a report from a buyer in Indonesia of an extra circuit board inside a Trezor Safe 5 bought in August 2026 from CryptoBilis, the same Southeast Asian reseller whose Ledger devices carried hardware implants. According to the report, the board sits between the main board and the screen, reads what the screen shows, including the recovery phrase, and sends it out over a mobile network. Trezor has not yet examined the device, calls the report credible and is having the unit sent to its lab.
Trezor says it has no reports involving any other reseller and no evidence that any customer has lost funds; the person who reported the implant had already moved their funds. Trezor removed CryptoBilis from its authorized resellers on 9 October 2026.
Trezor’s advice applies to every Trezor model bought from CryptoBilis from March 2026 onwards:
- If the device is not set up yet, do not set it up and never enter an existing recovery phrase on it.
- If you already use it, move your funds as soon as possible to a new wallet with a newly generated recovery phrase. Restoring the old phrase on another device does not help.
- Keep the device and contact Trezor Support: affected buyers can get a new device or a voucher. Do not open it; Trezor says weighing it is not a reliable test.
The report concerns how one device reached a buyer, not the device design, so it does not change our ratings. We will update this notice when Trezor publishes the result of its examination.
Sources
Open-formula rating|40+ criteria analyzed|Last updated November 2026|No sponsored rankingsSee methodology
Key Takeaways
- SafePal S1 wins in security (76/100)
- SafePal S1 wins in ease of use (71/100)
- Trezor Model One is more affordable ($49)
- Both support 47+ cryptocurrencies
- Best for beginners: Trezor Model One (easier setup)
SafePal S1 vs Trezor Model One: Key Differences
Both SafePal S1 and Trezor Model One can keep your crypto safe — the real question is which one fits the way you actually use it. We've put both through our open-formula scoring on 40+ criteria: SafePal S1 (SafePal) lands at 65/100, Trezor Model One (Trezor) at 44/100. The $1 gap between $49.99 and $49 isn't arbitrary — these are two different bets on what matters in a hardware wallet, and the right pick depends on which bet you'd take.
Winner by Category
Which wallet leads in each area
Security
SafePal S1Winner76/100
Trezor Model One29/100
Ease of Use
SafePal S1Winner71/100
Trezor Model One44/100
Price
TieSafePal S1$49.99
Trezor Model One$49
Coin Support
SafePal S1Winner200+
Trezor Model One47+
Privacy
SafePal S154/100
Trezor Model OneWinner79/100
Beginner Friendly
SafePal S1Winner71/100
Trezor Model One44/100
Comparing:
SafePal S1
Trezor Model One
Comparison Table
Key specifications for your decision
| Criteria |  SafePal S1 SafePal $49.99 |  Trezor Model One Trezor $49 |
|---|---|---|
Overall Rating | 65 | 44 |
Security | 76 | 29 |
Usability | 71 | 44 |
Price | $49.99 | $49 |
A secure element is a tamper-resistant chip built to store secrets and resist physical attacks such as side-channel analysis and fault injection. Learn more — Secure Element | Yes | No |
Open Source Firmware refers to firmware in hardware devices, like wallets, where the source code is publicly available, allowing transparency, auditability, and customization. Learn more — Open Source | Firmware, in part | Firmware |
Bluetooth Connectivity enables wireless communication between devices, like hardware wallets and smartphones, using Bluetooth or Bluetooth Low Energy (BLE) for secure data transfer. Learn more — Bluetooth | No | No |
USB | No | Yes |
Networks | 200+ | 47+ |
Wallet apps | — | — |
A passphrase is an additional security layer for cryptocurrency wallets, acting as a 25th word in the BIP39 seed phrase, protecting access to hidden wallets. Learn more — Passphrase | Yes | Yes |
A touchscreen display is a screen that allows users to interact with a device by touching the surface, commonly used in hardware wallets for easy navigation and transaction confirmation. Learn more — Display | 1.3-Inch IPS Full-Colour LCD, 320x320 | OLED (Monochrome, 128x64) |
Recovery is the process of restoring access to a cryptocurrency wallet using its seed phrase or mnemonic backup if the original wallet is lost or inaccessible. Learn more — Backup Method | 24-word seed | 24-word seed |
Setup Time | ~10 min | ~5 min |
IP Rating refers to the level of protection a device has against dust and water, often used for hardware wallets to indicate their durability in various environments. Learn more — Water Resist | None | None |
Which other apps each device works with, and how it connects: software compatibility matrix
Our Verdict: SafePal S1 or Trezor Model One?
Choose SafePal S1 if...
- You need iPhone (iOS) compatibility
- You actively use DeFi and WalletConnect dApps
Trezor Model One is discontinued
Trezor no longer sells this model. If you already own one, the full review covers how to keep using it; for a new purchase, pick one of the models on this page that are still on sale.
Our pick for most users
Based on the overall rating, SafePal S1 scores 65/100 and offers the best balance of security, usability, and value in this comparison.
Bottom line: SafePal S1 is our pick — it leads on both security and ease of use, and the overall score reflects that. Prices are close enough that they shouldn't drive the decision.
Price: SafePal S1 vs Trezor Model One
SafePal S1 costs $49.99, while Trezor Model One is priced at $49 — a $1 difference. At similar price points, the choice comes down to features rather than budget — compare the specific capabilities above.
Who Should Pick Which Wallet
Recommendations based on real-world use cases
SafePal S1
$49.99Best for:
AffordableBuilt-in batteryWalletConnect supportAndroid support
Pros
- +QR signing via a built-in camera; USB-C is used only for charging and firmware updates
- +$49.99, well below camera-based peers Keystone 3 Pro ($149) and Ellipal Titan 2 ($169)
- +Application firmware public on GitHub under GPL-3.0 since April 2025
- +BIP39 phrase of 12, 15, 18 or 24 words, plus passphrase wallets of up to 60 characters
Cons
- −Secure-element chip and certificate unpublished; SafePal cites EAL5+ in its help center, EAL6+ in its store
- −Kraken Security Labs (2021) called the tamper detection “at best, ineffective”; SafePal disputed this
- −Secure-element code and bootloader are not public, and there are no reproducible builds
- −Pairs only with the SafePal App: no multisig and no xpub export to third-party wallets
Trezor Model One
$49Best for:
AffordableCoin controlTor supportFull node support
Pros
- +Open-source firmware and hardware, with reproducible firmware builds
- +Trezor promises critical security updates until at least 2036; latest firmware released October 2026
- +Standard 24-word BIP39 backup, restorable in other BIP39 wallets
- +Passphrase support, which protects funds even against the known physical attack
Cons
- −No secure element: the seed can be extracted with physical access unless a passphrase is used
- −Discontinued: Trezor no longer sells it, and new coin support is not promised
- −No clear signing for most transactions: the device shows raw data
- −Passphrase and recovery words are typed on the computer, not on the device
Best for These Profiles
🔒
Security maximalist
SafePal S1 — highest security score, on-device verification
🌐
DeFi & Web3 enthusiast
SafePal S1 — WalletConnect and dApp support
🔗
Multi-chain holder
SafePal S1 — more networks supported (57 on our verified list)
📷
Air-gap purist
SafePal S1 — signs over QR codes or a memory card, no cable or radio
Pre-Purchase Checklist
Important points to verify regardless of your choice
Every wallet linked here ships from its manufacturer's official store with full warranty.
SafePal S1 vs Trezor Model One: Frequently Asked Questions
Answers about SafePal S1 vs Trezor Model One
Is SafePal S1 better than Trezor Model One?
On the numbers, SafePal S1 comes out ahead — 65/100 vs 44/100 — but 'better' isn't quite the right frame. Trezor Model One is more affordable at $49, which matters more for some buyers than overall score does. If overall rating is what you actually weigh first, take SafePal S1. If budget is the constraint that shapes your decision, Trezor Model One is the smarter buy. Either way, both are real hardware wallets — neither is a mistake.
How much do SafePal S1 and Trezor Model One cost?
SafePal S1 costs $49.99, Trezor Model One costs $49. These are list prices for the standard edition from official manufacturer stores. A few things worth knowing: hardware wallet prices barely move during the year, so 'waiting for a sale' rarely pays off — Black Friday is the one exception, with 10–20% off being typical. Avoid third-party listings even if they're cheaper; the supply chain risk on a tampered device wipes out any savings the first time you load funds. And don't buy a 'used' hardware wallet, ever — even if it claims to be reset.
Can Trezor Model One be used on iPhone (iOS)?
No — Trezor Model One has no iOS app today, and there's no public roadmap for one. It works fine with Android, Windows, macOS, and Linux, but iPhone users are out of luck. If your primary device is an iPhone and you don't want a separate computer just to manage crypto, SafePal S1 is the practical pick: it has a native iOS app and the full feature set works over Lightning or Bluetooth.
Which wallet is better for DeFi and Web3: SafePal S1 or Trezor Model One?
SafePal S1 — and the gap is bigger than the spec sheets make it look. SafePal S1 has WalletConnect built in, which means you sign DeFi transactions directly from a hardware wallet without exposing keys to a hot wallet. Trezor Model One can technically work with DeFi via third-party software, but every extra step is one more place an attacker can intercept the transaction you're approving. If you're going to be clicking 'Sign' on smart contracts more than once a month, the difference compounds fast.
Where to buy SafePal S1 at the best price?
Always buy SafePal S1 from the official SafePal store — never from Amazon, eBay, or third-party marketplaces, even if the price looks better. Hardware wallets have been physically tampered with in the supply chain before (compromised devices shipped to unsuspecting buyers, then drained the moment funds were loaded). Buying direct from SafePal gets you a sealed unit with full warranty, firmware integrity, and a clean chain of custody. Free shipping and occasional discounts at the source make the price difference negligible anyway.
Do SafePal S1 and Trezor Model One come with a warranty?
Yes — both ship with a manufacturer warranty (typically 1–2 years) when bought from the official store. That said, a hardware wallet warranty is mostly about hardware defects, not lost funds. If the device fails, the manufacturer will replace it — but your seed phrase or backup cards are what actually restore your crypto onto the new device. The warranty is real but secondary; what protects your funds is your backup discipline, not a piece of paper from {{wallet1}} or {{wallet2}}.
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