For now, SafePal supports BTC, ETH, BNB, LTC, BCH, DASH, XRP, DOGE, ONE, TRX, NEO, ZEC & DGB,and all ERC20 tokens and BEP2 tokens and all TRC10, TRC20 & NEP-5 tokens.
Multi-currencies support is now our top priority. The whole dev team of SafePal has been actively integrating new currencies into our wallet to make it more accessible to the crypto community.
For now, we are supporting the TOP 100 currencies listed on coinmarketcap.com. The speed should be 2-5 chains each month(please be noted that there are many currencies sharing one chain). If you are proposing a new coin out of the TOP100 list, welcome to let us know by signing up this application.
Meanwhile, we have launched the currency proposing a mechanism, each month we will adopt 1-2 token slots for the currencies proposed by most users in our survey. Welcome to stay tuned and vote for your favourite coins and make it happen in SafePal!
The most recent batch will include XRP, Zcash, DOGE and Harmony(ONE).
We will surely keep the community posted when there are new currencies added.By then users could enlist new tokens via a firmware OTA upgrade.
Welcome to join our community to stay tuned!
As Ledger Nano S users might know, on Nano S, users will need to install different Apps to manage different cryptocurrencies, and each App represents one currency.
Due to the limited memory of Ledger Nano S, it can only support 3-4 cryptocurrencies at the same time, meaning that if there is a 5th currency needed to be added, users will have to un-install an App from Nano S first, and then install the 5th currency. This could cause confusions and inconveniences among users.
The software architect of SafePal S1, on the other hand, is quite different from Ledger. SafePal S1 adopts the architect of "one program supporting all encryption algorithms", which gives strong scalability to SafePal S1 for multi-currencies support.
Let's assume there are three blockchains: A, B and C. All of them are using the same encryption algorithm. If you want to manage them on a Ledger Nano S, you will have to install them one by one into the device, and each of them will take up 1/3 or 1/4 memory of the hardware device.
On SafePal S1, things are totally different. Since all of the three blockchains are using the same encryption algorithm, and SafePal S1 program has supported such algorithm, integrating these three blockchains won't pose obvious challenges or threat to the device memory.
For now, most blockchains are adopting encryption algorithms such as secp256k1, nist256p1 and ed25519, which are all support by SafePal S1 already. So technically, SafePal S1 can support unlimited of cryptocurrencies. This structure is very different from Ledger, and is also a strong highlight of SafePal S1.
SafePal S1 has supported firmware upgrade. Users are able to on-board new currencies through upgrading their SafePal devices. Welcome to learn more about "How is SafePal firmware upgrade secure?". Let us know if it helps!