Updated September 28, 2026 · HodlCue Editorial Team
CoolWallet vs SafePal
CoolWallet
Higher score in this comparison
SafePal
CoolWallet vs SafePal: the differences
| Compare | CoolWalletReviewSee alternativesSee alternatives | SafePalReviewSee alternativesSee alternatives |
|---|---|---|
| Price | $39 to $149Lower | $49.99 to $89.99 |
| Coins supported | 35 | 200Higher |
| Secure element | CC EAL 6+ secure element | CC EAL6+ secure element |
| Connectivity | Bluetooth | Bluetooth, USB cCovers more |
| Open source | Not confirmed | Yes |
Same on both: Wallet type (Hardware), Custody (Self custody), Backup options (Seed).
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Key differences
- CoolWallet scores higher overall: 9.2 vs 9.0.
- Founded is lower at CoolWallet: 2014 vs 2018.
- Price is lower at CoolWallet: $39 to $149 vs $49.99 to $89.99.
- Coins supported is higher at SafePal: 200 vs 35.
- Connectivity: only SafePal offers USB c.
- Support channels: only SafePal offers Community.
Our verdict on each
CoolWallet
CoolWallet suits you if you want a hardware wallet that keeps keys on your own device and pairs over bluetooth without a cable. It is priced at $39 to $149, which sits higher than Trezor at $79, and it covers 35 coins.
SafePal
SafePal suits buyers who want a self-custody hardware wallet with open source firmware and wide coin coverage at a modest upfront cost. The device costs $49.99 to $89.99 and support runs on email, help centre and community alone, so anyone holding a large balance should expect to handle setup questions alone.
Score breakdown
| Area | CoolWallet | SafePal |
|---|---|---|
| Cost | 9.1A hardware wallet you buy once at $39 to $149, with seed backup and no account or platform fees listed. | 9.1Cost comes down to a hardware purchase at $49.99 to $89.99 with no subscription, near the hardware wallet median of €69.28. |
| Offer | 8.6Custody sits with you through self custody, coins cover runs to 35. | 9.1HigherCovers 200 coins over bluetooth and usb c, and pairs open source firmware with a CC EAL6+ secure element plus self-custody on each device. |
| Trust | 9.6Higher | 8.8 |
From lowest to highest
| Fact | CoolWallet | SafePal |
|---|---|---|
| Price | $39 to $149 | $49.99 to $89.99 |
Positions in our rankings
| Ranking | CoolWallet | SafePal |
|---|---|---|
| Crypto wallets | 37 of 156 | 68 of 156 |
| Hardware and cold wallets | 6 of 58 | 14 of 58 |
What each covers
| Connectivity | CoolWallet | SafePal |
|---|---|---|
| USB c | No | Yes |
| Bluetooth | Yes | Yes |
| Backup options | CoolWallet | SafePal |
|---|---|---|
| Seed | Yes | Yes |
Sources behind this comparison
CoolWallet
- coolwallet.io: 9 facts, checked September 26, 2026
- coolbitx.com: 3 facts, checked September 26, 2026
SafePal
- safepal.com: 12 facts, checked September 26, 2026
Every fact side by side
| Fact | CoolWallet | SafePal |
|---|---|---|
| Features | Self custody | Self custody |
| Legal entity | CoolBitX Ltd. | SkyGenesis Holdings Limited |
| Headquarters | Taiwan | Not confirmed |
| Founded | 2014Lower | 2018 |
| Support channels | Email, Help centre | Email, Help centre, CommunityCovers more |
Where each stands against the rest
| Fact | CoolWallet | SafePal | Median |
|---|---|---|---|
| Price | $39 to $149above the median | $49.99 to $89.99above the median | $0 |
| Coins supported | 35below the median | 200above the median | 75 |
Median across 85 listed providers.
Pros and cons
CoolWallet
Pros
- Keys stay with you, since custody is self custody
- A CC EAL 6+ secure element keeps the signing work inside the device
- Pairs over bluetooth, so no cable is needed
Cons
- The hardware price runs higher than the Trezor model at $79
- Support runs on email and help centre only
- The range of coins supported is narrower than the hardware-wallet median of 345
SafePal
Pros
- Priced at $49.99 to $89.99, which sits in line with the hardware wallet median of €69.28 across this category
- Custody is self custody, so the keys sit on the device and no operator holds or can move the balance
- The firmware is open source, so the code that handles keys and signs transactions can be read and checked by others
Cons
- Backup is a seed phrase, and there is no split-share option, so a paper copy covers the whole balance
- Support runs on email, help centre and community, with no live chat or phone line listed for holders who get stuck mid-setup
- Signing needs a phone or computer running the app, so recovery depends on your own seed phrase alone
Who each suits
CoolWallet
Who it suits
- Holders who want custody of keys on their own device
- People who already back up a seed phrase and can keep it safe
- Smartphone users who prefer signing over Bluetooth to a cable
Who should look elsewhere
- Buyers set on the lowest hardware price, since Trezor lists $79
- Anyone wanting a mobile wallet app, since Bit2Me is a mobile wallet
- People who want a provider to hold the coins, as bynex is custodial
SafePal
Who it suits
- Buyers who want to hold their own keys rather than see a balance sit with a platform operator
- Holders of many small positions who need wide coin coverage from a device they must set up themselves
- People who are comfortable buying hardware and writing down a seed phrase that they will keep offline and private
Who should look elsewhere
- Anyone who wants a platform account with deposit rails and an app balance, since bynex runs on custodial custody
- People who need help from a live agent, since support runs on email, help centre and community with no phone line listed
- Buyers who want a phone-only software wallet, since this is a hardware device they have to buy first
Current offers
SafePal
Current offer
Discount code
10% off with promo code SFP@MiCA: 10% off
Use promo code SFP@MiCA at checkout
Source, checked September 26, 2026
Bonus
Buy 2 for free global shipping: Free standard shipping
Purchase any 2 units or more of the SafePal S1, S1 Pro, X1 or Cypher with Standard Shipping; leather case and Express Delivery excluded
Source, checked September 26, 2026
Questions about each
CoolWallet
How much does a CoolWallet cost?+
CoolWallet is a hardware wallet, so the cost is the device price of $39 to $149. There is no account or monthly charge attached to holding coins on it, and the keys stay with you. Expect to pay for the hardware once rather than per year.
Does CoolWallet hold my coins for me?+
No, custody is self custody, and self-custody also appears in the listed features under self custody. You hold the wallet and the seed phrase, so losing either one means losing access. That is the trade for keeping control.
SafePal
How much does a SafePal hardware wallet cost?+
The device costs $49.99 to $89.99, and that is the whole outlay because no account subscription is attached. It sits in line with the hardware wallet median of €69.28, so the purchase price is typical for this category of device.
Does SafePal hold my coins?+
Custody is self custody, so private keys are generated on the device and never sit with the company. Nothing is credited to a SafePal account, so no deposit protection scheme applies to any balance. Losing the seed phrase means losing the coins, with no operator able to restore them.
Other options to compare
Other matchups
CoolWallet
SafePal