SafePal wallet

What is SafePal (SFP)?

SFP is the utility token of SafePal, a company that makes hardware and software wallet products managed through its own app. The token is not part of how those products secure keys - it is an ordinary transferable token used inside the platform, for things like fee discounts and access to features in the app's swap and trading sections. Owning SFP gives you no role in anyone's key management, and owning SafePal hardware does not require holding SFP.

The detail that matters when you receive or send it is that SFP exists on two chains. It began as a BEP-20 token on BNB Smart Chain, and an Ethereum version exists as well; the balances are separate, and the fee is paid in BNB or ETH depending on which side you are transacting on. Because both are EVM chains, the same address string is valid on either, which is precisely why a transfer sent on one chain and expected on the other ends up looking lost - the tokens are on the chain the sender chose, not the one the recipient had in mind. Agree the chain with the other side before the transaction, every time.

Supported networks in Tangem (2): Ethereum, BNB Smart Chain. Tangem keeps each chain's SFP balance on its own line and names the network on the confirmation screen before the card is tapped, giving you a last look at what you are actually signing. Knowing which chain your balance sits on is half of holding a token like this, and having it spelled out in front of you helps.