Hardware wallet vs software wallet for daily transaction

[Welsh]

It's obviously bias review, and funny thing to me was assumption that safepal has some professional anti-attack level.
Sure they have bigger IPS screen but I have seen many reports from people who claims it breaks much easier than on ledger or trezor.
How about the fact that you can't use safepal with any third party wallet, so you are stuck only with their app.

Which, is conveniently not mentioned in that image, and that is something I would consider a deal breaker, no matter what ever other benefits it has. It encourages centralisation first, and no wallet that you use should be limiting you to what services you can use. There's just no fail safe.

Wallets should always allow multiple ways to access, and manage your Bitcoin. Otherwise, leave them be. Although, we already have enough wallet software which is very much capable of the above, and we don't need all these new comers which try to convince others they're better. The current options in my opinion are perfect. Open source, have decent security implementations, and aren't pushing some sort of service or agenda on you.

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[LoyceV]

How about the fact that you can't use safepal with any third party wallet, so you are stuck only with their app.

Which, is conveniently not mentioned in that image, and that is something I would consider a deal breaker, no matter what ever other benefits it has. It encourages centralisation first, and no wallet that you use should be limiting you to what services you can use. There's just no fail safe.

I've never used Safepal, but from what I can find, it uses uses a mnemonic seed phrase. That's your fail safe
To be absolutely sure it can be recovered, I'd use Ian Coleman's Mnemonic site (offline, airgapped and running from RAM with the curtains closed) to check I can recover the same address before funding it. I never found any inconsistencies this way, which to me confirms my paranoid checks work

[dkbit98]

Which, is conveniently not mentioned in that image, and that is something I would consider a deal breaker, no matter what ever other benefits it has. It encourages centralisation first, and no wallet that you use should be limiting you to what services you can use. There's just no fail safe.

One more that is not mentioned is that safepal wallet and their app are sponsored and supported by Binance, and some people would say that is great news, but let's think about it.
Binance is recently kissing regulator asses much more than ever before, and it's safe to assume they are recording and reporting all addresses and transactions from safepal wallet.
They could in theory even stop or block access to safepal app and you won't be able to use wallet anymore if they connect you with any blacklisted or ''tainted'' addresses.
I would not trust seed phrase generated by safepal and I would send all coins to other wallet asap, but I could just be little paranoid about this.

[Slottie]

Imagine, you have $10000 (in BTC) which you may need every now and then for your daily expenses. Which wallet would you prefer to use?
1. A electrum wallet
2. A hardware wallet (You can transact offline, you can transact using your mobile)

Which one would you consider using if you are considering the fact that both wallet can be hacked and your $10000 can be stolen. Which one is safe from your end? Remember, we are talking about a wallet which you are using for paying your daily expenses. We may not have such a city, but there's nothing wrong to imagine a world with BTC as global currency.

So please, which one and why?

And I really have tried to find out a better board to post this, I can't find any other board to post than this.

My advice is to use a hot wallet for your daily expenses and keep huge sums into hardware wallets.

[Welsh]

One more that is not mentioned is that safepal wallet and their app are sponsored and supported by Binance, and some people would say that is great news, but let's think about it.
Binance is recently kissing regulator asses much more than ever before, and it's safe to assume they are recording and reporting all addresses and transactions from safepal wallet.
They could in theory even stop or block access to safepal app and you won't be able to use wallet anymore if they connect you with any blacklisted or ''tainted'' addresses.
I would not trust seed phrase generated by safepal and I would send all coins to other wallet asap, but I could just be little paranoid about this.

For me at least, if you're offering wallet software the primary goal should be trust, as well as transparency. So, it should be open source. Although, for me I don't want to be pushed into a certain exchange or service, even if the exchange is like universally accepted as the greatest thing on the earth, I don't want to be pressured into it or only offered that option. By all means, link to documentation from multiple sources on what makes a exchange good, but definitely don't push a certain exchange. That's not because of the reasons you've mentioned above (those too), but the fact that we should be pushing for decentralisation, and therefore shouldn't be recommending a singular service.

I don't think you're being too paranoid. Safepal, and therefore Binance aren't exactly covering themselves in glory here. Although, unfortunately this is how they make money, and I suspect far more exchanges, and wallet software is indeed doing exactly the same.