SafePal Account and Mastercard User Guide

In previous tutorials, we detailed the registration and usage methods of the SafePal bank account and Mastercard. This article will systematically address frequently asked questions based on user feedback, covering account opening thresholds, safety precautions, and more application scenarios, helping everyone better master the usage skills of this service.

Account Opening and Fees Related

• Domestic users can directly use their ID card or passport to open an account with zero threshold through the SafePal wallet APP, without any card fees, management fees, or annual fees.

• The account opening process requires a small amount of ETH as gas fees, approximately 0.0001 ETH.

• After successfully opening an account, the bank will mint an NFT for the user as proof of account ownership, which must be properly kept.

Functions and Uses

• Provide compliant bank accounts from Fiat24 Bank in Switzerland, supporting fiat deposits and withdrawals, bank remittances, currency exchange, and other services.

• Co-branded Mastercard can be linked to Alipay/WeChat for online/offline consumption.

• Can be used for small transactions, withdrawals, and scenarios such as deposits and withdrawals with overseas brokers/exchanges.

Security and Precautions

• Properly back up your wallet and mnemonic phrases/private keys.

• The account is based on the on-chain wallet address, no need to use a mobile phone number or email.

• Avoid transferring or leaking account ownership NFTs.

• If you need to change your wallet, first transfer your assets and NFTs to the new wallet.

Recharge and Use

• Supports depositing USDC as US dollars, Chinese yuan, euros, Swiss francs, using USDC on the Arbitrum network.

• Can bind Alipay/WeChat for daily consumption, with corresponding limits.

• It is recommended to recharge on weekdays, as the exchange rates fluctuate significantly on weekends.

Overseas Brokers Deposit

• Supports cross-bank transfers in euros and Swiss francs, can be used for funding overseas brokers.

• Currently, you can directly deposit into institutions that support IBAN, such as Charles Schwab and Interactive Brokers.

• Other brokers can use third-party platforms like Wise as intermediaries to complete deposits.

• The deposit arrival time is usually 3-5 hours on working days, and at most 1 working day.

By reasonably using the SafePal account and Mastercard, users can conveniently achieve cross-border fund transfers and daily consumption, providing more flexible financial service options.