SafePal

SafePal says the virtual card can be used at more than 40 million merchants that accept Mastercard debit cards. Users can also customize their spending limit from within the banking interface.

Swiss IBAN Account

The SafePal banking service includes an individual Swiss IBAN account provided in partnership with Fiat24. The account can receive supported bank transfers, hold multiple fiat currencies, and fund card payments.

The banking account is separate from the user’s self-custodial SafePal wallet. Fiat24 is responsible for the banking service’s compliance and licensing, while SafePal provides access through its app.

Mobile-Wallet Support

The virtual card can be connected to:

• Apple Pay
• Google Pay
• Samsung Pay
• PayPal

This makes the virtual-only card usable at supported physical checkout terminals without requiring a plastic card.

Multi-Currency Spending

Users can enable EUR, CHF, USD, and CNY currency accounts for card payments. SafePal says there is no exchange fee when a purchase is paid from a sufficient balance in the matching enabled currency.

If that currency balance is insufficient, the account’s default currency may be used instead. Currency conversion costs or spreads can then apply.

Adjustable Spending Limits

SafePal lets users customize their card spending limit for additional security. The currently published maximum limits are €1,600 per day for contactless payments and €5,000 per day for other card-payment methods.

SafePal does not advertise cashback on ordinary card spending. Instead, it operates a points-based account-tier system that can provide lower crypto top-up costs and higher referral commissions.

Users can earn account points through:

• Registering a Fiat24 banking account
• Funding the account
• Successfully referring other users
• Staking SFP

Account tiers are reassessed at the beginning of each month using points earned during the preceding three months. Older points progressively expire from the calculation.

SFP can also be staked to advance through the account tiers. The staking period lasts 90 days and does not support early redemption. Adding more SFP restarts the lock-up period from the latest staking date.

Higher tiers may receive better crypto top-up rates and referral commissions of up to 40% of eligible top-up fees. These are account benefits rather than cashback on card purchases.

More information: SafePal account tiers and privileges

SafePal does not charge an account-opening or account-management fee. The virtual Mastercard is also provided without a separate issuance fee.

SafePal and Fiat24 do not charge for bank-wire transfers, although the sending, receiving, or intermediary bank may impose its own fee.

Crypto top-up fees vary by account tier, with SafePal advertising rates as low as 0.4% for qualifying users. Network gas fees, crypto-swap fees, conversion spreads, and other third-party costs can still apply.

SafePal also operates a long-term fee-waiver campaign under which certain deposit and off-ramp service fees are returned as rebates. These rebates accumulate in the account’s rewards balance and generally require at least 5 USDC before they can be claimed. The campaign’s rules and availability can change.

Crypto Deposits

USDC on Arbitrum is the default cryptocurrency used to fund the banking account. Users with assets on other supported networks can swap or bridge them through SafePal into USDC on Arbitrum before making a deposit.

SafePal says its wallet provides routes from more than 40 blockchains into USDC or supported fiat balances. Blockchain gas fees and conversion spreads may apply.

Bank Transfers

Users can fund the account through supported transfers to their personal Swiss IBAN. The account can also be used to send supported IBAN transfers.

While SafePal and Fiat24 do not charge a wire-transfer fee, another bank involved in the transaction may do so.

Third-Party On-Ramps

SafePal’s direct fiat-gateway on-ramp was disabled until further notice in March 2026. Users can still purchase crypto through integrated third-party services such as MoonPay, subject to the provider’s availability and fees.

The SafePal Card is not available in every country where the SafePal wallet can be used. Applicants must generally be citizens of a supported country and reside in a supported area.

Some supported regions provide access to both the banking account and Mastercard, while others provide more limited banking functionality without Mastercard support. Users should check the current list of supported regions before starting registration.

Identity verification is required. SafePal says no credit check or SFP stake is required simply to qualify for an account.

1. Download or update the SafePal app and create or import a wallet.
2. Make sure the wallet has the small amount of ETH on Arbitrum required by SafePal’s current account-verification process.
3. Open the Bank section in the SafePal app and select Get Started.
4. Choose an available account NFT number and mint the Account NFT.
5. Complete the Fiat24 registration and identity-verification process.
6. Wait for the banking account to be approved and activated.
7. Open the Card tab and select Activate Card.
8. Enable the fiat currency accounts you intend to use.
9. Fund the account with supported crypto or a bank transfer.
10. Add the virtual card to Apple Pay, Google Pay, Samsung Pay, or another supported payment platform.

SafePal’s official setup instructions are available in its bank-account guide and card-activation guide.

SafePal offers more than a conventional crypto card. Its combination of a virtual Mastercard, Swiss IBAN account, multi-currency balances, and SafePal wallet integration makes it a useful bridge between self-custodied crypto and everyday fiat spending.

Its biggest weakness is the lack of card cashback. The tier system primarily rewards account funding, SFP staking, and referrals rather than ordinary purchases. However, users who value integrated banking, crypto deposits, mobile-wallet payments, and multi-currency spending may find those features more useful than a percentage-based card reward.