SafePal Card is a virtual Mastercard connected to SafePal's crypto-friendly banking gateway. It allows users to convert crypto into fiat, hold funds in a personal Swiss IBAN account and spend them through a regular debit card.
The card is integrated directly into the SafePal app and works alongside the platform's non-custodial crypto wallet. Users can move crypto from supported blockchains into the banking gateway, convert it into USDC or fiat and then use those funds for everyday purchases.
The virtual Mastercard can be used online and at physical merchants through Apple Pay, Google Pay and Samsung Pay. SafePal states that the card is accepted at more than 40 million merchants that support Mastercard debit cards.
Background
SafePal launched its crypto-friendly banking gateway in March 2024 in partnership with Fiat24, a Swiss financial technology provider.
The original service launched with Visa card support in selected European markets. SafePal later transitioned its card offering toward Mastercard as part of a broader international expansion.
The banking gateway is separate from SafePal's core non-custodial wallet. SafePal provides the wallet interface and integration, while Fiat24 operates the regulated banking account, compliance process and card infrastructure.
Each approved user receives an individual Swiss IBAN account that can be managed directly through the SafePal app.
Terms and fees
Opening and maintaining a SafePal banking account is free, with no account creation or annual management fee.
The virtual SafePal Mastercard is also available without a separate annual card fee.
Crypto top-up fees depend on the user's account tier and funding route. SafePal advertises rates as low as 0.4% for higher account tiers.
Fiat transfer and deposit fees can be as low as 0.6%, depending on the transaction and account level. Some funding routes may qualify for promotional rebates or fee waivers.
Crypto swaps can include a spread, while blockchain gas fees also apply when assets are transferred onchain. SafePal's banking infrastructure primarily uses Arbitrum for relevant blockchain transactions to keep gas costs relatively low.
SafePal and Fiat24 do not normally charge their own fee for standard bank wire transfers, although sending or receiving banks may impose separate charges.
The Mastercard currently has the following published spending limits:
contactless payments — up to €1,600 per day;
other card payments — up to €5,000 per day;
supported Mastercard accounts can have a $100,000 monthly transaction limit.
Actual limits can depend on the user's account tier, verification status and region.
Key features
The main feature of SafePal Card is the combination of a non-custodial crypto wallet and a traditional Swiss banking account inside the same app.
Users can fund their banking account with crypto from more than 40 blockchain networks. USDC acts as the primary crypto asset for moving value into the banking gateway before conversion into fiat.
The card supports Apple Pay, Google Pay and Samsung Pay, allowing the virtual Mastercard to be used for contactless payments without requiring a physical card.
Users also receive a personal Swiss IBAN, which can be used to send and receive eligible bank transfers. This makes the SafePal banking gateway useful not only for card spending but also for moving funds between crypto and traditional bank accounts.
SafePal allows users to customize their card spending limit from within the app, adding an additional security control over daily card usage.
The platform uses a tiered account system. Users can unlock higher tiers and lower fees through activity such as deposits, referrals and SFP staking.
SafePal does not currently advertise a permanent universal cashback rate for ordinary Mastercard purchases. Instead, card rewards are offered through selected promotions and partner programs.
For example, SafePal Mastercard users can access special travel rates through its Entravel partnership. Eligible hotel bookings currently receive 2% cashback after the earlier promotional 3% rate ended in March 2026.
Eligibility
SafePal's Mastercard is available only to citizens who also reside in supported jurisdictions.
Current Mastercard-supported markets include countries across Europe as well as selected markets in Asia-Pacific and other regions, including Australia, Canada, Hong Kong, Japan, Malaysia, New Zealand, Singapore, South Korea, Switzerland and the United Kingdom.
A separate group of supported countries can access the banking gateway without Mastercard functionality and are subject to significantly lower transaction limits.
The United States is not supported.
Users must complete identity verification before opening the Swiss IBAN account and receiving the Mastercard. The KYC process is required because the banking and card services operate through regulated financial infrastructure.
SafePal's normal non-custodial wallet remains available much more broadly and does not have the same eligibility requirements as the banking gateway.
How to get the card
Download or update the SafePal app.
Create or access a SafePal wallet.
Open the Bank section in the app.
Apply for a Swiss IBAN account through the SafePal banking gateway.
Complete the required identity and compliance verification.
Once approved, activate the banking account and virtual SafePal Mastercard.
Transfer supported crypto into the account and convert it into USDC or fiat where required.
Add the virtual card to Apple Pay, Google Pay or Samsung Pay.
Use the card online or for contactless purchases wherever Mastercard debit cards are accepted.
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