SafePal Bank Channel Service User Guide: Bridging Crypto Assets and TradFi

SafePal has partnered with Swiss Fiat24 Bank to launch a banking channel service that provides users with a compliant pathway for low-threshold two-way conversion between Crypto Assets and Euros. This service not only offers a Mastercard for convenient small transactions and withdrawals but, more importantly, it is a compliant Swiss bank account that supports Euro and Swiss Franc remittances, which can be used for deposits and withdrawals at overseas brokers and crypto exchanges.

1. The Bidirectional Connectivity Between Crypto Assets and Euro

1. Recharge and exchange USDC( Arbitrum) to euros through the SafePal wallet app.

2. Transfer euros to your personal SafePal Swiss bank account via SEPA.

2. Practical Application Scenarios

1. Overseas brokers' Euro deposits and withdrawals such as Interactive Brokers, Charles Schwab (

Taking Interactive Brokers as an example, it detailed the deposit process:

• Select the Euro deposit method in the Interactive Brokers app.
• Obtain transfer instructions and payment reference number
• Complete the transfer operation in the SafePal wallet APP

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) 2. Euro deposits and withdrawals by traditional banks/remittance service providers

Deposit:

• Purchase euros through domestic bank foreign exchange services
• Transfer euros to the Swiss bank account provided by SafePal

Withdrawal:

• Transfer euros back to a domestic bank that supports SEPA payments.
• Or transfer funds back to the domestic market through service providers like Wise.

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) 3. The inflow and outflow of funds in the Crypto Assets exchange CEX

Withdrawal: Transfer from the exchange to the SafePal bank account

Deposit: Recharge euros to exchanges like Binance through the SafePal co-branded Mastercard.

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) 4. Bind Apple Pay, Google Pay, pay for international subscription services

• Can be linked to mainstream mobile payment platforms
• Supports in-app purchases, online shopping, and in-store consumption, etc.
• Take subscribing to the X blue label as an example to explain the operation process.

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3. User Experience and Precautions

• The service is divided into two parts: compliant Swiss bank accounts and co-branded Mastercard.
• Comply with the foreign exchange control regulations of mainland China and provide compliant deposit and withdrawal channels.
• Long-term fee-free activity, comprehensive fee wear of about 1%-3%
• Take care to keep your mnemonic phrase and private key safe to avoid leakage of card information.

The SafePal banking channel service is not only competitive in terms of fees, but also differentiates itself in functionality. It provides users with a compliant, convenient, and secure channel for the inflow and outflow of Crypto Assets and fiat currency, meeting users' diverse needs in cross-border capital flows and asset allocation.