The Complete Guide to the SafePal Mobile Wallet App

How to buy tokens that are scarce for transactions profitably using the Gas Station and how to save on Layer 2 networks is already explained in the article about the SafePal Wallet Browser Extension.

Here you will learn about the mobile version of the SafePal wallet: its security, cost efficiency, and user-friendliness.

SafePal App is the mobile adaptation of SafePal, designed to work in tandem with their hardware wallet. The app allows you to access features such as: hardware wallet management, token swaps, dApps, Earn, and more.

The wallet supports almost all popular blockchains and cryptocurrencies, including BTC, ETH, XRP, Sol, TON, SUI and many others.

Supported Assets

Interestingly, integrated exchanges for trading, charts, and staking tools are built in. The English version also includes news and a banking account feature.

Before using the wallet, it is important to understand its security features to safeguard your assets.

Security and Features

In terms of security, the following measures are implemented:

Additional security measures include: 

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And of course, there is standard password protection. Let’s move on to the benefits.

Regrettably, the banking account is not available in all regions. However, there are many other interesting features. Let’s take a closer look by installing the wallet.

Download, Installation, and Wallet Creation

Download the app from the official website. Versions for Android, iOS, and an APK file are available here.

Launch the app and you will be greeted with a welcome screen where you can connect your hardware wallet, import an existing one, or create a new wallet. Choose Create new wallet and set up a 6-digit password.

Backup

In the next step, back up your wallet to always have the option for recovery. Click Back Up Now and select Back Up Manually.

There is also an option for Back Up to Google Drive, though it is not recommended to store wallet data on cloud services.

Please read the warnings about losing access to your assets if the mnemonic phrase is lost and click Understood.

The app will generate a seed phrase – record it on paper in multiple copies so as not to lose it.

Next, you must confirm the words in the correct order to prove to SafePal that you have noted them correctly.

After clicking Verify, your wallet will open. Congratulations! You can now start using it.

How to Use

Let's begin with a brief overview of what the wallet interface offers you. Detailed descriptions of each section follow below.

• Coin – where your main cryptocurrencies and tokens are displayed.
• Bank – a crypto-banking account with zero fees for opening, managing, and transfers, regulated by the Swiss FINMA.
• DeFi – connect to protocols to earn interest.
• NFT – view your NFTs acquired on various blockchains.

Centered are buttons for key crypto operations:

• Send – send cryptocurrency by entering the recipient address, amount, and fee.
• Receive – display the QR code and address for receiving funds.
• Buy – purchase cryptocurrency with your local currency via third-party providers or exchanges.
• Index – a tab dedicated to passive crypto investments via indices – curated asset bundles (for example, DeFi, meme coins).

And there is the More button. It reveals additional features: SFplus, Gas Station, Approval Manager, SafePal Store, and Sign Message. We will cover these gradually.

Finally, the bottom menu:

• Wallet – crypto management tab featuring a list of coins along with top-up, send buttons, etc.
• Market – track prices, charts, and favorite coins.
• Explore – an integrated browser for accessing DApps with automatic smart contract connections.
• Swap – a feature for instant token conversions (for example, BTC to ETH).
• Earn – earn rewards through staking, deposits, participation in liquidity pools, and more.

Let’s move on to specifics. Starting with receiving addresses.

How to Create an Address

To generate an address:

1. Select a coin
2. Click Receive
3. Copy the address or QR code.

You can configure your BTC address by clicking on the menu.

You are offered a choice:

• Use one address – all transactions use a single address: convenient for tracking, but offers less privacy.
• Use multiple addresses – a new address is created each time and balances are aggregated. This increases anonymity by making transaction tracing more difficult.

The choice depends on your priorities: ease of management (one address) versus privacy (multiple addresses).

After obtaining an address, let’s move on to deposit options.

How to Fund

To deposit funds, share your address with the sender or use other services such as exchanges, swap services, and wallets.

Read our separate article: Deposit Methods – Exchanges, Telegram, P2P.

Once the transaction is completed, the wallet will update your balances.

SafePal also offers other funding methods: the Market tab and direct crypto purchases via bank cards.

Buying

You can buy (or sell) crypto directly through integrated providers such as MoonPay, Binance Connect, etc. These providers charge a fee per transaction and may not be available in all regions.

Under the Buy/Sell Crypto tab, you’ll have different payment options (card, bank transfer, Google Pay/Apple Pay, etc.).

For example, with Binance Connect you may receive 0.00341503 BTC for 300 USD, which is more favorable than 0.00311 BTC via MoonPay.

Is it cost-effective for you? The built-in services allow you to buy crypto without an exchange, saving time – but you may pay higher fees. The exchange rates offered by these services are also not always competitive, so it’s best to compare them with market rates.

Exchange

The Market tab offers the following opportunities:

• Access to market analytics and the Binance DApp – view real-time candlestick charts, analyze trends, and search for promising projects.
• Crypto Trading – create spot orders: choose a pair (e.g., BTC/USDT), enter an amount, confirm the trade, and track its status in the transaction history.
• Buying and Selling NFTs – purchase NFTs with the Buy button or list your own for sale.

Go to the Market tab, select a coin, view the chart, and click Trade. This will open the Binance DApp.

Besides Binance, two other exchanges – MEXC and BingX – are also integrated into the wallet.

The Market tab lets you conveniently sort market categories. You can add projects to your favorites or toggle between categories such as meme coins, stablecoins, mining coins, etc.

For instance, if you want to track those with the highest growth potential, choose the Meme category.

What other categories might interest you?

• Meme – remain in the spotlight driven by community activity and hype (DOGE, SHIB, etc.).
• Stablecoins – consistently at the top by volume since they are used for trading and hedging.
• AI – following the surge of interest in artificial intelligence, many AI-related tokens have grown.

And the time-tested ones:

• Layer2 (Arbitrum, Optimism, etc.) – solutions that reduce fees and speed up Ethereum transactions. They are in high demand.
• DeFi – still represents a significant market share, especially in DEX segments (Uniswap, Curve) and lending (Aave, Compound).
• NFT – continues to attract enthusiasts and major brands (although the hype has slightly cooled, the sector remains active).

NFT

The NFT section is available in two places:

1. Under Market for discovering and purchasing promising collections, and
2. Within the Wallet tab for managing your collections.

In Market you will see details on NFT project rankings by market capitalization (By Market Cap), floor price (Floor Price), and other metrics.

Popular collections such as CryptoPunks, Pudgy Penguins, Mutant Ape Yacht Club, Chrome Squiggle, among others, are listed with their current financial details.

By clicking on a collection, you can see which projects are most capitalized and popular. For instance, CryptoPunks with a Floor Price of 41 ETH and a Market Cap of 430,000 ETH is a major market player.

Data such as Floor Price and Market Cap can help assess a project’s stability. For example, CryptoPunks might be less risky than a new NFT project.

If you simply want to observe market trends, you might start with small amounts or even free NFTs available through airdrops or promotions.

If your aim is speculation (buy low, sell high), you will need to study the market, tokenomics, and project reputations more closely.

Swap

Instead of going to a specific exchange (Binance, Bybit, etc.), creating an account there, or transferring funds, you can swap cryptocurrencies directly within the wallet.

Here’s how the wallet’s swap conditions work for you:

• Select the tokens and specify the amount.
• Review the list of available swap offers.
• Set a price tolerance – either fixed or allowing for a slight fluctuation in percentage terms.

Is it beneficial? It depends on the provider you choose. For example:

• The best rate: Binance (2020 USDT per 1 ETH) gives you 1010.12 USDT for 0.5 ETH.
• The worst rate: Changelly (1998.72 USDT per 1 ETH) — 999.36 USDT.
• Difference: ~8.76 USDT (approximately 0.87% of the amount).

You can also set a Floating rate or Fixed Rate.

• Fixed rate protects you against price fluctuations but might be less advantageous.
• Floating rate can vary slightly during the swap, depending on market price movements. You can specify an acceptable percentage variation – the Slippage tolerance.

A swap is beneficial if you choose a provider with a high rate and low fees.

Fees

Swap fee – 0.2% significantly enhances the value proposition. These fees are comparable to those on exchanges, while other wallets may charge up to 3% for swaps.

Other operation fees:

• Deposit fee – 0%, but currency exchanges via the banking gateway (non-Euro, using Visa cards) incur a 1% fee.
• Binance DApp fees in SafePal are identical to those on Binance itself. SafePal does not add extra charges.
• Transaction fees are not charged by SafePal; however, the networks themselves impose transaction fees. Therefore, it is advisable to use L2 networks with low fees.

Operation	Fee
Swap	0.2%
Deposit	0%
Currency exchange via bank gateway (non-Euro, Visa)	1%
Binance DApp Fees	Same as on Binance
Transactions	Network fees only

If you need to perform a transaction with tokens but lack the funds to pay the fee on that blockchain, use the Gas Station.

Gas Station

This feature automatically converts some of your assets (such as stablecoins or $SFP) into the required cryptocurrency needed for paying fees. In other words, Gas Station acts like a separate account dedicated to covering transaction fees.

For example:

• You initiate a transfer of a token, e.g., USDT on the ETH network.
• If there isn’t enough ETH in the wallet to cover the fee, SafePal will prompt you to swap a small amount of USDT via the Gas Station.
• The fee is automatically paid, and the transaction is sent!

This feature is hidden under the More menu.

Simply choose the network and tokens for the swap.

Earn

The Earn tab allows you to put your idle assets to work like a bank deposit. Idle crypto can start generating income.

You have access to options such as Stake, Binance Earn, and Farm.

Staking

Stake is similar to a bank deposit. SafePal offers the following conditions:

• DAI – 5% APR.
• TRX – 3.99% APR.
• ETH – 2.87% APR – a modest yet steady return from a major cryptocurrency.

For example, you can stake DAI and receive the token sDAI in return.

sDAI is the “staked version” of your DAI (serving as proof that your DAI is locked in a smart contract). You earn income (an APR of 5% is advertised).

You can then unstake your DAI while accounting for accrued interest.

Binance Earn

Integrated Binance Earn in the wallet allows you to stake crypto at slightly lower rates, with options that may even offer daily interest accrual.

Both fixed (Fixed) and flexible (Flexible) staking options are available.

Unlike fixed-term deposits, flexible staking allows you to withdraw your assets at any time without forfeiting accrued interest.

For instance, by staking FDUSD (a stablecoin pegged to the dollar), you can earn an annual rate of up to 11% depending on the amount and terms.

For example, if you invest 800 FDUSD in Tier 1 (0–800 FDUSD) at an 11% APR, your annual income will be approximately 88 FDUSD (~0.24 FDUSD per day).

Are there any downsides? Of course. The app reminds you: "All investments carry risks." Even though FDUSD is a stablecoin, risks include:

• Platform security issues (for example, a Binance hack).
• Regulatory changes affecting stablecoins.
• A slight chance of FDUSD deviating from the dollar peg.

Also, you need to complete KYC verification on Binance to begin staking FDUSD.

Farm

With farming, you deposit tokens to help an exchange create sufficient liquidity. In return, you earn rewards from those exchanges. This is known as liquidity farming.

For example, depositing tokens like BNB-SFP LP or CAKE-BNB LP into liquidity pools may earn you between 3.35% and 4.98% plus additional bonuses.

This means that over a year, your contribution to the pool can yield returns in the form of tokens (often SFP or an additional pairing).

A yield of around 3–4% per annum is not the highest in the world of DeFi, but the risks are usually lower compared to more “aggressive” pools with high APRs.

However, conduct your own research before investing. Ensure you understand and are comfortable with the risks.

DApps

The DApps tab allows you to go beyond simply storing crypto in the wallet. It provides access to decentralized exchanges (DEXs), on-chain yield opportunities, lending markets, and more.

What kind of applications will you get?

• Trading on DEXs such as PancakeSwap or Uniswap, enabling you to earn by discovering undervalued tokens or by arbitrage.
• Lending – by lending assets on platforms like Aave or Venus, you can receive stable interest.
• Yield Farming – platforms like Pendle or Magpie may offer APYs exceeding 10–20%, although rates vary with market conditions.
• Liquidity Provision – earn fees, though be aware of the risk of impermanent loss if token prices diverge significantly.

This section also offers convenient filtering by category, network, and the option to add favorites.

Bank

The wallet integrates a bank that enables transactions with local fiat currency. This isn’t a traditional bank; it’s a Web3 bank that uses unique NFTs as digital banking credentials.

The account is opened with a virtual Mastercard, includes PayPal/Apple/Google Pay integration, supports deposits across 40+ blockchains, offers referral bonuses up to 40%, and provides staking privileges for SFP.

The banking account is not available in all regions.

To open a bank account:

1. Go to the Bank tab and click Get Started
2. Ensure that your wallet has a small amount of crypto (for instance, at least 0.001–0.002 ETH on the Arbitrum network)
3. If not, fund your wallet accordingly.

You will open a bank account, but to use it you also need a fiat account Fiat24. Opening this account involves verification – providing your passport, geolocation, and a selfie.

Finally, after all the KYC processes, you will see your card along with new available features.

The card allows you to spend crypto via conversion into euros.

How to Withdraw

You have two methods to withdraw funds:

Method 1: Withdrawing Crypto

• In SafePal: select a coin and click Send.
• Paste the recipient address in SafePal, enter the amount, and confirm the withdrawal.

Method 2: Withdrawing to a Bank via an Exchange

• In SafePal: convert USDT to fiat on the Buy/Sell tab – select the currency and exchange.
• After funds arrive at the exchange, withdraw them to your bank account via the P2P trading section.

For P2P trading, KYC verification is required on the exchange. Then, select your bank and a seller.

Advanced Settings

Adding Tokens

To add custom tokens:

1. Open Settings and select Custom Network
2. Click Add Network
3. Use the search function or click Add Manually
4. Enter the network details.

You can find the RPC Server and other details on ChainList.

Private Key and Seed Phrase

To retrieve your keys:

1. Click the arrow next to your wallet’s name
2. Click the three-dot menu
3. Select Backup for the seed phrase and Export Private Keys for the private key.

Remember, the seed phrase is common for the entire wallet, while the private key for each blockchain must be saved separately.

Import and Restore

To restore a wallet:

1. Go to the wallet addition menu and click Add Wallet
2. Select Add Existing Wallet and confirm with your PIN
3. Enter your seed phrase or private key.

This will restore your wallet along with all its assets.

Observation Mode

Observation Mode is a watch-only wallet that lets you monitor large crypto holders to see what transactions they are making. You can also add your own address to simply observe its balance without the ability to make withdrawals. This adds an extra layer of security.

To add a Watch-Only wallet:

1. In the wallet addition menu, select Observation Wallet
2. Agree to the disclaimer that funds cannot be sent to this address
3. Paste an address, for example, Vitalik Buterin’s 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045
4. Select the networks
5. View the balance, NFTs, DApps, and other network activity of that address

Integration with Hardware Wallet

To link the app with a hardware wallet:

1. In the wallet addition menu, select Connect Hardware Wallet
2. Choose the wallet model between S1, X1, or S1 Pro.
3. Turn on your hardware wallet and click Next
4. When you are ready to scan the QR code, click I'm ready!
5. Finally, scan the QR code to link the wallets.

Conclusion: Is It Worth Using?

The SafePal App proves to be a veritable treasure trove in terms of functionality! It offers everything you could imagine: from secure crypto storage and convenient swaps to staking, exchange integration, and access to DApps.

Swaps are further secured by MEV protection technology. Moreover, scam token detection enhances security even further.

Based on all of our wallet comparisons, SafePal is rightfully considered one of the most feature-packed wallets available.

What are its downsides?

• Combining the functions of both a hardware and a software wallet, along with mini-applications for swaps, has made the interface complex.
• The sheer number of features can be overwhelming, making it hard to choose which tools to use.
• Users report long support response times.

Overall, the wallet is quite good if you take the time to really understand its features. This is largely confirmed by its positive reviews.

Support:

• Help Center and live chat where you can submit a support request.
• Feedback form.
• Troubleshooting articles.