How to Open A Bank Account with SafePal Mobile Wallet

  • Updated

Thank you for choosing SafePal! This article provides a step-by-step guide on how to create a bank account using the SafePal Wallet. Before proceeding to the next steps, we suggest taking a look at some key security tips in this section to ensure the safety of your cryptocurrency.

 

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This article contains the following four steps: 

 

Step1    Download and setup the SafePal App

The first step is to download the SafePal App here, set up the latest versuib (V4.5.0 or above) on your phone, and create or import a wallet into the SafePal App. The following are some useful tutorials you may need: 

 

Step2   Open the Bank Account

Prior to initiating the account setup, please verify that your wallet contains 0.002 ETH and 10 USDC on the Arbitrum network. These assets are for verification purposes only, and no fees are charged. Launch the SafePal App, navigate to the 'Bank' section, and select 'Get Started' followed by 'Next'. 
 
Choose a preferred number to serve as your account ID. If you possess a referral code, make sure to input it. Proceed by clicking 'Mint My Account NFT' and await the minting process, which typically spans approximately 10-20 seconds, to finalize the creation of your account.
 
Upon creating the account, you will be awarded an Account NFT. Registration is required thereafter to commence utilizing the banking services.

 

Step3   Register your Bank Account

Click ‘Register on Fiat24’ and the follow the step prompts to complete the registration. View the registration tutorial here.

 

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