
Is SafePal safe? What its own terms say
Is SafePal safe to use for casino deposits?
SafePal's terms disclaim custody and access to your keys, so by their account only you can sign a deposit. Its terms name no gambling rule (safepal.com, read 2026-10-07), which is an absence, not a permission. Contracting party: SkyGenesis Holdings Limited, place of incorporation not stated. 6 points are not verified. 1 primary-source incident is recorded. Liability: excluded for all loss.
Documents last checked Reviewed by CryptoGuardz Register Desk, editorial desk
Disclosure: CryptoGuardz has no commercial relationship with SafePal, earns nothing if you install it, and has not contacted the company or given it notice of this entry. Every statement below is either a verbatim quote from a document SafePal publishes or a statement about a public record, and both carry the date they were read. Corrections go to the corrections page.
1. What this means for you
Consequences first, in the conditional, each one produced by a clause in a document SafePal publishes itself. Every line links to that clause, quoted in full and dated. None of them is a claim that SafePal can move your coins on chain: the terms disclaim that power and this register takes them at their word on it.
- Your access to the app can be withdrawn if SafePal decides to withdraw it The suspension clause enumerates grounds, and one of them is the expiry of a contract between SafePal and a technology partner, which is nothing you control.
- You are contracting with someone you cannot name if you use the swap, the on-ramp or the staking inside the app 4 sub-service clauses are recorded across 3 kinds of service, and most of the counterparties are identified in the terms only as a third party.
- Your on-ramp account can be blocked by a provider SafePal cannot see inside Buying with a card or bank transfer routes through a regulated intermediary that takes identity documents and applies its own compliance decisions.
2. What this entry records, and what it does not
This register publishes no number for a wallet. The payout score on the casino register has five defined components and a published arithmetic; no equivalent instrument exists here. What follows is a field-by-field account of what was read, where and when.
| Binding terms | Read in full5 clauses captured verbatim across 5 topics, retrieved 2026-10-07 |
|---|---|
| Contracting entity | SkyGenesis Holdings LimitedNo jurisdiction of incorporation stated in the binding document |
| Custody position in the terms | Disclaims custody and disclaims access to key materialAsserted from section 9.2 of the terms, which states SafePal will not store a backup of, nor be able to discover or recover, private keys or mnemonic words. |
| Sub-services | 4 clauses recordedSwap · Fiat on-ramp · Staking. A count of recorded clauses, not of distinct companies. |
| Code audit | Not measuredNo security audit, source review or reproducible-build check has been carried out or read by this register. A wallet's safety is largely decided there, and nothing on this page speaks to it. |
| First-party test | Not measuredNo transaction has been signed, no swap executed and no recovery flow run through this product by this register. |
| Default node provider | Not disclosedNo RPC or node provider is named in any primary document retrieved. |
3. What we could not verify
Every entry carries this section. The gaps are published because a reader deserves the limits of the check as well as its results.
- SkyGenesis Holdings Limited's place of incorporation, registered address and company number. The terms and privacy policy give none, and no company register was checked.
- Governing law and dispute forum. None was found in the terms.
- Named swap, on-ramp and staking providers other than Fiat24.
- Whether SafePal itself can block an address or transaction. No clause was found either way.
- TON and Base support. Not confirmed on a current SafePal page.
- Cloud backup in the software app, if any. Not checked.
4. Who you are contracting with
The binding document names a company. It does not name a jurisdiction of incorporation, which is a different and smaller gap: a reader can find the counterparty but not the register it sits in.
| Named counterparty | SkyGenesis Holdings Limitedsource · retrieved 2026-10-07 |
|---|---|
| Jurisdiction | Not stated. The terms name SkyGenesis Holdings Limited and give no registered address, company number, place of incorporation, governing law or forum. |
| Relationships disclosed | The terms name Fiat24, described as a Swiss-regulated financial institution operated by SR Saphirstein AG, as the provider of banking and card services. The privacy policy names Prighter Group as EU privacy representative. No other counterparty is named. |
SkyGenesis Holdings Limited (hereinafter referred to as, 'SafePal', 'the Company', 'ourselves', 'we' or 'us')safepal.com
5. The custody claim, and what the binding document says
What SafePal says in the place a user reads, against what it says in the place that binds a user.
Your private keys never leave your non-custodial wallet so no one else has access to them, ever.safepal.com · 2026-10-07
SafePal WILL NOT STORE A BACKUP OF, NOR WILL BE ABLE TO DISCOVER OR RECOVER, YOUR PRIVATE KEY OR MNEMONIC WORDS.safepal.com · 2026-10-07
Your keys are safe on the device, because there is no bluetooth, no WiFi, and no NFC.safepal.com
SafePal does not have any responsibility to assist the User to store or recover his/her Private Keys, passwords, pattern lock or Mnemonic Wordssafepal.com
SafePal sells hardware wallets (S1, X1) and a software wallet app. For the hardware wallets the device holds the keys; for the software app the keys are on the user's phone. The binding document is the SafePal Terms of Service, which covers the app and website and does not describe the hardware wallets or use the word non-custodial; it disclaims backup, discovery and recovery of keys.
6. Recovery, and where the terms and the marketing differ
| Cloud or hosted backup offered | no |
|---|---|
| What is stored | Nothing by SafePal, by the terms. The user keeps the mnemonic words. |
| Where | On the hardware device or the phone, and in the user's own record of the mnemonic words. |
| Changes the custody position | no |
SafePal WILL NOT STORE A BACKUP OF, NOR WILL BE ABLE TO DISCOVER OR RECOVER, YOUR PRIVATE KEY OR MNEMONIC WORDS.safepal.com
No difference found between the terms and the marketing on key storage. Whether the software app offers any cloud backup was not checked against the help centre.
7. The app is not the wallet
4 clauses, each one a place where the product routes a user to a counterparty the user never contracts with by name, under terms the user never opens. The count is of recorded clauses and not of distinct companies: two entries can name the same counterparty and each still be a separate thing the terms permit.
Centralized Digital Asset exchange, Decentralized Digital Asset exchange and/or any decentralized Digital Asset swap, Fiat currency and Digital Asset on-ramp and off-ramp service provider, NFT marketplace, NFT marketplace's aggregators, Centralized and Decentralized Digital Asset exchange aggregators, Decentralized staking and/or earning facilitiessafepal.com
the User may be required to provide Personal Information for Third Party Service Provider's account opening and KYC process. All such Personal Information and KYC information are retained and stored in the relevant Third Party Service Provider.safepal.com
SafePal is not a bank and does not hold, manage, or control any funds or accounts opened through Fiat24.safepal.com
Decentralized staking and/or earning facilitiessafepal.com
8. Withdrawing your access to the interface
Your keys are yours. The software you reach them through is licensed, and the licence can be withdrawn. 1 clauses are recorded on this point.
SafePal may terminate the Website, the Agreement, the Service and all rights granted hereunder immediately and without notice.safepal.com
9. Who can block an address
SafePal claims no power to block an address in the documents read. No clause in the documents read discloses that another party in the stack can freeze or blacklist an address either. That is an absence of disclosure, not a guarantee that no such party exists.
10. What the terms say about gambling
Position recorded: not disclosed. No clause naming gambling, betting, casinos or wagering was found in the documents read. That is an absence in the documents, not a permission, and the general prohibition on unlawful use still applies.
The card side of the same question is on the card register, and the casino side on KYC on withdrawal.
11. Chains it names
Of the eight chains this register filters on, SafePal names 6: Bitcoin, Ethereum, BNB Chain, Tron, Polygon, Solana. Not named on the pages read: TON, Base. Networks named on the SafePal Extension page. TON is not listed: the only TON source found is a SafePal blog post of 17 November 2022 announcing future compatibility in Q4 2022, which is a forward-looking statement and was not counted. Base was not confirmed. Per-device support for the S1 and X1 hardware wallets was not checked.
Bitcoin, Ethereum, BNB Chain, Tron, Polygon, Solana, Avalanche, Cardano, Optimism, Near, Arbitrum, Fantomsafepal.com
12. Liability, amendment, arbitration and where you can use it
The liability clause excludes liability for all loss rather than capping it at a figure. It is the clause that decides what the rest of the document is worth.
In no event shall SafePal be liable for any direct, indirect, punitive, incidental, special, or consequential damages arising out of, or in any way connected with, the use of this Website or the Service.safepal.com
An exclusion of all damages, not a capped figure.
SafePal reserves the right, at its sole discretion, to change, add or remove portions of these Agreement, at any timesafepal.com
SafePal may from time to time impose restrictions on Excluded Person to use part of or all of the Servicesafepal.com
Excluded Person is defined as a User who is prohibited, restricted, unauthorized or ineligible to access the Website or use the Service under any laws, regulatory requirements or rules in the User's jurisdiction. No country is named.
What the provider states it processes, and who it passes it to. Recorded because a wallet that never touches a key can still see every address you hold.
digital asset wallet address, counterparty wallet address, your transaction history, trading datasafepal.com
Listed among data collected in the privacy policy last updated 16 August 2026, alongside device information and IP address. This is more than most wallets in the register record collecting.
13. Public record
Matters of public record, taken from primary sources and stated with them. Both of the records below were disclosed by the provider itself or entered in a public vulnerability register, rather than found in the press.
SafePal disclosed that an authorisation flaw in the order-tracking function of a plug-in exposed customer order information to unauthorised access between 2 March 2025 and 11 April 2026. About 39,798 customers were affected; names, email addresses, shipping addresses, phone numbers and purchase details were exposed. SafePal states seed phrases, private keys and wallet credentials were not involved.
This incident did not involve your seed phrase, private keys, wallet password, or other wallet credentials.
14. Who should avoid SafePal
Anyone who needs a named party to be answerable for a loss. The liability position is excludes liability for all loss, and the terms disclaim responsibility for every third-party service the app routes you into.
Related entries
Or read the whole wallet register, the card register, the same method applied to exchanges and to crypto casinos, the clause library at clause watch, or how this register works.
15. Sources
- SafePal Terms of Service, last updated 5 September 2024
- SafePal Privacy Policy, last updated 16 August 2026
- SafePal homepage
- SafePal Extension page, supported networks
- SafePal blog, TON support announcement, 17 November 2022
- SafePal blog, Unauthorized Access To A Subset Of Customer Order Information, 16 August 2026