Introduction

SafePal is a cryptocurrency wallet invested by Binance. They recently launched several exchanges (mainly Bybit) and then decided to do some Crypto. This hardware wallet activity requires you to complete tasks to get it. When paying, you need to pay 10U (returned after activating the device) + shipping for your region (shipped from Shenzhen, mainland China is 5U, Canada is 17U, painful).

The activity ends at the end of June 24. This tutorial is posted very late. If you can’t see it, you missed it. Arrival time beyond June should be fine. I confirmed with customer service that as long as your device is obtained through the activity, the 10U paid at the time can be returned.

Process

Ordering

You need to transfer other coins equivalent to/greater than 35 USDC, such as ETH or USDT to SafePal wallet, then use SafePal’s Swap flash exchange function to convert your coins to at least 35 USDC.

  • Download and install SafePal App 1.1, create a new wallet.

  • Purchase from exchanges (Binance, OKX, ByBit, Kraken) or send cryptocurrency worth more than 35 USDC (cannot be USDC) from your other wallets to SafePal wallet.

  • Click the flash exchange at the bottom bar of Safepal App and exchange for an amount over 35 USDC.

  • Click Explore at the bottom bar of Safepal App, find the activity poster of Swap 35 USDC to Get Limited Edition USDC X1 Wallet in DApp, scroll to the bottom to find five tasks that need verification (Quiz, Whitelist, Twitter Rewards, Swap USDC, Redeem USDC X1 Wallet). If you completed the previous operations, here you only need to complete Quiz and bind Twitter (X) account to retweet the activity tweet and follow SafePal. Other tasks should be directly verifiable.

  • After verifying all tasks, you can find the order link in the Redeem USDC X1 Wallet task, pay 10U + shipping to place the order. Remember to go back to the activity interface to verify the last task after placing the order.

Arrival

After creating a wallet on the hardware wallet and binding the App, DApps - search “USDC Privilege” - “Claim 10 USDC”

Next are some pitfalls I encountered as a newbie:

The main process is to use money to buy currency other than USDC, which can be USDT or ETH. Let’s assume you bought USDT. When buying coins on an exchange, they won’t ask you what version of USDT it is, but when withdrawing coins, they will ask which chain you want to withdraw to (different versions). Here you need to pay attention that you must buy a little of the token corresponding to the version of USDT you withdrew to pay the Gas fee that will be charged when converting USDT to USDC later (understand it as handling fee). I give two examples in the article. For example, if you withdraw USDT (Polygon), you need to buy a little MATIC and withdraw it together to the wallet to prepare for gas fee.

  • Flash exchange USDC supports exchange to different versions on multiple different chains. This activity supports Avalanche, Avalanche, Ethereum, Optimism, Polygon PoS, Tron and Solana.

  • Different service fees and Gas fees charged when exchanging different service providers and different chains are the biggest pitfall. You can choose different chains when withdrawing coins from the exchange and sending to the wallet. I chose USDT (Solana) because of cheap handling fees, but didn’t know this meant I would need SOL (Solana) to pay the Gas fee for conversion. Similarly, if the original currency you want to exchange is on BEP20, you need BNB (BEP20) to pay Gas fee. You must prepare in advance. For example, I encountered the restriction that Binance P2P bought coins cannot be withdrawn within 24h, which slowed down my progress. And because exchanges have minimum withdrawal amounts when withdrawing coins, and the loss of converting USDC, you can’t just transfer exactly 35U equivalent to the wallet. There will always be some additional expenses. Looking back now, I should have transferred ETH (Arbitrum) from the beginning, then flash exchange to USDC (Arbitrum).

  • When verifying tasks, pay attention to authenticate step by step according to the task order. If the previous task is not completed, the Verify button of the next task cannot be clicked.

  • When paying finally, I don’t know why the option to pay with the USDC (Solana) I exchanged was not provided. I had to exchange USDC (Solana) back to USDC (Polygon) to pay, which meant I bought some MATIC (Polygon) again to pay Gas fee.

Finally, here are the Quiz answers. The questions will be shuffled, please correspond by yourself:

  1. What is USDC?

A digital dollar stablecoin

  1. Which blockchains currently supports Native USDC?

Avalanche, Arbitrum, Ethereum, Solana, and more

  1. What are the benefits of USDC?

A faster, safer, and more efficient way to send, spend, and exchange money.

  1. What is the advantage of using USDC over traditional fiat currency?

All of the above

  1. What does the term “always-on digital dollars” mean in relation to USDC?

USDC is available 24/7 for transactions, making it a convenient and reliable way to send, and spend money globally.

Hope everyone can take fewer detours.

Supplement

There are not many exchanges available in the United States, but you can learn from mainland cloud residents, cloud open N26 such German banks and then use bills to pass KYC. Of course, this is another topic. If anyone is interested in British cards or EU cards, I can open a separate post to talk about it. To be honest, cards from these regions are completely incomparable to US cards in terms of churning value, but they have some special functions in terms of KYC address proof or trading cryptocurrency.