Wallet as a Service
Creating a crypto exchange platform from scratch involves overcoming several hurdles, from regulatory compliance to managing complex partnerships, all of which can be costly, time-consuming, and resource-intensive. A crypto banking service provider is well-equipped to simplify the wallet as a service process, enabling fintechs to launch robust crypto products within as little as six weeks.
Using the publicly available sandbox, companies can build comprehensive crypto exchange platforms and issue user crypto wallets through the powerful crypto wallet API. These wallets support multiple assets, including BTC, ETH, and USDC, and can be connected to crypto cards, allowing users to make direct payments.
User Onboarding Made Simple
Before users can access your exchange and wallet features, they must complete the onboarding process. This includes verifying their email, phone number, and identity through KYC procedures. Once verified, users gain access to IBANs, deposit addresses, and payment cards.
Create Crypto Wallets with an API
After verification, each user receives a default wallet with multiple accounts, giving businesses the flexibility to enable a variety of currencies with associated IBANs or crypto deposit addresses. Crypto banking offers two primary models to best meet user needs:
- Model 1: Crypto as a Service – With this option, businesses can onboard users, assign dedicated crypto deposit addresses, issue vIBANs, and facilitate trading against fiat currencies.
- Model 2: Crypto and Banking as a Service – Building on Model 1, this option includes the ability to issue branded VISA crypto payment cards linked to any currency account. This model is ideal for neobanks or fiat offramp applications where users want to spend crypto assets directly through a crypto debit card.
Develop a Crypto Exchange Platform with Crypto Banking APIs
The crypto wallet API allows businesses to provide users with a multicurrency wallet for storing crypto and fiat, making payments with crypto as seamless as traditional banking. By consolidating transactions within one app, users enjoy a streamlined experience, which can enhance customer retention.
Moreover, Lightning-enabled cards offer users fast, secure transactions that process within seconds, enhancing the convenience and appeal of your crypto exchange platform.
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