Building a crypto wallet as a service platform from scratch can be a daunting process, often entailing complex regulatory requirements and coordination with multiple partners. This approach is not only time-consuming but can also become costly and tedious, especially when it comes to securing the necessary licenses to operate. With its VASP license, the platform is uniquely equipped to help businesses launch their fintech products in as little as six weeks.
By providing a publicly accessible sandbox, it enables companies to build crypto exchanges and issue multi-account crypto wallets via its wallet API. These wallets support major cryptocurrencies like BTC, ETH, and USDC, and can also be linked to crypto cards for easy direct payments.
Onboarding Users for a Seamless Start
To access the exchange platform and receive their wallets, end users need to go through onboarding and verification, including email, phone, and KYC checks. Once verified, users gain access to IBANs, deposit addresses, and payment cards.
Create Multi-Account Wallets with Crypto Wallet API
After verification, each user is provided with a default wallet containing multiple crypto accounts, allowing businesses to choose which currencies they wish to enable for their users, along with options to add IBANs and deposit addresses.
Crypto banking offers two models for tailoring a product to your users’ needs:
– Crypto as a Service: Onboard users, assign dedicated crypto deposit addresses, issue vIBANs, and enable fiat trading.
– Crypto and Banking as a Service: Built on the first model, this adds the ability to issue branded VISA crypto cards that can be linked to any currency. This is ideal for neobanks or fiat offramp applications where users want to spend crypto directly from their card.
Build a Crypto Exchange Platform with Comprehensive APIs
The crypto wallet API offers a streamlined experience for users, who can store both crypto and fiat and make payments as seamlessly as they would with a traditional bank card.
The multicurrency wallet allows users to conduct all transactions from a single app, simplifying the payment process and enhancing customer retention.
With Lightning-enabled cards, the crypto exchange wallet also offers rapid, secure transfers that complete in seconds, providing an efficient, user-friendly solution for modern fintech needs.