Blog Posts

May 7, 2018

Bitcoin Wallet — Our First Crypto Wallet

Sankaet Pathak
CEO

Today we are launching our first Crypto Wallet for Bitcoin with the goal to make buying and selling crypto currencies as easy as funding a deposit account.

Funding or unfunding a crypto wallet works the following way:

  1. Create a BTC-US wallet: https://docs.synapsefi.com/docs/btc-us.
  2. Get a quote: https://docs.synapsefi.com/docs/get-crypto-quotes.
  3. Move funds from a deposit node to BTC-US or visa versa: https://docs.synapsefi.com/docs/create-transaction.

That’s it!

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We also want to make compliance and implementation work as minimal as possible for developers. So there are two novel aspects to the crypto wallet that aid that effort:

1. Exchange

2. Custody

Exchange

We perform the exchange for the crypto and fiat on our side. No separate exchange integration is needed.

Custody

Likewise, we manage the custody of crypto. No separate trust or bitcoin wallet integration is needed.

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Crypto wallets are avaliable in sandbox for integration. If you wish to enable crypto wallets, please reach out to us at help@synapsefi.com.

Sources

Bitcoin Wallet — Our First Crypto Wallet

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Sankaet Pathak
May 7, 2018

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