Multisig bitcoin vault maker Theya Yesterday, it announced that US users will be able to buy bitcoins through the app, and then have them sent to their self-custody hardware wallets such as Ledger Trezor Foundation ColdCard and Foundation, or via its multisig vaults.
🚀 BUY BTC LAUNCH🔥
The feature is a game changer, allowing US users to purchase Bitcoin and deposit it directly in their self-custodial wallets.
Get rid of complicated transfers, and say goodbye to high fees! pic.twitter.com/aWB9vwDErZ
— Theya Inc (@TheyaBitcoin) August 20, 2024
The unique features of this feature include instant funding, low fees and the removal of the need to move bitcoins from exchanges into self-custody.
“We’re thrilled to introduce this much-requested feature,” Sriram Bharti Karnati, cofounder of Theya and Bitcoin Magazine, said in a recent press release. “By enabling direct bitcoin purchases into self-custodial storage, we’re eliminating the need for complex transfers from exchanges and providing our users with unparalleled flexibility in how they acquire and store their Bitcoin.”
The new feature has many other benefits, including a faster identity verification that ensures secure and fast bitcoin purchases. Additionally, it eliminates the need for address whitelisting. This is when you ask your exchange for permission to send bitcoins at a particular address.
Theya will introduce a wire-transfer option to make larger bitcoin purchases.
Theya partnered up with ACH to enable ACH transfer. CybridThe platform is registered in the US as a Money Service Business. Cybrid oversees the Know Your Customer (KYC) Theya does not have to store, process or collect any personal data about its customers.
“It’s a significant step forward in making Bitcoin acquisition both accessible and secure,” Add Karnati. “We believe in empowering users with choices in how they manage their Bitcoin, and we’re dedicated to developing tools that make self-custody straightforward, powerful, and user-friendly.”
Visit our site for additional information about Theya and Karnati. Founders piece The company’s co-founder.
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Source: bitcoinmagazine.com