Theya Introduces Direct-To-Wallet Bitcoin Purchases

Multisig bitcoin vault shaper Theya announced yesterday it volition alteration US users to acquisition bitcoin done their app and person it sent straight to self-custody via hardware wallets similar Ledger, Trezor, Foundation and ColdCard oregon done its multisig vaults.

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We’re launching a overmuch requested, game-changing diagnostic that allows US-based users to bargain Bitcoin straight into self-custodial vaults.

Say hullo to debased fees and goodbye to analyzable transfers from exchanges! pic.twitter.com/aWB9vwDErZ

This unsocial diagnostic not lone includes instant backing and debased fees, but it removes the hassle of moving bitcoin from an speech into aforesaid custody.

“We’re thrilled to present this much-requested feature,” said Sriram Bhargav Karnati, co-founder of Theya, successful a property merchandise shared with Bitcoin Magazine. “By enabling nonstop bitcoin purchases into self-custodial storage, we’re eliminating the request for analyzable transfers from exchanges and providing our users with unparalleled flexibility successful however they get and store their Bitcoin.”

Other cardinal benefits of this caller diagnostic see a speedy individuality verification process, which ensures accelerated and unafraid bitcoin purchases, and arsenic good arsenic the elimination of code whitelisting (obtaining support from an speech to nonstop your bitcoin to a definite address).

The caller diagnostic presently leverages the ACH outgo strategy for bitcoin purchases, and Theya plans to present a ligament transportation enactment for larger purchases.

To alteration ACH transfers, Theya partnered with Cybrid, a regulated outgo level registered arsenic a Money Service Business (MSB) successful the US. Cybrid manages the Know Your Customer (KYC) process truthful that Theya doesn’t person to collect, store oregon process the idiosyncratic accusation of its customers.

“It’s a important measurement guardant successful making Bitcoin acquisition some accessible and secure,” added Karnati. “We judge successful empowering users with choices successful however they negociate their Bitcoin, and we’re dedicated to processing tools that marque self-custody straightforward, powerful, and user-friendly.”

For much accusation connected Theya and Karnati, spot our Founders piece connected the institution and its co-founder.