Many cryptocurrency companies have a need to do business in a crypto wallet, branded with their own brandbook. That being said, not everyone has the ability to develop their own software. Fortunately, it is possible to use a white label cryptocurrency wallet payment processor. When looking for the right product, it is important to pay attention to whether it meets the main needs of the business. In this article, we will discuss what a good cryptocurrency wallet should offer a company, using BitHide as an example.
White Label crypto payment gateway: necessary functionality
A wallet that will work with crypto assets of a business should have a number of features to ensure security and offer the user a set of tools for comfortable management of financial flows. Let’s tell about each group of features in detail.
Security
First of all, a company’s cryptoassets should be as secure as the user’s data. For this purpose, the product requires the implementation of a number of points. In BitHide, the following are responsible for reliability:
Dark Wing technology (a synthesis of VPN and Tor). It hides the real IP address of the wallet, sending a thrice changed one to the node. No one can find out the real one and track the size of the working capital, as well as calculate the physical location of the wallet;
seed phrase. Each client receives it at the moment of the first entry into the product. It is a guarantee that even in case of server failure, the user will be able to restore access to his funds;
installation of the software on the server under the client’s control. Thanks to this, he will be able to decide for himself whether his customers need KYC procedure;
built-in asset risk verification. It is enough to click a button to find out what risk level cryptocurrency is on the internal or any external address;
wallet data is encrypted with a unique 512-bit key. It is also received by each client at the time of account setup.
Ease of use
The items listed in the previous list make BitHide’s crypto White Label product a solution for companies, with which entrepreneurs can rest easy about data and cryptocurrency security.
However, that’s not all that a business needs to be comfortable with cryptocurrencies. One also needs a sufficient toolkit. BitHide offers its users the following functionality:
separation of financial flows by creating an unlimited number of sub-wallets and addresses in them;
multiaccess with assignment of different wallet management roles;
auto withdrawals. Funds will be automatically transferred to the addresses specified by the user. Regular or one-time auto-withdrawals are available;
bulk payments. To transfer funds to multiple recipients at once, it is enough to upload a file with addresses and amounts previously generated on the computer and press “transfer”;
balance reports with fixing the purpose of payments and cryptocurrency rates at the time of receipt. As well as uploading reports in excel or csv formats;
API integration of the wallet with the platform, website or CRM-system;
personal Telegram chat for each client, where you can solve any questions about the product with a personal manager.
White Label cryptocurrency wallet: creation
To start working with BitHide on the White Label model, you only need a number of actions:
leave an application on the website;
make a payment for the product;
install the software on a controlled server;
set up an account and brand the wallet.
Conclusion
White Label crypto-payment processor from BitHide is a solution for business, with which you can quietly engage in the development of the company, working with convenient tools and without worrying about the safety of cryptocurrencies and data.
