Financial & Legal

Building a fiat crypto exchange platform from scratch involves overcoming several challenges, including managing regulatory compliance and coordinating with multiple partners for card issuance. This process can be costly, time-consuming, and complex. 

Navigating regulatory hurdles and securing the necessary licenses are particularly difficult, but a VASP-licensed company can help businesses bypass these obstacles and build their fintech products in as little as six weeks.

A publicly available sandbox provides a testing environment for businesses to develop crypto exchange platforms and offer crypto wallets to their users through the API. These wallets can support various cryptocurrencies like BTC, ETH, and USDC, and can be linked to crypto cards for direct payments.

Get Started by Onboarding Users

Before end users can access your exchange platform and crypto wallets, they need to complete the onboarding process, which includes email, phone, and KYC verification. Once verified, users gain access to features such as IBANs, deposit addresses, and crypto cards.

Create Wallets with an API

After successful verification, users receive a default wallet with multiple accounts. You can choose which currencies to enable for your users, providing them with crypto deposit addresses or IBANs, depending on your platform’s needs.

Striga offers two models to help tailor your product to your users' needs:

Model 1: Crypto as a Service
This model allows you to onboard users, offer dedicated crypto deposit addresses, issue vIBANs, and enable trading against fiat currencies.

Model 2: Crypto and Banking as a Service
Building on Model 1, this option allows you to issue branded VISA crypto cards that can be linked to any account in any currency. This model is ideal for neobanks or fiat [offramp](https://striga.com/fiat-off-ramp/) applications, where users can spend crypto directly from their debit card.

Build a Crypto Exchange Platform with Crypto Banking APIs

A crypto wallet API allows businesses to provide users with a multicurrency wallet that stores both crypto and fiat, enabling seamless payments just like a traditional bank card. This integrated solution simplifies the payment process, enhancing user experience and boosting customer retention.

Additionally, with Lightning-enabled cards, your crypto exchange wallet can offer fast, secure transactions that complete in seconds, ensuring a smooth and efficient user experience.

By leveraging a comprehensive crypto banking solutions, you can launch a fully operational crypto exchange platform quickly and efficiently, without the need for extensive in-house development.

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