Getting started with Bitcoin crypto-mining might be a difficult task. It necessitates not only several setups on the user’s hardware but also a platform that supplies crypto-mining software. Our client simplifies the crypto-mining process. All the basic configurations are done automatically after the user downloads the podium and pushes start.
Crypto firms must have the infrastructure and technology in place to handle these increases in trade volumes. These organisations do not have a long track record of procedures to handle a big inflow of new clients and transactions, unlike stock markets and other mature exchanges, which have had decades to build such systems. Despite the fact that there has been a crypto dip, the market can rapidly recover, and if it does, people will likely flock back to it to open new accounts.
Our client works as a broker as well. The company facilitates crypto-mining for people worldwide, catering to both consumers and sellers. The majority of our clients are sellers, with a total of 2.5 million users, 1.2 million of whom are crypto-mining daily. Meanwhile, buyers can utilise our client to purchase huge quantities and send them to their preferred crypto-mining pools (and mine for whichever coin they wish).
When it comes to bitcoin crypto-mining, companies must prioritise account theft prevention and compliance with their regulator’s criteria when the Know Your Customer (KYC) procedure comes into play. Our customer was doing business in over 190 countries, each with its own crypto rules. Because they had to keep up with the regulatory requirements of so many different jurisdictions, this posed significant compliance issues.
Our customer investigated several KYC solution providers before settling on Surepass. Many were either excessively costly, had low conversion rates, or were not user-friendly enough. Our customers require a user-friendly dashboard with access to application approval and rejection grounds and the ability to make judgments independently if necessary.
After extensive research on various KYC services, our customer ultimately chose Surepass. Their final decision was based on the following criteria:
- Verification flows that can be customized for different product offerings.
- Multiple regulatory requirements necessitate an all-in-one solution.
- The processing time is short, and the verification speed is fast.
- The interface is simple to use.
- High-quality client service.
- Good social media presence and a good reputation.
Automate your KYC Process & reduce Frauds!
We have helped 200+ companies in reducing their user onboarding TAT by 95%
With our APIs, you simply have to input the ID number, say PAN number or Aadhaar number in this case, into the system and it will give you results in an instant. We check the inputs through the government as well as the public database. So, the chances of error are almost equivalent to zero. Our APIs extract data like name, age, d.o.b, address, photo, mobile number, and gender for ID verification. All this process is spontaneous. We won’t keep you waiting for the results.
At the beginning of 2020, our client began working with Surepass. It took less than two months to complete the integration. They’ve checked nearly half a million users since then (452,341).
Shubhendu is a seasoned API developer with years of experience. Get expert advice, best practices, and real-world examples on API development, testing, deployment, and more. Take your API development skills to the next level with Shubhendu's in-depth articles and tutorials.
More posts by Shubhendu Kumar