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Theya Introduces Direct-To-Wallet Bitcoin Purchases

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Multisignature Bitcoin Vault Maker Thea Bitcoin announced yesterday that it will enable users in the United States to buy bitcoin through its app and send it directly to self-custody via hardware wallets like Ledger, Trezor, Foundation, and ColdCard or through its multi-signature vaults.

Not only does this unique feature include instant funding and low fees, it also eliminates the hassle of transferring Bitcoin from the exchange to self-custody.

โ€œWe are excited to offer this much-needed feature,โ€ said Sriram Bhargav Karnati, co-founder of Theya, in a press release shared with Bitcoin Magazine. โ€œBy enabling direct Bitcoin purchases in self-storage, we are removing the need for complex transfers from exchanges and providing our users with unparalleled flexibility in how they acquire and store their Bitcoin.โ€

Other key benefits of this new feature include a quick identity verification process, ensuring fast and secure Bitcoin purchases, as well as eliminating address whitelisting (getting permission from the exchange to send your Bitcoin to a specific address).

The new feature currently takes advantage of the ACH payment system for Bitcoin purchases, and Theya plans to offer a bank transfer option for larger purchases.

To enable ACH transfers, Thea has partnered with Cyberdomea regulated payment platform registered as a Money Services Business (MSB) in the United States. Cybrid runs a Know Your Customer (KYC) process so that Theya does not have to collect, store, or process its customersโ€™ personal information.

โ€œThis is a significant step forward in making bitcoin accessible and secure for everyone,โ€ Karnati added. โ€œWe believe in empowering users to choose how they manage their bitcoin, and we are committed to developing tools that make self-custody straightforward, powerful, and easy to use.โ€

For more information about Theya and Karnati, check out our website. Founders Piece About the company and its co-founder.

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