White Label “Crypto Wallet” lvl.3 is a complete and most advanced package for companies that want to provide their users with the most complete and highly developed capabilities for working with cryptocurrencies. This package includes all the features of the previous levels, and also adds integration with fiat currencies, advanced functionality for storing, exchanging and transferring digital assets, as well as additional tools for improving security and risk management.
For large and ambitious projects that want to offer users all the capabilities for effective cryptocurrency management, the lvl.3 level is the optimal choice. It allows you to create a scalable platform with advanced features and support for many cryptocurrencies and fiat assets.
At lvl.3, the company not only receives licenses to work with cryptocurrencies, but also the ability to work with fiat currencies. This includes support for deposits and withdrawals in fiat currencies (e.g. USD, EUR, GBP), as well as the ability to exchange between cryptocurrencies and fiat money.
Advantages:
Possibility of exchanging cryptocurrencies for fiat money.
Support for payments in fiat currencies via bank accounts and cards.
A variety of options for deposits and withdrawals, which attracts users accustomed to traditional currencies.
Restrictions:
Working with fiat currencies will require integration with payment gateways, which requires additional technical effort.
In the lvl.3 package, the AML officer service becomes even more important, as working with fiat money requires even more careful compliance with international norms and standards. At this level, the AML officer performs more complex tasks, including the creation and implementation of complex procedures for identifying suspicious transactions with fiat money and cryptocurrencies.
AML Officer Responsibilities:
Detailed monitoring of all transactions, both cryptocurrency and fiat.
Creating policies and procedures to combat money laundering, taking into account the additional risks associated with fiat transactions.
Training staff and conducting regular audits to assess compliance with AML standards.
Advantages:
Full compliance with international standards, including FATF (Financial Action Task Force).
Increased security and protection from legal consequences associated with potential violation of regulations.
At lvl.3, advanced crypto wallet software is provided, which includes the ability to work with both cryptocurrencies and fiat currencies. This software supports more complex functionality, such as creating buy and sell orders, integration with various exchanges and platforms, and the ability to work with APIs for additional flexibility.
Software functions:
Support for multiple cryptocurrencies and fiat currencies.
Integration with external cryptocurrency exchanges for liquidity.
Ability to directly exchange cryptocurrencies and fiat currencies.
Payment gateways for transferring funds to bank accounts and cards.
Support for various security methods, including biometric authentication, two-factor authentication, and data encryption.
Advantages:
High degree of flexibility in conducting transactions with cryptocurrencies and fiat money.
A simple and convenient interface for users, which allows them to quickly make transactions and manage assets.
Opportunities to scale the platform by adding new features and cryptocurrencies.
Lvl.3 includes the most advanced security measures to protect user data and prevent leaks or hacks. This includes the use of attack protection technologies (e.g. DDoS protection), enhanced cryptographic data protection methods, and the addition of risk management features.
Security measures:
Multi-level protection against hacking (for example, protecting wallets using cold wallets and multi-factor authentication).
Using modern encryption technologies and secure algorithms to protect personal data and transactions.
Continuous monitoring for suspicious transactions and hacking.
Advantages:
Provides a high level of user trust in the platform, which is especially important for working with fiat money.
Protects against potential threats and financial losses due to hacker attacks or data leaks.
As with previous levels, lvl.3 introduces the ability to appoint a company director, but with additional responsibilities related to managing a more complex platform. The director will not only be responsible for legal registration and compliance, but also for managing a scalable infrastructure and team.
Duties of the Director:
Managing all aspects of the business, including cryptocurrency and fiat currency operations.
Interacting with regulators and external auditors to ensure transparency and compliance with legislation.
Managing a team of specialists, including technical specialists, AML officers and marketers.
Advantages:
Provides the high-level strategic direction needed to successfully scale a business.
Increases trust with regulators and users.
At lvl.3, your platform can integrate with major cryptocurrency exchanges and liquidity to provide users with more flexible conditions for exchanging assets.
Advantages:
Increased liquidity on the platform due to connection to the largest cryptocurrency markets.
Increase in transaction volume and attraction of new users.
Working with fiat currencies: Unlike lvl.1 and lvl.2, lvl.3 includes full support for fiat currencies, which allows for a significant expansion of the user base and increases the attractiveness of the platform.
Advanced exchange functions: The ability to not only exchange cryptocurrencies between themselves, but also between cryptocurrencies and fiat money, which makes the platform universal and suitable for a wide range of users.
High level of security: Modern data protection methods, as well as multi-level transaction protection, make the platform safe for users.
Infrastructure requirements: Fully supporting fiat currencies will require a complex and powerful technical infrastructure, which may increase startup costs.
Legal Restrictions: The platform must strictly comply with regulatory requirements, which requires constant interaction with legal specialists and auditors.
High startup costs: Since the lvl.3 package includes many features and integrations, its cost can be significantly higher than the previous tiers.
Powerful technical support: Working with fiat currencies and integrating with payment gateways requires a stable technical infrastructure.
Legal training: The platform must comply with a variety of fiat currency requirements, which requires significant legal preparation.
Registration and licensing: Obtaining licenses for working with fiat money and cryptocurrencies.
Integration with cryptocurrency exchangers and payment gateways: Connecting external services for working with fiat currencies and cryptocurrencies.
Software setup and testing: Installing and configuring advanced software that will support all functional capabilities.
Launch: Full launch of the platform with the ability to work with fiat currencies, exchange cryptocurrencies, and with a high degree of security.
For large crypto projects: lvl.3 is ideal for those companies that want to offer their users a full range of services and enter the international market.
