Genius Wallet Changelly Swap Connectivity
Genius Yield understands the gap in the current market and aims to bridge that gap by connecting the traditional financial world with the decentralized financial world. At the center of this synergy will be the Genius Yield Wallet that allows crypto deposits and FIAT deposits. Like any other cryptocurrency wallet, the Genius Yield Wallet is enhanced with security and enables fast deposits and withdrawals. It is a non-custodial wallet which means that it will truly decentralize the ecosystem. Being non-custodial, the platform will have no control over the user's assets, but users have complete control over their assets.
Changelly is a non-custodial instant crypto exchange that does not hold its users' funds on exchanges or in cold storage. Founded in 2015 and headquartered in Malta, it offers several pair exchange rates and fast transactions. Therefore, many businesses have integrated instant crypto swap features through the Changelly API. Changelly uses an automatic trading robot that integrates with some of the largest trading platforms, including Poloniex, Binance, and Bittrex.
Changelly’s mission is to make the exchange process seamless for everyone who wants to invest in cryptocurrency.
At Genius Yield we want users to buy crypto with Fiat with credit or debit cards and swap it directly in the Genius Yield application.
Therefore, Genius Yield will integrate Changelly API.
In order to use the Changelly exchange to buy with a credit or debit card the first step the users must do is to open an account by providing a valid email address.
After an account has been created, the users need to select a fiat currency. Currently, Changelly accepts USD, GBP and EUR.
As part of Changelly's KYC procedure users must provide a scan of either their driver's license or passport. Additionally, a selfie may also be mandatory, although the required documents may differ depending on the user's domicile.
It's worth noting that a third party, not Changelly, actually clears all credit and debit purchases. The Changelly exchange merely connects the user with a reliable payment processor.
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