GAP600 for Bitcoin & Cryptocurrency Exchanges

April 04, 2017 - by Gap600 - in Use cases

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While all bitcoin-accepting businesses can benefit by offering the ability to pay customers instant BTC payments via accepting zero confirmed transactions from Gap600’s platform, via our API or web dashboard, bitcoin and cryptocurrency exchanges can improve one of the big bottlenecks, deposit times. Our Guaranteed Zero Confirmation Bitcoin Transactions service enables you to reduce or eliminate the risk of double spend as well as block inclusion delays, but also offer your customers a way to deposit and trade, so they can generate trading fees.

Due to the volume of transactions and the small margins per transaction for the exchange, it is of critical importance to have a risk mitigation strategy in place. Gap600 offers a zero confirmation transaction service that allows your customers to deposit bitcoin rapidly to take advantage of sharp changes in price, GAP600 does not require a KYC or AML verification. Gain competitive advantage by accepting transactions before they hit the blockchain, and we underwrite the value of all approved transactions including expired transactions, Double-spend or a range of types of fraud: GAP600 guarantees to reimburse any Bitcoin loss caused by any transaction it approved.

Do you really want your customers to wait hours or days in a congested blockchain for a first confirmation, and then a further hour’s confirmations before you can release their funds into their trading account? Save an average of 17 minutes, speed up and improve your depositing process, and have happier traders doing what they do best. Get in touch to find out how easy it is to integrate with our G6 Real-time Risk Engine and our well documented API, and get a free trial of our service.

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