Connecting Centralized Exchanges
Why? Transferring fiat to crypto requires a user to complete KYC & ID verification- which means the tedious process of taking & uploading pictures of ID documents, entering personal details, and verifying phone & email. By connecting your centralized exchange account, users can skip this process entirely, and it only takes about 1 minute and a few clicks. Centralized exchanges also offer lower fees & much higher limits on fiat to crypto transfers than other on-ramps to crypto.
There are also certain crypto transactions where using a centralized exchange may be cheaper than a DeFi transaction. InstaFi smart router identifies these routes so your users can save on fees. How? Step 1: Generate API Key in exchange account Step 2: Copy & paste API Key, API Secret, and passphrase to InstaFI onboarding flow
Security 1click only uses encrypted API calls to send instructions to exchange accounts. API keys are stored in KMS (key management system) - the same security standard used by companies like Amazon and Coinbase to manage private keys.
API Key Instructions for Integrated Exchanges Coinbase Pro: https://help.coinbase.com/en/pro/other-topics/api/how-do-i-create-an-api-key-for-coinbase-pro
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