Crypto Hub

Crypto Hub from Synapse is a platform that allows you to open accounts that can hold and transmit cryptocurrencies for individuals or businesses with the ease of an API call.
The dynamic markets of cryptocurrencies need the support of a multi-bank infrastructure from Synapse.

With Crypto Hub, buying and selling multiple currencies is as easy as funding a digital account.

Use Case

Open Crypto Wallets to enable your customers to invest in Bitcoin and Ethereum.

Use Case

Open Crypto Wallets that can trade or transmit through the Bitcoin or Ethereum blockchain.

Benefits

Ideal On/Off Ramp

With Synapse, you get a modern Fiat Deposit Stack along with a Crypto wallet, enabling you to store Fiat and Crypto under one platform for instant transfers, among other banking capabilities.

Speed to Market

With Synapse, you get a modern Core and Risk platform all packed in easy-to-use APIs, enabling you to go to market in 6-8 weeks.

Feature Rich

Synapse provides a rich stack that enables you to provide a full stack of payment instruments (ACH, Checks, Wires, Bill Pay, Card Processing), an easy-to-use KYC Suite, Built-in multiple bank partnerships, and much more.

Easy to Use

Our public RESTful APIs and SDKs make it easy for you to deploy customized financial products in minutes, not weeks, or months.

White-Labeled

Use our APIs and SDKs to access all of the features and capabilities so your brand is highly differentiated.

Key Features of Crypto Hub

ACH

Process same day or next day ACH transactions in and out of accounts for funding or defunding wallets.

Learn More

Card Processing

Instantly top-up accounts for trading with any debit, prepaid or credit card and/or instantly cash out into any debit or prepaid card for faster cash access.

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Domestic Wires

Send same-day wires to any US based account.

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International Transfers

Send next-day transfers to non-US accounts to pay friends, family, or vendors.

AC/RT Issuance

Issue unique account numbers on top of the Fiat accounts to enable ACH and Wire transactions in and out of the accounts for a zero risk funding model.

External Funding

Fund crypto wallets not just with Fiat, but also with other exchanges like Coinbase, Kraken, etc. with our wallet address infrastructure.

Webhooks

Use our Webhooks infrastructure to stay up-to-date with any updates that happen to your user accounts.

Go live in 4-8 weeks

How it Works

Your Infrastructure
Integration Layer & Customer Digital Channels
Synapse Infrastructure
Core Banking
Payments Rails
Risk Infrastructure
Local Bank Infrastructure
Visa / Mastercard
Fed
ATMs / Cash Network
SWIFT

Creating a Crypto Hub is as simple as following these steps:

POST /v3.1/users HTTP/1.1
Host: https://uat-api.synapsefi.com
X-SP-GATEWAY: client_id_xxx|client_secret_xxx
X-SP-USER-IP: ip_address
X-SP-USER: |fp_xxx
Content-Type: application/json

{
 
 "documents":[{
       "email":"test@test.com",
       
       "virtual_docs":[{
           "document_type":"TIN",
           
       }],
       "physical_docs":[{
           "document_type": "GOVT_ID",
           
       }],
       "social_docs":[{
           "document_type": "MAILING_ADDRESS",
           
       }]
   }]
}

curl --location --request POST 'https://uat-api.synapsefi.com/v3.1/users' \
--header 'X-SP-GATEWAY: client_id_2bb1e412edd311e6bd04e285d6015267|client_secret_6zZVr8biuqGkyo9IxMO5jY2QlSp0nmD4EBAgKcJW' \
--header 'X-SP-USER-IP: 255.127.79.76' \
--header 'X-SP-USER: |e83cf6ddcf778e37bfe3d48fc78a6502062fc' \
--header 'Content-Type: application/json' \
--data-raw ' {
 "logins": [
   {
     "email": "test@synapsepay.com",
     "password":"TestTest123$"
   }
 ],
 "phone_numbers": [
   "901.111.1111"
 ],
 "legal_names": [
   "Test User"
 ],
 "documents":[{
       "email":"test@test.com",
       "phone_number":"901.111.1111",
       "ip":"::1",
       "name":"Test User",
       "alias":"Test",
       "entity_type":"M",
       "entity_scope":"Arts & Entertainment",
       "day":2,
       "month":5,
       "year":1989,
       "address_street":"1 Market St.",
       "address_city":"SF",
       "address_subdivision":"CA",
       "address_postal_code":"94105",
       "address_country_code":"US",
       "virtual_docs":[{
           "document_value":"2222",
           "document_type":"TIN",
           "meta":{
               "country_code":"US"
           }
       }],
       "physical_docs":[{
           "document_value": "data:image/gif;base64,SUQs==",
           "document_type": "GOVT_ID",
           "meta":{
               "country_code":"US",
               "state_code":"CA"
           }
       },
       {
           "document_value": "data:image/gif;base64,SUQs==",
           "document_type": "GOVT_ID_BACK",
           "meta":{
               "country_code":"US",
               "state_code":"CA"
           }
       }],
       "social_docs":[{
           "document_value": "101 2nd St. STE 1500 SF CA US 94105",
           "document_type": "MAILING_ADDRESS",
           "meta":{
               "address_street":"101 2nd St STE 1500",
               "address_city":"SF",
               "address_subdivision":"CA",
               "address_postal_code":"94105",
               "address_country_code":"US",
               "address_care_of":"Some User"
           }
       }]
   }],
 "extra": {
   "supp_id": "122eddfgbeafrfvbbb",
   "cip_tag":1,
   "is_business": false
 }
}'

POST /v3.1/users/user_id/nodes HTTP/1.1
Host: uat-api.synapsefi.com
X-SP-USER-IP: ip_address
X-SP-USER: oauth_xxx|fp_xxx
Content-Type: application/json

{

   "type": "CRYPTO-US",
   "info": {
       "nickname": "My Crypto Wallet",
       "document_id": "user_doc_id"
   }
}

POST /v3.1/users/user_id/nodes HTTP/1.1
Host: uat-api.synapsefi.com
X-SP-USER-IP: ip_address
X-SP-USER: oauth_xxx|fp_xxx
Content-Type: application/json

{

   "type": "CUSTODY-US",
   "info": {
       "nickname": "My Fiat Wallet",
       "document_id": "user_doc_id"
   }
}

After that, you can choose to fund the Crypto Wallet via other exchanges, or link ACH, Wire, Interchange, etc. account types to fund or defund wallets, or issue account numbers to enable customers to fund/defund their fiat wallets without taking on any origination risk.

Crypto Pricing & Commercial Terms

Competitive on total cost of ownership.

Comprehensive with built-in core banking, payment rails and risk/compliance infrastructure. Pricing represents all you need to launch fully featured crypto wallet, investment and payments products

Pricing is customizable to meet your needs.

Components may include:

Monthly subscription fee
This fee varies based on features enabled and overall business risk, in addition to the level of other fees in this list.
Per user fees, which decrease with scale
Share of rebates on deposits
Share of interchange revenue

To learn more, please contact Sales.

Contact Sales

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