We want to design a website where users will be able to buy bitcoin (Crypto Currrency).
1)Visitor will need to make an account
2)Visitor will need to get kyc registered (know your customer) Know your customer ('KYC') is the process of a business identifying and verifying the identity of its clients. The term is also used to refer to the bank and anti-money laundering regulations which governs these activities.
3. All verification will be made manually by operations verifications will include Proof Of Identity & Proof of Address
1) After successful registration & verification a customer will be able to deposit money in companies bank acc.
2. The deposit should be made from customers own bank account or cash deposit made by the customer himself. No 3rd Party Payments
3. Customer will be allowed to deposit and buy bitcoins worth PkR 50,000 per day only. Limit will increase as per business performance.
4. Deposits made will be verified in 2-48 hours.
5. User will only be able to buy after verifications of deposit.
1. Users will be able to purchase bitcoins once deposits are verified
2. 50,000 per day limit for purchase.
3. Rate of Bitcoin will depend on market price, Source of Bitcoin Rate and conversion rate will be provided.
4. All transactions will be based on the price of bitcoin.
1. Once purchased customer will be able to withdraw btc
2. Withdrawal can take upto 24 hours to process
3. Withdrawal will be made to users given address.