Automated Payouts Now Available for All BlockBee Users

BlockBee is excited to announce that our innovative Self-Custodial Wallets and Automated Payouts feature, previously tested with select customers, is now available to our entire user base. This advancement underscores our commitment to empowering users with complete control over their digital assets, coupled with the convenience of automated transactions.

We also update our Fee structure, Payouts will always pay half of your Deposit fees. Example: If your account fee is 0.50%, you will pay 0.25% Payout fees. Check our fees page for more information.

About the Feature

By integrating Threshold Signature Scheme (TSS) cryptography, we've managed to strike a balance between ensuring high security and maintaining our principle of non-custodial control over customer funds. This allows for automated payouts across various blockchains, all while keeping user autonomy at the forefront.

Highlights:

• User Autonomy: Ensures users have full control over their funds with no compromise on security.
• Automated Payouts: Simplifies the payout process through an API call, enhancing user experience.
• Security: Features like the recovery key offer a safeguard against the loss of access, ensuring funds remain secure.

Getting Started

Users can activate this feature by upgrading to API Key v2 in their API key settings, which is necessary for accessing the new functionalities.

We're eager for all our customers to explore the benefits of this feature, designed to simplify and secure your cryptocurrency transactions.

Warm regards,

The BlockBee Team