Features

Wish to enable Off ramping for your account?

Apply Here

What is On Ramp?

An On-Ramp is a service or process that allows users to purchase cryptocurrency using traditional fiat currency. This is typically done through a cryptocurrency exchange or a payment service that accepts fiat currency (e.g., credit/debit card, bank transfer) in exchange for digital assets like Bitcoin, Ethereum, etc.

What is Off Ramp?

An Off-Ramp is the opposite process, where users convert cryptocurrency back into fiat currency. This is essential for cashing out your digital assets into a traditional bank account or other fiat-based financial systems.

Which countries are supported by inabit?

inabit proudly extends its support to diverse regions worldwide, spanning over 150 countries across 5 continents. Our commitment to global accessibility ensures that users from virtually anywhere can benefit from our platform's services. Whether you're in North America, Europe, Asia, Africa, or Oceania, we've got you covered. 

To see the complete list of supported countries, click here.

Which currencies are supported by inabit?

We are proud to support a wide range of currencies, including all major ones such as USD, EUR, INR, JPY and many more. In fact, we support 45 different currencies, ensuring that our platform is accessible and convenient for users around the world.  

To view the full list of supported currencies, click here.

Which Tokens are accepted by inabit?

Inabit supports USDT on the Ethereum, TRON, and Polygon networks, as well as USDC on the Ethereum network.

Discover what Disaster Recovery means in cryptocurrency and how it works in inabit.

What is Disaster Recovery?

In crypto, Disaster Recovery (DR) involves plans and procedures to restore and access digital assets after major disruptions (disasters) like cyberattacks or hardware failures. It includes backup systems, security measures, geographic redundancy, testing, communication plans, and regulatory compliance to ensure the safety and availability of assets in emergencies.

inabit - being a self-custody wallet solution, offers the option to recover digital assets from its wallets.

Disaster Recovery in inabit

inabit offers an organization-based disaster recovery (DR).

In order to fully execute a truely self-custody recovery solution and ensuring the safety of the sensitive files (such as the encrypted wallet.dat file - the file in which all of the mnemonic seed phrases are held encrypted), inabit chose to partner with Vaultinum.

About Vaultinum
Vaultinum is a trusted independent third party specialized in the protection and audit of digital assets.

Since 1976, they have enabled thousands of digital creators, digital businesses and tech investors secure their innovations by providing solutions to:

Protect their Intellectual Property with IP Deposit and IP Audit.

Ensure the continuity of their business activity with Software Escrow.

Mitigate cyber and software risks through in-depth Technology Due Diligence (KYS-Know Your Software).

Create an unforgeable proof of date and time of event with our Certified Time-stamping solution.

With secure servers based in Europe, ISO 27001 certification, and a unique double expertise in IT and legal, their clients benefit from the highest levels of security and protection for all their sensitive assets.

Overview

Creating strong policy rules is a vital step in maintaining control over your transaction outflows. Owner and admin can set the policies rules, such as whitelisting addresses to prevent unauthorized transactions and setting spending limits for both the entire wallet and individual transactions.

Only approvers are allowed to edit/change a wallet's policy. (both tiers & settings)

Who's an Approver?

An approver is a platform user with signing permissions that successfully paired their device. Applicable approver roles: (signer, admin, owner)

Wallet Policy Settings

Our governance layer which we call "Transaction Policy", is defined per wallet, meaning each wallet can have its own custom policy settings.

The organization owner and his admins are the ones allowed to edit/change a wallet's policy settings.

Do note that every change in a wallet's policy setting will require the owner's approval via the mobile application.

You can view the list of wallets and their policies in the Policy tab.

Clicking on a wallet from the list will open the tiers tab first by default, you can then switch to the "Wallet Settings" tab.

Currently, there are two settings that can be changed within a wallet's policy:

• Allowance to send funds exclusively to saved addresses that the user defines.
• Allowance to perform off-ramp transfers from the wallet.

Set Whitelisted Addresses

This policy setting is selected by default and allows you to send a wallet's funds to specific addresses that are saved (whitelisted) within the dedicated whitelist addresses list.

You can add/remove saved addresses directly through the wallet policy settings interface, as well as decide if you'd like to disable this setting (by toggling off the button).

Allow Off Ramp Transfers

This policy setting is also selected by default and defines wether the wallet's funds can be used for off ramp transfers or not.

Reminder - Each change made on the wallet settings / policy tiers will require the account's owner mobile approval.

Wallet Policy Tiers

Wallet policy tiers are essentially an advanced policy setting that can be enabled on a wallet to apply an additional layer of security to govern your wallets assets.

There are three fields you can set according to your liking in a policy tier:

1. Transaction amount range.
2. Dedicated transaction approvers.
3. Minimum amount of approvals. (Taken from the dedicated transaction approvers)

Note that changing a wallet's policy tiers can only be done by a signer or above. (applicable approver - Signer/Admin/Owner).

In addition, any change on the policy will require the account's owner mobile approval.

Default Policy Tier

The default policy tier is essentially the default transaction policy set upon creation of an inabit wallet. There's a difference between the default policy tier of a standard inabit wallet and an API wallet.

Here's a table explaining the differences:

Do note that the policy default tier cannot be removed, but can be changed. You can still decide on the approvers and the minimum required approvals of a policy rule.

Removing Policy Tiers
You can dispose of a previous tier by clicking on the trash icon on the right hand side of the tier.

Approve Policy Changes

Once a change request has been made, the wallet's policy status will be changed to Pending.
Afterwards the account owner will receive a mobile request.

Anyone can still view the policy settings and tiers of a wallet's policy that's pending approval by visiting the policy page and clicking on the wallet for its policy details.

You will notice that when a wallet's in Pending status, you will be able to review the changes that are waiting for an approval, as well as what's the current rule settings that are set, by switching through the toggle shown above.

The owner of the account can also view the changes and the current state of the wallet policy settings before approving on his/her mobile device:

If the owner rejected the changes, they will have the option to undo the rejection for a duration of 3 seconds after the rejection was made, on their mobile screen.

When a rejection was set, the rule changes back to Live status and the old settings of the wallet are still applicable. When approved -> the new changes take place.

If you have any further questions regarding the wallet's policy (governance) feature, don't hesitate to contact us at: support@inabit.com.