Multisig bitcoin vault maker Theya announced yesterday that US users will be able to buy bitcoin through its app and have it sent directly to their own wallets via hardware wallets like Ledger, Trezor, Foundation and ColdCard or via its multisig vaults.

🚀 BUY BITCOIN LAUNCH 🔥

We’re launching a highly requested, groundbreaking feature that allows users in the US to purchase Bitcoin directly from self-held vaults.

Say hello to low fees and goodbye to complicated transfers via exchanges! photo.twitter.com/aWB9vwDErZ

— Theya Inc (@TheyaBitcoin) August 20, 2024

This unique feature not only ensures instant deposits and low fees, but it also eliminates the hassle of moving bitcoins from an exchange to your own storage location.

“We are excited to introduce this highly requested feature,” Sriram Bhargav Karnati, co-founder of Theya, said in a press release shared with Bitcoin Magazine. “By enabling instant Bitcoin purchases in self-custodial storage, we eliminate the need for complex exchange transfers and offer our users unparalleled flexibility in how they acquire and store their Bitcoin.”

Other key benefits of this new feature include a quick identity verification process, allowing for fast and secure bitcoin purchases, and the removal of address whitelisting (getting permission from an exchange to send your bitcoins to a specific address).

The new feature currently uses the ACH payment system for bitcoin purchases, and Theya plans to introduce a wire transfer option for larger purchases.

To enable ACH transfers, Theya has partnered with Cybrid, a regulated payment platform registered as a Money Service Business (MSB) in the US. Cybrid manages the Know Your Customer (KYC) process, so Theya does not have to collect, store or process its customers’ personal information.

“It’s a significant step forward in making Bitcoin acquisition both accessible and secure,” Karnati added. “We believe in empowering users with choices in how they manage their Bitcoin, and we’re committed to developing tools that make self-custody simple, powerful, and easy to use.”

For more information about Theya and Karnati, see our Founder’s Piece about the company and its co-founder.