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Deposits

Deposit transactions represent inbound, on‑chain transfers into a Conduit‑held account. When funds arrive at your account’s blockchain address, Conduit detects the transfer, attributes it to your account, and records a transaction of type deposit. Type: deposit

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When to use

  • Funding a Conduit account from self‑custody or an exchange.
  • Accepting customer payments in crypto.
  • Moving funds onto the platform before conversions or payouts.

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Key fields

  • Source: blockchain address, asset, network, amount.
  • Destination: Conduit account ID (acct_...), asset, network, amount.
You don’t create deposits via API. They are created automatically when Conduit detects an inbound on‑chain transfer to your account’s deposit address.

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How deposits work

  1. Retrieve deposit instructions for the destination account (address, memo/tag if required).
  2. Send the asset on the specified network to that address, including any required memo/tag.
  3. Conduit monitors the blockchain, attributes the transfer, and creates a deposit transaction.
  4. After required confirmations, funds are credited and the transaction completes.

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Transaction status flow

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Supported Asset Types

  • USDC (Ethereum, Base, Polygon, Solana).
  • USDT (Ethereum, Tron).
  • RLUSD (Ripple).

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Best practices

  • Send the correct asset on the correct network (no cross‑chain deposits).
  • Always include the required memo/tag when present (e.g., XRPL destination tag).
  • Test with a small amount for first‑time flows and new assets.
  • Monitor status via Webhooks (e.g., transaction.completed) and surface alerts for failures/delays.

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Troubleshooting

  • Missing or incorrect memo/tag: provide proof; credit may be delayed or require manual review.
  • Wrong network/asset: funds may be irrecoverable.
  • Under‑minimum or dust amounts: may not be credited automatically.
  • Slow confirmations/congestion: settlement may take longer than usual.

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What’s next?

  • Retrieve account deposit instructions: GET /accounts/{id}/deposit-instructions (see API Reference)
  • Set up webhook handling to receive deposit updates: see Configuring Webhooks

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Support

Reach out to our support team to get help and share your feedback.