Offramp

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Offramp

Convert crypto to fiat and withdraw to a bank account. Type: offramp

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How offramps work

1. Sell cryptocurrency from a wallet or account
2. Convert it into fiat currency
3. Withdraw funds to your designated bank account

This transaction type uses quotes to lock exchange rates and may require documentation for compliance.

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Key fields

• Source: wallet ID (wlt_...) or bank account ID (bank_...) — where crypto comes from
• Destination: bank account ID (bank_...) — where fiat goes to
• Quote: valid quote ID for the conversion rate
• Purpose: transaction purpose code (recommended)
• Documents: supporting documents for compliance/justification (if required)
• Reference (optional): your internal reference

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Transaction flow

1. Create a quote: get the crypto-to-fiat conversion rate
2. Create the offramp transaction: use your payment method IDs and the quote
3. Settlement: Conduit processes the conversion and sends fiat to your bank account

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Transaction status flow

Your transaction progresses through these stages:

• Initializing: transaction is being set up
• Created: transaction created and ready for settlement
• Processing settlement: converting and sending fiat to your bank account
• Completed: funds delivered to your bank account

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Best practices

• Ensure the destination bank account is verified
• Use valid quotes and act before expiration
• Keep records of settlement confirmations and documents
• Track transaction status via API or webhooks

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What’s next?

Now that you know what an offramp is and how it works, learn how to create one by following Creating an Offramp Transaction. For full request details, see the API Reference.

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Support

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