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Withdrawals

Withdrawals move stablecoins out of a Conduit-held account to an external blockchain wallet. Use this when sending crypto to third parties, self-custody, or exchanges, without converting to fiat. Type: withdrawal

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When to use

  • Paying a vendor or contractor in stablecoins.
  • Moving funds to your own self-custody wallet.
  • Funding an exchange or liquidity venue.

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Key fields

  • Source: your Conduit account ID (acct_...).
  • Destination: the destination wallet ID (wlt_...).
  • Purpose (optional): transaction purpose code.
  • Documents (optional): supporting docs for compliance.
  • Reference (optional): your internal reference.

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How withdrawals work

  1. Create a transaction with type withdrawal .
  2. Conduit processes the withdrawal on-chain.
  3. Settlement completes when the blockchain transaction is confirmed.

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Transaction status flow

Your transaction progresses through these stages:
  • Initializing: transaction is being created and validated.
  • Created: transaction is accepted.
  • Processing withdrawal: on-chain submission is in progress.
  • Withdrawal processed: on-chain transaction has been submitted.
  • Processing settlement: confirmations are being processed and the credit is finalized.
  • Completed: funds have been delivered to the destination wallet.

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Understanding true sender and true recipient

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Why this matters

Compliance requires visibility into the actual parties involved in each transaction, not just intermediaries. Misidentification can result in:
  • Payment delays or rejections
  • Compliance review failures
  • Risk of limited access or account offboarding

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True sender definition

The true sender is the business that provides the funds for a transaction. If you’re acting on behalf of a customer:
  • The customer is the true sender — not your business, even if funds move through your accounts
  • Example: Acme Corp pays a vendor via your platform → Acme Corp is the true sender
If the funds come from your own business account:
  • Your company is the true sender
  • Example: You pay a vendor directly → Your company is the true sender

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True recipient definition

The true recipient is the person or business that ultimately receives and benefits from the funds. If you’re paying on behalf of a customer:
  • The final beneficiary is the true recipient — not your business
  • Example: Acme Corp pays a contractor via your platform → The contractor is the true recipient
If the payment is for your own operations:
  • The vendor or account receiving funds is the true recipient
  • Example: You pay your supplier → The supplier is the true recipient
These may not always appear as explicit API fields but remain critical for compliance.

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Best practices

  • Validate destination address format and network support.
  • Start with a small test amount for new destinations.
  • Ensure the asset and network match the destination wallet capability.
  • Monitor status via Webhooks; alert on failures or long confirmations.

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What’s next?

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

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Support

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