Withdrawing Funds

Overview

The withdrawal process is divided into the following steps: Create a Counterparty: Refer to Counterparty to create a counterparty representing the recipient of the funds.

Submit Withdrawal Request: Use the created counterparty to submit a withdrawal request, including accountAssetId, amount, and additional details.

Submit Withdrawal Request

With the counterparty created, the next step is to submit a withdrawal request using the Counterparty's Id, accountAssetId, the amount to be withdrawn, and any relevant details.

Every withdrawal request on completion, be it successful or failed, will be recorded in the system, to retrieve the transaction registered in the system, refer to Transaction.

Each transaction is subjected to the platform's fees. The total amount for withdrawal would be the sum of the amount to be withdrawn and the platform fees.
i.e totalAmount = amount + platformFees

Endpoint:

• To create a withdrawal, use the POST /v1/withdrawal API.