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Withdrawals allow you to offramp stablecoins from your treasury wallet directly to your bank account. This is the reverse of the funding process.

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Via the Console

Authorized users can initiate withdrawals directly from the Crossmint Console:
  1. Navigate to crossmint.com/console
  2. Go to Wallets > Company Wallets
  3. Click the Withdraw button on your treasury wallet
  4. Follow the on-screen instructions to complete the withdrawal
To enroll additional authorized users for withdrawals, contact your Crossmint CSE.

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Via API

  1. Contact Crossmint’s Customer Success Engineering (CSE) team to obtain the bankAccountId for your registered bank account.
  2. Initiate a stablecoin transfer from your treasury wallet to a bank account using the Create Order API.
curl --request POST \
  --url 'https://www.crossmint.com/api/2022-06-09/orders' \
  --header 'Content-Type: application/json' \
  --header 'x-api-key: <your-server-side-api-key>' \
  --data '{
    "payment": {
      "method": "base",
      "currency": "usdc",
      "payerAddress": "<your-treasury-wallet-address>"
    },
    "recipient": {
      "bankAccountId": "<bank-account-id-from-cse>"
    },
    "lineItems": [
      {
        "currencyLocator": "fiat:usd",
        "executionParameters": {
          "mode": "exact-in",
          "amount": "100"
        }
      }
    ]
  }'
Once the offramp is initiated:
  • The specified amount of USDC is debited from your treasury wallet
  • Crossmint converts the USDC to fiat currency
  • The fiat amount (minus fees) is transferred to your registered bank account
  • You can monitor the transaction status by polling the order’s status, or via the Crossmint console
Settlement times may vary depending on your bank and region.

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Monitor Withdrawal Status

You can track the status of your withdrawal by polling the order status endpoint to check progress: 
API_KEY="<your-server-side-api-key>"
ORDER_ID="<order-id>"

curl --request GET \
  --url "https://www.crossmint.com/api/2022-06-09/orders/${ORDER_ID}" \
  --header "Content-Type: application/json" \
  --header "x-api-key: ${API_KEY}"

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Troubleshooting

If you encounter issues with a withdrawal (incorrect amount, failed transfer, etc.), contact our support team for assistance.