Withdrawals - InventPay

Overview

Withdrawals allow you to transfer cryptocurrency from your InventPay account to any external wallet address. Understanding the withdrawal process helps you manage your funds efficiently and plan for fees and timing.

What is a Withdrawal?

A withdrawal is a transfer of cryptocurrency from your InventPay available balance to an external wallet address that you control.

Fast Processing

Most withdrawals processed within minutes

Any Wallet

Send to any valid wallet address

Automatic Fees

Fees calculated automatically

Real-time Status

Track withdrawal status in real-time

Withdrawal Lifecycle

Withdrawal States

PENDING

Initial State: Withdrawal request created

Request validated
Balance and limits checked
Awaiting system processing

Duration: Usually less than 1 minute

PROCESSING

Active State: Transaction submitted to blockchain - Transaction broadcasted - Awaiting network confirmations - Transaction hash available Duration: Varies by network (see table below)

COMPLETED

Final State: Withdrawal successfully confirmed - Required confirmations reached - Funds delivered to destination - Transaction complete Duration: N/A (final state)

FAILED

Final State: Withdrawal failed

Error during processing
Funds automatically returned to balance
Can create new withdrawal

Duration: N/A (final state)

Creating a Withdrawal

Using the API

const withdrawal = await sdk.createWithdrawal({
  amount: 100,
  currency: "USDT_BEP20",
  destinationAddress: "0x1E3D6848dE165e64052f0F2A3dA8823A27CAc22D",
  description: "Monthly payout",
});

console.log("Withdrawal ID:", withdrawal.data.withdrawalId);
console.log("Status:", withdrawal.data.status);
console.log("Net Amount:", withdrawal.data.metadata.netAmount);

Create Withdrawal API

View complete API documentation

Withdrawal Requirements

Minimum Amounts

Each cryptocurrency has a minimum withdrawal amount:

Currency	Minimum Withdrawal	Reason
BTC	0.001 BTC (~$40)	Network fee efficiency
ETH	0.01 ETH (~$20)	Gas fee efficiency
LTC	0.1 LTC (~$7)	Network fee efficiency
USDT_ERC20	10 USDT	Gas fee efficiency
USDT_BEP20	10 USDT	Processing efficiency

Attempting to withdraw less than the minimum will result in an error. Network fees would consume too large a percentage of small withdrawals.

Withdrawal Limits

Daily Limits:

BTC: 10 BTC
ETH: 50 ETH
LTC: 500 LTC
USDT: 10,000 USDT

Monthly Limits:

BTC: 100 BTC
ETH: 500 ETH
LTC: 5,000 LTC
USDT: 100,000 USDT

Limits reset automatically. Daily limits reset every 24 hours, monthly limits reset on the 1st of each month.

Balance Requirements

You must have sufficient available balance to cover:

Withdrawal amount
Network fee
Service fee (0.5%)

Example Calculation:

Withdrawal Request: 100 USDT
Service Fee (0.5%): 0.50 USDT
Network Fee: 0.10 USDT (estimated)
Required Balance: 100.60 USDT

Withdrawal Fees

Fee Structure

All withdrawals include two types of fees:

Service Fee

Rate: 0.5% of withdrawal amountPurpose: Platform maintenance and supportExample: 0.50 USDT on 100 USDT withdrawal

Network Fee

Rate: Variable (depends on blockchain)Purpose: Blockchain transaction costExample: 0.10 USDT for BEP-20 transactions

Fee Examples by Currency

Currency	Service Fee	Typical Network Fee	Total Fee (on 100 units)
BTC	0.5%	~0.0001 BTC	~0.0006 BTC
ETH	0.5%	~0.001 ETH	~0.006 ETH
LTC	0.5%	~0.001 LTC	~0.006 LTC
USDT_ERC20	0.5%	~$2-10	~$2.50-10.50
USDT_BEP20	0.5%	~$0.10-0.50	~$0.60-1.00

Network fees vary based on blockchain congestion. Fees shown are estimates and may be higher during peak times.

Fee Calculation Response

When you create a withdrawal, you’ll receive a detailed fee breakdown:

{
  "amount": "100",
  "feeAmount": "0.60",
  "metadata": {
    "netAmount": 100.0,
    "serviceFee": 0.5,
    "networkFee": 0.1
  }
}

Processing Times

Withdrawal processing times vary by cryptocurrency:

Cryptocurrency	Processing Time	Confirmations Required
Bitcoin (BTC)	30-60 minutes	3 blocks
Ethereum (ETH)	10-30 minutes	12 blocks
Litecoin (LTC)	10-30 minutes	6 blocks
USDT (ERC-20)	10-30 minutes	12 blocks
USDT (BEP-20)	5-15 minutes	15 blocks

USDT_BEP20 is fastest: If speed is important, consider using USDT on Binance Smart Chain for significantly faster withdrawals.

Factors Affecting Speed

Network Congestion

High transaction volume can slow processing

Gas Prices

Higher gas prices can expedite Ethereum transactions

Time of Day

Some networks are busier during certain hours

Amount Size

Large amounts may receive priority processing

Address Validation

InventPay validates all destination addresses before processing:

Validation Checks

Format Validation

Ensures address matches cryptocurrency format

Checksum Verification

Verifies address checksum (for supported networks)

Network Matching

Confirms address is valid for selected network

Blacklist Check

Screens against known malicious addresses

Address Format Examples

bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh

Always double-check addresses! Cryptocurrency transactions are irreversible. Sending to the wrong address means permanent loss of funds.

Tracking Withdrawals

Check Withdrawal Status

const withdrawal = await sdk.getWithdrawal("withdrawal-id");

console.log("Status:", withdrawal.data.status);
console.log("TX Hash:", withdrawal.data.transactionHash);

if (withdrawal.data.status === "COMPLETED") {
  console.log("Completed at:", withdrawal.data.completedAt);
}

Blockchain Explorer

Once processing, you can track your withdrawal on blockchain explorers:

Network	Explorer URL
Bitcoin	`https://blockchair.com/bitcoin/transaction/{hash}`
Ethereum	`https://etherscan.io/tx/{hash}`
BSC	`https://bscscan.com/tx/{hash}`
Litecoin	`https://blockchair.com/litecoin/transaction/{hash}`

Get Withdrawal API

View API documentation for checking withdrawal status

Failed Withdrawals

Common Failure Reasons

Insufficient Network Funds

Cause: Not enough funds to cover network fees Solution: System automatically retries with adjusted fees

Invalid Address

Cause: Destination address format invalid Solution: Verify address and create new withdrawal

Network Issues

Cause: Blockchain network experiencing problems Solution: System automatically retries; wait or create new withdrawal

Rate Limit

Cause: Too many withdrawal attempts Solution: Wait 5 minutes and try again

When a Withdrawal Fails

Automatic Refund: Funds returned to your available balance
Notification: Webhook sent (if configured)
Failure Reason: Check failureReason field
Retry: Create new withdrawal once issue is resolved

If a withdrawal fails, your balance is immediately credited back. There’s no waiting period or manual refund process.

Security Measures

InventPay employs multiple security layers for withdrawals:

Address Whitelisting

Optional whitelist of approved addresses

Two-Factor Auth

Optional 2FA requirement for withdrawals

Rate Limiting

Automatic limits prevent abuse

Anomaly Detection

AI-powered fraud detection

Enable Enhanced Security

Enable 2FA

Require two-factor authentication for withdrawals

Set Up Whitelist

Pre-approve destination addresses

Configure Notifications

Get alerts for all withdrawal activity

Set Thresholds

Require manual approval for large withdrawals

Best Practices

Verify Addresses

Always double-check destination addresses before withdrawing

Test Small Amounts First

Send a small test transaction to new addresses

Consider Network Fees

Choose networks with lower fees for smaller withdrawals

Monitor Limits

Track daily/monthly limits before large withdrawals

Use USDT_BEP20

Fastest and cheapest option for USDT withdrawals

Regular Withdrawals

Don’t let large balances accumulate; withdraw regularly

Withdrawal Scheduling

For businesses with regular payout needs:

Automated Withdrawals

Schedule recurring withdrawals
Set up automatic payouts on specific dates
Configure minimum balance triggers
Multiple beneficiary addresses

Contact Sales

Enterprise features available for high-volume merchants

Tax and Compliance

Record Keeping

InventPay provides withdrawal records for tax purposes:

Transaction history export (CSV, PDF)
Detailed fee breakdowns
Timestamp and amount records
Blockchain transaction IDs

Reporting

Access Dashboard

Navigate to Withdrawals

View complete withdrawal history

Export Data

Download records in your preferred format

Share with Accountant

Provide records to tax professional

Troubleshooting

Withdrawal Stuck in PENDING

Normal Duration: Up to 5 minutes If Longer: Check system status or contact support

Lower Amount Received

Cause: Network and service fees deducted Solution: Review fee breakdown in withdrawal details

Cannot Withdraw Full Balance

Cause: Must reserve amount for fees Solution: Reduce withdrawal amount by ~1%

Address Rejected

Cause: Invalid format or wrong network Solution: Verify address matches currency network

Next Steps

Create Withdrawal

Start withdrawing your funds via API

Check Status

Learn to track withdrawal status

View Balance

Check your available balance

Dashboard

Manage withdrawals in dashboard

Getting Started

Core Concepts

Webhooks

​Overview

​What is a Withdrawal?

Fast Processing

Any Wallet

Automatic Fees

Real-time Status

​Withdrawal Lifecycle

​Withdrawal States

​Creating a Withdrawal

​Using the API

Create Withdrawal API

​Withdrawal Requirements

​Minimum Amounts

​Withdrawal Limits

​Balance Requirements

​Withdrawal Fees

​Fee Structure

Service Fee

Network Fee

​Fee Examples by Currency

​Fee Calculation Response

​Processing Times

​Factors Affecting Speed

​Address Validation

​Validation Checks

​Address Format Examples

​Tracking Withdrawals

​Check Withdrawal Status

​Blockchain Explorer

Get Withdrawal API

​Failed Withdrawals

​Common Failure Reasons

​When a Withdrawal Fails

​Security Measures

Address Whitelisting

Two-Factor Auth

Rate Limiting

Anomaly Detection

​Enable Enhanced Security

​Best Practices

​Withdrawal Scheduling

​Automated Withdrawals

Contact Sales

​Tax and Compliance

​Record Keeping

​Reporting

​Troubleshooting

​Next Steps

Create Withdrawal

Check Status

View Balance

Dashboard

Overview

What is a Withdrawal?

Withdrawal Lifecycle

Withdrawal States

Creating a Withdrawal

Using the API

Withdrawal Requirements

Minimum Amounts

Withdrawal Limits

Balance Requirements

Withdrawal Fees

Fee Structure

Fee Examples by Currency

Fee Calculation Response

Processing Times

Factors Affecting Speed

Address Validation

Validation Checks

Address Format Examples

Tracking Withdrawals

Check Withdrawal Status

Blockchain Explorer

Failed Withdrawals

Common Failure Reasons

When a Withdrawal Fails

Security Measures

Enable Enhanced Security

Best Practices

Withdrawal Scheduling

Automated Withdrawals

Tax and Compliance

Record Keeping

Reporting

Troubleshooting

Next Steps