Transfers and withdrawals
Overview
Transfers and withdrawals offer you different options for moving assets on the Anchorage Digital platform. While both are supported for USD and digital assets, the key difference lies in the level of approval required for each operation.
Transfers
Transfers are used to move money without requiring quorum approval for each movement. This makes them ideal for recurring or high-frequency operations. To enable a transfer, you must complete some initial configurations, such as allowlisting a trusted destination and linking the appropriate API permissions. Transfers can be made to both internal and external addresses.
Withdrawals
Withdrawals are an option for moving money that always require quorum approval. This allows you to maintain granular control over transactions by applying specific quorum policies for each individual operation.
Transfer and Withdrawal APIs
Assets supported
| Internal transfer API | External transfer API | Withdrawal API | |
|---|---|---|---|
| Digital assets | Yes | Yes | Yes |
| USD | Yes | No | No |
Feature comparison
| Internal transfer | External transfer API | Withdrawal API | |
|---|---|---|---|
| Destinations | Wallets within Anchorage Digital | Trusted destinations only | Any external address |
| API permission group connection required | No | Yes | No |
| Deduct network fee from transfer amount ( deductFeeFromAmountIfSameType) | Yes | Yes | No |
| Quorum required (per request) | No | No | Yes |
| AML questionnaire required (Full AML) | No | No | Yes |
| AML questionnaire required (Reduced useTrustedDestinationAml) | No | Yes | Yes |
| Gas station supported | Yes | Yes | Yes |
| Asset memos supported ( assetParameters) | No | Yes | Yes |
Source and destination options
| Move asset | Source | Destination |
|---|---|---|
| Withdrawal | WALLET, VAULT(not recommended) | ADDRESS |
| Internal transfer | WALLET, VAULT(not recommended) | WALLET, VAULT(not recommended) |
| External transfer | WALLET, VAULT(not recommended) | ADDRESS |
Anchorage recommends using WALLET over VAULT as source and destination for transfers as it is more precise. When transferring to and from a VAULT, the logic will automatically select the first created WALLET in the VAULT for the token being transferred, even if that wallet has been archived. We recommend only using source and destination VAULT when a single wallet per token type is kept in the VAULT.
Updated 5 months ago