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Payments & Banking Technical Explainer

What is a withdrawal address?

A withdrawal address is the network destination selected when a provider sends cryptocurrency out. It identifies the next blockchain endpoint, not necessarily the customer's own wallet or final beneficiary.

Instruction and execution create separate records

The provider may record when the address was added, the requesting account, endpoint, session, authentication, risk checks and support contacts. It may batch several customer withdrawals into one transaction from a pooled provider address.

Attribute the destination independently

Preserve address, asset, network, amount, hash, withdrawal and account IDs, times, labels, tags and whitelist history. Compare recent address creation and security changes with access and communications.

Report customer instruction, provider execution, on-chain destination and destination controller separately.

The point to remember

Trace a withdrawal through provider and network records, then prove who controlled the destination through independent evidence.

Reference: PAY-172Payments & Banking