Overview

Move USD on and off the Paxos Platform via wire transfer or CUBIX.

To move USD onto the platform, first use Create Fiat Deposit Instructions to retrieve the Paxos banking information and specify which Profile balance to credit. Then, use the returned banking information, found in fiat_network_instructions object, along with the memo_id, to transfer funds to Paxos.

To move USD off the Platform, first use Create Fiat Account to let Paxos know where to transfer the funds. Then, use the returned Fiat Account id with Create Fiat Withdrawal to transfer funds to the external account.

• Use Get Fiat Deposit Instructions to check the status of the instructions before initiating a deposit.
• Before initiating a withdrawal, use Get Fiat Account to ensure the account status is APPROVED.
• When transferring funds, use List Transfers and Get Profile Balance to check on the transfer status and Profile balance changes.

Fiat Deposits and Withdrawals

Paxos credits your USD wire deposit as soon as it is received by our bank. Domestic wire withdrawals are processed via the FedWire system and may take 1-3 business days to settle. International wire withdrawals may take 1-5 days to reach the beneficiary bank.

Paxos can accept wires from or send wires to a bank account, even if the bank account owner is not the same as the individual or institution onboarded with Paxos. This means Paxos allows wire transfers involving third-party bank accounts, subject to applicable compliance and regulatory checks.

CUBIX USD transfers are processed 24/7; however, longer processing time may occasionally be required. CUBIX deposits are not subject to any limits.

• Deposits with missing or incorrect information will be returned.
• USD wire transfers are not processed on weekends and on US banking holidays. CUBIX transfers are processed 24/7.