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How to Withdraw Funds from Devdraft Accounts

Withdraw funds to banks or wallets with real-time conversion and full transparency.

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Written by Salifyanji J Namwila
Updated over 2 months ago

Introduction

Withdrawing funds from Devdraft is seamless and flexible. Whether you’re moving money to a traditional bank account, blockchain wallet, or mobile money service, the Devdraft cash-out system is designed to handle global payouts securely, efficiently, and at scale.


Overview of the Cash-Out System

To access the withdrawal system:

  • Go to the Cash-Out tab in your left sidebar

  • Here, you’ll see your Withdrawal Dashboard with current balances and transaction history

Devdraft allows you to withdraw USDC and EURC from your connected blockchain wallets to:

  • External bank accounts

  • External blockchain wallets

  • Mobile money providers (in supported regions)

Currency conversion is handled automatically, so you always receive the correct amount in your preferred format.


Withdrawing to External Bank Accounts

To initiate a bank withdrawal:

  1. Click New Cash Out

  2. Enter the amount and select the source currency (USDC or EURC)

  3. Choose your source wallet from your connected blockchain accounts

  4. Under destination, select Bank Accounts

Supported Methods

  • USD Withdrawals

    • ACH Transfers (2–3 business days, domestic US)

    • Wire Transfers (Same-day, faster processing)

  • EUR Withdrawals

    • SEPA Transfers (for all IBAN-enabled European banks)

Before confirming, you'll see:

  • Real-time currency conversion rates

  • Final payout amount after fees

  • Estimated processing time


Adding and Managing Bank Accounts

To add a new withdrawal destination:

  1. Go to the Banking Settings or Cash-Out page

  2. Click Add Bank Account

  3. Provide:

    • Account number

    • Routing number / IBAN / BIC

    • Bank name and address

    • Beneficiary details

Each account is verified for compliance and security.

You can:

  • Add multiple accounts per currency

  • Set default destinations

  • View audit trails of all linked accounts

  • Monitor all transactions from the Transactions tab


Blockchain Wallet Withdrawals

Prefer to stay within the crypto ecosystem? Devdraft makes it easy:

  1. Select Blockchain Wallet as your destination

  2. Choose your blockchain network (Ethereum, Solana, Polygon, Base, etc.)

  3. Paste your external wallet address

  4. Add optional memos for traceability

Supported assets include:

  • USDC on Ethereum, Solana, Polygon, Base, and Stellar

  • EURC on Solana and Stellar

This is ideal for:

  • Paying contractors

  • Settling DeFi transactions

  • Moving funds across chains or apps

Gas fee estimates and transaction confirmations are provided before execution.


Mobile Money Withdrawals (for Supported Regions)

For supported regions like Zambia, Devdraft allows withdrawals to:

  • MTN Mobile Money

  • Airtel Money

Simply select Mobile Money as your destination and enter the phone number. Funds arrive in 5–10 minutes, enabling instant local liquidity from stablecoin balances.


Real-Time Conversion and Tracking

Every withdrawal includes:

  • Live conversion rates

  • Transparent fee breakdowns

  • Email and dashboard status notifications

Failed withdrawals are clearly flagged, with reasons and retry options available. You always know where your money is — and what’s happening next.


Security and Compliance

Withdrawals are protected by:

  • Multi-factor authentication (MFA)

  • Fraud detection systems

  • Verified account linking

  • Audit trails for regulatory reporting

Large or high-risk transactions trigger additional security reviews for extra protection.


Transaction Monitoring and Analytics

From the Withdrawals Dashboard, you can:

  • Filter transactions by:

    • Date range

    • Currency

    • Destination type

    • Status

  • Export data for accounting or compliance

  • View metrics like:

    • Processing speed

    • Success rate

    • Fees and conversions


Summary

Whether you're withdrawing to a local bank, an international SEPA account, a DeFi wallet, or mobile money — Devdraft gives you full control and transparency every step of the way.

Move your money where you need it — securely, instantly, and on your terms.

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