The Payments section provides comprehensive tools for managing your cryptocurrency transactions, including receiving funds through deposits, converting between currencies, and sending transfers to external accounts.

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Payment Features

Devdraft’s payment system consists of three main components:

Deposits

Receive Funds
  • Bank wire transfers (USD/EUR)
  • ACH push deposits
  • External wallet transfers
  • QR code wallet deposits

Conversions

Currency Exchange
  • Convert between supported cryptocurrencies
  • Real-time exchange rates
  • Transparent fee structure
  • Instant processing

Transfers

Send Funds
  • Bank account transfers
  • Cryptocurrency wallet transfers
  • Beneficiary management
  • Transaction tracking

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Quick Setup

Get started with Devdraft payments:
1

Complete KYC Verification

Verify your account to unlock all payment features and higher transaction limits
2

Set Up Wallet Integration

Connect your cryptocurrency wallets for seamless deposits and transfers
3

Add Beneficiaries

Set up trusted recipients for bank accounts and cryptocurrency wallets
4

Start Transacting

Begin depositing, converting, and transferring funds through the dashboard

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Video Tutorial: Payment Management

Learn how to use Devdraft’s payment features:

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Supported Assets

Digital Assets:
  • USDC - USD Coin stablecoin
  • EURC - Euro Coin stablecoin
  • ETH - Ethereum native token
  • BTC - Bitcoin (via supported networks)
Supported Networks:
  • Ethereum Mainnet
  • Polygon
  • Arbitrum
  • Additional Layer 2 solutions

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Payment Flow

How Deposits Work:
  1. Choose Deposit Method
    • Bank transfer (wire/ACH)
    • External cryptocurrency wallet
    • QR code for mobile wallets
  2. Get Payment Instructions
    • Bank account details for fiat deposits
    • Wallet addresses for crypto deposits
    • QR codes for easy mobile transfers
  3. Initiate Transfer
    • Send funds from your bank or wallet
    • Include required reference information
    • Monitor transaction status
  4. Receive Confirmation
    • Funds appear in your Devdraft balance
    • Transaction recorded in payment history
    • Email and dashboard notifications
Exchange Process:
  1. Select Currencies
    • Choose source and destination assets
    • View available balances
    • Check conversion rates
  2. Enter Amount
    • Specify conversion amount
    • Review exchange rate and fees
    • See estimated received amount
  3. Execute Conversion
    • Confirm transaction details
    • Process conversion instantly
    • Update account balances
  4. Track Results
    • View conversion in transaction history
    • Monitor rate performance
    • Export for accounting
Transfer Process:
  1. Choose Recipient
    • Select from saved beneficiaries
    • Add new bank account or wallet
    • Verify recipient details
  2. Set Transfer Details
    • Enter transfer amount
    • Select source currency
    • Choose transfer speed
  3. Review and Send
    • Confirm all transaction details
    • Submit transfer request
    • Receive transaction ID
  4. Monitor Progress
    • Track transfer status
    • Receive completion notifications
    • Maintain transfer records

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Transaction Management

Real-Time Tracking

Monitor Your Transactions:
  • Live status updates
  • Transaction history filtering
  • Search by amount, date, or recipient
  • Export capabilities for accounting

Analytics Dashboard

Financial Insights:
  • Transaction volume trends
  • Currency distribution analysis
  • Fee optimization recommendations
  • Performance metrics

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Security Features

Protection Measures:
  • Multi-signature Security - Enhanced wallet protection
  • Real-time Monitoring - Fraud detection systems
  • Encrypted Communications - Secure data transmission
  • Audit Trails - Complete transaction logging
  • Access Controls - Role-based permissions
Regulatory Adherence:
  • KYC/AML Compliance - Identity verification requirements
  • Transaction Reporting - Regulatory compliance reporting
  • Data Protection - GDPR and privacy compliance
  • Licensing - Operating under proper financial licenses
  • Regular Audits - Third-party security assessments

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Best Practices

1

Organize Your Beneficiaries

Efficient Management:
  • Set up frequently used recipients
  • Verify all account details carefully
  • Use descriptive names for easy identification
  • Regular review and updates
2

Monitor Exchange Rates

Optimize Conversions:
  • Track rate trends over time
  • Time conversions for better rates
  • Consider market volatility
  • Set up rate alerts for large conversions
3

Maintain Transaction Records

Record Keeping:
  • Export transaction data regularly
  • Maintain records for tax purposes
  • Use reference fields for internal tracking
  • Archive historical data properly
4

Review Security Settings

Account Protection:
  • Enable two-factor authentication
  • Review access permissions regularly
  • Monitor for unusual activity
  • Keep contact information updated

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Integration Options

API Access

Developer Integration
  • RESTful API endpoints
  • Webhook notifications
  • Real-time status updates
  • Comprehensive documentation

Automated Workflows

Business Automation
  • Scheduled transfers
  • Automatic conversions
  • Threshold-based triggers
  • Custom business rules

Reporting Tools

Financial Management
  • CSV export functionality
  • Real-time dashboards
  • Custom report generation
  • Accounting system integration
All payment features require completed KYC verification. Some features may have different limits based on your verification level and transaction history.