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Off-ramping lets you convert crypto held in your Obiex wallet into local fiat currency and send it directly to a bank account. This is useful for businesses that collect crypto payments and need to settle in local currency, or platforms that offer crypto-to-cash withdrawals for their users.

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How it works

1

Check your wallet balance

Use the wallet balance endpoint to confirm you have sufficient funds before initiating a withdrawal.
2

Swap to a fiat-pegged currency (optional)

If your wallet holds a volatile asset like BTC, you can use the RFQ trading system to swap it to a stable currency like USDT before withdrawing.
3

Initiate a fiat withdrawal

Make a request to the fiat withdrawal endpoint with the destination bank account details and amount. Obiex handles the conversion and bank transfer.
4

Track the withdrawal

Monitor the withdrawal status via the transactions endpoint or listen for webhook events. Once the withdrawal reaches SUCCESSFUL, the funds have been sent to the bank account.

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Key endpoints

MethodEndpointDescription
GET/wallets/{currencyCode}Check wallet balance before withdrawing
GET/ngn-payments/banksList supported Nigerian banks and their codes
GET/ngn-payments/accounts/resolveVerify a bank account before sending
POST/wallets/ext/debit/fiatInitiate a fiat withdrawal to a bank account
GET/transactions/{transactionId}Check withdrawal status