Off-Ramp

Deposit crypto funds to your Augustus wallet and off-ramp to fiat to fund your fiat operations

Off-ramp lets you convert stablecoin holdings into fiat and pay them out to a bank account.

Supported Currencies & Chains

• Stablecoins: USDC (Ethereum, Solana, Polygon)
• Fiat: EUR, GBP, USD

Minimum amount applies for on-ramps / off-ramps: minimum = 10 units of source currency.

How It Works

Account IDs can be found in the Augustus Dashboard under Accounts → Details.

1. Deposit USDC to your Augustus wallet

   Find your Stablecoin Wallet’s chain and address in the Dashboard under Accounts → select crypto account → Linked wallets. Send USDC to that address.

   Send USDC only from your whitelisted external wallet (configured in Accounts → Linked wallet).

2. Verify your stablecoin balance

   2023-01-01 (Ivy)

   import Ivy from '@getivy/node-sdk'
   
   const client = new Ivy()
   const balance = await client.balance.retrieve({ currency: 'USDC' })
   
3. Get a real-time exchange rate

   Quote the USDC → fiat conversion before executing it.

   2023-01-01 (Ivy)

   import Ivy from '@getivy/node-sdk'
   
   const client = new Ivy()
   const rate = await client.fx.retrieveRate({
     sourceCurrency: 'USDC',
     targetCurrency: 'EUR',
     sourceAmount: '100',
   })
   
4. Execute the conversion

   Swap USDC into fiat.

   2023-01-01 (Ivy)

   import Ivy from '@getivy/node-sdk'
   
   const client = new Ivy()
   const fx = await client.fx.execute({
     sourceAccountId: 'your-usdc-account-id',
     targetAccountId: 'your-eur-account-id',
     sourceAmount: '100',
   })
   
5. Wait for the conversion to complete

   Conversions are asynchronous. Poll for the terminal status or wait for a webhook event.

   2023-01-01 (Ivy)

   import Ivy from '@getivy/node-sdk'
   
   const client = new Ivy()
   const fx = await client.fx.retrieve({ fxId })
   
   if (fx.status !== 'succeeded') {
     // still initiated or failed; back off and retry, or rely on webhooks
   }
   
6. Pay out fiat to a bank account

   Send the converted fiat to a bank account.

   2023-01-01 (Ivy)

   import Ivy from '@getivy/node-sdk'
   
   const client = new Ivy()
   const payout = await client.payouts.create({
     amount: 100,
     currency: 'EUR',
     destination: {
       type: 'beneficiary',
       financialAddress: {
         type: 'iban',
         iban: {
           accountHolderName: 'Acme Ltd',
           iban: 'DE89370400440532013000',
         },
       },
     },
   })
   
7. Track the payout

   Monitor payout status in the Dashboard or via webhooks. Funds usually arrive within minutes, but can take up to 2 business days depending on the receiving bank.