Custody solution.
By default, NOWPayments is a non-custodial service. This means that we process payments directly to your wallets without holding any funds within our system.
If you choose, you can activate the custody feature. This allows you to hold funds in your balances within our system temporarily and perform certain operations with them.
Withdrawing funds from the balance to your personal wallet does not require validation from us. The withdrawal process is initiated by you, and once complete, the funds are immediately transferred.
Custody solution pros
- Fees economy. For example, you can accept 100 payments on the balance and withdraw them in one transaction, paying only one network fee instead of 100, thus saving on network fees when working with large volumes. Also there is no service fee for withdrawal transaction.
- Mass payouts - you can send funds to many different addresses - well suite if you want to pay your employers or customers.
- Custody feature allows you to create conversions - fast and simple tool to swap one crypto to another, right inside our system.
How to top-up my custody balance.
The process is straightforward: simply create a payment link for the exact amount you wish to top up and send the funds. The amount will then be credited to your balance.