What does the Transfer process look like?

Learn how to transfer both fiat and crypto on the platform.

One of the key functions of the Cybrid platform is enabling the transfer of funds, which includes both fiat currencies such as USD and CAD, and cryptocurrencies like BTC, ETH, and USDC. This comprehensive fund transfer functionality is provided through our /api/transfers endpoint, which can be explored in detail using our Swagger API documentation. In this article, we will provide an overview of this transfer functionality and the benefits it offers to users and developers.

Type of Transfers

Transfers are broken into the following types:

Type of Transfer	Description
Funding	Handles fiat deposits and withdraws to Plaid connected bank accounts, either triggering an EFT/ACH to move money.
Book	Handles internal Book transfers to move money between accounts on the Cybrid Platform. Typically used when a Partner is using a pre-funded account model instead of the Plaid-Connect model. More details in the guide What does the trade process look like?
Crypto	Handles crypto withdraws to external wallets (one time addresses).

Where the Transfer Process Fits In

The transfer process effectively book-ends the general trading activity on the Cybrid platform. Examining a hypothetical flow, the process could look something like this:

Conclusion

The /api/transfers endpoint in Cybrid's platform is a powerful tool for enabling the transfer of funds, including both fiat currencies and cryptocurrencies. For the next step, learn how to do a funding transfer in How do I fund an account with fiat?