Whitelisted Addresses

Before you can send digital assets to any external address, that address must be pre-approved through the whitelisting process. This applies to exchanges, counterparties, and external accounts your organization owns.

Why Whitelisting Is Required

Whitelisting protects your organization by:

• Preventing transfers to unauthorized addresses
• Meeting compliance requirements for institutional funds
• Blocking transfers to sanctioned addresses
• Creating an audit trail for regulators and auditors

How Address Approval Works

Step 1: Submit the Address

A user on your team submits an external address with details about who owns it and the business purpose.

Step 2: Compliance Screening

The system checks the address against sanctions lists and known high-risk entities. This happens automatically as part of the submission flow.

Step 3: Internal Approval

After compliance screening, a second person on your team reviews and approves the address. Once approved, it can be used as a withdrawal destination.

Address Statuses

Types of Addresses to Whitelist

• Exchange deposit addresses — your deposit accounts at exchanges
• Counterparty accounts — other institutional or corporate accounts you transact with
• Your own external accounts — cold storage or accounts held at other providers

Best Practices

Before Submitting

• Verify the address character by character — cryptocurrency transfers are irreversible
• Have the business purpose ready before submitting, as it is required for approval
• Confirm the address is on the correct network for the asset you intend to send

For Compliance Officers

• Document the approval rationale at the time of review
• Reject addresses where ownership or purpose cannot be verified
• Monitor approved addresses for changes in risk profile over time