GRVT’s withdrawal system ensures security by limiting withdrawals to pre-approved wallets. For businesses, multiple admins must approve the addition of wallets.
For an Individual Account:
Complete 2FA and sign with your wallet to add and approve an address in your address book in Settings > Address Book..
Once the withdrawal address is safely registered, you can proceed to withdraw funds.
Select the network and currency for withdrawal.
Specify withdrawal amount.
Funds will be transferred securely to your recipient’s wallet.
For a Business Account,
Complete 2FA and sign with your wallet to add and approve an address in your address book in Settings > Address Book.
If there are multiple admins, a multi signature threshold must be met before an address is added to your address book.
Then any user with
Funding Adminpermission orWithdrawalpermission in the funding account can initiate a withdrawal.
The following diagram shows your withdrawn funds moving from our Layer 2 GRVT chain to Layer 1, ensuring self-custody via smart contracts. Your updated balance will be reflected in the GRVT app.