Redeeming from other stablecoins

Redeem IDR to a bank account from other tokens.

You can receive IDR to a bank account by redeeming other stablecoins, such as USDT and USDC. IDRX partners with third-party providers to enable the redemption of other stablecoins to Indonesian Rupiah. The process involves swapping the stablecoin through the partner’s API into IDRX and then burning it on-chain. Below is the list of supported tokens and partner APIs for each network:

Network	Token	Partner API
Polygon	USDT	0x
BNB Chain	USDT	0x
Lisk	USDT0	Li.fi
Base	USDC	Li.fi

Each bank account has a deposit address that is associated with it. You can send funds to this address to request a redemption to the bank account. Here's an example code to list your currently registered bank accounts.

Check out this page to see the list of supported other stablecoins.

• The balance will be processed and credited to `bankAccount` max 24 hours after your request is submitted.

• The minimum transaction is 2 USD.

• The maximum transaction is 5,555 USD

• Redeeming other stablecoins <= 5,555 USD will be processed in real-time

• For transactions of more than 5,555 USD send your request to [email protected] to be processed.

• IDRX is not responsible if a redeem error occurs due to an incorrect bank/e-wallet account number.

import { createSignature } from "./createSignature";
const axios = require('axios');

const apiKey = "{YOUR API KEY}";
const secret = "{YOUR SECRET}";

async function getBankAccounts() {
  const path = "https://idrx.co/api/auth/get-bank-accounts";

  const bufferReq = Buffer.from('', 'base64').toString('utf8');
  const timestamp = Math.round((new Date()).getTime()).toString();
  const sig = createSignature('GET', path, bufferReq, timestamp, secret);

  const res = await axios.get(path, {
    headers: {
      'Content-Type': 'application/json',
      'idrx-api-key': apiKey,
      'idrx-api-sig': sig,
      'idrx-api-ts' : timestamp,
    },
  });

  console.log('res.data: ');
  console.log(JSON.stringify(res.data, null, 4));
}

getBankAccounts();

After a successful request, you will get a response as follows:

{
    "statusCode": 200,
    "message": "success",
    "data": [
        {
            "id": 108,
            "userId": 411,
            "bankAccountNumber": "5017332241",
            "bankAccountName": "JOHN SMITH",
            "bankAccountNumberHash": null,
            "bankCode": "014",
            "bankName": "BANK CENTRAL ASIA",
            "maxAmountTransfer": "100000000",
            "deleted": false,
            "DepositWalletAddress": {
                "walletAddress": "0x07C158ab29f23D0821e7D24B191c5e5d9d72738b",
                "createdAt": "2024-01-17T10:34:22.304Z"
            }
        },
        ...,
    ]
}

You can then send the other tokens to the wallet address associated with the bank account to initiate the process of redeeming IDR to the bank account. To get information about swap rates, you can use this api.