You can create an automated mechanism that notifies your organization or clients about incoming transactions using the following methods:
When you monitor notifications using one of the above methods, you should only consider incoming transactions for reconciliation after you receive a notification that the incoming transaction’s status has been updated to Completed. Depending on the asset type, this status update occurs at different times:
- For UTXO-based assets, Fireblocks sends a notification when the transaction is present in the mempool.
- For account-based assets, Fireblocks sends a notification when the transaction is mined.
IMPORTANT: After verifying the transaction’s status, check the wallet’s balance using the Fireblocks API to verify the deposit is included.
Below is a sequence diagram for additional reference: