Can I set up deposit addresses and track client crypto balances?

Yes, Sheepy allows merchants to assign static deposit addresses to individual clients, enabling continuous, real-time tracking of incoming payments and user balances. These addresses are generated on supported blockchains and remain fixed over time, which means each client can be provided with a persistent destination for sending cryptocurrency.

When a payment is received at a deposit address, Sheepy automatically verifies the transaction and generates an invoice. This invoice is immediately marked as “Done” once blockchain confirmations are complete, and the merchant is notified through the dashboard or webhook. To simplify reconciliation, merchants can label each deposit address with a unique identifier - such as a user ID, UUID, or any alphanumeric tag - which links deposits to specific customers or internal systems.

This approach not only streamlines balance management but also reduces operational overhead for businesses that manage multiple payers, such as exchanges, gaming platforms, or SaaS providers. It provides transparency, accuracy, and automation in payment attribution and user account tracking.