What is a deposit address?

A deposit address is a dedicated, static cryptocurrency address generated by Sheepy for each client or transaction profile. These addresses are created on supported blockchain networks and are designed to be reused, making them ideal for long-term payment tracking and automation. Each deposit address can be linked to a unique identifier, such as a user ID or UUID, which enables precise attribution of incoming funds to the correct customer account.

This functionality helps merchants automate reconciliation processes, avoid payment mismatches, and improve operational efficiency. By using static addresses, businesses eliminate the need to generate a new address for every transaction, reducing the risk of errors and enhancing the overall customer experience.