Approve the transfer of an asset from a gas pump address

/v3/blockchain/sc/custodial/approve

2 credits per API call

Allow another blockchain address (the spender parameter in the request body) to transfer the asset from a gas pump address on behalf of the master address.

Use this API when the customer using the gas pump address sells assets on a marketplace or auction. After the customer creates a listing of the asset, they have to allow the marketplace/auction smart contract to transfer the asset to the buyer after the asset has been bought.

The asset can be one of the following types:

  • Fungible token (ERC-20 or equivalent)
  • NFT (ERC-721 or equivalent)
  • Multi Token (ERC-1155 or equivalent)

This API is supported for the following blockchains:

  • BNB Smart Chain
  • Celo
  • Ethereum
  • Harmony
  • Klaytn
  • Polygon
  • XinFin

Signing a transaction
When approving the transfer of an asset, you are charged a fee for the transaction, and you must sign the transaction with the private key of the blockchain address from which the fee will be deducted.

Providing the private key in the API is not a secure way of signing transactions, because the private key can be stolen or exposed. Your private keys should never leave your security perimeter. You should use the private keys only for testing a solution you are building on the testnet of a blockchain.

For signing transactions on the mainnet, we strongly recommend that you use the Tatum Key Management System (KMS) and provide the signature ID instead of the private key in the API. Alternatively, you can use the Tatum JavaScript client.

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