diff --git a/packages/js-dpp/lib/identity/IdentityPublicKey.js b/packages/js-dpp/lib/identity/IdentityPublicKey.js
index 37f99bdd8ba..1346d1d37e1 100644
--- a/packages/js-dpp/lib/identity/IdentityPublicKey.js
+++ b/packages/js-dpp/lib/identity/IdentityPublicKey.js
@@ -240,6 +240,7 @@ IdentityPublicKey.PURPOSES = {
   AUTHENTICATION: 0,
   ENCRYPTION: 1,
   DECRYPTION: 2,
+  WITHDRAW: 3,
 };
 
 IdentityPublicKey.SECURITY_LEVELS = {
@@ -262,5 +263,8 @@ IdentityPublicKey.ALLOWED_SECURITY_LEVELS[IdentityPublicKey.PURPOSES.ENCRYPTION]
 IdentityPublicKey.ALLOWED_SECURITY_LEVELS[IdentityPublicKey.PURPOSES.DECRYPTION] = [
   IdentityPublicKey.SECURITY_LEVELS.MEDIUM,
 ];
+IdentityPublicKey.ALLOWED_SECURITY_LEVELS[IdentityPublicKey.PURPOSES.WITHDRAW] = [
+  IdentityPublicKey.SECURITY_LEVELS.MEDIUM,
+];
 
 module.exports = IdentityPublicKey;
diff --git a/packages/js-dpp/schema/identity/publicKey.json b/packages/js-dpp/schema/identity/publicKey.json
index 9a0b97c1e99..799028aa828 100644
--- a/packages/js-dpp/schema/identity/publicKey.json
+++ b/packages/js-dpp/schema/identity/publicKey.json
@@ -23,9 +23,10 @@
       "enum": [
         0,
         1,
-        2
+        2,
+        3
       ],
-      "description": "Public key purpose. 0 - Authentication, 1 - Encryption, 2 - Decryption",
+      "description": "Public key purpose. 0 - Authentication, 1 - Encryption, 2 - Decryption, 3 - Withdraw",
       "$comment": "It can't be changed after adding a key"
     },
     "securityLevel": {