Knowledgebase: Payment Settings
Can I change my settlement from fiat currency to BTC and then back again to fiat currency whenever I want?
Posted by Coinify on 04 August 2015 03:40 PM

Yes, you can change between BTC and fiat whenever you want.

 

In order to do so, you simply log in to your Coinify Merchant Account, click on Payment Settings and choose between the two available options - found under Settlement Distribution:

 

1. Convert to Account Currency, if you want your settlements to be in your Coinify Account Currency

 

2. Keep Bitcoin, if you prefer Bitcoin settlements.

 

In both cases, remember to scroll down and click on Save Changes.

 

If you change to Bitcoin, make sure that you have the correct Bitcoin wallet address entered in your account! Respectively, after you have changed your settlement to Bitcoin, your new invoices will also be received in Bitcoin.

 

If you already have EUR or any other FIAT money in your account, this amount will remain in your account balance until you change back to Fiat Settlement and reach your minimum settlement amount.

Bitcoin payments will be settled in Bitcoin and will not be automatically exchanged if you change back to fiat settlement.

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