You can change between BTC and traditional (FIAT) currency whenever you want, as long as you have both a Bitcoin wallet and a bank account added to your "Payment Accounts" section in your Coinify Merchant account.
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 "Account Crediting":
1. Convert to Account Currency. Choose this option if you want your account accrued balance to be in your Coinify Account Currency. If you select this option, all received payments will be converted from cryptocurrency to your account’s currency and credited to your balance.
2. Keep Bitcoin. Choose this option if you prefer Bitcoin payouts. With this option, all received payments will be kept in Bitcoin and credited to your balance.
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 into your account. Respectively, after you have changed your payout to Bitcoin, your new payments will also be received in Bitcoin.
- If you already have EUR or any other FIAT currency in your account, this amount will remain in your account balance until you change back to fiat payout and reach your minimum payout amount.
Bitcoin payments will be settled in Bitcoin, and will not be automatically exchanged if you change back to FIAT payout.
Important: If you change to "Convert to Account Currency", make sure to check the additional options placed below and tick also "Convert Partial" and "Convert Extra/Late Payments" if you want to convert them as well.
If you need further assistance, or wish to exchange any currency held in your merchant account please contact our Customer Support.