Payout to bank account with DFX
You are using Coinsnap, and your customers can pay with Bitcoin and Lightning. Payments are credited directly to your own Lightning wallet.
If you prefer to receive your Bitcoin revenue in fiat, you can use the Swiss Bitcoin broker DFX for bank payouts.
Coinsnap integrates with DFX to convert incoming Bitcoin balances into euros or Swiss francs, enabling direct payouts to your bank account.
Payouts are available to bank accounts across the SEPA area, including all EU member states, EEA countries, Switzerland, and the UK.
Coinsnap allows merchants to convert Bitcoin and Lightning payments into euros or Swiss francs via DFX and receive payouts directly to their bank account. When DFX payout is enabled, payments are routed directly to DFX, converted at the current exchange rate, and transferred to the merchant’s bank account, typically within one business day.
How payout to your bank account with DFX works
When a customer pays with Bitcoin or Lightning in your online store, the payment is routed directly to DFX.
DFX converts the received amount into euros or Swiss francs at the current exchange rate and transfers the equivalent value to your bank account. Payouts are processed daily (typically at midnight) and are usually credited the next day.
Each transaction is converted and paid out individually, so every customer payment appears as a separate entry on your bank statement.
The minimum payout amount is €10. Smaller amounts are credited to your Lightning wallet instead.
Payouts can be made in either euros or CHF. The final amount is credited to your bank account in its local currency—for example, a euro payout to a UK account will be received in pounds.
Prerequisites
To enable payouts to your bank account, you need to provide your company details, as well as the name of the account holder and the IBAN of the target account.
No additional information is required as long as your transaction volume remains below CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year.
If these thresholds are exceeded, an additional identity verification is required in accordance with Swiss regulations.
Fees
The fee for converting Lightning payments into euros or Swiss francs is 1.49% of the transaction volume.
If your transaction volume exceeds CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year and additional identity verification is required, the fee increases to 1.99%.
How to set up fiat payouts to your bank account with DFX
First, you navigate to the Settings [1] section in your Coinsnap dashboard.
Next, you open the Deposit [2] menu to choose how you want to receive your funds.
Then, you select Bank [3] as your deposit method and start the setup for bank payouts. Enter your account holder name, IBAN, and currency [4] to register your bank account and enable fiat settlement via DFX.
In the next step, you will also need to provide personal information such as your name, address, and contact details.
FAQ – what you need to know about DFX payouts
How can I receive Bitcoin payments in my bank account?
By enabling DFX payout in Coinsnap, Bitcoin payments are automatically converted into fiat and transferred to your bank account.
Does Coinsnap send Bitcoin to my wallet first?
No. When DFX payout is configured, payments are routed directly to DFX and not credited to your wallet.
How long does a bank payout take?
Payouts are processed daily and usually arrive in your bank account the next day.
Which currencies are supported?
DFX supports payouts in euros (EUR) and Swiss francs (CHF).
Is the payout available in SEPA countries?
Yes. Bank payouts are available across the SEPA area, including the EU, EEA, Switzerland, and the UK.
