Coinsnap Balance Explained: Free Credit, Referral Codes and Payment Fees

Have you just registered with Coinsnap and noticed a separate prepaid balance in your merchant account? Are you wondering what this balance is used for, why it is displayed in Satoshis, or how to redeem a referral code for additional free credit?

This guide explains everything you need to know about your Coinsnap prepaid balance, how it differs from your Bitcoin wallet, where you can check your processing fees, and how you can start accepting Bitcoin payments with up to €10 in free credit.

1. What Is the Coinsnap Prepaid Balance?

Coinsnap works differently from traditional payment processors. When a customer pays you with Bitcoin, the payment is sent directly to your connected Bitcoin wallet. Coinsnap does not take custody of your Bitcoin payments.

Instead of deducting a service fee from each incoming payment, Coinsnap charges its fees separately through your merchant’s prepaid balance.

Example: Receiving a €100 Bitcoin Payment

1. Your customer pays €100 in Bitcoin.
2. The Bitcoin payment is sent directly to your connected wallet.
3. You receive the full Bitcoin payment amount.
4. Coinsnap charges a 1% payment processing fee, equivalent to €1.
5. The €1 fee is deducted from your Coinsnap prepaid balance.

This means your incoming Bitcoin payments and your payment processing fees are managed separately.

Why Does Coinsnap Use a Separate Prepaid Balance?

Because Coinsnap does not hold your Bitcoin payments, it cannot simply deduct its fees from funds held on your behalf. Instead, Coinsnap uses a prepaid credit system. Your Coinsnap prepaid balance works like a prepaid account that automatically covers the processing fees associated with your Bitcoin payments.

This approach offers several advantages:

• Your Bitcoin payments go directly to your wallet.
• Coinsnap does not need to custody your Bitcoin to collect service fees.
• Payment revenue and processing fees remain separate.
• You can easily track your payment processing costs.
• You can start testing Coinsnap using free promotional credit.

Depending on the payment method, additional network fees may apply.

2. Coinsnap Wallet vs. Coinsnap Prepaid Balance: What’s the Difference?

One of the most common questions from new users is why Coinsnap displays two different balances. The reason is simple: Your Bitcoin wallet and your Coinsnap prepaid balance serve different purposes.

Think of your Coinsnap Wallet as your personal Bitcoin wallet and your Coinsnap prepaid balance as a separate account for payment processing fees.

3. How to Get €5 in Free Coinsnap Starting Credit

To help new merchants get started, Coinsnap provides €5 in free credit when you register a new merchant account. This starting credit is automatically added to your Coinsnap prepaid balance.

The balance is displayed in Satoshis (sats), the smallest unit of Bitcoin. One Bitcoin equals 100,000,000 Satoshis.

What Can You Do with €5 in Free Credit?

With Coinsnap’s standard processing fee of 1%, €5 in fee credit can cover fees for up to €500 in Bitcoin payments, assuming no additional fees apply.

• Accept your first Bitcoin payment using Coinsnap POS.
• Test Bitcoin payments in your online store.
• Verify that payments arrive in your Bitcoin wallet.
• Explore the Coinsnap merchant dashboard.
• Review your payment history and processing fees.
• Learn how Bitcoin payment processing works.

You can start experimenting without initially having to top up your prepaid balance.

4. Get Another €5 with a Coinsnap Referral Code

Did a friend, colleague, business partner or another Coinsnap merchant introduce you to Coinsnap? If they shared a Coinsnap referral link or referral code with you, you can receive an additional €5 in free fee credit. Combined with your regular €5 starting credit, this gives you €10 in total free Coinsnap fee credit.

There are two ways to use a referral.

Option A: Register Through a Referral Link

The easiest method is to use a personal Coinsnap referral link. A referral link may look like this: https://coinsnap.io/?ref=YOUR-REFERRAL-CODE. This is an example; replace it with a valid referral code.

1. Open the referral link you received.
2. Start the Coinsnap merchant registration process.
3. Complete your registration.
4. Log in to your new Coinsnap merchant account.
5. Check your Coinsnap prepaid balance.

When you register through a valid referral link, the referral code is automatically associated with your registration. After successful registration, you receive €5 regular starting credit and €5 additional referral credit — €10 total free Coinsnap fee credit.

Option B: Register Using a Referral Code

Sometimes you may receive only a referral code rather than a complete referral link. You can also use this code during registration.

1. Visit coinsnap.io.
2. Start registration for a new Coinsnap merchant account.
3. Enter your referral code in the designated referral field.
4. Complete your registration.
5. Log in and check your available prepaid balance.

Your additional referral credit will be applied if the code is valid and successfully associated with your registration.

Tip: Make sure to use your referral link or enter your referral code during registration. If you have already registered and forgotten to use your referral code, contact Coinsnap support to ask whether it can still be applied.

For more information, see the Coinsnap Referral Program.

5. How Much Can You Process with €10 in Free Credit?

With €10 in free fee credit, you can already accept a significant amount of Bitcoin payments. At Coinsnap’s standard 1% processing fee, €10 can cover the service fees for up to €1,000 in Bitcoin payment volume, assuming no additional fees apply.

Examples of Coinsnap Processing Fees

These calculations illustrate the standard 1% processing fee and exclude any additional applicable network fees. Your free credit allows you to test Coinsnap in real business situations, including accepting Bitcoin payments at a physical point of sale or through your online store.

6. Where Can I Find My Coinsnap Prepaid Balance?

You can check your current Coinsnap prepaid balance at any time in your merchant dashboard.

1. Log in to your Coinsnap merchant account at app.coinsnap.io.
2. Click Prepaid Balance in the left sidebar.
3. Alternatively, open app.coinsnap.io/balance directly.
4. Your current prepaid balance will be displayed in Satoshis.

The prepaid balance is also displayed in the left sidebar of your Coinsnap dashboard. On the Prepaid Balance page, you can view your current balance, low-balance notifications, complete transaction history, deducted fees, credits and top-ups, and the option to add more credit.

7. How Can I See What Coinsnap Charges Me For?

Coinsnap provides a transparent overview of all fees charged to your merchant account. The standard Coinsnap processing fee is 1% of your Bitcoin payment volume. Depending on the payment method, additional network fees may apply.

Every fee deduction is recorded in your Coinsnap transaction history, allowing you to see exactly when and why your prepaid balance was charged.

How to Check Your Coinsnap Fees

1. Log in to your Coinsnap merchant account.
2. Open Prepaid Balance.
3. Scroll down to Transaction History.
4. Select Fee Debits to display your fee deductions.

The Transaction History table provides the following information:

You can also filter the transaction history by event type, payment category, date range and other available criteria.

What Is the Difference Between Service Fees and Network Fees?

Service Fee (service_fee): This is the regular Coinsnap payment processing fee of 1%. For example, if you receive a Bitcoin payment worth €100, the Coinsnap service fee is €1. The corresponding amount in Satoshis is deducted from your prepaid balance.

Network Fee (network_fee): Depending on the payment method and the underlying Bitcoin infrastructure, additional network fees may apply. These fees are recorded separately from the Coinsnap service fee. You can see both fee types as individual entries in your transaction history.

Can I See Which Payment a Fee Belongs To?

Yes. The Memo column contains a description of the fee and typically includes the reference of the associated Bitcoin payment. For example: Coinsnap fee for deposit [payment reference]. This makes it easier to reconcile your Bitcoin payments with the fees charged by Coinsnap.

Can I Download My Coinsnap Fee Transactions?

Yes. Coinsnap allows you to export your transaction history as a CSV file.

1. Open Prepaid Balance.
2. Navigate to Transaction History.
3. Use the available filters if needed.
4. Click Export CSV.

The CSV export allows you to review your transaction records outside Coinsnap and use them for accounting and reconciliation.

Can I Also See Credits and Referral Commissions?

Yes. The Transaction History includes both debits and credits. In addition to fee deductions, you may see top-ups (credit added to your prepaid balance), partner commissions (rewards credited through the Coinsnap referral program), and fee settlements (processing fees deducted from your balance).

You can select All, Top-ups or Fee Debits to find the relevant transactions more easily.

8. Why Does Coinsnap Show a Negative Balance?

Sometimes you may see an orange warning in your Coinsnap dashboard saying Low Balance, or a negative value such as –4,037 sats.

A negative Coinsnap prepaid balance does not mean that your personal Bitcoin wallet has a negative Bitcoin balance. The displayed amount refers to your separate merchant fee account. A negative balance indicates that the fees recorded against your account exceed the currently available fee credit. This may happen when processing fees are recorded while your prepaid balance is insufficient.

How Can I Check Why My Balance Is Negative?

1. Open Prepaid Balance.
2. Scroll to Transaction History.
3. Select Fee Debits.
4. Review the service fees and network fees that were deducted.

Each entry shows the amount charged and the associated payment reference. Your personal Bitcoin wallet remains separate from the prepaid account.

What Should I Do if My Balance Is Negative?

If your prepaid balance becomes low or negative, you should top it up. This ensures that sufficient fee credit is available for future payment processing. Coinsnap provides a simple way to add credit using Bitcoin.

9. How to Top Up Your Coinsnap Prepaid Balance

Once your free starting credit has been used, you can add more credit to your Coinsnap merchant account. Coinsnap supports prepaid balance top-ups using Bitcoin Lightning and Bitcoin On-Chain payments.

Step 1: Open Your Prepaid Balance

Log in to your Coinsnap merchant account and navigate to Prepaid Balance.

Step 2: Select Top Up

Click the Top Up button displayed below your prepaid balance in the left sidebar.

Step 3: Choose an Amount

Select a suggested amount such as €5, €10, €20 or €50, or enter a custom amount starting from €5.

Step 4: Pay with Bitcoin

Coinsnap generates a Bitcoin payment request for the selected top-up amount. You can pay using a compatible Bitcoin wallet through Lightning or On-Chain.

Step 5: Your Credit Is Added

Once your payment has been successfully processed, your prepaid balance is credited. Coinsnap automatically deducts future processing fees from this balance.

Low Balance Notifications

If your Coinsnap prepaid balance falls below the equivalent of €5, Coinsnap sends you an email notification. The notification includes a payment link that allows you to conveniently top up your balance by €20. Alternatively, you can log in to your merchant dashboard and choose another top-up amount.

For detailed instructions, read How to Top Up Your Coinsnap Credit.

10. Why Is This Fee Model Useful for Bitcoin Merchants?

The main advantage of Coinsnap’s prepaid fee model is that your Bitcoin payments remain separate from the costs of processing them. When customers pay you in Bitcoin, the payment goes directly to your connected Bitcoin wallet. Coinsnap collects its fees separately through your merchant’s prepaid balance.

• Direct Bitcoin payments: Your Bitcoin payments are delivered directly to your wallet without Coinsnap first taking custody of them.
• Self-custody: You maintain control of your Bitcoin through your own wallet.
• Transparent fees: Your payment processing fees are recorded separately from your Bitcoin revenue.
• Detailed transaction history: You can review every fee debit, credit and top-up in your Coinsnap dashboard.
• Easy testing: New merchants receive €5 in free credit, with another €5 available through a valid referral code.
• Simple account management: You can check your prepaid balance and add credit whenever needed.

Frequently Asked Questions (FAQ)

What is the Coinsnap prepaid balance?

The Coinsnap prepaid balance is a credit account used to pay Coinsnap’s payment processing fees and any additional applicable charges. It is separate from your personal Bitcoin wallet.

Why do I need a Coinsnap fee wallet?

Coinsnap sends customer Bitcoin payments directly to your connected wallet instead of taking custody of them. Therefore, processing fees are charged separately through your Coinsnap prepaid balance.

Do I receive free starting credit when registering with Coinsnap?

Yes. New Coinsnap merchants receive €5 in free starting credit when registering a merchant account. This credit is automatically added to their prepaid balance.

How can I receive an additional €5 Coinsnap credit?

Register using a valid Coinsnap referral link or enter a referral code during registration. This provides an additional €5 in free fee credit, bringing your total starting credit to €10.

Where do I enter my Coinsnap referral code?

You can enter your referral code during the Coinsnap merchant registration process. If you register through a valid referral link, the code is automatically associated with your registration.

Can I add a referral code after registration?

Referral codes are intended to be used during registration. If you forgot to enter your code, contact Coinsnap support to ask whether it can be added afterward.

Is the €5 or €10 starting credit real Bitcoin?

The starting credit is recorded in Satoshis, but it is promotional credit intended to cover Coinsnap fees. It is not freely spendable Bitcoin in your personal Coinsnap Wallet.

Can I withdraw my free Coinsnap bonus credit?

No. Promotional starting and referral credit is intended to cover Coinsnap service fees and is not designed to be withdrawn as Bitcoin.

How much does Coinsnap charge per payment?

Coinsnap’s standard merchant processing fee is 1% per successfully processed payment. Additional network fees may apply depending on the payment method.

Where can I see which fees Coinsnap has charged me?

Log in to your Coinsnap merchant account and open Prepaid Balance. Under Transaction History, select Fee Debits to see all fee deductions, including service fees and network fees.

Can I see which Bitcoin payment a fee belongs to?

Yes. Each fee transaction includes details such as the date, amount, fee category and a memo containing the associated payment reference.

What is the difference between a service fee and a network fee?

The service fee is Coinsnap’s standard 1% payment processing fee. A network fee is an additional charge that may apply depending on the underlying Bitcoin payment network. Both are displayed separately in your transaction history.

Can I export my Coinsnap fee history?

Yes. Open Prepaid Balance and click Export CSV in the Transaction History section. You can download your transaction records for accounting and reconciliation.

Where can I see my referral commissions?

Referral commissions credited to your prepaid account appear in the Transaction History under Prepaid Balance. They can be identified by entries such as partner_commission.

How many payments can I accept with €10 free credit?

At a standard processing fee of 1%, €10 can cover the fees for up to €1,000 in Bitcoin payment volume, assuming no additional fees apply. The number of individual payments depends on their amounts.

Why does my Coinsnap balance show a negative amount?

A negative amount means your merchant prepaid account has a negative balance. It does not mean your personal Bitcoin wallet has a negative Bitcoin balance. Check your fee deductions under Prepaid Balance → Transaction History to understand the charges.

What does “Low Balance” mean in Coinsnap?

The warning indicates that your available prepaid credit is low. You should top up your Coinsnap merchant account to ensure sufficient credit for upcoming processing fees.

How do I top up my Coinsnap balance?

Log in to your Coinsnap dashboard, open Prepaid Balance, click Top Up, choose an amount starting from €5, and pay using Bitcoin Lightning or On-Chain.

Can I top up my Coinsnap balance with Lightning?

Yes. Coinsnap supports prepaid balance top-ups through both Bitcoin Lightning and Bitcoin On-Chain payments.

Does Coinsnap deduct fees from my Bitcoin payments?

Coinsnap does not deduct its merchant processing fees directly from your incoming Bitcoin payments. The fees are charged separately through your prepaid balance.

Do I need prepaid credit if I only use the Coinsnap Wallet?

No. The 1% Coinsnap merchant processing fee does not apply when using the Coinsnap Wallet exclusively as a standalone Bitcoin wallet. Normal Bitcoin network or transaction fees may still apply.

Conclusion: Start Accepting Bitcoin with Up to €10 in Free Credit

Coinsnap makes it easy to accept Bitcoin payments while keeping your Bitcoin revenue separate from your processing fees. Your customers pay Bitcoin directly to your connected wallet, and Coinsnap charges the processing fees through a separate prepaid account.

As a new merchant, you receive €5 in free starting credit. Register with a valid referral link or referral code to receive another €5, giving you a total of €10 in free fee credit. At Coinsnap’s standard 1% processing fee, this can cover the service fees for up to €1,000 in Bitcoin payments, assuming no additional fees apply.

You can track every fee deduction and account credit through the Prepaid Balance page, giving you complete transparency over your payment processing costs. Once your free credit has been used, you can top up your prepaid balance whenever needed.

Start accepting Bitcoin payments today and put your free Coinsnap credit to work.

Create Your Free Coinsnap Account

Related Articles

• Understanding Your Coinsnap Customer Account
• How to Top Up Your Coinsnap Credit
• Coinsnap Referral Program
• Coinsnap Wallet FAQ

From Device to Bitcoin Kiosk: How Coinsnap Kiosk Mode Works

A device is the physical tool used to run the Coinsnap App and accept Bitcoin payments. This can be a smartphone, tablet, iPad or dedicated Android POS device. Depending on the configuration, the device can provide access to the Coinsnap Wallet, Point of Sale functions and individual payment terminals.

A Point of Sale, or POS, represents a store, restaurant, event or other sales environment within the Coinsnap Merchant Account. It brings together the products, orders, payment settings and terminals belonging to that particular sales operation.

Within each POS, the merchant can create one or more terminals. A terminal represents an individual checkout or payment location, such as a bar, entrance, merchandise stand or cash register. Payments and orders can therefore be assigned to the correct terminal while settlement remains centrally controlled through the Merchant Account.

Below the terminal level, Coinsnap provides an additional access layer: Coinsnap Kiosk Mode. Kiosk Mode restricts the device to the selected terminal and gives its user only the permissions required to accept Bitcoin payments. The Coinsnap Wallet, wallet balance, settings and merchant administration remain hidden.

The principle is similar to the card payment terminals used in stores such as H&M or ZARA. Employees and customers can use the terminal to complete a payment, but they cannot access the retailer’s bank account, payment-provider dashboard or administrative settings. In the same way, Coinsnap Kiosk Mode turns a compatible device into a secure Bitcoin kiosk that can be handed to an employee, waiter, cashier or temporary event worker.

Requirements for Coinsnap Kiosk Mode

Before setting up Kiosk Mode on a device, you need a Coinsnap Merchant Account.

Within the Merchant Account, the required Point of Sale and the corresponding terminals should already be created.

For example, an event could have the following terminals:

• Bar 1
• Bar 2
• Merchandise
• Entrance
• Default Terminal

Each physical device can later be assigned to one of these terminals.

How to set up Coinsnap Kiosk Mode

Install the Coinsnap App, connect it to your Coinsnap Merchant Account and verify the account by email. Then open Settings → Kiosk Mode, create a four-digit PIN, select an existing Point of Sale terminal and tap Start Kiosk Mode. The device will then provide access to the assigned payment terminal while keeping the wallet, settings and merchant administration locked.

Follow these steps to connect your device to a Coinsnap Merchant Account, assign a PoS terminal, create a security PIN and start Kiosk Mode.

1. Install the Coinsnap App on the device

Install the Coinsnap App on the smartphone, tablet, iPad or Android PoS terminal that you want to use as a Bitcoin payment terminal.

During the standard setup, the app creates a local Coinsnap Wallet on the device. This wallet does not need to hold any Bitcoin to use Coinsnap Kiosk Mode. 

The screenshot shows a newly installed Coinsnap Wallet with an empty balance.

2. Open Kiosk Mode in Settings

Open the menu in the Coinsnap App and go to Settings. Scroll down until you reach KIOSK MODE.

Kiosk Mode is initially disabled. The message: “Optional Coinsnap service – Requires Coinsnap Account” indicates that the feature must first be connected to a Coinsnap Merchant Account.

3. Connect the Coinsnap Merchant Account

If you try to activate Kiosk Mode before connecting a Merchant Account, the app displays a message telling you that the account must first be connected.

The message says:

“Connect to your Coinsnap account first to select a terminal for kiosk mode.”

Open the Coinsnap Account section. On the next screen, select Continue with Email.

4. Enter the email address of the Merchant Account

Enter the email address used for your Coinsnap Merchant Account.

Then tap Send Code. Coinsnap will send a one-time verification code to the registered email address.

5. Confirm the verification code

Enter the verification code you received by email.

Then tap Verify. The Coinsnap App on this device is now connected to your Merchant Account.

6. Check the Merchant Account and Store

After successful login, the connected Coinsnap Merchant Account is displayed.

This screen includes information such as:

• Revenue
• Orders
• Number of terminals
• Account details
• Deposit address

If your Merchant Account contains several stores, make sure that you are working with the store that should be used for this device.

7. Open Point of Sale management

Scroll down within the Merchant Account. You will find the button Manage PoS:

Tap Manage PoS to open the Point of Sale configuration for the selected store.

8. Check the available terminals

The Point of Sale screen shows the terminals that have already been created in the Coinsnap Merchant Account. In this example, the store Satoshis Bar contains the terminal: Default Terminal

Each terminal provides several options: View – Pair – Edit – Delete

What Is the Difference Between Pairing and Kiosk Mode Terminal Assignment?

The business owner or administrator normally creates the POS and its terminals in the Coinsnap Merchant Account. The Pair function connects a terminal to an app or device using a QR code or pairing code. This pairing process is not required when configuring the current device for Coinsnap Kiosk Mode.

For Kiosk Mode, simply make sure that the required terminal already exists. Then return to Coinsnap App → Settings → Kiosk Mode → Terminal.

Select the appropriate terminal from the list. This assigns the current device to that terminal for use in Kiosk Mode.

9. Enable Kiosk Mode and create a PIN

Go back to the Kiosk Mode section in Settings and activate Kiosk Mode. When Kiosk Mode is activated for the first time, the app explains how it works.

In Kiosk Mode:

• Employees can only use the Point of Sale
• Wallet and settings stay hidden
• A PIN is required to exit Kiosk Mode

Tap Set Up PIN and create a four-digit PIN and enter it again to confirm.

Keep this PIN secure. It will later be required to exit Kiosk Mode or access administrative settings again.

10. Select the terminal for this device

After the PIN has been created, Kiosk Mode is enabled, but the device still needs to be assigned to a specific Point of Sale terminal. You’ll see a list of terminals that you can assign to your new kiosk. In this example, select Default Terminal. The app will display all available terminals from the connected Merchant Account.

In this example, the available terminal is:

Default Terminal

Select the terminal that should be assigned to this physical device and confirm your selection.

For an event with several devices, repeat this process on each device and assign the appropriate terminal.

For example:

• Device 1 → Bar 1
• Device 2 → Bar 2
• Device 3 → Merchandise
• Device 4 → Default Terminal

This allows transactions and orders to be associated with the corresponding terminal.

11. Start Kiosk Mode

Once the terminal has been selected, the assigned terminal is displayed in the Kiosk Mode settings.

In this example:

Terminal – Default Terminal

Now tap:

Start Kiosk Mode

The device switches into restricted Point of Sale mode.

12. Hand the device to the employee

After Kiosk Mode has started, only the Point of Sale interface is available.

In this example, the device now operates as:

Default Terminal

The employee can use the device to accept Bitcoin payments and, depending on the Point of Sale configuration, select products and manage orders.

The employee cannot access:

• The Coinsnap Wallet
• Wallet balances
• Settings
• Merchant administration
• Other protected functions

This makes it possible to safely hand the device to an employee, waiter, cashier, or temporary event staff member.

Where Are Kiosk Mode Payments Settled?

One of the most important concepts of Kiosk Mode is that the individual hardware device acts only as a payment acceptance terminal.

The payments do not need to remain on the local wallet installed on the device.

Instead, payments are processed according to the settlement configuration of the Coinsnap Merchant Account.

A typical event setup could therefore look like this:

10 hardware devices → 10 PoS terminals → 1 Coinsnap Merchant Account → central settlement destination

This allows every employee to use a dedicated payment terminal while all incoming payments are credited centrally to the organizer’s configured wallet or settlement destination.

Employees do not need access to the organizer’s main wallet and do not need to manage Bitcoin themselves.

Coinsnap Kiosk Mode Quick Setup

The complete setup process is:

Install Coinsnap App → Settings → Kiosk Mode → Connect Merchant Account → Verify email → Check the PoS terminal → Return to Settings → Enable Kiosk Mode → Set PIN → Select Terminal → Start Kiosk Mode

The most important point to understand is that Pair in the Point of Sale management and selecting a terminal for Kiosk Mode are related but different functions.

For the setup of the current device as a Kiosk terminal, the final terminal assignment is made under:

Settings → Kiosk Mode → Terminal

Connect DFX to Coinsnap if you want to accept Bitcoin payments without keeping your sales revenue in Bitcoin. Your Bitcoin and Lightning sales are automatically converted into euros or Swiss francs and paid directly into your bank account. (…more)

Once DFX payout is enabled, incoming Bitcoin payments are routed directly to DFX, converted into EUR or CHF, and settled to your registered bank account. Payouts are processed daily and are usually credited to your bank account the next business day.

In this guide, we show you step by step how to connect DFX to Coinsnap and set up automatic bank payouts in your Coinsnap dashboard.

Step 1: Select Bank as Your Deposit Method

In your Coinsnap dashboard, go to Finance → Settings → Deposit.

Here you can choose how Coinsnap sends you the funds from your Bitcoin sales. Select Bank as your deposit method to receive your sales revenue in EUR or CHF directly to your bank account via DFX.

Under Bank deposits [1], you can see the two steps required to set up your bank payouts: first your Bank account, followed by your Personal details.

Click Start bank setup [2] to begin.

Step 2: Register Your Bank Account

After clicking Start bank setup, a new Register your bank account field opens at the bottom of the screen. This is where you enter the bank account to which DFX should pay out your Bitcoin sales.

Under Account type, first select whether the bank account is Personal or Business. DFX verifies who owns the account, so make sure you select the appropriate account type. Private individuals and sole proprietors should select Personal, while companies and other legal entities should select Business.

Next, enter the Account holder exactly as it appears on the bank account, followed by the corresponding IBAN.

Finally, under Currency, select the currency in which you want to receive your payouts, for example EUR.

Once all bank account details are complete, click Continue to personal details.

Step 3: Enter Your Personal Details

After registering your bank account, Coinsnap asks you to complete the personal details required to activate your bank deposits with DFX.

Enter your first and last name, email address and phone number. Then provide your address, including street and house number, city, ZIP code and country.

Some information already known to Coinsnap, such as your email address, may already be pre-filled, so you don’t have to enter it again.

Make sure that the information is correct and complete. Then click Submit details to submit your information and complete this part of the DFX account setup.

Step 4: Complete the DFX Assignment Agreement

Before DFX can process payments for your business, you need to enter into an Assignment Agreement with DFX. For this step, Coinsnap redirects you directly to DFX. The agreement is concluded on the DFX website because DFX is your contractual partner for converting your Bitcoin payments and settling them to your bank account.

On the Assignment agreement page, DFX asks you to provide or confirm some information about your business and how you use Coinsnap.

What Information Does DFX Require?

The DFX form currently asks for the following information:

Public Name
Enter the public name of the person or organization entering into the agreement with DFX.

Website
Enter the website of your business or online store.

Registration Number
Enter your company or business registration number, if applicable.

Store Type
Select how you sell your products or services. DFX currently distinguishes between Online, Offline, and Online and Physical businesses.

Merchant Category
Select the category that best describes your business, such as Professional Services, Information, Retail, or Accommodation and Food Services.

Goods Type
Specify whether you sell physical products (Tangible) or virtual products or services (Virtual).

Goods Category
Select the category that best describes the products or services you sell.

Purpose of the Payments
Finally, briefly describe what your customers are paying you for.

It is a good idea to have this information ready before you start setting up DFX.

Some information already available to Coinsnap, such as your company name, website or registration number, may be transferred to DFX or pre-filled. The additional information about your business model is provided directly to DFX.

This also ensures that you always see the current information required by DFX. If DFX changes its regulatory requirements or needs additional information in the future, the DFX page will reflect those requirements.

Step 5: Accept the DFX Assignment Agreement

After you have provided the required information about your business, DFX presents the Assignment Agreement for your bank payouts.

Under this agreement, you assign the relevant receivables from the sale of your goods or services to DFX for payment processing. This enables DFX to receive your customers’ Bitcoin payments, convert them into fiat and settle the proceeds to your bank account.

The agreement also specifies the DFX processing fee of 0.2%, which is deducted from the amount paid out to your bank account.

Read the agreement carefully and, if you agree to its terms, confirm:

I accept the agreement

DFX records your acceptance and also sends you an email confirming the concluded Assignment Agreement.

Once you have accepted the agreement, DFX confirms that the Assignment Agreement has been successfully concluded and records the exact date and time of your acceptance. The confirmation also summarizes the key terms of the agreement, including the 0.2% DFX processing fee.

Step 6: Complete KYC or KYB Verification

If you want to process payouts above your current DFX limit, you need to complete DFX verification. For an unverified account, the Coinsnap dashboard displays your current limit under Verification and limits. In the example shown here, the limit is EUR/CHF 1,000 within any rolling 30-day period.

DFX states that KYC verification is mandatory for transactions of EUR/CHF 1,000 or more. Individual transaction and payout limits may vary depending on the customer and verification status.

You can start the verification directly from your Coinsnap dashboard by clicking Verify with DFX.

The information and documents required depend on whether you are registering as an individual or sole proprietor, or on behalf of a company.

KYC for Individuals

For personal verification, DFX carries out a Know Your Customer (KYC) check to verify your identity.

As part of this process, you will be asked to identify yourself using a valid identity document. The verification process typically requires you to capture your ID document with your camera and complete a facial verification.

KYB for Companies

Companies are additionally subject to a Know Your Business (KYB) verification.

Depending on the company and its structure, DFX may request information and documents such as:

• Company registration documents
• Shareholder or ownership structure
• Information about the company and its business model
• Expected revenue or transaction volume

DFX also needs to identify the company’s ultimate beneficial owners (UBOs).

Under the current DFX verification process, shareholders or beneficial owners holding more than 25% of the company are required to complete their own personal KYC verification.

The entire KYC and KYB process is carried out directly by DFX. Coinsnap does not perform the verification and does not decide whether a DFX account is approved.

Step 7: Return to Coinsnap

Once you have completed the required steps with DFX, you will be redirected back to Coinsnap.

Coinsnap can then check the status of your DFX setup. Once your DFX account has been successfully approved, go to Deposit Method in your Coinsnap settings and select Bank as your active deposit method.

That’s it. Your DFX bank payout setup is now complete.

Future Bitcoin and Lightning payments can now be routed directly to DFX, converted into your selected fiat currency, and paid out to your registered bank account.

What Should You Have Ready Before You Start?

To make the setup as quick and straightforward as possible, we recommend having the following information and documents ready before you begin:

• Your IBAN and the exact name of the account holder
• Your company or business name
• Your company or business registration number, if applicable
• Your company and/or shop website
• Your contact details and business address
• A short description of your business activities
• Information about the products or services you sell
• A valid identity document
• For companies, your company registration documents and information about the ownership/shareholder structure

Having this information ready allows you to complete the Coinsnap bank setup, the DFX Assignment Agreement and, where required, the subsequent KYC or KYB verification without unnecessary interruptions.

Introduction

Once you have installed and set up your Coinsnap Bitcoin Wallet, you are ready to send and receive Bitcoin directly from the app – either over the Lightning Network for fast everyday payments or via the Bitcoin blockchain.

In this guide, we’ll show you how to send and receive Bitcoin with the Coinsnap Wallet, step by step. You’ll learn how to scan a Bitcoin or Lightning QR code, review and confirm a payment, receive Bitcoin from someone else, and find completed payments in your transaction history.

We’ll use real payment examples throughout the guide, so you can see exactly what happens on your screen when you send or receive Bitcoin.

If you haven’t installed your wallet yet, start with our guide How to Download, Install and Set Up the Coinsnap Bitcoin Wallet in Minutes. Once your wallet is ready, you can follow the steps below. Once you have completed these steps, you’ll know exactly how to send and receive Bitcoin with your Coinsnap Wallet in everyday situations.

SEND BITCOIN WITH YOUR COINSNAP WALLET

Now that your Coinsnap Bitcoin Wallet is set up, you can send and receive Bitcoin directly from the app. Let’s start by sending a Bitcoin payment.

The easiest way to pay a Bitcoin or Lightning payment request is by scanning its QR code. In the following example, we’ll use the Coinsnap Wallet to make a small Bitcoin donation.

Step 1: Open Your Personal Wallet

Open the Coinsnap Wallet and make sure Personal is selected at the top of the screen.

Here you can see your current Bitcoin balance as well as your recent transactions. Below your balance, you will find the three main wallet functions: Send, Scan, and Receive.

For a payment presented as a QR code, tap Scan.

Step 2: Generate the Bitcoin Payment Request

At checkout, the merchant, website, or payment recipient will usually provide a Bitcoin payment request. In our example, we enter a €1 donation and click Pay with Bitcoin.

Step 3: Find the Bitcoin Payment QR Code

The payment page now displays a QR code containing the payment information. In this example, the €1 donation corresponds to 1,393 sats.

You do not need to copy the Bitcoin address or Lightning invoice manually. Simply leave the QR code visible on the screen and scan it with your Coinsnap Wallet.

Step 4: Scan the QR Code

Back in your Coinsnap Wallet, tap Scan to open the QR code scanner.

Point your smartphone camera at the payment QR code. The wallet automatically recognizes the Bitcoin or Lightning payment information contained in the code.

Step 5: Review and Confirm the Payment

Once the QR code has been scanned, the wallet displays the payment details before anything is sent.

Check the payment amount and network fee. In our example, the payment is 1,393 sats, with a 6 sats Lightning fee, resulting in a total of 1,399 sats.

If everything is correct, tap Send Now.

Step 6: Payment Sent

That’s it. The Coinsnap Wallet confirms that your payment was sent successfully.

Lightning payments are generally completed within seconds, so there is normally no need to wait for blockchain confirmations.

Step 7: The Recipient Confirms the Payment

The recipient’s website can immediately recognize the successful payment. In our example, the donation page displays its confirmation as soon as the Lightning payment arrives.

Step 8: Check Your Updated Wallet Balance

Return to your Coinsnap Wallet and you will see the payment in your recent transactions. Your Bitcoin balance has been reduced by the payment amount plus the applicable Lightning network fee.

The transaction is now part of your wallet history, so you can always review your sent and received payments directly in the app.

Your first Bitcoin payment – as simple as a scan and a few taps

As you can see, paying with Bitcoin is as simple as scanning a QR code and confirming the payment with a few taps. There are no bank details to enter, no card numbers to type in, and no complicated technical steps. With Lightning, the payment reaches the recipient within seconds – and your Coinsnap Wallet immediately shows the completed transaction.

RECEIVE BITCOIN WITH YOUR COINSNAP WALLET

The Coinsnap Wallet makes it easy to send and receive Bitcoin. After sending a payment in the first part of this guide, let’s now look at how to accept one.

You can create a payment request directly in the app and let the sender scan your QR code, or simply share your Lightning Address. In the following steps, we’ll show you how to accept Bitcoin with your Coinsnap Wallet and see the incoming payment appear in your wallet.

Step 1: Tap Receive

Open your Coinsnap Wallet and select the Personal or Business account you want to receive the Bitcoin payment with. Then tap Receive below your wallet balance.

Step 2: Set the Amount and Payment Reference

Your Lightning receive screen opens and displays your Lightning Address and QR code. If you simply want someone to send Bitcoin to your Lightning Address, you can share this QR code directly.

To request a specific amount, tap Amount / Note, enter the amount and, if desired, a payment reference, then tap Generate Invoice.

Step 3: Enter the Amount and Payment Reference

Enter the amount you want to receive. You can choose whether to enter the amount in sats or EUR – the wallet automatically displays the corresponding value in the other currency.

Optionally, enter a payment reference so you can identify the payment later in your transaction history.

When everything is correct, tap Generate Invoice to create the Lightning payment request.

Step 4: Share the Payment Request

Your Coinsnap Wallet now generates a Lightning payment request for the amount you entered. The amount, its current value in sats, and your payment reference are displayed above the QR code.

To receive the payment, you now have three ways to share the payment request with the payer:

Show the QR code

If the payer is with you, simply show them the QR code on your screen. They can scan it directly with their Bitcoin or Lightning wallet and make the payment.

Copy the payment request

If the payer is somewhere else, tap Copy to copy the Lightning payment request. You can then paste and send it using email, a messaging app, or any other communication method you prefer.

Share the payment request

Tap Share to open your smartphone’s sharing options and send the payment request directly using the available messaging, social media, email, or other sharing apps.

After tapping Share, your smartphone’s standard sharing menu opens. The payment QR code is prepared as an image and can now be sent directly to the payer using any of the sharing options available on your phone.

Simply select the app or contact you want to use – for example Messages, Mail, AirDrop, or another installed messaging or social media app. The payer receives the QR code and can scan it with their Bitcoin wallet to complete the payment.

As soon as the sender scans the QR code you’ve shown or sent them and approves the payment, the requested Bitcoin will be credited to your Coinsnap Wallet.

SEND AND RECEIVE BITCOIN – IT REALLY IS THAT SIMPLE

As you’ve seen, you can send and receive Bitcoin with the Coinsnap Wallet without any technical Bitcoin knowledge. To pay, scan a QR code, check the amount, and confirm. To get paid, create a payment request and show, copy, or share it with the payer.

With Lightning, payments arrive within seconds, while your wallet keeps your balance and transaction history right at your fingertips. No bank details, card numbers, Lightning node, or complicated configuration are required.

Whether you’re sending Bitcoin to someone or accepting a payment yourself, the Coinsnap Wallet turns everyday Bitcoin payments into what they should be: quick, convenient, and easy to use.

The Complete Coinsnap Bitcoin Wallet Guide

Everything you need to get started with the Coinsnap Bitcoin Wallet, Bitcoin POS, and the business management tools behind it is covered in our four-part Coinsnap Bitcoin Wallet Guide.

From installing your wallet and setting up your first POS and terminals to managing sales, transactions, orders, fees, accounting, and reporting, we have broken the complete process down into four practical step-by-step guides:

1. Coinsnap Bitcoin Wallet Setup: Install and Set Up Your Wallet — Install your Coinsnap Wallet, create your personal and business Lightning addresses, and get ready to receive Bitcoin.
2. How to Send and Receive Bitcoin with the Coinsnap Wallet — Pay for something with Bitcoin, or create a payment request for someone to pay you.
3. Coinsnap Bitcoin POS Setup: How to Set Up Your POS, Terminals and Products — Create your POS, connect your terminals, and configure your product catalogue.
4. Coinsnap POS Dashboard: The Cockpit of Your Bitcoin Business — Monitor your Bitcoin business, manage transactions and orders, choose how you receive your funds, and prepare the records you need for accounting and reporting.

From your first wallet setup to your first Bitcoin sale – and from that sale to your accounting records – these four guides give you everything you need to run your Bitcoin POS business with Coinsnap.

Why does Coinsnap use a prepaid credit balance?

If you want to know how to top up your Coinsnap credit, it helps to first understand why Coinsnap uses a prepaid credit balance in the first place.

Coinsnap never takes possession of the Bitcoin your customers pay you. When a customer makes a Bitcoin or Lightning payment, Coinsnap processes the payment request and forwards the payment directly from the customer to your connected Bitcoin wallet. Your Bitcoin does not pass through a Coinsnap account.

For this service, Coinsnap charges a 1% fee on successfully processed Bitcoin payments. Because Coinsnap never holds your Bitcoin, it cannot simply deduct this fee from the payment before sending it to you.

This is why Coinsnap uses a prepaid credit balance. As a merchant, you deposit credit into your Coinsnap account in advance. After each successful transaction, the 1% Coinsnap fee is deducted from this balance.

Your Coinsnap credit therefore contains only funds used to pay Coinsnap fees. It never contains the Bitcoin payments you receive from your customers.

If you don’t have a Coinsnap account yet, here’s how to open one in less than a minute!

Step 1: Open your Coinsnap balance

Log in to your Coinsnap account and go to Finances → Balance. Here you can see your current Coinsnap credit balance and start a new top-up.

The Balance page gives you an overview of your prepaid Coinsnap credit. At the top, you can see your current balance in sats and the Top Up button. Below, the Top-up History shows previous credit deposits, while the Transaction History records top-ups and fee deductions from your balance.

Step 2: Add credit to your balance

Click Top Up to open the Top Up Balance window. Choose how much credit you want to add to your prepaid balance: €5, €10, €20 or €50. If you want to add a different amount, select Custom and enter the amount yourself.

Remember that with Coinsnap’s 1% transaction fee, every euro of credit covers €100 in Bitcoin sales. A €10 top-up, for example, is enough for €1,000 in sales, while €50 covers €5,000. Before choosing your top-up amount, consider how much Bitcoin sales volume you expect over the next few weeks and add at least 1% of that expected sales volume to your Coinsnap credit.

Once you have selected your amount, click Continue to Payment.

Before creating the top-up payment, Coinsnap displays the company and address information that will appear on the invoice. Check the information and, if necessary, complete or update it. You can also enter your VAT ID. Then click Confirm & pay.

Coinsnap then creates a Bitcoin payment request for the selected top-up amount. You can pay it with Bitcoin on-chain or Lightning, either by scanning the QR code or by opening a compatible Bitcoin wallet directly.

Once the payment has been received, the corresponding amount is credited to your prepaid balance and becomes available for future Coinsnap fees. You can also see your completed top-up in the Top-up and Transaction History, where all credit deposits to your Coinsnap account are recorded.

Introduction: The Coinsnap POS Dashboard

Your Coinsnap POS is set up. Your terminals are active. Your products are ready – and customers are paying you with Bitcoin. So what happens behind the counter once your Bitcoin POS business is up and running?

This third and final part of our Coinsnap POS Wallet Guide is about exactly that.

While the Coinsnap Wallet and its terminals handle your day-to-day sales, the Coinsnap POS Dashboard is the cockpit of your Bitcoin business. It gives you the information and tools you need to stay on top of your sales, transactions, costs and business performance – and to turn your Bitcoin payment data into the documentation required for bookkeeping, accounting and tax reporting.

This guide therefore assumes that you have already installed your Coinsnap Wallet and configured your POS and terminals. As part of this setup, you have already created your Coinsnap account. This account is also your browser-based Coinsnap POS Dashboard – the business back office for the POS Wallet and terminals we are looking at in this guide. If you haven’t completed the setup yet, start with Parts 1 and 2 of our Coinsnap POS Wallet Guide.

In this article, we concentrate exclusively on what happens after your POS starts generating business: monitoring your sales and transactions, understanding your business numbers, and creating the records you need for accounting and tax reporting.

At a Glance: What Can You Do with the Coinsnap POS Dashboard?

Quick Facts

In short: your terminals are where you sell; the Coinsnap POS Dashboard is where you keep control of the business those sales generate.

Coinsnap POS Dashboard: Always Know How Your Bitcoin Business Is Performing

By default, the Coinsnap POS Dashboard shows the key business figures for all your stores over the last month, giving you an immediate overview of your Bitcoin POS activity.

If you want to analyse a specific store or a different period, simply use the store selector and date filter above the Dashboard. The displayed figures and charts will then update to match your selection.

You can see how much your customers have paid, how much has been settled, your settlement rate, average payment value, number of invoices, Coinsnap fees and network fees.

The visual reports underneath take you beyond the individual payment. Daily Revenue and Revenue Trend show how your Bitcoin sales are developing over time, while Invoice Status and Payment Methods provide additional insight into how customers are paying.

Instead of checking individual terminals to understand what happened during the day, week or month, the Dashboard gives you the numbers you need to assess your Bitcoin POS business from one place.

Transactions: Find and Document Every Payment in your Coinsnap POS Dashboard

The Transactions section gives you a detailed record of the payment activity generated by your Coinsnap business. While the main Dashboard shows your overall sales and payment performance, Transactions lets you drill down to the individual payment level.

For every transaction, you can see its payment and deposit status, customer and order information, date and time, amount in sats, corresponding fiat value, payment method, and receipt. Click View to inspect the details of a particular transaction.

The search and filter functions at the top help you find exactly the transactions you need. You can search for a specific payment or order, filter by payment status or payment method, or select a specific date range. This is useful when checking a customer payment, researching an individual sale, or reviewing transactions for a particular accounting period.

The Receipt link provides access to the receipt associated with a transaction. For further business processing and documentation, you can also print the transaction overview or export the transaction data as a CSV file. This makes the Transactions section particularly useful when payment information needs to be reviewed outside Coinsnap or passed on for further processing.

POS & Terminals: Your Connection to the Point of Sale

POS & Terminals is where the Dashboard connects with the actual selling environment: your POS configurations, terminals and product catalogue.

We won’t cover these functions again here. Part 2 of the Coinsnap POS Wallet Guide explains step by step how to configure your POS, connect terminals and create your product catalogue.

→ Read Part 2: Coinsnap Bitcoin POS Setup: How to Set Up Your POS, Terminals and Products

Once that setup is complete, the remaining sections of the Dashboard help you manage the business those terminals generate.

Orders: Keep Track of What You Sold

While Transactions gives you the payment record, Orders shows you the business transaction behind the payment: what you sold, when you sold it, how much the order was worth, and its current status.

In practical business terms, the two sections serve different purposes: Transactions keeps you up to date on your Bitcoin cash flow, while Orders gives your logistics and fulfilment teams the information they need to process, prepare, and deliver customer orders efficiently.

Open Orders under Bitcoin Tools in the Coinsnap POS Dashboard. The Orders overview lists all paid orders generated by your Coinsnap POS Wallet and any other Coinsnap Bitcoin Tools you use for the selected store..

For each order, you can see the order number, date, type, summary, total amount, and status. The Type column also shows where the order originated – for example, from a store or an event – while the Summary gives you an immediate overview of the products, services, or tickets included in the order.

This makes Orders particularly useful when you need to answer the business question behind a Bitcoin payment: What exactly did I sell?

Check the Details of an Order

Click an order in the overview to open its detailed view.

Coinsnap now shows you the individual products or services included in the order, together with their quantities and prices. You can also see the subtotal, any discount applied, and the final order total.

If customer or delivery information was collected with the order, it is displayed here as well. This gives you the information you need to identify the customer and, where applicable, process or fulfil the order.

The status displayed at the top lets you see the current state of the order at a glance.

Connect the Order with Its Bitcoin Payment

The order and its payment remain directly connected in the Coinsnap Dashboard. At the bottom of the order details, click View transaction to open the corresponding Bitcoin transaction.

This lets you move directly from the commercial side of the sale to its payment record whenever you need to verify or investigate it.

The distinction between the two Dashboard sections is simple:

Transactions tells you how the money is flowing. Orders tells you what needs to be fulfilled.

Together, they let you trace a sale from the products or services purchased all the way to the corresponding Bitcoin payment – while giving both your financial and operational teams the information they need to do their jobs.

Balance: Keep Your Coinsnap Fees Funded

Coinsnap is strictly non-custodial. When a customer pays you with Bitcoin, the payment goes directly from the customer’s wallet to your merchant wallet. Coinsnap never receives, holds, or takes custody of your Bitcoin.

This also means that Coinsnap cannot simply deduct its service fee from your incoming payments. Instead, Coinsnap uses a prepaid balance from which the fees for successfully processed payments are deducted.

When you open a Coinsnap account, Coinsnap provides you with an initial prepaid credit that covers the Coinsnap fees for your first €500 in Bitcoin sales. This means you can start accepting Bitcoin payments immediately without having to fund your fee balance first.

Once this initial credit has been used, you need to keep sufficient credit in your Coinsnap account to cover future Coinsnap fees.

Check and Top Up Your Prepaid Balance

Your current prepaid balance is always visible in the blue Prepaid Balance box at the top left of the Coinsnap Dashboard. Open Balance under Finances for a detailed view of your fee account.

Here you can see your current prepaid balance and account status as well as your Top-up History and Transaction History. The transaction history documents credits to the account and fee debits, so you can see how your prepaid balance changes over time. You can also filter the history or export the data as a CSV file.

If you need these records for your bookkeeping or tax declarations, you can export your complete top-up and fee transaction history as a CSV file at any time and pass it on to your accountant or tax adviser.

To add credit, click Top Up either in the blue Prepaid Balance box in the Dashboard navigation or at the top right of the Balance page.

Coinsnap then asks you how much you want to add. You can select one of the predefined amounts – €5, €10, €20 or €50 – or enter a custom amount. Click Continue to Payment to proceed.

Before creating the top-up payment, Coinsnap displays the company and address information that will appear on the invoice. Check the information and, if necessary, complete or update it. You can also enter your VAT ID. Then click Confirm & pay.

Coinsnap creates a Bitcoin payment request for the selected top-up amount. You can pay it with Bitcoin on-chain or Lightning, either by scanning the QR code or by opening a compatible Bitcoin wallet directly.

Once the payment has been received, the corresponding amount is credited to your prepaid balance and becomes available for future Coinsnap fees.

This system allows Coinsnap to charge for its service without ever taking custody of the Bitcoin your customers pay you.

Commissions: See What You Earn from Referrals

If you use your Coinsnap referral code to recommend Coinsnap to other merchants, Commissions shows the commissions generated by those referrals.

The section gives you an overview of your referral earnings:

→ Learn more about the Coinsnap Referral Program

Accounting: Bring Your Bitcoin Sales into Your Bookkeeping

Accepting a Bitcoin payment and accounting for the resulting sale are two different business processes.

The Accounting section helps bridge that gap.

It provides the transaction information generated by your Coinsnap business in a form that can be used for your bookkeeping and financial administration. This allows you to transfer the relevant information from your Bitcoin POS operation into your normal accounting processes or make it available to your accountant or bookkeeper.

Your accountant does not need to work at your POS terminal to understand your Bitcoin sales. The Dashboard provides the business records behind them.

Reports: Document Your Bitcoin Business for Accounting and Taxes

While the Dashboard helps you monitor your business and Transactions lets you inspect individual payments, Reports provides the bigger picture for a defined reporting period.

This is particularly useful when your Bitcoin sales need to leave the operational environment of the POS and become part of your regular business documentation.

Reports can support periodic bookkeeping, management reporting, year-end accounting and the preparation of information required by your accountant or tax adviser for tax declarations.

Setting: Choose How You Receive Your Bitcoin Sales

Once customers start paying through your Coinsnap POS, you need to decide where Coinsnap should send the funds you receive. Go to Settings → Deposit in your Coinsnap Dashboard to choose and configure your deposit method.

Coinsnap gives you three options. With Lightning, your Lightning payments are sent directly to the Lightning address you have configured. This is the simplest option if you want to receive and keep your sales via Lightning.

Choose Lightning + Bitcoin if you also want to accept Bitcoin on-chain. Lightning payments continue to go to your Lightning address, while on-chain payments are sent directly to addresses derived from the xPub you provide. This allows your POS to accept both payment methods while the funds still go directly to wallets you control.

The third option is Bank. This is for merchants who want to convert their Bitcoin sales into fiat and receive EUR or CHF directly to their IBAN. Coinsnap works with external off-ramp partners such as DFX, Bringin and Wave for this purpose. Instead of keeping the received Bitcoin, the off-ramp converts the payment and settles the corresponding fiat amount to your bank account according to the conditions of the selected service.

Whichever route you choose, you configure it under Settings → Deposit. Select the deposit method you want to use, enter the required wallet, xPub or bank information, and activate it. The currently active deposit method is clearly marked in the Dashboard, and you can return here whenever you need to change how your Coinsnap payments are settled.

From Bitcoin Sale to Business Record: Your Complete Workflow – in your Coinsnap POS Dashboard

Once your POS and terminals are running, the Coinsnap POS Wallet and Dashboard form one continuous business process: Your Coinsnap terminal(s) takes care of the payment at the counter. The Coinsnap POS Dashboard gives you the cockpit you need to manage the business behind it.

SELL: Accept the customer’s Bitcoin payment with your Coinsnap terminal.

MONITOR: Use the Dashboard to see sales, settlements, costs and performance.

VERIFY: Use Transactions whenever you need the details of an individual Bitcoin payment.

ACCOUNT: Use the accounting data generated by your Coinsnap business for bookkeeping and financial administration.

REPORT: Create the records your business, accountant or tax adviser needs for the relevant reporting period.

The Coinsnap Wallet starts as something deliberately simple: a modern Bitcoin wallet that lets you receive and send Bitcoin without making everyday payments unnecessarily complicated.

But for merchants, that is only the beginning.

Activate the merchant features and the same wallet becomes a complete Bitcoin POS environment built around the way a business actually works. You can create POS locations and terminals, build product catalogues, accept Bitcoin at the counter, and keep track of the orders those sales generate. Your Dashboard then gives you the business side of every payment: sales performance, transactions, orders, settlements, fees, accounting data and reports.

And you decide what happens to the money.

Receive your sales directly to your Lightning wallet. Add Bitcoin on-chain settlement to a wallet you control through your xPub. Or use the bank settlement option when your business needs EUR or CHF instead of Bitcoin.

At the same time, Coinsnap remains strictly non-custodial. Customer payments are not collected in a Coinsnap merchant account waiting for you to withdraw them. They go directly to the destination you have configured. Even Coinsnap’s own fees are handled separately through the prepaid balance precisely so that Coinsnap does not have to take its fee out of money it holds on your behalf.

That combination is what makes the Coinsnap POS Wallet different.

A wallet in your pocket. A Bitcoin terminal at your counter. A business cockpit in your browser.

The interface remains simple enough to take a Bitcoin payment in seconds, while behind it sits the infrastructure a serious merchant needs to turn those payments into an actual business process – from selling and monitoring to verification, fulfilment, accounting and reporting.

Coinsnap was not designed by taking a conventional payment processor and adding a Bitcoin button. It was designed around Bitcoin and around the merchant. The result is a POS Wallet in which payment, self-controlled settlement and business administration work together as one system – without forcing the merchant to become a Bitcoin technician just to accept Bitcoin.

That is ultimately what this three-part Coinsnap POS Wallet Guide has been about:

Install your wallet. Set up your business. Start selling. And let Coinsnap take care of the business infrastructure behind your Bitcoin payments.

The Complete Coinsnap Bitcoin Wallet Guide

Everything you need to get started with the Coinsnap Bitcoin Wallet, Bitcoin POS, and the business management tools behind it is covered in our four-part Coinsnap Bitcoin Wallet Guide.

From installing your wallet and setting up your first POS and terminals to managing sales, transactions, orders, fees, accounting, and reporting, we have broken the complete process down into four practical step-by-step guides:

1. Coinsnap Bitcoin Wallet Setup: Install and Set Up Your Wallet — Install your Coinsnap Wallet, create your personal and business Lightning addresses, and get ready to receive Bitcoin.
2. How to Send and Receive Bitcoin with the Coinsnap Wallet — Pay for something with Bitcoin, or create a payment request for someone to pay you.
3. Coinsnap Bitcoin POS Setup: How to Set Up Your POS, Terminals and Products — Create your POS, connect your terminals, and configure your product catalogue.
4. Coinsnap POS Dashboard: The Cockpit of Your Bitcoin Business — Monitor your Bitcoin business, manage transactions and orders, choose how you receive your funds, and prepare the records you need for accounting and reporting.

From your first wallet setup to your first Bitcoin sale – and from that sale to your accounting records – these four guides give you everything you need to run your Bitcoin POS business with Coinsnap.

Introduction

Coinsnap Bitcoin POS Setup is the process of getting your business ready to accept Bitcoin payments at a physical Point of Sale. Coinsnap Wallet includes an integrated Bitcoin Point of Sale for merchants. A smartphone, tablet or compatible POS device can become a payment terminal without requiring a separate Point of Sale app.

For merchants who want additional business functionality, Coinsnap Wallet can be connected to a Coinsnap Merchant Account. The Merchant Account provides central management for Points of Sale, terminals, products, orders, reporting and employee payment devices.

In this guide, we will set up the merchant environment through the Coinsnap Dashboard. You will learn how to:

• create a Point of Sale
• create and configure payment terminals
• build a Product Catalog
• configure tips and Bitcoin discounts
• connect employee devices
• decide between a paired employee terminal and Kiosk Mode

By the end of this tutorial, you’ll have a fully configured Bitcoin POS that is ready to accept Bitcoin payments from your customers.

Whether you’re running a café, restaurant, retail store, market stall or service business, the setup process only takes a few minutes and requires no technical expertise.

This guide focuses specifically on configuring your Point of Sale, terminals and Product Catalog. For monitoring transactions, orders and reporting after your POS is running, see Coinsnap POS Dashboard: The Cockpit of Your Bitcoin Business.

At a Glance

Quick Facts

Key Takeaway

A Coinsnap Bitcoin POS consists of several connected components: your Merchant Account, Point of Sale, one or more terminals, the physical devices operating those terminals and your Product Catalog.

A Point of Sale can have multiple terminals. A terminal belongs to a Point of Sale. A device can be connected to a terminal.

Understand Your Coinsnap Bitcoin POS

Before creating your first Point of Sale, it’s helpful to understand how the Coinsnap merchant system is structured.

Merchant Account

The Coinsnap Merchant Account is the central business environment used to manage Points of Sale, terminals, orders and reporting.

Point of Sale (POS)

A Point of Sale is a sales environment such as a shop, café, restaurant, event or other business location. A Point of Sale contains its products, checkout settings and terminals.

Terminal

A terminal is an individual checkout or payment location belonging to a Point of Sale. A POS can have multiple terminals, for example Main Register, Bar, Entrance or Waiter 1.

Device

A device is the physical smartphone, tablet, iPad or compatible POS device used by an employee to operate a terminal.

Product Catalog

The Product Catalog contains the products, categories and prices available to terminals connected to the Point of Sale.

A business can use one Point of Sale with multiple terminals or create several Points of Sale for different locations or business units. The Merchant Account provides central administration, while Coinsnap Wallet can be connected to the Merchant Account for mobile access and Point of Sale operation.

Your Coinsnap Bitcoin POS organizes the products, settings and payment activity associated with that sales environment. Payments accepted by staff remain associated with the appropriate terminal, helping you understand where individual orders and transactions were created.

The Merchant Account also provides access to merchant tools where you can monitor sales, review transactions, analyze payment activity, export accounting data and access information needed to run your business efficiently.

Most small businesses may only need one Point of Sale. A café, restaurant, retail store, market stall or service business can use one POS with multiple payment terminals simultaneously. You decide how many terminals you need — one for each checkout counter, employee, mobile staff member or other sales location.

You can also create several Point of Sale environments. This is useful if your business operates several stores, restaurants, cafés, events or business units and you want to keep their terminals and Product Catalogs organized separately.

Create Your First POS in the Coinsnap Dashboard

1: Start the POS Setup in Your Coinsnap Dashboard

Sign in to your Coinsnap Merchant Account Dashboard and open PoS & Terminals. If no Point of Sale has been created yet, use Quick Setup or + New PoS to create the first one.

2: Open Your Point of Sale Settings

Once the setup is complete, your new Point of Sale appears in the PoS & Terminals overview together with its first terminal.

Click Edit in the Point of Sale field to open the POS configuration. There, you can customize your Point of Sale, including its name, currency, payment settings, product categories and Product Catalog.

3: Configure Your Point of Sale

The Edit Point of Sale page contains the settings you need to customize your POS for your business.

Start by entering a recognizable name, selecting your preferred currency, and deciding whether this should be your default POS.

You can then configure optional checkout settings, such as a redirect URL, automatic redirection after payment, and collecting the customer’s email address.

You can also add your logo, offer customers a Bitcoin discount, and enable tipping, including the option to round up the payment amount.

Further down the page, you can create product categories and add individual products to build your Product Catalog. You’ll find detailed instructions for this later in this guide.

Once you’ve configured your POS, click Save to apply your settings.

Your First Point of Sale Is Ready

Congratulations! Your first Point of Sale — Demo Point of Sale — has now been created and configured successfully.

Your new Point of Sale is now part of your Coinsnap Merchant Account. When Coinsnap Wallet is connected to the same Merchant Account, the Point of Sale and its terminals can also be accessed from the Wallet’s merchant functions.

To connect Coinsnap Wallet to the Merchant Account, open Settings → Connections → Merchant Account and complete the connection process.

However, a POS alone cannot accept payments. To start selling products and accepting Bitcoin payments, you need at least one terminal connected to your POS.

In the next section, we’ll show you how to create and configure your first Coinsnap Terminal.

Create and Configure Your First Terminal

A terminal represents an individual checkout or payment location inside a Point of Sale. One POS can have several terminals, for example Main Register, Bar, Counter 1, Waiter 1 or Merchandise.

Each terminal inherits the relevant products and settings from its Point of Sale while payments and orders remain assigned to that terminal for merchant administration and reporting.

To add another terminal to your POS, click + New Terminal. You can use either the button at the top right of the PoS & Terminals page or the + New Terminal button directly below your existing terminal.

Enter a name for the new terminal and save it.

To change the name or settings of the default terminal, click the pencil icon on the right of the respective terminal.

How to Configure Your Terminal

In the next screen, you can configure your terminal and assign it to the appropriate Point of Sale.

Enter a descriptive Terminal Name, such as Waiter 1, and select the Point of Sale the terminal should belong to.

A terminal can optionally have its own Lightning Tip Address. This is useful when tips collected at a specific terminal should be sent directly to an employee’s Bitcoin wallet.

For example, a terminal called “Waiter 1” can use that employee’s Lightning Address as the tip destination.

If no terminal-specific Lightning Tip Address is configured, tips are handled according to the Point of Sale’s configured tipping settings.

Click Save to finish configuring your terminal.

Your Terminal Is Ready

Your newly configured terminal now appears under its assigned Point of Sale.

From here, you can view, copy, display the QR code or pair the terminal with a device. You can also edit the terminal at any time using the pencil icon or add additional terminals with + New Terminal.

At the end of this guide, we’ll show you how to connect individual terminals to employee devices and how to use Kiosk Mode for dedicated merchant-owned payment devices.

Find and Use a Terminal in Coinsnap Wallet

Open the Point of Sale in Coinsnap Wallet and select the terminal you want to use.

The terminal is where your staff accepts Bitcoin payments from customers.

Depending on how you’ve configured your Point of Sale, you can either enter the payment amount manually using the built-in keypad or select products directly from your Product Catalog.

Once the sale is ready, create the payment request for your customer.

If your business operates multiple terminals, each employee can use their assigned terminal. Every terminal uses the products, pricing and settings inherited from its linked Point of Sale, ensuring a consistent checkout experience across your business.

In the next section, we’ll show you how to create a Product Catalog, organize products into categories and make checkout faster and easier.

Create Your Product Catalog

With your Point of Sale and payment terminal now configured, the next step is creating your Product Catalog.

By organizing your products into categories and adding them to your POS, you can complete customer purchases with just a few taps instead of entering payment amounts manually, making checkout faster, easier and less prone to errors.

Two Ways to Create Your Product Catalog

Coinsnap gives you two convenient ways to create and manage your Product Catalog.

The recommended method is to use the Coinsnap Dashboard in your web browser. Creating products on a desktop or laptop is faster and more comfortable, especially if you’re adding many products, categories or prices.

Alternatively, you can create and edit your Product Catalog directly in Coinsnap Wallet on your smartphone or tablet. This is particularly useful when you’re on the go or only need to add or update a few products.

Both methods are synchronized. Changes made through the Coinsnap Dashboard become available in the connected Coinsnap Wallet and terminals.

We’ll now show you how to create product categories and products in the Coinsnap Dashboard.

Create Your Product Catalog in the Coinsnap Dashboard

The Coinsnap Dashboard is the fastest and most convenient way to build your Product Catalog. Using a desktop or laptop computer, you can quickly create product categories, add products, set prices and keep your catalog organized.

Step 1 – Open PoS & Terminals

After signing in to your Coinsnap Dashboard, open PoS & Terminals from the navigation menu on the left-hand side.

Open the Point of Sale you want to edit.

Step 2 – Create Product Categories

Scroll down to the Categories section of the Point of Sale configuration page.

To create your first product category, click + Add Category.

Now enter the names of the product categories you want to use in your Point of Sale.

Step 3 – Add Products

For each product, enter a product name, price and a unique SKU where required. Then assign the product to one of the categories you created.

Repeat this process for all the products you want to sell. Once you’ve finished, click Save.

Your Product Catalog will be synchronized with the terminals connected to this Point of Sale, allowing your staff to select products during checkout.

Step 4 – Choose Product Icons

Product icons can be selected in Coinsnap Wallet. Open Settings → Connections → Merchant Account → Manage PoS, select the Point of Sale and edit the relevant product.

Tap the icon above the product name you want to change.

You will see an icon selector offering a range of icons organized into categories such as Food, Drinks, Retail and Services. Simply tap the icon that best represents your product. You can also use the search field to quickly find a suitable icon.

Once your categories and products are complete, tap Update Point of Sale to save your changes and make the updated Product Catalog available in your terminal.

Step 5 – Check the Product Catalog in the Terminal

Open the Point of Sale terminal and select Products. Verify that categories, product names, prices and icons are displayed correctly.

The visual product cards make it much easier to identify and select items quickly during checkout, especially when you’re working with a larger Product Catalog.

Start Selling with Your New Product Catalog

Your Product Catalog is now ready. Open the Point of Sale in Coinsnap Wallet or on the paired terminal device.

For a manual payment, enter the amount using the keypad. For a product-based sale, open Products, select the items the customer wants to purchase and continue to checkout.

Coinsnap then creates the Bitcoin payment request. Show the payment QR code to the customer and wait until Coinsnap confirms the payment successfully before providing the goods or services.

Congratulations! Your Coinsnap Bitcoin Point of Sale is now fully configured and ready for business.

Connect a Terminal to an Employee Device

A terminal can be connected to an employee’s smartphone or other device. This allows the employee to accept payments for the assigned Point of Sale while orders remain associated with the correct terminal in the Merchant Account.

You can complete the pairing process directly from Coinsnap Wallet.

Step 1: Select the Terminal You Want to Assign

In Coinsnap Wallet, go to Settings → Connections → Merchant Account → Manage PoS.

Select the relevant Point of Sale, find the employee terminal and choose Pair.

Step 2: Pair the Employee Device

Coinsnap displays a QR code and a temporary pairing code.

The employee can scan the QR code or enter the pairing code on the device that should operate the terminal.

The pairing code is temporary, so the employee should complete the pairing while the code is still active.

Step 3: Open the Terminal on the Employee Device

A paired employee terminal is useful when an employee should accept customer payments on their own smartphone or another browser-enabled device without receiving access to the merchant’s Wallet, balances or administrative settings.

The employee can use the assigned terminal to enter amounts or select products and create customer payment requests.

The terminal is browser-based, so there is no additional app to install. We recommend that the employee bookmarks the terminal page or adds it to their browser favorites so they can quickly return to the terminal whenever they need it.

Once paired, each employee can use the assigned terminal on their device while payments and transactions remain associated with the corresponding Point of Sale in the Coinsnap Merchant Account.

If a terminal-specific Lightning Tip Address has been configured, tips collected through that terminal can be sent to the employee’s Bitcoin wallet.

Use Kiosk Mode for a Dedicated Employee Payment Device

Pairing a browser-based terminal is not the only way to provide employees with access to a Point of Sale. Coinsnap Wallet also includes Kiosk Mode for dedicated merchant-owned payment devices.

Kiosk Mode turns a smartphone, tablet, iPad or compatible Android POS device into a restricted Bitcoin payment terminal. Employees can use the assigned Point of Sale while access to the Wallet, balances, settings and Merchant Account administration remains protected.

Kiosk Mode is particularly useful for cashiers, waiters, shop employees and temporary event staff when the merchant provides the payment device.

A PIN protects access when leaving Kiosk Mode. Kiosk Mode requires a connected Coinsnap Merchant Account and an existing Point of Sale terminal.

Learn how to set up Coinsnap Kiosk Mode →

Paired Employee Terminal vs. Kiosk Mode

Pairing and Kiosk Mode solve different operational needs. Pairing is useful for connecting an employee device to a terminal, while Kiosk Mode is designed to lock a merchant-owned device into a restricted Point of Sale environment.

Coinsnap POS Fees

Coinsnap charges merchants a 1% transaction fee for successfully processed payments through Coinsnap merchant infrastructure.

This fee is charged separately against the merchant’s prepaid Coinsnap credit. It is not deducted from the Bitcoin payment received by the merchant.

Wallet- or network-related costs are separate from the Coinsnap merchant fee. If a merchant uses a third-party fiat settlement provider, that provider may also charge separate conversion, spread or payout fees.

Continue with Coinsnap Wallet and Merchant Tools

This guide focuses on setting up your Point of Sale, terminals and Product Catalog. For other Coinsnap Wallet and merchant functions, use the following current guides:

Coinsnap Wallet – Get Started

Learn how to create and manage wallets, use Bitcoin and Digital Dollars, configure Stable Balance and connect a Merchant Account.

Coinsnap Wallet FAQ

Find short answers to common Wallet and Point of Sale questions.

Coinsnap Kiosk Mode

Learn how to configure a dedicated restricted payment terminal for employees.

Coinsnap POS Dashboard

Learn how to monitor orders, transactions, sales activity and reporting.

Frequently Asked Questions

Do I need a separate app for Coinsnap Point of Sale?

No. Point of Sale functionality is integrated into Coinsnap Wallet. A smartphone, tablet or compatible POS device can be used as a Bitcoin payment terminal.

Do I need a Coinsnap Merchant Account?

A Merchant Account is required for the centralized merchant functions described in this guide, such as managing Points of Sale, multiple terminals, employee devices, orders, reporting and Kiosk Mode.

Can one Point of Sale have multiple terminals?

Yes. A Point of Sale can have multiple terminals, for example one for each checkout, employee, bar, counter or sales area.

Can employees accept payments without access to my Wallet?

Yes. You can connect an employee device to a terminal or use Kiosk Mode. These options allow employees to accept customer payments without giving them normal access to the merchant’s Wallet balances and administration.

Can employees receive their own tips?

A terminal can be configured with a Lightning Tip Address. This can be used to send tips collected through that terminal to the employee’s Bitcoin wallet.

What is the difference between a Point of Sale and a terminal?

A Point of Sale represents the overall sales environment and contains products, payment settings and terminals. A terminal is an individual checkout or payment location belonging to that Point of Sale.

Can I use several Points of Sale?

Yes. A Merchant Account can manage multiple Point of Sale environments, for example for different stores, locations, events or business units.

Does Coinsnap split a POS payment between Bitcoin and a bank account?

No. Each Coinsnap Store uses one configured settlement destination at a time. Coinsnap does not automatically split an individual payment between a Bitcoin wallet and a fiat settlement provider.

Introduction

Getting started with the Coinsnap Bitcoin Wallet only takes a few minutes. Whether you’re using an iPhone or an Android smartphone, the setup process is straightforward and requires no technical knowledge.

In this guide, we’ll walk you through every step—from downloading the app to creating your wallet and securing it with an optional backup. Once you’ve completed these steps, your wallet will be ready to receive Bitcoin payments via both the Lightning Network and the Bitcoin blockchain.

This guide covers only the wallet installation and initial setup. Creating a Point of Sale, adding products, and configuring payment terminals are covered in this tutorial.

Coinsnap Wallet features at a glance

Before You Begin

Before installing the Coinsnap Wallet, make sure you have:

• an iPhone or Android smartphone
• an internet connection
• access to your email address
• about five minutes of time

No Bitcoin experience is required.

Step 1: Download the Coinsnap Wallet

Download the Coinsnap Bitcoin Wallet from your device’s official app store. Simply scan the QR code above or search for “Coinsnap Bitcoin Wallet” in the Apple App Store or Google Play Store.

Tap install [1] and wait until the download has completed. Now launch the Coinsnap Bitcoin Wallet [2]:

Step 2: Create your wallet

You’ll be welcomed by the start screen.

Tap Create New Wallet.

Step 3: Choose Your Lightning Addresses

As part of the setup process, you’ll create two Lightning Addresses—one for your personal account and one for your business account.

Personal Lightning Address

First, choose your Personal Lightning Address. This address is intended for receiving Bitcoin from friends, family, or anyone sending you a personal payment.

Simply enter your preferred username. If it’s available, tap Claim Address to reserve it. If your preferred name has already been taken, choose another one or use the automatically generated address suggested by the app.

Business Lightning Address

Next, choose your Business Lightning Address. This is the payment address you’ll use to receive Bitcoin from customers through your business.

As with your personal address, enter your preferred business name, check its availability, and tap Claim Address. Alternatively, you can keep the automatically generated address.

Lightning Addresses work much like email addresses. Instead of sharing long Lightning invoices or payment strings, you can simply tell someone to send Bitcoin to addresses such as:

• yourname@coinsnap.app
• yourshop@coinsnap.app

This makes receiving Bitcoin payments simple, memorable, and easy to share.

Your Coinsnap Wallet Is Ready

Once you’ve claimed your Lightning Addresses, your Coinsnap Bitcoin Wallet is fully set up and ready to use.

Your wallet includes two separate accounts:

• Personal – for your private Bitcoin and Lightning transactions.
• Business – for receiving and managing business payments.

In addition, Coinsnap automatically prepares the integrated merchant environment, including the Point of Sale (PoS) and terminal functionality. There is nothing you need to configure at this stage—we’ll cover these merchant features in a separate guide.

Your wallet is now ready to send and receive Bitcoin over the Lightning Network. No blockchain synchronization, Lightning node setup, or other technical configuration is required.

Optional but Highly Recommended: Back Up Your Wallet

Your Coinsnap Bitcoin Wallet is now ready to use. Before you start receiving Bitcoin, you should create a secure backup of your wallet.

The backup consists of a Recovery Phrase (also called a Seed Phrase)—a list of secret words that can restore your wallet if your phone is ever lost, stolen, or damaged.

Open the Wallet Settings

From the Wallet screen, tap the menu icon in the upper-right corner to open Settings [1].

Open the Recovery Phrase

In Settings, locate the Recovery Phrase section under Security and tap Backup [2].

Verify and Store Your Recovery Phrase

The wallet will display your Recovery Phrase:

You will then be asked to verify it – just enter the three respective words.

Then write the words down in the correct order and store them in a safe offline location, such as a secure drawer or a fireproof safe. Do not take screenshots, save the words in cloud storage, or send them by email or messaging apps.

Once you have successfully verified your Recovery Phrase, your wallet backup is complete.

Your Coinsnap Bitcoin Wallet Is Ready

Congratulations! Your Coinsnap Bitcoin Wallet is now fully configured and protected.

You can now:

• Send and receive Bitcoin over the Lightning Network.
• Use your Personal and Business Lightning Addresses.
• Switch between your Personal and Business wallets.
• Start using your wallet immediately.

In our next guide, we’ll show you how to set up your first Coinsnap Point of Sale, connect a terminal, and start accepting Bitcoin payments from customers.

All About the Coinsnap POS Wallet

Everything you need to get started with the Coinsnap Wallet, Bitcoin POS, and the business management tools behind it is covered in our three-part Coinsnap POS Wallet Guide.

From installing your wallet and setting up your first POS and terminals to managing sales, transactions, orders, fees, accounting, and reporting, we have broken the complete process down into three practical step-by-step guides:

1. Coinsnap Bitcoin Wallet Setup: Install and Set Up Your Wallet — Install your Coinsnap Wallet, create your personal and business Lightning addresses, and get ready to receive Bitcoin.
2. Coinsnap Bitcoin POS Setup: How to Set Up Your POS, Terminals and Products — Create your POS, connect your terminals, and configure your product catalogue.
3. Coinsnap POS Dashboard: The Cockpit of Your Bitcoin Business — Monitor your Bitcoin business, manage transactions and orders, choose how you receive your funds, and prepare the records you need for accounting and reporting.

From your first wallet setup to your first Bitcoin sale – and from that sale to your accounting records – these three guides give you everything you need to run your Bitcoin POS business with Coinsnap.

The Complete Coinsnap Bitcoin Wallet Guide

Everything you need to get started with the Coinsnap Bitcoin Wallet, Bitcoin POS, and the business management tools behind it is covered in our four-part Coinsnap Bitcoin Wallet Guide.

From installing your wallet and setting up your first POS and terminals to managing sales, transactions, orders, fees, accounting, and reporting, we have broken the complete process down into four practical step-by-step guides:

1. Coinsnap Bitcoin Wallet Setup: Install and Set Up Your Wallet — Install your Coinsnap Wallet, create your personal and business Lightning addresses, and get ready to receive Bitcoin.
2. How to Send and Receive Bitcoin with the Coinsnap Wallet — Pay for something with Bitcoin, or create a payment request for someone to pay you.
3. Coinsnap Bitcoin POS Setup: How to Set Up Your POS, Terminals and Products — Create your POS, connect your terminals, and configure your product catalogue.
4. Coinsnap POS Dashboard: The Cockpit of Your Bitcoin Business — Monitor your Bitcoin business, manage transactions and orders, choose how you receive your funds, and prepare the records you need for accounting and reporting.

From your first wallet setup to your first Bitcoin sale – and from that sale to your accounting records – these four guides give you everything you need to run your Bitcoin POS business with Coinsnap.

Refer a Customer and Earn Credit with Coinsnap

With the “Refer a Customer” program, Coinsnap rewards recommendations from its existing merchants. When you share Coinsnap with someone and a new merchant signs up through your personal referral link or referral code, both of you benefit.

How the Coinsnap Referral Program works

After registration, every Coinsnap merchant receives a personal referral link, which can be found in the Coinsnap dashboard under Finances → Referral.

Here is an example of a referral link:

https://coinsnap.io/?ref=REFf5c17111c1

And here is the corresponding referral code:

REFf5c17111c1

You can share either the full link or just the code.

Automatic attribution via the referral link

When a new merchant visits the Coinsnap website through your personal referral link, the referral code is applied automatically. During sign-up, there is no need to enter the code manually.

The bonus credit for the new merchant and the attribution to you as the referrer are both handled automatically.

The benefit for the new merchant

When a new merchant signs up through your referral link, or enters your referral code during registration, they receive €5 in sats credited to their Coinsnap Customer Account.

Together with the regular €5 starting credit, the new merchant gets a total of €10 in credit to test Coinsnap more extensively.

This makes it easier to get started and gives new users more room to explore Coinsnap in practice.

The benefit for the referrer

Sharing your referral link or code also benefits you as the referrer.

Once the merchant you referred decides to continue using Coinsnap and tops up their own Coinsnap Customer Account with at least €5, you also receive €5 in sats credited to your own Customer Account.

This means Coinsnap rewards not only sign-ups, but also successful and active referrals.

Easy to share, rewarding for both sides

You can share your personal referral link directly or simply pass on the referral code. If the new merchant uses the link, the referral is tracked automatically. If they only use the code, they can enter it during registration.

This creates a simple referral model that benefits everyone involved: new merchants receive extra credit to get started, and existing merchants are rewarded for successful referrals.

Step 1: Choose BTCPay Server as Your Payment Gateway

Go to your plugin settings [1], and choose BTCPay Server as your payment gateway [2].

Step 2: Enter the Required BTCPay Server Credentials

Now you need to enter your BTCPay Server URL [1], generate an API Key [2], and enter your BTCPay Server Shop ID [3] and API Key [4]. If you follow the next step, Coinsnap’s BTCPay Server wizard will complete the final two tasks for you.

We’ll now show you how to get this done.

Step 3: Get Your BTCPay Store ID and Your BTCPay API Key Filled In

Log in to your BTCPay server.

Once you have done this, enter the URL of your BTCPay Server in the Server URL field [1, image above]. Next, click the Generate API Key button [2, image above]. This starts the BTCPay wizard, which automatically retrieves your BTCPay Store ID [3, image above] and API Key [4, image above] and fills them into your plugin settings.

As soon as you enter your BTCPay Server URL, you will be redirected to your BTCPay Server. Select your Store [1] and then click Continue [2].

On the following screen, enter the name of your store at the top [1] and then click Authorize App [2].

Done

Your BTCPay Server is now successfully connected to your online store via the Coinsnap plugin. (Look for the green success indicator!)

Prerequisites

Before you start to connect your Coinsnap plugin with your Coinsnap account, make sure the following requirements are met:

• You have an active Coinsnap account (how to open an account)
• You have installed and activated a Coinsnap plugin on your WordPress website (how to install and activate a Coinsnap plugin in WordPress or in GitHub)
• You are logged in to your WordPress admin dashboard

If you haven’t created a Coinsnap account yet, do that first and complete the initial setup (store name and wallet connection).

Step 1: Log in to Your WordPress Admin Area

Open your WordPress backend and navigate to Plugins to ensure the Coinsnap plugin you want to use is installed and activated.

Once activated, you’ll find a new Coinsnap entry in your WordPress menu or under the settings section of the specific plugin (for example: Donation, Invoice, Voting, Paywall, or Web POS).

Step 2: Open the Coinsnap Plugin Settings

Note: This guide applies to WordPress plugins only. If you use a different website platform, please refer to the relevant installation guide.

Find the plugin in the left sidebar of your WordPress dashboard and click Settings.

Step 3: Connect the Plugin to Your Coinsnap Account

To connect your plugin to your Coinsnap account, select Coinsnap as your payment gateway [1], then enter your Coinsnap Store ID [2] and your Coinsnap API Key [3].

Step 4: How to Retrieve Your Coinsnap Store ID and Your API Key

In your Coinsnap dashboard, go to Finances -> Settings [1], then Store [2]. Now you can copy your Store ID [3] and API Key [4].

Step 5: Paste Store ID and API Key into plugin settings

After copying the Store ID and API Key paste them into the respective fields in your plugin [1], then click Save [2]. After a few seconds, a small green success notice will appear [3].

Next Steps

Your Coinsnap plugin is now connected to your payment gateway and ready to forward Bitcoin payments directly from your customer’s wallet to your own wallet.

We explain all additional settings—such as labels, texts, colors, and other customization options—in the user guides for the respective plugins.

Step 1: How to Find the Coinsnap Module You Need on GitHub

Open your web browser and go to github.com/coinsnap [1].

You will see a list of all Coinsnap repositories, each corresponding to a specific shop system or platform:

Step 2: Locate the repository that matches your shop system

For example: you are looking for the Coinsnap for Shopware module. In this case, click here:

Click on the repository name to open the module’s GitHub page. Make sure you select the correct module for your shop system to ensure proper compatibility and functionality.

Step 3 — Download the module as a ZIP file

On the GitHub repository page, click the Code button:

Select and Download ZIP, and save the ZIP file to your local computer.

This ZIP file contains the full Coinsnap module source code required for installation.

Done

You now have the ZIP file containing the Coinsnap module and can proceed with the platform-specific instructions to install it into your shop system.

All our Installation Guides are here.