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Author Topic: Simple question about coinpayments/Bitpay.  (Read 28 times)
AdolfinWolf
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March 10, 2018, 12:13:49 PM
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If i were to use coinpayments for my business, would i be able to instantly liquidate the funds once they are confirmed by coinpayments to fiat, or do i then need to withdraw them to coinbase etc.
How does it exactly work? Anyone that has any experiences with this?

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March 10, 2018, 12:48:38 PM
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I at least know that with BitPay, all incoming Bitcoin sales will automatically be converted to fiat, which is a service that requires a 1% fee per transaction. You could even choose to partly keep Bitcoin, and have the other part be converted to fiat as usual, but that's up to you and your confidence in the market. Great thing is that bank settlements occur on a daily basis, which is great if you need a constant flow of liquidity. I am not exactly sure how things work with CoinPayments when it comes to fiat conversions, so that's something an other member needs to explain in detail.

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