You want to accept Bitcoin, but prefer to get paid to your bank account in euros? If you’re curious about offering Bitcoin at checkout—but have zero interest in managing wallets, volatility, or crypto accounting—this guide is for you.
With Coinsnap, customers pay in Bitcoin while the merchant chooses how the store receives the payment value. Each Coinsnap Store uses one configured settlement destination at a time:
- a Bitcoin wallet, such as a Lightning Address or on-chain Bitcoin address, or
- a supported third-party settlement provider that converts the Bitcoin payment into fiat and provides the corresponding bank settlement.
For bank settlement, supported currencies, countries, fees, payout times and verification requirements depend on the selected provider. Coinsnap currently supports integrations with DFX, Wave.space, Bringin and Strike.
In this post, we focus on the simplest path for non-crypto-native businesses: accepting Bitcoin while receiving fiat directly to your bank account. You’ll learn why bank settlement is appealing, how it works with Coinsnap, and which settlement provider is right for you.
Can Merchants Accept Bitcoin and Get Paid in Euros?
Yes. Customers can pay in Bitcoin while the merchant uses a supported settlement provider to convert the payment into fiat and receive the corresponding value through the provider’s bank-settlement process.
Coinsnap itself does not perform the Bitcoin-to-fiat conversion or the bank payout. These services are provided by third-party settlement providers such as DFX, Wave.space, Bringin or Strike. The available currencies, countries and account requirements depend on the selected provider.
Why Merchants Settle Bitcoin Payments to a Bank Account
Many businesses want access to new customers without changing how finance works day to day. Bank settlement keeps everything familiar:
- Sales are converted into the fiat currency supported by the selected settlement provider.
- No Bitcoin custody or wallet management
- No exposure to price volatility
- Easier bookkeeping and reconciliation
When a merchant uses a third-party fiat settlement service, the settlement provider is responsible for the Bitcoin-to-fiat conversion, bank payout, applicable limits and any required KYC/KYB verification. Coinsnap itself does not perform the fiat conversion or provider verification. Verification requirements depend on the selected provider and the merchant’s circumstances.
Coinsnap itself never holds your funds. Each Coinsnap Store uses one configured settlement destination at a time. A merchant can change the configured settlement destination later, but Coinsnap does not automatically split an individual payment between Bitcoin and fiat.
Bitcoin to Bank Account with Coinsnap: How It Works
Coinsnap does not perform Bitcoin-to-fiat conversion directly. Instead, it integrates with DFX, Wave.space, Bringin and Strike.
The flow depends on the settlement provider, but the general process is:
- The customer pays the Bitcoin invoice.
- The payment is sent to the settlement destination configured for the Coinsnap Store.
- If a fiat settlement provider is configured, that provider converts the incoming Bitcoin according to its service conditions.
- The provider settles the fiat amount according to its payout process and timetable.
Bitcoin payment confirmation and bank settlement are separate steps. A Bitcoin payment may be confirmed quickly, while the corresponding bank payout can take longer depending on the provider and the banking system.
You never touch Bitcoin unless you want to.
How to Accept Bitcoin and Receive Fiat to Your Bank
- Install and connect Coinsnap with your shop, website or payment setup.
- Choose the settlement solution that fits your requirements: DFX, Wave.space, Bringin or Strike.
- Create and configure the required account with the selected provider.
- Complete any KYC/KYB verification required by that provider.
- Configure the provider’s settlement destination in Coinsnap.
- Run a test payment and verify that the complete payment and settlement flow works as expected.
Option 1: DFX — Per-Transaction Settlement in EUR or CHF
DFX converts and settles each transaction individually, immediately.
- Every Bitcoin payment becomes a separate EUR or CHF bank credit
- Works with SEPA-reachable accounts across the EU, UK, and Switzerland
Highlights
- Clear audit trail for accounting
- Transparent compliance thresholds
- Strong choice for Switzerland and Europe
Fees and settlement
- DFX charges a 0.2% bank payout fee.
- DFX also applies a 1% conversion spread. This spread is included in the Bitcoin amount paid by the customer and is not deducted from the merchant’s bank payout.
- Coinsnap separately charges its 1% transaction fee for successfully processed payments. The Coinsnap fee is charged against the merchant’s prepaid Coinsnap credit.
- DFX payouts are processed according to the DFX payout schedule and are typically credited to the merchant’s bank account on the following business day.
Limits and Verification
Without full DFX KYC/KYB verification, a merchant can process up to CHF 1,000 in total transaction value within any rolling 30-day period. If the threshold is exceeded, DFX can continue to accept and convert incoming payments, but the bank payout above the applicable limit is withheld until the required verification has been completed.
If you want to process amounts above this limit, verification by DFX is required. To increase your limit, go to Finances -> Settings -> Deposit, Verification and limits in your Coinsnap account. There you can start the required verification by clicking Verify with DFX.
Perfect for finance teams that value one-to-one reconciliation.
Option 2: Bringin — Accept Bitcoin, Receive Euros via SEPA
Bringin
Bringin provides a Bitcoin-to-euro settlement service that can be used with Coinsnap. A merchant can configure the appropriate Bringin settlement destination in Coinsnap so that incoming Bitcoin payments are handled according to the merchant’s Bringin account setup.
Bringin is a separate third-party service and determines its own supported countries, currencies, fees, limits, account requirements and KYC conditions. Coinsnap’s 1% transaction fee is separate from any Bringin fees.
Learn more about using Bringin with Coinsnap →
Option 2b: Wave.space
Wave.space
Wave.space can be used as a settlement destination for Bitcoin payments processed through Coinsnap. Depending on the Wave.space setup, incoming Bitcoin can be handled according to the settlement configuration provided by Wave.space.
Wave.space is a separate third-party service and determines its own supported countries, currencies, conversion conditions, fees, limits and account requirements. Coinsnap’s 1% transaction fee is separate from any Wave.space fees.
Learn more about using Wave.space with Coinsnap →
Option 3: Strike — Global Reach with Optional BTC Holding
Strike combines a Lightning address with flexible fiat withdrawals.
- Incoming Lightning payments land in your Strike wallet
- You decide whether to hold BTC or convert to fiat
- Withdraw to your bank in supported countries
Why choose Strike
- Broad international availability (especially strong in the US)
- Dual wallet model (BTC + cash)
- Flexible conversion timing
Strike Fees and Transaction Limits
Strike Business is a separate custodial service provided by Strike. A Strike Business account requires business verification, including the verification required by Strike for relevant business owners and account operators.
Strike determines its own trading fees, exchange rates, account limits, conversion conditions and banking requirements. These conditions can depend on transaction volume and account type and may change over time. Merchants should therefore review the current Strike conditions and transaction quote before converting Bitcoin or transferring funds.
Coinsnap’s 1% transaction fee is separate from Strike’s fees and is charged against the merchant’s prepaid Coinsnap credit.
DFX vs. Wave.space vs. Bringin vs. Strike
| Partner | Region | Fiat | Settlement Style | Best For |
|---|---|---|---|---|
| DFX | EU / CH | EUR / CHF | Per transaction | Accounting clarity |
| Wave.space | Depends on provider account and configuration | See current provider conditions | Depends on provider account and configuration | See current provider conditions |
| Bringin | Depends on provider account and configuration | See current provider conditions | Depends on provider account and configuration | See current provider conditions |
| Strike | Depends on provider account and configuration | See current provider conditions | Depends on provider account and configuration | Flexibility & reach |
How to Choose the Right Bitcoin-to-Bank Partner
- DFX: Review the currently documented DFX settlement conditions and verification requirements.
- Wave.space: See current provider conditions.
- Bringin: See current provider conditions.
- Strike: Conditions depend on the provider account and configuration.
Each Coinsnap Store uses one configured settlement destination at a time. A merchant can change the configured settlement destination later, but Coinsnap does not automatically split an individual payment between Bitcoin and fiat.
Coinsnap doesn’t lock you in. Many merchants adjust their payout strategy as demand grows.
Key Takeaways
- Accept Bitcoin without changing your back office
- Eliminate volatility by settling directly to your bank
- Choose the settlement provider that fits your region and accounting needs
- Test once, document the process, and scale confidently
Accepting Bitcoin should expand your market—not complicate your month-end.
Bitcoin payments and card or PayPal payments use different payment and settlement models. Coinsnap integrates Bitcoin checkout into supported shop systems and websites. If a merchant chooses fiat settlement, the selected third-party provider handles the conversion and bank-settlement process according to its own conditions.
Merchants should compare payment methods based on their customers, fees, settlement requirements, accounting processes and operational needs.
Frequently Asked Questions (FAQ)
Can I accept Bitcoin without holding any Bitcoin?
Yes. If you configure a supported fiat settlement solution, the customer can pay in Bitcoin while the selected provider converts the payment according to its service model. The merchant does not need to receive the payment into their own Bitcoin wallet first.
Available providers include DFX, Wave.space, Bringin and Strike. Their currencies, eligibility requirements, fees and settlement processes differ.
Do I need KYC or KYB to receive bank payouts?
KYC/KYB requirements are determined by the selected settlement provider. Coinsnap itself does not require KYC for direct settlement to a merchant-controlled Bitcoin wallet.
Fiat settlement services may require identity or business verification. The exact requirements depend on the provider, account type, transaction volume and other provider-specific conditions. For example, DFX allows limited processing before extended verification and applies a CHF 1,000 rolling 30-day threshold. Bringin, Wave.space and Strike determine their own current onboarding and verification requirements.
How fast do Bitcoin payments settle to my bank account?
- Bitcoin payment: Payment confirmation can occur quickly.
- Bank settlement: The corresponding bank payout can take longer depending on the settlement provider and banking system.
What fees should merchants expect?
Coinsnap charges merchants a 1% transaction fee for successfully processed payments. This fee is charged separately against the merchant’s prepaid Coinsnap credit.
If a merchant uses a third-party fiat settlement provider, that provider may charge separate conversion, spread, payout, trading or banking fees. These are provider fees and are not part of Coinsnap’s 1% transaction fee.
The exact provider costs depend on the selected service and should be checked on the relevant provider page or in the provider’s current fee schedule.
Which countries are supported for Bitcoin-to-bank payouts?
Supported countries and currencies depend on the selected settlement provider, the merchant’s account type and the provider’s current conditions.
Coinsnap currently supports integrations with DFX, Wave.space, Bringin and Strike. Merchants should review the current provider conditions for country and currency availability.
Can I split payouts between Bitcoin and fiat?
No. Coinsnap does not automatically split an individual payment between a Bitcoin wallet and a fiat settlement provider. Each Coinsnap Store uses one configured settlement destination at a time.
A merchant can change the settlement configuration later or receive Bitcoin first and independently convert Bitcoin through another service, but this is separate from the original Coinsnap payment settlement.
Is accepting Bitcoin more complex than cards or PayPal?
Bitcoin payments and card or PayPal payments use different payment and settlement models. Coinsnap integrates Bitcoin checkout into supported shop systems and websites. If a merchant chooses fiat settlement, the selected third-party provider handles the conversion and bank-settlement process according to its own conditions.
Merchants should compare payment methods based on their customers, fees, settlement requirements, accounting processes and operational needs.
Ready to test Bitcoin checkout without changing your finance setup?
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