Settlements

Settlements can be used to withdraw fiat, crypto, and stablecoins. They are recurrent withdrawals to your linked bank account or crypto wallet. This means they work on a set-and-forget basis like traditional standing orders.

To add and edit your Settlements, navigate to Settings – Settlements. This screen shows a list of the Settlement methods you have set up for each balance. You can have any number of Settlements set up at the same time.

Adding a new Settlement method

To create a new Settlement, click the “Add Settlement method” button. You will be first prompted to choose whether you want to withdraw in cryptocurrencies, stablecoins, or in fiat currency.

Once you have made your choice, you will be asked to choose your preferred cryptocurrency, blockchain, and crypto address or fiat bank account.

When withdrawing fiat, we will require you to provide the receiving bank account’s IBAN and SWIFT.

Customizing your Settlements

After filling out this basic information, you can also leverage the Settlement’s Advanced settings:

• Choose a specific day of the week or month when the Settlement will be sent.
• Set a Minimum Settlement amount to define a threshold which, when reached, triggers a Settlement.
• Choose to Keep minimum balance to define an amount that the Settlement will not withdraw. This is handy if you also plan to use Payouts.

As such, Settlement methods allow you to define the logic by which Settlements are sent. Keep in mind that in order for the Settlement to be sent, your balance has to be higher than your Minimum keep balance + Minimum Settlement amount on the day it is to be sent.