What is Automatic Conversion?

Automatic Conversion allows Merchants to convert bitcoin to any of OpenNode’s supported local currencies at the time of the transaction.

This feature offers an important protection for Merchants who do not want to be exposed to the price volatility of bitcoin.

OpenNode provides the ability to:

  • Automatically convert bitcoin to local currency at the time of the transaction

or

  • Convert bitcoin to local currency anytime from within the dashboard

The best part is…converting bitcoin to local currency using OpenNode is completely free!

Enabling and Disabling Automatic Conversion

Automatic Conversion is enabled by default when you first link a bank account to enable a local currency wallet:

  1. Log in to your OpenNode dashboard
  2. Click to enable your local currency wallet.
  3. You will be prompted to add business and bank information.
  4. OpenNode will notify you within 5 business days to confirm your bank account has been linked, your local currency wallet has been created, and Automatic Conversion has been enabled.

To disable Automatic Conversion:

  1. Log in to your OpenNode dashboard
  2. Go to Settings, then Payments.
  3. Use the toggle to disable Automatic Conversion.

Click here to see the local currencies OpenNode currently supports.

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