What is Automatic Conversion?
The Automatic Conversion feature allows you to exchange Bitcoin for fiat currency at the time of transaction.
OpenNode gives you the freedom to convert the bitcoin you receive instantly or at a later date when you desire all within your dashboard. Keep in mind, the price of bitcoin fluctuates so there is a possibility that if you hold your bitcoin and convert later, the value may have gone up or down.
Enabling Automatic Conversion
To enable Automatic Conversion, do the following:
- Log-in to your OpenNode dashboard
- First click to enable your fiat wallet. This also allows you to add your bank information.
- Follow the steps and fill out the KYC requirements
- After review, you will be notified within 5 business days if your account has been approved for Automatic Conversion.
Click here to see what currencies we currently support for Automatic Conversion.