In order to receive payouts using OpenNode, recipients must register for an OpenNode account and complete KYC and bank account verification using this link:
OpenNode will activate payouts for the account upon fulfillment of the above requirements.
Note: this account can not be used to accept payments, only payouts.
Receipt and Transfer of Funds
In addition to bitcoin, recipients must associate one local/traditional currency with the account. In order to enable a local currency wallet, recipients must:
- Possess a real (not virtual) bank account
- Complete the bank account verification process as part of the signup process
With this additional local currency wallet, recipients will have the flexibility to receive payouts in:
- Local currency
- or a bit of both using Split Settlement
Once received, funds can be transferred to the external bank account specified or a personal BTC wallet or account. Click here for details of supported options.