Payout Currency
Default Currency Settings
By default, a withdrawer’s currency is determined by the country they select during verification. After verification, each withdrawer record will include two currency-related fields, which can be accessed through the Get Withdrawer endpoint:
originalCurrency: The default currency automatically assigned by Coinflow based on the country selected during verification.currency: The withdrawer’s current currency setting. If the currency has never been changed, this will be the same asoriginalCurrency.
Default Currency Mapping
Changing Withdrawer Currency
To change a withdrawer’s currency, merchants can use the Change Withdrawer Currency endpoint. Currency changes are subject to the following conditions:
- USD: Can only be set by users who completed verification with a U.S. ID.
- BRL: Can only be set by users who completed verification with a Brazilian ID.
- EUR: Can be selected by any user, but payouts will only succeed if the withdrawer links a euro-denominated bank account.
- GBP: Can also be selected by any user, but payouts will only succeed if the withdrawer links a GBP-denominated bank account.
Allowed Currency Changes by Verification Type
Changing Currency via Coinflow’s UI
Withdrawers can also change their currency directly through the Coinflow UI. To do this, they can click the dropdown in the top-left corner of the modal (next to the country flag) and select an available currency based on their verification status.
