How to Configure Settlement Currency

Settlement Currency (also referred to as Receive Currency) determines the currency in which you will receive funds after a shopper successfully pays for an order. For example, if a shopper pays in BTC, you can configure your settings to automatically convert the received amount to EUR.

There are two ways to set your preferred settlement currency:

1. Via API
   When creating an order through the API, include the receive_currency parameter in the request.
   👉 See API reference: Create Order – receive_currency.
   If you are using an eCommerce plugin (e.g., PrestaShop, WooCommerce), use the method described in option 2 below instead.
2. Via Dashboard
   1. Log in to your CoinGate account.
   2. Navigate to Integrations →  API Management →  API Apps.
   3. Select the relevant API App.
   4. Open the Currency Settings tab.
   5. Set your preferred settlement currency there.
   6. 👉 Guide on how to configure via Dashboard: How to Manage Currency Settings in Your CoinGate Business Dashboard.

Note: If you configure both methods (Dashboard and API), the receive_currency value passed via API will take precedence and override the Dashboard settings.

⚠️ Important:

If no settlement currency is configured, the default is USDC. This means that unless otherwise specified, all processed orders will be automatically settled in USDC.