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  • Set up ERC20 to ether exchange

    This guide will help you set up the gateway to automatically exchange your received ERC20 tokens into ether. 

    1. Sign up for a Binance account on www.binance.com

    2. Follow their guide to create your API keys.

    3. Log in to Monetha's website, go to Payments -> Token Exchange and enter the keys into Binance API Public Key and Binance API Private Key fields. 

    4. Configure your token exchange settings if needed.

    That's it! The gateway will now automatically exchange the ERC20 tokens you receive into ether. 

    If you have any questions or requests, feel free to ask them via merchants@monetha.io

  • Set up ether to fiat exchange and withdrawal

    This guide will show you how to set up the gateway so that you could:

    a. Automatically exchange received Ethereum cryptocurrencies to FIAT money;

    b. Withdraw the funds to your bank account.

    1. Sign up to Kraken

    a. Go to kraken.com, create a new account.

    Screenshot_2018-11-08_at_17.24.08.png

    b. Select “Get Verified”, enter the required information. You will need at least Tier 2 verification to enable crypto to FIAT conversion.

    Screenshot_2018-11-08_at_17.25.24.png

    2. Configure Kraken settings

    a. Go to “Settings” -> “API”. Press “Generate a new key”. Check all the permissions and generate the key. 

    Screenshot_2018-11-08_at_17.37.38.png

    b. Go back to the key list, select your newly created key. You will see fields called “API Key” and “Private Key”.

    Screenshot_2018-11-08_at_17.40.29.png

    b. Go to Monetha’s website. Log in, select “Payment Settings” -> “Exchange to FIAT”. Copy the “API Key” and “Private Key” to the two empty fields under “Kraken Settings”.

    Fiat.png

    3. Configure exchange settings

    Enter your preferred exchange currency and exchange type. We recommend instant exchange if you are wary of price fluctuations.

    Screenshot_2018-11-08_at_17.47.01.png

    4. Configure withdrawal settings

    a. On Kraken, select “Funding”, then “Withdraw”. Choose your preferred withdrawal currency.

    Screenshot_2018-11-08_at_17.30.05.png

    b. Click “Add account", enter your bank account details. Copy the "Description" field – that is your Withdrawal Key.

    Screenshot_2018-11-08_at_17.33.12.png

    c. Go to the “Exchange to FIAT” tab on Monetha’s website. Under “Withdrawal Settings”, paste the Withdrawal Key.

    Screenshot_2018-11-08_at_15.48.36.png

    d. Select your preferred withdrawal currency and how often you would like the payments to be made.

    That’s it! The gateway will now automatically exchange cryptocurrencies to FIAT and transfer the funds to your bank account. 

    If you have any questions or requests, feel free to ask them via merchants@monetha.io