How do currencies work at BVNK?

We support multiple currencies, which might work differently depending on the product or feature we are offering. Currencies will have a name and a currency code.


Let's categorise them:

Fiat currencies

According to Investopedia, "Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it”.

Examples: British Pound (GBP), Euros (EUR), USA Dollar (USD), South African Rand (ZAR), etc.


“A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.” (Investopedia)

Examples: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), etc.


Make sure to check out our API documentation for an always up-to-date list of currencies.



Besides being categorised by crypto or fiat, at BVNK we can also categorise currencies into the following groups:

  • Platform availability (or where in our products the currencies can be used)
  • Deliverable or non-deliverable currencies.

Check out more details below:


Deliverable currency

This is a currency that BVNK can hold on behalf of the merchants and merchants can use it to make deposits and withdrawals to and from an external bank account (first-party payment).

What are they?

  • Check /currency/fiat and the supportsDeposits:TRUE flag in the payload response for fiat deliverable currencies.
  • Check /currency/crypto and the supportsDeposits:TRUE flag in the payload response for deliverable cryptocurrencies.


Non-deliverable currency (NDC)

NDCs are “virtual” currencies that can be used in wallets or transfers. They display non-volatile balances. NDCs cannot be used for withdrawing money.

Examples: BRL, CNY, JPY, etc.


Platform availability

Merchant portal: currencies that can be used to create wallets

These can be used in the Wallets section of our products.

What are they?

Check /currency/deposit for a full list of currencies.


Speak to your account manager if the desired currency is not available in your dropdown.



Payments API: display currencies

These fiat currencies will show on an end-user's payment page. By default, they match the selected wallet's currency, but this can be changed upon a new payment creation.

What are they?

Check /currency/fiat for a full list of display currencies.





Payments API: "Pay with crypto" currencies

These are currencies that can be used by end-users to make payments to merchants.

What are they?

Check /currency/crypto and the supportsDeposits:TRUE flag in the payload response for "Pay with crypto" cryptocurrencies.





For BVNK Markets currencies, open What currencies are supported by BVNK Markets?

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