Article Summary
Learn how to enable, edit, and disable auto-convert for received bitcoin on River.
If you'd like any bitcoin you receive to be automatically converted to cash, you can enable auto-convert in your settings and choose what percentage to convert each time you receive bitcoin.
Step 1: Open your settings
If you are using river.com, click on "Profile & Settings" on the left side of the home screen. In the River app, tap your profile icon in the upper-left hand corner.
Step 2: Tap "Auto-convert"
Find "Banking & Funding" and tap "Auto-convert."
Step 3: Tap "Get started"
Review the details about how the feature works, then tap "Get started."
Step 4: Choose your auto-convert amount
Select what percentage of received bitcoin you want to auto-convert to cash, then continue.
Step 5: Confirm to enable
Review your selection and tap "Enable auto-convert bitcoin" to finalize. Once confirmed, auto-convert is enabled and will apply to all future received bitcoin.
Please note:
- Only bitcoin received via on-chain (including mined bitcoin), Lightning, and River Link will be auto-converted. Bitcoin bought on River, referral payouts, Bitcoin Interest on Cash, and your bitcoin balance that already existed before enabling the feature will not be auto-converted.
- When you receive bitcoin, River will auto-convert between $1 and $50,000 per transaction. If you receive more than $50,000 worth of bitcoin in a single transaction, any amount above $50,000 will remain as bitcoin in your account. If you want to manually sell any received bitcoin, please see this Help Center article.
- Cash earns 3.3%, paid in bitcoin. For more information, please see this Help Center article.
Can I edit how my received bitcoin is auto-converted?
Step 1: Open your settings
If you are using river.com, click on "Profile & Settings" on the left side of the home screen. In the River app, tap your profile icon in the upper-left hand corner and scroll down to "Settings."
Step 2: Tap "Edit amount"
Find and tap "Edit amount."
Step 3: Choose your new auto-convert amount
Select what percentage of received bitcoin you want to auto-convert to cash.
Step 4: Confirm your new amount to edit
Review your selection and tap "Confirm new amount" to finalize. Once confirmed, auto-convert is enabled with your new auto-convert amount and will apply to all future received bitcoin.
How do I disable auto-converting my received bitcoin to cash?
Step 1: Open your settings
In the River app, tap your profile icon in the upper-left hand corner and scroll down to "Settings." If you are using river.com, click on "Profile & Settings" on the left side of the home screen.
Step 2: Tap "Disable auto-convert"
Find and tap "Disable auto-convert."
How long does it take for a bitcoin deposit to be auto-converted?
Auto-convert follows the same confirmation requirements as standard bitcoin deposits.
- Deposits under 0.1 BTC require 2 blockchain confirmations.
- Deposits 0.1 BTC or larger require 3 blockchain confirmations.
Because the Bitcoin network produces blocks approximately every 10 minutes, this means it may take around 20 to 30 minutes or longer before the deposit is fully confirmed and the auto-conversion takes place.