Towering inflation. Your euro account is losing value right before your eyes. This has got us thinking. What if you never have to sell your portfolio again? Knaken Settle makes it possible to meet your payment obligations without selling your coins and withdrawing euros.
Vision
Knaken Settle is an important new product within the Knaken ecosystem. This product helps us bring our vision closer to reality, namely contributing to the adoption of crypto in our society. Knaken Settle makes it possible to pay with your crypto portfolio. This means you don’t need to use a traditional bank to make a payment! The large-scale adoption of crypto has begun, and we are just getting started.
Use
Knaken Settle can be used in two ways: to pay at a (web)store and to send payment requests to your friends, family, or colleagues.
Shopping
The first and most common way to use Settle is to pay, both online and offline. This means you will soon be able to check out at your favorite clothing store using Settle, allowing you to pay with your crypto. You pay in a simple way, similar to payment methods you are already familiar with.
Payment requests
The second way you will use Settle is to send payment requests. You can now send a payment request to your friends for things like fronting tickets or a drink. Through our app or portal, you can create a payment request. You can then share this link via email, SMS, WhatsApp, and many other methods. On the platform, you can keep track of all details regarding the payment.
Benefits
One of the main benefits is not having to sell and withdraw from your portfolio to pay your bills. You now do it by paying directly from your portfolio.
Knaken Settle is free. No setup fees. No 3% credit card fees. No hidden costs. We make our money from the exchange of crypto to euro and vice versa. This makes Knaken Settle one of the cheapest ways to pay.
Payments you make through Knaken are processed instantly. The money is credited to your account within 10 seconds. No more waiting until the next business day. Pay in real-time.
Knaken Settle uses the latest technology in cyber security. This ensures that you can pay your friends and receive payments with peace of mind.
Sharing
Share your first Settle with one of your friends, and when they open an account, they become part of your affiliates. We will share 20% of the profit we earn from this customer with you! For the rest of your life! Additionally, at Knaken, everyone gets a tenner as a gift for their first paid Settle. So in short, we share the profit, and your friends receive €10 cashback on their first Settle. Ready to settle?
Knaken Settle makes it possible to turn your portfolio into a payment account. You never have to sell your portfolio and withdraw euros to your bank again. Save in your favorite currencies and protect yourself against inflation with Knaken Settle.
Knaken Cryptohandel B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB supervises Knaken Cryptohandel B.V.'s compliance with the Money Laundering and Terrorist Financing (Prevention) Act and the Sanctions Act 1977. Knaken Cryptohandel B.V. is not subject to prudential supervision by DNB or conduct supervision by the AFM. This means that there is no supervision of financial requirements or business risks and there is no specific financial consumer protection.
Investing in crypto-related products involves significant risks.
