How do Cryptocurrency payouts work?

Blossm offers payout via cryptocurrency. A list of cryptocurrencies supported for payouts and their associated network fees can be found below. You can view the current USD equivalent of the network fee by checking a currency conversion website such as currencymatrix.com. Bitcoin payments ranging from $20.00 to $500.00 will incur a network fee of 0.00028 BTC. Bitcoin payments exceeding $500.00 will incur a network fee of 0.0008 BTC.

 

Payout Type Fee
Bitcoin 0.00028 BTC or 0.0008 BTC

 

To send a cryptocurrency payout, we purchase and send the selected cryptocurrency based on the USD amount of your payout. We will do our best to send the payout as soon as possible after the purchase but can make no guarantees; because of this, the exchange rate when you receive your payment may differ from when you requested your payout or when we made the cryptocurrency purchase.

By using the cryptocurrency payout method, you agree and understand that the value of your payout currency may fluctuate significantly between when you request a payout and when you receive the payout. If you are uncomfortable with these fluctuations, we strongly recommend you choose a more stable payout method.

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