How does a crypto payment get converted into the hotel's listed currency?

In short

  • CoinGate, trip1's crypto payment provider, converts your crypto to the hotel's listed fiat currency at the exchange rate locked at checkout.
  • The hotel receives its full price in local currency (USD, EUR, GBP, and others), so it never touches or holds crypto.
  • Conversion happens automatically once your on-chain transaction is confirmed - no action needed from you.

What happens between your wallet and the hotel

When you pay a trip1 booking with crypto, three things happen in the background.

Step 1 - Rate lock at checkout

CoinGate reads the market rate for the coin and network you selected and calculates the exact amount owed. That number is locked for the payment window - typically 15 minutes.

Step 2 - On-chain settlement

You send the crypto from your wallet. Once the network confirms the transaction, CoinGate marks the invoice as paid.

Step 3 - Conversion and payout to the hotel

CoinGate converts the crypto to the hotel's listed fiat currency (usually USD or EUR) at the locked rate. The hotel then receives its full listed price via CoinGate's settlement to trip1.

Why the hotel never sees crypto

trip1 uses CoinGate specifically so hotels don't have to accept, hold, or convert cryptocurrency themselves. From the hotel's perspective, it's a normal fiat booking. This is what makes crypto acceptance work at 3 million+ hotels worldwide.

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trip1 crypto to fiat conversion - FAQ

The hotel always receives fiat currency in its listed amount. Hotels never touch or hold cryptocurrency when you book through trip1.

CoinGate, trip1's MiCA-licensed crypto payment provider, handles the conversion. CoinGate settles hotels in fiat, so the hotel never accepts crypto directly.

The market rate is locked at checkout when your invoice is generated. That rate is applied when CoinGate converts the crypto to the hotel's listed currency.

No hidden markup. CoinGate's fee is already included in the quote you see at checkout, so you pay exactly the amount displayed.

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Yes. trip1 supports Bitcoin Lightning Network payments through CoinGate for near-instant confirmation and fees of just a few sats.

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Can I split a hotel payment between crypto and a card?

No. trip1 processes each booking as a single crypto payment from one wallet. Swap or top up before checkout if you need to consolidate funds.

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Is there a minimum or maximum amount I can pay in crypto for a hotel?

No. trip1 doesn't set a minimum or maximum. Your booking amount is limited only by the hotel price and any wallet or exchange sending limits.

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Can I get a payment receipt for a crypto hotel booking?

Yes. trip1 emails a booking confirmation with the payment amount, date, and reference. Combined with the on-chain transaction hash, that's your full receipt.

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