How to Accept Bitcoin As a Payment Processing Solution?

[AudreySkylar]

Bitcoin payment processing solution Any transaction with Bitcoin makes the cryptocurrency stronger. Bitcoin can also be used everywhere efficiently without the issue of geographical borders, just like the World Wide Web, nullifying country limitations, and local regulations.

Bitcoin, though, is primarily used digitally as an electronic payment processing solution, which needs an initial set-up from those who want to use it.

You will be able to start accepting bitcoin as a payment processing solution on your e-commerce website by the time you’ve finished reviewing this or incorporate it into your brick-and-mortar business or company.
Starting to Accept Bitcoin


Payment processors are the easiest way to start accepting Bitcoin. With a Bitpay or Coinbase account, you can also begin accepting Bitcoin on your own. Nonetheless, you will be completely exposed to the instability of Bitcoin, so beginning to accept Bitcoin via payment processing solution is advised.

Accepting Bitcoin by Yourself


If you have a not so big business and you’re still unsure if the bitcoin integration fits you, you may try making your bitcoin payments by yourself.

1. You will first have to sign up on an application where you can trade Bitcoin. With one of the prevalent exchange websites, you can set up an account very easily. Blockchain.info, Bitfinex, coinbase, Bitpay, and Huobi are the best-known five exchanges.
2. The second step is to download the client software for the wallet. For example, you can use Bitpay as it’s the most typical Bitcoin wallet customer, but you can also use other customers like Electrum or Armory as it’s a very similar process.

Bitpay is an easy-to-use Bitcoin application for sending or receiving or making Bitcoin payments. Bitpays’ main advantage is that you can use it without downloading the complete blockchain for the bitcoin. The installation doesn’t take more than a few mins, and you can make transactions for the coinpayments payments to anybody with a bitcoin address once you’ve finished downloading.

• You will have access to your wallet after the Bitpay application has been installed; here, you can search for your wallet address on the receipt page, which will allow you to also be able to produce a few other addresses.

We strongly advise you to be very vigilant about encryption when using a mobile application to store your assets. Take safety into consideration and use strong passwords to keep your wallet safe; or else, you will regret sooner or later.