Сrypto Payments Pay & receive in Cryptocurrency with BconGlobal

This technology consists of 2 stages of hiding your real IP address. You can accept crypto payments in any amount from any customers, without having to disclose your identity and payment details. BitHide is a crypto payment gateway helping accept customers’ remittances in bitcoin and other cryptocurrencies.

However, their speed often depends on the location, amount, and means of transmission. Whatever be the speed, crypto transfers happen instantly and are available 24X7 for users to carry out. Unlike international transactions in fiat, the digital currency does not take multiple days to reach the beneficiary. crypto payments Such convenience and ease are factors that encourage users to prefer crypto to fiat. Let’s have a detailed look at them in the next segment of this article. Cryptocurrency is nothing but a digital currency that leverages encryption algorithms to securely generate coins and conduct transactions.

Easy Integration and Setup

What if the vendor doesn’t accept the cryptocurrency you have in your wallet? In that case, simply visit another crypto exchange and switch out those crypto tokens for the ones your vendor accepts. In in-person transaction cases, the Bitcoin or other crypto tokens are quickly exchanged for a fiat currency; then, the fiat currency is sent to the vendor.

Stay informed with real-time monitoring of exchange rates through Bcon Global’s user-friendly dashboard. Gain valuable insights into market fluctuations for informed decision-making. Our dedicated support team is always available to assist you, ensuring a smooth and hassle-free experience.

With NOWPayments You Get

PayPal even converts the cryptocurrency to fiat currency, like traditional US dollars, to pay the merchant. Providers connect a business to a crypto processing gate to empower merchants with a brand new capability. There are countless positive sides to using virtual money as payment. The speed of transactions while accepting crypto payments is substantially faster than when using fiat money. Each operation makes use of distinct ciphers, and data processing makes use of crucial verification. Casinos that accept cryptocurrency have been growing at an incredible rate, and this can be attributed to several reasons.

The IRS determines the value of the property based on the fair market value. To receive bitcoin payments for goods and services, the merchant needs to provide a crypto wallet address (most wallets also have QR codes). Before we look into how to accept crypto payments, let’s see how a crypto transaction is processed.

What is BitHide?

You don’t need to pay the fee through the blockchain every time; it’s already on our account. Let’s say your transaction volume amounts to $1000; we deduct $10 from your balance, leaving you with $40. Your balance can even go negative if you forget to top it up in time and then settle the debt later. If you want to stop using our service, you can request a withdrawal of the remaining balance to your wallet. The essence of the service is that we can’t influence your P2P transactions between you and your customer. BitHide is essential for brokerage companies, stock exchange, online casinos, exchange offices and any other business that uses cryptocurrency for financial transactions.

Francis Suarez, Miami Mayor, proposed his plan to introduce Bitcoin as an official payment method for the city’s administration. Essentially, if this move is approved by the city commission, then Miami will become the first metropolis in the United States able to pay its workers in crypto. Once a user has committed to a crypto transaction, there is no scope of that transaction getting overturned. No one has the authority to alter the dynamics of the transaction once it has been recorded in the distributed ledger.

How a Cryptocurrency Payment Transaction Works

If you choose to accept or exchange crypto payments as part of your business, remain up-to-date with the IRS rules and regulations. And, set up a plan for how you will exchange the cryptocurrency while protecting your business from potential losses. Consider hiring an accountant to help you navigate the world of cryptocurrency to ensure you remain compliant with the IRS. An accountant may be able to assist you with how to accept crypto payments as well. CoinsPaid distinguishes itself from other cryptocurrency payment processors by offering a wide range of services. It may seem difficult at first, but obtaining bitcoin is a straightforward process if you know what steps to take.

Our non-custodial approach ensures that we never store private keys, providing peace of mind knowing that your funds remain secure in your personal wallets. With no KYC requirements, registering for our service is hassle-free, requiring only an email address. KYC is mandatory for all UK-licensed casinos under the British gaming watchdog. This mandatory process is deployed to verify the players’ identity when opening an account in a web-based casino and periodically over time.

Forget about fees by using the cheapest solution on the market, and focus on building your product

More than 50 different currencies are accepted by this payment method, so you should be able to cover most of your needs if you want
to branch out from the typical suspects. You’ll pay transaction fees starting at 0.5 percent and decreasing as you generate more money in sales each month (measured in BTC, incidentally). A 0.5 percent charge will be added to your account if you choose to
pay in a currency other than the one you were paid in. Fixed exchange rates are also offered, which protects you from volatility while boosting the base rate by 1%. However, business and cryptocurrency are growing to be more entwined.

• You should compare the features, security measures, cost, and integration options different vendors offer.
• If a cryptocurrency ends up experiencing what is known as an increase in its transaction volume, then the average speed will decrease as a result.
• In fact, each government is working on issuing regulations and guidelines for cryptocurrency transactions.
• As such, to make things easier on you, today, we are going to be jumping in a bit deeper into the world of crypto and will be going over the fastest tokens out there.
• You may question why you can’t simply use peer-to-peer networking instead of this simplified service.