During the past few years, cryptocurrencies have exploded in popularity, with assets such as Bitcoin, Ethereum, Polkadot and Litecoin all growing sizably. Bitcoin’s total market cap, for example, surpassed $1 trillion in March 2021.
As such, it should be no surprise that many of the world’s largest companies have begun accepting cryptocurrencies as payment for goods and services. Companies, as varied as AT&T, the Dallas Mavericks, Microsoft, Overstock, Tesla, and Twitch all, accept Bitcoin and other digital currencies in 2021.
Small businesses can also take advantage of the crypto craze, and they can easily accept digital payments with the help of online payment processors. These processors typically offer a 1% or less transaction fee, which is less than the fees you’ll pay on most credit cards.
All you need to accept Bitcoin
Subsequent to getting to know the essential necessities to hold and store Bitcoin, there are a couple of more advances that should be taken to set up a business for tolerating BTC installments. Perhaps the best practice is to do your own exploration and distinguish the stages and administrations that best meet your business and administrative necessities.
Wallet choices — Setting up another Bitcoin wallet is just about as simple as pursuing another email address. Probably the most widely recognized stages for a Bitcoin wallet incorporate cryptographic money trades, and on the web (sites) and application based wallets. Organizations additionally have the choice to acquire retail location machines for gathering installments in Bitcoin through cards.
Suggesting wallet choices is hazardous in light of the fact that the wallets are just pretty much as protected as the plan of the privately owned businesses facilitating your BTC holds. To assist you with getting direct data on the best in class in Bitcoin advancement, investigate our novice’s aide for you to track down the best places to talk about Bitcoin and how to along these lines pick the best BTC wallet.
Online organizations can likewise utilize outsider installment processors, like Coinbase and BitPay, to set up site installments passages for BTC exchanges.
The most convenient way to accept Bitcoin payments in business
The easiest way to accept Bitcoin payments as a merchant, in business, or on your website may be to use a Bitcoin payment processor service with a point-of-sale integration.
You don’t need to be a Bitcoin expert and understand how it all works since the third party will take care of all that. Such companies can even deposit the money in your bank account in your preferred currency once payment has been made. That would help reduce risks associated with Bitcoin price fluctuations and exchange rates. But all those services come with a fee.
Our recommended crypto payment processor is NOWPayments. It is a non-custodial crypto pay solution that lets you accept payments in more than 50 cryptocurrencies, including stablecoins, tokens, and most popular crypto assets like Bitcoin, Ethereum, or Litecoin. The service has no payment limits, offers competitive fees, and, most importantly, is intuitive and user-friendly.
NOWPayments suite features API, instant payment notification, widget, buttons, as well as website plugins for WooCommerce, Opencart, WHMCS, and Magento 2 plugin. For more information about how to make the most out of NOWPayments integration, please check its website, or reach out to its 24/7 customer support desk.
Other popular payment gateways that can help you to accept Bitcoin in business (as well as other cryptocurrencies) are:
BTCPay Server – a self-hosted open-source Bitcoin payment processor with enhanced privacy, security, and censorhip-resistance features.
CoinGate – accept and process payments in more than 50 cryptocurrencies, including bitcoin on the Lightning Network.
These services make accepting Bitcoin and cryptocurrencies easy and convenient for everyone. However, convenience always comes with a fee, so if you would like to take matters into your own hands, Bitcoin was made precisely for that reason.