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Knowledge

How to make money with cryptocurrency: 10 Legit Strategies

Who doesn’t like to earn handsome money these days? TODAY we are come up with the most valid topic on how to make money with cryptocurrency.

You have certainly heard of many different ways to make a good profit online. But you probably have not heard about making money from cryptocurrencies.

YES! It’s possible to make money with cryptocurrencies. 

But what are the ways that you can leverage and start earning money from cryptocurrencies?

There are several ways you can make money, some of which don’t even require you to spend anything but your time and efforts.

Here are the ten PROVEN ways that are well working and many have been using it to make money with cryptocurrency.

We will assure you that you’ll find them very effective.

Let’s dive in…

10 Authentic ways of how to make money with cryptocurrency

First of all, YES you can make money through cryptocurrency, but only if it brings obvious advantages to you.

We are not covering here any false or fraudulent strategies. 

The methods presented below are LEGAL and GENUINE. In long-term business, these are always the most profitable and effective tactics.

1. BUY AND HODL:

Buy and hodl is a popular way to earn from cryptocurrencies. With this strategy, you can buy some cryptocurrencies such as bitcoin, litecoin, ethereum, etc.

Now you have to hold until the price of the cryptocurrencies that you bought surges. 

You can sell them in the market, once you get your desired price. However, before holding one of these currencies, make sure to analyze its 2-3 years record of how it was performed throughout the year.

Moreover, do not hold in any random altcoins, only invest in what gives you higher profits in the long run.

Because cryptocurrencies like BTC, ETH, etc. are good for long-term investment and HODLing.

How to buy it?

If you want to buy Bitcoin then you can buy it straight from its official website Bitcoin.org so there is no chance of your transaction to get hacked.

How to sell?

To sell Bitcoin, you can consider these platforms that include Binance, Poloniex, Localbitcoins, Bitmex, etc.

2. EARN WITH DEFI (DECENTRALIZED FINANCE):

The way people interact with their money is changing by decentralised finance (DeFi).

To earn from Defi will not be daunting for you. Defi is the replacement of conventional financial services through the use of blockchain services, specifically borrowing and lending.

Defi projects enable users to borrow money from liquidity providers (lenders) at a better rate than most banks ever would, enabling you to provide borrowers with liquidity and gain up to 11 percent interest.

The advantage is that Defi eliminates the need for a middle man, lenders and borrowers can openly use smart contracts to interact with each other.

3. TRADE WITH CRYPTOCURRENCIES:

Trade is considered the most profitable way to earn money with digital currencies.

To do trading on a crypto exchange, simply buy a cryptocurrency that you want to trade with.

Now hold it for some time and wait for the best opportunity to sell it and get the most out of it.

Sounds easy? Actually NO.

It requires certain skills and experience in trading cryptocurrencies. Most importantly the ability to understand the charts, technical indicators, and basic knowledge of blockchain and various projects.

Many individuals use Day Trading to earn sufficient profits by selling and buying cryptocurrencies on the same day. The same process goes with the Day Trading.

Furthermore, liquidity is a trading platform where it is possible to buy or sell a particular asset on the market quickly without having a considerable impact on its price.

NOTE: Consider that liquidity trading information is for your knowledge only, however, it is not the recommended option.

Also, it is advisable to use or invest in well-known crypto coins rather than go after unpopular altcoins.

4. INVESTING:

Investing is the way you can consider making money easily from cryptocurrencies. All you have to do is buy assets for a longer period of time.

But make sure you don’t hold the crypto-assets for a SHORT time because it’s extremely volatile. However, there are tremendous benefits over a longer period of time.

This investment strategy will give you a return not only through the price appreciation of the coin/token you buy but also through your share of the project.

In addition, we do not suggest investing in altcoins or in erc20 tokens. 

5. CRYPTOCURRENCY DIVIDENDS:

Crypto dividends work as you invest in a cryptocurrency with a dividend and gain fixed interest on your investment.

For the time that you want to gain interest, you will need to purchase and hold cryptocurrencies.

Well, there are range of crypto coins that will pay you for merely purchasing their digital assets and holding them.

The best thing about these coins that pay holders a dividend is that you don’t even have to stake them, especially in a wallet.

If you want to invest in dividend cryptocurrencies for interest then here are the followings: NEO, NEXO.

6. ACCEPT PAYMENTS THROUGH CRYPTOCURRENCIES: 

This approach is very essential as well as very beneficial for merchants and every business owner out there.

You can use crypto exchanges such as Coinremitter to enable your customers to make purchases on your website.

Cryptocurrencies are digital currency without the need to convert to other currencies and can be freely transacted and used worldwide.

You can integrate some of the popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.

Consider integrating Coinremitter TODAY to take your business across the world by accepting your daily payments via cryptocurrencies. Check out the integration process.

7. CRYPTO MINING:

You must have heard the word “mining” because it is one of the oldest ways to make money with cryptocurrency.

People have been mining cryptocurrencies since the first cryptocurrency “Bitcoin” was launched.

Yes, it is still feasible to mine cryptos like Bitcoin (you are probably thinking this) but not with your home computer.

These days the process of mining is way much tougher than before.

Mining cryptos require high-end graphic cards, a well-built computer system, an application-specific integrated circuit (ASIC), and a lot of electricity.

Before doing this, you should have the sound knowledge of how to mine cryptocurrencies like the currency demand on the market, market conditions, etc.

Moreover, this method requires an expert’s advice, technical skills, substantial upfront, and initial investment.

8. YIELD FARMING:

Yield farming is emerging as one of the most popular ways for investors to earn their investment revenue from their investments in digital assets.

By putting funds in a DeFi (decentralized finance) protocol, yield farming gives people the ability to earn interest, fixed or variable.

SO, how can one make money with it?

An investor uses a platform to lend out their digital assets, earning a return that ultimately stems from borrowers paying an asset premium.

You need to understand that there are THREE ways from which yield can be harvested, this includes money markets, liquidity pools, and incentive schemes.

NOTE: Here is the list of farming projects to invest in. However, Coinremitter does not endorse anything.

9. USE REFERRAL:

This is a tactic not to forget. The idea is very simple to earn, all you need to do is register on the website, and you will get your unique referral code/link and you are all set. 

You can start referring and earning right away.

This is one of the legit ways to earn cryptocurrency, as there are no investments needed as well.

Crypto exchanges are the easiest way to locate a referral program. It is vital to look for a renowned cryptocurrency exchange such as Coinremitter.

In Coinremitter affiliate Program, you can earn up to 75% commissions straight from their revenues.

Schemes/fraud like Ponzi which are quite lucrative for investors. 

They promise large profits to consumers or investors based primarily on hiring others to join their programme, not based on profits from any real investment or actual sale to the public of goods.

SO, only invest or attend the trusted referral systems/programme which gives you the direct profit/commission from their revenue.

10. CRYPTOCURRENCY ARBITRAGE:

Arbitrage of cryptocurrencies is a form of trading that leverages price differences to make a profit. 

To understand simply, such price differences, usually referred to as “arbitrage spreads,” can be used at a lower price to buy a cryptocurrency and then sell it at a higher price.

There are two techniques exist, regular arbitrage and triangular arbitrage.

In regular arbitrage, you can buy and sell the same digital assets on various exchanges with major price differences.

However, in triangular arbitrage, there are price differences among the three currencies on the same exchange. 

There are some popular exchanges in which you can apply these two methods: Binance, Coinbase Pro, Kraken, Bithumb, etc.

You can take advantage of price differences by several conversions. Although, both methods are valid and you can make a good profit out of them.

Conclusion:

Now you have got a plethora of choices to make money through cryptos, and also you won’t need to search further for how to make money with cryptocurrency.

For those who already have funds and experience in the crypto industry, holding and trading might be the best option for them.

Do research well before taking any action and also study the market situation. The above ways are 100% genuine, understand it well, and start your earning.

By the way, do share your thoughts and experience with which method that you have tried or you are going to leverage it.

Categories
Bitcoin Knowledge

How To Keep Your Bitcoin Transactions Private

If you do frequent Bitcoin transactions then you need to be very careful with your online activities. Because it is the concern of your privacy.

Many think Bitcoin is the anonymous payment network. Yet Bitcoin is potentially the most open payment network in the world.

Moreover, Bitcoin will not disappoint you in terms of privacy, because it offers a satisfactory level of privacy when used properly.

BUT do not worry, here we are coming up with the ways in which you can protect your bitcoin transactions.

Below are the suggestions that you should remember.

Understand Bitcoin Transactions:

In the Bitcoin network, all Bitcoin transactions are public, traceable, and permanently stored.

The only details used to identify where bitcoins are allocated and where they are sent are Bitcoin addresses.

The wallets of each user generate these addresses privately. However, if addresses are used, the past of all transactions they are connected to becomes contaminated by them.

Since the blockchain is immutable, it’s important to remember that in the future, anything not currently traceable can become simple to track in the near future.

So, for the sake of these reasons, you need to keep changing your Bitcoin address after you made each transaction.

This brings us to the next factor.

Always use a new address when making Bitcoin transactions

Now, what do I mean by changing an address is that every time you receive your payment or you make a payment, consider changing your Bitcoin address to protect your privacy.

Moreover, you can use multiple wallets, this lets you isolate each of your transactions. This would make it difficult for them to be associated with each other.

The good thing is that your other BTC addresses would be completely private, people who send you money would not be able to verify what you do with them.

Do not forget this legit advice.

Hide the IP address of your computer:

Bitcoin network is a peer-to-peer network, It is possible to listen to the relays of Bitcoin transactions and log their IP addresses in the Bitcoin network.

Full node clients transmit the transactions of all users just like their own.

This means that it can be difficult to locate the source of any specific transaction and any Bitcoin node can be confused as the source of a transaction when it is not.

You can protect your computer’s IP address with software like “TOR”, this can prevent the tracking of your IP.

Mixing services:

There are some online mixing services that use separate Bitcoin addresses to blend traceability between users by receiving and sending back the same amount.

It is necessary to remember that, in each jurisdiction, the legality of using such services can vary and be subject to different laws.

These services often require that you trust the people who run them not to lose or steal your funds and not to keep a record of your requests.

However, mixing services can break traceability for small amounts. For larger transactions, it becomes increasingly difficult to do the same.

Do not let your Bitcoin address go online:

If you are very much concerned about your privacy then you should avoid publishing a Bitcoin address on any public space like a website or any social platform.

On top of that, remember not to use your same bitcoin address multiple times. Now, what happens is that if you use your Bitcoin address over and over, then you will be the easy target in the eye of hackers.

Moreover, you also need to take precautions about not using any of your transaction information online. If you do so then it could let someone easily identify your BTC addresses. 

Conclusion:

These are the five ways that you can consider to keep your Bitcoin transactions private and your funds safe.

The tips you should take into account is to keep changing your BTC address, use TOR to prevent your IP track, do not let your BTC address expose online, etc.

Using these suggestions can surely protect you from hackers and several kinds of fraud.

So, let us know in the comments which tips you are using to protect your Bitcoin transactions, or if you are not utilizing any of these helpful hints then you should promptly start considering it.

Categories
Knowledge

Bitcoin vs Ethereum: What is the Exact Difference in 2020

Today we are going to discuss Bitcoin vs Ethereum (huge currencies in the market), like what are the similarities, the differences, etc.

There are thousands of cryptocurrencies in the market and new ones are coming day by day, yet these two currencies still stand on TOP.

However, if we talk about the blockchain of Ethereum then it is totally different from bitcoin’s blockchain.

Bitcoin was exclusively developed as a digital currency while the Ethereum blockchain is a more general blockchain technology implementation.

Both coins allow anonymous transactions and there is no government involvement in managing or controlling the currency. 

What is Bitcoin?

Bitcoin (BTC) is a decentralized cryptocurrency that allows people to send and receive money around the world. It is the main cryptographic capital ever to exist. Read everything about Bitcoin here.

What is Ethereum?

Ethereum is an open platform for blockchain, allowing everyone to create and use decentralized apps running on blockchain technology.

It is an open-source project created by many people around the globe. It is the same as a Bitcoin no one owns or handles the Ethereum.

However, Ethereum is totally different from the Bitcoin protocol, Ethereum was designed to be flexible and scalable.

Moreover, Ethereum allows users to build their own operations of whatever complexity they choose, rather than giving users a collection of predefined operations (for example, Bitcoin transactions). 

Ethereum allows smart contracts and decentralized applications (dApps) to be deployed and run without any third party downtime, fraud, control, or intervention.

Ethereum’s potential applications are wide and driven by its native cryptographic token, ETHER.

Ether is like the fuel on the Ethereum platform for running commands and is used by developers to create and run applications on the platform.

Ether is primarily used for two purposes. First, it is used as a digital currency exchange in the same way as other cryptocurrencies and second, it is used to operate applications on the Ethereum network.

Now let’s dig in straight to the Bitcoin vs Ethereum.

Bitcoin vs Ethereum: Comparison

Bitcoin and Ethereum both have been gaining great hype these days.

Moreover, Bitcoin has become a globally famous and well-known cryptocurrency. it still has the largest market value compared to all of the cryptocurrencies available right now.

Conversely, Ethereum did not have a groundbreaking influence like Bitcoin, but its developer learned from Bitcoin and created more features based on Bitcoin principles.

Ethereum is actually the second-most-value cryptocurrency on the market.

Let’s understand the difference by considering the various aspects.

Purpose:

Bitcoin is a digital currency or also it can be considered as an alternate currency. Whereas, Ethereum enables peer-to-peer contracts and applications via its own currency vehicle.

That’s why Bitcoin has emerged as a digital currency which is more secure, while Ethereum is more about smart contract apps.

By serving as a building platform for DApps/smart contracts, Ethereum also differs, allowing it to submit tokens that represent values.

Other than digital currencies, these values can be stuff, making it distinct from Bitcoin.

Price predictions:

As per the investing purpose, let’s first talk about the price prediction of both ETC & BTC. 

BTC closely follows the pattern of the previous two halves, as per the stock-to-flow price model. 

The model indicates that, over this four-year halving period, BTC could hit $288,000.

Likewise, data research firm Econometrics recently released a $41,000 price target for BTC by the end of 2020.


All in all, both cryptocurrencies may be interesting opportunities for investment and have a position in an investment portfolio.

Mining:

In Bitcoin, with the method known as work proof, miners can verify transactions. The same process goes with the Ethereum.

However, Ethereum is going to switch to proof of stake. Now, what is proof of stake, well with proof of stake, a person can mine or validate the transaction in a block based on how many coins he owns. 

In the case of Bitcoin, each time a miner adds a block to the blockchain, he will be rewarded with 12.5 Bitcoins. The next time the payout will be cut in half in 2020.

For Ethereum, any time a block is added to the blockchain, a miner or validator obtains a value of 3 ether in Ethereum, and the reward will never be halved.

Fees:

Starting with Bitcoin, for each and every transaction, miners charge certain transaction fees.

If you want to process your transactions more efficiently, you can apply larger fees to your transaction which can then attract miners.

On the other hand, Ethereum does not use transaction fees, but it has a gas system. Gas is a device that calculates the amount of machine effort needed to conduct such operations.

Solidity is used to code all the smart contracts that run in the EVM. A certain amount of gas is required for each line of code in solidity to be computed.

Block Size:

One of the most asked question is the “block size”. 

In comparing Bitcoin versus Ethereum, the block size is significant. It plays a key role in the determination of a blockchain’s transaction costs, confirmation times, and scalability.

Currently, blocks are 1 MB on the Bitcoin network. Disagreements about the size of the block finally led to Bitcoin Cash produced as Bitcoin’s fork.

Whereas talking about Ethereum, the size of the block measured in gas, with each block limited to 12.5 million gases.

As recently as June 2020, the gas limit was raised from 10 million to relieve the burden on the network, improve processing capacity, and minimize the fees.

Daily Transactions:

Bitcoin has been handling more than 25k+ transactions per day. The last record on 29 Sept 2020 was 297814. 

As cryptocurrency interest grew and cryptocurrency market caps hit peaks during the crypto boom of 2017-early 2018, regular transactions on December 14, 2017, also grew to a total of 490644 transactions.

On the contrary, the daily amount of transactions done on the Ethereum network is represented by Ethereum Transactions Per Day.

Ethereum Transactions Per Day is at a current level of 1.088M on 29 Sept 2020. It was the highest recorded at 1.35 million transactions on January 4, 2018.

Time:

As for the average amount of time, it takes 10 minutes for Bitcoin to add a block to the blockchain and It just takes about 12 to 15 seconds for Ethereum.

Check out our guide on which cryptocurrency offers the fastest transaction speed.

Hash Algorithms:

Hashing algorithms mean how these systems can protect their privacy and ensure safety. 

Bitcoin uses an SHA-256 hashing algorithm, whereas Ethereum uses a cryptographic algorithm called Ethash.

Technology:

In terms of technology, Ethereum takes the prize. Here are the reasons why Ethereum is better at technology than Bitcoin. 

  • In 2015, the Ethereum blockchain was released. In contrast to the Bitcoin blockchain (released in 2009), it is 6 years younger and further established.
  • Ethereum brought smart contracts. Moreover, you can use smart contracts for a lot many things compared to Bitcoin uses.
  • A more advanced edition of Bitcoin’s blockchain is Ethereum’s blockchain. It solves some of its problems and adds new functionality, such as smart contracts.
  • Ethereum’s transactions cost much less, yet they are faster too.
  • Last but the least, The transaction fees of Ethereum are far lower than the transaction fees of Bitcoin.

Bitcoin vs Ethereum: which currency is better

Though, both currencies Bitcoin and Ethereum have their own advantages. 

Bitcoin has a smaller supply of coins and is more liquid than Ethereum, but Ethereum has stronger technology than Bitcoin and offers more benefits.

Moreover, if we talk about the peer-to-peer transaction system, then Bitcoin works better. And Ethereum works well when you need to develop and build distributed applications and smart contracts.

Now the decision is on your own!

Conclusion:

Both Bitcoin and Ethereum are highly important and useful

Even if you are not a serious investor/merchant in cryptography, by buying BTC or ETH tokens, you will not go wrong. 

They both add enormous value to the world of crypto.

Ethereum has unlimited use cases, whereas Bitcoin just solves problems with transfers and banking.

No doubt, Bitcoin has a better value and position in the market, but Ethereum has improved technology and greater ability.

If you want either of these currencies to use on your website as a payment option you can consider the reliable payment gateway “Coinremitter”. Which can seamlessly handle all your transactions.

SO, what are your thoughts on Bitcoin vs Ethereum? Have you figured out which currency works best for you?

Share your thoughts in the comments, we would love to hear.

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Bitcoin Knowledge

How To Keep Your Bitcoin Wallet Safe: Fraud Prevention Tips

Are you taking enough safety measures to keep your Bitcoin wallet safe?

If you are doing, then it is a GREAT thing.

But, if you are not, then it would become a serious problem for you or you even might lose everything from your wallet.

But that day will never come into your life because we are here to give you some solid actionable tips that you can consider to keep your Bitcoin wallet safe.

Although, there is no doubt that Bitcoin is a very much safe currency and nearly impossible to hack.

Still, it is your job to implement good practices in order to protect your money.

It does not matter whether you use hardware, mobile, or a desktop wallet.

Your Bitcoin will always be attractive to scammers, fraudsters, and thieves, especially if you are holding or making purchases with a huge amount.

So, without any further due, let’s jump in.

What are the security risks if you do not take enough precautions to your Bitcoin wallet?

During the Coronavirus pandemic, the security risks have been increased. The hackers and fraudsters are trying to find new ways to access your wallet.

But do not worry, the crypto market can not be affected by such scams.

However, the risks are there. Below are the possible security risks that merchants could encounter.

1. Do not get overwhelmed

Yes, it can be the reason for your loss. Do not tell someone if you have profited from Bitcoin that you invested in a couple of years back.

This exposes you to all sorts of attention and makes you a target out there for really bad people.

Use common sense, you can be an easily targeted person both digitally and physically.

2. Scams involving phishing

During the pandemic, emails claiming to come from reputable sources such as charities and government agencies have increased.

How do these scams happen? This allows individuals to click on links to donate or buy personal protective equipment. 

These links are HIGHLY vulnerable from malicious websites where personal information can be leaked to hackers, such as private keys of crypto exchanges.

3. Scams related Investment

There are fraudsters who will act as a crypto-trader and tell you the high returns are now on cryptocurrencies just to make you fool.

They take the help of social media and emails to target users.

The predominant cryptocurrency on the market is now “Bitcoin”.

4. Never forget “Ransomware”

Ransomware can restrict a user from accessing a computer and its files, most commonly in Bitcoin, until the ransom is paid to hackers.

They also request payments via Bitcoin or other cryptocurrencies.

If you do not want to get into these troubles then install not just any but a legitimate anti-virus on your computer that protects your pc from any kind of current and upcoming viruses.

Now, let’s understand the ways that you can protect your Bitcoin wallet.

12 actionable advice that can keep your Bitcoin wallet safe

Despite these security risks, using crypto wallets is one of the best options to secure your cryptocurrencies.

If you take these tips into account, you will be free from any scams and security problems and your money will be out of any danger.

NOW, take a look at the safety measures you should take to protect your Bitcoin wallet.

1. Online Wallet:

 Using online wallets can store your private Bitcoin key online. It is a web-based wallet that can place great power into the hands of the organization that runs your online wallet because they have the private key.

It is always good to have access to your online wallet so that you can use your Bitcoins anywhere at any time.

There are some good legitimate online wallet providers one such example is Consider “Coinremitter”. It offers a bit more security like (2fa) and also encrypts your private keys.

2. Use two-factor authentication (2fa):

You must have heard about the two-factor authentication that just doubles your security with extra code.

It is essential to have two-factor authentication to your wallet, you need to take an additional security step rather than using only one password to access the crypto wallet.

3. A trusted password manager:

It might be challenging for you to remember the code of your private keys, which gives you access to your crypto wallet.

Now in this case you need a reliable password manager that can store and retrieve your code. 

And you will be free out of the hurdle to remember your private keys.

4. Use a solid password for your Bitcoin wallet:

It will be not any random password which generally includes birthdates, names, phone numbers, etc. You need to create a tremendously strong password for your wallet.

Your strong password should have contained the letters, numbers, punctuation marks and must be at least 14-18 characters long.

The safest passwords are those created specifically by programs designed particularly for that purpose. Remember your password or keep it in a very safe place.

5. Never give away your private key:

As its name depicts, your private key should be limited to yourself. 

Your private key is highly confidential. Do not share it with anyone and do not ask for transactions to be made for you by someone else.

Moreover, do not trap into the proposals or requests that involve a third party or person asking you to share your private key.

6. Save your private at a safe place:

Secure your Bitcoin wallet by saving its private key in a safe place.

It is recommended to write down the private key on a piece of paper and hide it to the location which can only be accessible to you.

Do not take the risk of saving on an electronic device, rather you have a very safe alternative.

7. Separate your wallet for daily transactions:

A very smart idea to separate your wallet if you use Bitcoin for your daily transactions. It also helps you in your time of need.

One great thing is that there is no limit on how many wallets you create.

The benefit is that the protection of your entire portfolio can be strengthened by sorting your transactions and keeping the most important ones apart.

8. Take backup your Bitcoin wallet from time to time:

Backing up your Bitcoin wallet regularly will protect you from computer crashes and a lot of human mistakes. It also helps to recover the data (only if you encrypted the wallet) if your device gets stolen.

It is less likely that any bad incident will keep you from recovering your wallet if your backup is not based on a single location.

Make sure that by periodically backing up all recent Bitcoin address changes and new Bitcoin addresses that you’ve created should be included in your backup.

9. Always verify the Bitcoin address:

You should always carefully check the recipient’s Bitcoin address when making transactions.

When you copy and paste a Bitcoin address and change the pasted output to another address, there are malware programs that can ‘intervene’.

You will end up giving your Bitcoins to someone else if you do not take enough care checking the wallet address.

10. Stay away from the suspicious links:

Whenever you surf the internet, just make sure to not click on any unknown or strange link.

Internet scammers are everywhere they can duplicate entire websites and use URL addresses that are almost identical to the legitimate ones.

If you use an online wallet or a similar service where you are required to enter the private key, make sure to verify that the website address is the authentic one.

11. Update your device software and antivirus:

Check for the update of your antivirus regularly. 

A daily upgrade of the software and antivirus solution is one of the best ways to improve the system to reduce vulnerabilities.

To prevent data breaches, you should always use the right security measures. The tips offered will enhance your protection online and help secure your Bitcoin wallet.

12. Use a VPN (a virtual private network):

Another way to improve your security is by using a Virtual Private Network app.

Using VPN you can encrypt your online connection, blocking hackers from tracking your crypto exchanges. To ensure their privacy online, many crypto traders use this method.

Final words:

These are the security risks and the possible precautions that you can take to keep the Bitcoin wallet safe and not let the scam happen to you.

No one is responsible if something happens to the security of your Bitcoin wallet.

The cryptocurrency scene is continually changing day-by-day and security systems are becoming more enhanced.

You should take all appropriate security measures and keep up-to-date with the latest changes and security upgrades.

Categories
Cryptocurrency Knowledge

Why it is essential for merchants to accept cryptocurrency in eCommerce store

Every business should know the importance of Cryptocurrency in eCommerce.

So if you are the one who is totally unaware of the effectiveness of cryptocurrencies for your website or you have just started your business and want it to be recognized worldwide.

Then, you just landed on the right spot!

Embracing cryptocurrency in eCommerce as a payment method can enhance your customers’ journey and extend your consumer base by providing more options at the checkout.

Here we are going to give you complete information on how the integration of cryptocurrencies is going to give your business a huge SUCCESS.

Stay tuned with us because we have a lot more to cover.

Quick info about cryptocurrency & crypto coin

Cryptocurrency is a digital payment method for verifying transactions that do not rely on banks.

It is peer-to-peer digital money that can enable anyone to send and receive payments around the globe. Yet it has no physical presence, it’s all online. 

Like any other currencies, cryptocurrencies are also used to purchase goods and services.

However, the difference here is that cryptocurrencies use cryptography to offer encrypted online transactions.

The transactions are registered in a public ledger when your consumers send you cryptocurrency funds. You store your cryptocurrency in a digital wallet.

Cryptocurrencies run utilizing a blockchain called technology. Blockchain is a decentralized technology that manages and records transactions distributed over many computers.

You definitely heard the name “Bitcoin”, well it is a crypto coin. There are so many this type of crypto coins out there. Some of the popular ones are Litecoin, Ethereum, Ripple, Tether USDT, etc.

Now you have got an idea about what is cryptocurrency and how it works.

What are the popular currencies to list on the website?

Cryptocurrencies that came after the launch of Bitcoin called Altcoins (alternatives to Bitcoin).

Let’s get to the details about the popular currencies that most of the people use to sell and buy products.

1. Bitcoin:

One of the most popular and widely used cryptocurrency. 

With Bitcoin, users are able to easily transfer the amount from one digital wallet to another digital wallet.

Many well-known brands currently using Bitcoin that includes Microsoft, AT&T, Boatsters Black, and more.

So you can imagine how popular and useful it is.

2. Ethereum:

Another extremely popular currency after Bitcoin is Ethereum also known as Ether. It’s managed by an open user network, just like Bitcoin.

There is no need for documentation to be processed because the smart contracts of ethereum are faster and simpler.

Hundreds of other users are able to validate transactions. In addition to getting verified, your transactions are also encrypted and stored on a public ledger.

3. Litecoin:

Litecoin is also yet another renowned cryptocurrency. It is faster than bitcoin in terms of process transactions which takes about 2.5 minutes compared to Bitcoin’s 10 minutes.

Moreover, Litecoin’s algorithms are less complex than Bitcoin. Litecoin has easier-to-crack algorithms. This can facilitate the settlement of mining transactions.

4. Ripple XRP:

Ripple uses the currency called XRP.

XRP was developed for users to digitally transfer money and not be exposed to bitcoin’s high transaction costs and conversion times.

Money is transferred to the XRP token to be sent through the Ripple network and then converted back to money when it is withdrawn. 

5. Bitcoin Cash:

The reason to develop Bitcoin Cash was to boost the scalability of Bitcoin. This has prompted Bitcoin Cash to grow in popularity.

Bitcoin Cash has increased each block size from 1 megabyte (MB) to 8 MBs to help boost transaction speed.

Moreover, a list of transactions that need to be checked is defined by each block.

List of Benefits for your business after integrating Cryptocurrency In E-Commerce

Here are the listed advantages of integrating cryptocurrencies as a payment mode on your website.

1. Top-level security:

The reason why people use bitcoin and other cryptocurrencies is its security. 

When making a transaction with cryptocurrency, you can not initiate a reversal when you approve the transaction or send the compensation.

The use of blockchain technology protects the privacy of users and offers protection from account tampering.

2. Reduced Fraud:


Overall, companies that accept Bitcoins are fairly free from fraud. From production through payment, Bitcoin is all-digital, so it is also remarkably linked to cash.

They will need to be more careful and cautious if businesses accept altcoins to turn them into dollars or another fiat currency. 

However, their system is likely to carry minimal fraud risk if they have suppliers to whom they can pay in coins.

3. Lower Fees:

Compared to other digital funding sources, one of the best things about cryptocurrencies is that it has lower overall fees due to no intermediaries such as banks.

But, there can be fees to convert the currency into a fiat currency, and so can a digital wallet that holds your coins.

Although fees are low, many will use a third-party service to create and retain their bitcoin wallets, such as Coinremitter.

4. Fast Transactions:

Cryptocurrencies can process immediately, giving you instant access to funds, unlike the credit card systems that take a couple of days to batch out and process.

The removal of intermediaries implies that, upon your approval, the transaction is completed.

And you will receive the payment instantly.

5. Attract more customers:

It will attract consumers from around the world. There are many who prefer to make purchases through crypto.

So, if you are the one who allows them to make purchases through the crypto then it can DRAW the attention of many consumers.

6. Separate from the competition:

Yes, it will separate your business from the competition, because if your business does something out of the box, then it will have an impact on competition.

How to accept payments through cryptocurrency in eCommerce

Now you might be thinking how do I start accepting?

So, there are generally two methods in which you can start accepting your day to day payments via your preferred cryptocurrencies.

In the first method, it requires your personal wallet. Now, what do I mean by your personal wallet is that you’ll have to set up a virtual wallet.

You can download it to your phone or computer, or you can also get a physical safe on a special hard drive that stores the cryptocurrency on the drive.

It really is the only protected hardware system that allows you to store the private key of a user.

Furthermore, the second method is preferable by many merchants. It will require the use of a third-party payment processor.

You can go with the payment gateway provider “Coinremitter” which will handle all your payment processes.

However, there will be an advantage for you if you use the second method which is that you can instantly convert your cryptocurrency payments into fiat. It will protect you from any price fluctuations.

Why Coinremitter is advisable is that it is currently giving the best to merchants as it’s also called merchant friendly gateway. 

Start accepting your payments in Cryptocurrency with Coinremitter

To begin the process, you need to know a bit about the Coinremitter: crypto payment gateway.

Coinremitter offers the integration facility into the supported plugins like Magento, Laravel, Opencart, WordPress, and more.

Not only that, but it also supports the most popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more.

You can select the currency according to your desire. Moreover, you can even list more than one cryptocurrency on your eCommerce platform.

Look at some of its best features.

Coinremitter gives 100% when it comes to its functionalities. It offers great advantages and features over the other gateways.

It provides multi-wallet support, digital wallet, no KYC requires, currency swap, and invoice creation.

And the most notable one among the merchants is its lowest transaction fee which is only 0.23%.

Coinremitter is the only one that offers a low transaction fee to its merchants. 

It is very pocket friendly to every trader and small/large organization.

Let’s head straight to the integration process of cryptocurrency in eCommerce that you can complete in a matter of minutes.

  • Initially, you need to build a wallet for whichever cryptocurrency you want. You can set up your wallet on Coinremitter’s website.

    All you need to require is to fill the details like wallet name, password, etc, and you are good to go.
  • Soon after that, set your API key and Password. To get an API key, click on the crypto wallet that you’ve just created.

    The new page will be open and it will take you to the credential tab where you’ll get the API. Read the API Guide here.



  • Finally, install the Coinremitter plugin on your website. Check this integration guide for Coinremitter.

All things considered

As a viable potential option for online payments seems to be a bet that will depend on the development of the current commercial scene.

It is essential for eCommerce traders to be up to date with the latest trends.

In order to change the strategy quickly and achieve a strategic edge over the competition, this is the most important thing.

However, you can set your business presence apart from the competition by accepting cryptocurrency in eCommerce.

Not only does it work as a payment gateway but it will also bring various opportunities and take your business to new heights.

Categories
Cryptocurrency Knowledge

Crypto Payment Gateway Integration For Your Website

Here we have come up with how crypto payment gateway integration is essential for your website these days.

As the world goes digitally day after day, the vast improvement in the shopping experience has been implemented.

It doesn’t matter whether your business is an online store, traveling business, an organization, or any kind of business. 

You must need a crypto payment gateway that is fast, secure, affordable, and offers a seamless checkout experience. Because many people nowadays tend to shop online rather than going to the store. 

This means that every merchant who wants to increase sales and wants their business recognized worldwide should consider crypto payment gateway integration.

Since these payment gateways handle very important transactions on your site, you want to ensure that everything happens seamlessly & perfectly.

In this article, we are going to address the important points related to the crypto gateway that you need to know.

So without any further due, let’s get straight to the quick understanding of the crypto payment gateway and the way it works.

What is a crypto payment gateway?

People have been using cryptocurrencies extensively for many years, and many companies around the world have already adopted crypto payment processing services on their websites.

To simply understand, the payment gateway which accepts cryptocurrency as payment is known as crypto payment gateway. 

One can make a payment through various types of cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, etc.

Using a crypto gateway can eliminate the intermediaries involved in the process, which ultimately fastens the payment process.

The crypto payment gateway’s unique feature is transparency. This gateway makes payments easy, ensures the privacy and security of transactions.

If you frequently make transactions then this is the gateway that allows you to send and receive money instantly across the globe.

Furthermore, as we have already mentioned above that there is no involvement of a third-party. The amount will go straight to your wallet without any chance of being hacked or theft.

Let’s look at some of the questions that need to be addressed prior to the integration of the crypto gateway.

How does the cryptocurrency payment gateway work?

There are mainly two major differences. 

First, a client pays through a digital wallet, not with the credit/debit card. 

Second, the transaction needs to done via cryptocurrency, not with the fiat currencies like USD, AUD, RUPEES, etc.

Let’s understand it step by step.

  1. In the first step, your customer will go to your website and places an order through submit or its equivalent button on the checkout page.
  2. After that, the website or the e-commerce platform takes the customer to a crypto payment gateway where the customer will enter all the relevant information about the coin. (Like wallet address and key)
  3. However, then the customer will have to enter the wallet address and private key in order to send the amount. (The private key is similar to the bank account password.)

    (NOTE: Keep your private key as confidential as you can. If someone steals it, or if you lose it, your amount is at high risk of being stolen. Keep it safe.)
  4. Once the payment has been made and validated, then the transaction will be posted on the (coin’s) blockchain public ledger showing payment from your customers’ public address to your public address.

ISN’T IT SIMPLE?

This whole process is highly secured and payments are made without the need for intermediaries.

Now let’s talk about some of the advantages if you’re integrating the crypto payment gateway to your web.

Know the advantages your business can gain from using the crypto payment gateway

It has been observed that merchants from a variety of industries are turning to accept payments into cryptocurrency to enjoy a number of advantages that are not provided by conventional payment methods.

Here we’ve highlighted some of the most significant benefits that businesses can gain by adding crypto as a payment option. 

1. Unmatched security:

Customers are not required to share any personal data when making cryptocurrency payments. The payments are completely anonymous, so hackers don’t have any identifying data to steal.

In addition, many companies greatly value their privacy, so they use cryptocurrency over other payment options simply because the buyer is not identified by any means.

2. Extremely low fees:

If we talk about the payments through credit/debit cards or banks, then there are tons of fees associated with them. In short, they all charge some type of fees which usually ranges between 3& to 6%.

However, cryptocurrency payment gateways like Coinremitter charges the lowest fee (only 0.23%) compared to other gateways. This can save you a significant amount of money.

3. Take your business globally:

Now even the smallest companies can now internationally sell their products and services or buy their supplies and equipment.

Business owners can avoid the hassles and costs that come with foreign currency transaction fees and exchange rates, with the help of cryptocurrency.

4. Attract consumers across the globe:

There are numerous crypto fans out there who are specifically looking for digital currency-accepting companies.

You can also gain a serious advantage over your competitors that don’t accept crypto by adding this new payment option.

5. No chargebacks:

There is no turning back in the case of cryptocurrencies. Once a transaction has occurred, the funds will go straight from one wallet to another, and the transaction will be recorded and can not be reversed.

Chargebacks are intended to STOP frauds.

Easy payment gateway integration with Coinremitter

If you have made up your mind to integrate a crypto gateway on your website then you must need to know about the Coinremitter.

Coinremitter is a crypto payment gateway in which you can start accepting your payments via cryptocurrencies.

It is a merchant friendly payment gateway with a large user base. Coinremitter has overall processed 6k+ Bitcoin with 2.3M+ total transactions.

Talking about its features, Coinremitter comes with loads of essential features which include a Digital wallet, multi-wallet support, no KYC & ID requirement, currency swap and invoice creation.

The most notable feature, and one of the reasons for many traders to accept Coinremitter, is its lowest transaction fees. 

Coinremitter charges 0.23% transaction fee which is the lowest among other crypto gateways.

The REASON behind its lowest fee is that it is created specifically for traders and small/large businesses to make them grow worldwide.

Moreover, the integration process of Coinremitter will not be a daunting task for you.

Follow our steps to Easy payment gateway integration in just three steps.
  1. It’s all starting with a wallet. As coinremitter provides a digital wallet service, you can start by making a wallet of whichever coin you want to list on your website.

Just fill out the details (wallet name, password, etc.) and you are good to go.

  1. After that, you’ll be required an API key & password in order to start accepting crypto payments on your website.

    To get that, click on the wallet that you have just created, and you’ll be redirected to the credential tab where you’ll get the API.

Consider this API Guide to understand deeply.

  1. Finally, just install the Coinremitter on your website.

    Coinremitter supports a number of popular open-source plugins so you can install it according to your platform.

    Check this guide for the installation process for Coinremitter.

That was all about the Coinremitter payment gateway integration.

Categories
Bitcoin Knowledge Tutorials

How Integrating Bitcoin Gold Payment Gateway Profits Your Online Store

Setting up a Bitcoin Gold payment gateway onto your site can give your customers another opportunity to pay for their goods.

However, it does not only offer a different mode of payment but, it also attracts clients from across the globe.

But how can this happen? (you might have this question in your mind)

Because, before the integration of the Bitcoin Gold payment gateway your customer had no option except to pay with credit/debit and PayPal.

So they tended to return from your website without making any purchase.

BUT, this is not the case with Bitcoin Gold or any other cryptocurrency. You’ll be have every payment option listed on your website. 

What it does is that this can let your customers make a purchase from their preferred payment option. Ultimately, you’ll gain new consumers and it will help in growing your business internationally.

Now, let’s get to know about what is Bitcoin Gold.

Bitcoin Gold

Bitcoin Gold (BTG) is a new form of cryptocurrency that emerged as a result of a hard fork in Bitcoin and strives to be more decentralized than Bitcoin.

It is used as a peer-to-peer currency capable of managing day-to-day transactions and competing with conventional credit card transactions like Visa.

BTG utilizes the same PoW consensus algorithm as BTC, so the only distinction among them is the use of the Equilash hash algorithm rather than SHA 256 to avoid Bitcoin Gold mining unless it is done with ASIC equipment.

Bitcoin Gold can be used just as Bitcoin Cash can be. It is a legal cryptocurrency, which can be used to transfer money or use it for investment purposes to others.

SO, before we move on to the integration part let’s look at some of its advantages. You’ll get to know how it’s beneficial to your business as well as your current & future customers.

Advantages of Bitcoin Gold to merchants

Bitcoin Gold is pretty much like Bitcoin except for a few distinctive characteristics.

These are the leading advantages: Fungibility -1 BTG is at any time equal to 1 BTG. The BTG is similar, replaceable, and interchangeable as a fungible digital currency.

Here, we have listed the advantages of your business as well as for your customers.

Profits your business:
  1. Usually, you can collect payments from BTG a few seconds after your customer sends them. That’s because the conventional payment processors don’t slow down transactions.
  1. Acceptance of Bitcoin Gold offers the company the potential to grow into an emerging client base for the future of payments and tap: people directly looking to invest their Bitcoin Gold.
  1. Since Bitcoin Gold transactions are irreversible, it becomes difficult to recover charges. Instead, consumers may be refunded at their own convenience.
  1. One of the key benefits of using Bitcoin Gold is that it offers security and relative anonymity. No personal details are needed to access the Bitcoin Gold wallet.
Profits your customers:
  1. Bitcoin Gold like Monero utilizes complete anonymity for transactions, protecting senders and receivers’ wallet addresses on the network.
  2. Thanks to its improved design, it allows for quicker transactions. While Bitcoin is thought to generate around 5 transactions per second, it is estimated that Bitcoin Gold is up to 27 TPS.
  1. It’s easier to pay with Bitcoin Gold, although there is no need to carry credit/debit cards. Users only have to enter their name and shopping information and they’re good to go.
  1. Bitcoin Gold is decentralized and there are no intermediaries operating the network, the transaction fee is also quite low.

Begin accepting Bitcoin Gold payments via Coinremitter

Why to delay?

TO stand out from the crowd, you have to take the step NOW!

Coinremitter will help you with that.

BUT first, understand why you should install coinremitter in order to accept BTG payments.

Coinremitter is a Bitcoin Gold payment gateway, also it offers many other currencies to integrate other than bitcoin gold. 

It is a merchant friendly payment gateway that offers tremendous features to its users such as currency swap, invoice creation, multi-currency wallet, No KYC requirement, 24/7 support, and more.

Moreover, it offers the lowest transaction fees (only 0.23%) which makes it very AFFORDABLE to everyone.

So that was all about its features and specifications now let’s head on to the integration process.

  1. First and foremost, you need to build a Bitcoin Gold wallet so you can start accepting your consumers’ BTG payments.


  2. After setting up a wallet, you’ll need to have an API key. You’ll get it by clicking on the BTG wallet. Read Get API key process.
  1. Then, you are good to install Coinremitter on your platform. Moreover, Coinremitter supports the most renowned open-source plugins such as Laravcel, Magento, OpenCat, WordPress, etc.

    Install according to your platform, as every platform has a different integration guide.

To sum up:

As you have seen the advantages for your customer and also for your business. By doing this, you are helping your clients and eventually, it’s going to help your business to grow.

Moreover, you can even list out “Bitcoin Gold Accepted Here” next to your Paypal, debit/credit, and other payment options.

This will draw the attention of your customers.

Categories
Bitcoin Knowledge Tutorials

Setup Bitcoin Cash Payment Gateway On Your Website

Integrating the Bitcoin cash payment gateway lets your customers pay who have been specifically looking to make purchases with cryptocurrency.

Setting up a crypto payment gateway for your customers is the best you can do TODAY!

If you want to stand out from the competition and expand your business to the international level then these subtle improvements on your website can give your business a new shape.

ALL YOU NEED to do give another payment option to your customers. Bet me, this will impact a lot on your business than you think.

As a merchant, your key priority is to be able to accept and process Bitcoin cash payments as easily and seamlessly as possible.

Thus, you can please your customers and accept bitcoin cash payments without any headaches.

Bitcoin cash offers quick and low-cost transactions. As the world digitally changes, electronic currencies like Bitcoin cash are becoming the go-to way of paying online and in retail stores.

Before we set up bitcoin cash payment gateway, let’s understand what is Bitcoin cash and how it’s helpful to your business.

What is Bitcoin cash

Bitcoin cash is a peer-to-peer cryptocurrency and people have been using it for a couple of years in their day-to-day transactions.

Nowadays, it’s not only the world’s first but also stable and most popular cryptocurrency.

Before the Bitcoin cash had a maximum block size of 1 MB, then it later increased to 8 MB, and now the current block size is 32MB. 

This means the increased block-size will allow more transactions to be processed.

With the Bitcoin cash, you can send and receive bitcoin cash payments directly from person to person. Moreover, Bitcoin cash is also used for investment purposes.

Why merchants should start accepting Bitcoin cash payments

There are a number of traders and users who have already set up the Bitcoin cash payment system on their website.

However, there are many organizations that don’t know the benefits of accepting Bitcoin cash payments.

So, let’s get straight to it.

1. Bitcoin cash is irreversible:

Transactions of Bitcoin cash payments are irreversible. What does that mean is that once the funds have been sent to the receiver’s wallet, the refund will not be available unless the receiver agrees.

Unlike the debit/credit cards where the payments can be refunded. However, this isn’t the case with bitcoin cash. Irreversible payments can also prevent fraud and give companies EXTRA protection.

2. Better user experience:

Using Bitcoin cash also offers consumers a better shopping experience since they don’t need to worry about theft of their credit cards.

It is a lot easier to pay online with Bitcoin cash. You don’t have to carry your cards and fill out all the informations. You can pay directly through BTC by entering your name and shopping information.

3. Expand business:

Accepting Bitcoin cash payments can expand your customer base. Moreover, many consumers these days are using BCH to buy products and services. Even, anyone with a smartphone can use BCH.

Coinremitter helps merchants by allowing them to integrate the BCH payment gateway on their website. So the customers from all over the world can make purchases.

4. Faster transactions:

After your client sends them you can receive BCH payments in a few seconds. This is because the traditional payment processors don’t slow down transactions.

However, payments don’t go through banks, there’s no delay or failed transactions. BCH is paid straight from the digital wallet of the customer with the transaction completed in a few seconds.

Accept Bitcoin cash payments through Coinremitter

To accept bitcoin cash payments on your website, you need to have a Bitcoin cash payment gateway installed.

Coinremitter: the bitcoin cash payment gateway helps merchants to accept BTC and any other cryptocurrency payments quickly & smoothly without any hurdles.

This merchant friendly gateway offers such quality features like multi-currency wallet, create an invoice, current swap, and more. 

However, coinremitter is known for its low transaction fees which is just 0.23% (lowest in the market)

With such features, it’s become popular among merchants from the past couple of years.

If talk about its integration process then it can be done in only 3 STEPS.

  1. Merchants should have a Bitcoin cash wallet. In order to set the Bitcoin cash option on the checkout page. The process of setting up a bitcoin cash can be done ion a matter of minutes.
  1. In the next step, you’ll require an API key and password which you can access by clicking on the Bitcoin cash wallet. You can read the API process here.
  2. That’s all, you’ve come to an end. Now you just need to install Coinremitter on your website. Install according to your platform and you are good to go.

Last words:

That was all about bitcoin cash. Integrating bitcoin cash can set your business presence apart from the competition.

SO, integrating BTC gateway is the wise decision you can take at the moment to extend your business and attract international clients.

Categories
Cryptocurrency Knowledge Tutorials

Integrate Dash Payment Gateway With Coinremitter

Have you ever thought about integrating the Dash payment gateway on your website and how your business is going to stand in upcoming times?

The “Dash Coin” becomes one of the world’s biggest cryptocurrency around the globe for the last few years.

Why does the Dash become much popular? The reason is that it offers a higher transaction speed and better privacy than Bitcoin due to its Masternodes feature.

Integrating the Dash payment gateway will give your consumers what they’ve been looking for and couldn’t get on your website.

So, if you give an option to make payments through Dash then the chances are that your business will attract customers from across the globe. Which eventually helps in growing your business globally.

SO, let’s first get to know what the dash is.

A quick idea about Dashcoin

Dash is a cryptocurrency similar to Bitcoin, which is a digital currency used for sending or receiving payments.

It developed on top of the blockchain technology that Bitcoin uses, but it has undergone some substantial changes.

However, Dash has many features that give it an edge over other cryptocurrencies such as Bitcoin and Litecoin.

Dash can be used to make transactions more privately and speedily way due to its three features: Masternodes, PrivateSend, and InstantSend.

Dash uses these Masternodes as a supplementary layer for its network. Reducing the need for trusted third parties to approve transactions that could potentially threaten the anonymity of any payments.

NOW, you’ve probably got what is the Dashcoin, which brings us to the next point which about its advantages for online businesses.

How accepting dash payments benefits your business

Dash is a quick and inexpensive way to accept your payments, whether it is an online store or any other business.

It offers significant advantages, in terms of transaction times, fees as well as security over credit cards, and other similar services.

Here are the benefits of Dash that both merchants and their consumers can get.

1. Lightning-fast transactions:

When it comes to transaction speed, Dash is much more obvious because it has a service called “instantsend”. This ensures that Dash is transferred from one wallet to another within 1 to 3 seconds.

Whereas, bitcoin takes an hour to complete. 

Moreover, in the case of unofficial wallets, the transaction speed is always the same.

2. Top-notch security:

In some cryptocurrencies, the individual can be connected to the transaction they made through an IP address and their wallet details. 

However, this isn’t the case with Dash. It has a feature called “PrivateSend” that allows users to transact entirely anonymously, unlike the pseudonymous Bitcoin.

3. No payments conflicts:

The blockchain system verifies that funds are available prior to the completion of the transaction. This making it almost impossible for consumers to make a payment without enough dash in their account.

Moreover, unlike most of the systems that accept credit cards, there are no holdbacks. When anyone pays with Dash you automatically receive all the funds.

4. Lower Fees:

As every financial transaction, there are fees paid for network support, which also happens with cryptocurrencies.

There are varying transaction fees within each of them, which are typically lower than conventional banking rates, in the case of Dash, they are lower than those of other cryptocurrencies.

Start integrating dash payment gateway your website

In order to integrate the dash payment gateway in your eCommerce store, you need a Dash payment API required.

The API will connect to the checkout system of the company to a payment receiving gateway.

This new payment infrastructures are technologically sophisticated and provide many features such as the ability to allow purchases in your smartphone, as well as access to real-time buying data. 

This can be used to help you plan ahead and make major business decisions.

The success and development of Dash as a mode of payment has made it a wise business decision to add a merchant account.

The process of integrating the dash payment gateway is easy and fast.

Install coinremitter: the dash payment gateway

Coinremitter is merchant friendly dash payment gateway that merchants can easily integrate on their site to offer another payment option to their consumers.

The range of features that Merchants can offer their consumers is secure checkouts, faster transaction experience, no hidden charges, and more.

Apart from that, as coinremitter is made to consider the need of merchants to offers some insane features which set it apart from the rest.

Speaking about features, like multi-wallet support, no KYC requires, currency swap, create an invoice, and most notable is the low transaction fees 0.23%.

The installation of Coinremitter can be done in a matter of minutes. Starting with setting up a DASH wallet.

Afterward, you need an API key in order to accept Dash payments. You can get it by simply clicking on the dash wallet that you have just created.

And in the last, install Coinremitter. As coinremitter supports the majority of open-source platforms so that you won’t encounter any difficulties regarding that.

Install according to your platform.

Categories
Tutorials

How To Accept Litecoin Payments With Coinremitter

YES, your business needs it. Staying up to date in the financial world should be your top priority.

Your business is not the first, there are way many organizations around the world that are already accepting Litecoin payments on their website and covering good SALES.

Litecoin is one of the most popular modes of payment that widely used by every merchant after Bitcoin. 

The time has changed, people have more options when it comes to making a transaction over the internet. Over the last decade, we have radically changed the way we get value over the internet from conventional payments to digital currencies.

Litecoin and the other cryptocurrencies have been extensively used in online stores and eCommerce websites to accept crypto payments from customers.

A quick idea about Litecoin:

Litecoin is a cheaper alternative to bitcoin. It’s a decentralized peer-to-peer digital currency that enables instant and low-cost payments to anyone worldwide.

It is also known as LTC and is the third-largest cryptocurrency evaluated by industry capitalization after Bitcoin and XRP.

It works as the same to its counterparts like transferring currency to one another. The only difference is that litecoin conducts transactions in units of Litecoin, not in USD or any other currency.

The history of the Litecoin’s price has revealed that it has been one of the best performing digital currencies with a steady VALUE since its beginnings.

SO, you can imagine the popularity of Litecoin, which brings us to the next point.

What benefits merchants can get from using the Litecoin payment gateway:

By accepting Litecoin payments on your site, you can serve the needs of your current and future customers. Ultimately, it will differentiate your business presence from your competitors.

Let’s understand that if you integrate the Litecoin payment gateway on your website, then what benefits your business would get.

1. Larger customer base:

If your business accepts Litecoin payments then you can attract a whole lot of consumers that are a tech enthusiast. 

By adding another payment option, your business will give them a secure and faster transaction experience.

No matter how small your business is, you can take your business internationally, regardless of the costly cross-border transaction fees.

With Litecoin, nothing can stop you from going global. As cross-border payments are easier, faster, and cheaper with Litecoin.

2. Faster transactions:

Litecoin processed instant payments, giving you prompt access to funds, unlike credit card systems that take a few days to batch out and process.

For small businesses, getting cash on hand is sometimes difficult. Acceptance of Litecoin payments will put cash within your grasp faster than when accepting payments via cards.

Litecoin has four times the total Bitcoin supply, and each litecoin block can process more transactions leading to faster confirmations.

The average Litecoin transaction takes just 2.5 minutes to complete as compared to Bitcoin, which takes up to 10 minutes.

3. Prevent Frauds:

In Litecoin, people can do transactions regardless of the disclosure of their personal information. This could only be possible if you transact through Litecoin or any other cryptocurrencies. 

There is no chance that anybody would leak the information and hinder the system. 

With Litecoin, that form of value does not have a personal identity attached. It is very much like digital cash.

4. Low Transaction Costs:

Yet another great benefit is the low transaction fees associated with each transaction. 

Though, it depends on how you accept litecoin payments, whether it is direct to your wallet or through a third-party provider such as Coinremitter. 

The fees are significantly lower than the services like Paypal or credit/debit card providers.

An important thing to note is that using Coinremitter: litecoin payment gateway provides 0.23% transaction fees to every merchant, which is the lowest among other gateways.

How to accept Litecoin payments on your website:

To start accepting Litecoin payments on your website, you need to have a Litecoin payment gateway installed on your site.

That means a Litecoin payment API is required. Now, what the API does is that it connects to the checkout system of the company to a payment receiving system.

All you need to do is just an initial set up, and in no time you can be on your way to accepting Litecoin and other cryptocurrency payments.

Integrate Litecoin payment gateway with Coinremitter:

Coinremitter is a merchant friendly crypto payment gateway that offers quality services globally to traders, large/small organizations, and those who love crypto.

It offers the ability to store, send, receive crypto coins online safely in minutes around the world.

Talking about its functionalities which includes a multi-currency wallet, currency swap, create an invoice, No KYC requires, and the most prominent is the low transaction fees 0.23%.

That’s why it becomes the most acquired gateway by merchants.

To integrate Litecoin on your checkout page, you must have to create a Litecoin wallet. It is very easy to set up the Litecoin wallet by just filling the required details.

Soon after that, you’ll need to have an API key and password which you will get by clicking on the Litecoin wallet. 

In the end, you have to install Coinremitter on your website. Coinemitter supports the most popular plugins such as Opencart, Magento, WordPress, and more.

There’s a different integration process for every platform.

To conclude:

So, that was all about Litecoin, how it’s helpful to your business, and how you can integrate into your site to accept litecoin payments.

By doing this, you’re providing much value to your consumers and giving them what they want.