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Anyone used bitcoin before?

Discussion in 'Payment Processing' started by Chancey, May 10, 2018.

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  1. #1
    Me and my client want to try it, but I am not sure whether it would be safe. He want to send me money over the payment processor "Bitcoin". Where can I claim the money?
     
    Chancey, May 10, 2018 IP
  2. Galaxyrover

    Galaxyrover Well-Known Member

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    #2
    If you are new to Bitcoin, I suggest you first to read this Getting started guide https://bitcoin.org/en/getting-started .
     
    Galaxyrover, May 10, 2018 IP
  3. ridingthemoneywave

    ridingthemoneywave Peon

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    #3
    Before dealing with it, I recommend you to learn as much as possible. Here you have some great tutorials, so you can remain safe and use it as a currency to get paid:

    What is Bitcoin:
    How to use a BTC Wallet:

    I hope it helps, and welcome to the world of cryptocurrencies!
     
    ridingthemoneywave, May 10, 2018 IP
  4. Bout Warrior

    Bout Warrior Member

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    #4
    I don't know where you're from but there are bitcoin atm's available now where you can exchange money for bitcoin and bitcoin for money. Do an evil scientist :) google search and it should lead you in the right direction.
     
    Bout Warrior, May 21, 2018 IP
  5. Spurs

    Spurs Peon

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    #5
    BitCoin ATMs are expensive. Far far better to get a CoinBase account and work it from there.
     
    Spurs, May 22, 2018 IP
  6. mrmax

    mrmax Well-Known Member

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    #6
    The price of Bitcoin and every other cryptocurrencies can go up and down dramatically! I recommend you ask your friend for USDT, Tether is equal to ~1$ always! So you will not loose your money if Bitcoin price dropped! Just note that In this case if BTC price go Up you will be angry!!! :)
     
    mrmax, Aug 19, 2018 IP
  7. egoldzone

    egoldzone Banned

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    #7
    Yes you can accept bitcoin easily
     
    egoldzone, Sep 6, 2018 IP
  8. Orol

    Orol Member

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    #8
    If you are a beginner, I recommend using the most popular cryptocurrency wallets for payment. One of the most popular in my opinion is the Blockchain wallet. Try it.
     
    Orol, Sep 11, 2018 IP
  9. payger

    payger Greenhorn

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    #9
    There are a couple of bitcoin payment processors on the market. The bank settlement takes 2-3 days via SWIFT depending where you are based. What is the origin of your business? Some provide escrow features, while others are just enabling you to get the Bitcoin directly. We are building a crypto payment processor too and for example convert all incoming Bitcoin, Ether, Dash etc. into stablecoins like Tether, USDC, and others. In this way, you as a merchant are protected against price volatility, yet you stay digital. That means you now could take the money and pay it forward to pay your suppliers, staff, freelancers etc. Paying with stablecoins just takes seconds and is very cheap in comparison to other services.
     
    payger, Jan 17, 2019 IP
  10. demonicsheikh

    demonicsheikh Member

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    #10
    Never accept bitcoin as payment if you are new to Bitcoin.

    Always use alternative.

    Bitcoin is highly unstable nowadays because of fluctuation.
    $100 payment can go down to $80 in seconds.
     
    demonicsheikh, Jan 21, 2019 IP
  11. MapleLeaf

    MapleLeaf Member

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    #11
    Or it can go up to $120 in seconds. I suggest the OP read into Bitcoin. Once you understand the basics, accepting bitcoin is easy, and 100% safe. Just make sure you ask for the BTC first :)
     
    MapleLeaf, Apr 4, 2019 IP
  12. Spartan14

    Spartan14 Active Member

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    #12
    Well i think you should documentate a little until you test the waters ,bitcoin its a risky field like forex but it can be also very profitable
     
    Spartan14, Apr 5, 2019 IP
  13. service.komputer

    service.komputer Active Member

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    #13
    bitcoin price starting to rise now, so it would be good for you to accept bitcoin payment now.
     
    service.komputer, Apr 6, 2019 IP
  14. Zain Hosting

    Zain Hosting Member

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    #14
    I will suggest you to use coinpayments.net you can accept BTC or any other coins through this payment gateway.
    I am also using it and without any problems.
     
    Zain Hosting, Apr 20, 2019 IP
  15. it career

    it career Notable Member

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    #15
    Ethereum transaction is much faster, you can also use our ITSToken to process payment.
     
    it career, Apr 21, 2019 IP
  16. ctzulu

    ctzulu Active Member

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    #16
    one profesional way is accept it on kraken (generate recieving address)and directly convert to euro then wire bank for a cost of around 10cent
    to store use a multi asset wallet like coinomi
     
    ctzulu, Jun 27, 2019 IP