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gmhistory

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  1. If ther is only a small volume of cryptocurrencies users, the easiest way to accept cryptocurrencies would be to ask the customers to transfer the money directly you. But before being able to do so, you need to set up a wallet first. Essentially, a wallet is just a string of random letter and numbers. All you need to do is register with one exchange, receive your wallet address, which is also your public key, and a private key, which is necessary for signing for transactions and should be kept secret. In order to be able to withdraw funds from your wallet in flat currency, you will need to link your bank account or your credit card. To make things easier for your customers, it might be a good idea to present your wallet address in the form of a QR-code. All they will need to do is to scan it, put in the amount of cryptocurrencies necessary and sign with their private key. Bitcoin’s value is known to fluctuate a lot, so make sure to look up the current exchange rate on any major exchange before conducting the transaction.
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