How to accept cryptocurrencies in my store (Wallet adress)

[gmhistory 19]

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.

[sunnynguyen 98]

I think creating wallets on exchanges. they are experts in this field. Using offline wallets is also not necessarily better

[Teminali69 1081]

First of all you should use stable coins for stable business and then you could just have a wallet address provided to the customers as well ass a qr code for the address to scan and pay directly, and you should use wallets that shows instant transaction so that nothing goes wrong.

[Chrenova 182]

Sometimes it is very easy to detect scams, they always try to talk to you new users on telegram offering you offers in cryptocurrencies, they tried to scam me many times. I only fell once when commenting on this world, I sent someone dollars and never sent me the coins. I think the best thing is to do what you say, the safest thing is the exchange within an Exchange, because they have security methods that cannot be passed through something and if you have a problem, the platform has insurance to back up your money against any claim . Transactions within the blockchain are very secure, and you almost always have to take a good look at where we send our money, because if we make a mistake, the coins will not return.

[Omar Ommeish 4872]

I advise you to pay using stable currencies, because most cryptocurrencies have different rates every minute and it is difficult to maintain a specific value for them.

[SuperCrypto 7193]

Cryptocurrencies, led by bitcoin, have become an ideal means of digital payment in stores because they offer high speed, cost and very little transaction fees. I hope that more stores have paid attention to the preference for using cryptocurrencies in their businesses and added them as a payment option for their users.

[Elpipotema 119]

It is not mandatory that you have to open an account in an Exchange, everything will depend on what you want to do with the cryptocurrencies, you can save it for holding or convert them at once into fiat currency. There are wallets that allow you to associate your credit card without the need for an Exchange, and in order to receive them I recommend that you expose the wallet address (QR code) in the store.

[George10 9932]

Accepting bitcoin or cryptocurrence as mode of payment to any services one is offering is a good step to make in crypto world because there are many crypto users around the globe and this means the support to the businesse can be great.

But it's important to look on the businesses first because it needs to be a legit one and adding tight security measures to the wallets receiving payments should be the first priority before starting to receive payments in order to lessen chances of being brought down by scamers or hackers.

[Russel 017 506]

At first you ought to use stable coin for businesses. Secondly you Just have wallet address provided that to the customers for scanning to pay Directly

[Digital 387]

Wallet is a storage area where you store your crypto currency and if you want to fund your crypto currency you kindly copy your   wallet address and insert it to where you want to send your funds from after it is successful you can see your coins rolling inside your wallet.

[Calvinpriva 17296]

On 10/6/2020 at 6:51 PM, gmhistory said:

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.

Well explained but this is a long way top accept crypto in your business. You can simply use third-party wallets for payments like bitpay or coinpayments, it's easier to accept payments and easier for buyers to make payments with those two wallets.

[Nicole018 4548]

this is a really amazing piece of information for all the new beginners out there who are looking to withdraw Bitcoins out of their wallets in a safe and effective manner. Yes the users can use this option so that it would necessitate easy withdrawal of Bitcoins and make sure you follow the steps the exact sequence, in order to avoid any kind of consequences due to non adherence.

[Mark wood 2970]

On 10/6/2020 at 8:51 PM, gmhistory said:

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.

If you are really interested then it will be beneficial for you to have stable coins so that will help you more because many coins aren't stable they change their value at the passage of time and it depends on the market so you should care of these things..

[Jack764 1841]

You can have more than one wallet in more than one platform and having a cryptocurrency wallet is easy.  But the thing that we have to do is protect this wallet from hackers and fraudsters, so we have to keep the information on the wallet confidential and not share any information about the private key or wallet to anyone.  A wallet address is a series of random numbers and letters that cannot be repeated in more than one wallet.  The wallet address is the symbol with which you can send money to the wallet.

Edited October 23, 2020 by Jack764

[Projectcrypto 4382]

Exchangers are quite good for storing our coins but some of them are not too safe which is why i think you make use of the likes of Coinbase wallet, trustwallet or Coinomi wallet which are all good and have earned good reputation from many people around the world because security is the quality of every wallet and they all have it.

[Ryken8 545]

Good information for beginners, this is one of the first things that beginners should know in order to start making transactions with cryptocurrencies.

[Prt Btc 78]

For those businesses that carry out frequent transactions, it may be interesting to consider accepting payment in cryptocurrency in general.

[Projectcrypto 4382]

On 10/9/2020 at 12:29 PM, SuperCrypto said:

Cryptocurrencies, led by bitcoin, have become an ideal means of digital payment in stores because they offer high speed, cost and very little transaction fees. I hope that more stores have paid attention to the preference for using cryptocurrencies in their businesses and added them as a payment option for their users.

We are hoping to see more options for payment in the future because Cryptocurrency especially bitcoin is showing good improvement in gaining popularity in most part of the world and that will enable us accomplish transactions more easier in the future.

[Oxygen99 1930]

On 10/22/2020 at 9:34 PM, Digital said:

Wallet is a storage area where you store your crypto currency and if you want to fund your crypto currency you kindly copy your   wallet address and insert it to where you want to send your funds from after it is successful you can see your coins rolling inside your wallet.

Correct my friend but we also have to remember that not all wallet are legit because nowadays scammers do create fake wallets which will make less experience people fall victim and for that reason i suggest we make use of the likes of Coinbase wallet, trustwallet or Coinomi which are well recognized.

[Mwangi 5611]

Its the esiest thing there is , you can put up a good app, to me I use trust wallet and then make sure that you are able to really be sure that you are able to generate addresses and when you do so there is another way to also offer a chance to make everything work for you , you can scan QR codes when you want or you can send using the addresses that you are not suppose to use

[Oxygen99 1930]

On 10/8/2020 at 7:55 AM, Omar Ommeish said:

I advise you to pay using stable currencies, because most cryptocurrencies have different rates every minute and it is difficult to maintain a specific value for them.

You have a good point there my friend because volatility is the nature of all Cryptocurrencies which will for sure not make you get the exact value but it will be left for users to choose since we have many options to use but we also have to be careful when choosing.

[Btc1998 55]

There are many sites that provide these services
You can find one of them by searching the internet.

[Dormilon 2183]

On 10/6/2020 at 11:51 AM, gmhistory said:

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.

Depending on where you are, it is a very good idea to charge with cryptocurrencies in your store, of course you must use monenas with a good project and that offer a good profit rate, there are many stores in the world that accept BTC, DASH, ETH, and others. It depends on the merchant, in my country some use EOS to exchange goods and services, although I still see it as somewhat insipient, cryptocurrencies could very soon become an option for commercial transactions for daily items in the world on a larger scale, it will only have to overcome the obstacles of governments that seek to stop it.
The placement of QR also depends on the number of inhabitants who have smartphones or devices that allow this method, for now using the QR or copy and paste wallet is a valid option.

[scorpiali 5626]

It's simply way to keep your couns in your Wallet, just care about the security and store your keys in a safe place ,as we say your keys your money, specially for the erc20 token and ethereum blockchain 

[Guru2050 8284]

With readily available legit Crypto wallets, it's very easy to receive payment of Crypto coins. I will recommend one to use hard Wallets or offline wallet such as nano or ledge and Coinomi wallet. In addition one can also go with coinbase, blockchain or trust wallets they're also good options. But be extremely careful while handling the private keys as they carries the money.