Are you looking to accept Bitcoin payment on your website? Well you’ve found the right article.
Cryptocurrencies remain a healthy business where traders have a lot of money to make.
The Bitcoin transfer gateway helps traders to accept trades in Bitcoin. Nowadays, most of these payment providers find it easy to purchase and sell many other altcoins such as Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Since then there have been a number of sudden raises and decreases in a matter of hours. This kind of instability means that business entities of all sizes need to guarantee that any payments obtained in Bitcoin are easily translated into fiat currency in order to avoid future losses.
Payment providers allow the automatic conversion of bitcoin and other altcoins to the fiat currency. They encourage traders to automate these payments and include a host of other resources and reports to help make the whole transaction as easy as possible.
Benefit of Accepting Bitcoin Payments on Your Website
There are a variety of incentives that allow consumers to pay for bitcoin. Here are the key reasons that traders should consider including bitcoin to their portfolio of payment methods:
- Propose new forms to pay to current consumers
- Gain connections to potential consumers who prefer to pay for products and services through cryptocurrencies;
- Encourage consumers to use a confidential mode of payment (no embarrassing credit card statements)
- Transfers are safe and are stored forever on the blockchain database.
- Minimize costs associated with other payment types, such as credit cards, etc.
- Help fund the bitcoin movement
Okay, so now you’re persuaded that you want to start accepting bitcoin, let’s have a peek at the best cryptocurrency payment portal in 2018.
Best Bitcoin Payment Gateway Providers in 2020
Coinbase is the largest bitcoin exchange in the United States and is also one of the largest blockchain exchanges in the nation. Having so many users, Coinbase has the resources to build some amazing tools to help make it simpler for its users.
The corporation is headquartered in the United States and is thus expected to comply with all U.S. currency exchange rules. That is why it is one of the most stable exchanges, which is very important considering that the cryptocurrency industry remains relatively unregulated.
Coinbase can be used as a payment portal as well as a daily exchange. It allows the exchange of instant currency from Bitcoin to fiat currency without the need for a dealer to order a withdrawal. The exchange provides this service fully free of charge on the first $1 million of trades, after which Coinbase will charge a trading fee of 1% from then on.
Payments would be made to the merchant’s bank account at a regular time of 2 to 3 days, making it a perfect choice for companies of all sizes. The biggest downside to Coinbase is that it runs only in a small range of countries around the world. You can click this link to visit their site for more information.
Coingate provides a completely user-friendly software that helps traders to set up and track payments from their phones. It also has the additional advantage that it supports some 40 other cryptocurrencies, ensuring that traders can significantly increase the amount of different payment options that they deliver only by using this crypto payment portal.
As if that wasn’t enough to attract your curiosity, Coingate provides a number of different plugins and also helps you to build bitcoin payment buttons on every website. Coingate charges a 1% fee on all purchases, which typically take around 1 hour.
CoinsBank is a user-friendly bitcoin payment processor that has a strong reputation within the industry. You can download applications for Android and iOS for smartphone use free of charge.
This awesome bitcoin gateway supports several big fiat currencies, including USD, GBP and EUR. The app provides a one-click quick deposit and withdrawal feature that is useful for high volume traders.
An extra advantage is that Coinsbank helps you to send money to your family and friends free of charge 24/7. All sales are made at the pace of the live economy.