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How To Accept Cryptocurrencies in Your Business

Are you interested in cryptocurrencies? Do you have a business and do not know whether you should take it as payment, and how to do it? Visit the right place.

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Are you interested in cryptocurrencies? Do you have a business and do not know whether you should take it as payment, and how to do it? Visit the right place.

The price of Bitcoin continues to increase, and the public interest that cryptocurrencies arouse is only growing as time passes, so in this article, we will see what alternatives we have if we want to accept cryptocurrencies as a means of payment (as well as the implications that have) in a business.

Large companies are already investing a lot of work and money to operate these cryptocurrencies, but small businesses can also benefit from the same advantages.

For those businesses that transact frequently, it may be interesting to consider accepting payment in cryptocurrency in general (and in Bitcoin in particular) to increase the revenue from their sales, and even more so with the current hype of cryptocurrencies.

The main reasons for this step can be as diverse as attracting new customers, eliminating certain types of fraud, or showing a modern, up-to-date company.

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Although we are going to focus the article on Bitcoin as it is the most popular and widespread cryptocurrency, much of what we are going to comment on is directly extrapolated to the rest of the cryptocurrencies.

To understand how Bitcoin payments work (and how to accept), it is necessary to familiarize yourself with some terms. If we are clear about these concepts, taking this type of payment is not excessively complex.

1. Terminology

Wallet:

A wallet, electronic pur se, or wallet is a software program in which cryptocurrencies are stored. Technically it is not a correct definition since bitcoins do not “move” anywhere, but conceptually we will take it that way.

Exchange:

It is a digital market in which traders can buy and sell bitcoins using different currencies (FIAT, or legal tender currencies such as the euro or the dollar, or ALTCOINS, or alternative cryptocurrencies, such as Ether, Litecoin, etc.).

It is still a digital way that acts as a source between users and bitcoin sellers.

QR Code:

It is a type of barcode formed by a matrix of blocks or dots, and that can be easily scanned with the camera of a Smartphone.

Public key:

For safety reasons, it is always used to encrypt a message. To decrypt a different key is used but associated with it, the private key. This is termed as asymmetric cryptography. The public-private key pair ensures secure communication.

Hardware terminal:

It is a hardware communication device that manages the input and presentation of data. For example, a terminal can be a PC connected to the network. For more details, Financial freedom is Here.

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2. Offline Operations

Wallets:

If we are talking about businesses with a small volume of potential cryptocurrency users, the first way we can accept payments in Bitcoin, and the easiest, would be to ask customers to directly transfer the money.

Still, before doing something like that, it is necessary to configure a Bitcoin wallet in any of the existing crypto exchanges.

All you have to do is register a wallet with an online Exchange, receive the wallet address, which is also the public key (a string of letters and numbers), and a private key, necessary to sign transactions and which should be kept secret, and use the public key as the wallet address for customers.

To make the process easier, it is a good to present the wallet address as a QR code. In this way, all the user has to do is scan the QR, enter the corresponding amount of Bitcoins, and sign with their private key.

Since the value of Bitcoin fluctuates a lot, it is imperative to make sure you get the current exchange rate (at the moment) in any recognized and guarantee Exchange before making the transaction.

In this case, to withdraw the funds from the wallet and obtain fiat currency again, it will be necessary to link the checking account or the credit card.

Also, it is essential to notify users or clients that payment in Bitcoins is accepted through an advertisement since otherwise, they will rarely know that they can pay with a cryptocurrency.

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3 Tips for Designing the Perfect Cryptocurrency Blog

The design will also have a big impact on how many people you keep on your website, and for how long. Here are some tips for designing the perfect cryptocurrency blog.

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Tips for Designing the Perfect Cryptocurrency Blog

Crypto is back in the news right now, and, if you’re a big fan of crypto and know a lot about it, then you could make a little bit or even a lot of money with a cryptocurrency blog. You have to make sure that it’s designed properly, however.

This will make your blog come across as more professional, reliable, and credible. The design will also have a big impact on how many people you keep on your website, and for how long. Here are some tips for designing the perfect cryptocurrency blog.

1. Look at What Other People are Doing

The first thing you should do when designing a crypto website is to scout the competition and see what they’re doing. Now would also be a good time to start looking at sites for information. If you want accurate information on price action for different currencies, a site like OKX.com will help. You should also check out some of the main information sites and inspire yourself with their design.

Look at different blogs and see how much emphasis they put on images. Look at the banners and if they’re using a pop-up or pop-under.  Also look at the navigation, size, and weight of the fonts, color schemes, and the site’s layout.

2. Leave Plenty of Space

You shouldn’t obsess over design elements when it comes to a blog. Look at any of the top blogs in any category and you’ll notice that most of them have very barebone designs with lots of white space. And you can rest assured that they did not come with that design by accident.

3 Tips for Designing the Perfect Cryptocurrency Blog

White space is your friend and allows people to concentrate on the content. White space will also make images stand out. So don’t be afraid to have plenty of white space and try to use impactful images or titles instead of snazzy design elements to attract attention.

3. Perform thorough A/B Testing

You have to test every element of your website and monitor your metrics closely. You have to look at bounce rates, average time spent on pages, and how many pages on average people visit when they come to your blog, among other things.

The best way to test your website is to put it through multiple rounds of A/B testing. This is when you present an alternative version of the website to visitors and see how specific elements impact your metrics.

Be very careful to only test one aspect of your website at a time, however. If you test color schemes and fonts at the same time, for example, and you see a drop or increase in bounce rate, you won’t be able to know what the exact cause was.

These are all things that you’ll need to do if you want to build a great cryptocurrency blog this coming year. If you manage to give your readers the content that they need and work on promotion, you could amass an audience very fast, so be persistent and commit to offering your audience the best product you’re capable of.

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