Think of it like adding a PayPal button to your website. With Bitcoin, the process is similar to this. Note: If you go the advanced route and connect to CoinGate through their programming APIs, you would need to an SSL certificate to do this properly, but this is beyond the scope of this guide. Finally, click the blue publish button on the top right area of the page. Open that link in a new tab, and keep it open for later! Or take note of the URL for going to it later.
Continued after the image below. Keeping the current tab or window open with your WooCommerce settings, open a new window and navigate to Coingate. Click the big Register Now button at the top to get started. In the API App setting screen, make sure to set the CoinGate invoice time to something a little higher than 20 minutes.
I chose 24 hours for this test.
What To Consider Before Receiving Your Salary in Bitcoin
This is how long your customer will have to send you Bitcoin before the order expires. A novice Bitcoin user may take a few minutes to complete the order, then it takes a few more minutes for the Bitcoin network to validate the transactions through the Blockchain, so I think 20 minutes is a little tight. The area is highlighted see image below. Now, remember the URL you saved earlier, or left open in a window?
Then, at the top, click the link to visit your live product page. Once there, test everything out by going through your shopping cart process! This is where your customer which you are now impersonating will send you Bitcoin! Well, the simplest way is with the most widely used online Wallet, CoinBase. Complete all their verification steps so that you can buy some Bitcoin with your credit card.
Note: Coinbase is an online wallet.
Bitcoin for Individuals - Bitcoin
Never store large amounts of Bitcoin in an online wallet. Bitcoin is like cash. There are no refunds. No insurance.
- So you're considering taking a salary in bitcoin;
- How To Accept Bitcoin on Your Website;
- Bitcoin Definition - What is Bitcoin?
- negative quotes about bitcoin.
No nothing. When you wake up, you have no idea where the money is, and no authority in the world will reimburse you for it. Now, go back to the CoinGate invoice page, hopefully still open in another window or tab. The Bitcoin network already has begun to validate the transaction.
NOTE: Coinbase is slow. Since they handle millions of transactions, there may be delays.
You may want to download a Bitcoin software wallet directly to your computer for the fastest possible transaction speed. Also, for large amounts of money, a software wallet you keep locked away and encrypted, with multiple backup copies, is the only truly secure way to keep your coin safe. Check out Bitcoinsecurity to learn more! A good bitcoin wallet is Electrum. Cash App now supports direct deposits and Bitcoin trading. This is another great option if you are already a Cash App user, though you will pay a higher cost for Bitcoin trades than in LVL.
Bitwage is a company that enables you to have your direct deposit automatically converted into Bitcoin. The service seems to work as advertised, but I found their website overly complicated, and it has more fees than LVL. Isaac lIen.
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