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What crypto should I accept for payments?

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Comments

  • xehxeh Member

    Personally I recommend hoodpay.io (payment gateway), they accept most tokens and have no KYC and if I remember right very low fees

    There's generally no plugins for WHMCS, paymenter, etc for it though

  • @Uchiha said:

    @matey0 said: Trust Wallet is very popular and decent in that your keys don't leave your device. At least part of it is open-source (https://github.com/trustwallet/wallet-core), unlike most other multi-coin wallets. Given that it implements a bunch of different blockchains the attack vector is fairly large I assume though. Coinomi is another decent alternative, which is available for desktop too.

    So, it's fine to use Trust Wallet? if they vanish overnight, will my crypto be safe in that scenario?

    Fine to use yes. I wouldn't put millions into it. For serious paranoid crypto setups you want the signing to happen on an airgapped, offline device (such as trezor or DIY).

    Trust wallet has a central seedphrase which you can write down. While it doesn't display your seedphrases for the various blockchains in the app, they are all mathematically derived from the Trust seedphrase and that derivation code is open-source: https://developer.trustwallet.com/developer/wallet-core/integration-guide/wallet-core-usage
    So if the devs disappear it will definitely be possible to derive your coin-specific seedphrases and import them into another wallet.

    Thanked by 1Uchiha
  • @Uchiha said:

    @Tange said: CoinGate

    They asked for many documents for the account, such as your passport, national ID card, photos, bank statements, company registration documents, blood reports, STD reports, etc.

    that kind of verification is a must if you want use these companies, you may find a way to "bypass" the verification, or you just forget about it.

    if you do not use these companies, you can code youself a payment gateway, its' not that hard, https://btcpayserver.org/ , BTCPay is one of them, but they only support a few coins, and i think they do not support USDT ( i could be wrong, but i never see USDT option in BTCPay )

    in my opinion , USDT ( different chains ) is a must if you want accept crypto, everyone in the crypto world has USDT

    Thanked by 110thHouse
  • @Tange said:

    @Uchiha said:

    @Tange said: CoinGate

    They asked for many documents for the account, such as your passport, national ID card, photos, bank statements, company registration documents, blood reports, STD reports, etc.

    that kind of verification is a must if you want use these companies, you may find a way to "bypass" the verification, or you just forget about it.

    if you do not use these companies, you can code youself a payment gateway, its' not that hard, https://btcpayserver.org/ , BTCPay is one of them, but they only support a few coins, and i think they do not support USDT ( i could be wrong, but i never see USDT option in BTCPay )

    in my opinion , USDT ( different chains ) is a must if you want accept crypto, everyone in the crypto world has USDT

    I assume BTCPayserver supports XMR? At least @MannDude made his own fork that does, it is possible.

  • @10thHouse said:
    I assume BTCPayserver supports XMR? At least @MannDude made his own fork that does, it is possible.

    YES,support XMR, they said on their official site

    Thanked by 110thHouse
  • ArrowBoiArrowBoi Member
    edited August 2024

    @Uchiha said:
    I am setting up a crypto payment gateway, but I don't trust cryptocurrencies much. However, customers are demanding it. I am considering providing only BTC, ETH, and USDT as options since they are relatively stable and reputable. Besides these, which other coins should I accept? The gateway provider also has an option to auto-convert these coins, such as converting BTC to USDT. Should I use this feature as well? Thanks.

    Majorily I'd recommend the following
    BTC
    USDT
    ETH
    LTC
    DOGECOIN
    XMR

    also I'd say accept them as it is without auto converting as sometimes they charge conversion fee and its better to receive it as it is.

    I currently accept those through cryptomus.

    Thanked by 110thHouse
  • @ArrowBoi said: DOGECOIN

    really?

  • PulsedMediaPulsedMedia Member, Patron Provider

    BTC,XMR,LTC

    Rest is based on your risk tolerance, gateway etc.

    Thanked by 210thHouse sillycat
  • ArrowBoiArrowBoi Member
    edited August 2024

    @Uchiha said:

    @ArrowBoi said: DOGECOIN

    really?

    Yes, I've received 2 dogecoin payments so far out of the 3 crypto payments I've had and I know its a meme coin but its being held by a lot of people now.

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