Bitcoin is a cryptocurrency, digital money encrypted by the blockchain technology. This blockchain ensures a safe transaction with no third party involvement. One outstanding thing about this digital currency for gambling is that they are easily transferable across all the borders at a very low cost.
If huge charges scare you while transferring your money like currency conversion fees or service fees for keeping records of the bank account, Bitcoin comes to your rescue.
Bitcoin payment processors allow businesses to receive cryptocurrency payments from individuals or merchants for the products offered. It is decentralized, hence only the sender and the receiver know the transaction. Some platform provides facilitate with features of Bitcoin casino no deposit bonus.
Before we jump ahead, let’s see.
How the Bitcoin Payment Service Works
Bitcoin payment processing has a variety of channels that integrate with the direct billing system and e-commerce’s point-of-sale (POS) payment system.
Basically, anyone who has an internet connection can sign up for Bitcoin BTC merchant services and can start receiving Bitcoin payments from the customers, using any transaction mediums from across the world.
Bitcoins are stored in the blockchain ledger. Once the cryptocurrency software is installed, it generates a Bitcoin wallet address. You can start receiving Bitcoins from anywhere in the world using this unique wallet address.
Bitcoin uses two sets of information to authenticate messages.
When you set up your Bitcoin BTC wallet for the first time, you are asked to set up a private key (seed key). You need to keep it safely without disclosing it to anyone.
Best Cryptocurrency Payment Gateways:
The gateways are going to help you unlock dozens of transaction possibilities with ease.
- GoCoin – GoCoin supports Dogecoin and Litecoin. A 1% transaction fee is charged.
- BitPay – It accepts Bitcoin and also provides you the benefit to convert your Bitcoin to fiat currency immediately. A 1% charge is levied and is more focused on merchants than gambling.
- Blockonomics – Doesn’t require an extra API integration. Serves as anonymous and crypto payments like Bitcoins, Bitcoin Cash, Litecoins, etc can be dealt with securely.
- Coinbase- Download the merchant app and start accepting Bitcoin. You can start converting digital currencies into fiat currency.
- CoinGate – this payment gateway allows accepting bitcoin and altcoins. instant integration with e-commerce platforms.
- ALFAcoins – A trusted gateway that can be easily convertible. It has joined some new cryptocurrency in the market.
- BitcoinPay – is one of the simplest ways to receive crypto payments. POS app is available for iOS and Android phones.
- GoUrl.io – It integrates with e-commerce plugins and has a user-friendly API interface.
- SpicePay – It ensures a secured exchange of money and saves up to 2% on every transaction.
- SpectroCoin – It is a free blockchain wallet that supports more than 30 fiat money including Ethereum and many more.
- CoinPayments – This payment processing uses a number of coins including Bitcoin, Ripple, Bitcoin Cash, and Litecoin.
- Blockchain – Start receiving cash in just one click. Blockchain.info is a traditional payment that supports a variety of Altcoins globally.
- CoinsBank- Comes with multiple usages, it can be easily synced with your debit card. Easily accessible through mobile apps for both iOS and Android phones.
- B2BinPay- At a very little cost than the old gateway payment charge. With its automation advantage. It just takes 20 seconds to accept Bitcoin and complete a transaction.
- Coinify- It has been recognized as the best financial blockchain service. It is a fast and flexible payment gateway transaction method.
- Cubits – It has integrated with SoftSwiss, a popular Bitcoin casino software provider. Which is mostly preferred by the casino industry.
Now, you know exactly what a Bitcoin is, how the payment gateway works, and which will be the best bitcoin gateway for gambling purposes.
The popularity of cryptocurrencies is increasing on a daily basis. However, in recent times, cryptocurrency has turned into a volatile market. As a result, businesses prefer withdrawals to liquidate their money. The Bitcoin payment gateways make the conversion extremely easy and fast. Find the best Bitcoin gateway that suits your needs.