Topic: Is it possible ? (Read 223 times)

Welcome onboard bitcointalk platform. It is nice You accepting bitcoin as a means of payment this is what we are looking for here news of this nature steers up more actions from other members to follow suit too. I commend you for that. You asked about recommendations for exchange which I believe you are looking for a means of trading or possibly converting your coin to Fiat which is ok. There are lots of exchanges available as mentioned by one of the posters above and you can choose from them any that suits you right. You can also look for their reviews to know what people are saying about them and how reliable they are to deal with. I will also advise you something and it is a known phrase which says " not your keys, not your coins" in as much as you are trying to play safe by protecting your assets, you should know that exchanges are third parties which means anything under their custody belongs to them and you are not sure of their safety. With what has been happening with exchanges of lately it would not be advisable to hold you assets with them rather create your own wallet and take custody of your assets.

Bitcoin have been good revolution payment currencies right now and seems having disadvantage when our business not accepted Bitcoin as payment method, I am glad with your first sharing here about how to manage your business by adopting Bitcoin as payment currencies, first time you need to create exchange market and actually have pass KYC document.

But more safety you can use cold wallet for transaction but keep needing exchange market for converting your Bitcoin fund to be stable coins and less risk with your business if Bitcoin price going drop later. I think you can checking with Beginner & Help board for getting many information about guide and way for using Bitcoin and create with exchange market account.

I have to ask you first if you know about bitcoin? You can't just wake up in a day and you will decide to start accepting bitcoin as your payment method when you don't know basic things about bitcoin, if you hear people discussing about bitcoin and you also decided to start accepting bitcoin then you are wrong, you should have idea what bitcoin is all about, how to secure your bitcoin, the appropriate wallet to secure your bitcoin, how to backup and secure your private key, how to be safe from scammers.
I don't really know this user, but you have to be very careful when you are dealing with anyone on the internet most especially whenever money is involved. So you have to be very careful and smart.

That's really possible to use third-party services like bitpay. There is other known service that you can search out that offers the same service as the one that I've mentioned.
Note that there have been some issues with the users that I've seen share that they've used that with their business but IIRC, they're not really major problems that be dealt with.

I have no interest in this bro. Seems sketchy to me. OP try to avoid this kind of offers from anyone.
@Techdev Why do I have to contact privately with you to get that service if it's free in the first place? You should share it with everyone here so that we can check it for our self.

And for payment system, OP you can include Binance pay. It's fast and free of charge. As far as i know, there's a convert system which charge you 0 fee. So you should have a look at that.

When you are ready, you will not exchange anymore. You will discover how much valuable keeping those coins is, and pay others with it. And you will save from exchange or payment processor fees. This is what some communities are discovering worldwide, especially those who have been traditionally away from "the system" of banks etc.

The transition to this is tricky, and can lead to an unfair dependency path. There may be a solution that works today that fails tomorrow, and that's not Bitcoin's fault. It is incorrect to think of Bitcoin as some fancy alternative payment method, its true value lies within itself. Think of offering to pay wages with it, for example... Then you'll exchange less and less of it until you break chains and become free.

Do not trust "stable" coins, they are as worth as the gov fiat they claim to be pegged to, actually even worse than that. They are pegged with fractional reserve (ie: 30%), time bombs. The bolivar (VEB) was pegged by decree in 2003 to the USD for 1 600, today you would need 2 400 000 000 000 000 of those for 1 USD. A peg is but an empty promise that can be broken at anytime. The market price of bitcoin is honest, just look at it in the long term its still worth more than 2 years ago... USDT has been caught more than once failing to fulfill their own promises, and its not the only one...

So you don't want to convert it, you want to keep it as it is. And for that, many true Bitcoin wallets exist. Only exchange what you must and hold the rest in your own wallet. Do you think it may value twice in the next two years? Its quite possible you know, and more importantly you will get ahead than the rest of the people failing to realize this yet.

Repeat after me: Fiat is trash and "stable" is worse. You want fluctuation, fluctuation means freedom; market price is honest, a fictional "stable" price is a lie that will burst sooner or later, exactly like the distortion created by the State meddling with the economy. The more they intervene, the worst it will be later... Keep as many bitcoins as you can and only spend whats absolutely necessary, and the less exchanging, the better.

If you want to convert bitcoins immediately upon receipt into stablecoins, then choosing a centralized exchange is what you are looking for. Many people will say that using centralized trading is very risky but not all exchanges are as risky as FTX or Mt.gox. Try using binance, I think it meets your requirement.

Any guide you are willing to offer the ops can be dropped here and newbies are advice e to avoid dealing with strangers on telegram, since the ops question borders on finances, and coin conversion, but going forward the best advice is to point ops to the many reputable cryptocurrency exchanges we have around bit he should also know the risk that comes with using exchanges such as.
-Hacking and exiting scams from teams, so it is best to avoid keeping large funds on the exchange.
-having a cold wallet where you store and hold your private keys is the best custody fo our coins.

I see it was a good idea to accept Bitcoin for your business but must you know first if it was legal in your place. Some members here run a business accepting Bitcoin as well but he is urged to stop because it was not legal in their country. However, you can't escape from the volatility, in fact, you are already facing it when accepting Bitcoin.

I know some people are already successful in doing this but the question is if you can manage to deal with the situation. Because I was sure that it won't hit instantly, especially if crypto is not popular in your place.

Very simple question and this is a very reasonable question too from a beginner here. If you need direct conversion from Bitcoin to other stable coins, you can use some well-known exchanges because you can send it directly from the wallet you received the Bitcoin directly to the exchange.

But if you want a p2p conversion, you can use a wallet that has a direct swap feature, like the trustwallet example. But I prefer if you want to keep your Bitcoins in the safest wallet because it is for your convenience in running your own business and making conversions to exchanges directly when you need or it's time to convert to other stable coins.

That's good idea to have bitcoin acceptance into the business. In the past people had little fear on accepting bitcoin into business for various reasons. Now things have changed with the existence of more support platforms that receive bitcoin and settle the business owner in terms of stable coins. The thread containing detailed list of transaction processor is shared. Maybe I'm wrong, I've seen most of the services using bitpay than other available services.

Well, for me personally, i think your best bet is to make use of an exchange like binance, Remitano etc, any exchange that offer P2P trading, on exchanges like this, you can easily convert your bitcoin to any stable coin of such or better still, convert to your local currency which you can instantly withdraw to your local bank account..

But another question I have in my mind right now is, what is the essence of accepting bitcoin for your goods and services if you don't plan on holding it for a while at least ?

All popular exchanges, like Binance, Kraken, Coinbase do provide this option for merchants, but fees vary and I'd suggest you do a good-read of the terms and conditions. Additionally, there is BitPay that, if I'm not mistaken, does have that option too.

If you consider accepting bitcoin, and converting it manually to another currency, check out BTC Pay server, which is an open-source, self-custodial alternative.

It shouldn't be taken for granted that customers have stablecoins.

Start accepting stable coins for payment since you are too concerned about the volatility, holding bitcoin makes you more money, the only cheat code here is timing, when to sell your holdings, I would rather accept bitcoin as means of payment because I have confidence in the price of Bitcoin, it always add value, if you fail to see Bitcoin the same way that I do then receiving Bitcoin as means of payment is not for you.

They're so many, the problem should basically being able to find 1 that is genuine, timely and swift. Some have been posted in previous post on the forum already, just go through them and try to read through reviews to be sure the have what you want.

Op doesn't have to contact you privately to be able to use payment processors, there are so many of them that they could choose from in threads that have been created on the forum already. Can you post some of the resources you want to show to the op here, so we could also know about them.
You may rather want to convert your BTC to fiat instead of stablecoins

You wanna start accepting BTC but then you wanted to turn it into stablecoin after, that seems pointless. Why not just accept stablecoin directly?

The volatility can be an advantage but also a disadvantage. It is more of an advantage if you can hold BTC for a long time which is what you wanna do for higher rewards. I think you are at the right time to accept BTC and the price will be going up. Its a double profit for your business.

Even I like the idea to accept Bitcoin for your business because it is a contribution to increase Bitcoin adoption world wide and locally. I don't think you understood it right. Bitcoin is a very volatile asset, I don't say it is a most volatile asset of course. If you want to accept it for your business to escape the volatile, that is not correct. I guess you implied about escape inflation or hyper inflation from governments and central banks with their fiat currencies.

Is it what you meant?

Check the [list] Bitcoin Payment Processors. They charge service fees and if your business is small, I don't think it is smart to use those payment processors.

There are plenty of exchanges that offer API for conversion one coin to another, and also to withdraw. It's up to you to choose what you actually want to achieve, how and with which exchange (some ask for KYC, some don't, for example; some are more established and reliable, some maybe not, ...). Plus some exchanges are focused on certain coins only.

PS. Try to research more and ask more focused questions and avoid getting this into private discussions, since in private you may get scammed.

Welcome to Bitcointalk forum mate . I appreciate you for the step you are willing to take. And yes there are lots of exchnagers and Hosted Payment Processors that can be use for your work
You can also visit this thread  list Bitcoin Payment Processors which was made by Husires few years ago, I think it can be helpful for you . Good luck