Topic: Pet shop want to become a bitcoin exchange? - page 3. (Read 944 times)
Could I setup my own payment gateway? Keeping fees down? Could I offer it to other pet shops?
Becoming a Bitcoin exchange from a Pet Shop owner ? hmm I would say that this is not a good idea as you can simply implement Bitcoin as a gateway payment and everything will be ok as customers can pay with Bitcoin what are they buying from you. Also no one forces you to stop only on Bitcoin as you can implement a lot of other new payments gateways for your customers and business.
Accepting bitcoin and some relatively stable altcoin is good but never forget to always convert to fiat or a stable coin in the event of a possible downward signal trend in the market. Adding exchange like selling and buying of bitcoin and selected altcoins will be a good profit.
I am sure you are referring to making crypto as part of the payment processor for your pet shop. If this is so, I think it is a good development and this also comes with challenges and I am very sure you can make it work. Firstly, you should know there are many crypto available today and it is very important you only accept some top coin. I will suggest you only accept BTC, ETH, and XRP in order to minimize the effect of volatility that generally affects the acceptability of the crypto asset. I am very sure most of your customers might be willing to pay with bitcoin using a mobile wallet such as bitpay. So, you can store your crypto temporarily on the mobile wallet but it is very saved to move to a hardware wallet to keep it safe. you can search for the best hardware wallet on this forum. I wish you all the best
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
very possible that happens, but you need to pay attention to the demand side.Will there be a lot of customers to pay in your shop using bitcoin or altcoin ?
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
The solution you are taking right now will benefit you in the future, but you should think more carefully to open exchanges to find out the price of ups and downs that everyone can understand, but all prices on the market are often different and that is often I see in all exchanges not 2 or 4 sakaligus even very many different exchange prices, so how can you conclude it for all those who want to exchange with your exchange ..
I don't think there are any animal shops that accept digital currency payments like Bitcoin and other altcoins, but you also have to know which altcoins are valuable or not, because I see all altcoins are not very good in all markets and there is no significant development in all markets, but tend to Bitcoin and Ethereum which are still very good to be accepted as a means of payment ...
I will keep my pet shop. I want to add a payment option of cryptocurrency.
But would like to understand going further and seeing what else is possible?
I like the idea of an atm
I like the idea of an exchange
But would like to understand going further and seeing what else is possible?
I like the idea of an atm
I like the idea of an exchange
So you wanted to start an new Pet shop , you need much money to invest on it thats not so easy you need to do advertising, your country is regularized with Bitcoin then you can goahead with ATMs as others told it is a good idea but it takes much time for you to make profit think and research on it well and then start it.
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
it will be a good way to promote bitcoin if you will accept it in your pet shopbut you need to learn about trading because price of bitcoin is volatile
so if someone pays bitcoin in your shop you will know when to hold or sell.
I will keep my pet shop. I want to add a payment option of cryptocurrency.
But would like to understand going further and seeing what else is possible?
I like the idea of an atm
I like the idea of an exchange
But would like to understand going further and seeing what else is possible?
I like the idea of an atm
I like the idea of an exchange
Kind of confusing... You want to start accepting Bitcoin payment in your pet shop business or you want to completely change your business from pet shop to an exchange?
But accepting crypto payments is very fine. Just make sure you won't encounter any problems with your government. But that's a great way to promote Bitcoin. We need more merchants and shops to accept Bitcoin to fully achieve adoption.
But accepting crypto payments is very fine. Just make sure you won't encounter any problems with your government. But that's a great way to promote Bitcoin. We need more merchants and shops to accept Bitcoin to fully achieve adoption.
If that's the case then it would be really good because as we can see you want to have an paymrnt option for the cryptocurrency which is very good because of that we would be able to introduce and spread what bitcoin or cryptocurrency really is and we can also introduce it to them as a useful payment transaction and less hassle for the client because we are already accepting bitcoin as their payment to our pet shop for example if they want an vaccination for their pets then it should be paid through cryptocurrency or bitcoin.
This is a confusing question, if your country does not prohibit using payment of bitcoin and altcoin, I think there is no problem as long as you understand the risks, as you know the prices of bitcoin and altcoin go up and down, if you want to make an exchange there it is also no problem as long as there is agreement from people who come to your store, the greater adoption using bitcoin and altcoin payments will also increase prices in the market
What about an atm? How could that work?
BitPay doesn’t do DogeCoin? How could I get that as a payment option?
BitPay doesn’t do DogeCoin? How could I get that as a payment option?
So how do I accept?
Some just do it using a QR code.
You will just need that QR code from Bitpay. (I haven't tried that service yet so I dont know if they have it.) But most of them do.
Just print it then protect it with something plastic to avoid getting wet.
Post it near the cashier and they can pay thru it.
Just like that.
It is a payment option just like any other out there. I don't think you will need much legal documents for that.
Merchants just avoid this because of the risk of the volatile market of bitcoin.
I hope that is what you meant and not making a whole exchange.
Because that needs a team, legality and a lot more before you could start.
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
really you want to have exchange or you are only accepting bitcoin and other crypto as payment?Having your own exchange is not an easy task and its need more money to start your journey having it, you also need to have background in any other coins and know how to secured other assets using your exchange .
If you only want to accept crypto as payment then you only need local exchange for this.
So how do I accept?
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
why not possible? accepting payment methods with bitcoin or other altcoins will certainly make it easier for us to make transactions in the era of advanced technology as it is today, so it is not surprising if we see that today bitcoin is a digital currency that is very popular as a means of purchasing and payment easily without the need to pass through services banking financial authority.
So what do I need to implement these?
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
Of course, you should implement the possibility of accepting payments in cryptocurrencies in your pet store. Even if there are not many buyers of goods for cryptocurrency, this option will allow you to make an advertisement for your institution, which will undoubtedly attract the attention of the public. As a result, your business should become more profitable. 
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
Yes, it is possible but you should know becoming a bitcoin exchange a has risk that comes with it. regarding the volatile nature of cryptocurrency, if you are worried about the price suddenly
going down when accepting bitcoin as a payment to your pet shop business you can quickly exchange it into FIAT.
Jump to: