which cryptocurrency do you prefer the most to accept payments in? - page 2.

SirLancelot

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Quote from: Asuspawer09 on March 08, 2023, 11:45:38 AM

The best cryptocurrency is bitcoin and probably most people would say bitcoin since it's the best cryptocurrency out there and it is already recognized by a lot of people as well as used on many different platforms already. Even some of the banks and already connected and use bitcoin as a form of investment allowing their users to buy bitcoin on their platform. In my opinion, bitcoin is a great investment because of its supply, and over time the market price is surely going to skyrocket when bitcoin becomes rare because of its supply, but because of that reason, I think bitcoin is not good as a way of online transactions since the market price of bitcoin was so volatile, and the 1 bitcoin already could over 20,000$. So buying bitcoin for transaction means that you are also taking that risk of investment since the bitcoin market price could go down at any moment.

Probably we could use other top 10 cryptocurrencies when it comes to transactions and bitcoin just for investment, or we could just stick to stablecoin because of its stable market price we can rely on its value that it is not going to depreciate over time when you just want to buy online or have a transaction online.

He was talking about payments, not investments or for trades. When it comes to this matter, I think many of us will skip Bitcoin for a while because we know that Bitcoin is slow and has a little expensive fee. The ideal coins would be the lighter ones.

Litecoin, XRP, TRX and Doge coin (only to name a few) must be the first few candidates for this. So far never saw a bank in my local who supported Bitcoin but maybe you are talking about a third party platform who just do a conversion from bank to crypto and vice versa? Bitcoin is still hot in the eyes of the banks but who knows, maybe they will be cool with it later on and finally support it on one of their service.

uneng

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Of course it's bitcoin, since it's the first cryptocurrency coming in our minds when we think about this matter. Every businesses accepting crypto as payment method accept bitcoin. On the other hand, not every businesses accepting crypto as payment accept altcoins, including stablecoins. So bitcoin is the most popular among all and the first choice when doing business with crypto.

I see no reason to decide for a different answer for this question, logically and practically speaking.

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Quote from: Digital_Lord on March 10, 2023, 07:39:26 AM

Bitcoin will always be my first priority because of its worth and successful yield. There is no other coins which is more successful than bitcoin, ethereum is also a beneficial token and is the second priority. Holding of bitcoin is very essential for your future success as we trust in bitcoin that whatever the market price is but it will never die and we hope that there will be a significant amount of profit through holding bitcoin.

Significant benefits are only for those who can gradually in all conditions and are not affected by fluctuating market conditions. Bitcoin is still the main thing, but besides Bitcoin Ethereum is indeed the second choice. To determine which cryptocurrency is good, it is necessary to do research, but for Bitcoin and Ethereum is not needed because it has been trusted by many people.

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

couple of years back it was 6000+ cryptocurrencies now 12000? But bitcoin still dominating the market over 50% which is really showing what is preferred among the crypto community either for payment or holding.

Bitcoin is almost perfect now since the implementation of lightning network so its cheap and instant which is required to be accepted as means of payment so I don't find other coins required to me atleast only for me.

borovichok

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Quote from: Digital_Lord on March 10, 2023, 07:39:26 AM

Bitcoin will always be my first priority because of its worth and successful yield. There is no other coins which is more successful than bitcoin, ethereum is also a beneficial token and is the second priority. Holding of bitcoin is very essential for your future success as we trust in bitcoin that whatever the market price is but it will never die and we hope that there will be a significant amount of profit through holding bitcoin.

With people transferring the majority of their fiat currency and assets into bitcoins for either immediate use or future use, bitcoins have gained appeal across the globe. The market is growing every year, and new projects are being developed there, increasing volatility and trading volume. Because both Ethereum and bitcoin pump and dump during the bull and bear seasons, Ethereum would make a decent backup for bitcoin. I'm keeping onto these coins for future usage since there is a good chance that a bull run to $100,000 will occur.

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Bitcoin will always be my first priority because of its worth and successful yield. There is no other coins which is more successful than bitcoin, ethereum is also a beneficial token and is the second priority. Holding of bitcoin is very essential for your future success as we trust in bitcoin that whatever the market price is but it will never die and we hope that there will be a significant amount of profit through holding bitcoin.

Artem Sereda

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Bitcoin is a time-tested currency, I think that makes it the most reliable way. But I'm not saying that Ethereum and other currencies are great too. But bitcoin comes first.

profgates

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My most preferred and trusted crypto for accepting payments is bitcoin. This is due to the fact that btc is the most popular crypto and would be easier to purchase as every cryptocurrency exchange has btc listed on their platform. Btc transaction fee is also relatively cheap and affordable even when making high volume purchases.

maydna

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Quote from: fzkto on March 08, 2023, 11:16:22 AM

Quote from: maydna on March 08, 2023, 04:51:00 AM

Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

I will accept both bitcoin and stable coins as payment as those are the only coins I can accept. As for other altcoins, I don't really like them as payment although if later a customer wants to pay with an altcoin, I might consider adding it to the list of coins to use as payment. But before I accept payments via crypto, I will make sure that my government has legalized crypto as payment so I don't get into trouble later.

I think LTC has always been considered to be the best means of payment. It has low fees and high transaction speed. Not for nothing in the old days it was used to transfer money from exchange to exchange. So I think that LTC can also be considered as a good payment method and most importantly time-proven.

Maybe you're right. But LTC will still be a coin of choice besides BTC or stable coins and it is a good idea to add LTC as another option. If the payment method provides more choices of coins, customers will choose the coins they like. Oh yes, maybe having TRX as another option that you and add to your website. But I still recommend having Bitcoin as your first choice and stable coins as your second choice.

Using other altcoins as an alternative can be added to the payment method. But we must know the risks if market conditions are uncertain.

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

... Share your thoughts about it.

Bitcoin would be the first choice as it is the most popular, but I will add the top altcoins and especially stablecoins. I think converting between coins is not too difficult, so I will accommodate the client's request. That means they want to use any coin to pay, I will receive that coin, just make sure it is the coin in the top 20 CMC.
I prioritize bitcoin because I think everyone has it, but I encourage everyone to use the stablecoin because it doesn't volatile, which is good for my store's profit.

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

Very sure to choose Bitcoin, other coins such as stable coins or some well-known altcoins only as the second option because maybe having other options besides Bitcoin can bring more new customers to make transactions with the coins in the second option because everyone has their own preferences.
Bitcoin leads in many ways but certain altcoins also provide benefits such as transaction speed that can be confirmed more quickly which will make transactions complete faster.

BobK71

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

Some of the coins I prefer for payment are stable coins like USDT, BUSD, USDC, etc. and among other altcoins, Litecoin is my favorite. Accepting payments in stable coins will keep my wealth stable so I will get wealth as per my needs. But in other alt coins it is quite risky. I would except litecoin because it is fast transaction and can be transacted at low cost. There are many more altcoins that can be used to accept payments but it depends on the individual's preference.

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Quote from: Oasisman on March 09, 2023, 12:14:44 AM

Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

As we all know Bitcoin is the only cryptocurrency that's widely accepted anywhere in the world that embraces Bitcoin. So, most preferably we all want to accept Bitcoin and any other merchant and service providers. Bitcoin should always be the primary and then secondary should be ETH, XRP, LTC, and a meme coin to some like Shiba or Doge (while they're still have the hype). But if you want to make sure, just prefer Bitcoin, ETC or XRP.

I agree that Bitcoin is by far the most accepted, but when it comes to payments, I really don't think people will be willing to spend their bitcoins on daily payments, people are looking at bitcoin as a lucrative investment rather than using it daily. Even on this forum, what we are discussing is accumulating and holding bitcoins for profit, very few topics talk about bitcoin payments. If yes, then they only use bitcoin to pay a few times to experience it, no one is willing to use it often.

Oasisman

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

As we all know Bitcoin is the only cryptocurrency that's widely accepted anywhere in the world that embraces Bitcoin. So, most preferably we all want to accept Bitcoin and any other merchant and service providers. Bitcoin should always be the primary and then secondary should be ETH, XRP, LTC, and a meme coin to some like Shiba or Doge (while they're still have the hype). But if you want to make sure, just prefer Bitcoin, ETC or XRP.

Yatsan

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Stablecoins I guess, if it is for payment purposes. It will save me from regrets for sure. Using ETH or BTC as a mode of payment would be somewhat frustrating especially whenever the market price is increasing. Unlike with stablecoins wherein the amount will more likely stay on a certain price point leaving things as is just like fiat but with less tax. I do admire advantages of volatility but for investment purposes alone. I still cannot think of a way an investor would be able to freely and without hesitation, use his assets to buy something in the market unless it is something which would be of a big transaction and price would be in favor on your end such as buying it for a lower price than it should be simply because of tendencies for a higher market value for the seller's end.

GreatArkansas

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

The cheaper transaction fees, and the fastest confirmation. This is easy. Just think of it that you are in a physical store and you are paying with your fiat currency. Then try to relate it with using cryptocurrencies, to become convenient, you want to pay fast and easy to pay, so you can save a lot of time.
So for me, Bitcoin (using lightning network) is the best for this and other altcoins, like Litecoin also.

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

Well sadly i don't own a business or something like that so i don't really get any payments from customers. If i would have a business though, then i would definitely go for the safest and the most stable cryptocurrencies out there. So obviously this would be the stablecoins USDT, USDC and also BUSD i would say. Apart from the stable coins, i would probably also accept Bitcoin.
Accepting Bitcoins or other non-stablecoin cryptos can also be dangerous though i think. If you have a business then you probably a big part of those payments that you receive to pay for the expenses of your business and if the price of Bitcoin for example is going down like 10% during that time, then you already have made a loss and maybe you can not even pay your bills anymore.

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Quote from: Charles-Tim on March 07, 2023, 05:21:34 AM

Quote from: Apocollapse on March 07, 2023, 05:19:26 AM

It's not 12,000 anymore but 20,000+ and still counting.

I still remember when Binance has not bought Coinmarketcap, coins listed there were less than the ones listed on Coingecko, but only 12309 coins listed on Coingecko now as of today while over 22780 coins are listed on Coinmarketcap, which means there are many shit coins listed on Coinmarketcap. Did you still know there are over 22000 coins? Just that they are not listed. The more the coins listed, the more the shit coins.

Coinmarketcap keep listed 70%-80% coins in their site those are JUNK/SCAM project, so i think from 22826 coins (today's count) only around 2k coins are live on the exchanges. Coingecko is better than Coinmarketcap, because they filtering their site to removing SCAM tokens.

Asuspawer09

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Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

The best cryptocurrency is bitcoin and probably most people would say bitcoin since it's the best cryptocurrency out there and it is already recognized by a lot of people as well as used on many different platforms already. Even some of the banks and already connected and use bitcoin as a form of investment allowing their users to buy bitcoin on their platform. In my opinion, bitcoin is a great investment because of its supply, and over time the market price is surely going to skyrocket when bitcoin becomes rare because of its supply, but because of that reason, I think bitcoin is not good as a way of online transactions since the market price of bitcoin was so volatile, and the 1 bitcoin already could over 20,000$. So buying bitcoin for transaction means that you are also taking that risk of investment since the bitcoin market price could go down at any moment.

Probably we could use other top 10 cryptocurrencies when it comes to transactions and bitcoin just for investment, or we could just stick to stablecoin because of its stable market price we can rely on its value that it is not going to depreciate over time when you just want to buy online or have a transaction online.

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Quote from: maydna on March 08, 2023, 04:51:00 AM

Quote from: coinremitter on March 07, 2023, 05:12:53 AM

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

I will accept both bitcoin and stable coins as payment as those are the only coins I can accept. As for other altcoins, I don't really like them as payment although if later a customer wants to pay with an altcoin, I might consider adding it to the list of coins to use as payment. But before I accept payments via crypto, I will make sure that my government has legalized crypto as payment so I don't get into trouble later.

I think LTC has always been considered to be the best means of payment. It has low fees and high transaction speed. Not for nothing in the old days it was used to transfer money from exchange to exchange. So I think that LTC can also be considered as a good payment method and most importantly time-proven.

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