~
If I would adopt crypto as a primary payment method, I might consider stablecoins just to keep it in the safe side, probably DAI but not USDT. However if I would adopt it as an alternative payment method, I would go straight into Bitcoin since I can just convert it anytime to my local currency in order to realize its value. Market might be volatile, but hey since it is an alternative payment method anyway, it would not matter for me if I convert it in the end. It's not like I intend to hold it anyway since I have separate wallet that is entirely for holding purposes only. 
Topic: which cryptocurrency do you prefer the most to accept payments in? - page 3. (Read 397 times)
March 08, 2023, 10:40:47 AM
March 08, 2023, 10:24:50 AM
With the emergence of crypto in business as a mode of payment. Bitcoin is I think the default choice of majority and even third party payment processors, Bitcoin is likely their choice. If ever I had a business and I decided to accept crypto payments, I would certainly accepts bitcoin, stable coins or coins that has fast transaction and cheap fees since the majority of buyers also prefer cheap and fast token for their purchase. Last bull market I have seen some shops on some part of my country that accepts famous play to earn reward token SLP which make sense since there are many holders of SLP that time and price is steadily increasing that time. Though today, I don't think those shops still accepts that token given that it dipped in value so hard.
March 08, 2023, 09:50:36 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.
For now, stable coin with lowest fee will be my choice. Because people like me, sometimes want to buy or maybe doing payment with crypto. But if fee is higher than the transaction, then i can't do it. But now a lot of network really help for example BEP20 cost less fees than ERC20 network. March 08, 2023, 07:32:42 AM
I used USDT as payment between me and my Russian friend once. I think both busd and usdt are no brainer options. But if I want to increase my regular coin amount I prefer Bitcoin and Ethereum as payment as well. I think sometimes it can be crazy good to trade through Litecoin as well because of how cheap and fast its Blockchain is. These are my main, favorite options. I think most people use usdt and Ethereum as alternative coin payments.
March 08, 2023, 04:51:00 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. 
March 07, 2023, 11:21:07 PM
All of them except ethereum. Why? ethereum will charge us non sense fees. Accepting ethereum based on L2 like optimism and arbitrum is good enough. The main problem is when people wanna try to send money to others and some blockchains were charging very big fees for each transaction.
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception
Don't worry too much, ETH team is doing everything to make it more perfect, I believe with the next updates, its gas fee will be greatly reduced.
Regarding which coin to accept for payment, I will choose a stablecoin because it has both fast transactions, low transaction fees, and a non-volatile price, ensuring profit for my business. In addition, I am willing to accept all cryptocurrencies if the customer needs them because converting between coins is not too difficult.
March 07, 2023, 10:25:05 PM
Depend on your costumer needed prefer accepted payment in cryptocurrency for your business, I think you need with little questionnaire effort which kinds of cryptocurrency worth adopted for payment currencies. But seems Binance coins is worth for accepting as payment currency because with price still not expensive like ETH or Bitcoin and your costumer seems happy when transaction using Binance coins.
Most exact answer, you need feedback or respond from costumer and need little reason why some of them choose that coins for payment currencies to make easy for adopting in your business.
Most exact answer, you need feedback or respond from costumer and need little reason why some of them choose that coins for payment currencies to make easy for adopting in your business.
March 07, 2023, 09:02:11 PM
I would of course prioritize Bitcoin over altcoins since Bitcoin is the most popular cryptocurrency. It is also the most accepted. I would just make sure that Lightning payments are made available to avoid high fees and longer confirmation time. Now, for those who prefer to pay in altcoins, Ethereum could be accepted but since gas fees is a big problem for now, I would make sure that the likes of Litecoin and Dogecoin are also accepted. So I think accepting all four of them is fair enough.
March 07, 2023, 08:41:30 PM
I have to be honest & say that my favourite cryptocurrency to receive payments in is by far bitcoin. It’s the most established, trustworthy coin. Bitcoin has the most potential to be a mainstream payment tool & it isn’t even close.
Nothing else can match bitcoin, it’s as simple as that. People will try to shill you their bags of other coins & tokens but when it comes down to cold, hard facts nothing compares to bitcoin.
Nothing else can match bitcoin, it’s as simple as that. People will try to shill you their bags of other coins & tokens but when it comes down to cold, hard facts nothing compares to bitcoin.
March 07, 2023, 01:32:36 PM
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.
When it comes to the question of which is the most reliable crypto for payments, only one answer will come up and that is Bitcoin. It is true that many are now choosing stablecoins due to volatilities. But Bitcoin will always be the best in terms of security. Moreover, many people are now running towards some alt-coins like: litecoin, Polygon (matic) etc. for low gas fees. And in my case I always prefer bitcoin as payment But if volatilities are too much for you then sometimes using stable coin is not bad. 
March 07, 2023, 01:28:03 PM
I will prefer to take stable coins for payment, any one of them but if you are talking about the native crypto tokens then there is only one winner, and that is Bitcoin, Bitcoin is synonymous with Crypto and it is wildly acceptable everywhere in the world and some countries you can find BTC ATMs there, the only issue I have is the slow deployment or let me say adoption of Lightning network by payment stores or other faster solutions that will have out there, this is a common mistake in the space, that when the technology is right, users will use how solution because of better technology and this is wrong and things must change in this direction so as to have better market adoption of crypto payments worldwide
March 07, 2023, 12:57:33 PM
I'd accept any major cryptocurrency with high liquidity on Binance, such as:
- USDT & BUSD
- ETH, XRP, TRX, LTC
Stablecoins are preferred because of their stability, and I'd usually cash out to the local market using stable coins as well.
I don't recommend smaller coins because of the wide spread ratio, or you'll lose money selling those coins via a market order.
- USDT & BUSD
- ETH, XRP, TRX, LTC
Stablecoins are preferred because of their stability, and I'd usually cash out to the local market using stable coins as well.
I don't recommend smaller coins because of the wide spread ratio, or you'll lose money selling those coins via a market order.
March 07, 2023, 12:52:41 PM
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.
When it comes to accepting payment, I would not have a specific choice of cryptos. I would rather choose a payment gateway which will settle the payment in fiat on a real time basis. Business is no joke and majority of the businesses need working capital which is usually taken out from the revenue.
So as a business owner I won't really take the risk of volatility as it may affect my profitability. So coin can be anything, but the payment gateway should be the most important factor for me.
March 07, 2023, 12:50:08 PM
I don't know where you got that numbers, but from the numbers you stated, only 1 percent is actively used as a way of payment. Heck, even 1% is way too much. A small observation that I see most people accept crypto in this forum is, of course, bitcoin. Another option is they use Binance Pay. Ease of use and transaction fee rates become a concern for some merchants or services as far as I can see right here. Though, don't generalize it, because I only saw the one who tells or make a post about it here.
Although a centralized payment gateway is not ideally recommended, it seems that they are truly helping those who want to accept cryptocurrencies, the varieties of crypto that are accepted and easiness of payment make them became the choice for some people.
Although a centralized payment gateway is not ideally recommended, it seems that they are truly helping those who want to accept cryptocurrencies, the varieties of crypto that are accepted and easiness of payment make them became the choice for some people.
March 07, 2023, 12:47:20 PM
All of them except ethereum. Why? ethereum will charge us non sense fees. Accepting ethereum based on L2 like optimism and arbitrum is good enough. The main problem is when people wanna try to send money to others and some blockchains were charging very big fees for each transaction.
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception
I agree, whenever I used ethereum in non-fungible token there's always an error every time I transact because of lack of eth which is very high gas fee, larger than your assets.
This is hurting my pocket and decided to switch to other tokens with less fees. I suggest you guys to search more alternative transactions using ethereum.
March 07, 2023, 12:46:59 PM
Cryptocurrency we choose to accept payments will depend on our specific needs and preferences, Bitcoin is the most popular cryptocurrency and has the largest market capitalization, making it a widely accepted means of payment. If we're looking for a cryptocurrency with even lower fees and faster processing times, we might consider Ripple or Stellar, which are designed specifically for fast, low-cost transactions.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
March 07, 2023, 12:37:55 PM
All of them except ethereum. Why? ethereum will charge us non sense fees. Accepting ethereum based on L2 like optimism and arbitrum is good enough. The main problem is when people wanna try to send money to others and some blockchains were charging very big fees for each transaction.
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception
March 07, 2023, 12:04:05 PM
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 personally think I will choose bitcoin as a medium of exchange because bitcoin has a limited supply limit of around 21 million bitcoin the top 1 in marcet cap and if everyone uses bitcoin, bitcoin will be hard to get.why did i choose bitcoin because bitcoin is the king of crypto
March 07, 2023, 11:29:28 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.
Honestly I would be fine to accept payment in all the major crypto currencies, as long as there is an active market we can always convert the coins to our favourite coin. For simplicity I would probably choose bitcoin as its also the coin I want to hold long term. Assuming that I don't need the money any time soon I would put it in my hodl wallet and just forget about. The thing about accepting payments online is that you want to reach the largest number of consumers, that why I would try to accept as many different coins as possible. And if you don't want to hold a particular coin just make sure to convert it immediately.
March 07, 2023, 05:32:35 AM
It all depends on the kind of business I manage. If I own a business that requires me to buy and sell every single day, I will prefer to be paid in USDT so that it can be converted immediately to my local currency.
But if I am running a business where my earnings can be held for a long time, I can also accept other cryptocurrencies like Bitcoin, Ethereum, and Binance Coin; it all depends on which of those has a free network at the moment. Sometimes we encounter network confirmation delays, and I wouldn't want that to slow down my transaction with my customer.
But if I am running a business where my earnings can be held for a long time, I can also accept other cryptocurrencies like Bitcoin, Ethereum, and Binance Coin; it all depends on which of those has a free network at the moment. Sometimes we encounter network confirmation delays, and I wouldn't want that to slow down my transaction with my customer.
Jump to: