Crypto Currency Information

What are crypto payments?

Crypto payments are a way to pay for things using cryptocurrencies instead of regular money like cash or credit cards. When you make a crypto payment, you send digital money (like Bitcoin) from your wallet to someone else’s wallet. It’s fast, secure, and doesn’t need a bank or middleman. People use crypto payments for buying things online or even in some stores.

How to buy cryptocurrencies and make payments?

There are multiple platforms and ways to buy cryptocurrency and make payments easily and securely. Here’s a step-by-step guide.

Where to Buy Cryptocurrency:

1. Kraken is a well-established cryptocurrency exchange platform that allows users to buy, sell, and trade a wide variety of cryptocurrencies. Visit the site at here.

2. Cash App is a mobile payment service that allows users to send and receive money, make purchases, and invest in stocks and cryptocurrency. Visit the site at here.

3. Venmo allows users to buy, hold, and sell cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash2. Visit the site at here.

4. Binance.US is a cryptocurrency exchange platform.. Visit the site at here.

NOTE: The specified providers above are just examples. You can search the internet and use any other platform that would be suitable for you based on your preferences.

Buy crypto:

1. Choose a platform to register your crypto wallet. You can choose any popular platform that is available in your location. You can find providers by performing a simple Google search.

2. Create an account: Sign up and verify your identity on the platform.

3. Add funds: Deposit money into your account using a bank transfer, credit card, or another method.

4. Pick a cryptocurrency: Choose which cryptocurrency you want to buy, like Bitcoin or Ethereum.

5. Make the purchase: Enter the amount you want to buy and confirm the transaction.

6. You’re all set to make payments - Keep your cryptocurrency in the exchange or transfer it to a digital wallet for added security.

Make a payment:

1. When you initiate a payment, you’ll see a dialog window prompting you to select a payment method. Choose the crypto currency option, and then select the crypto currency you want to use for the payment.

2. On the next screen, you’ll see a preview of your order. Confirm your order, then select Start Payment on the next screen to initiate your crypto payment.

3. You’ll see a dialog window that specifies what is the exact amount of crypto you need to send, and which address you have to send the amount to.

4. At this point, you can either scan the QR code from the dialog window with your crypto app (if it supports such functionality), or copy the provided crypto address and paste it to your crypto app.

5. Send the necessary amount to the address from your crypto app, and you’ll be notified once your payment is confirmed.

IMPORTANT: You’ll have 1 hour to send the amount and complete your crypto payment, since the exchange rate of crypto currencies can be volatile and we can guarantee the price only within a fixed period of time.
After you make a payment, DO NOT use the same crypto address again for another payment. You need to start a new payment each time and use a different address.

Advantages of crypto payments:

1. Fast transactions: Cryptocurrencies allow international transactions to be made within minutes, regardless of banking hours and holidays.

2. Low fees: Crypto payment fees are usually lower than traditional payment methods, especially for international transfers.

3. Security: Blockchain technology offers a high level of security and fraud protection thanks to the cryptographic encryption of data.

4. Privacy: With crypto payments, users’ personal data is not revealed, providing additional privacy.

5. Accessibility: Anyone with internet access and a cryptocurrency wallet can make and receive crypto payments.

And finally, here are some helpful resources where you can learn more about cryptocurrencies:

Cryptocurrency Facts - This site offers a comprehensive guide on the basics of cryptocurrency, including how it works, different types of cryptocurrencies, and even how to get started with mining. Visit the site at here.

Wikipedia’s Cryptocurrency page – A detailed and technical resource that explores the history, technology, and key concepts behind cryptocurrencies. Find the full page at here.