List of the best Crypto Payment Providers

June 22, 2021

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What are Crypto Payment Providers?

Crypto payment providers are transaction processors that allow individuals and businesses to exchange, send, receive and store cryptocurrencies. They support a wide range of crypto coins and tokens, such as BTC, ETH, LTC, USDT, EUROC, USDC and more.

These tools work like bridges that connect buyers and sellers, allowing businesses to accept crypto payments in a seamless process that entails integrations and API communication between servers and blockchains.

These providers offer a wide range of cryptocurrency payment processing services, supporting different virtual currencies, stablecoins, blockchains, and tokens. Therefore, processors like B2BinPay, BitPay or CoinGate facilitate the work of crypto exchanges, DeFi projects, e-commerce and online businesses that want to expand their offerings and add a crypto payment method.

Why Use a Bitcoin Payment Processor?

Crypto payments are becoming very popular, and businesses are increasingly adopting crypto payment gateways to facilitate paying with Bitcoin. Crypto payments are much faster than traditional payment methods, whereas a typical crypto transaction can be done within seconds or minutes on any day of the week.

Moreover, crypto payments are more secure as they do not require individuals and businesses to submit personal or corporation information, such as physical addresses, financial disclosures, and contact info, preserving users’ identities.

How Do You Find The Best Crypto Payment Provider?

Businesses and merchants can add a crypto solution to their platform by finding the right provider. The first step is to identify the needs and requirements of the crypto payment solution and the scale of transaction they are looking for.

Ensuring the legality of the crypto payment processor is critical because the regulations for virtual coins and tokens are constantly changing. Therefore, it is important to learn about the crypto landscape in your region and ensure that your crypto payment gateway is fully compliant with relevant laws and regulations.

Opting for a crypto payment offers not only a faster way to settle payments and receive payouts but also an excellent approach to expanding the business audience to include customers who support crypto transactions and prefer decentralised payment methods.