One of the BEST ways to earn Bitcoin is by accepting it, either in your business, such as via Shopify or Woocommerce, via a Bitcoin point of sale, or even just accepting Bitcoin as payments from friends and family.
But there is a RIGHT way and a WRONG way to accept Bitcoin payments... and in this video, I'm going to outline a whole bunch of the best ways to start accepting Bitcoin.
I'll rate these various methods of Bitcoin Payment Processors based on a list of criteria, which I'll explain, and at the end, I'll give you the full scoop. At the end of this video, you'll have a clear picture of how to accept Bitcoin for your particular situation, as well as know the tradeoffs.
00:00 🟧 Introduction 00:51 🟧 Why Accept Bitcoin? 01:01 🟧 Bitcoin is More Secure, No Fraud or Chargebacks | 🟧 Bitcoin is Permissionless | 🟧 Bitcoin Fees are Much Lower Than Credit Card Fees | 🟧 Bitcoin Appreciates Over Time | 🟧 Accepting Bitcoin Drives Adoption Which Increases Value 03:24 🟧 Criteria on How to Select The Best Way to Accept Bitcoin | 🟧 Security | 🟧 Privacy | 🟧 Cost | 🟧 Setup | 🟧 Self Custody | 🟧 Customer Convenience | 🟧 Vendor Convenience | 🟧 Automation and Integration 04:37 🟧 How to Accept Bitcoin The WRONG Way (Posting a Static QR Code or Bitcoin Address on Your Website or Cash Register) 08:18 🟧 How to Accept Bitcoin The STUPID Way (Through Bitcoin Payment Gateways) 12:41 🟧 How to Accept Bitcoin The EASY Way (Breez) 16:31 🟧 How to Accept Bitcoin The Right Way: The GOOD COMPROMISE (Voltage Cloud Paired with BTCPay) 24:04 🟧 How to Accept Bitcoin The SECURE Way (By Hosting Your Own Bitcoin Node and Connecting to BTCPay Over Tor) 30:50 🟧 Summary and Conclusion
🎥 IN THIS VIDEO: 🎥
00:00 🟧 Introduction
00:51 🟧 Why Accept Bitcoin?
01:01 🟧 Bitcoin is More Secure, No Fraud or Chargebacks
| 🟧 Bitcoin is Permissionless
| 🟧 Bitcoin Fees are Much Lower Than Credit Card Fees
| 🟧 Bitcoin Appreciates Over Time
| 🟧 Accepting Bitcoin Drives Adoption Which Increases Value
03:24 🟧 Criteria on How to Select The Best Way to Accept Bitcoin
| 🟧 Security
| 🟧 Privacy
| 🟧 Cost
| 🟧 Setup
| 🟧 Self Custody
| 🟧 Customer Convenience
| 🟧 Vendor Convenience
| 🟧 Automation and Integration
04:37 🟧 How to Accept Bitcoin The WRONG Way (Posting a Static QR Code or Bitcoin Address on Your Website or Cash Register)
08:18 🟧 How to Accept Bitcoin The STUPID Way (Through Bitcoin Payment Gateways)
12:41 🟧 How to Accept Bitcoin The EASY Way (Breez)
16:31 🟧 How to Accept Bitcoin The Right Way: The GOOD COMPROMISE (Voltage Cloud Paired with BTCPay)
24:04 🟧 How to Accept Bitcoin The SECURE Way (By Hosting Your Own Bitcoin Node and Connecting to BTCPay Over Tor)
30:50 🟧 Summary and Conclusion
BitcoinFTM (For The Masses):
Jonathan Levi: