There are thousands of different cryptocurrencies circulating at the moment, but there’s always room for more. When you create a digital currency, you need to make sure people can buy it and use it on different platforms. And to do that, you have to get your crypto hosted on a platform like CoinPayments.
Why Host Your Coin on CoinPayments?
Getting your digital token listed on as many sites and exchanges as possible is important if you want it to acquire real value and eventually be traded with other big coins like Bitcoin, Litecoin, and so on.
But more than simply increasing the usage of your token, hosting your coin on a cryptocurrency payment processor and crypto wallet like CoinPayments will potentially allow you to get your coin accepted by merchants. This can do wonders for increasing your coin’s adoption rate and lead to it being considered an actual cryptocurrency. CoinPayments already hosts thousands of coins – and yours could be next.
With that in mind, let’s break down how you can host your crypto coin using CoinPayments starting today.
Visit CoinPayments
To get started hosting your coin on CoinPayments, simply visit CoinPayments.net and click “Add Your Coin” at the top of the page. You’ll be directed to an application page where it breaks down the requirements your cryptocurrency needs to fulfill for it to be hosted.
These requirements include:
- Your coin has to be using Fork or the RPC interface of a coin that we currently support.
- It must be listed on an exchange with APIs so we can pull accurate exchange rates.
- You must provide ongoing and advanced notifications for future updates, forks, etc.
- You must pay an integration fee of €10,000 for the first year.
- If your coin is an ERC-20 token, you’ll need a separate account funded with 10 ETH to cover all gas fees related to payments with your token.
If you meet all of the above requirements, you can proceed to the next step.
Apply for Coin Hosting
Beneath the list of requirements, you’ll find an application field. Here, you can apply for coin hosting on CoinPayments. The application is quick and simple, and you’ll need to provide things like the:
- Coin ticker symbol
- The coin name
- The coin’s website
- Your name and email
- Your coin’s algorithm
- Your coin source URL
Applying takes only a couple of moments, but keep in mind that you’ll need to pay a $25 nonrefundable application fee. This covers the cost for CoinPayments staff to review your coin and ensure that it meets the requirements above.
Once your application is processed, you should hear back from the CoinPayments team within a week.
Conclusion
As you can see, hosting your crypto coin with CoinPayments is quick and easy. Hosting your coin on CoinPaypments is one of the best ways to increase its usage rate and make it a more legitimate token for use throughout the wider web, especially with merchants.
Check out CoinPayments’ coin hosting page today and get started with your application ASAP.
Sources:
Hard Fork (Blockchain) Definition | Investopedia
