CoinPayments Tips to Avoid a Cryptocurrency Scam

Digital currencies are an increasingly hot area with a mind-blowing 3000% growth in market capitalization in 2017 alone.  As interest in digital currencies continues to grow, it is important to understand the risks. New users of cryptocurrencies often fall prey to common mistakes or scams, and CoinPayments is committed to supporting and educating users in avoiding these pitfalls. We been around the crypto world since 2013 and we have seen our fair share of scams and schemes. Below are 12 tips from CoinPayments to protect yourself against cryptocurrency scams, grouped…

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A Quick Guide to $PayByName™ in CoinPayments

  $PayByName™ is a unique CoinPayments feature which is designed to enormously simplify the process of sending and receiving payments via numerous different crypto coins inside the CoinPayments ecosystem and a selection of apps through our partner Netki. The feature offers one chief benefit in that allows the user to send or receive payments without having to copy and paste wallet addresses. Now, if you’re a total newbie to the crypto currency ecosystem, here is what a typical Bitcoin (BTC) wallet address looks like:   3Jpk464Enx4YA58HJHdtT82hwgUfig4geC   This is what…

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COINFEST 2018

CoinFest Vancouver: Lightning Edition By: Christina Succurro  On April 6th, 2018 CoinPayments in partnership with Andrew Wagner will be hosting CoinFest, a mini Blockchain expo which aims to be the event equivalent to open source peer-to-peer technology. A local venture founded in 2013 returning for the second year in a row, to our very own Headquarters here in Vancouver BC. CoinFest has consistently provided opportunities for businesses and Crypto enthusiasts to casually connect over pizza and beer with some of the most influential people of the fin-tech world. An educational and…

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Ways Cryptocurrency Can Positively Affect Small Businesses

Cryptocurrency provides a quick and inexpensive way to accept customer payments in comparison to the traditional method such as credit card. With every cryptocurrency payment, the pay is final which gives the merchant the power instead of the customers. There are four ways cryptocurrency can positively affect your business. No Processing Fees Traditionally, all form of digital transactions has a processing fee; however, with cryptocurrency, there is no intermediary which means that the merchant does not pay the processing fees. Cryptocurrency is a peer-to-peer transaction with no additional cost to…

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How to Accept Cryptocurrency as a Small Business

Set up Your Merchant Wallet Account As a merchant, the first step in accepting cryptocurrencies is to set up a merchant wallet account. The top merchant wallet account providers are CoinPayments.Net, Coinbase, BitPay, and CoinGate. Unique public wallet address will be provided in a form of 26–35 alphanumeric string of characters as well as an associated QR Code for your POS System. The address allows customers to send payments to your wallet. A private key will also be provided to you to help you access your wallet anytime you wish.…

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The Evolution of Money

We are going through an exciting new evolution of how money is used. Medium of Exchange (Commodities) During the period of early human civilization, any commodity that was demanded and chosen by common consent was used as a form of currency. Goods like furs, salt, rice, wheat, weapons, animals, and much more were used as an exchange which was known as ‘Barter Exchange.’ Metallic With the progress of human civilization, commodity exchange transitioned into metallic money. Metals like gold, silver, copper, nickel, and much more were used as they could…

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A Better Way to Pay

Understanding the difference between cryptocurrencies and your typical online payment options! As cryptocurrencies like Bitcoin and Etherium become increasingly more popular, we thought we would weigh in on the benefits of adopting cryptocurrency for your business and explore some of the differences between cryptocurrencies and traditional money. So what exactly is cryptocurrency? Cryptocurrency, also referred to as digital currency, is a digital coin that can be exchanged online. Unlike traditional money, a central bank or government does not issue the value represented by digital currency. Consumers and businesses around the…

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CoinPayments at FFCON18

Fintech & Funding Conference On March 5 & 6 2018, the National Crowdfunding and Fintech Association of Canada (NCFA), will be hosting FFCON18, a leading financial technology and funding conference that will be held in Toronto, Ontario. The theme for this year will be to focus primarily on accelerating the speed of blockchain and capital innovation by reducing friction with efficiency – Velocity. CoinPayments, along with other major industry partners such as Nikola Tesla Unite Ltd, Pegasus Fintech and FrontFundr to name a few, will be providing education, industry mentorship,…

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