Getting started with bitpaycoin

Bitpaycoin is an innovative payment network and a new kind of money. 

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Fast peer-to-peer
transactions
 
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Worldwide
payments
 
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Low
processing fees
 
Bitpaycoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitpaycoins is carried out collectively by the network. Bitpaycoin is open-source; its design is public, nobody owns or controls Bitpaycoin and everyone can take part. Through many of its unique properties, Bitpaycoin allows exciting uses that could not be covered by any previous payment system.

Using Bitpaycoin to pay and get paid is easy and accessible to everyone.

1. Inform yourself

Bitpaycoin is different than what you know and use every day. Before you start using Bitpaycoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.

2. Choose your wallet

You can bring a Bitpaycoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer. In any case, choosing your wallet can be done in a minute.

3. Get Bitpaycoin

You can get Bitpaycoin by accepting it as a payment for goods and services. There are also several ways you can buy Bitpaycoin.

4. Spend Bitpaycoin

There is a growing number of services and merchants accepting Bitpaycoin all over the world. You can use Bitpaycoin to pay them and rate your experience to help honest businesses to gain more visibility.

How to accept Bitpaycoin

 

1. Inform yourself

Bitpaycoin does not require merchants to change their habits. However, Bitpaycoin is different than what you know and use every day. Before you start using Bitpaycoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.

2. Processing payments

You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitpaycoins. Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones.

3. Accounting and taxes

Merchants often deposit and display prices in their local currency. In other cases, Bitpaycoin works similarly to a foreign currency. To get appropriate guidance regarding tax compliance for your own jurisdiction, you should contact a qualified accountant.

4. Gaining visibility

There is a growing number of users searching for ways to spend their bitpaycoins. You can submit your business in online directories to help them easily find you. You can also display the Bitpaycoin logo on your website or your brick and mortar business.