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How to Receive Cryptocurrency Payments – CryptoMode

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How to Receive Cryptocurrency Payments – CryptoMode
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Cryptocurrency payments among online casino customers are becoming increasingly popular today, gradually replacing operations with traditional bank cards. What are the advantages of such payments over paying through a bank, why should casinos switch to transactions with digital currency and why should they connect to services such as CryptoProcessing.com?

Reasons for the success of BTC casinos

One of the main advantages of paying with crypto is to provide great privacy to users. After all, this is what attracts customers to the bitcoin casino, in which the registration process is as simple as possible – just mentioning a name is enough in some cases.

In classic online casinos you have to provide a lot more personal data. And, of course, it scares away some customers who would prefer to remain anonymous. Digital assets allow users to make all payments without disclosing any information about themselves.

Benefits of Crypto Payments for Businesses

One of the main advantages of crypto payments in online casinos is the possibility of shortening the duration of intermediaries in transactions. When using a bank card, in addition to the sender and recipient of payment, there are at least 2 intermediaries – at least a bank and a processing company. And of course there can be many more. Accordingly, a transfer from a bank can take up to 3 days, while a cryptocurrency payment is made literally in seconds.

Another obvious advantage is universal accessibility. Cryptocurrency payments also allow online casinos to increase the number of customers at the expense of people who live in countries where payments to casinos are blocked. In addition, payment services such as CryptoProcessing.com make accepting cryptocurrencies much easier than accepting bank cards.

In addition, relatively low commissions are an important argument in choosing this particular payment method. After all, some banks charge from 5% of the total transfer amount for their services, and crypto payments involve a commission of around 1%.

There are two other advantages of crypto payments. The first is that there is no need to send funds to rolling reserves. So you don’t need to spend money to create such funds which are required in different jurisdictions. And another positive is the absence of chargebacks.

The nuances of paying with crypto for businesses

First of all is the volatility of crypto exchange rates. This is why it is so important to process the deposits you receive from customers as quickly as possible and to exchange crypto for fiat to hedge your risk. Thus, when using cryptocurrency, the merchant will not take the risk of volatility as all transactions are almost instantly converted into fiat. Additionally, cryptocurrencies make it possible to receive funds in stablecoins (1:1 pledged in USD) which also erases volatility risk.

However, when you use a reliable cryptocurrency payment service, such as CryptoProcessing.com, all risks are minimized.

CryptoProcessing.com – solution for accepting payments!

Online casinos today can accept all major cryptocurrencies, not just bitcoin. These include Ethereum, XRP, Litecoin and many other cryptocurrencies. The only thing they need to accept such payments is cooperation with a reliable crypto payment gateway. And maybe one of the best options can be CryptoProcessing.com from CoinsPaid. Let’s make a short exam to browse the main advantages of this service.

Today, CryptoProcessing.com is the world’s leading crypto payment gateway with over $1 billion in crypto volumes processed every month. This Payment gateway has been in operation for more than 8 years, and during this time more than 800 large companies have started using its services.

CryptoProcessing.com is an officially registered and licensed company in the European Union. The company performs independent security audits every year and currently has 3 security audits: Kaspersky, 10Guards and Hacken.

In 2021, CryptoProcessing.com processed over 9 million transactions for over $6 billion in crypto. Today, its share of total on-chain Bitcoin transactions is 8%.

This cryptocurrency processing gateway supports over 30 major cryptocurrencies for payments and over 20 fiat currencies for hedging, instantly converting them into each other. All payments are usually processed almost instantly. By logging in to this cryptocurrency payment gatewayyou can always count on 24-hour technical support that will guide you from the moment of the request until the very end of the process of receiving payment from the customer.

CryptoMode produces high quality content for cryptocurrency companies. To date, we’ve provided brand visibility for dozens of companies, and you can be one of them. All our customers appreciate our value for money ratio. Contact us if you have any questions: [email protected]

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses incurred while acting on the information provided on this website by its authors or customers. No advice should be taken at face value, always do your research before making financial commitments.

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