Which Payment Gateway is Best for Cryptocurrency?
There are Many Ways to Make Crypto Trading Simple
Introduction to Crypto Payment Gateways
Crypto currency has been spreading like wildfire everywhere over the past years. What was once an obscure concept for most people, is becoming more and more accessible by the day. At this point, you most likely have at least a few people in your life obsessing over the latest crypto coin and ways to find success in crypto trading. However, the actual, practical uses crypto currency may have in our everyday life remain an elusive notion, to a certain extent. It is quite easily understood that one could trade crypto, open and close positions, invest in crypto, but in the end what is it all about? What is the actual value and use of crypto coins? Even though crypto coins are not tangible, real life coins and are not recognised as legal tender by most countries, they can still be used as a payment method. Albeit, not in every country of course, as many still strictly restrict crypto coin exchanges. But, even if a country allows the use of crypto currency as payment, many merchants remain very skeptical about it and will probably avoid such exchanges. Although, in a world where crypto currency is rapidly becoming a common occurrence, opting to decline crypto coin payments, could result in various issues for any business. There is a way to circumvent such problems, without having to compromise your beliefs or waste your precious time and that is via a crypto payment gateway.
What is a Crypto Payment Gateway?
Before getting into any more specific details, we need to explain what a crypto payment gateway is, how it works and what its benefits may be. In essence, a crypto payment gateway is a payment processor for digital currencies, which allows you to accept payments in crypto currencies, without actually having to receive crypto coins in your account. Before transferring the payment to your account, a crypto payment gateway will convert the amount of crypto currency paid, to fiat currency of equal market value. Fiat currency is defined as any form of currency backed and issued by a government. So, most modern currencies, such as the United States Dollar or the Euro are considered fiat currencies.
By opting to use a crypto payment gateway, a merchant is offered great flexibility, thus negating all hesitations they may feel about receiving payments in crypto currencies.
The provider behind the crypto payment gateway of your choice, takes the burden of exchanging received crypto off your shoulders, by using their own wallets to facilitate the transaction between your business and a customer. It should be noted that there are fees associated with the services provided, which may vary widely depending on the provider’s policies. Many merchants do not fully trust crypto currency yet, mainly because they may not completely understand it, but this is not all there is to it. One big issue business owners may have with crypto currency payments is the anonymity provided to the customer, as well as the lack of service in case of a payment issue. By choosing to work with a crypto payment gateway, these problems are totally eliminated. That way, even the most skeptical business owners can feel safe about their crypto currency transactions, and avoid driving potential customers away. Crypto currency coins are notorious for their extreme volatility, therefore trading in them poses the risk of a change in their value before the transaction is even validated. When operating with a crypto currency payment gateway, there is no need to worry about any such issues, because the value of your payment is fixed at the exact moment the transaction was initially conducted. To an individual who has not studied crypto currency extensively, most of the above will probably make little to no sense. In this case, using a crypto payment gateway is even more vital, because it removes any need to have a deep comprehension of crypto currency to be able to provide it as a valid method of payment for your business services.
The Best Crypto Payment Gateway
The increasingly high demand for safe crypto currency payments has resulted in an abundance of payment gateways on offer. But, what are the criteria you should be taking under consideration, before making your final decision? A very important aspect to consider when picking the right crypto payment gateway is the speed with which transactions are executed. These days, life is so fast, stressful and busy that the mantra ‘time is money’ holds very true. Now, more than ever before. So, picking a gateway which operates with speed and minimises down time is of the utmost importance for a successful business. We have already talked about transaction fees and obviously, offering relatively low commissions should be one of the key factors when trying to decide on a crypto payment gateway. Also, having an easy to navigate and pleasant user interface goes a long way, when dealing with crypto currency payments. Last but certainly not least, transaction security is of the utmost importance. It is absolutely necessary to do a thorough background check of the provider of the payment gateway and make sure they operate in legitimate ways and high standards. If there is one crypto payment gateway that meets all of the above requirements and provides even more, then it has to be the NAGAX Crypto Wallet. By choosing to work with NAGAX, you can rest assured that your business is in safe hands. That is especially true with the NAGAX Crypto Wallet, due to the sensitive nature of accepting payments in crypto coins. Thanks to its multi-layer technology which is a combination of the latest NPC Cryptography and hardware isolation, the NAGAX Crypto Wallet sets new standards for crypto currency security. Your only point of access to your NAGA Crypto Wallet is via a unique, encrypted key that acts as an impenetrable fortress against external or internal hacking threats. At this point in time, NAGAX Crypto Wallet offers access to more than 20 blockchain protocols as well as over a hundred tradable tokens. Finally, with the NAGAX Crypto Wallet you have the freedom to transfer your assets to another wallet or exchange them instantly without facing any problems whatsoever. All of these features when combined with the seamless integration of the NAGAX Crypto Wallet with the rest of the services offered by the NAGA Group, make for an appealing package, suitable for beginner traders and veterans alike.
Benefits of Using a Crypto Payment Gateway
Any successful business needs to stay up to date with the latest developments in technology and economy, in order to remain competitive. This has always been the case with the modern market and it is no different in the age of crypto currency’s dominance. By now, it has been made clear that crypto currency turned out to be more than a fad and that it is here for the long run. The number of crypto currency owners worldwide is currently at an all time high and studies have shown that the upward trend is only going to grow even more in the near future. Therefore, the rapidly increasing demand for crypto currency payments will make providing that option an absolute necessity for the future of your business. A smart business owner understands the need to be as adaptable as possible. In order to stay ahead of the pack, you need to be proactive and always be thinking forward. There are a plethora of tools that can be beneficial to a business and one of the most valuable ones is the crypto payment gateway. Deciding to use a crypto payment gateway for their business operations, allows a business owner to satisfy their customers’ crypto needs, even if they do not possess an adequate knowledge of the subject yet. That way you are essentially saving valuable time, while also eliminating any risk of losing potential customers that may otherwise have been driven away by the lack of crypto currency payment support. Crypto currency is a decentralized and unregulated form of currency, which makes it all the more unpredictable and difficult to manage. Accepting a payment in crypto by an anonymous, individual customer leaves you open to all sorts of issues and risks, without having anyone to turn to should any such problems occur. But, if you choose to use a gateway, its provider will be happy to assist you with whatever issues you may be facing at any given moment. New crypto coins appear out of thin air literally each and every day, which makes it especially tricky to keep up with their enormous influx. However, most providers support a large number of crypto coins, making your business highly flexible without many currency or geographical restrictions holding it back. The importance of widening your business operating zones should not be underestimated by any means. Making your products visible and available for customers from all over the world, is guaranteed to help the expansion of your business. It is also very important to make the payment procedures for your business as streamlined and convenient for your customers as possible. Many businesses do not offer crypto currency payment methods. As a result, if you choose to utilize a crypto payment gateway, you will instantly be giving your business a unique edge against the competition. Such flexibility regarding payment methods, allows your business to target and actually reach a much wider customer demographic than what was initially possible. By removing the ‘middleman’ in your transactions, the experience between business and customer is streamlined, making things just a little bit easier within the complicated web of crypto currency exchanges. Simultaneously, direct transactions with your client help in accelerating the entire process, which is very beneficial for both sides.
A General Overview of Crypto Payment Gateways
Any business should first and foremost be looking after their customers’ needs and convenience. Also, they should always be caught up with all current developments and new technologies bursting into the market and never be left behind the curve. Competition in the current market is especially fierce due to the health and financial issues that have been plaguing the world for the past few years. Diversifying in your payment methods is paramount to always being at least one step ahead of your competitors. At this point, the introduction of crypto currency as a regular payment option looks to be an inevitability. Instead of actively opposing or even ignoring change, it would be much wiser to embrace it and adapt your business operations accordingly. Even if you still doubt the legitimacy of crypto currency as a means of payment, the use of a crypto payment gateway allows you to be receptive to it, without having to own or trade it. You could think of a gateway as a kind of translator for a language you do not speak or have the time to learn. The luxury of using a gateway for your transactions opens up new options for consumers as well as your business. Otherwise inaccessible customers will suddenly be within the reach of your services. Just like that. The implementation of crypto currency into your business has become easier than ever before, thanks to the work of experienced providers such as NAGAX. NAGAX can anticipate the needs of traders and consumers all over the world and is able to consistently deliver. NAGAX Crypto Wallet offers a complete package, which is seamlessly integrated into their social crypto trading platform, NAGAX. From excellent customer support, to full on, easy to digest and accessible lessons in crypto currencies. Everything a professional may need from their provider, is just a click away, thanks to NAGAX.
Risk Warning: Cryptocurrencies are highly volatile and trading can result in the loss of your invested funds. Before investing you should be aware that cryptocurrencies may not be suitable for all investors. You should therefore carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and not invest money that you cannot afford to lose.