15 Feb 2022 By PAYCEC
You'll need a wallet to hold your coins if you want to pay and get paid Bitcoins or other sorts of cryptocurrency payments. Consumers utilize a number of e-wallets these days, the most popular of which is mobile wallets. Cryptocurrency payments, like other E-money transactions, necessitate the creation of a mobile wallet. Customers can create a free online wallet with a private key that functions as a digital signature.
A crypto wallet is a secure storage location for your cryptocurrency. Hosted wallets, non-custodial wallets, and hardware wallets are the most prevalent types of cryptocurrency wallets. Which solution is best for you depends on what you want to accomplish with your crypto and what kind of safety net you desire.
There are a variety of ways to hold crypto, just as there are a variety of ways to maintain currency (in a bank account, a safe, or in your castle). With crypto, you can use a hosted wallet to keep things easy, a non-custodial wallet to have complete control over your crypto, a hardware wallet to take extra precautions, or a combination of wallets.
When customers pay in cryptocurrency, they are provided with an address in one of two forms:
Customers will need to enter the amount of payment and confirm to send.
Convert customer’s payment into the merchant's chosen currency(USD/EUR/GBP/CAD/AUD) after blockchain confirmation.
When the payment is received, merchants will get a notification and will see balance increase.
If you need further assistance or answer, please don't hesitate to contact us.
We are honored to serve as your reliable business partner and financial service provider in the industry and other business-related services. With the help of our professional staff, to help merchants to achieve their goals for the development and expansion of the international business market.
Our payment flow has developed in the e-commerce world to perform seamlessly and effectively across all platforms and devices. We take pleasure in combining technology with customer service, to solve your concerns at the moment.
PayCEC is a fully worldwide payment network that not only allows merchants to be paid immediately and securely, but also allows them to withdraw money in multiple currencies to their company accounts.