How to Pay Using Bitcoin And Other Cryptocurrencies

Traditional payment systems are controlled by major players such a VISA, Mastercard, American Express, PayPal etc. All transactions processed through them can be traced/tracked and these players can be pressured to stop service to a specific type of industry such as IPTV.

Cryptocurrencies such as Bitcoin allows companies that are normally sanctioned or blocked by these payment gateways to be able to accept payment from customers, your identity is never revealed and it’s very difficult to be traced or tracked. It really makes sense for us and makes sense for our customers as well.

If you’re in the USA , it’s very easy to purchase Bitcoin and pay your invoices via CashApp. However, if you’re outside the USA it may not be easy. There may be a bit of a learning curve and it may be mysterious to you at first, but it is actually really easy.

So, how do I get started you may ask? Well, the first thing you’ll need is a cryptocurrency wallet to hold your Bitcoin and other cryptocurrencies, just like how you need a wallet/purse or a bank account to store your fiat currency.

Step 1. Getting a wallet.

The first thing you need to do is get a free cryptocurrency wallet. Here are two popular and user-friendly wallets that we recommend, for example, IPTV SILO is using Coinbase.

You will need to download and install the app of your preferred cryptocurrency wallet to your smartphone or computer, or you may choose to use a web-based “online based” wallet from a cryptocurrency exchange such as Coinbase, however,  you need to register using your email address and verify your identity before you start using it. Be sure to keep your login details safe! Please view the embedded instructional video below showing how to register for a cryptocurrency wallet from Coinbase.

Step 2. Purchase some cryptocurrency.

The second thing you need to do is buy some Bitcoin or other cryptocurrencies and deposit them into your new wallet. This is done by converting your real money (from a credit/debit card, bank account etc.) into cryptocurrency by using a cryptocurrency exchange such as Coinbase, Changelly, Switcher etc. Some popular cryptocurrency exchanges that we recommend are listed below. Most of these exchanges support buying cryptocurrency directly via credit/debit card, but not from all countries. You’ll need to find out which one supports buying and selling cryptocurrency in your particular country.

Once on the exchange’s website you’ll need to state the amount of cryptocurrency you wish to purchase, enter your unique cryptocurrency deposit address which will be provided by the cryptocurrency wallet you setup in Step 1 above by copying and pasting the wallet address (or by simply scanning the provided QR code), and then place your order. For Bitcoin, the wallet address will have between 26-35 alphanumeric characters. Please view the instructional video below showing how to purchase Bitcoin on Coinbase.

Step 3. Pay your invoices using the cryptocurrency from your wallet.

At the top right-hand corner of your invoice select “Cryptocurrency (Bitcoin, Ethereum, Litecoin etc.)” as the payment option, click the green “Pay with Crypto” button and you’ll be taken to the payment gateway/checkout page, then select your preferred cryptocurrency and you will be provided with a unique wallet deposit address to make your payment to. You’ll also see the amount of cryptocurrency you need to send to complete the transaction successfully. Send/withdraw the displayed amount from your cryptocurrency wallet to the wallet address provided on the checkout page within the allotted time by copying and pasting the address or by scanning the QR code using the QR code scanner in your wallet, wait for the payment to be confirmed and you’re all set! Please view the instructional video below showing how to send/receive Bitcoin on Coinbase.

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