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Bitcoin and Bitcoin Cash are protected currencies for the internet. You can cover without handing out sensitive financial information, and you don't need an account.Watch our guide below to learn how to begin with blockchain payments to BitPay merchants.Get a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an app that lets you get, hold, and spend Bitcoin or Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a great option for paying BitPay invoices because it dynamically calculates sufficient miner fees. Additionally, it is secure and simple to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or Bitcoin Cash in your pocket yet, you'll need to buy some.Exchanges are available all over the planet, allowing users to convert any currency into and out of Bitcoin and Bitcoin Cash.

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To utilize your Bitcoin or Bitcoin Cash, withdraw your Bitcoin or Bitcoin Cash in the exchange to your Payment Protocol compatible pocket prior to attempting to spend it. Make a payment3Making that a blockchain payment is fast, convenient, and incredibly secure.To make a payment, you won't need to enter any sensitive card information.

Don't forget to send your payment during the 15-minute payment window. BitPay only guarantees that the fixed BTC or BCH price for this period of time. Do not send payments to perished invoices.There are several ways to pay a BitPay invoice from the wallet.Scan that the QR CodeAIf your wallet is on a different mobile device, you can scan this code to open the payment in your wallet.

Then make the payment. Open in WalletBIf your wallet is on the device you're using to see the invoice, you can open the payment in your wallet by tapping here. Confirm everything is right, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and glue it in your wallet's"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Fees Miner charges are the price your wallet pays to get your computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These charges can be lower or higher depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Price FeeThe Network Price fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee price of BitPay's transaction sweep to your payment.

Learn more about the reasons for this cost. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to view profitable payments and manage their own refunds in you could look here Bitcoin or even Bitcoin Cash. If you would prefer a refund or need assistance in getting your order to get an effective payment, please contact the merchant directly.

Bear in mind that you will need to provide your BitPay invoice URL or your order ID for the merchant to assist you. Merchant refund policies vary, therefore please contact the merchant to discuss refund options. .

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When mining began, regular off-the-shelf PCs were fast enough to generate bitcoins. That's how the system was put upeasier to mine in the beginning, tougher to mine as more bitcoins are generated. Over the last couple of years, miners have had to move on to faster hardware in order to keep generating new bitcoins.

Programmer language apart, all this means is that the hardware is designed for one specific taskin this instance mining.New faster hardware is being made by various mining start-ups at a rapid speed and the price tag for a full mining rigcapable of discovering new bitcoins on its own owncurrently prices in the ballpark of $12,000. .

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There's a way around this kind of hefty investment: joining mining pools. Pools are a collective set of bitcoin miners from around the world who literally pool their own personal computer power with each other to mine. Popular sites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they add their personal computer ability to the group. .

The faster your computer can mine and the more energy it's contributing to the pool, the larger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like wallets, pool websites are unregulated and the operator of the poolwho receives all the coins minedis under no legal obligation to give everyone their cut. .

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Joining a pool means you can also use more hardware. USB ASIC minerswhich plug into any standard USB portcost as small as $20. "For a few hundred dollars you could earn a couple of dollars a day," according to Brice Colbert, a North Carolina-based miner of cryptocurrencies and operator of this website cryptojunky.com.

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