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Bitcoin and Bitcoin Cash are secure currencies to the internet. You can pay without handing out sensitive financial information, and you don't need an account.Watch our guide below to learn how to get started using blockchain payments to BitPay merchants.Get a wallet1 First you will need a Bitcoin or Bitcoin Cash wallet an program which lets you get, hold, and spend Bitcoin or even Bitcoin Cash.

We recommend the open source BitPay bitcoin wallet app. It is a great option for paying BitPay invoices because it dynamically computes sufficient miner fees. It's also secure and easy to use.Move Bitcoin or even Bitcoin Cash into your spending wallet2 in case you don't have Bitcoin or even Bitcoin Cash in your pocket yet, you'll need to buy some.Exchanges are available all around 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 quick, convenient, and extremely 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 time period. Do not send payments into expired invoices.There are several ways to cover a BitPay invoice from your wallet.Scan the QR CodeAIf your wallet is on a different mobile device, you can scan this code to open the payment in your own wallet.

Then make the payment. Open in WalletBIf your wallet is on the device you're using to view the invoice, you can open the payment in your wallet by tapping . Confirm everything is correct, and your wallet will produce the payment.Send the Payment ManuallyCCopy the payment URL in the invoice and glue it in your pocket"Send" screen, check your payment information, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner charges will be the cost 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 higher or lower depending on the number of transactions waiting to be confirmed on the Bitcoin or Bitcoin Cash networks.Network Cost FeeThe Network Cost fee included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee price of BitPay's transaction sweep to the payment.

Learn more about the reasons for this price. Refunds & Order TroubleshootingBitPay supplies tools and reporting to allow merchants to view profitable payments and manage their own refunds in Bitcoin or even Bitcoin Cash. If you would like a refund or need assistance in getting your purchase to get an effective payment, please contact the merchant directly.

Bear in mind you will need to provide your BitPay invoice URL or your order ID for the merchant to aid you. Merchant refund policies vary, so please contact the merchant to read more go over refund options. .

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When mining began, regular off-the-shelf PCs were fast enough to generate bitcoins. That is the way the system was set upeasier to mine in the beginning, tougher to mine since more bitcoins are generated. Throughout the past few decades, 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 particular taskin this instance mining.New quicker hardware is being made by different mining start-ups at a rapid speed and the price for a full mining rigcapable of discovering new bitcoins on its own owncurrently costs 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 group of bitcoin miners from around the world who literally pool their personal computer power with each other to mine. Popular sites including Slush's Pool allow small-time miners to receive percentages of bitcoins when they include their computer ability to the group. .

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

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

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