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

We recommend the open source BitPay bitcoin wallet app. It's a great option for paying BitPay invoices because it dynamically calculates sufficient miner fees. It's also secure and easy to use.Move Bitcoin or Bitcoin Cash into your spending wallet2 If you don't have Bitcoin or even Bitcoin Cash in your wallet still, you will need to buy some.Exchanges are available all around the planet, allowing users to convert any currency into and from Bitcoin and Bitcoin Cash.

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

Remember to send your payment during the 15-minute payment window. BitPay only guarantees the fixed BTC or BCH price for this time period. Do not send payments to expired invoices.There are several ways to pay 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 see the invoice, you can open the payment in your pocket by tapping . 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 details, and send the payment.Bitcoin and Bitcoin Cash Miner Charges Miner charges will be the price your wallet pays for the computing power which confirms transactions on the Bitcoin and Bitcoin Cash networks.

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These fees 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 commission included in your invoice total covers the Bitcoin or Bitcoin Cash miner fee cost of BitPay's transaction sweep for your payment.

Learn more about the reasons for this price. Refunds & Order TroubleshootingBitPay provides tools and reporting for merchants to look at successful payments and manage their own refunds in Bitcoin or Bitcoin Cash. If you'd prefer a refund or need assistance in getting your order for a successful 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 assist you. Merchant refund policies differ, therefore please contact the merchant to go over refund options. .

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When mining began, routine off-the-shelf PCs were quickly enough to generate bitcoins. That's how the system was put upeasier to mine in the beginning, harder to mine since more bitcoins are generated. Throughout the past couple of years, miners have had to move on to faster hardware in order to keep generating new bitcoins.

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

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There is a way around get more such a 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 together to mine. Popular navigate to this website sites such as Slush's Pool allow small-time miners to get percentages of bitcoins when they include their personal computer power to the group. .

The faster your computer can mine and the more power it's contributing to the pool, the bigger percentage of bitcoins received. Bitcoins can be broken down into eight decimal points. Like pockets, pool websites are unregulated and the operator of the poolwho receives all of the coins minedis under no lawful 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 couple hundred bucks you can earn a few 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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