https://tests.bitcoin.it/w/api.php?action=feedcontributions&user=Coincorner&feedformat=atomBitcoin Wiki - User contributions [en]2024-03-29T10:59:04ZUser contributionsMediaWiki 1.30.0https://tests.bitcoin.it/w/index.php?title=Template:Exchanges&diff=66630Template:Exchanges2019-07-11T14:42:53Z<p>Coincorner: Added CoinCorner</p>
<hr />
<div>{{Navbox_default<br />
|title=[[Exchanges]]<br />
|image=[[File:BitcoinChartsExample.png|180px]]<br />
|group1=[[Comparison of exchanges]]<br />
|group2=Defunct<br />
|list1=[[BitBay]] • [[Bitfinex]] • [[BitMEX]] • [[Bitstamp]] • [[Bittrex]] • [[Bitso]] • [[C-CEX]] • [[CoinCorner]] • [[Coinfloor]] • [[Cryptopia]] • [[Gatecoin]] • [[GDAX]] • [[HitBTC]] • [[itBit]] • [[Kraken]] • [[Luno]] • [[Novaexchange]] • [[Poloniex]] • [[TheRockTrading]]<br />
|list2=[[Bitcoin Market]] • [[BTC-e]] • [[Mt. Gox]] • [[Intersango]] • [[TradeHill]]<br />
|footer=<br />
}}<br />
<!--<br />
<br />
Major exchanges are to be in bold print<br />
Don't put your exchange startup in bold. 20,000 BTC monthly volume for bold.<br />
To be listed as defunct the exchange must have been very significant at one time.<br />
<br />
--></div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Comparison_of_exchanges&diff=66628Comparison of exchanges2019-07-11T11:32:10Z<p>Coincorner: Updated rating for CoinCorner</p>
<hr />
<div>To make it possible to update this table frequently we don't list all exchanges here, only the most relevant. Therefore all listed exchanges must comply with the following criteria:<br />
* They must be listed on [https://coinmarketcap.com/exchanges/ coinmarketcap.com/exchanges/] (market position).<br />
* They must be listed with $500,000 (compatible with million rounding in the '''Assets''' row) or more in assets on a website that specialize on cryptocurrency exhanges like [https://coinmarketcap.com/exchanges/ coinmarketcap.com/exchanges/].<br />
* Must have their own article.<br />
* No external links are to be put on this page except the official home page.<br />
* No logo displayed in the table.<br />
* Notes must be brief and without sales pitch.<br />
<br />
{{exchange}}<br />
{| class="wikitable sortable" style="width: 100%; text-align: center; font-size: smaller; "<br />
! style="width: 1;" | Service<br />
! style="width: 1;" | Website<br />
! style="width: 1;" | [https://www.cryptocompare.com/exchanges/ Rating] (min 10 user reviews)<br />
! style="width: 1;" | Assets (M)<br />
! style="width: 1;" | [[Terminology|Fee, maker]] %<br />
! style="width: 1;" | [[Terminology|Fee, taker]] %<br />
! style="width: 1;" | 30d Volume / kBTC<br />
! style="width: 1;" | USD?<br />
! style="width: 1;" | EUR?<br />
! style="width: 1;" | GBP?<br />
! style="width: 1;" | CNY?<br />
! style="width: 1;" | Other<br />
! style="width: 1;" | Holds<br/>BTC?<br />
! style="width: 1;" | Holds fiat?<br />
! Notes<br />
|-<br />
! {{rh}} | [[Bisq]]<br />
| [https://bisq.network/ bisq.network]<br />
| <br />
|<br />
{{?}}<br />
| 0.02%<br />
| 0.02%<br />
| 100<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| Multiple<br />
| {{no}}<br />
| {{no}}<br />
| All fiat accepted. P2P decentralized, non-custodial exchange.<br />
|-<br />
! {{rh}} | [[BitBay]]<br />
| [https://bitbay.net/ bitbay.net]<br />
| <br />
| style="text-align: right" | $6,000,000<br />
| 0.43%<ref>https://bitbay.net/fees</ref><br />
| 0.43%<br />
| 12<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| PLN<br />
| {{yes}}<br />
| {{yes}}<br />
| Wire deposit fee: 0 PLN/0 USD/0 EUR/0 BTC. Wire withdrawal fee: 0.0002 BTC/0.005 LTC/1 PLN. Online deposits via: Zpay, Transferuj, OKPay. Online withdrawal via: SEPA, BlueCash, OKPay.<br />
|-<br />
|-<br />
! {{rh}} | [[Binance]]<br />
| [https://www.binance.com/en?ref=11110766 binance.com]<br />
| <br />
|<br />
{{?}}<br />
| 0.1%<ref>https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance</ref><br />
| 0.1%<br />
| 407<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| BNB<br />
| {{yes}}<br />
| {{?}}<br />
| BNB is own 'Binance Coin'<br />
|-<br />
! {{rh}} | [[BitBay]]<br />
| [https://bitbay.net/ bitbay.net]<br />
| <br />
| style="text-align: right" | $6,000,000<br />
| 0.43%<ref>https://bitbay.net/fees</ref><br />
| 0.43%<br />
| 12<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| PLN<br />
| {{yes}}<br />
| {{yes}}<br />
| Wire deposit fee: 0 PLN/0 USD/0 EUR/0 BTC. Wire withdrawal fee: 0.0002 BTC/0.005 LTC/1 PLN. Online deposits via: Zpay, Transferuj, OKPay. Online withdrawal via: SEPA, BlueCash, OKPay.<br />
|-<br />
! {{rh}} | [[Bitfinex]]<br />
| [https://bitfinex.com/ bitfinex.com]<br />
| <br />
| style="text-align: right" | $169,000,000<br />
| 0.1%<ref>https://www.bitfinex.com/fees</ref><br />
| 0.2%<br />
| 184<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[BitMEX]]<br />
| [https://www.bitmex.com/register/Omx0hx bitmex.com]<br />
| <br />
| style="text-align: right" | $72,000,000<br />
| 0.025%<ref>https://www.bitmex.com/app/fees</ref><br />
| 0.075%<br />
| 1800 <br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
| JPY<br />
| {{yes}}<br />
| {{no}}<br />
| Trading without expiry dates. Industry-leading security.<br />
|-<br />
! {{rh}} | [[Bitstamp]]<br />
| [https://bitstamp.net/ bitstamp.net]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $34,000,000<br />
| 0.25%<ref>https://www.bitmex.com/app/fees</ref><br />
| 0.25%<br />
| {{?}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
|<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Bittrex]]<br />
| [https://bittrex.com/ bittrex.com]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $205,000,000<br />
| 0.25%<ref>https://bittrex.com/fees</ref><br />
| 0.25%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Bitso]]<br />
| [https://bitso.com/ bitso.com]<br />
| <br />
| style="text-align: right" | $4,000,000<br />
| 0.1%<ref>https://bitso.com/fees</ref><br />
| 1%<br />
| 3<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| MXN<br />
| {{yes}}<br />
| {{yes}}<br />
| Instant bank deposits and withdrawals during banking hours<br />
|-<br />
! {{rh}} | [[C-CEX]]<br />
| [https://c-cex.com/ c-cex.com]<br />
| <br />
| style="text-align: right" | $1,000,000<br />
| 0.2%<br />
| 0.2%<br />
| 11<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| Secure & Friendly Exchange Since 2013. 200+ Alts, USD, Low Fees. [[Zclassic]] available.<br />
|-<br />
! {{rh}} | [[Cex.io]]<br />
| [https://cex.io/ cex.io]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $11,000,000<br />
| 0.16-0.00%<ref>https://cex.io/fee-schedule</ref><br />
| 0.2-0.1%<br />
| {{?}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| RUB<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[Coinbase]]<br />
| [https://www.coinbase.com/ coinbase.com]<br />
| style="background-color: lightgray" | 3<br />
| {{?}}<br />
| {{?}}<ref>https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees</ref><br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[CoinCorner]]<br />
| [https://coincorner.com/ coincorner.com]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $5,000,000<br />
| 1%<ref>https://https://www.coincorner.com/fees</ref><br />
| 1%<br />
| <br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
|<br />
|-<br />
! {{rh}} | [[Coinfloor]]<br />
| [https://coinfloor.co.uk/ coinfloor.co.uk]<br />
| <br />
| style="text-align: right" | $2,000,000<br />
| 0%<ref>https://coinfloor.co.uk/fees</ref><br />
| 0.38%<br />
| 14<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| PLN<br />
| {{yes}}<br />
| {{yes}}<br />
|The most liquid UK bitcoin exchange. 100% multi-signature underground cold storage. Immediate bitcoin withdrawals up to 2 XBT from Advance Withdrawal fund. No bitcoin deposit or withdrawal fees. Minimum deposit amount 1000 EUR/GBP/PLN/USD.<br />
|-<br />
! {{rh}} | [[Cryptopia]]<br />
| [https://cryptopia.co.nz/ cryptopia.co.nz]<br />
| <br />
| style="text-align: right" | $2,000,000<br />
| 0.2%<br />
| 0.2%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Gatecoin]]<br />
| [https://gatecoin.com/ gatecoin.com]<br />
| <br />
| style="text-align: right" | $19,000,000<br />
| 0.25%<ref>https://gatecoin.com/feeschedule</ref><br />
| 0.35%<br />
| 20<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| HKD<br />
| {{yes}}<br />
| {{yes}}<br />
| Hong-Kong regulated, SEPA deposits on European segregated accounts. Bank wire, Local Bank Transfers (Single Euro Payment Area, Hong Kong).<br />
|-<br />
! {{rh}} | [[Gemini]]<br />
| {{?}}<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $69,000,000<br />
| {{?}}<ref>https://gemini.com/fee-schedule/#real-time-fee-calculation</ref><br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[GDAX]]<br />
| [https://gdax.com/ gdax.com]<br />
| <br />
| style="text-align: right" | $235,000,000<br />
| 0%<ref>https://www.gdax.com/fees</ref><br />
| 0.25%<br />
| 240<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| CAD<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[HitBTC]]<br />
| [https://hitbtc.com/ hitbtc.com]<br />
| <br />
| style="text-align: right" | $17,000,000<br />
| 0.1%<ref>https://hitbtc.com/fees-and-limits</ref><br />
| 0.1%<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[itBit]]<br />
| [https://itbit.com/ itbit.com]<br />
| <br />
| style="text-align: right" | $3,000,000<br />
| 0%<ref>https://www.itbit.com/fees</ref><br />
| 0.2%<br />
| 38<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| SGD<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Kraken]]<br />
| [https://kraken.com/ kraken.com]<br />
| {{no|2}}<br />
| style="text-align: right" | $247,000,000<br />
| 0.16%<ref>https://www.kraken.com/help/fees</ref><br />
| 0.26%<br />
| 50<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Luno]]<br />
| [https://luno.com/ luno.com]<br />
| <br />
| style="text-align: right" | $1,000,000<br />
| 0%<ref>https://www.luno.com/en/countries</ref><br />
| 0.2%<br />
| 1.15<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| ZAR, IDR, MYR, NGN, SGD<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Novaexchange]]<br />
| [https://novaexchange.com/ novaexchange.com]<br />
| <br />
| style="text-align: right" | $1,000,000<br />
| 0.2% generally<ref>https://novaexchange.com/faq/frequently_asked_questions/#10</ref><br />
| 0.2%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Poloniex]]<br />
| [https://poloniex.com/ poloniex.com]<br />
| {{no|2}}<br />
| style="text-align: right" | $1,000,000,000<br />
| 0.15%<ref>https://temp.poloniex.com/fees/</ref><br />
| 0.25%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Safello]]<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[TheRockTrading]]<br />
| [https://therocktrading.com/ therocktrading.com]<br />
| <br />
| style="text-align: right" | $2,000,000<br />
| 0.2%<ref>https://therocktrading.com/en/pages/fees</ref><br />
| 0.2%<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Yobit]]<br />
| {{?}}<br />
| {{no|2}}<br />
| style="text-align: right" | $9,000,000<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|}<br />
<br />
==References==<br />
<references/><br />
{{exchanges}}</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Comparison_of_exchanges&diff=66627Comparison of exchanges2019-07-11T11:30:26Z<p>Coincorner: Added CoinCorner</p>
<hr />
<div>To make it possible to update this table frequently we don't list all exchanges here, only the most relevant. Therefore all listed exchanges must comply with the following criteria:<br />
* They must be listed on [https://coinmarketcap.com/exchanges/ coinmarketcap.com/exchanges/] (market position).<br />
* They must be listed with $500,000 (compatible with million rounding in the '''Assets''' row) or more in assets on a website that specialize on cryptocurrency exhanges like [https://coinmarketcap.com/exchanges/ coinmarketcap.com/exchanges/].<br />
* Must have their own article.<br />
* No external links are to be put on this page except the official home page.<br />
* No logo displayed in the table.<br />
* Notes must be brief and without sales pitch.<br />
<br />
{{exchange}}<br />
{| class="wikitable sortable" style="width: 100%; text-align: center; font-size: smaller; "<br />
! style="width: 1;" | Service<br />
! style="width: 1;" | Website<br />
! style="width: 1;" | [https://www.cryptocompare.com/exchanges/ Rating] (min 10 user reviews)<br />
! style="width: 1;" | Assets (M)<br />
! style="width: 1;" | [[Terminology|Fee, maker]] %<br />
! style="width: 1;" | [[Terminology|Fee, taker]] %<br />
! style="width: 1;" | 30d Volume / kBTC<br />
! style="width: 1;" | USD?<br />
! style="width: 1;" | EUR?<br />
! style="width: 1;" | GBP?<br />
! style="width: 1;" | CNY?<br />
! style="width: 1;" | Other<br />
! style="width: 1;" | Holds<br/>BTC?<br />
! style="width: 1;" | Holds fiat?<br />
! Notes<br />
|-<br />
! {{rh}} | [[Bisq]]<br />
| [https://bisq.network/ bisq.network]<br />
| <br />
|<br />
{{?}}<br />
| 0.02%<br />
| 0.02%<br />
| 100<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| Multiple<br />
| {{no}}<br />
| {{no}}<br />
| All fiat accepted. P2P decentralized, non-custodial exchange.<br />
|-<br />
! {{rh}} | [[BitBay]]<br />
| [https://bitbay.net/ bitbay.net]<br />
| <br />
| style="text-align: right" | $6,000,000<br />
| 0.43%<ref>https://bitbay.net/fees</ref><br />
| 0.43%<br />
| 12<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| PLN<br />
| {{yes}}<br />
| {{yes}}<br />
| Wire deposit fee: 0 PLN/0 USD/0 EUR/0 BTC. Wire withdrawal fee: 0.0002 BTC/0.005 LTC/1 PLN. Online deposits via: Zpay, Transferuj, OKPay. Online withdrawal via: SEPA, BlueCash, OKPay.<br />
|-<br />
|-<br />
! {{rh}} | [[Binance]]<br />
| [https://www.binance.com/en?ref=11110766 binance.com]<br />
| <br />
|<br />
{{?}}<br />
| 0.1%<ref>https://support.binance.com/hc/en-us/articles/115000429332-Fee-Structure-on-Binance</ref><br />
| 0.1%<br />
| 407<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| BNB<br />
| {{yes}}<br />
| {{?}}<br />
| BNB is own 'Binance Coin'<br />
|-<br />
! {{rh}} | [[BitBay]]<br />
| [https://bitbay.net/ bitbay.net]<br />
| <br />
| style="text-align: right" | $6,000,000<br />
| 0.43%<ref>https://bitbay.net/fees</ref><br />
| 0.43%<br />
| 12<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| PLN<br />
| {{yes}}<br />
| {{yes}}<br />
| Wire deposit fee: 0 PLN/0 USD/0 EUR/0 BTC. Wire withdrawal fee: 0.0002 BTC/0.005 LTC/1 PLN. Online deposits via: Zpay, Transferuj, OKPay. Online withdrawal via: SEPA, BlueCash, OKPay.<br />
|-<br />
! {{rh}} | [[Bitfinex]]<br />
| [https://bitfinex.com/ bitfinex.com]<br />
| <br />
| style="text-align: right" | $169,000,000<br />
| 0.1%<ref>https://www.bitfinex.com/fees</ref><br />
| 0.2%<br />
| 184<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[BitMEX]]<br />
| [https://www.bitmex.com/register/Omx0hx bitmex.com]<br />
| <br />
| style="text-align: right" | $72,000,000<br />
| 0.025%<ref>https://www.bitmex.com/app/fees</ref><br />
| 0.075%<br />
| 1800 <br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
| JPY<br />
| {{yes}}<br />
| {{no}}<br />
| Trading without expiry dates. Industry-leading security.<br />
|-<br />
! {{rh}} | [[Bitstamp]]<br />
| [https://bitstamp.net/ bitstamp.net]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $34,000,000<br />
| 0.25%<ref>https://www.bitmex.com/app/fees</ref><br />
| 0.25%<br />
| {{?}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
|<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Bittrex]]<br />
| [https://bittrex.com/ bittrex.com]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $205,000,000<br />
| 0.25%<ref>https://bittrex.com/fees</ref><br />
| 0.25%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Bitso]]<br />
| [https://bitso.com/ bitso.com]<br />
| <br />
| style="text-align: right" | $4,000,000<br />
| 0.1%<ref>https://bitso.com/fees</ref><br />
| 1%<br />
| 3<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| MXN<br />
| {{yes}}<br />
| {{yes}}<br />
| Instant bank deposits and withdrawals during banking hours<br />
|-<br />
! {{rh}} | [[C-CEX]]<br />
| [https://c-cex.com/ c-cex.com]<br />
| <br />
| style="text-align: right" | $1,000,000<br />
| 0.2%<br />
| 0.2%<br />
| 11<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| Secure & Friendly Exchange Since 2013. 200+ Alts, USD, Low Fees. [[Zclassic]] available.<br />
|-<br />
! {{rh}} | [[Cex.io]]<br />
| [https://cex.io/ cex.io]<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $11,000,000<br />
| 0.16-0.00%<ref>https://cex.io/fee-schedule</ref><br />
| 0.2-0.1%<br />
| {{?}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| RUB<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[Coinbase]]<br />
| [https://www.coinbase.com/ coinbase.com]<br />
| style="background-color: lightgray" | 3<br />
| {{?}}<br />
| {{?}}<ref>https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees</ref><br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[Coinfloor]]<br />
| [https://coinfloor.co.uk/ coinfloor.co.uk]<br />
| <br />
| style="text-align: right" | $2,000,000<br />
| 0%<ref>https://coinfloor.co.uk/fees</ref><br />
| 0.38%<br />
| 14<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| PLN<br />
| {{yes}}<br />
| {{yes}}<br />
|The most liquid UK bitcoin exchange. 100% multi-signature underground cold storage. Immediate bitcoin withdrawals up to 2 XBT from Advance Withdrawal fund. No bitcoin deposit or withdrawal fees. Minimum deposit amount 1000 EUR/GBP/PLN/USD.<br />
|-<br />
! {{rh}} | [[CoinCorner]]<br />
| [https://coincorner.com/ coincorner.com]<br />
| <br />
| style="text-align: right" | $5,000,000<br />
| 1%<ref>https://https://www.coincorner.com/fees</ref><br />
| 1%<br />
| <br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
|<br />
|-<br />
! {{rh}} | [[Cryptopia]]<br />
| [https://cryptopia.co.nz/ cryptopia.co.nz]<br />
| <br />
| style="text-align: right" | $2,000,000<br />
| 0.2%<br />
| 0.2%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Gatecoin]]<br />
| [https://gatecoin.com/ gatecoin.com]<br />
| <br />
| style="text-align: right" | $19,000,000<br />
| 0.25%<ref>https://gatecoin.com/feeschedule</ref><br />
| 0.35%<br />
| 20<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| HKD<br />
| {{yes}}<br />
| {{yes}}<br />
| Hong-Kong regulated, SEPA deposits on European segregated accounts. Bank wire, Local Bank Transfers (Single Euro Payment Area, Hong Kong).<br />
|-<br />
! {{rh}} | [[Gemini]]<br />
| {{?}}<br />
| style="background-color: lightgray" | 3<br />
| style="text-align: right" | $69,000,000<br />
| {{?}}<ref>https://gemini.com/fee-schedule/#real-time-fee-calculation</ref><br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[GDAX]]<br />
| [https://gdax.com/ gdax.com]<br />
| <br />
| style="text-align: right" | $235,000,000<br />
| 0%<ref>https://www.gdax.com/fees</ref><br />
| 0.25%<br />
| 240<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| CAD<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[HitBTC]]<br />
| [https://hitbtc.com/ hitbtc.com]<br />
| <br />
| style="text-align: right" | $17,000,000<br />
| 0.1%<ref>https://hitbtc.com/fees-and-limits</ref><br />
| 0.1%<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[itBit]]<br />
| [https://itbit.com/ itbit.com]<br />
| <br />
| style="text-align: right" | $3,000,000<br />
| 0%<ref>https://www.itbit.com/fees</ref><br />
| 0.2%<br />
| 38<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| SGD<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Kraken]]<br />
| [https://kraken.com/ kraken.com]<br />
| {{no|2}}<br />
| style="text-align: right" | $247,000,000<br />
| 0.16%<ref>https://www.kraken.com/help/fees</ref><br />
| 0.26%<br />
| 50<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Luno]]<br />
| [https://luno.com/ luno.com]<br />
| <br />
| style="text-align: right" | $1,000,000<br />
| 0%<ref>https://www.luno.com/en/countries</ref><br />
| 0.2%<br />
| 1.15<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| ZAR, IDR, MYR, NGN, SGD<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Novaexchange]]<br />
| [https://novaexchange.com/ novaexchange.com]<br />
| <br />
| style="text-align: right" | $1,000,000<br />
| 0.2% generally<ref>https://novaexchange.com/faq/frequently_asked_questions/#10</ref><br />
| 0.2%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Poloniex]]<br />
| [https://poloniex.com/ poloniex.com]<br />
| {{no|2}}<br />
| style="text-align: right" | $1,000,000,000<br />
| 0.15%<ref>https://temp.poloniex.com/fees/</ref><br />
| 0.25%<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
|-<br />
! {{rh}} | [[Safello]]<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|-<br />
! {{rh}} | [[TheRockTrading]]<br />
| [https://therocktrading.com/ therocktrading.com]<br />
| <br />
| style="text-align: right" | $2,000,000<br />
| 0.2%<ref>https://therocktrading.com/en/pages/fees</ref><br />
| 0.2%<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|-<br />
! {{rh}} | [[Yobit]]<br />
| {{?}}<br />
| {{no|2}}<br />
| style="text-align: right" | $9,000,000<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| {{?}}<br />
| <br />
|}<br />
<br />
==References==<br />
<references/><br />
{{exchanges}}</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=66626CoinCorner2019-07-11T10:57:47Z<p>Coincorner: Added CoinCorner to Category:Payment Processors following the launch of CoinCorner Checkout.</p>
<hr />
<div>{{Infobox company<br />
| name = CoinCorner|image=[[File:CoinCorner_Logo.png|256px]]<br />
| logo_caption = <br />
| industry = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]<br />
| foundation = June 2014<br />
| founder = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown<br />
| location = {{{Isle of Man}}}<br />
| location = Douglas, Isle of Man<br />
| website = [https://www.coincorner.com www.coincorner.com]<br />
| twitter=CoinCorner<br />
| facebook=coincornercom<br />
}}<br />
<br />
'''CoinCorner''' is a [[Exchanges|bitcoin exchange]] and [[Browser-based_wallet|wallet provider]], based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. The company was founded in June 2014 by Daniel Scott, Phil Collins, Charlie Woolnough and David Brown as a solution to "wanting to buy bitcoin from the UK and online from somewhere you trust.".<ref>[https://www.coincorner.com/About "About CoinCorner"], CoinCorner.</ref> The company currently operates in 45 countries worldwide.<br />
<br />
==People==<br />
The team are currently based at CoinCorner's office in the Isle of Man.<br />
<br />
Daniel Scott, co-founder and CTO, has a decade of experience in software development and experience working with several large companies such as Microsoft.<br />
<br />
Phil Collins is co-founder and Head of Operations for CoinCorner with over 15 years' experience in running corporate structures across a variety of industries.<br />
<br />
Co-founder Charlie Woolnough has over a decade of experience in investment banking and hedge fund industry having previously worked at a senior level for ABN Amro, HSBC and Credit Suisse. Charlie is Chairman of the Manx Digital Currency Association<ref>[http://www.mdca.im/about-us/executive-committee/"Executive Committee"], MDCA.</ref> and has a noticeable presence in the media<ref>[http://www.bloomberg.com/news/features/2015-09-07/isle-of-man-tax-haven-with-tailless-cats-becomes-bitcoin-hub"Greetings From Bitcoin Island"], Bloomberg.</ref><ref>[http://www.independent.co.uk/news/uk/home-news/bitcoin-how-the-isle-of-man-is-sparking-a-cryptocurrency-revolution-a6794756.html"Bitcoin: How the Isle of Man is leading a Cryptocurrency Revolution"], The Independent.</ref><ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> as well as major conferences and events (Panelist at Eye For Travel Start-up & Innovation in Travel Awards 2016<ref>[http://events.eyefortravel.com/travel-distribution-summit-europe/awards.php#Judges "Judges"], Eye For Travel.</ref> and ISLEXPO 2016<ref>[http://www.islexpo.com/agenda/speakers/122917 "Agenda: Speakers"], ISLEXPO.</ref>). He has also appeared as a guest on the financial news and analysis show, The Keiser Report<ref>[https://www.youtube.com/watch?v=o78jG5BJf18 "Keiser Report: Attitude Adjustment Camps (E651)"], Russia Today, YouTube.</ref> hosted by Max Keiser.<br />
<br />
==Funding==<br />
The company was self-funded by its co-founders for the first 9 months, before receiving an investment sum of £150,000 from angel investor, Alex Holt, co-founder of Costa Bingo and bgo. In November 2015, CoinCorner announced that it was looking to raise its next round of funding via an equity crowdfunding campaign on Seedrs,<ref>[http://blog.coincorner.com/2015/11/leaders-in-bitcoin-and-blockchain.html "Leaders In The Bitcoin and Blockchain Services Industry Launch Crowdfunding Campaign"], CoinCorner Blog.</ref> however the campaign was ended early due to interest from a number of private investors.<br />
<br />
==Regulation==<br />
CoinCorner have worked closely with the Isle of Man Government, helping to establish suitable regulation for bitcoin businesses on the island.<br />
<br />
In May 2016, CoinCorner was one of two bitcoin businesses to be awarded Designated Business status by the Isle of Man Financial Services Authority (IOMFSA)<ref>[http://www.iomfsa.im/dnfbp/designatedbusinesses.xml"Designated Businesses"] IOMSFA.</ref><ref>[https://www.gov.im/lib/docs/iomfsa/dnfbpregister.pdf"Register of Registered Designated Businesses"], Official Isle of Man Government Website.</ref><ref>[http://themerkle.com/isle-of-man-grants-designated-business-status-to-coincorner/"CoinCorner Is Now Officially Licensed"], The Merkle.</ref> following the introduction of The Designated Businesses (Registration and Oversight) Act. The Act came into force in October 2015 after a proposal was put forward to place responsibility on the IOMFSA for the oversight of the adherence of certain businesses and professions to the Island’s anti-money laundering and countering the financing of terrorism legislation.<br />
<br />
With the Isle of Man’s acceptance of bitcoin businesses [[CoinCorner#Bitcoin and the Isle of Man|well documented]], Designated Businesses now also include those in ''“the business of issuing, transmitting, transferring, providing safe custody or storage of, administering, managing, lending, buying, selling, exchanging or otherwise trading or intermediating convertible virtual currencies, including crypto-currencies or similar concepts where the concept is accepted by persons as a means of payment for goods or services, a unit of account, a store of value or a commodity.”''<ref>[http://www.iomfsa.im/dnfbp/whatisdesignatedbusiness.xml"What is "Designated Business"?"] IOMSFA.</ref><br />
<br />
==History==<br />
CoinCorner launched in July 2014, as the first bitcoin exchange on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref><br />
<br />
In October 2014, CoinCorner became one of very few places in the British Isles to accept direct card payments for [[cryptocurrency]].<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1 April 2015<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man.<br />
<br />
In September 2015, having firmly established its position in the UK, the company announced its expansion into Europe,<ref>[http://blog.coincorner.com/2015/09/coincorner-launches-european-market.html "CoinCorner Launches European Market"], CoinCorner Blog.</ref> enabling users to buy and sell bitcoins in EUR, as well as opening up SEPA deposits.<br />
<br />
==Bitcoin and the Isle of Man==<br />
The Isle of Man has welcomed bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref><ref>[https://www.cryptocoinsnews.com/isle-man-became-bitcoin-island/ "Report: How the Isle of Man became 'Bitcoin Island'"], CryptoCoinNews.</ref><ref>[http://www.telegraph.co.uk/technology/11109256/Creating-a-Bitcoin-Island-just-off-the-English-coast.html "Creating a 'Bitcoin Island' just off the English coast"], The Telegraph.</ref> with Head of e-Commerce for the Isle of Man, Peter Greenhill, telling Business Insider, ''"The aim is to be the most attractive place in the world for cryptocurrency companies to work from."''<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The Isle of Man Government amended the Proceeds of Crime Act 2008, introducing regulations to cover bitcoin companies, including exchanges, operating on the island from 1 April 2015. Bitcoin businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==See Also==<br />
* [[Comparison of fixed rate trading exchanges]]<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com CoinCorner website] <br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Wallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]<br />
[[Category:Shopping_Cart_Interfaces]]<br />
[[Category:Payment Processors]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=61309CoinCorner2016-07-18T09:29:06Z<p>Coincorner: Updates to the information about CoinCorner</p>
<hr />
<div>{{Infobox company<br />
| name = CoinCorner|image=[[File:CoinCorner_Logo.png|256px]]<br />
| logo_caption = <br />
| industry = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]<br />
| foundation = June 2014<br />
| founder = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown<br />
| location = {{{Isle of Man}}}<br />
| location = Douglas, Isle of Man<br />
| website = [https://www.coincorner.com www.coincorner.com]<br />
| twitter=CoinCorner<br />
| facebook=coincornercom<br />
}}<br />
<br />
'''CoinCorner''' is a [[Exchanges|bitcoin exchange]] and [[Browser-based_wallet|wallet provider]], based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. The company was founded in June 2014 by Daniel Scott, Phil Collins, Charlie Woolnough and David Brown as a solution to "wanting to buy bitcoin from the UK and online from somewhere you trust.".<ref>[https://www.coincorner.com/About "About CoinCorner"], CoinCorner.</ref> The company currently operates in 45 countries worldwide.<br />
<br />
==People==<br />
The team are currently based at CoinCorner's office in the Isle of Man.<br />
<br />
Daniel Scott, co-founder and CTO, has a decade of experience in software development and experience working with several large companies such as Microsoft.<br />
<br />
Phil Collins is co-founder and Head of Operations for CoinCorner with over 15 years' experience in running corporate structures across a variety of industries.<br />
<br />
Co-founder Charlie Woolnough has over a decade of experience in investment banking and hedge fund industry having previously worked at a senior level for ABN Amro, HSBC and Credit Suisse. Charlie is Chairman of the Manx Digital Currency Association<ref>[http://www.mdca.im/about-us/executive-committee/"Executive Committee"], MDCA.</ref> and has a noticeable presence in the media<ref>[http://www.bloomberg.com/news/features/2015-09-07/isle-of-man-tax-haven-with-tailless-cats-becomes-bitcoin-hub"Greetings From Bitcoin Island"], Bloomberg.</ref><ref>[http://www.independent.co.uk/news/uk/home-news/bitcoin-how-the-isle-of-man-is-sparking-a-cryptocurrency-revolution-a6794756.html"Bitcoin: How the Isle of Man is leading a Cryptocurrency Revolution"], The Independent.</ref><ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> as well as major conferences and events (Panelist at Eye For Travel Start-up & Innovation in Travel Awards 2016<ref>[http://events.eyefortravel.com/travel-distribution-summit-europe/awards.php#Judges "Judges"], Eye For Travel.</ref> and ISLEXPO 2016<ref>[http://www.islexpo.com/agenda/speakers/122917 "Agenda: Speakers"], ISLEXPO.</ref>). He has also appeared as a guest on the financial news and analysis show, The Keiser Report<ref>[https://www.youtube.com/watch?v=o78jG5BJf18 "Keiser Report: Attitude Adjustment Camps (E651)"], Russia Today, YouTube.</ref> hosted by Max Keiser.<br />
<br />
==Funding==<br />
The company was self-funded by its co-founders for the first 9 months, before receiving an investment sum of £150,000 from angel investor, Alex Holt, co-founder of Costa Bingo and bgo. In November 2015, CoinCorner announced that it was looking to raise its next round of funding via an equity crowdfunding campaign on Seedrs,<ref>[http://blog.coincorner.com/2015/11/leaders-in-bitcoin-and-blockchain.html "Leaders In The Bitcoin and Blockchain Services Industry Launch Crowdfunding Campaign"], CoinCorner Blog.</ref> however the campaign was ended early due to interest from a number of private investors.<br />
<br />
==Regulation==<br />
CoinCorner have worked closely with the Isle of Man Government, helping to establish suitable regulation for bitcoin businesses on the island.<br />
<br />
In May 2016, CoinCorner was one of two bitcoin businesses to be awarded Designated Business status by the Isle of Man Financial Services Authority (IOMFSA)<ref>[http://www.iomfsa.im/dnfbp/designatedbusinesses.xml"Designated Businesses"] IOMSFA.</ref><ref>[https://www.gov.im/lib/docs/iomfsa/dnfbpregister.pdf"Register of Registered Designated Businesses"], Official Isle of Man Government Website.</ref><ref>[http://themerkle.com/isle-of-man-grants-designated-business-status-to-coincorner/"CoinCorner Is Now Officially Licensed"], The Merkle.</ref> following the introduction of The Designated Businesses (Registration and Oversight) Act. The Act came into force in October 2015 after a proposal was put forward to place responsibility on the IOMFSA for the oversight of the adherence of certain businesses and professions to the Island’s anti-money laundering and countering the financing of terrorism legislation.<br />
<br />
With the Isle of Man’s acceptance of bitcoin businesses [[CoinCorner#Bitcoin and the Isle of Man|well documented]], Designated Businesses now also include those in ''“the business of issuing, transmitting, transferring, providing safe custody or storage of, administering, managing, lending, buying, selling, exchanging or otherwise trading or intermediating convertible virtual currencies, including crypto-currencies or similar concepts where the concept is accepted by persons as a means of payment for goods or services, a unit of account, a store of value or a commodity.”''<ref>[http://www.iomfsa.im/dnfbp/whatisdesignatedbusiness.xml"What is "Designated Business"?"] IOMSFA.</ref><br />
<br />
==History==<br />
CoinCorner launched in July 2014, as the first bitcoin exchange on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> Originally, CoinCorner supported [[bitcoin]], [[litecoin]] and dogecoin, however the [[Cryptocurrency|altcoins]] were removed in March 2015 due to lack of customer demand.<br />
<br />
In October 2014, CoinCorner became one of very few places in the British Isles to accept direct card payments for [[cryptocurrency]].<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1 April 2015<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man.<br />
<br />
In September 2015, having firmly established its position in the UK, the company announced its expansion into Europe,<ref>[http://blog.coincorner.com/2015/09/coincorner-launches-european-market.html "CoinCorner Launches European Market"], CoinCorner Blog.</ref> enabling users to buy and sell bitcoins in EUR, as well as opening up SEPA deposits.<br />
<br />
==Bitcoin and the Isle of Man==<br />
The Isle of Man has welcomed bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref><ref>[https://www.cryptocoinsnews.com/isle-man-became-bitcoin-island/ "Report: How the Isle of Man became 'Bitcoin Island'"], CryptoCoinNews.</ref><ref>[http://www.telegraph.co.uk/technology/11109256/Creating-a-Bitcoin-Island-just-off-the-English-coast.html "Creating a 'Bitcoin Island' just off the English coast"], The Telegraph.</ref> with Head of e-Commerce for the Isle of Man, Peter Greenhill, telling Business Insider, ''"The aim is to be the most attractive place in the world for cryptocurrency companies to work from."''<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The Isle of Man Government amended the Proceeds of Crime Act 2008, introducing regulations to cover bitcoin companies, including exchanges, operating on the island from 1 April 2015. Bitcoin businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==See Also==<br />
* [[Comparison of fixed rate trading exchanges]]<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com CoinCorner website] <br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Wallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]<br />
[[Category:Shopping_Cart_Interfaces]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=60785CoinCorner2016-04-14T10:15:32Z<p>Coincorner: Updates to the information about CoinCorner</p>
<hr />
<div>{{Infobox company<br />
| name = CoinCorner|image=[[File:CoinCorner_Logo.png|256px]]<br />
| logo_caption = <br />
| industry = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]<br />
| foundation = June 2014<br />
| founder = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown<br />
| location = {{{Isle of Man}}}<br />
| location = Douglas, Isle of Man<br />
| website = [https://www.coincorner.com www.coincorner.com]<br />
| twitter=CoinCorner<br />
| facebook=coincornercom<br />
}}<br />
<br />
'''CoinCorner''' is a [[Exchanges|bitcoin exchange]] and [[Browser-based_wallet|wallet provider]], based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. Founded in June 2014 by Daniel Scott, Phil Collins, Charlie Woolnough and David Brown, the company currently operates in 45 countries worldwide.<ref>[https://www.coincorner.com/Countries "Countries CoinCorner Supports"], CoinCorner.</ref><br />
<br />
==History==<br />
CoinCorner launched in July 2014, as the first bitcoin exchange on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> Originally, CoinCorner supported [[bitcoin]], [https://en.wikipedia.org/wiki/Litecoin litecoin] and [https://en.wikipedia.org/wiki/Dogecoin dogecoin], however the [[Comparison_of_cryptocurrencies|altcoins]] were removed in March 2015 due to lack of customer demand.<br />
<br />
In October 2014, CoinCorner announced that users could now buy bitcoin instantly with their credit or debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1 April 2015<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man.<br />
<br />
==Funding==<br />
The company was self-funded by its co-founders for the first 9 months, before receiving an investment sum of £150,000 from angel investor, Alex Holt, co-founder of Costa Bingo and bgo. In November 2015, CoinCorner announced that it was looking to raise its next round of funding via an equity crowdfunding campaign on Seedrs,<ref>[http://blog.coincorner.com/2015/11/leaders-in-bitcoin-and-blockchain.html "Press Release: Leaders In The Bitcoin and Blockchain Services Industry Launch Crowdfunding Campaign"], CoinCorner Blog.</ref> however the campaign was ended early due to interest from a number of private investors.<br />
<br />
==Products and Services==<br />
CoinCorner started out as a UK-focused business, allowing users to buy and sell bitcoins in GBP. In September 2015, having firmly established its position in the UK, the company announced its expansion into Europe,<ref>[http://blog.coincorner.com/2015/09/coincorner-launches-european-market.html "Press Release: CoinCorner Launches European Market"], CoinCorner Blog.</ref> enabling users to buy and sell bitcoins in EUR, as well as adding SEPA as a deposit option.<br />
<br />
The CoinCorner Exchange allows users to buy and sell bitcoin in GBP or EUR. Users can fund their account via credit card or debit card, bank transfer or SEPA.<ref>[https://www.coincorner.com/BitcoinExchange "All About CoinCorner Bitcoin Exchange"], CoinCorner.</ref> All users are assigned a wallet for bitcoin storage and transactions. CoinCorner also offers a mobile app (for Android, iOS and Windows Phone) which syncs with the users web wallet.<br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[Cold_storage|cold storage]] as well as offering two-stage authentication to all users.<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Bitcoin and the Isle of Man==<br />
The Isle of Man has welcomed bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling Business Insider, "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The Isle of Man Government amended the Proceeds of Crime Act 2008, introducing regulations to cover bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==See Also==<br />
* [[Comparison of fixed rate trading exchanges]]<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com CoinCorner website] <br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Wallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]<br />
[[Category:Shopping_Cart_Interfaces]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Delete1&diff=60784Delete12016-04-14T10:06:58Z<p>Coincorner: Added CoinCorner</p>
<hr />
<div>{{exchange}}<br />
{| class="wikitable sortable" style="width: 100%; text-align: center; font-size: smaller; "<br />
! style="width: 1;" | Service<br />
! style="width: 1;" | USD?<br />
! style="width: 1;" | EUR?<br />
! style="width: 1;" | GBP?<br />
! style="width: 1;" | AUD?<br />
! style="width: 1;" | Other<br />
! style="width: 1;" | Holds<br/>BTC?<br />
! style="width: 1;" | Holds<br/>fiat?<br />
! style="width: 1;" | Trading fee<br />
! Notes<br />
|-<br />
| [[247exchange]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| CAD, CHF, PLN, RON, ZAR<br />
| {{no}}<br />
| {{no}}<br />
| 1-3%<br />
| Licensed service, 24/7 support. Bank wire, SEPA, Sofort Banking, Local Bank Transfers (UK & Europe), <br />Cash Deposits (Europe), e-wallets (OKPay, etc), altcoins (Litecoin, Peercoin, Namecoin), '''credit and debit cards''' (for both buying & selling),<br /> instant money transfers (400,000 locations worldwide), Interac & eCheck (for Canada)<br />
|-<br />
| [[Anycoin Direct]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{no}}<br />
| {{no}}<br />
| Buy: 0.3% Sell: 1%<br />
| Support: toll free telephone number, live chat, email <br /> Payment methods: SEPA, Giropay, Sofort Banking, iDEAL, Bancontact / Mister Cash, Mybank, Online Bank Transfer<br />
|-<br />
| [[Bit4coin]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
|<br />
|<br />
|<br />
|<br />
| Gift vouchers for euros<br />
|-<br />
| [[Bitcoil]]<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| ILS<br />
|<br />
|<br />
|<br />
| Israeli bank transfers<br />
|-<br />
| [[BTCDirect]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{no}}<br />
| {{no}}<br />
|<br />
| Support: Live-Chat (on website), Skype (btcdirect1), Email (support@btcdirect.eu) and by Phone. <br /> Payment methods: Credit card (Visa, Mastercard, Carte bancaire, Carte blue, eMaestro, Maestro) Sofortbanking / Giropay / Bank transfer / iDEAL / Mybank / Bancontact (Mr.Cash) <br /> Features: <b> Instant account activation and instant bitcoin delivery!</b><br />
|-<br />
| [[Coin Loft]]<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
|<br />
|<br />
|<br />
|<br />
| Australian cash deposit<br />
|-<br />
| getbitcoin.com.au<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
|<br />
|<br />
|<br />
|<br />
| Australian cash deposit<br />
|-<br />
| [[Bitcoins Now]]<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
|<br />
|<br />
|<br />
|<br />
| Australian cash deposit<br />
|-<br />
| [https://bitin.co Bitin.co]<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{no}}<br />
| {{no}}<br />
| 1%<br />
| Visa or MasterCard, PayPal, Skrill (moneybooker), WireTransrer, SEPA (EU Bank), MoneyGram, Paper Chech<br />
|-<br />
| [[Bits of Gold]]<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| ILS<br />
|<br />
|<br />
|<br />
|<br />
|-<br />
| [[BitServiceX]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
|<br />
|<br />
|<br />
| iDEAL, Sofortüberweisung, Giropay, MisterCash<br />
|-<br />
| [[BitSimple.]]<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{no}}<br />
| {{no}}<br />
|<br />
|<br />
|-<br />
| [[Bittylicious]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
|<br />
|<br />
|<br />
| FP, SEPA, PAYM, debit<br />
|-<br />
| [[BitXoin]]<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
|<br />
|<br />
|<br />
|<br />
| Promo code: YES5<br />
|-<!--<br />
| [[Blockchain.info]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| Lots<br />
|<br />
|-<br />
<br />
|<br />
|<br />
|--><br />
| [https://btc2any.org BTC2ANY]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| USD, EURO, RUR, Paypal, and much more<br />
|<br />
|<br />
| 0% <br />
|Bank wire, SEPA, Webmoney, Paypal, Perfect Money, btc-e, qiwi, Russian banks (sberbank, alfa, svyaznoy, etc), and more<br />
|-<br />
| [[Btc2Day]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{yes}}<br />
| <br />
|<br />
|<br />
|<br />
|<br />
|-<br />
| btcx.se<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| SEK<br />
|<br />
|<br />
|<br />
| Local bank transfer<br />
|-<br />
| [[Cashila]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{no}}<br />
| {{yes}}<br />
| 1%<br />
| SEPA, SOFORT<br />
|-<br />
| [[Coinbase (business)|Coinbase]]<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
|<br />
| {{yes}}<br />
| {{yes}}<br />
|<br />
|-<br />
| [[CoinCorner|CoinCorner]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
|<br />
| {{yes}}<br />
| {{yes}}<br />
| 1%<br />
| UK-based bitcoin exchange and wallet provider. All major credit and debit cards accepted (including prepaid cards), bank transfer and SEPA.<br />
|<br />
|-<br />
| [[CoinMama]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
|<br />
|<br />
|<br />
| Credit Card, Cash, EgoPay, Perfect Money, Western Union, MoneyGram <br />
|-<br />
| [http://coinpoly.com/ Coinpoly] <br />
| {{yes|PayPal}}<br />
| {{yes|PayPal}}<br />
| {{yes|PayPal}}<br />
| {{yes|PayPal}}<br />
| Whatever PayPal does<br />
|<br />
|<br />
|<br />
| PayPal <br />
|-<br />
| [[Cryptopay]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
|<br />
|<br />
|<br />
| SEPA, FP, Sofort<br />
|-<br />
| [[Cubits|Cubits]]<br />
| {{no}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| 17 currencies<br />
| <br />
|<br />
|<br />
|SEPA, SWIFT, SOFORT, OKPAY<br />
|-<br />
| [[e-scrooge.is|E-Scrooge]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
|<br />
| {{no}}<br />
| {{no}}<br />
| Varies<br />
| Online support 24/7.<br />We work with e-currencies <b>Bitcoin, BTC-e, Perfect Money, WebMoney</b>.<br />Our most popular funding options are <b>Western Union, MoneyGram, RIA and Contact</b>.<br />We have long term experience, ultimate ratings on the Internet,<br />highly respectable reputation proven by thousands of satisfied customers.<br />
|-<br />
| [[Gatecoin|Gatecoin]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| HKD<br />
| {{yes}}<br />
| {{yes}}<br />
| Varies<br />
| "Instant Exchange" option available on the website, in addtion to real time trading. Regulated in Hong Kong. Bank wire, SEPA, <br />Local Bank Transfers (Single Euro Payment Area, HK)<br />
|-<br />
| [[Igot.com|Igot]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| Lots<br />
|<br />
|<br />
|<br />
|<br />
|-<br />
| [[Lilion Transfer]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| Lots<br />
|<br />
|<br />
|<br />
|<br />
|-<br />
| [[Nanaimo Gold]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| CAD<br />
|<br />
|<br />
|<br />
|<br />
|-<br />
| [[Wall of Coins]]<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
| {{no}}<br />
| <br />
| {{yes}}<br />
| {{no}}<br />
| 0-4%<br />
| Fastest exchange on the planet: get bitcoin in less than 15 minutes, <br />First exchange to be 100% transparent, 100% cold storage Peer-to-peer trading, <br />First (and only) exchange to deliver customer telephone support w/ a toll-free number.<br />
|-<br />
| [[Quickbitcoin]]<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| EUR & USD accepted for OTC sales<br />
| {{yes}}<br />
| {{yes}}<br />
| <br />
| London-based brokerage accepting UK Bank Transfers and cash deposits<br />
|-<br />
| [[CryptoMate]]<br />
| {{no}}<br />
| {{no}}<br />
| {{yes}}<br />
| {{no}}<br />
| <br />
| {{no}}<br />
| {{no}}<br />
| Varies<br />
| UK-based broker that sells bitcoin and popular altcoins, accepting UK Bank Transfers. Users receive their coins within an hour after they made their payment<br />
<br />
<br />
|-<br />
| [[SpectroCoin]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| CHF, PLN, RON<br />
| {{yes}}<br />
| {{yes}}<br />
| Varies<br />
| Bitcoin exchange, Bitcoin merchant solution, Bitcoin debit cards. Accept bank wire transfers, OKPAY, PerfectMoney, credit and debit cards, cash at multiple locations, mobile top-ups.<br />
|-<br />
| [[CointoCard]]<br />
| {{yes}}<br />
| {{yes}}<br />
| {{no}}<br />
| {{no}}<br />
|<br />
| {{no}}<br />
| {{no}}<br />
| Varies<br />
| it doesn't require any registration or personal info<br/>Exchanger that allows Bitcoins to be sent to any debit/credit card in the World<br/>funds arrive in about 72 hours<br />
<br />
|-|}<br />
{{exchanges}}<br />
<!--<br />
* [https://wallofcoins.com/en/# Wall of Coins], A peer-to-peer market for buying and selling decentralized digital currencies that is intelligent, trustworthy, and secure.<br />
* [[File:BXlogoSM.jpeg|24px|link=http://bitXoin.com]] [http://bitXoin.com bitXoin] ([[bitXoin|info]]) Buy bitcoin via online ordering and bank deposit, cash over the counter at most banks throughout Australia. Fast processing, low reference rate, low commissions.<br />
* [https://bitcoinnordic.com Bitcoin Nordic] ([[Bitcoin Nordic|info]]), Pay using EUR and DKK bank transfer, by mail using cash or check (EUR, USD, GBP or DKK), or with cashU prepaid cards available across the Middle East and North Africa.<br />
* [https://btc2day.cz Btc2Day] ([[Btc2Day|info]]), Buy and sell bitcoin at live rates with local deposits in Australia, Europe or bank transfers. <br />
* [http://siriusmoney.com Sirius Money], Buy and sell bitcoins with European bank transfers or cash. Paper wallets with unique design are also sold. Large purchases possible.<br />
* [http://coinbase.com Coinbase] ([[Coinbase|info]]), Buy and sell bitcoins (U.S.) with a linked bank account. Instant verification available with new accounts.<br />
* [https://quickbitcoin.co.uk/ Quickbitcoin.co.uk]([[Quickbitcoin]]), Buy bitcoins with a UK bank transfer.<br />
* [http://lakebtc.com LakeBTC] ([[LakeBTC|info]]), Buy and sell bitcoins for CNY and USD with bank transfers.<br />
* [http://Spectrocoin.com SpectroCoin] ([[SpectroCoin|info]]), Buy and sell bitcoins in Europe with local bank transfers.<br />
* [[OKPay]] accepts bitcoins as a deposit method ([https://www.okpay.com/en/company/news/okpay-bitcoin.html source])<br />
* [http://btcchina.com BTC China] ([[BTC China|info]]), Add funds using ???. Withdraw CNY (Tencent and Alipay)).<br />
* [http://www.ecurrencyzone.com/sell.php ECurrencyZone] ([[ECurrencyZone|info]]), Buy and sell bitcoins in India (INR), Bangladesh (BDT), Nepal (NPR), Malaysia (MYR), and Singapore (SGD). Purchase with cash deposit at a bank.<br />
* [http://www.canadianbitcoins.com Canadian Bitcoins] ([[Canadian Bitcoins|info]]), Buy/Sell Bitcoins with Canadian Funds ($CAD). Cash deposit methods. Cash out to cash in-the-mail, cheque, bank transfer (TD Personal Pay), and Interac.<br />
* [https://www.therocktrading.com/rock/currency_exchange The Rock Currency Exchange], Buy or sell Bitcoins with Lindens Dollars, USD and EUR. ATM for BTC and Lindens available.<br />
* [https://dgtmkt.com dgtmkt] Digital market in Malaysia. Buy Bitcoin instantly with MYR (Malaysian Ringgit).<br />
* [http://www.bitcoinmalaysia.com/ BitcoinMalaysia] Bitcoin Consultancy and Trading Site. Buy Bitcoin with MYR (Malaysian Ringgit). Maybank, GIRO, MEPS.<br />
* [http://www.bitcoin-otc.com/ #bitcoin-otc] ([[Bitcoin-otc|info]]), reputation based peer exchange.<br />
* [https://cubits.com/ #cubits] ([[Cubits|info]]), European Bitcoin platform.<br />
* [https://www.bitcoinary.com/ Bitcoinary], another reputation based peer exchange. ([http://www.thebitcointrader.com/2012/06/bitcoinary-launches-feature-rich-peer.html source]) <br />
* [http://centraw.com/ Centraw] -- global wide socially driven Bitcoin withdraw/funding/exchange point. Service provided peer to peer with escrow (no reputation needed). No exchange fee except that particular peer may (or may not) charge.<br />
* [http://bitcoin.in.th/ Bitcoin.in.th] buy or sell Bitcoins in Thailand with cash (Thai Baht, THB) via local bank deposits or transfers.<br />
* [http://bahtcoin.com/ Bahtcoin] ([[Bahtcoin|info]]), buy or sell Bitcoins in Thailand with cash (Thai Baht, THB), as well sell financial means online (Thai mobile phone top ups, gaming/VoIP cards, etc.)<br />
* [http://btc2usd4u.yolasite.com/ btc2usd], Buys BTC for USD through various methods (at avg bid price). NON-INSTANTANEOUS, usually takes 12 hrs to confirm and finalize. Also sells BTC if you request it (at avg ask price).<br />
* [https://www.cointouch.com/ CoinTouch] finds friends of friends that trade crypto currency. Direct, P2P trading, fee-free. Google+ and/or Facebook<br />
* [https://coinrepublic.com/buy-sell-bitcoins-singapore/ Coin Republic] buy or sell Bitcoins in Singapore (SGD) via local bank deposits- iBanking. Instant buying available.<br />
* [http://londonbitcoinexchange.wordpress.com/ London Bitcoin Exchange], Buy/Sell BTC with cash in London. Accepts cash, Moneybookers, Pokerstars USD, Liqpay, Alertpay, Perfect Money and more.<br />
* [http://schweinehaus.de/2011/01/08/die-bitcoin-p2p-krypto-wahrung/ Schweinehaus.de], exchange between [[Rheingold]] and bitcoin<br />
* [https://bitpiggy.herokuapp.com/ BitPiggy] ([[BitPiggy|info]]), Simple Australian dollar <-> bitcoin currency exchange.<br />
* [https://bitcointalk.org/index.php?topic=88320.0 Mang Sweeney] ([[Mang Sweeney|info]]), Send PHP remittance using bitcoins to Philippines. Local in-person trade or cash-out deposited to your bank or recipient's bank in Philippines, or withdrawn from various remittance centers.<br />
* [http://bitcoin.hu/ bitcoin.hu] buy or sell bitcoins with others in Hungary using cash (Hungarian Forint, HUF)<br />
* [http://BitcoinsInBerlin.com BitcoinsInBerlin.com] ([[Bitcoins In Berlin|info]]), buy and sell bitcoins for cash (EUR) in-the-mail, cash in-person trade (Berlin), Western Union, Moneygram (cash-out), and SEPA bank transfer.<br />
* [http://www.mercaBit.eu mercaBit.eu] ([[Mercabit.eu|info]]), buy bitcoins using (EUR) Ukash, Neosurf and HalCash (Hal-Cash).<br />
* [http://tl.gd/igqt0i Intrade Tx], Intrade Bitcoin Transaction eXchange offers Bitcoin to [http://intrade.com Intrade](USD) deposits for predictions market betting. <br />
* [http://valutapay.com ValutaPay Corporation], flexible payment solutions for online store checkout and donations based on Bitcoin digital currency with Exchange Bitcoin->USD/EUR. Free online Bitcoin wallet for registered members. Withdraw/Payout via credit card (Visa/Mastercard) deposit, bank transfer or Bitcoin transaction.<br />
* [http://liliontransfer.org/ Lilion Transfer] Buy/Sell (Accepts BTC), 15 world currencies, 12 payment processors, the biggest exchanger in Central Europe<br />
* [http://bitcoinplus.mx/ Bitcoin Plus Mexico] ([[BitcoinPlus.mx|info]]), buy and sell bitcoins for cash in Mexican Pesos (MXN)<br />
* [http://www.bitaurum.eu BitAurum.eu] Gold Merchant also selling bitcoins for Euro SEPA Bank transfers or cash (located in Bayreuth, northern Bavaria, Germany).<br />
* [http://www.ArtaBit.com artaBit] ([[ArtaBit|info]]), Buy and sell bitcoins using Indonesian Rupiah (IDR).<br />
* [https://www.itbit.com itBit] ([[itbit.com|info]]), Sophisticated bitcoin trading platform built on today's trading technology standards. Buy and sell Bitcoins in USD/EUR/SGD.<br />
* [[File:IgotLogo.png|20px|link=https://www.igot.com/]] [https://www.igot.com/ Igot] ([[Igot.com|info]]), a Bitcoin exchange with eWallet functions that allows you to securely buy, sell, send, and receive Bitcoin. It operates a BTC/USD market with support for various currencies for deposit and withdrawal, like USD, AUD, GBP, EUR, INR, SGD, NZD, AED<br />
* [https://www.asmoney.com asmoney] ([[asmoney|info]]), A payment processor based on cryptographic currencies, Provide merchants and masspayment for Bitcoin<br />
* [https://www.247exchange.com/ 247exchange], international bitcoin exchanger (buy, sell, exchange BTC) offering licensed service and 24/7 support. Bank wire (SWIFT) transfer, SEPA transfer, Sofort Banking, local payments are available.<br />
* [https://www.cointocard.co/ CointoCard], Send Bitcoin to any debit/credit card in the World, top up your VISA/Mastercard with Bitcoin.<br />
{{Exchanges}}</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Talk:Buying_Bitcoins_(the_newbie_version)&diff=60716Talk:Buying Bitcoins (the newbie version)2016-04-05T15:35:23Z<p>Coincorner: /* CoinCorner */ new section</p>
<hr />
<div>== [[File:BC_Logo_.png|30px|link=https://en.bitcoin.it/w/images/en/2/29/BC_Logo_.png]] National Bitcoin ATM ==<br />
<br />
''Hey Mods, can you add the following to the 'Cash' section?... We have Bitcoin ATMs across Southern California and Las Vegas and we are expanding. I was thinking it might be a good idea to have a Bitcoin ATM section in here in addition to the 'cash' section. Bitcoin ATMs are n00b proof :P''<br />
<br />
[[File:BC_Logo_.png|20px|link=https://en.bitcoin.it/w/images/en/2/29/BC_Logo_.png]] [http://nationalbitcoinatm.com National Bitcoin ATMs] allow you to buy Bitcoin with cash, instantly.<br />
<br />
National Bitcoin ATM has Bitcoin ATMs located in the Los Angeles, Orange County, and Las Vegas regions. Our machines allow you to physically buy Bitcoin with cash, instantly! We also have machines that allow you to sell your Bitcoin for cash. Be sure to check out our locations on our [http://nationalbitcoinatm.com website] as we are constantly expanding.<br />
<br />
== Paxful ==<br />
<br />
* [[File:Payful.png|20px|link=http://payful.io]] [https://paxful.com Paxful is a Peer to Peer Bitcoin Marketplace] that lets you buy and sell bitcoin from other people directly.<br />
<br />
[https://paxful.com/buy-bitcoin/paypal Buy Bitcoin with Paypal<br />
<br />
[https://paxful.com/buy-bitcoin/western-union Buy Bitcoin with Western Union<br />
<br />
Most of our sellers are in the USA but our list of proven sellers offers bitcoin for sale in all currencies and countries. <br />
You can currently buy bitcoin with PayPal, SEPA, Bank of America Cash Deposit, TD Bank Cash Deposit, PayPal My Cash, Amazon Gift Cards, Starbucks Gifts cards and much more.<br />
We have been featured on Fox Business News, Coindesk, Bitcoin Magazine,Cointelegraph ( as easybitz, we rebranded in Jan 2015)<br />
<br />
<br />
== Cubits == <br />
<br />
Hi. Can you please add Cubits to the list of Bitcoin platforms. Cubits is an European Bitcoin marketplace, and provides support for 17 currencies. It allows for SOFORT, SWIFT, SEPA and OBT transfers.<br />
[https://cubits.com/ Cubits]<br />
<br />
== BittyBot ==<br />
<br />
Hi Taras, please could you update the BittyBot entry with our new domain name, we also compare bitcoin prices in Europe as well as the UK now.<br />
<br />
[http://bittybot.co/ BittyBot] - allows users to compare different bitcoin sellers and prices in the UK and Europe.<br />
<br />
== 247exchange ==<br />
<br />
Could you please add our exchange service 247exchange.com to the list?<br />
We're fixed-rate exchange. Our service is easy-to-use, even for newbies, having 24/7 support and detailed knowledgebase. No need to create additional payment accounts or wallets with our service.<br />
We accept credit & debit cards (prepaid ones are also supported), SEPA, bank wire transfer. In Australia we also accept local bank transfer & cash deposit. Verification is required. The service isn't available in USA yet.<br />
<br />
== Anycoin Direct ==<br />
Hi there!<br />
<br />
Could our company (https://anycoindirect.eu) be added? <br /><br />
<br />
We buy and sell bitcoins instantly in Europe, offering many European payment methods: <br /><br />
*iDEAL (NL) <br />
*Giropay (DE)<br />
*Sofort Banking (DE)<br />
*Bancontact / Mister Cash (BE)<br />
*MyBank (LU & IT)<br />
*SEPA (EU)<br />
*Online Bank Transfer (EU)<br />
<br />
We focus on new bitcoiners, offering support through:<br />
*Live chat <br />
*Toll free telephone number<br />
*Email <br />
<br />
We instantly send the bitcoins after a successful payment, so we don't hold customer funds. {{unsigned|Lvlemmings|15:25, 24 November 2014 (UTC)}}<br />
:Could you paraphrase your service? :) [[User:Taras|Taras]] ([[User talk:Taras|talk]]) 17:41, 26 November 2014 (UTC)<br />
<br />
== BTC Guys LLC ==<br />
Please delete my site. I am no longer selling Bitcoin.<br />
<br />
www.btcguys.us<br />
October 28th, 2014.<br />
<br />
{{unsigned|Mansoor5|02:04, 29 October 2014 (UTC)}}<br />
<br />
:Unlisted --[[User:Taras|Taras]] ([[User talk:Taras|talk]]) 22:12, 29 October 2014 (UTC)<br />
<br />
== Independent Reserve ==<br />
<br />
Hello again!<br />
<br />
Like the chaps at Brawker, I think you may not have seen my message further down the page, so I hope you don't mind me moving it here as I see it has worked for Brawker. :)<br />
<br />
Our company, [https://www.independentreserve.com Independent Reserve], is an Australian based Bitcoin exchange trading XBT/USD. We allow international customers to transfer funds via SWIFT transfer into our USD trust account, and Australian customers can use BPAY. Would appreciate a reference on the page if that's possible. {{unsigned|Atepper|12:00, 28 October 2014 (UTC)}}<br />
:What category do you think this should be placed in? :) [[User:Taras|Taras]] ([[User talk:Taras|talk]]) 22:25, 28 October 2014 (UTC)<br />
<br />
== [[File: 6273907.png|30px|link=https://www.brawker.com]] Brawker == <br />
<br />
<br />
Hello again! <br />
<br />
I've tried to add Brawker before but I don't think you guys read my message further down. :(<br />
<br />
Brawker is a very easy and different way of buying bitcoins. People can buy bitcoins using Paypal or credit card on [https://www.brawker.com Brawker]. With Brawker bitcoin buyers buy items at online merchants for people interested in paying with bitcoins. When they receive the items the bitcoin buyers receive the bitcoins that were held in escrow during each transaction.<br />
<br />
Thank you!<br />
<br />
[[User:Ibai|Ibai]]<br />
:I have added it to the Credit Card section. :) [[User:Taras|Taras]] ([[User talk:Taras|talk]]) 01:50, 3 October 2014 (UTC)<br />
<br />
<br />
<br />
<br />
== [[File:BTCGuys.png|40px|link=http://www.btcguys.us]] BTC Guys LLC ==<br />
<br />
Hi there, I would like to add my site: www.btcguys.us to the list.<br />
We are based in NY and currently accept domestic and international wire transfers as well as cash in mail and bank deposits. For complete details, visit http://www.btcguys.us/bitcoin-order.html Competitive rate compare to other players (only 5-8% markup)and no registration required!<br />
Thank you for your help - August 25th, 2014<br />
Edited 8/28/2014 {{Unsigned|Mansoor5}}<br />
:Feel free to add your service :) [[User:Taras|Taras]] ([[User talk:Taras|talk]]) 23:57, 28 August 2014 (UTC)<br />
<br />
Dear Taras, I am unable to edit the page. Would you kindly assist?<br />
<br />
Thanks for your help,<br />
Mansoor - September 1st, 2014<br />
-----------------------------<br />
<br />
== [[File:20px-expresscoin.png|20px|link=https://www.expresscoin.com]] expresscoin == <br />
<br />
Our site is [https://www.expresscoin.com expresscoin.com]. We want to add a payment method by USPS Money Order, Personal checks, and be added to the other payment methods. Can we get granted edit rights for this? Happy to help manage and update for others as well. [[User:Expresscoin|expresscoin]] ([[User talk:Expresscoin|talk]]) 00:19, 29 July 2014 (UTC)<br />
<br />
-----------------------------<br />
Hi! <br />
<br />
Could I add Brawker to this version? This is a very easy and different way of buying bitcoins. <br />
<br />
You can buy bitcoins using Paypal on Brawker.com. With Brawker you buy something at an online merchant for someone who is interested in paying with bitcoins. When the person receives the item, you receive the bitcoins that were held in escrow during the transaction. You can also pay for the item with a credit card.<br />
<br />
Thank you!<br />
<br />
[[User:Ibai|Ibai]]<br />
<br />
<br />
-----------------------------<br />
<br />
To other guy: You can have international section. {{unsigned|ChampBroc2}}<br />
<br />
I'd like to add a section for Canadian Interac Online. Could I have edit rights? {{unsigned|Gradoj}}<br />
<br />
== CoinTouch ==<br />
<br />
I run [https://www.cointouch.com/ CoinTouch] (finds friends of friends that trade crypto currency). The site allows decentralised trading with trusted social network connections. I would like to update this page (and [[Getting_started]]) in order to include CoinTouch. Please could an admin do this, or grant me permission to do so. Thanks --[[User:ChrisBeach|ChrisBeach]] ([[User talk:ChrisBeach|talk]]) 12:35, 9 July 2014 (UTC)<br />
<br />
<br />
<br />
== Cryptopay ==<br />
<br />
Dear moderators. We are Cryptopay, a UK based exchange, wallet and payment processing company. We offer EU and UK clients an easy way to buy and sell bitcoin using their bank account (SEPA transfers and Faster payments). Can you add us?<br />
<br />
Cheers,<br />
<br />
[[User: Cryptopay|Cryptopay]]<br />
<br />
Hi, suggest to add https://coins.ph. This site has the fastest way to buy and sell bitcoin in the philippines and Thailand they also have online wallet.<br />
<br />
== Please add Bitcoin Magnet to the list ==<br />
<br />
Dear Mods, <br />
Please can you submit the following entry to this page:<br />
<br />
BANK TRANSFER > UK ONLY > BitcoinMagnet.co.uk<br />
<br />
"allows customers to buy & sell Bitcoin automatically using their UK bank account. All you need to provide is an email address and either your bitcoin wallet address (if buying) or your bank account details (if selling). For buying, they give you a unique reference code to include with your bank transfer. All future transfers that include this code will be automatically converted to Bitcoin and sent to you. You can therefore set up a regular standing order if desired. For selling, they give you a unique Bitcoin deposit address to send coins to. All future payments to this address will be automatically converted to GBP and sent to your UK bank account. They use the latest Bitstamp market price and aim to complete orders within 10 minutes. The fee is currently 5%."<br />
<br />
Many thanks,<br />
John<br />
@ http://www.bitcoinmagnet.co.uk<br />
<br />
{{unsigned|Bitcoin Magnet|16:09, 17 November 2014 (UTC)}}<br />
:Hello John, I have added your service to the list. :) --[[User:Taras|Taras]] ([[User talk:Taras|talk]]) 21:56, 17 November 2014 (UTC)<br />
<br />
Thank you - very speedy response :) cheers!<br />
<br />
<br />
== CoinMate.io == <br />
<br />
Hi. Can you add CoinMate.io, BTC/EUR exchange. they accept SEPA deposits/withdrawals in Euro, and instant Sofort deposits, local bank transfers for Polish Zloty and Czech Koruna. They also work with OKPay and Moneypolo for cash deposits. [https://coinmate.io/ CoinMate.io]<br />
<br />
== CoinCorner ==<br />
<br />
Hi mods, would you kindly add CoinCorner to the credit card section and bank transfers (UK Only!!) section?<br />
<br />
CoinCorner is a UK based bitcoin exchange and wallet, allowing you to buy bitcoin instantly with your credit/debit card (prepaid cards are also supported). SEPA and bank transfers are also accepted. <br />
<br />
Thanks, Molly @ [https://www.coincorner.com CoinCorner]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=58817CoinCorner2015-09-16T15:15:02Z<p>Coincorner: Updates regarding launch of European market</p>
<hr />
<div>{{Infobox company<br />
| name = CoinCorner Ltd.|image=[[File:CoinCorner_Logo.png|256px]]<br />
| logo_caption = <br />
| industry = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]<br />
| foundation = June 2014<br />
| founder = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown<br />
| location = {{{Isle of Man}}}<br />
| location = Douglas, Isle of Man<br />
| website = [https://www.coincorner.com www.coincorner.com]<br />
}}<br />
<br />
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man].<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Overview==<br />
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> Users can purchase bitcoins a number of ways, including via bank transfer, credit card and SEPA.<ref>[https://www.coincorner.com/BitcoinExchange "All About CoinCorner Bitcoin Exchange"], CoinCorner.</ref><br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Products and Services==<br />
*GBP/BTC and EUR/BTC Exchange<br />
*[[Browser-based wallet|eWallet]]<br />
*Mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone])<br />
*[[Bitcoin Affiliate Programs|Affiliate Program]] <br />
* Website available in other languages, including [http://www.coincorner.com/de German] (more to follow).<br />
<br />
==Transactions==<br />
*Buy/sell bitcoins<br />
*Send/receive bitcoins<br />
<br />
==Fees==<br />
*There are no fees for depositing, withdrawing or storing bitcoins.<br />
*There is a 1% fee for buying and selling bitcoins.<br />
<br />
The complete list of fees are available on the [https://www.coincorner.com/Fees website].<br />
<br />
==Merchant Tools==<br />
*Payment gateway<br />
*Payment buttons<br />
*Payouts<br />
*Point of Sale solution<br />
<br />
==History==<br />
The development of the platform began in May 2014.<br />
<br />
CoinCorner was founded on 18 June 2014.<br />
<br />
In July 2014, the exchange went live for trading.<br />
<br />
CoinCorner launched Phase 2 in September 2014, which included:<br />
* Public/Private APIs<br />
* Mobile Cloud Wallets for iOS and Android.<br />
* Point of Sale App and Terminal <br />
* Merchant Gateway for Ecommerce<br />
* Company Billing<br />
<br />
In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district. The Company received an undisclosed amount of funding from a private investor.<br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man.<br />
<br />
On 16th September 2015, CoinCorner announced the launch of its European market<ref>[http://blog.coincorner.com/2015/09/coincorner-launches-european-market.html/ "CoinCorner Launches European Market"], CoinCorner Blog.</ref>. This included EUR/BTC trading, SEPA added to the list of payment options and a German version of the site. <br />
<br />
==Bitcoin and the Isle of Man==<br />
<br />
The Isle of Man has welcomed Bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling [https://en.wikipedia.org/wiki/Business_Insider Business Insider], "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==See Also==<br />
* [[Buying bitcoins]]<br />
* [[Selling bitcoins]]<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com CoinCorner website] <br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]<br />
[[Category:Shopping_Cart_Interfaces]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=How_to_accept_Bitcoin,_for_small_businesses&diff=58482How to accept Bitcoin, for small businesses2015-08-24T15:35:05Z<p>Coincorner: Added CoinCorner logo</p>
<hr />
<div>{{merge|Merchant Howto}}<br />
<br />
This guide is intended for small business owners who wish to help promote Bitcoin by accepting it as payment for goods and services. It's written with the assumption that you operate a regular business that sells goods or services for regular national currency such as dollars, and that you wish to accept Bitcoin as another legal way to pay, and that you intend to pay taxes on your Bitcoin income just like any other income.<br />
<br />
With Bitcoin being touted as a way to conduct anonymous transactions and as way to compete with government currency, many small business owners wonder what's the right way to accept and account Bitcoin, or if it's legal or ethical, or whether and how they should pay taxes on income received through Bitcoin.<br />
<br />
As far as we know, Bitcoin isn't yet formally recognized by governments and authorities as a "currency". But in practice, Bitcoin is likely no different than accepting payment in other forms, such as cash, or gold, or scrip, or gift cards or foreign currency. We think that it is pretty much the same as the local businesses of Great Barrington, Massachusetts choosing to accept their locally-printed [http://www.reuters.com/article/2007/06/19/us-usa-economy-berkshares-idUSN0530157720070619 "Berkshire Bucks"] to support their local economy.<br />
<br />
====Starting to accept Bitcoin for transactions====<br />
Accepting Bitcoin at a small business is best started in whichever manner keeps the accounting simple for you. This will vary by the type of business you are operating.<br />
<br />
===Start with a sign===<br />
[[{{ns:file}}:WeAcceptBitcoin.png]]<br />
<br />
If you expect that the number of people interested in using Bitcoin is small, you might simply start by posting a sign or a note: "We Accept Bitcoin", and ask people to contact you directly in order to make a payment. Even if hardly anybody uses Bitcoin as a payment method, you're helping Bitcoin in two ways: one, by increasing awareness, and two, by making your customers more willing to accept Bitcoin as payment from others in the future, because now they know somewhere they can spend it.<br />
<br />
===Utilize a merchant solution===<br />
If you sell things on your website (goods or services), you'll want to use a [[#Merchant Services|Bitcoin merchant solution]] to accept the Bitcoins (you can usually opt to have them converted to USD or other currencies automatically with some services). <br />
<br />
If you sell things in a brick and mortar shop, customers can pay using hardware terminals, touch screen apps or simple wallet addresses through QR Codes.<br />
<br />
[[File:Easybitz bitcoin pointofsale.png|400 px|alt=Accept Bitcoin without internet|EasyBitz ZeroClick System|link=https://easybitz.com/merchant]][[File:Coinktie Bitcoin Payment Buttons.png|alt=Coinkite Bitcoin Payment Buttons|link=https://coinkite.com/merchants]]<br />
<br />
[[File:Bitcoin-pos-terminal.png|200 px|alt=Bitcoin POS Terminal|Coinkite terminal]] [[File:Mobile_Web_App_Bitcoin_Register.jpeg|100 px|alt=Bitcoin POS Terminal|CoinBox terminal]]<br />
<br />
[[File:Mobile_Checkout_Phone.png|200 px|alt=Bitcoin Mobile Checkout|Coinify Mobile Checkout|link=https://coinify.com]]<br />
<br />
===Smart Phone or Tablet===<br />
You can use a wallet address with any wallet. For that it's best if you can place a QR code near your cash register to which the customers can scan with their phone and pay (use http://ma.eatgold.com/accept to make a QR code sign). For a more convenient solution you can use a dedicated app or webapp that generates a QR code on the fly including the amount.<br />
<br />
==== Examples ====<br />
Solutions for smart phones and tablets:<br />
* [https://bitcoin.co.th/merchants/ bitcoin.co.th] mobile Bitcoin Point of Sale for Thailand<br />
* [[File:favicon_bp.png|20px|link=https://bitcoinpay.com/static/img/]] [https://bitcoinpay.com BitcoinPay], Mobile payment terminal with EUR, USD, PLN and CZK settlements.<br />
* [[File:BitKassa_favicon.png|20px|link=https://www.BitKassa.nl]] [https://www.BitKassa.nl BitKassa] accept Bitcoin on mobile phone, tablet, computer; converts to Euro/Bitcoin (any percentage)<br />
* [https://bitpay.com/bitcoin-for-retail BitPay] Mobile Checkout<br />
* [https://bitpos.me/demo.html BitPOS] Merchant POS solution for Australia<br />
* [https://play.google.com/store/apps/details?id=info.blockchain.merchant Blockchain] Merchant for Android<br />
* [http://www.btcxpos.com/ BTCX] POS for Sweden<br />
* [[File:CoinCorner_blue_logo.png|20px|link=https://coincorner.com]] [https://www.coincorner.com/ForBusiness CoinCorner] - Point of Sale solution available that allows physical retailers to easily accept bitcoin and automatically convert that to fiat, removing the risk of holding bitcoins.<br />
* [https://coinify.com Coinify] Bitcoin Point Of Sale<br />
* [[File:Coinkite.gif|20px|link=https://coinkite.com]] [https://coinkite.com/faq/pay Coinkite] Web Pay/Buy/Donate buttons with exchange rate and timers. Customizable via API and works over Tor.<br />
* [[File:Coin_Of_Sale_logo.png|20px|link=https://coinofsale.com]] [https://coinofsale.com Coin Of Sale] - device-independent Bitcoin POS payment system<br />
* [https://coinbase.com/docs/merchant_tools/point_of_sale Coinbase] Point Of Sale for Android<br />
* [[File:BitcoinRegister.gif|20px|link=http://coinbox.it/merchant]][http://coinbox.it/merchant CoinBox] Bitcoin point of sale for Android<br />
* [http://acceptbitcoin.coinpip.com CoinPip] - Bitcoin Payment Processor for Asia / Global Payment and Payouts for Businesses<br />
* [https://cryptopay.me/products/ Cryptopay] HTML5-based bitcoin POS<br />
* [[File:Paxful_how-to-buy-bitcoin.png |20px|link=https://paxful.com]] [https://paxful.com Paxful] Simplest Point of Sale, No Fees and a peer to peer market to buy bitcoin instantly<br />
* [[File:Payful.png|20px|link=http://payful.io]] [http://payful.io Payful] Accept bitcoin - point of sale, shopping cart plugins and API. Supports USA, Europe and Canada.<br />
* [https://pocketpos.ca/ PocketPOS] Bitcoin Point of Sale for Canadians, with exchange integration<br />
* [https://gourl.io/ GoUrl] Bitcoin Mobile Checkout<br />
<br />
===Point-of-Sale hardware terminal===<br />
With custom hardware you can integrate with existing registers and point-of-sales solutions (examples: [[File:Coinkite.gif|20px|link=https://coinkite.com/promo/wikibiz]] [https://coinkite.com/promo/wikibiz Coinkite], [https://xbterminal.com/ XBTerminal], [http://www.bitstraat.nl BitStraat]).<br />
<br />
===Accounting===<br />
When a customer makes a payment, you might simply issue a credit to their account. Ideally, you want to enter it in a way that suggests you received a payment. You could consider entering it as a "discount", but you may want to consider whether this inappropriately disguises the nature of the transaction. If on the other hand, you're giving "discounts" for Bitcoins, but then you are selling the Bitcoins for currency and then counting that as income, then chances are good that your calculation of income is making up for it. Ask your accountant.<br />
<br />
===Businesses that offer gift cards===<br />
If your business sells gift cards or gift certificates, you may find that the easiest way to accept Bitcoin is to accept it only for the purchase of gift cards, and then require the gift cards to be used for actual purchases of goods or services. This way, the accounting practices you already have in place for processing gift cards can be put to use. The accounting for Bitcoins would then be minimized to tracking sales of a single SKU.<br />
<br />
This method is also ideal for retail food establishments and convenience stores, where the payment of Bitcoins through a mobile phone for a small daily food purchase might be cumbersome or disruptive, especially in front of a line of other customers. Bitcoins in this case would be best used to reload prepaid cards that can then be swiped at point-of-sale.<br />
<br />
If you don't accept gift cards, but you already accept credit cards through a swipe terminal, consider the possibility that you could add a retail gift card system through the swipe terminal you already own. Many point-of-sale terminals, including ones from VeriFone&reg;, are designed around the ability to support multiple applications on the same terminal. Gift cards are also highly profitable because of "breakage", or in other words, the fact that a significant percentage of them never get redeemed.<br />
<br />
You could consider adding a private label gift card program from a provider who specializes in this, not just as a jumpstart to accepting Bitcoins, but as an extra boost to income. A private label gift card service provider necessarily have to handle your funds - they can simply provide a solution that keeps track of the balance on the cards on your behalf, including features that allow users to check their balances by phone or by web. Such a solution, of course, is also what makes the cards swipeable through the card reader.<br />
<br />
===Businesses that mail invoices===<br />
Does your business send out invoices to customers? Adding one line may make a huge impact for the Bitcoin economy. Perhaps you list it as a payment option just after Visa, MasterCard, and American Express, even if that means your customer must call or e-mail to make a payment.<br />
<br />
If you have access to the programming expertise such that you can generate Bitcoin addresses programmatically, consider generating a brand new Bitcoin address for each invoice, and print it on the invoice. When a Bitcoin payment arrives, you'll automatically know where it should arrive.<br />
<br />
Customers might wonder how much BTC they should pay in order to satisfy an invoice in full. Your invoice might suggest an amount. For example, if your invoice is for $100 and BTC's are currently worth $1.24 each, your invoice might suggest that it can be paid in full ''"with a payment of 80.65 BTC if paid by (date)"''.<br />
<br />
You might be able to anticipate the possibility that even though a Bitcoin address can be printed on an invoice or payment stub, that they are very cumbersome for most people to type, especially being a mix of uppercase and lowercase letters. However, you should probably still do it anyway. The customer is probably going to want some paper trail for his payment. Giving him a pre-printed payment stub with a pre-printed address will satisfy that, because the customer can independently and publicly prove through [[Block Explorer]] that the payment took place.<br />
<br />
Does your business have a website? On your invoice, consider allowing them to go to a special URL to get the address to make a Bitcoin payment just by typing in their invoice number. For example, ''ht<nowiki>tps://ww</nowiki>w.yoursite.com/paybtc'' with a form they can enter their invoice number, or just ''ht<nowiki>tps://ww</nowiki>w.yoursite.com/paybtc/60365'' for paying invoice #60365. This way, they can see the Bitcoin address, copy and paste it directly into their Bitcoin client.<br />
<br />
Use a brand new address for each invoice whenever possible, and use it only once. This benefits the customer as it removes any ambiguity as to which customer is making which payment and for which invoice.<br />
<br />
Known payment systems supporting invoicing, and recurring invoice setup, [https://coinify.com/checkout/invoice/cb/bb Coinify]<br />
<br />
Online wallet supporting invoicing, subscriptions and recurrent payments, [https://www.xcoinmoney.com/info/sending-paying-invoices xCoinMoney]<br />
<br />
===Avoiding fraud===<br />
<br />
You should also consider the possible risk that fraudsters could send counterfeit invoices to your customers, and entice them to make a payment to a Bitcoin address they control, instead of you. While that isn't likely in general - it depends on how well a fraudster could find out who your customers are in the first place - it would certainly be an unpleasant situation if it ever happened. One way you could control that is, whenever possible, never let people try to type Bitcoin addresses off payment stubs - instead, force people to get the full Bitcoin address from your website via secure SSL. But, still print ''most'' of the address on the payment stub (perhaps with four or five characters starred out), so that the customer's need for a paper trail can be satisfied, so they can prove they paid if there is ever a dispute. Merchants can also use the IP address geolocation to understand the close proximity of users. There is automated solution such as [https://www.fraudlabspro.com FraudLabs Pro] that automates the screening of Bitcoin transactions to determine risk level.<br />
<br />
==Setting Prices==<br />
<br />
When a business accepts bitcoins for payment, there generally is the need to convert them to the currencies used for paying suppliers, employees and shareholders. Some merchants set prices based on the current market rate at the time the price quote is presented to the customer (merchant services like [[File:Polycoin_favicon.png|20px|link=http://www.polycoin.io]] [http://www.polycoin.io Polycoin], [https://coinify.com Coinify], [[File:Favicon-32x32_.png|20px|link=https://bitcoinpay.com]] [https://bitcoinpay.com BitcoinPay], [http://www.bit-pay.com Bit-pay], [https://coinbase.com Coinbase] or [http://paysius.com Paysius] do this automatically). <br />
<br />
[[Bitcoin Prices]] lists the exchange rate for many currencies on multiple exchanges.<br />
<br />
When prices are determined using an automated process, the current market rate can be based on either a current price or on a weighted average basis. [[Bitcoin Charts]] provides a [http://bitcoincharts.com/about/markets-api data feed that provides weighted prices]. [[Bitcoin Average]] also offers a weighted average price index, featuring average price across all exchanges reachable in the world and in over 150 currencies. 24h sliding average price index is also available and all data is [https://bitcoinaverage.com/api.htm reachable through the API]. <br />
<br />
When bitcoin funds for purchases are received, some merchants instantly exchange those proceeds into the preferred currency used (again done automatically by [[File:Polycoin_favicon.png|20px|link=http://www.polycoin.io]] [http://www.polycoin.io Polycoin], [https://coinify.com Coinify], [http://www.bit-pay.com Bit-pay], [https://coinbase.com Coinbase] or [[File:Favicon-32x32_.png|20px|link=https://bitcoinpay.com]] [https://bitcoinpay.com BitcoinPay]. Hedging for each transaction can nearly entirely eliminate exchange rate risk that the business is exposed to when accepting bitcoins for payment.<br />
<br />
==Contract==<br />
<br />
A sales contract might be used to ensure that specific terms are met to lessen the chances of a misunderstanding. For instance, the party sending payment is responsible for paying any [[transaction fee]] that might be necessary. A contract might specify that a transaction fee must be paid and what amount, so as to prevent the situation where the transaction is considered a low priority transaction and thus isn't confirmed quickly.<br />
<br />
Other items that might be addressed in a contract:<br />
<br />
* Requirement and handling of escrow through an [[:Category:Escrow_services|escrow service]].<br />
* Jurisdiction for disputes.<br />
* Refund policy (particularly with the exchange rate being volatile)<br />
<br />
==Paying taxes on Bitcoin income==<br />
[[Tax compliance]] is a topic of concern for small businesses. We aren't accountants or lawyers, and can't give legal or accounting advice.<br />
<br />
But in many respects, Bitcoin transactions work very much like cash. Just like Bitcoin, cash is anonymous and doesn't leave a paper trail, yet is widely used in commerce every day.<br />
<br />
Ask yourself how you would handle a cash transaction. Do you accept cash transactions? Do you normally pay taxes on cash transactions? The answer for Bitcoin should probably be the same.<br />
<br />
As for how to decide what a Bitcoin transaction is worth... the IRS, as far as we know, has never issued a guide mentioning how to value Bitcoin transactions. But they probably have rules and guidelines on how to value transactions made in foreign currency or "cash equivalents". We imagine the accounting would be similar.<br />
<br />
With Bitcoins, there's likely to be some difference between the value of BTC when you received them as payment, versus when you go to exchange them for another currency like USD, should you decide to do so. This scenario, likewise, would be no different if you accepted foreign currency or gold as payment. Under some scenarios, it might make sense to book the dollar value of BTC income as it is received, and then to book any difference incurred when it is exchanged for fiat currency. Under others, it might make sense to book the whole thing at the time of exchange.<br />
<br />
Perhaps you might talk to your accountant. You don't need to get into a discussion with your accountant about block chains and private keys or the philosophy behind a decentralized currency. By comparing the fundamentals of Bitcoins to accounting concepts already well understood by the public, you can probably get all the answers you need. What would you ask your accountant if you decided that you wanted to accept ''Berkshire Bucks'' or 1-ounce gold coins as payment?<br />
<br />
== Merchant Services ==<br />
* [https://apicoin.io Apicoin.io] A robust, secure api to connect to the bitcoin network.<br />
* [http://www.btc4erp.com Bitcoin Transaction Coordinator] Full Merchant Solution for organizations using the NetSuite Global ERP and eCommerce Platform <br />
* [[File:favicon_bp.png|20px|link=https://bitcoinpay.com/static/img/]] [https://bitcoinpay.com BitcoinPay] Payment gateway for virtual currencies with direct settlement to PLN, CZK, EUR and USD. POS + API.<br />
* [[File:Bitfavicon.png|20px|link=http://www.bitcoinpaygate.com]] [http://www.bitcoinpaygate.com Bitcoinpaygate] Bitcoin payment processing for the web & in store payments<br />
* [[File:BitKassa_favicon.png|20px|link=https://www.BitKassa.nl]] [https://www.BitKassa.nl BitKassa] Merchant solution for accepting Bitcoin, getting Euro or Euro/Bitcoin percentage. The Netherlands.<br />
* [https://bitmerch.com BitMerch] Provides HTML buttons to start accepting bitcoins instantly. No server side setup required.<br />
* [https://www.bitpagos.net BitPagos] Bitcoin and Credit Card payment processor<br />
* [https://www.bitpay.com BitPay] Bitcoin payment processor with mobile checkout solution<br />
* [https://bitpos.me BitPOS] Bitcoin payment processor for online and brick and mortar stores<br />
* [http://www.bitstraat.nl BitStraat] Merchant POS solution for accepting Bitcoin<br />
* [http://blockchain.info/api/api_receive Blockchain.info] Free APIs to process bitcoin payments. No sign up or account needed.<br />
* [https://www.btcmerch.com BTCMerch] Payment processor for bitcoins and other cryptocurrencies. 0.5% transaction fee. Sandbox is available.<br />
* [https://coinbase.com/docs/merchant_tools/payment_buttons Coinbase] Offers payment buttons, checkout pages, shopping cart integration, and daily cash out to USD.<br />
* [[File:BitcoinRegister.gif|20px|link=http://coinbox.it/merchant]] [http://coinbox.it/merchant CoinBox] Bitcoin Point of Sales application for Android, with integration into various exchanges. Similar to Square.<br />
* [[File:CoinCorner_blue_logo.png|20px|link=https://coincorner.com]] [https://www.coincorner.com/ForBusiness CoinCorner] - Integrate CoinCorner Checkout in to your eCommerce business using a simple plugin or the API for Bitcoin Payments. Point of Sale solution also available that allows physical retailers to easily accept bitcoin and automatically convert that to fiat, removing the risk of holding bitcoins.<br />
* [https://coinify.com Coinify] Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin. Supports Bitcoin Web Payments, Mobile Checkout, In-store Bitcoin Payments and Bitcoin Invoicing with recurring billing in bitcoin.<br />
* [[File:Coinkite.gif|20px|link=https://coinkite.com]] [https://coinkite.com/faq/terminal Coinkite] Secure wallet multisig, payment buttons, invoice pages, hardware POS terminals, and Debit-Cards.<br />
* [https://coinpip.com/ CoinPip] Online and POS bitcoin payment processor for Asia.<br />
* [https://coinvoice.com/ Coinvoice] Invoice in USD or BTC, Get paid in USD or BTC.<br />
* [https://coinvoy.net Coinvoy] Free Payment Gateway with built-in exchange<br />
* [https://cryptopay.me Cryptopay] European payment gateway with daily payouts in GBP, EUR and USD. Exchange and wallet integrated.<br />
* [https://cubits.com Cubits] Platform with multisignature wallets and merchant system Cubits Pay.<br />
* [[File:Paxful_how-to-buy-bitcoin.png |20px|link=https://paxful.com]] [https://paxful.com Paxful] Accept Bitcoin with no internet then sell bitcoin for profit on our peer to peer exchange.<br />
* [http://fasterco.in Fasterco.in] Bitcoin payment processing for merchants and day-traders<br />
* [[File:gocoin-logo.png|20px|link=https://www.gocoin.com]] [https://www.gocoin.com/docs GoCoin International payment gateway and processing platform for Merchants]<br />
* [https://gourl.io Gourl.io] Bitcoin Payment processor with ready to use php scripts - Pay-Per-Download, Pay-Per-Product, Pay-Per-Membership, Pay-Per-Registration.<br />
* [[File:inpay_favicon.png|link=https://inpay.pl/?lang=en]] [https://inpay.pl/?lang=en InPay.pl] InPay was created to enable entrepreneurs to accept Bitcoin in PLN, EUR and USD. <br />
* [[File:MCS_200by200_logo-01.png|20px|link=http://www.mycoinsolution.com]][http://www.mycoinsolution.com My Coin Solution] - Bitcoin consulting services and solutions<br />
* [https://www.okpay.com/en/services/accept-payments/index.html OKPAY] Bitcoin payment processing for merchants<br />
* [[File:Payful.png|20px|link=http://payful.io]] [http://payful.io Payful] Accept bitcoin - point of sale, shopping cart plugins and API. Supports payment processing in US dollars, Euros and Canadian dollars.<br />
* [[File:Polycoin_favicon.png|20px|link=http://www.polycoin.io]] [http://www.polycoin.io Polycoin] Bitcoin payment processing platform with solutions for the financial sector<br />
* [https://pocketpos.ca/ PocketPOS] Bitcoin Point of Sale for Canadians, including merchant integration for CAD / BTC exchange.<br />
* [http://snowcron.com Snowcron] Bitcoin Store Engine: Handles payments, sends your customers information they ordered (reg. codes, passwords...) No web programming required.<br />
* [https://xbterminal.com/ XBTerminal] Brick-and-mortar hardware POS terminals with payment processing integrations. <br />
* [https://www.xcoinmoney.com/ xCoinMoney] Online wallet for instant payment and subscriptions.<br />
<br />
==See Also==<br />
<br />
* [[Merchant Howto]]<br />
* [[In-store Transactions]]<br />
* [[Tax compliance]]<br />
* [[Securing online services]]<br />
* [[BitCoins Mobile]] provides accurate up to date pricing from multiple exchanges from your Apple iPad, iPhone, or iPod Touch.<br />
* [[Bitcoin PayFlow]] automates the process for accepting bitcoins<br />
* [[Lazy API]] The lazy (and possibly easiest?) way to accept bitcoin payments on your website<br />
<br />
[[Category:ECommerce]]<br />
[[Category:Local]]<br />
<br />
[[de:Bitcoin_als_Geschäft_akzeptieren]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Merchant_Howto&diff=58481Merchant Howto2015-08-24T15:33:19Z<p>Coincorner: Added CoinCorner logo</p>
<hr />
<div>{{merge|How to accept Bitcoin, for small businesses}}<br />
<br />
Accepting Bitcoins is easy, and there are several ways to do it.<br />
<br />
==Manually==<br />
# Download a bitcoin client<br />
# When a customer wants to buy something, send them a Bitcoin address where their payment should be sent.<br />
#* You can do this by clicking "New.." next to your address in the Bitcoin client and sending that address to the customer.<br />
# When payment comes in to that address, send the goods to your customer. Depending on the value of what you're selling, you may wish to wait until the payment shows Confirmed.<br />
# To issue a refund, obtain from the customer the [[Address|bitcoin address]] where the refund payment should be sent. The refund address will likely be different from the address used when the customer sent payment, especially if an [[EWallet]] was used by the customer.<br />
<br />
==Automated==<br />
===Pre-generating Bitcoin addresses===<br />
You can accept Bitcoins on your website without needing to use Bitcoin APIs or third party services if you pre-generate a large number of receiving Bitcoin addresses and store them in a database on your web server, and dispense them one-by-one to customers when they are ready to pay. This way, your web server never actually handles the bitcoins - it simply gives out addresses belonging to a wallet you maintain elsewhere. By using a unique address per order, you will always know which payment belongs to which order. [https://www.casascius.com Example of website using this method]<br />
<br />
To pre-generate addresses, use a tool such as [[Pywallet]] (which can generate a wallet.dat file) or [[Bitcoin Address Utility]] (which can generate a CSV file). In both cases, you will be generating a list of [[Address|Bitcoin address]]es along with their corresponding [[private key]]s. Only the Bitcoin addresses (not the private keys) should be loaded on the web server.<br />
<br />
If you are shipping goods manually, you can use the Bitcoin software to check for incoming payments, or alternately consider using [[Block Explorer]] or [[Abe]] to verify payment when you're about to ship. To make this easy, make your website provide you a full hyperlink that includes the proper receiving address: ht<nowiki>tp://www</nowiki>.blockexplorer.com/address/ADDRESSGOESHERE.<br />
<br />
If you are delivering digital goods or services and want to be able to deliver instantly upon payment and/or confirmation, you can use a third-party service such as [[Bitcoin Notify]] to tell your website when a payment has been received. This sort of service requires no significant API implementation - they will simply make a POST to your website or send you an e-mail when a payment has been received on one of your addresses.<br />
<br />
If you keep Bitcoins off your web server, this ensures your wallet cannot be stolen if your web server experiences a security intrusion. Your risk becomes limited to the possibility that a successful intruder could add his own addresses to your address pool and steal funds from a few incoming orders until you detect the problem, however, this is a [[Deterministic_wallet|relatively controllable risk]].<br />
<br />
===Using offchain payment networks===<br />
<br />
[[Off-Chain_Transactions|Off chain]] networks provides various benefits to Bitcoin, such as instant confirmations and protection against double spending.<br />
<br />
===Using a third-party plugin===<br />
You can use an existing [[:Category:Shopping Cart Interfaces|shopping cart interface]] from a 3rd party to automatically handle all Bitcoin payments on your website. If you want to develop the system yourself, you can utilize the Bitcoin client's [[API tutorial (JSON-RPC)|JSON-RPC API]] to automatically accept payments.<br />
<br />
Things to note if you build it yourself:<br />
# When a customer orders something on your website it records:<br />
#* Bitcoin address that payment should be sent to<br />
#* Order details (delivery address etc.)<br />
#* Customer's refund address (optional - if you wish you can ask for this later, only in cases a refund is required)<br />
#* Payment amount<br />
# When payment arrives, checks that they have paid the correct amount or not, and informs you<br />
#* You dispatch the goods to the customer and mark the order as fulfilled<br />
#* If you cannot dispatch the goods you mark the order as denied and ask the customer for a refund address (unless you already have it from earlier) to send a refund.<br />
# Forwards the funds to bitcoin address of your choice<br />
<br />
===If You have a retail business and do not have internet or smart phone===<br />
You can still accept Bitcoin. [https://easybitz.com/merchant] EasyBitz.com has a very simple way to accept bitcoin with just a print out and a phone that gets sms text messages.<br />
<br />
[[File:Easybitz bitcoin pointofsale.png|400 px|alt=Accept Bitcoin without internet|EasyBitz ZeroClick System|link=https://easybitz.com/merchant]]<br />
<br />
===Businesses that mail invoices===<br />
Does your business send out invoices to customers? Adding one line may make a huge impact for the Bitcoin economy. Perhaps you list it as a payment option just after Visa, MasterCard, and American Express, even if that means your customer must call or e-mail to make a payment. However it is possible to create automated invoices by using known payment systems supporting invoicing, and recurring invoice setup.<br />
<br />
==Common Errors==<br />
It has been observed on occasion that a business funnels all its orders through the same Bitcoin address, and asks people to send some BTC, then send email describing the timing and the amount of the transaction to 'claim' it. This is '''not''' secure, since anyone can see the transaction details using a tool such as [[Block Explorer]], and then try to claim someone else's transaction as theirs.<br />
<br />
Do not do this. Give each customer a unique Bitcoin address.<br />
<br />
==Listing your business on the Bitcoin Trade page==<br />
<br />
Anyone can add and update a listing on the [[Trade|trade]] page. Just register if you haven't and add to the appropriate category. If you'ld like assistance, perhaps someone in the [http://webchat.freenode.net/?channels=#bitcoin-marketing #bitcoin-marketing] IRC channel would be willing to assist. If you have a brick and mortar business that accepts bitcoin you can add it to the bitcoin directories. [https://easybitz.com] [http://coinmap.org] <br />
<br />
==Services==<br />
* [[File:Bitfavicon.png|20px|link=http://www.bitcoinpaygate.com]] [http://www.bitcoinpaygate.com Bitcoinpaygate] Bitcoin payment processing for the web & in store payments<br />
* [https://bitcoinpay.com BitcoinPay] Merchant solution for Bitcoin specialized in Middle Europe (Germany, Poland, Slovakia, Czech republic)<br />
* [https://www.BitKassa.nl BitKassa] Merchant solution for accepting bitcoins, getting euro's. No fee. The Netherlands.<br />
* [[BitPay]] Merchant solutions for Bitcoin<br />
* [http://www.bitpagos.net BitPagos] Payments Gateway for Latin America<br />
* [https://coinbase.com/merchants Coinbase] Offers payment buttons, pages, iframes, shopping cart integration, subscription/recurring billing, micro-transactions, and cash out to your local currency for 1%.<br />
* [[File:CoinCorner_blue_logo.png|20px|link=https://coincorner.com]] [https://www.coincorner.com/ForBusiness CoinCorner] - Integrate CoinCorner Checkout in to your eCommerce business using a simple plugin or the API for Bitcoin Payments. Point of Sale solution also available that allows physical retailers to easily accept bitcoin and automatically convert that to fiat, removing the risk of holding bitcoins.<br />
* [[File:Coinkite.gif|20px|link=https://coinkite.com]] [https://coinkite.com/faq/terminal Coinkite] Secure wallet multisig, payment buttons, invoice pages, hardware POS terminals, and Debit-Cards.<br />
* [https://cryptopay.me/ Cryptopay] Bitcoin merchant payment processing. UK-based, serving UK and EU clients.<br />
* [http://www.dcpos.com DC POS] A Bitcoin browser-based Point-of-Sale app. It is hardware, OS, wallet, and browser agnostic. 0.5% transaction fee.<br />
* [[Coinify]] Merchant solutions for Bitcoin<br />
* [[File:Easybitz.png|20px|link=https://easybitz.com]] [https://easybitz.com EasyBitz] Bitcoin for Retail worldwide. ZeroClick requires only SMS. POS works on SmartPhones and Tablets. Live Transaction Global Map. No fees.<br />
* [http://www.fraudlabspro.com/ FraudLabs Pro] Fraud screening service for online merchants. Support transactions using Bitcoin as payment method.<br />
* [[File:gocoin-logo.png|20px|link=https://www.gocoin.com]] [[GoCoin]] International Payment Processing for Bitcoin<br />
* [https://gourl.io Gourl.io] Bitcoin Payment Gateway with ready to use php scripts - Pay-Per-Download, Pay-Per-Product, Pay-Per-Registration.<br />
* [[File:inpay_favicon.png|link=https://inpay.pl/?lang=en]] [https://inpay.pl/?lang=en InPay.pl] InPay was created to enable entrepreneurs to accept Bitcoin in PLN, EUR and USD. <br />
* [[File:MCS_200by200_logo-01.png|20px|link=http://www.mycoinsolution.com]][http://www.mycoinsolution.com My Coin Solution] - Bitcoin consulting services and solutions<br />
* [https://xbterminal.com/ XBTerminal] Brick-and-mortar hardware POS terminals with payment processing integrations.<br />
* [[File:Payful.png|20px|link=http://payful.io]] [http://payful.io Payful] Accept bitcoin - point of sale, shopping cart plugins and API. Supports payment processing in US dollars, Euros and Canadian dollars.<br />
* [http://paysius.com Paysius] Allows merchants to easily and securely accept Bitcoin payments on their website<br />
<br />
==See Also==<br />
* [[In-store Transactions]]<br />
* [[:Category:Shopping Cart Interfaces|Shopping Cart Interfaces]]<br />
* [[Securing online services]]<br />
* [[Bitcoin Evolution]] handles sales tracking and order forms; requires Bitcoin client for actual payment<br />
* [[Bitcoin API Services]] an easy solution for securely accepting Bitcoins and updating BTC prices<br />
* [[Converter|Bitcoin Javascript Converter]] displays a price in BTCs after converting from USDs.<br />
* [[How to accept Bitcoin, for small businesses]]<br />
* [[:Category:Marketing|Marketing]]<br />
* [[URI Scheme]]<br />
* [[Promotional graphics]], buttons and logos<br />
* [https://github.com/cryptoapi/Payment-Gateway GoUrl Bitcoin Payment API] open source php payment api on Github.com<br />
* [[Lazy API]] The lazy (and possibly easiest?) way to accept bitcoin payments on your website<br />
* [http://snowcron.com Snowcron] Bitcoin Store Engine: Handles payments, sends your customers information they ordered (reg. codes, passwords...) No web programming required.<br />
[[Category:ECommerce]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=File:CoinCorner_blue_logo.png&diff=58480File:CoinCorner blue logo.png2015-08-24T15:30:49Z<p>Coincorner: </p>
<hr />
<div></div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=How_to_accept_Bitcoin,_for_small_businesses&diff=58479How to accept Bitcoin, for small businesses2015-08-24T15:18:09Z<p>Coincorner: Added CoinCorner to "Examples of Solutions for Smart Phones and Tablets" and "Merchant Services"</p>
<hr />
<div>{{merge|Merchant Howto}}<br />
<br />
This guide is intended for small business owners who wish to help promote Bitcoin by accepting it as payment for goods and services. It's written with the assumption that you operate a regular business that sells goods or services for regular national currency such as dollars, and that you wish to accept Bitcoin as another legal way to pay, and that you intend to pay taxes on your Bitcoin income just like any other income.<br />
<br />
With Bitcoin being touted as a way to conduct anonymous transactions and as way to compete with government currency, many small business owners wonder what's the right way to accept and account Bitcoin, or if it's legal or ethical, or whether and how they should pay taxes on income received through Bitcoin.<br />
<br />
As far as we know, Bitcoin isn't yet formally recognized by governments and authorities as a "currency". But in practice, Bitcoin is likely no different than accepting payment in other forms, such as cash, or gold, or scrip, or gift cards or foreign currency. We think that it is pretty much the same as the local businesses of Great Barrington, Massachusetts choosing to accept their locally-printed [http://www.reuters.com/article/2007/06/19/us-usa-economy-berkshares-idUSN0530157720070619 "Berkshire Bucks"] to support their local economy.<br />
<br />
====Starting to accept Bitcoin for transactions====<br />
Accepting Bitcoin at a small business is best started in whichever manner keeps the accounting simple for you. This will vary by the type of business you are operating.<br />
<br />
===Start with a sign===<br />
[[{{ns:file}}:WeAcceptBitcoin.png]]<br />
<br />
If you expect that the number of people interested in using Bitcoin is small, you might simply start by posting a sign or a note: "We Accept Bitcoin", and ask people to contact you directly in order to make a payment. Even if hardly anybody uses Bitcoin as a payment method, you're helping Bitcoin in two ways: one, by increasing awareness, and two, by making your customers more willing to accept Bitcoin as payment from others in the future, because now they know somewhere they can spend it.<br />
<br />
===Utilize a merchant solution===<br />
If you sell things on your website (goods or services), you'll want to use a [[#Merchant Services|Bitcoin merchant solution]] to accept the Bitcoins (you can usually opt to have them converted to USD or other currencies automatically with some services). <br />
<br />
If you sell things in a brick and mortar shop, customers can pay using hardware terminals, touch screen apps or simple wallet addresses through QR Codes.<br />
<br />
[[File:Easybitz bitcoin pointofsale.png|400 px|alt=Accept Bitcoin without internet|EasyBitz ZeroClick System|link=https://easybitz.com/merchant]][[File:Coinktie Bitcoin Payment Buttons.png|alt=Coinkite Bitcoin Payment Buttons|link=https://coinkite.com/merchants]]<br />
<br />
[[File:Bitcoin-pos-terminal.png|200 px|alt=Bitcoin POS Terminal|Coinkite terminal]] [[File:Mobile_Web_App_Bitcoin_Register.jpeg|100 px|alt=Bitcoin POS Terminal|CoinBox terminal]]<br />
<br />
[[File:Mobile_Checkout_Phone.png|200 px|alt=Bitcoin Mobile Checkout|Coinify Mobile Checkout|link=https://coinify.com]]<br />
<br />
===Smart Phone or Tablet===<br />
You can use a wallet address with any wallet. For that it's best if you can place a QR code near your cash register to which the customers can scan with their phone and pay (use http://ma.eatgold.com/accept to make a QR code sign). For a more convenient solution you can use a dedicated app or webapp that generates a QR code on the fly including the amount.<br />
<br />
==== Examples ====<br />
Solutions for smart phones and tablets:<br />
* [https://bitcoin.co.th/merchants/ bitcoin.co.th] mobile Bitcoin Point of Sale for Thailand<br />
* [[File:favicon_bp.png|20px|link=https://bitcoinpay.com/static/img/]] [https://bitcoinpay.com BitcoinPay], Mobile payment terminal with EUR, USD, PLN and CZK settlements.<br />
* [[File:BitKassa_favicon.png|20px|link=https://www.BitKassa.nl]] [https://www.BitKassa.nl BitKassa] accept Bitcoin on mobile phone, tablet, computer; converts to Euro/Bitcoin (any percentage)<br />
* [https://bitpay.com/bitcoin-for-retail BitPay] Mobile Checkout<br />
* [https://bitpos.me/demo.html BitPOS] Merchant POS solution for Australia<br />
* [https://play.google.com/store/apps/details?id=info.blockchain.merchant Blockchain] Merchant for Android<br />
* [http://www.btcxpos.com/ BTCX] POS for Sweden<br />
* [https://www.coincorner.com/ForBusiness CoinCorner] - Point of Sale solution available that allows physical retailers to easily accept bitcoin and automatically convert that to fiat, removing the risk of holding bitcoins.<br />
* [https://coinify.com Coinify] Bitcoin Point Of Sale<br />
* [[File:Coinkite.gif|20px|link=https://coinkite.com]] [https://coinkite.com/faq/pay Coinkite] Web Pay/Buy/Donate buttons with exchange rate and timers. Customizable via API and works over Tor.<br />
* [[File:Coin_Of_Sale_logo.png|20px|link=https://coinofsale.com]] [https://coinofsale.com Coin Of Sale] - device-independent Bitcoin POS payment system<br />
* [https://coinbase.com/docs/merchant_tools/point_of_sale Coinbase] Point Of Sale for Android<br />
* [[File:BitcoinRegister.gif|20px|link=http://coinbox.it/merchant]][http://coinbox.it/merchant CoinBox] Bitcoin point of sale for Android<br />
* [http://acceptbitcoin.coinpip.com CoinPip] - Bitcoin Payment Processor for Asia / Global Payment and Payouts for Businesses<br />
* [https://cryptopay.me/products/ Cryptopay] HTML5-based bitcoin POS<br />
* [[File:Paxful_how-to-buy-bitcoin.png |20px|link=https://paxful.com]] [https://paxful.com Paxful] Simplest Point of Sale, No Fees and a peer to peer market to buy bitcoin instantly<br />
* [[File:Payful.png|20px|link=http://payful.io]] [http://payful.io Payful] Accept bitcoin - point of sale, shopping cart plugins and API. Supports USA, Europe and Canada.<br />
* [https://pocketpos.ca/ PocketPOS] Bitcoin Point of Sale for Canadians, with exchange integration<br />
* [https://gourl.io/ GoUrl] Bitcoin Mobile Checkout<br />
<br />
===Point-of-Sale hardware terminal===<br />
With custom hardware you can integrate with existing registers and point-of-sales solutions (examples: [[File:Coinkite.gif|20px|link=https://coinkite.com/promo/wikibiz]] [https://coinkite.com/promo/wikibiz Coinkite], [https://xbterminal.com/ XBTerminal], [http://www.bitstraat.nl BitStraat]).<br />
<br />
===Accounting===<br />
When a customer makes a payment, you might simply issue a credit to their account. Ideally, you want to enter it in a way that suggests you received a payment. You could consider entering it as a "discount", but you may want to consider whether this inappropriately disguises the nature of the transaction. If on the other hand, you're giving "discounts" for Bitcoins, but then you are selling the Bitcoins for currency and then counting that as income, then chances are good that your calculation of income is making up for it. Ask your accountant.<br />
<br />
===Businesses that offer gift cards===<br />
If your business sells gift cards or gift certificates, you may find that the easiest way to accept Bitcoin is to accept it only for the purchase of gift cards, and then require the gift cards to be used for actual purchases of goods or services. This way, the accounting practices you already have in place for processing gift cards can be put to use. The accounting for Bitcoins would then be minimized to tracking sales of a single SKU.<br />
<br />
This method is also ideal for retail food establishments and convenience stores, where the payment of Bitcoins through a mobile phone for a small daily food purchase might be cumbersome or disruptive, especially in front of a line of other customers. Bitcoins in this case would be best used to reload prepaid cards that can then be swiped at point-of-sale.<br />
<br />
If you don't accept gift cards, but you already accept credit cards through a swipe terminal, consider the possibility that you could add a retail gift card system through the swipe terminal you already own. Many point-of-sale terminals, including ones from VeriFone&reg;, are designed around the ability to support multiple applications on the same terminal. Gift cards are also highly profitable because of "breakage", or in other words, the fact that a significant percentage of them never get redeemed.<br />
<br />
You could consider adding a private label gift card program from a provider who specializes in this, not just as a jumpstart to accepting Bitcoins, but as an extra boost to income. A private label gift card service provider necessarily have to handle your funds - they can simply provide a solution that keeps track of the balance on the cards on your behalf, including features that allow users to check their balances by phone or by web. Such a solution, of course, is also what makes the cards swipeable through the card reader.<br />
<br />
===Businesses that mail invoices===<br />
Does your business send out invoices to customers? Adding one line may make a huge impact for the Bitcoin economy. Perhaps you list it as a payment option just after Visa, MasterCard, and American Express, even if that means your customer must call or e-mail to make a payment.<br />
<br />
If you have access to the programming expertise such that you can generate Bitcoin addresses programmatically, consider generating a brand new Bitcoin address for each invoice, and print it on the invoice. When a Bitcoin payment arrives, you'll automatically know where it should arrive.<br />
<br />
Customers might wonder how much BTC they should pay in order to satisfy an invoice in full. Your invoice might suggest an amount. For example, if your invoice is for $100 and BTC's are currently worth $1.24 each, your invoice might suggest that it can be paid in full ''"with a payment of 80.65 BTC if paid by (date)"''.<br />
<br />
You might be able to anticipate the possibility that even though a Bitcoin address can be printed on an invoice or payment stub, that they are very cumbersome for most people to type, especially being a mix of uppercase and lowercase letters. However, you should probably still do it anyway. The customer is probably going to want some paper trail for his payment. Giving him a pre-printed payment stub with a pre-printed address will satisfy that, because the customer can independently and publicly prove through [[Block Explorer]] that the payment took place.<br />
<br />
Does your business have a website? On your invoice, consider allowing them to go to a special URL to get the address to make a Bitcoin payment just by typing in their invoice number. For example, ''ht<nowiki>tps://ww</nowiki>w.yoursite.com/paybtc'' with a form they can enter their invoice number, or just ''ht<nowiki>tps://ww</nowiki>w.yoursite.com/paybtc/60365'' for paying invoice #60365. This way, they can see the Bitcoin address, copy and paste it directly into their Bitcoin client.<br />
<br />
Use a brand new address for each invoice whenever possible, and use it only once. This benefits the customer as it removes any ambiguity as to which customer is making which payment and for which invoice.<br />
<br />
Known payment systems supporting invoicing, and recurring invoice setup, [https://coinify.com/checkout/invoice/cb/bb Coinify]<br />
<br />
Online wallet supporting invoicing, subscriptions and recurrent payments, [https://www.xcoinmoney.com/info/sending-paying-invoices xCoinMoney]<br />
<br />
===Avoiding fraud===<br />
<br />
You should also consider the possible risk that fraudsters could send counterfeit invoices to your customers, and entice them to make a payment to a Bitcoin address they control, instead of you. While that isn't likely in general - it depends on how well a fraudster could find out who your customers are in the first place - it would certainly be an unpleasant situation if it ever happened. One way you could control that is, whenever possible, never let people try to type Bitcoin addresses off payment stubs - instead, force people to get the full Bitcoin address from your website via secure SSL. But, still print ''most'' of the address on the payment stub (perhaps with four or five characters starred out), so that the customer's need for a paper trail can be satisfied, so they can prove they paid if there is ever a dispute. Merchants can also use the IP address geolocation to understand the close proximity of users. There is automated solution such as [https://www.fraudlabspro.com FraudLabs Pro] that automates the screening of Bitcoin transactions to determine risk level.<br />
<br />
==Setting Prices==<br />
<br />
When a business accepts bitcoins for payment, there generally is the need to convert them to the currencies used for paying suppliers, employees and shareholders. Some merchants set prices based on the current market rate at the time the price quote is presented to the customer (merchant services like [[File:Polycoin_favicon.png|20px|link=http://www.polycoin.io]] [http://www.polycoin.io Polycoin], [https://coinify.com Coinify], [[File:Favicon-32x32_.png|20px|link=https://bitcoinpay.com]] [https://bitcoinpay.com BitcoinPay], [http://www.bit-pay.com Bit-pay], [https://coinbase.com Coinbase] or [http://paysius.com Paysius] do this automatically). <br />
<br />
[[Bitcoin Prices]] lists the exchange rate for many currencies on multiple exchanges.<br />
<br />
When prices are determined using an automated process, the current market rate can be based on either a current price or on a weighted average basis. [[Bitcoin Charts]] provides a [http://bitcoincharts.com/about/markets-api data feed that provides weighted prices]. [[Bitcoin Average]] also offers a weighted average price index, featuring average price across all exchanges reachable in the world and in over 150 currencies. 24h sliding average price index is also available and all data is [https://bitcoinaverage.com/api.htm reachable through the API]. <br />
<br />
When bitcoin funds for purchases are received, some merchants instantly exchange those proceeds into the preferred currency used (again done automatically by [[File:Polycoin_favicon.png|20px|link=http://www.polycoin.io]] [http://www.polycoin.io Polycoin], [https://coinify.com Coinify], [http://www.bit-pay.com Bit-pay], [https://coinbase.com Coinbase] or [[File:Favicon-32x32_.png|20px|link=https://bitcoinpay.com]] [https://bitcoinpay.com BitcoinPay]. Hedging for each transaction can nearly entirely eliminate exchange rate risk that the business is exposed to when accepting bitcoins for payment.<br />
<br />
==Contract==<br />
<br />
A sales contract might be used to ensure that specific terms are met to lessen the chances of a misunderstanding. For instance, the party sending payment is responsible for paying any [[transaction fee]] that might be necessary. A contract might specify that a transaction fee must be paid and what amount, so as to prevent the situation where the transaction is considered a low priority transaction and thus isn't confirmed quickly.<br />
<br />
Other items that might be addressed in a contract:<br />
<br />
* Requirement and handling of escrow through an [[:Category:Escrow_services|escrow service]].<br />
* Jurisdiction for disputes.<br />
* Refund policy (particularly with the exchange rate being volatile)<br />
<br />
==Paying taxes on Bitcoin income==<br />
[[Tax compliance]] is a topic of concern for small businesses. We aren't accountants or lawyers, and can't give legal or accounting advice.<br />
<br />
But in many respects, Bitcoin transactions work very much like cash. Just like Bitcoin, cash is anonymous and doesn't leave a paper trail, yet is widely used in commerce every day.<br />
<br />
Ask yourself how you would handle a cash transaction. Do you accept cash transactions? Do you normally pay taxes on cash transactions? The answer for Bitcoin should probably be the same.<br />
<br />
As for how to decide what a Bitcoin transaction is worth... the IRS, as far as we know, has never issued a guide mentioning how to value Bitcoin transactions. But they probably have rules and guidelines on how to value transactions made in foreign currency or "cash equivalents". We imagine the accounting would be similar.<br />
<br />
With Bitcoins, there's likely to be some difference between the value of BTC when you received them as payment, versus when you go to exchange them for another currency like USD, should you decide to do so. This scenario, likewise, would be no different if you accepted foreign currency or gold as payment. Under some scenarios, it might make sense to book the dollar value of BTC income as it is received, and then to book any difference incurred when it is exchanged for fiat currency. Under others, it might make sense to book the whole thing at the time of exchange.<br />
<br />
Perhaps you might talk to your accountant. You don't need to get into a discussion with your accountant about block chains and private keys or the philosophy behind a decentralized currency. By comparing the fundamentals of Bitcoins to accounting concepts already well understood by the public, you can probably get all the answers you need. What would you ask your accountant if you decided that you wanted to accept ''Berkshire Bucks'' or 1-ounce gold coins as payment?<br />
<br />
== Merchant Services ==<br />
* [https://apicoin.io Apicoin.io] A robust, secure api to connect to the bitcoin network.<br />
* [http://www.btc4erp.com Bitcoin Transaction Coordinator] Full Merchant Solution for organizations using the NetSuite Global ERP and eCommerce Platform <br />
* [[File:favicon_bp.png|20px|link=https://bitcoinpay.com/static/img/]] [https://bitcoinpay.com BitcoinPay] Payment gateway for virtual currencies with direct settlement to PLN, CZK, EUR and USD. POS + API.<br />
* [[File:Bitfavicon.png|20px|link=http://www.bitcoinpaygate.com]] [http://www.bitcoinpaygate.com Bitcoinpaygate] Bitcoin payment processing for the web & in store payments<br />
* [[File:BitKassa_favicon.png|20px|link=https://www.BitKassa.nl]] [https://www.BitKassa.nl BitKassa] Merchant solution for accepting Bitcoin, getting Euro or Euro/Bitcoin percentage. The Netherlands.<br />
* [https://bitmerch.com BitMerch] Provides HTML buttons to start accepting bitcoins instantly. No server side setup required.<br />
* [https://www.bitpagos.net BitPagos] Bitcoin and Credit Card payment processor<br />
* [https://www.bitpay.com BitPay] Bitcoin payment processor with mobile checkout solution<br />
* [https://bitpos.me BitPOS] Bitcoin payment processor for online and brick and mortar stores<br />
* [http://www.bitstraat.nl BitStraat] Merchant POS solution for accepting Bitcoin<br />
* [http://blockchain.info/api/api_receive Blockchain.info] Free APIs to process bitcoin payments. No sign up or account needed.<br />
* [https://www.btcmerch.com BTCMerch] Payment processor for bitcoins and other cryptocurrencies. 0.5% transaction fee. Sandbox is available.<br />
* [https://coinbase.com/docs/merchant_tools/payment_buttons Coinbase] Offers payment buttons, checkout pages, shopping cart integration, and daily cash out to USD.<br />
* [[File:BitcoinRegister.gif|20px|link=http://coinbox.it/merchant]] [http://coinbox.it/merchant CoinBox] Bitcoin Point of Sales application for Android, with integration into various exchanges. Similar to Square.<br />
* [https://www.coincorner.com/ForBusiness CoinCorner] - Integrate CoinCorner Checkout in to your eCommerce business using a simple plugin or the API for Bitcoin Payments. Point of Sale solution also available that allows physical retailers to easily accept bitcoin and automatically convert that to fiat, removing the risk of holding bitcoins.<br />
* [https://coinify.com Coinify] Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin. Supports Bitcoin Web Payments, Mobile Checkout, In-store Bitcoin Payments and Bitcoin Invoicing with recurring billing in bitcoin.<br />
* [[File:Coinkite.gif|20px|link=https://coinkite.com]] [https://coinkite.com/faq/terminal Coinkite] Secure wallet multisig, payment buttons, invoice pages, hardware POS terminals, and Debit-Cards.<br />
* [https://coinpip.com/ CoinPip] Online and POS bitcoin payment processor for Asia.<br />
* [https://coinvoice.com/ Coinvoice] Invoice in USD or BTC, Get paid in USD or BTC.<br />
* [https://coinvoy.net Coinvoy] Free Payment Gateway with built-in exchange<br />
* [https://cryptopay.me Cryptopay] European payment gateway with daily payouts in GBP, EUR and USD. Exchange and wallet integrated.<br />
* [https://cubits.com Cubits] Platform with multisignature wallets and merchant system Cubits Pay.<br />
* [[File:Paxful_how-to-buy-bitcoin.png |20px|link=https://paxful.com]] [https://paxful.com Paxful] Accept Bitcoin with no internet then sell bitcoin for profit on our peer to peer exchange.<br />
* [http://fasterco.in Fasterco.in] Bitcoin payment processing for merchants and day-traders<br />
* [[File:gocoin-logo.png|20px|link=https://www.gocoin.com]] [https://www.gocoin.com/docs GoCoin International payment gateway and processing platform for Merchants]<br />
* [https://gourl.io Gourl.io] Bitcoin Payment processor with ready to use php scripts - Pay-Per-Download, Pay-Per-Product, Pay-Per-Membership, Pay-Per-Registration.<br />
* [[File:inpay_favicon.png|link=https://inpay.pl/?lang=en]] [https://inpay.pl/?lang=en InPay.pl] InPay was created to enable entrepreneurs to accept Bitcoin in PLN, EUR and USD. <br />
* [[File:MCS_200by200_logo-01.png|20px|link=http://www.mycoinsolution.com]][http://www.mycoinsolution.com My Coin Solution] - Bitcoin consulting services and solutions<br />
* [https://www.okpay.com/en/services/accept-payments/index.html OKPAY] Bitcoin payment processing for merchants<br />
* [[File:Payful.png|20px|link=http://payful.io]] [http://payful.io Payful] Accept bitcoin - point of sale, shopping cart plugins and API. Supports payment processing in US dollars, Euros and Canadian dollars.<br />
* [[File:Polycoin_favicon.png|20px|link=http://www.polycoin.io]] [http://www.polycoin.io Polycoin] Bitcoin payment processing platform with solutions for the financial sector<br />
* [https://pocketpos.ca/ PocketPOS] Bitcoin Point of Sale for Canadians, including merchant integration for CAD / BTC exchange.<br />
* [http://snowcron.com Snowcron] Bitcoin Store Engine: Handles payments, sends your customers information they ordered (reg. codes, passwords...) No web programming required.<br />
* [https://xbterminal.com/ XBTerminal] Brick-and-mortar hardware POS terminals with payment processing integrations. <br />
* [https://www.xcoinmoney.com/ xCoinMoney] Online wallet for instant payment and subscriptions.<br />
<br />
==See Also==<br />
<br />
* [[Merchant Howto]]<br />
* [[In-store Transactions]]<br />
* [[Tax compliance]]<br />
* [[Securing online services]]<br />
* [[BitCoins Mobile]] provides accurate up to date pricing from multiple exchanges from your Apple iPad, iPhone, or iPod Touch.<br />
* [[Bitcoin PayFlow]] automates the process for accepting bitcoins<br />
* [[Lazy API]] The lazy (and possibly easiest?) way to accept bitcoin payments on your website<br />
<br />
[[Category:ECommerce]]<br />
[[Category:Local]]<br />
<br />
[[de:Bitcoin_als_Geschäft_akzeptieren]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=58439CoinCorner2015-08-21T11:09:23Z<p>Coincorner: Updated "Merchant Tools" section</p>
<hr />
<div>{{Infobox company<br />
| name = CoinCorner Ltd.|image=[[File:CoinCorner_Logo.png|256px]]<br />
| logo_caption = <br />
| industry = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]<br />
| foundation = June 2014<br />
| founder = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown<br />
| location = {{{Isle of Man}}}<br />
| location = Douglas, Isle of Man<br />
| website = [https://www.coincorner.com www.coincorner.com]<br />
}}<br />
<br />
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man].<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Overview==<br />
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> Users can purchase bitcoins a number of ways, including via bank transfer, credit card and debit card.<ref>[https://www.coincorner.com/BitcoinExchange "All About CoinCorner Bitcoin Exchange"], CoinCorner.</ref><br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Products and Services==<br />
*Exchange<br />
*[[Browser-based wallet|eWallet]]<br />
*Mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone])<br />
*[[Bitcoin Affiliate Programs|Affiliate Program]] <br />
<br />
==Transactions==<br />
*Buy/sell bitcoins<br />
*Send/receive bitcoins<br />
<br />
==Fees==<br />
*There are no fees for depositing, withdrawing or storing bitcoins.<br />
*There is a 1% fee for buying and selling bitcoins.<br />
<br />
The complete list of fees are available on the [https://www.coincorner.com/Fees website].<br />
<br />
==Merchant Tools==<br />
*Payment gateway<br />
*Payment buttons<br />
*Payouts<br />
*Point of Sale solution<br />
<br />
==History==<br />
The development of the platform began in May 2014.<br />
<br />
CoinCorner was founded on 18 June 2014.<br />
<br />
In July 2014, the exchange went live for trading.<br />
<br />
CoinCorner launched Phase 2 in September 2014, which included:<br />
* Public/Private APIs<br />
* Mobile Cloud Wallets for iOS and Android.<br />
* Point of Sale App and Terminal <br />
* Merchant Gateway for Ecommerce<br />
* Company Billing<br />
<br />
In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.<br />
<br />
The Company received an undisclosed amount of funding from a private investor.<br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man. <br />
<br />
==Bitcoin and the Isle of Man==<br />
<br />
The Isle of Man has welcomed Bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling [https://en.wikipedia.org/wiki/Business_Insider Business Insider], "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==See Also==<br />
* [[Buying bitcoins]]<br />
* [[Selling bitcoins]]<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com CoinCorner website] <br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]<br />
[[Category:Shopping_Cart_Interfaces]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Merchant_Howto&diff=58438Merchant Howto2015-08-21T11:07:41Z<p>Coincorner: Added CoinCorner to "Services"</p>
<hr />
<div>{{merge|How to accept Bitcoin, for small businesses}}<br />
<br />
Accepting Bitcoins is easy, and there are several ways to do it.<br />
<br />
==Manually==<br />
# Download a bitcoin client<br />
# When a customer wants to buy something, send them a Bitcoin address where their payment should be sent.<br />
#* You can do this by clicking "New.." next to your address in the Bitcoin client and sending that address to the customer.<br />
# When payment comes in to that address, send the goods to your customer. Depending on the value of what you're selling, you may wish to wait until the payment shows Confirmed.<br />
# To issue a refund, obtain from the customer the [[Address|bitcoin address]] where the refund payment should be sent. The refund address will likely be different from the address used when the customer sent payment, especially if an [[EWallet]] was used by the customer.<br />
<br />
==Automated==<br />
===Pre-generating Bitcoin addresses===<br />
You can accept Bitcoins on your website without needing to use Bitcoin APIs or third party services if you pre-generate a large number of receiving Bitcoin addresses and store them in a database on your web server, and dispense them one-by-one to customers when they are ready to pay. This way, your web server never actually handles the bitcoins - it simply gives out addresses belonging to a wallet you maintain elsewhere. By using a unique address per order, you will always know which payment belongs to which order. [https://www.casascius.com Example of website using this method]<br />
<br />
To pre-generate addresses, use a tool such as [[Pywallet]] (which can generate a wallet.dat file) or [[Bitcoin Address Utility]] (which can generate a CSV file). In both cases, you will be generating a list of [[Address|Bitcoin address]]es along with their corresponding [[private key]]s. Only the Bitcoin addresses (not the private keys) should be loaded on the web server.<br />
<br />
If you are shipping goods manually, you can use the Bitcoin software to check for incoming payments, or alternately consider using [[Block Explorer]] or [[Abe]] to verify payment when you're about to ship. To make this easy, make your website provide you a full hyperlink that includes the proper receiving address: ht<nowiki>tp://www</nowiki>.blockexplorer.com/address/ADDRESSGOESHERE.<br />
<br />
If you are delivering digital goods or services and want to be able to deliver instantly upon payment and/or confirmation, you can use a third-party service such as [[Bitcoin Notify]] to tell your website when a payment has been received. This sort of service requires no significant API implementation - they will simply make a POST to your website or send you an e-mail when a payment has been received on one of your addresses.<br />
<br />
If you keep Bitcoins off your web server, this ensures your wallet cannot be stolen if your web server experiences a security intrusion. Your risk becomes limited to the possibility that a successful intruder could add his own addresses to your address pool and steal funds from a few incoming orders until you detect the problem, however, this is a [[Deterministic_wallet|relatively controllable risk]].<br />
<br />
===Using offchain payment networks===<br />
<br />
[[Off-Chain_Transactions|Off chain]] networks provides various benefits to Bitcoin, such as instant confirmations and protection against double spending.<br />
<br />
===Using a third-party plugin===<br />
You can use an existing [[:Category:Shopping Cart Interfaces|shopping cart interface]] from a 3rd party to automatically handle all Bitcoin payments on your website. If you want to develop the system yourself, you can utilize the Bitcoin client's [[API tutorial (JSON-RPC)|JSON-RPC API]] to automatically accept payments.<br />
<br />
Things to note if you build it yourself:<br />
# When a customer orders something on your website it records:<br />
#* Bitcoin address that payment should be sent to<br />
#* Order details (delivery address etc.)<br />
#* Customer's refund address (optional - if you wish you can ask for this later, only in cases a refund is required)<br />
#* Payment amount<br />
# When payment arrives, checks that they have paid the correct amount or not, and informs you<br />
#* You dispatch the goods to the customer and mark the order as fulfilled<br />
#* If you cannot dispatch the goods you mark the order as denied and ask the customer for a refund address (unless you already have it from earlier) to send a refund.<br />
# Forwards the funds to bitcoin address of your choice<br />
<br />
===If You have a retail business and do not have internet or smart phone===<br />
You can still accept Bitcoin. [https://easybitz.com/merchant] EasyBitz.com has a very simple way to accept bitcoin with just a print out and a phone that gets sms text messages.<br />
<br />
[[File:Easybitz bitcoin pointofsale.png|400 px|alt=Accept Bitcoin without internet|EasyBitz ZeroClick System|link=https://easybitz.com/merchant]]<br />
<br />
===Businesses that mail invoices===<br />
Does your business send out invoices to customers? Adding one line may make a huge impact for the Bitcoin economy. Perhaps you list it as a payment option just after Visa, MasterCard, and American Express, even if that means your customer must call or e-mail to make a payment. However it is possible to create automated invoices by using known payment systems supporting invoicing, and recurring invoice setup.<br />
<br />
==Common Errors==<br />
It has been observed on occasion that a business funnels all its orders through the same Bitcoin address, and asks people to send some BTC, then send email describing the timing and the amount of the transaction to 'claim' it. This is '''not''' secure, since anyone can see the transaction details using a tool such as [[Block Explorer]], and then try to claim someone else's transaction as theirs.<br />
<br />
Do not do this. Give each customer a unique Bitcoin address.<br />
<br />
==Listing your business on the Bitcoin Trade page==<br />
<br />
Anyone can add and update a listing on the [[Trade|trade]] page. Just register if you haven't and add to the appropriate category. If you'ld like assistance, perhaps someone in the [http://webchat.freenode.net/?channels=#bitcoin-marketing #bitcoin-marketing] IRC channel would be willing to assist. If you have a brick and mortar business that accepts bitcoin you can add it to the bitcoin directories. [https://easybitz.com] [http://coinmap.org] <br />
<br />
==Services==<br />
* [[File:Bitfavicon.png|20px|link=http://www.bitcoinpaygate.com]] [http://www.bitcoinpaygate.com Bitcoinpaygate] Bitcoin payment processing for the web & in store payments<br />
* [https://bitcoinpay.com BitcoinPay] Merchant solution for Bitcoin specialized in Middle Europe (Germany, Poland, Slovakia, Czech republic)<br />
* [https://www.BitKassa.nl BitKassa] Merchant solution for accepting bitcoins, getting euro's. No fee. The Netherlands.<br />
* [[BitPay]] Merchant solutions for Bitcoin<br />
* [http://www.bitpagos.net BitPagos] Payments Gateway for Latin America<br />
* [https://coinbase.com/merchants Coinbase] Offers payment buttons, pages, iframes, shopping cart integration, subscription/recurring billing, micro-transactions, and cash out to your local currency for 1%.<br />
* [https://www.coincorner.com/ForBusiness CoinCorner] - Integrate CoinCorner Checkout in to your eCommerce business using a simple plugin or the API for Bitcoin Payments. Point of Sale solution also available that allows physical retailers to easily accept bitcoin and automatically convert that to fiat, removing the risk of holding bitcoins.<br />
* [[File:Coinkite.gif|20px|link=https://coinkite.com]] [https://coinkite.com/faq/terminal Coinkite] Secure wallet multisig, payment buttons, invoice pages, hardware POS terminals, and Debit-Cards.<br />
* [https://cryptopay.me/ Cryptopay] Bitcoin merchant payment processing. UK-based, serving UK and EU clients.<br />
* [http://www.dcpos.com DC POS] A Bitcoin browser-based Point-of-Sale app. It is hardware, OS, wallet, and browser agnostic. 0.5% transaction fee.<br />
* [[Coinify]] Merchant solutions for Bitcoin<br />
* [[File:Easybitz.png|20px|link=https://easybitz.com]] [https://easybitz.com EasyBitz] Bitcoin for Retail worldwide. ZeroClick requires only SMS. POS works on SmartPhones and Tablets. Live Transaction Global Map. No fees.<br />
* [http://www.fraudlabspro.com/ FraudLabs Pro] Fraud screening service for online merchants. Support transactions using Bitcoin as payment method.<br />
* [[File:gocoin-logo.png|20px|link=https://www.gocoin.com]] [[GoCoin]] International Payment Processing for Bitcoin<br />
* [https://gourl.io Gourl.io] Bitcoin Payment Gateway with ready to use php scripts - Pay-Per-Download, Pay-Per-Product, Pay-Per-Registration.<br />
* [[File:inpay_favicon.png|link=https://inpay.pl/?lang=en]] [https://inpay.pl/?lang=en InPay.pl] InPay was created to enable entrepreneurs to accept Bitcoin in PLN, EUR and USD. <br />
* [[File:MCS_200by200_logo-01.png|20px|link=http://www.mycoinsolution.com]][http://www.mycoinsolution.com My Coin Solution] - Bitcoin consulting services and solutions<br />
* [https://xbterminal.com/ XBTerminal] Brick-and-mortar hardware POS terminals with payment processing integrations.<br />
* [[File:Payful.png|20px|link=http://payful.io]] [http://payful.io Payful] Accept bitcoin - point of sale, shopping cart plugins and API. Supports payment processing in US dollars, Euros and Canadian dollars.<br />
* [http://paysius.com Paysius] Allows merchants to easily and securely accept Bitcoin payments on their website<br />
<br />
==See Also==<br />
* [[In-store Transactions]]<br />
* [[:Category:Shopping Cart Interfaces|Shopping Cart Interfaces]]<br />
* [[Securing online services]]<br />
* [[Bitcoin Evolution]] handles sales tracking and order forms; requires Bitcoin client for actual payment<br />
* [[Bitcoin API Services]] an easy solution for securely accepting Bitcoins and updating BTC prices<br />
* [[Converter|Bitcoin Javascript Converter]] displays a price in BTCs after converting from USDs.<br />
* [[How to accept Bitcoin, for small businesses]]<br />
* [[:Category:Marketing|Marketing]]<br />
* [[URI Scheme]]<br />
* [[Promotional graphics]], buttons and logos<br />
* [https://github.com/cryptoapi/Payment-Gateway GoUrl Bitcoin Payment API] open source php payment api on Github.com<br />
* [[Lazy API]] The lazy (and possibly easiest?) way to accept bitcoin payments on your website<br />
* [http://snowcron.com Snowcron] Bitcoin Store Engine: Handles payments, sends your customers information they ordered (reg. codes, passwords...) No web programming required.<br />
[[Category:ECommerce]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=58416CoinCorner2015-08-20T15:42:28Z<p>Coincorner: Edited layout of page and references, updated infobox,</p>
<hr />
<div>{{Infobox company<br />
| name = CoinCorner Ltd.|image=[[File:CoinCorner_Logo.png|256px]]<br />
| logo_caption = <br />
| industry = [[Exchange|Bitcoin exchange]], [[eWallet|eWallet]]<br />
| foundation = June 2014<br />
| founder = Daniel Scott<br />Phil Collins<br />Charlie Woolnough<br />David Brown<br />
| location = {{{Isle of Man}}}<br />
| location = Douglas, Isle of Man<br />
| website = [https://www.coincorner.com www.coincorner.com]<br />
}}<br />
<br />
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man].<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Overview==<br />
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> Users can purchase bitcoins a number of ways, including via bank transfer, credit card and debit card.<ref>[https://www.coincorner.com/BitcoinExchange "All About CoinCorner Bitcoin Exchange"], CoinCorner.</ref><br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref>[https://www.coincorner.com/FAQs "FAQs"], CoinCorner.</ref><br />
<br />
==Products and Services==<br />
*Exchange<br />
*eWallet<br />
*Mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone])<br />
*Payment gateway<br />
*Point of sale application<br />
<br />
==Transactions==<br />
*Buy/sell bitcoins<br />
*Send/receive bitcoins<br />
<br />
==Fees==<br />
*There are no fees for depositing, withdrawing or storing bitcoins.<br />
*There is a 1% fee for buying and selling bitcoins.<br />
<br />
The complete list of fees are available on the [https://www.coincorner.com/Fees website].<br />
<br />
==Merchant Tools==<br />
*Payment buttons<br />
*Payment pages<br />
*Payouts<br />
*API available<br />
<br />
==History==<br />
The development of the platform began in May 2014.<br />
<br />
CoinCorner was founded on 18 June 2014.<br />
<br />
In July 2014, the exchange went live for trading.<br />
<br />
CoinCorner launched Phase 2 in September 2014, which included:<br />
* Public/Private APIs<br />
* Mobile Cloud Wallets for iOS and Android.<br />
* Point of Sale App and Terminal <br />
* Merchant Gateway for Ecommerce<br />
* Company Billing<br />
<br />
In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.<br />
<br />
The Company received an undisclosed amount of funding from a private investor.<br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man. <br />
<br />
==Bitcoin and the Isle of Man==<br />
<br />
The Isle of Man has welcomed Bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling [https://en.wikipedia.org/wiki/Business_Insider Business Insider], "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==See Also==<br />
* [[Buying bitcoins]]<br />
* [[Selling bitcoins]]<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com CoinCorner website] <br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=58415CoinCorner2015-08-20T14:02:21Z<p>Coincorner: Added categories: mobile and eCommerce</p>
<hr />
<div>{{infobox company|name=CoinCorner, Ltd.|image=[[File:CoinCorner_Logo.png|256px]]<br />
|industry=[[exchange]], [[eWallet]]<br />
|founder(s)=Daniel Scott, Phil Collins, Charlie Woolnough, David Brown<br />
|founded=June 2014<br />
|headquarters=Douglas, Isle of Man<br />
|website=[https://www.coincorner.com www.coincorner.com]<br />
}}<br />
<br />
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. It was founded in June 2014 by Daniel Scott, David Brown, Phil Collins and Charlie Woolnough as a solution to the problem of wanting to buy Bitcoin in the [https://en.wikipedia.org/wiki/United_Kingdom United Kingdom].<ref>[https://www.coincorner.com/About About], CoinCorner.</ref> The Company was self-funded for the first 10 months, but has since raised an undisclosed amount of funding from a private investor. <br />
<br />
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> It currently accepts deposits via bank transfer, credit and debit card and claims to be “Arguably the easiest to use Bitcoin exchange in the world”,<ref name="CoinCorner Bitcoin Exchange">[https://www.coincorner.com/BitcoinExchange CoinCorner Bitcoin Exchange], CoinCorner.</ref> with two simple entries and one-click trading. <br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref name="CoinCorner Bitcoin Exchange" /><br />
<br />
It currently offers an exchange, mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone]), Bitcoin Payment Gateway and Point of Sale application <ref>[https://www.coincorner.com/ Home], CoinCorner.</ref>.<br />
<br />
==History==<br />
The development of the platform began in May 2014 with a team of 3.<br />
<br />
CoinCorner was founded on 18 June 2014.<br />
<br />
In July 2014, the CoinCorner team expanded to 5 employees as the exchange went live for trading.<br />
<br />
CoinCorner launched Phase 2 in September 2014, which included:<br />
* Public/Private APIs<br />
* Mobile Cloud Wallets for iOS and Android.<br />
* Point of Sale App and Terminal <br />
* Merchant Gateway for Ecommerce<br />
* Company Billing<br />
<br />
In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.<br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man. The Company received an undisclosed amount of funding from a private investor and expanded the team to 7 employees.<br />
<br />
==Bitcoin and the Isle of Man==<br />
<br />
The Isle of Man has welcomed Bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling [https://en.wikipedia.org/wiki/Business_Insider Business Insider], "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com Official website]<br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]<br />
[[Category:Mobile]]<br />
[[Category:ECommerce]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=58414CoinCorner2015-08-20T12:25:47Z<p>Coincorner: Added CoinCorner logo to infobox</p>
<hr />
<div>{{infobox company|name=CoinCorner, Ltd.|image=[[File:CoinCorner_Logo.png|256px]]<br />
|industry=[[exchange]], [[eWallet]]<br />
|founder(s)=Daniel Scott, Phil Collins, Charlie Woolnough, David Brown<br />
|founded=June 2014<br />
|headquarters=Douglas, Isle of Man<br />
|website=[https://www.coincorner.com www.coincorner.com]<br />
}}<br />
<br />
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. It was founded in June 2014 by Daniel Scott, David Brown, Phil Collins and Charlie Woolnough as a solution to the problem of wanting to buy Bitcoin in the [https://en.wikipedia.org/wiki/United_Kingdom United Kingdom].<ref>[https://www.coincorner.com/About About], CoinCorner.</ref> The Company was self-funded for the first 10 months, but has since raised an undisclosed amount of funding from a private investor. <br />
<br />
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> It currently accepts deposits via bank transfer, credit and debit card and claims to be “Arguably the easiest to use Bitcoin exchange in the world”,<ref name="CoinCorner Bitcoin Exchange">[https://www.coincorner.com/BitcoinExchange CoinCorner Bitcoin Exchange], CoinCorner.</ref> with two simple entries and one-click trading. <br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref name="CoinCorner Bitcoin Exchange" /><br />
<br />
It currently offers an exchange, mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone]), Bitcoin Payment Gateway and Point of Sale application <ref>[https://www.coincorner.com/ Home], CoinCorner.</ref>.<br />
<br />
==History==<br />
The development of the platform began in May 2014 with a team of 3.<br />
<br />
CoinCorner was founded on 18 June 2014.<br />
<br />
In July 2014, the CoinCorner team expanded to 5 employees as the exchange went live for trading.<br />
<br />
CoinCorner launched Phase 2 in September 2014, which included:<br />
* Public/Private APIs<br />
* Mobile Cloud Wallets for iOS and Android.<br />
* Point of Sale App and Terminal <br />
* Merchant Gateway for Ecommerce<br />
* Company Billing<br />
<br />
In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.<br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man. The Company received an undisclosed amount of funding from a private investor and expanded the team to 7 employees.<br />
<br />
==Bitcoin and the Isle of Man==<br />
<br />
The Isle of Man has welcomed Bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling [https://en.wikipedia.org/wiki/Business_Insider Business Insider], "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com Official website]<br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=File:CoinCorner_Logo.png&diff=58413File:CoinCorner Logo.png2015-08-20T12:22:13Z<p>Coincorner: </p>
<hr />
<div></div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=CoinCorner&diff=58412CoinCorner2015-08-20T12:19:31Z<p>Coincorner: Creation of CoinCorner page</p>
<hr />
<div>{{infobox company|name=CoinCorner, Ltd.<br />
|industry=[[exchange]], [[eWallet]]<br />
|founder(s)=Daniel Scott, Phil Collins, Charlie Woolnough, David Brown<br />
|founded=June 2014<br />
|headquarters=Douglas, Isle of Man<br />
|website=[https://www.coincorner.com www.coincorner.com]<br />
}}<br />
<br />
'''CoinCorner''' is a universal [[Bitcoin]] solutions provider, based in the [https://en.wikipedia.org/wiki/Isle_of_Man Isle of Man]. It was founded in June 2014 by Daniel Scott, David Brown, Phil Collins and Charlie Woolnough as a solution to the problem of wanting to buy Bitcoin in the [https://en.wikipedia.org/wiki/United_Kingdom United Kingdom].<ref>[https://www.coincorner.com/About About], CoinCorner.</ref> The Company was self-funded for the first 10 months, but has since raised an undisclosed amount of funding from a private investor. <br />
<br />
CoinCorner launched as the first [[Exchanges|Bitcoin exchange]] on the Isle of Man.<ref>[http://www.coindesk.com/coincorner-launches-isle-mans-first-cryptocurrency-exchange/ "CoinCorner Launches as Isle of Man's First Cryptocurrency Exchange"], CoinDesk.</ref> It currently accepts deposits via bank transfer, credit and debit card and claims to be “Arguably the easiest to use Bitcoin exchange in the world”,<ref name="CoinCorner Bitcoin Exchange">[https://www.coincorner.com/BitcoinExchange CoinCorner Bitcoin Exchange], CoinCorner.</ref> with two simple entries and one-click trading. <br />
<br />
CoinCorner is focused on security and keeps over 90% of customer funds in [[cold storage]] as well as offering [https://en.wikipedia.org/wiki/Two-factor_authentication two-stage authentication] to all users.<ref name="CoinCorner Bitcoin Exchange" /><br />
<br />
It currently offers an exchange, mobile wallet (for [https://en.wikipedia.org/wiki/Android_(operating_system) Android], [https://en.wikipedia.org/wiki/IOS iOS] and [https://en.wikipedia.org/wiki/Windows_Phone Windows Phone]), Bitcoin Payment Gateway and Point of Sale application <ref>[https://www.coincorner.com/ Home], CoinCorner.</ref>.<br />
<br />
==History==<br />
The development of the platform began in May 2014 with a team of 3.<br />
<br />
CoinCorner was founded on 18 June 2014.<br />
<br />
In July 2014, the CoinCorner team expanded to 5 employees as the exchange went live for trading.<br />
<br />
CoinCorner launched Phase 2 in September 2014, which included:<br />
* Public/Private APIs<br />
* Mobile Cloud Wallets for iOS and Android.<br />
* Point of Sale App and Terminal <br />
* Merchant Gateway for Ecommerce<br />
* Company Billing<br />
<br />
In October 2014, CoinCorner announced that customers could deposit via credit card and debit card.<ref>[http://www.coindesk.com/coincorner-now-accepts-debit-credit-cards-bitcoin-purchases/ "CoinCorner Now Accepts Debit and Credit Cards for Bitcoin Purchases"], CoinDesk.</ref><br />
<br />
In January 2015, CoinCorner moved to offices in [https://en.wikipedia.org/wiki/Douglas,_Isle_of_Man Douglas], in the centre of the Isle of Man’s business district.<br />
<br />
The Isle of Man introduced regulations for digital currency businesses on 1st April 2015,<ref>[http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/ "Isle of Man Introduces Regulation for Bitcoin Businesses"], CoinDesk.</ref> and CoinCorner became the first cryptocurrency exchange in the world to fall under the Proceeds of Crime Act 2008 on the Isle of Man. The Company received an undisclosed amount of funding from a private investor and expanded the team to 7 employees.<br />
<br />
==Bitcoin and the Isle of Man==<br />
<br />
The Isle of Man has welcomed Bitcoin-related businesses,<ref>[http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/ "Isle of Man Welcomes Digital Currency Exchanges 'No License Required'"], CoinDesk.</ref> with Head of e-commerce for the Isle of Man, Peter Greenhill, telling [https://en.wikipedia.org/wiki/Business_Insider Business Insider], "The aim is to be the most attractive place in the world for cryptocurrency companies to work from."<ref>[http://www.businessinsider.com/the-isle-of-mans-plan-become-bitcoin-fintech-paradise-2015-3 "Here's the Isle of Man's plan to become a Bitcoin paradise"], Business Insider.</ref><br />
<br />
The [https://en.wikipedia.org/wiki/Isle_of_Man_Government Isle of Man Government] amended the Proceeds of Crime Act 2008, introducing regulations to cover Bitcoin companies, including exchanges, operating on the island from 1 April 2015. They believe that "A combination of regulation and encouragement can not only reverse Bitcoin's reputation, but also push it towards the mainstream."<ref>[http://www.bbc.co.uk/news/business-32394170 "Bitcoin Island: cleaning up the crypto currency"], BBC.</ref> These businesses must now comply with the Isle of Man’s anti-money laundering (AML) laws.<br />
<br />
==References==<br />
<references/><br />
<br />
==External links==<br />
[https://www.coincorner.com Official website]<br />
<br />
[[Category:Exchanges]]<br />
[[Category:eWallets]]</div>Coincornerhttps://tests.bitcoin.it/w/index.php?title=Help:FAQ&diff=57883Help:FAQ2015-07-23T08:24:52Z<p>Coincorner: added coincorner under 'how do I get bitcoins?'</p>
<hr />
<div>Here you will find answers to the most commonly asked questions.<br />
<br />
== General ==<br />
=== What is Bitcoin? ===<br />
Bitcoin is a distributed peer-to-peer digital currency that can be transferred instantly and securely between any two people in the world. It's like electronic cash that you can use to pay friends or merchants.<br />
<br />
=== What are bitcoins? ===<br />
Bitcoins are the unit of currency of the Bitcoin system. A commonly used shorthand for this is “BTC” to refer to a price or amount (e.g. “100 BTC”).<br />
There are such things as [[physical bitcoins]], but ultimately, a bitcoin is just a number associated with a [[Address|Bitcoin Address]]. A physical bitcoin is simply an object, such as a coin, with the number carefully embedded inside. See also an [[Introduction|easy intro]] to Bitcoin.<br />
<br />
=== How can I get bitcoins? ===<br />
<br />
There are a variety of ways to acquire bitcoins:<br />
* You can buy bitcoins from [https://www.coinbase.com/buy-bitcoin?r=createwallet Coinbase], [http://cubits.com/ Cubits], [https://www.coincorner.com CoinCorner] [[File:BIPS.gif|20px|link=https://bipsmarket.com]] [https://bipsmarket.com BIPS Market] or [http://gocelery.com/ Celery] .<br />
* Accept bitcoins as payment for goods or services.<br />
* The most common way to buy bitcoins are the [[Buying bitcoins|Bitcoin Exchanges]]<br />
* Visit [http://bitcoinx.io bitcoinx.io] for peer-to-peer ratings and reviews of bitcoin exchanges to see where to buy bitcoins<br />
* There are several services where you can [[Buying_Bitcoins_(the_noob_version)|trade them]] for traditional currency.<br />
* Find someone to trade cash for bitcoins in-person through a [https://en.bitcoin.it/wiki/Category:Directories local directory].<br />
* Participate in a [[Pooled mining|mining pool]].<br />
* If you have a lot of mining hardware, you can solo mine and attempt to create a new [[block]] (currently yields 25 bitcoins plus transaction fees).<br />
* Visit sites that provide [[Trade#Free_Samples_and_Offers|free samples and offers]].<br />
* Visit [http://wheretobuycryptocoins.com WhereToBuyCryptoCoins.com] to get a guide how to start with bitcoins and cryptocurrency in general. Shows a list of markets, faucets, exchanges, miner's pools and more.<br />
<br />
===Does Bitcoin guarantee an influx of free money?===<br />
<br />
Since Bitcoin is a new technology, what it is and how it works may be initially unclear. Bitcoin is sometimes presented as being one of three things:<br />
<ol style="list-style-type: upper-alpha;"><br />
<li>Some sort of online 'get-rich-quick' scam.</li><br />
<li>A loophole in the market economy, the installation of which guarantees a steady influx of cash.</li><br />
<li>A sure investment that will almost certainly yield a profit.</li><br />
</ol><br />
In fact, none of the above are true. Let's look at them independently.<br />
<br />
;Is Bitcoin a 'get-rich-quick' scheme?<br />
:If you've spent much time on the Internet, you've probably seen ads for many 'get-rich-quick' schemes. These ads usually promise huge profits for a small amounts of easy work. Such schemes are usually pyramid/matrix-style schemes that make money from their own employees and offer nothing of any real value. Most convince one to buy packages that will make them earn hundreds a day, which in fact have the buyer distribute more such ads, and make minute profits.<br />
<br />
:Bitcoin is in no way similar to these schemes. Bitcoin doesn't promise windfall profits. There is no way for the developers to make money from your involvement or to take money from you. That bitcoins are nearly impossible to acquire without the owner's consent represents one of its greatest strengths. Bitcoin is an experimental, virtual currency that may succeed or may fail. None of its developers expect to get rich off of it. <br />
<br />
:A more detailed answer to this question can be found [http://bitcointalk.org/?topic=7815.0 here].<br />
<br />
;Will I make money by installing the client?<br />
:Most people who use Bitcoin don't earn anything by doing so, and the default client has no built-in way to earn Bitcoins. A small minority of people with dedicated, high-performance hardware do earn some Bitcoins by "''mining''" (generating new bitcoins, see [[#What is mining?|What is mining?]]) with special software, but joining Bitcoin shouldn't be construed as being the road to riches. Most Bitcoin users get involved because they find the project conceptually interesting and don't earn anything by doing so. This is also why you won't find much speculation about the political or economic repercussions of Bitcoin anywhere on this site: Bitcoin developers owe their dedication to the project's intellectual yieldings more than to those of a monetary nature. Bitcoin is still taking its first baby steps; it may go on to do great things but right now it only has something to offer those chasing conceptually interesting projects or bleeding edge technology.<br />
<br />
;As an investment, is Bitcoin a sure thing?<br />
:Bitcoin is a new and interesting electronic currency, the value of which is not backed by any single government or organization. Like other currencies, it is worth something partly because people are willing to trade it for goods and services. Its exchange rate fluctuates continuously, and sometimes wildly. It lacks wide acceptance and is vulnerable to manipulation by parties with modest funding. Security incidents such as website and account compromise may trigger major sell-offs. Other fluctuations can build into positive feedback loops and cause much larger exchange rate fluctuations. Anyone who puts money into Bitcoin should understand the risk they are taking and consider it a high-risk currency. Later, as Bitcoin becomes better known and more widely accepted, it may stabilize, but for the time being it is unpredictable. Any investment in Bitcoin should be done carefully and with a clear plan to manage the risk.<br />
<br />
=== Can I buy bitcoins with Paypal? ===<br />
<br />
It is possible to buy [[physical bitcoins]] with PayPal but it is otherwise difficult and/or expensive to do so for non-physical bitcoins, because of significant risk to the seller. <br />
<br />
While it is possible to find an individual who wishes to sell Bitcoin to you via Paypal, (perhaps via [http://www.bitcoin-otc.com/ #bitcoin-otc] ) most exchanges do not allow funding through PayPal. This is due to repeated cases where someone pays for bitcoins with Paypal, receives their bitcoins, and then fraudulently complains to Paypal that they never received their purchase. PayPal often sides with the fraudulent buyer in this case, which means any seller needs to cover that risk with higher fees or refuse to accept PayPal altogether.<br />
<br />
Buying Bitcoins from individuals this way is still possible, but requires the seller to have some trust that the buyer will not file a claim with PayPal to reverse the payment.<br />
<br />
=== Where can I find a forum to discuss Bitcoin? ===<br />
<br />
Please visit the [[Bitcoin Wiki:Community_portal#Bitcoin_Community_Forums_on_various_platforms|Community Portal]] for links to Bitcoin-related forums.<br />
<br />
=== How are new bitcoins created? ===<br />
<br />
New bitcoins are generated by the network through the process of "[[#What is mining?|''mining'']]". In a process that is similar to a continuous raffle draw, mining nodes on the network are awarded bitcoins each time they find the solution to a certain mathematical problem (and thereby create a new [[block]]). Creating a block is a [[proof of work]] with a difficulty that varies with the overall strength of the network. The reward for solving a block is [[Controlled Currency Supply|automatically adjusted]] so that, ideally, every four years of operation of the Bitcoin network, half the amount of bitcoins created in the prior 4 years are created. A maximum of {{formatnum:10499889.80231183}} bitcoins were created in the first 4 (approx.) years from January 2009 to November 2012. Every four years thereafter this amount halves, so it should be {{formatnum:5250000}} over years 4-8, {{formatnum:2625000}} over years 8-12, and so on. Thus the total number of bitcoins in existence can never exceed {{formatnum:20999839.77085749}} and counting. See [[Controlled Currency Supply]].<br />
<br />
Blocks are [[Mining|mined]] every 10 minutes, on average and for the first four years ({{formatnum:210000}} blocks) each block included 50 new bitcoins. As the amount of processing power directed at mining changes, the difficulty of creating new bitcoins changes. This difficulty factor is calculated every 2016 blocks and is based upon the time taken to generate the previous 2016 blocks. See [[Mining]].<br />
<br />
=== What's the current total number of bitcoins in existence? ===<br />
<br />
[http://blockexplorer.com/q/totalbc Current count]. Also see [https://blockchain.info/charts/total-bitcoins Total bitcoins in circulation chart]<br />
<br />
The number of blocks times the coin value of a block is the number of coins in existence. The coin value of a block is 50 BTC for each of the first {{formatnum:210000}} blocks, 25 BTC for the next {{formatnum:210000}} blocks, then 12.5 BTC, 6.25 BTC and so on.<br />
<br />
=== How divisible are bitcoins? ===<br />
<br />
A bitcoin can be divided down to 8 decimal places. Therefore, 0.00000001 BTC is the smallest amount that can be handled in a transaction. If necessary, the protocol and related software can be modified to handle even smaller amounts.<br />
<br />
=== What do I call the various denominations of bitcoin? ===<br />
<br />
Unlike most currencies, Bitcoin amounts are highly divisible. This has led to a desire to create names for smaller denominations of bitcoin amounts, especially since transactions involving whole bitcoins are no longer quite so common. Bitcoin is decentralized, so there is no organization that can set official names for units. Therefore, there are many different units with varying degrees of popularity. As of 2014, the most common units are bitcoins, bits, and satoshi: 1 bitcoin = 1 000 000.00 bits = 100 000 000 satoshi.<br />
<br />
The '''bitcoin''' (abbreviated '''BTC''' or '''XBT''') is the unit that was used in the original Bitcoin wallet software created by [[Satoshi Nakamoto]]. There is nothing particularly special about this unit, but it is by far the most common unit due to tradition.<br />
<br />
The smallest value that the Bitcoin network supports sending is the '''[[satoshi (unit)|satoshi]]''' (sometimes abbreviated '''sat'''), one hundred-millionth (0.000 000 01) of a bitcoin. In other words, the network does not support sending fractions of a satoshi. Since it is a hard limit, it seems natural to use it as a unit, though it currently has very little value. The unit was named in honor of Bitcoin's creator after he left -- he was not so vain as to name a unit after himself. The plural of satoshi is satoshi: "Send me 100 satoshi".<br />
<br />
Another common unit is the '''[[bit (unit)|bit]]''', one millionth (0.000 001) of a bitcoin. This unit is the same as a microbitcoin (μBTC). Bits are seen by some as especially logical because they have two-decimal precision like most fiat currencies. You can send 1.23 bits, but not 1.234 bits due to the network's limited precision.<br />
<br />
It is also fairly common to use SI prefixes:<br />
<br />
* 0.01 BTC = 1 cBTC = 1 centibitcoin (also referred to as bitcent)<br />
* 0.001 BTC = 1 mBTC = 1 millibitcoin (also referred to as mbit (pronounced em-bit) or millibit or even bitmill)<br />
* 0.000 001 BTC = 1 μBTC = 1 microbitcoin (also referred to as ubit (pronounced yu-bit) or microbit)<br />
<br />
For an overview of all proposed units of Bitcoin (including less common and niche units), see [[Units]].<br />
<br />
Further discussion on this topic can be found on the forums here:<br />
<br />
* [https://bitcointalk.org/index.php?topic=14438.msg195287#msg195287 We need names]<br />
* [https://bitcointalk.org/index.php?topic=8282.0 What to call 0.001 BTC]<br />
<br />
=== How does the halving work when the number gets really small? ===<br />
<br />
Eventually the reward will go from 0.00000001 BTC to zero and no more bitcoins will be created. <br />
<br />
The block reward calculation is done as a right bitwise shift of a 64-bit signed integer, which means it is divided by two and rounded down. The integer is equal to the value in BTC * 100,000,000 since internally in the reference client software, all Bitcoin balances and values are stored as unsigned integers.<br />
<br />
With an initial block reward of 50 BTC, it will take many 4-year periods for the block reward to reach zero.<br />
<br />
=== How long will it take to generate all the coins? ===<br />
<br />
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.<br />
<br />
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC.<br />
<br />
=== If no more coins are going to be generated, will more blocks be created? ===<br />
<br />
Absolutely! Even before the creation of coins ends, the use of [[transaction fee|transaction fees]] will likely make creating new blocks more valuable from the fees than the new coins being created. When coin generation ends, these fees will sustain the ability to use bitcoins and the Bitcoin network. There is no practical limit on the number of blocks that will be mined in the future.<br />
<br />
=== But if no more coins are generated, what happens when Bitcoins are lost? Won't that be a problem? ===<br />
<br />
Because of the law of supply and demand, when fewer bitcoins are available the ones that are left will be in higher demand, and therefore will have a higher value. So, as Bitcoins are lost, the remaining bitcoins will eventually increase in value to compensate. As the value of a bitcoin increases, the number of bitcoins required to purchase an item '''de'''creases. This is a [[Deflationary spiral|deflationary economic model]]. As the average transaction size reduces, transactions will probably be denominated in sub-units of a bitcoin such as millibitcoins ("Millies") or microbitcoins ("Mikes").<br />
<br />
The Bitcoin protocol uses a base unit of one hundred-millionth of a Bitcoin ("a Satoshi"), but unused bits are available in the protocol fields that could be used to denote even smaller subdivisions.<br />
<br />
=== If every transaction is broadcast via the network, does Bitcoin scale? ===<br />
The Bitcoin protocol allows lightweight clients that can use Bitcoin without downloading the entire transaction history. As traffic grows and this becomes more critical, implementations of the concept will be developed. Full network nodes will at some point become a more specialized service.<br />
<br />
With some modifications to the software, full Bitcoin nodes could easily keep up with both VISA and MasterCard combined, using only fairly modest hardware (a single high end server by todays standards). It is worth noting that the MasterCard network is structured somewhat like Bitcoin itself - as a peer to peer broadcast network.<br />
<br />
Learn more about [[Scalability]].<br />
<br />
==Economy==<br />
=== Where does the value of Bitcoin stem from? What backs up Bitcoin? ===<br />
Bitcoins have value because they are useful and because they are [[Controlled Currency Supply|scarce]]. As they are accepted by more merchants, their value will [http://en.wikipedia.org/wiki/Sticky_%28economics%29 stabilize]. See the [[Trade|list of Bitcoin-accepting sites]].<br />
<br />
When we say that a currency is backed up by gold, we mean that there's a promise in place that you can exchange the currency for gold. Bitcoins, like dollars and euros, are not backed up by anything except the variety of merchants that accept them.<br />
<br />
It's a common misconception that Bitcoins gain their value from the cost of electricity required to generate them. Cost doesn't equal value – hiring 1,000 men to shovel a big hole in the ground may be costly, but not valuable. Also, even though scarcity is a critical requirement for a useful currency, it alone doesn't make anything valuable. For example, your fingerprints are scarce, but that doesn't mean they have any exchange value.<br />
<br />
Alternatively it needs to be added that while the law of supply and demand applies it does not guarantee value of Bitcoins in the future. If confidence in Bitcoins is lost then it will not matter that the supply can no longer be increased, the demand will fall off with all holders trying to get rid of their coins. An example of this can be seen in cases of state currencies, in cases when the state in question dissolves and so no new supply of the currency is available (the central authority managing the supply is gone), however the demand for the currency falls sharply because confidence in its purchasing power disappears. Of-course Bitcoins do not have such central authority managing the supply of the coins, but it does not prevent confidence from eroding due to other situations that are not necessarily predictable.<br />
<br />
=== Is Bitcoin a bubble? ===<br />
Yes, in the same way as the euro and dollar are. They only have value in exchange and have no inherent value. If everyone suddenly stopped accepting your dollars, euros or bitcoins, the "bubble" would burst and their value would drop to zero. But that is unlikely to happen: even in Somalia, where the government collapsed 20 years ago, [http://en.wikipedia.org/wiki/Somali_shilling Somali shillings] are still accepted as payment.<br />
<br />
=== Is Bitcoin a Ponzi scheme? ===<br />
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.<br />
<br />
A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters, and indeed, society as a whole, benefit from the usefulness of a stable, fast, inexpensive, and widely accepted p2p currency.<br />
<br />
The fact that early adopters benefit more doesn't alone make anything a Ponzi scheme. All good investments in successful companies have this quality.<br />
<br />
=== Doesn't Bitcoin unfairly benefit early adopters? ===<br />
Early adopters in Bitcoin are taking a risk and invested resources in an unproven technology. By so doing, they help Bitcoin become what it is now and what it will be in the future (hopefully, a ubiquitous decentralized digital currency). It is only fair they will reap the benefits of their successful investment.<br />
<br />
In any case, any bitcoin generated will probably change hands dozens of time as a medium of exchange, so the profit made from the initial distribution will be insignificant compared to the total commerce enabled by Bitcoin. Many of the earliest users of Bitcoin have traded their coins at valuations below $1 US, or other amounts which are small compared to contemporary prices.<br />
<br />
===Won't loss of wallets and the finite amount of Bitcoins create excessive deflation, destroying Bitcoin? ===<br />
Worries about Bitcoin being destroyed by deflation are not entirely unfounded. Unlike most currencies, which experience inflation as their founding institutions create more and more units, Bitcoin will likely experience gradual deflation with the passage of time. Bitcoin is unique in that only a small amount of units will ever be produced (twenty-one million to be exact), this number has been known since the project's inception, and the units are created at a predictable rate.<br />
<br />
Also, Bitcoin users are faced with a danger that doesn't threaten users of any other currency: if a Bitcoin user loses his wallet, his money is gone forever, unless he finds it again. And not just to him; it's gone completely out of circulation, rendered utterly inaccessible to anyone. As people will lose their wallets, the total number of Bitcoins will slowly decrease.<br />
<br />
Therefore, Bitcoin seems to be faced with a unique problem. Whereas most currencies inflate over time, Bitcoin will mostly likely do just the opposite. Time will see the irretrievable loss of an ever-increasing number of Bitcoins. An already small number will be permanently whittled down further and further. And as there become fewer and fewer Bitcoins, the laws of supply and demand suggest that their value will probably continually rise.<br />
<br />
Thus Bitcoin is bound to once again stray into mysterious territory, because no one exactly knows what happens to a currency that grows continually more valuable. Many economists claim that a low level of inflation is a good thing for a currency, but nobody is quite sure about what might happens to one that continually deflates. Although deflation could hardly be called a rare phenomenon, steady, constant deflation is unheard of. There may be a lot of speculation, but no one has any hard data to back up their claims.<br />
<br />
That being said, there is a mechanism in place to combat the obvious consequences. Extreme deflation would render most currencies highly impractical: if a single Canadian dollar could suddenly buy the holder a car, how would one go about buying bread or candy? Even pennies would fetch more than a person could carry. Bitcoin, however, offers a simple and stylish solution: infinite divisibility. Bitcoins can be divided up and trade into as small of pieces as one wants, so no matter how valuable Bitcoins become, one can trade them in practical quantities. <br />
<br />
In fact, infinite divisibility should allow Bitcoins to function in cases of extreme wallet loss. Even if, in the far future, so many people have lost their wallets that only a single Bitcoin, or a fraction of one, remains, Bitcoin should continue to function just fine. No one can claim to be sure what is going to happen, but deflation may prove to present a smaller threat than many expect.<br />
<br />
For more information, see the [[Deflationary spiral]] page.<br />
<br />
=== What if someone bought up all the existing Bitcoins? ===<br />
Bitcoin markets are competitive -- meaning the price of a bitcoin will rise or fall depending on supply and demand at certain price levels. Only a fraction of bitcoins issued to date are found on the exchange markets for sale. So even though technically, a buyer with lots of money could buy all the bitcoins offered for sale, unless those holding the rest of the bitcoins offer them for sale as well, even the wealthiest, most determined buyer can't get at them.<br />
<br />
Additionally, new currency continues to be issued daily and will continue to do so for decades; though over time the rate at which they are issued declines to insignificant levels. Those who are mining aren't obligated to sell their bitcoins so not all bitcoins will make it to the markets even.<br />
<br />
This situation doesn't suggest, however, that the markets aren't vulnerable to price manipulation. It doesn't take significant amounts of money to move the market price up or down, and thus Bitcoin remains a volatile asset.<br />
<br />
===What if someone creates a new block chain, or a new digital currency that renders Bitcoin obsolete?===<br />
<br />
That the block chain cannot be easily forked represents one of the central security mechanisms of Bitcoin. Given the choice between two block chains, a Bitcoin miner always chooses the longer one - that is to say, the one with the more complex hash. Thusly, it ensures that each user can only spend their bitcoins once, and that no user gets ripped off.<br />
<br />
As a consequence of the block chain structure, there may at any time be many different sub-branches, and the possibility always exists of a transaction being over-written by the longest branch, if it has been recorded in a shorter one. The older a transaction is though, the lower its chances of being over-written, and the higher of becoming permanent. Although the block chain prevents one from spending more Bitcoins than one has, it means that transactions can be accidentally nullified. <br />
<br />
A new block chain would leave the network vulnerable to [[double-spending|double-spend]] attacks. However, the creation of a viable new chain presents considerable difficulty, and the possibility does not present much of a risk.<br />
<br />
Bitcoin will always choose the longer Block Chain and determines the relative length of two branches by the complexities of their hashes. Since the hash of each new block is made from that of the block preceding it, to create a block with a more complex hash, one must be prepared to do more computation than has been done by the entire Bitcoin network from the fork point up to the newest of the blocks one is trying to supersede. Needless to say, such an undertaking would require a very large amount of processing power and since Bitcoin is continually growing and expanding, it will likely only require more with the passage of time.<br />
<br />
A much more distinct and real threat to the Bitcoin use is the development of other, superior virtual currencies, which could supplant Bitcoin and render it obsolete and valueless.<br />
<br />
A great deal of careful thought and ingenuity has gone into the development of Bitcoin, but it is the first of its breed, a prototype, and vulnerable to more highly-evolved competitors. At present, any threatening rivals have yet to rear their heads; Bitcoin remains the first and foremost private virtual currency, but we can offer no guarantees that it will retain that position. It would certainly be in keeping with internet history for a similar system built from the same principles to supersede and cast Bitcoin into obsolescence, after time had revealed its major shortcomings. Friendster and Myspace suffered similar fates at the hand of Facebook, Napster was ousted by Limeware, Bearshare and torrent applications, and Skype has all but crushed the last few disciples of the Microsoft Messenger army. <br />
<br />
This may sound rather foreboding, so bear in mind that the introduction of new and possibly better virtual currencies will not necessarily herald Bitcoin's demise. If Bitcoin establishes itself sufficiently firmly before the inception of the next generation of private, online currencies so as to gain widespread acceptance and general stability, future currencies may pose little threat even if they can claim superior design. This is known as the network effect.<br />
<br />
=== Is Bitcoin open to value manipulation? ===<br />
<br />
The current low market cap of Bitcoin means that any investor with deep enough pockets can significantly change/manipulate the rate. Is this a problem?<br />
<br />
This is only a problem if you are investing in Bitcoin for short period of time. A manipulator can't change the fundamentals, and over a period of 5-10 years, the fundamentals will win over any short term manipulations.<br />
<br />
==Sending and Receiving Payments==<br />
<br />
=== Why do I have to wait 10 minutes before I can spend money I received? ===<br />
<br />
10 minutes is the average time taken to find a block. It can be significantly more or less time than that depending on luck; 10 minutes is simply the average case. <br />
<br />
[[Blocks]] (shown as "confirmations" in the GUI) are how the Bitcoin achieves consensus on who owns what. Once a block is found everyone agrees that you now own those coins, so you can spend them again. Until then it's possible that some network nodes believe otherwise, if somebody is attempting to defraud the system by reversing a transaction. The more confirmations a transaction has, the less risk there is of a reversal. Only 6 blocks or 1 hour is enough to make reversal computationally impractical. This is dramatically better than credit cards which can see chargebacks occur up to three months after the original transaction!<br />
<br />
Ten minutes was specifically chosen by [[Satoshi]] as a tradeoff between first confirmation time and the amount of work wasted due to chain splits. After a block is mined, it takes time for other miners to find out about it, and until then they are actually competing against the new block instead of adding to it. If someone mines another new block based on the old block chain, the network can only accept one of the two, and all the work that went into the other block gets wasted. For example, if it takes miners 1 minute on average to learn about new blocks, and new blocks come every 10 minutes, then the overall network is wasting about 10% of its work. Lengthening the time between blocks reduces this waste.<br />
<br />
As a thought experiment, what if the Bitcoin network grew to include Mars? From the farthest points in their orbits, it takes about 20 minutes for a signal to travel from Earth to Mars. With only 10 minutes between new blocks, miners on Mars would always be 2 blocks behind the miners on Earth. It would be almost impossible for them to contribute to the block chain. If we wanted collaborate with those kinds of delays, we would need at least a few hours between new blocks. <br />
<br />
[[File:TransactionConfirmationTimesExample.PNG]]<br />
<br />
=== Do you have to wait until my transactions are confirmed in order to buy or sell things with Bitcoin? ===<br />
<br />
YES, you do, IF the transaction is non-recourse. The Bitcoin reference software does not display transactions as confirmed until six blocks have passed (confirmations). As transactions are buried in the chain they become increasingly non-reversible but are very reversible before the first confirmation. Two to six confirmations are recommended for non-recourse situations depending on the value of the transactions involved.<br />
<br />
When people ask this question they are usually thinking about applications like supermarkets. This generally is a recourse situation: if somebody tries to double-spend on a face-to-face transaction it might work a few times, but probabalistically speaking eventually one of the double-spends will get noticed, and the penalty for shoplifting charges in most localities is calibrated to be several times worse than the proceeds of a single shoplifting event.<br />
<br />
Double-spends might be a concern for something like a snack machine in a low-traffic area with no nearby security cameras. Such a machine shouldn't honor zero-confirmation payments, and should instead use some other mechanism of clearing Bitcoin or validating transactions against reversal, see the wiki article [[Myths#Point_of_sale_with_bitcoins_isn.27t_possible_because_of_the_10_minute_wait_for_confirmation|here]] for alternatives.<br />
<br />
Applications that require immediate payment processing, like supermarkets or snack machines, need to manage the risks. Here is one way to reverse an unconfirmed payment:<br />
<br />
A [[Double-spending#Finney_attack|Finney attack]] is where an attacker mines a block containing a movement of some coins back to themselves. Once they find a block solution, they quickly go to a merchant and make a purchase, then broadcast the block, thus taking back the coins. This attack is a risk primarily for goods that are dispatched immediately, like song downloads or currency trades. Because the attacker can't choose the time of the attack, it isn't a risk for merchants such as supermarkets where you can't choose exactly when to pay (due to queues, etc). The attack can fail if somebody else finds a block containing the purchasing transaction before you release your own block, therefore, merchants can reduce but not eliminate the risk by making purchasers wait some length of time that's less than a confirm.<br />
<br />
Because pulling off this attack is not trivial, merchants who need to sell things automatically and instantly are most likely to adjust the price to include the cost of reversal fraud, or elect to use special insurance.<br />
<br />
=== I was sent some bitcoins and they haven't arrived yet! Where are they? ===<br />
<br />
Don't panic! There are a number of reasons why your bitcoins might not show up yet, and a number of ways to diagnose them. <br />
<br />
The latest version of the Bitcoin-Qt client tells you how far it has yet to go in downloading the blockchain. Hover over the icon in the bottom right corner of the client to learn your client's status.<br />
<br />
If it has not caught up then it's possible that your transaction hasn't been included in a block yet. <br />
<br />
You can check pending transactions in the network by going [https://www.biteasy.com here] or [http://blockchain.info here] and then searching for your address. If the transaction is listed here then it's a matter of waiting until it gets included in a block before it will show in your client. <br />
<br />
If the transaction is based on a coin that was in a recent transaction then it could be considered a low priority transaction. Transfers can take longer if the transaction fee paid was not high enough. If there is no fee at all the transfer can get a very low priority and take hours or even days to be included in a block.<br />
<br />
=== Why does my Bitcoin address keep changing? ===<br />
{{seealso|Address reuse}}<br />
Unlike postal and email addresses, Bitcoin addresses are designed to be used exactly once only, for a single transaction.<br />
Originally, wallets would display only a single address at a time, and change it when a transaction was received, but an increasing number of wallet implementations now generate an address when you explicitly want to receive a payment.<br />
<br />
While it is technically possible to use an address for an arbitrary number of payments, this works by accident and harms both yourself ''and other unrelated third parties'', so it is considered a bad practice.<br />
The most important concerns with such misuse involve loss of privacy and security:<br />
both can be put into jeopardy when addresses are used for more than a single transaction only.<br />
<br />
===How much will the transaction fee be?===<br />
<br />
Some transactions might require a [[transaction fee]] for them to get confirmed in a timely manner. The transaction fee is processed by and received by the bitcoin miner. The most recent version of the Bitcoin client will estimate an appropriate fee when a fee might be required.<br />
<br />
The fee is added to the payment amount. For example, if you are sending a 1.234 BTC payment and the client requires a 0.0005 BTC fee, then 1.2345 BTC will be subtracted from the wallet balance for the entire transaction and the address for where the payment was sent will receive a payment of 1.234 BTC.<br />
<br />
A fee might be imposed because your transaction looks like a denial of service attack to the Bitcoin system. For example, it might be burdensome to transmit or it might recycle Bitcoins you recently received. The wallet software attempts to avoid generating burdensome transactions, but it isn't always able to do so: The funds in your wallet might be new or composed of many tiny payments. <br />
<br />
Because the fee is related to the amount of data that makes up the transaction and not to the amount of Bitcoins being sent, the fee may seem extremely low (0.0005 BTC for a 1,000 BTC transfer) or unfairly high (0.004 BTC for a 0.02 BTC payment, or about 20%). If you are receiving tiny amounts (''e.g.'' as small payments from a mining pool) then fees when sending will be higher than if your activity follows the pattern of conventional consumer or business transactions. <br />
<br />
As of Bitcoin 0.5.3 the required fee will not be higher than 0.05 BTC. For most users there is usually no required fee at all. If a fee is required it will most commonly be 0.0005 BTC.<br />
<br />
=== What happens when someone sends me a bitcoin but my computer is powered off? ===<br />
<br />
Bitcoins are not actually "sent" to your wallet; the software only uses that term so that we can use the currency without having to learn new concepts. Your wallet is only needed when you wish to spend coins that you've received.<br />
<br />
If you are sent coins when your wallet client program is not running, and you later launch the wallet client program, the coins will eventually appear as if they were just received in the wallet. That is to say, when the client program is started it must download blocks and catch up with any transactions it did not already know about.<br />
<br />
=== How long does "synchronizing" take when the Bitcoin client is first installed? What's it doing? ===<br />
<br />
The popular Bitcoin client software from bitcoin.org implements a "full" Bitcoin node: It can carry out all the duties of the Bitcoin P2P system, it isn't simply a "client". One of the principles behind the operation of full Bitcoin nodes is that they don't assume that the other participants have followed the rules of the Bitcoin system. During synchronization, the software is processing historical Bitcoin transactions and making sure for itself that all of the rules of the system have been correctly followed.<br />
<br />
In normal operation, after synchronizing, the software should use a hardly noticeable amount of your computer's resources.<br />
<br />
When the wallet client program is first installed, its initial validation requires a lot of work from your computer's hard disk, so the amount of time to synchronize depends on your disk speed and, to a lesser extent, your CPU speed. It can take anywhere from a few hours to a day or so. On a slow computer it could take more than 40 hours of continuous synchronization, so check your computer's power-saving settings to ensure that it does not turn its hard disk off when unattended for a few hours. You can use the Bitcoin software during synchronization, but you may not see recent payments to you until the client program has caught up to the point where those transactions happened.<br />
<br />
If you feel that this process takes too long, you can download a pre-synchronized blockchain from [http://eu2.bitcoincharts.com/blockchain/ http://eu2.bitcoincharts.com/blockchain/]. Alternatively, you can try an alternative "lite" client such as Multibit or a super-light client like electrum, though these clients have somewhat weaker security, are less mature, and don't contribute to the health of the P2P network.<br />
<br />
==Networking==<br />
=== Do I need to configure my firewall to run Bitcoin? ===<br />
<br />
Bitcoin will connect to other nodes, usually on TCP port 8333. You will need to allow outgoing TCP connections to port 8333 if you want to allow your Bitcoin client to connect to many nodes. [[Testnet]] uses TCP port 18333 instead of 8333.<br />
<br />
If you want to restrict your firewall rules to a few IPs, you can find stable nodes in the [[Fallback Nodes|fallback nodes list]].<br />
<br />
=== How does the peer finding mechanism work? ===<br />
<br />
Bitcoin finds peers primarily by forwarding peer announcements within its own network and each node saves a database of peers that it's aware of, for future use. In order to bootstrap this process Bitcoin needs a list of initial peers, these can be provided manually but normally it obtains them by querying a set of DNS domain names which have automatically updated lists, if that doesn't work it falls back to a built-in list which is updated from time to time in new versions of the software. In the reference software initial peers can also be specified manually by adding an addr.txt to the data directory or via the addnode parameter.<br />
<br />
==Mining==<br />
===What is mining?===<br />
[[Mining]] is the process of spending computation power to secure Bitcoin transactions against reversal and introducing new Bitcoins to the system<ref>[https://www.bitcoinmining.com Bitcoin Mining]</ref>.<br />
<br />
Technically speaking, mining is the calculation of a [[hash]] of the a block header, which includes among other things a reference to the previous block, a hash of a set of transactions and a [[nonce]]. If the hash value is found to be less than the current [[target]] (which is inversely proportional to the [[difficulty]]), a new block is formed and the miner gets the newly generated Bitcoins (25 per block at current levels). If the hash is not less than the current target, a new nonce is tried, and a new hash is calculated. This is done millions of times per second by each miner.<br />
<br />
===Is mining used for some useful computation?===<br />
The computations done when mining are internal to Bitcoin and not related to any other distributed computing projects. They serve the purpose of securing the Bitcoin network, which is useful.<br />
<br />
===Is it not a waste of energy?===<br />
Spending energy on creating and securing a free monetary system is hardly a waste. Also, services necessary for the operation of currently widespread monetary systems, such as banks and credit card companies, also spend energy, arguably more than Bitcoin would.<br />
<br />
===Why don't we use calculations that are also useful for some other purpose?===<br />
To provide security for the Bitcoin network, the calculations involved need to have some [http://bitcoin.stackexchange.com/questions/5617/why-are-bitcoin-calculation-useless/5618#5618 very specific features]. These features are incompatible with leveraging the computation for other purposes.<br />
<br />
===How can we stop miners from creating zero transaction blocks?===<br />
The incentive for miners to include transactions is in the fees that come along with them. If we were to implement some minimum number of transactions per block it would be trivial for a miner to create and include transactions merely to surpass that threshold. As the network matures, the block reward drops, and miners become more dependent on transactions fees to pay their costs, the problem of zero transaction blocks should diminish over time.<br />
<br />
===How does the proof-of-work system help secure Bitcoin?===<br />
Bitcoin uses the [[Hashcash]] proof of work with a minor adaption. To give a general idea of the mining process, imagine this setup:<br />
<br />
payload = <some data related to things happening on the Bitcoin network><br />
nonce = 1<br />
hash = [http://en.wikipedia.org/wiki/SHA2 SHA2]( [http://en.wikipedia.org/wiki/SHA2 SHA2]( payload + nonce ) )<br />
<br />
The work performed by a miner consists of repeatedly increasing "nonce" until<br />
the hash function yields a value, that has the rare property of being below a certain<br />
target threshold. (In other words: The hash "starts with a certain number of zeroes",<br />
if you display it in the fixed-length representation, that is typically used.)<br />
<br />
As can be seen, the mining process doesn't compute anything special. It merely<br />
tries to find a number (also referred to as nonce) which - in combination with the payload -<br />
results in a hash with special properties.<br />
<br />
The advantage of using such a mechanism consists of the fact, that it is very easy to check a result: Given the payload and a specific nonce, only a single call of the hashing function is needed to verify that the hash has the required properties. Since there is no known way to find these hashes other than brute force, this can be used as a "proof of work" that someone invested a lot of computing power to find the correct nonce for this payload.<br />
<br />
This feature is then used in the Bitcoin network to secure various aspects. An attacker<br />
that wants to introduce malicious payload data into the network, will need to do the<br />
required proof of work before it will be accepted. And as long as honest miners have more<br />
computing power, they can always outpace an attacker.<br />
<br />
Also see [http://en.wikipedia.org/wiki/Hashcash Hashcash] and [http://en.wikipedia.org/wiki/Proof-of-work_system Proof-of-work system] and [http://en.wikipedia.org/wiki/SHA2 SHA2] and on Wikipedia.<br />
<br />
===Why was the "Generate coin" option of the client software removed?===<br />
<br />
The option wasn't removed, but it is now only accessible via the command-line or the configuration file. The reason for this is that many users were complaining after they turned on and expecting to receive coins. Without specialized mining hardware a user is exceptionally unlikely generate a block on their own at the network's current [[difficulty|security level]].<br />
<br />
==Security==<br />
<br />
===Could miners collude to give themselves money or to fundamentally change the nature of Bitcoin?===<br />
<br />
There are two questions in here. Let's look at them separately.<br />
<br />
;Could miners gang up and give themselves money?<br />
<br />
Mining itself is the process of creating new blocks in the block chain. Each block contains a list of all the transactions that have taken place across the entire Bitcoin network since the last block was created, as well as a hash of the previous block. New blocks are 'mined', or rather, generated, by Bitcoin clients correctly guessing sequences of characters in codes called 'hashes,' which are created using information from previous blocks. Bitcoin users may download specialized 'mining' software, which allows them to dedicate some amount of their processing power – however large or small – to guessing at strings within the hash of the previous block. Whoever makes the right guess first, thus creating a new block, receives a reward in Bitcoins.<br />
<br />
The block chain is one of the two structures that makes Bitcoin secure, the other being the public-key encryption system on which Bitcoin trade is based. The block chain assures that not only is every single transaction that ever takes place recorded, but that every single transaction is recorded on the computer of anyone who chooses to store the relevant information. Many, many users have complete records of every transaction in Bitcoins history readily available to them at any point, and anyone who wants in the information can obtain it with ease. These things make Bitcoin very hard to fool.<br />
<br />
The Bitcoin network takes considerable processing power to run, and since those with the most processing power can make the most guesses, those who put the most power toward to sustaining the network earn the most currency. Each correct guess yields, at present, twenty-five Bitcoins, and as Bitcoins are presently worth something (although the value still fluctuates) every miner who earns any number of Bitcoins makes money. Some miners pull in Bitcoins on their own; and some also join or form pools wherein all who contribute earn a share of the profits. <br />
<br />
Therefore, first answer is a vehement “yes” – not only can miners collude to get more money, Bitcoin is designed to encourage them to do so. Bitcoin pools are communal affairs, and there is nothing dishonest or underhanded about them.<br />
<br />
Of course, the real question is:<br />
<br />
;Can they do so in ways not sanctioned by Bitcoin network? Is there any way to rip off the network and make loads of money dishonestly?<br />
<br />
Bitcoin isn't infallible. It can be cheated, but doing so is extremely difficult. Bitcoin was designed to evade some of the central problems with modern currencies – namely, that their trustworthiness hinges upon that of people who might not have users' best interests in mind. Every currency in the world (other than Bitcoin) is controlled by large institutions who keep track of what's done with it, and who can manipulate its value. And every other currency has value because people trust the institutions that control them.<br />
<br />
Bitcoin doesn't ask that its users trust any institution. Its security is based on the cryptography that is an integral part of its structure, and that is readily available for any and all to see. Instead of one entity keeping track of transactions, the entire network does, so Bitcoins are astoundingly difficult to steal, or double-spend. Bitcoins are created in a regular and predictable fashion, and by many different users, so no one can decide to make a whole lot more and lessen their value. In short, Bitcoin is designed to be inflation-proof, double-spend-proof and completely distributed.<br />
<br />
Nonetheless, there are a few ways that one can acquire Bitcoins dishonestly. Firstly, one can steal private keys. Key theft isn't something that Bitcoin security has been designed to prevent: it's up to users to keep their keys safe. But the cryptography is designed so that it is completely impossible to deduce someone's private key from their public one. As long as you keep your private key to yourself, you don't have much to worry about. Furthermore, one could theoretically create a new block chain, but due to the way in which the block chain is constructed, this would be extremely difficult and require massive amounts of processing power. A full explanation of the difficulties involved can be found in the [[block chain]] article.<br />
<br />
Bitcoin can be ripped off – but doing so would be extremely hard and require considerable expertise and a staggering amount of processing power. And it's only going to get harder with time. Bitcoin isn't impenetrable, but it's close enough to put any real worries in the peripherals.<br />
<br />
;Could miners fundamentally change the nature of Bitcoin?<br />
<br />
Once again, almost certainly not.<br />
<br />
Bitcoin is a distributed network, so any changes implemented to the system must be accepted by all users. Someone trying to change the way Bitcoins are generated would have to convince every user to download and use their software – so the only changes that would go through are those that would be equally benefit all users. <br />
<br />
And thus, it is more or less impossible for anyone to change the function of Bitcoin to their advantage. If users don't like the changes, they won't adopt them, whereas if users do like them, then these will help everyone equally. Of course, one can conceive of a situation where someone manages to get a change pushed through that provides them with an advantage that no one notices, but given that Bitcoin is structurally relatively simple, it is unlikely that any major changes will go through without someone noticing first.<br />
<br />
The fact that such changes are so difficult to make testifies to the fully distributed nature of Bitcoin. Any centrally controlled currency can be modified by its central agency without the consent of its adherents. Bitcoin has no central authority, so it changes only at the behest of the whole community. Bitcoins development represents a kind of collective evolution; the first of its kind among currencies.<br />
<br />
==Help==<br />
===I'd like to learn more. Where can I get help?===<br />
<br />
* Read the [[Introduction|introduction to bitcoin]] <br />
* See the videos, podcasts, and blog posts from the [[Press]]<br />
* Read and post on the [[:Bitcoin Wiki:Community_portal#Bitcoin_Community_Forums|forums]]<br />
* Chat on one of the [[:Bitcoin Wiki:Community_portal#IRC_Chat|Bitcoin IRC]] channels<br />
* Listen to [http://omegataupodcast.net/2011/03/59-bitcoin-a-digital-decentralized-currency/ this podcast], which goes into the details of how bitcoin works<br />
* Ask questions on the [http://bitcoin.stackexchange.com Bitcoin Stack Exchange]<br />
* Use [http://bitcoinx.io BitcoinX.io] to help beginners learn about reputable Bitcoin exchanges and Bitcoin wallets<br />
<br />
==See Also==<br />
<br />
* [[Man page]]<br />
* [[Introduction]]<br />
<br />
==References==<br />
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