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Important: Before proceeding with this tutorial, make sure you have read and understood our Bitcoin and Cryptocurrency Security Best Practices Guide. The advice provided regarding trading cryptocurrencies and/or Bitcoin is for informational and educational purposes only and does not constitute financial advice or investment recommendations. The cryptocurrency market, including Bitcoin, is highly volatile and involves significant risk. Any investment decision or transaction made based on the information provided is the sole responsibility of the user. We strongly recommend that you conduct thorough research, consult professional financial advisors and consider your financial situation and risk tolerance before engaging in any cryptocurrency and/or Bitcoin related activities. We are not liable for any loss or damage arising from the misuse of the information provided.
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Accepting Bitcoin payments is very beneficial, whether for businesses, freelancers, or even individuals who make informal transactions. It provides privacy and complete control over your money. If you want to accept Bitcoin payments, all you have to do is provide your Bitcoin address. In other words, you have to give the payer the code that appears on the interface.
For example, your title could be something like this: bc1qfwr2nt7v943xljlvuveqwdnapltrap5pf7rs5s To understand this better, let’s consider this example: Imagine you want to pay for a job or product via a bank transfer in Euros. You only need to provide your bank account number to indicate to the payer where you should send the money. Your Bitcoin address is your “Bitcoin Account Number.” It is a unique number in the world.
Practical advice!
Scan the QR code of your car plate with your mobile phone to get the address without having to copy it manually. This is important because it will help you avoid potential copying errors. Remember that Bitcoin transfers are irreversible. Sending to an address that is not yours is equivalent to losing money.
How much bitcoin should you receive?
When requesting payment, you will need to specify the amount of Bitcoin you want to receive. Continuing the example, imagine that you have done work worth 2,500 Euros, and you want to receive payment in Bitcoin at your physical Bitcoin pad. Google “Euros to Bitcoin”. You will find several calculators that will allow you to translate those 2,500 Euros into the equivalent amount in Bitcoin, according to the current rate. For example, at the time of writing, 2,500 Euros was equivalent to 0.061 Bitcoin.
Can I create an invoice for my payer?
Of course you can. Although Bitcoin payments received on your physical Bitcoin pad are inherently anonymous, if you wish, you can create an invoice just as you would any FIAT currency payment (euro, dollar, etc.). When creating your invoice, you will need to put the amounts in Bitcoin, along with matching them to the currency of the country you want to invoice (e.g., in euros).
How can I be sure I have received payment?
There are many free services available online, such as those available on our website or on Blockchair. Click on the camera icon to scan the QR code of your board and check the transaction history (balance, incoming and outgoing funds).
Expert trick
Physical Bitcoin boards can come with a second, thinner, lighter board, so you can always carry it, for example, in your wallet. This is an add-on that you can contract when you buy physical Bitcoin.
This second plate does not contain the private key to your Material Bitcoin wallet. This means that if it is lost or stolen, your Bitcoin will remain safe in your main wallet (the thicker Material Bitcoin plate). If you are going to receive Bitcoin payments, it is recommended that you display your black Material mobile wallet instead of your main wallet. Remember that no one but you should be able to see your private key (which is located under a metal sticker on the back of your Material Bitcoin wallet) at any time.
Doing excercise
If you are requesting payment online
You will write the payer a message (e.g., an email) saying something like: “Send me 0.061 BTC to the address bc1qfwr2nt7v943xljlvuveqwdnapltrap5pf7rs5s.” *This is an example. Enter your own details.
If you require payment in person
Show your physical Bitcoin board so that the other person (payer) can scan your board’s QR code. For security reasons, it is recommended that you bring a portable physical Bitcoin board (black board) because your funds will be safe in case of theft or loss. By following these guidelines, you can receive Bitcoin payments on your physical Bitcoin board privately and securely. Remember, you can contact us 24/7 with any questions!
