Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[AudraMiller]

Cryptocurrency has become increasingly popular and as a result many people are starting to venture into accepting cryptocurrency as a form of payment for their goods and services. However for a new business the risk is extremely high considering the fact that cryptocurrency prices are quite volatile. In order to accept cryptocurrency it should be with a good cryptocurrency that is surely going to increase in price with time or alternatively you can accept stable coins. Which cryptocurrency do you think is safe for a new business to accept without having to include too much risk?

 

[Wisdom01]

Almost all crypto currency are prone to volatility and except you want to consider and invest in stable coin because it doesn't have any volatility

 

[AudraMiller]

Almost all crypto currency are prone to volatility and except you want to consider and invest in stable coin because it doesn't have any volatility

This is a good point and stable coins are a great way if you want to secure the value of your investment, however i have noticed recently that with coins like usdt there is a certain degree of change in price throughout a day as well.

 

[Damismiling]

I believe it's better to receive coins with promising increase,and well known coins like Bitcoin, etheruem, dogecoin.

 

[a_jerobon]

All cryptocurrencies are extremely volatile, so that cannot be a consideration when choosing the best for payment. But it should surely be one that has existed for long and not the new ones which cannot be predicted. Also, the transaction fees should also be considered so that you go with one with lower fee.

 

[Razor1911]

As of now, all major crypto currency a business should accept. It is not a matter of concern as far as I think, as most of the wallets accept exchange between crypto currencies. So you can easily swap between them.

 

[Ridorz]

It's not advisable to be using a cryptocorrency as a transaction of paying or collecting money for business because of its nature. Though, you can a USDT for transportation but I'm thinking about the fees.

 

[Razor1911]

It's not advisable to be using a cryptocorrency as a transaction of paying or collecting money for business because of its nature. Though, you can a USDT for transportation but I'm thinking about the fees.

Any kind of business activation currency should not be used. Too much fluctuations in price can severely hit the business. Any stable coin can be used in place of highly effective waiting coins.

 

[TAH123]

I think a bussiness should accept all the major cryptocurrencies. if you want to have crypto as your payment option, atleast use bitcoin because it is one of the most valuable crypto. On the other hand, cryptos are not stable so they may fall at any time and you can face a large amount of lose

 

[Razor1911]

I think a bussiness should accept all the major cryptocurrencies. if you want to have crypto as your payment option, atleast use bitcoin because it is one of the most valuable crypto. On the other hand, cryptos are not stable so they may fall at any time and you can face a large amount of lose

for convenience purposes it is good to accept the currencies as much as possible. But it will be difficult to manage all of them because the more you have options the more you have to manage.

 

[Niftyicon]

Personally, my answer to this is quite simple, I would prefer stable coin such as usdt or alternatives with very small fees like Tron, BCH or Litecoin.

 

[Razor1911]

Personally, my answer to this is quite simple, I would prefer stable coin such as usdt or alternatives with very small fees like Tron, BCH or Litecoin.

I will not even prepare to use Tron, BCH or litecoin. The reason behind it is that the fluctuations in the market in these points are very huge. It is better to use any stable coin like USD tether

 

[LutherKing]

Well you guys are correct , the fees and fluctuations are on the higher side , but you can always make sure the price is changing with the current rate and you can ask your processor to provide you good conversion rates , some comoanies do offer this service along withdrawal to fiat payments wallets as well

 

[a_jerobon]

I will not even prepare to use Tron, BCH or litecoin. The reason behind it is that the fluctuations in the market in these points are very huge. It is better to use any stable coin like USD tether

Yeah, the flactuations can be really bad for those who receive the payment. I recently received payment through Doge but I can't hold it even for a week because its price keeps going down. It is better if you choose a more stable coin to receive payment.

 

[microunit]

If a business wants to accept cryptocurrencies they should consider cryptocurrencies which are in demand and are much more used by the people like bitcoin though they also have to consider the transaction fees that comes along the coin

 

[Razor1911]

I think a bussiness should accept all the major cryptocurrencies. if you want to have crypto as your payment option, atleast use bitcoin because it is one of the most valuable crypto. On the other hand, cryptos are not stable so they may fall at any time and you can face a large amount of lose

Actually it is not feasible to accept all the crypto currencies. Especially because all cryptocurrencies are not the same and does not have same fee structure. specially erc20 token have more fees so it is not good for small transactions.

 

[GoldenLady]

Cryptocurrency has become increasingly popular and as a result many people are starting to venture into accepting cryptocurrency as a form of payment for their goods and services. However for a new business the risk is extremely high considering the fact that cryptocurrency prices are quite volatile. In order to accept cryptocurrency it should be with a good cryptocurrency that is surely going to increase in price with time or alternatively you can accept stable coins. Which cryptocurrency do you think is safe for a new business to accept without having to include too much risk?

To be on the safe side, it would be best to accept stable coins. But I think coins that have lower transaction fees like Tron and doge will be good choices.

 

[AudraMiller]

To be on the safe side, it would be best to accept stable coins. But I think coins that have lower transaction fees like Tron and doge will be good choices.

This is a good point. Stable coins from what i have seen have quite high transaction fees that are associated with their transactions as well, whcih can be a major concern for potential users.

 

[BullyMaguire]

Maybe xrp because it has a low fees which people wouldn't even feel unlike other crypto the fees are so noticeable and may turn costumers off

 

[AudraMiller]

Maybe xrp because it has a low fees which people wouldn't even feel unlike other crypto the fees are so noticeable and may turn costumers off

Yes the fees that are associated with ripple are some of the lowest that i have ever seen, even being lower than dogecoin and bitcoin cash based on my recent transaction which definitely does show a lot of promise.