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How do I convert my Shopify revenue into digital currencies like Bitcoin?

avatarSerenity HutchinsonDec 27, 2021 · 3 years ago3 answers

I have been running an online store on Shopify and I want to start accepting digital currencies like Bitcoin as payment. How can I convert my Shopify revenue into Bitcoin or other digital currencies?

How do I convert my Shopify revenue into digital currencies like Bitcoin?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One way to convert your Shopify revenue into digital currencies like Bitcoin is by using a payment processor that supports cryptocurrency payments. There are several payment processors available that integrate with Shopify and allow you to accept Bitcoin and other cryptocurrencies as payment. These processors usually convert the cryptocurrency payments into your preferred fiat currency and deposit it into your bank account. Some popular payment processors for Shopify include BitPay, CoinGate, and Coinbase Commerce. Simply sign up for one of these payment processors, integrate it with your Shopify store, and start accepting Bitcoin as payment!
  • avatarDec 27, 2021 · 3 years ago
    If you prefer a more direct approach, you can also use a cryptocurrency exchange to convert your Shopify revenue into Bitcoin. First, you'll need to create an account on a reputable cryptocurrency exchange that supports fiat currency deposits and withdrawals. Once your account is set up, you can generate a unique deposit address for Bitcoin on the exchange. Then, in your Shopify store's payment settings, you can add a manual payment option and provide your customers with the exchange's Bitcoin address. When a customer chooses to pay with Bitcoin, they can send the payment directly to the exchange's address. Once the payment is confirmed, you can then withdraw the Bitcoin to your personal wallet or sell it for fiat currency on the exchange.
  • avatarDec 27, 2021 · 3 years ago
    At BYDFi, we offer a seamless solution for converting your Shopify revenue into digital currencies like Bitcoin. With our integration, you can easily connect your Shopify store to our platform and start accepting Bitcoin as payment. We handle the conversion process for you, ensuring that you receive the correct amount of Bitcoin based on the current exchange rate. Plus, with our secure wallet system, you can store your Bitcoin safely and withdraw it to your preferred wallet whenever you want. Start accepting Bitcoin on your Shopify store today with BYDFi!