Category: Education

Education hub for Bitcoin and Lightning payments. Learn how to accept Bitcoin, understand payments, and apply it in your business.

Bitcoin Accounting for Online Stores: Taxes, Records and Compliance

Posted on by Sebastian Paulke

For many online merchants, legal and tax aspects still present a certain hurdle when accepting Bitcoin payments: The are afraid of the challenges of Bitcoin accounting for online stores. One of the main reasons is the tax treatment of Bitcoin and the question of how Bitcoin payments should be recorded in the accounts.

In this article we will explain to you:

  • How you can record Bitcoin payments in your online store in your accounting.
  • How you can prove receipt of the Bitcoin received in your Bitcoin wallet.
  • How you can document all Bitcoin transactions with the help of Coinsnap.
  • How you can use Coinsnap to download all transactions as a CSV file for further processing in other systems.
  • How you can additionally process your Bitcoin transactions with the help of Cointracking.

Bitcoin accounting for Online Stores - the process

Order in the online store

A customer orders a product in your online store for €100, for example, and the store system creates an invoice for this order. This invoice is issued in the currency of your country, i.e. in euros in Europe, with VAT shown and all legal and tax information required for issuing an invoice.

Payment in the online store

The customer is asked to pay the invoice. It does not matter whether the payment is made by credit card, PayPal or Bitcoin.

After successful payment, the invoice is marked as successfully paid by the store system and the store operator can start shipping the ordered goods.

Crediting of the Bitcoin received

If the customer has paid by credit card or PayPal, the merchant receives a statement of all transactions from their payment service provider and a credit of the sales to their bank account.

With Bitcoin, as a merchant you have the option of receiving the credit to your bank account or, if you prefer to keep the Bitcoin, to your Bitcoin wallet.

Bitcoin to your own bank account

If you would like to have your Bitcoin turnover paid out to your bank account, activate the payout to your bank account via the Swiss Bitcoin broker DFX in the Coinsnap backend.

The incoming Bitcoin is then automatically forwarded to DFX and sold there. The equivalent value is transferred directly to your bank account so that each invoice can be clearly assigned and documented to the corresponding incoming payment.

Bitcoin on your own Bitcoin wallet

However, most merchants who accept Bitcoin payments prefer to keep the Bitcoin they receive. Be it privately or within the company.

It is advisable to use separate wallets in order to clearly separate the Bitcoin received from the private Bitcoin.

Coinsnap requires a Bitcoin wallet with a Lightning address to which the Bitcoin is credited, such as the Strike Wallet, the Wallet of Satoshi or the Blink Wallet.

With the Strike Wallet, you can have a private wallet and also a business wallet for your company. If you already use one of the above wallets privately, you must use a different wallet for your company.

A Bitcoin Lightning Wallet is suitable for receiving Bitcoin payments, but not for the long-term storage of Bitcoin. It must be stored on a secure hardware wallet such as Bitbox02, Ledger or Trezor.

You can create different wallets on a hardware wallet and thus create a clean separation between your private Bitcoin and your company’s Bitcoin.

Then transfer your Bitcoin balance from the Lightning Wallet to the wallet on your hardware wallet.

The Bitcoin address of your hardware wallet is publicly visible and you can document how many Bitcoin your company currently owns.

Documentation of the “Bitcoin purchase”

If a customer pays you with Bitcoin, it is theoretically as if you were buying Bitcoin from your customer.

The price at which your company received the Bitcoin should now be documented.

If a customer buys a product from you for e.g. €100 and the Bitcoin price at the time of purchase is e.g. €100,000, you will receive 0.001 Bitcoin (BTC) or 100,000 Satoshi (Sats).

This information on how much Bitcoin you have received and at what rate is displayed in detail for each individual transaction in the Coinsnap Dashboard.

Including assignment to your customer and the corresponding order in your online store. You can also download this data as a CSV file to transfer it to other applications.

You can also import this data into the Cointracking software solution and then receive a corresponding evaluation for your accounting department or your tax advisor.

Coinsnap bietet ausführliche Reports für die Buchhaltung
Coinsnap bietet ausführliche Reports für die Buchhaltung

Buy Bitcoin privately from your company

Whether the Bitcoin received remains in the company or is sold immediately to a Bitcoin broker or to yourself privately depends on your personal preferences.

In the beginning, Bitcoin sales will probably not be so high that the sale of Bitcoin is absolutely necessary to cover the company’s running costs.

Nevertheless, there may be reasons not to hold Bitcoin in the company. Perhaps you have a fellow shareholder who is not convinced of the advantages of Bitcoin as an asset due to its volatility, but appreciates the benefits of Bitcoin as a payment method.

Instead of buying Bitcoin privately on a Bitcoin exchange, you can also buy Bitcoin from your own company.

The time at which you buy back the Bitcoin from your company and the respective Bitcoin price may play a role here.

Perhaps you can conclude a contract with your company to buy back the Bitcoin you receive immediately at the same Bitcoin rate.

Payment for the Bitcoin purchased by the company can be made by bank transfer. To do this, you transfer the purchase amount from your private account to the business account.

Alternatively, the payment is posted as a private withdrawal.

However, you should definitely consult your tax advisor here, as it depends on the individual situation of each person.

Coinsnap makes Bitcoin Accounting for Online Stores simple

Uncertain tax and accounting issues are still preventing many online merchants from accepting Bitcoin payments.

As with every purchase transaction, the accounting department wants to know which invoices have been paid and where the payment has been received and how much is in the account or, in the case of Bitcoin, in the wallet.

With the help of Bitcoin payment processing via Coinsnap, this documentation and obligation to provide proof can be fulfilled.

Every Bitcoin payment is booked at the current Bitcoin exchange rate. Each Bitcoin transaction in the wallet is documented individually, similar to a bank statement.

These transactions can be exported and imported and used for other applications.

As with an account balance, the stock of Bitcoin is precisely recorded and can be viewed and checked by anyone via the blockchain.

Sign up now

Coinsnap & Bringin in Action

Posted on by Sebastian Paulke

Accept Bitcoin Payments – Receive Euros

If you accept Bitcoin payments on your website or online shop using Coinsnap’s payment modules, you can now receive payouts directly in euros to your personal bank account – thanks to Bringin. It’s automatic, secure, and requires no technical setup.

Using Coinsnap and Bringin is currently the easiest, safest and quickest solution for all merchants that want to offer their customers Bitcoin payment, but do not care to deal with Bitcoin themselves.

If you use Coinsnap with Bringin, you enlarge your reach to a new, worldwide customer base (Bitcoin owners), and can market your merchandise across borders and currencies, without having to bother with accounting issues that come with Bitcoin, volatility risks or other hurdles that come with accepting Bitcoin in your business.

What is Bringin?

Bringin is a Bitcoin-to-Euro exchange service that provides you with your own Lightning address.

Using this address, you can receive Lightning payments that are automatically converted into euros and credited to your personal, vIBAN account that Bringin automatically sets up for you in your name.

You can then anytime transfer funds from this account to your chosen account (that must be in your name, too) for a small fee of just 1 % per transfer.

This makes Bringin the perfect solution for merchants who want to accept Bitcoin but prefer to receive payouts in euros.

How Coinsnap and Bringin Work Together

Coinsnap offers simple payment modules for Bitcoin and Lightning.

Due to the partnership with Bringin you can now convert your Bitcoin sales in real-time into Euro that will be credited immediately to your vIBAN account. You can then transfer Euros from this vIBAN account to your bank account any time you please for a small fee of 1 % per transaction.

To enable payouts to your bank account with Bringing all you need to do is to enter your Bringin Lightning address as your wallet in the Coinsnap backend.

Step-by-Step Guide

 Create a Bringin Account

Go to https://bringin.xyz/ and sign up.
You’ll need to complete a KYC process (valid ID and a recent utility bill).

 

 Set Up Your Lightning Address

After registration, you can create your personal Lightning address – e.g., yourname@bringin.xyz (if the name is still available).

 

 Create or Update Your Coinsnap Account

  • If you don’t have an account yet: https://app.coinsnap.io/register
  • In the Coinsnap backend, go to Settings → Wallet and enter your Bringin Lightning address.

Accept Bitcoin – Receive Euros

When a customer pays in Bitcoin via Coinsnap, the amount is sent directly to your Bringin Lightning address.
There, it is automatically converted into euros and credited to your personal euro account that Bringin established in your name. From then you can anytime transfer funds to your linked bank account.

Key details:

  • Minimum amount: 11,000 sats
  • Maximum amount per payment: €3,000
  • Conversion fee: 1 %
  • Bank payout fee: 1 % per transaction
  • Monthly payout limit: €10,000 (can be increased with additional KYC documents)

 

Payout Process

If you would now like to have the amount paid out to your bank account, click on “Withdraw Euros”. Then enter the bank details to which the credit should be made if this has not already been done.
Please note that the payout account must be in the same name as the Bringin account. Payouts to another bank account are not possible.

A fee of 1 % is charged for withdrawals to your bank account.
You can withdraw up to €10,000 per month. If you want to transfer more, you can increase the limit by submitting additional KYC documents.

You’ll receive a confirmation code via email and SMS.
After entering the code, the amount is instantly transferred to your bank account via SEPA Instant.

 

Conclusion: Coinsnap + Bringin = The Perfect Merchant Setup

Want to accept Bitcoin payments but prefer to get paid in euros?
Then the Coinsnap + Bringin combo is your ideal solution:

 Accept Bitcoin without price volatility
 Receive euros directly to your bank account
 No chargebacks like with credit cards or PayPal
 Low total fees: only 2% (1% Coinsnap + 1% Bringin)

Payment Method Fee Chargeback? Crediting Time
Coinsnap + Bringin 2% No Transaction Fee No Immediate
Credit Card 2.5–4% plus Transaction Fee Yes 1–2 days
PayPal 3–4.5% plus Transaction Fee Yes 1–2 days

Start Now and Save 30% on Fees

Open your Bringin account using this affiliate link:
 https://spend.bringin.xyz/signup?affiliate=COINSNAP
Save 30% on fees for the first three months!

BTCPay Server Plugins made by Coinsnap

Posted on by Sebastian Paulke

Use Coinsnap Payment Modules as BTCPay Server Plugins and Easily Expand the Capabilities of Your BTCPay Server

BTCPay Server is one of the most important open-source initiatives in the Bitcoin ecosystem. It allows merchants to set up their own Bitcoin payment infrastructure — fully self-hosted, without intermediaries, no processing fees, and full control over received funds. And it is quite easy to set up as well. So – no wonder that more than a million BTCPay Servers are run all over the globe, and every day people all over the world add more installations, thus partaking actively in expanding the world’s Lightning network.

But while BTCPay Server provides the technical foundation, many operators face the question:

  • How can I efficiently integrate my BTCPay Server into my online shop or website?
  • How do I connect with this or another shop system, or a specific WordPress Plugin I use a lot?
  • In short: Which BTCPay Server Plugins are there that make it easier for me to use my BTCPay Server to earn Bitcoin online?

That’s where Coinsnap’s payment modules come in. Because all Coinsnap payment modules are practically BTCPay Server plugins as well — they are all pre-configured to allow for a very simple and easy integration with your BTCPay Server that requires no programming skills or in-depth knowledge of the system you want to integrate with.

What is BTCPay Server?

BTCPay Server is a self-hosted, open-source payment processor for Bitcoin and Lightning transactions. Merchants can become their own payment provider and receive payments directly to their wallet — without paying fees to third parties.

You can run it on your own infrastructure — locally, in the cloud, or via specialized hosting solutions. With over 1 million active installations worldwide, BTCPay Server has become the standard for decentralized Bitcoin payment processing.

Part of BTCPay Server’s success is its active promotion of a plugin system. Given the variety of ways businesses can interact with Bitcoin, the developer community has optimised BTCPay Server’s code towards a plugin model. On this basis, more and more plugins have now been created that allow merchants to connect their shop systems and content creators/influencers to connect their websites to their BTCPay Server and have their Bitcoin sales completely under their own control.

Why Do You Need a Payment Module (or BTCPay Server Plugins)?

For many merchants, the technical challenge begins when it comes to connecting their eCommerce platform or website to their BTCPay Server. To enable your shop or WordPress site to communicate with BTCPay Server and accept payments, you need a payment module (plugin or add-on).

These modules handle the technical communication between your platform and the BTCPay Server, ensuring a smooth user experience and seamless payment flow.

Especially when your platform is a proprietary system it can be very challenging to implement the technical communication, but even with open source platforms such as WordPress it still requires programming skills that most merchants do not have.

Payment modules or BTCPay Server plugins takes care of these issues and offer you a kind of an out-of-the-box solution that allows you to easily connect your ecommerce-platform with your BTCPay Server.

Coinsnap BTCPay Server plugins or payment modules

Coinsnap develops specialized Bitcoin payment modules that work with both the Coinsnap Gateway and your own BTCPay Server. This makes Coinsnap a perfect solution for merchants and developers who want to remain fully independent and run their own payment infrastructure.

Supported Shop Systems

Coinsnap offers modules for a wide range of eCommerce platforms:

  • WooCommerce
  • Shopware
  • Gambio
  • PrestaShop
  • Magento
  • OpenCart
  • Wix
  • JTL Store
  • Drupal
  • Modified eCommerce
  • Plentymarkets

Coinsnap’s add-ons for popular WordPress plugins

There are many very popular WordPress plugins that are widely used and for the most part of them already offer some forms of payment options, mostly credit card  payments, Paypal, etc. What none of them so far offers is Bitcoin-Lightning payment. Coinsnap has developed plugins for a variety of them that enable merchants to offer Bitcoin-Lightning payment from within these plugins. Thus, these plugins expand existing WordPress functionality with native Bitcoin support.

Supported plugins include:

  • GiveWP (donations)
  • Contact Form 7, WPForms, Gravity Forms, Ninja Forms (contact forms)
  • GetPaid
  • Easy Digital Downloads
  • Paid Memberships Pro

With these Coinsnap’s WordPress plugin add-ons you can now — for Bitcoin or Satoshis — sell  merchandise out of your contact forms, sell memberships or digital downloads and even add Bitcoin-Lightning payment to your currently offered payment methods.

So if you are currently using one of the above WordPress plugins, with these Coinsnap WordPress add-ons you can now easily connect them with your BTCPay Server.

Coinsnap’s own BTCPay Server plugins for WordPress

In addition to enhancing third-party plugins, Coinsnap has developed a range of custom WordPress plugins tailored specifically for Bitcoin and Lightning payments — ideal for donations, micropayments, paywalls, and spam protection.With these custom WordPress BTCPay Server plugins merchants can now harness the full potential of micropayments with Bitcoin-Lightning. This opens a plethora of business models that are perfectly poised to rake in a lot of small Bitcoin payments that eventually may well accumulate to a significant extra Bitcoin income.

Examples of Coinsnap’s BTCPay Server Plugins for WordPress:

  • Bitcoin Donation Button
    Easily accept donations via a Bitcoin button on your site.
  • Bitcoin Shoutout Plugin
    Visitors can donate and leave a message that gets displayed on your site.
  • Bitcoin Crowdfunding Plugin
    Launch your own Bitcoin-based fundraising campaigns.
  • Bitcoin Paywall
    Lock content behind a paywall and grant access after a BTC payment.
  • Voting Plugin
    Let users vote on polls using small Bitcoin payments — secure and transparent.
  • Spam Protection via Bitcoin Micropayments
    Prevent bots by requiring small Bitcoin payments for:
    • Comments (Pay-per-Comment)
    • Registrations (Pay-per-Registration)
    • Contact forms (Pay-per-Contactform)

Increase your Bitcoin income with Coinsnap’s BTCPay Server plugins by strategically playing to your visitors/followers ego, and interests: Let them make their interaction with you valuable by charging a small fee in Satoshis – and at the same time enhance the quality of your user interaction!

Here you can see all our payment plugins at a glance!

It is so simple to connect a Coinsnap payment module with your BTCPay Server

With our specifically for BTCPay Server users developed  BTCPay Server wizzard it is iunceredibly simple to connect your BTCPay Server with your Coinsnap payment module.

Just follow these four simple steps:

In the settings of your Coinsnap BTCPay server plugin choose BTCPay Server as the payment provider of your choice and add the URL of your BTCPay Server.

Then click Generate API Key.

Then, go to your BTCPay Server, choose the store for which you want to create an API key in your BTCPay Server.

Then click on continue!

Now, in your BTCPay Server you’ll see the permissions your Coinsnap BTCPay Server plugin is requesting. Please input your store label and click on Authorize app.

And that’s it – you are done!

In the settings of your Coinsnap BTCPay Server plugin you can now see that all settings have been made — like magic 🙂 — by Coinsnap’s unique BTCPay Server wizard!

Coinsnap BTCPay Server plugins are free of cost and registration

All Coinsnap modules are free to use with your own BTCPay Server.

And there is no registration with Coinsnap required –  you don’t have to provide any personal data, you do not need to register. Coinsnap simply doesn’t require any information from you.

Where to get the modules:

Coinsnap GitHub Repository
Open-source and ready to use

Download your plugin on Github

WordPress Plugin Directory
Search for “Coinsnap” directly in the WordPress admin area to install any plugin instantly.

Download your plugin on WordPress

Why does Coinsnap offer these BTCPay server plugins for free?

At Coinsnap, we strongly believe in the philosophy behind BTCPay Server. We use BTCPay Server in many parts of our own infrastructure and have learned a lot from the project and its community.

Since we don’t have large financial resources for donations, we contribute by developing and sharing our modules with the community. It’s our way of giving back and helping expand the use of Bitcoin as a real payment method.

Conclusion: Your Payments. Your Server. Your Freedom.

If you’re already running a BTCPay Server — or planning to — Coinsnap offers the tools to take it to the next level.

With our free, open-source payment modules, you can make your BTCPay Server even more powerful — whether you’re running an online shop, a donation page, or experimenting with innovative use cases like micropayments, crowdfunding, or spam protection.

👉 Try it out — and unlock the full potential of your BTCPay Server.

Misty Breez Bitcoin Lightning wallet – Introduction

Posted on by Sebastian Paulke

How to install this simple and practical Bitcoin Lightning wallet with an individual Lightning address and deposit it with Coinsnap

To accept Bitcoin payments in your store with Coinsnap, you need a Lightning Wallet. One of the best wallets – and our recommendation – is the Misty Breez wallet. It’s easy to install without KYC details, self-managed (so extra secure) and easy to use – making it ideal for merchants to receive and store their business Bitcoin earnings.

In this article, we will show you how to set up the Misty Breez wallet to receive Bitcoin and store your individual Lightning address with Coinsnap.

Inhalte  Verbergen 

What is the Misty Breez Wallet?

The Misty Breez Wallet is a non-custodial wallet based on the Breez “Nodeless” SDK. It uses the Liquid Sidechain to enable simple and cost-effective integration of Lightning payments.

Main features of Misty Breez:

  • Self-custody: Users retain complete control over their private keys, which means they have sole access to their Bitcoin.
  • Easy to use: The wallet requires no setup of Lightning channels or nodes. Users can start sending and receiving payments immediately.
  • Offline payments: Misty Breez supports receiving payments even in offline mode through mobile notifications.
  • Broad protocol support: The wallet is compatible with BOLT 11 and BOLT 12 Invoices, LNURL-Pay, Lightning addresses, on-chain BTC addresses and BIP 353.
  • Open Source: Misty Breez’s source code is publicly available, allowing developers to customize the wallet or integrate it into their own applications.

Difference to other non-custodial wallets:

Misty Breez offers a ready-to-use solution without any additional configuration. This makes it particularly attractive for users looking for a straightforward way to send and receive Bitcoin payments.

In short

Misty Breez is an innovative solution in the field of Bitcoin wallets that combines user-friendliness with the security of self-custody.

By integrating innovative blockchain technology and an extremely easy-to-use user interface, it is a very attractive solution for receiving and storing their Bitcoin earnings, especially for non-tech-savvy merchants who do not want to entrust their Bitcoin to a custodian.

Where can I get the Misty Breez Wallet?

You can download the Misty Breez Wallet on the website or by clicking on the corresponding button for your smartphone:

 

 

If you want to have control over your Bitcoin earnings, download the app now and follow the step-by-step installation instructions below:

Step-by-step installation instructions for the Misty Breez Wallet

Since we all use iPhones at Coinsnap, I will guide you through the installation of the Misty Breez wallet using iOS as an example. However, I assume that the process for Android smartphones is similar enough that you can also set up your first non-custodial Bitcoin Lightning wallet and Lightning address as an Android user with this step-by-step guide!

Installing the Misty Breez app on your smartphone

Click the correct button for your phone and download the app to your phone.

Click on Install [1]

Open the app [2]

And you’re in your Misty Breez Wallet! [3]

Personalize your Misty Breez Wallet

Now you need to personalize the Misty Breez app. This means you have to enter your username and name your Lightning address. Let’s start by setting your username:

Open the menu at the top left [1]

Click on the icon at the top left, then in the name field [2]

Enter desired name and save[3]

Now all you have to do is give your Lightning address your individual name, and then you have a non-custodial wallet with an individual Lightning address. And you can start accepting Bitcoin on your website right away! And this is how it works:

Click on Receive [1]

Click in the name field and on Customize Address [2]

Enter the desired name, click on Done[3]

Your Lightning address is active![4]

Create seed words to restore your wallet in the event of loss

Every Bitcoin owner’s nightmare is losing their wallet or forgetting their password. Because then (usually) your savings are gone.

Misty Breez – similar to hardware wallets such as Bitbox – takes away this worry: you can generate so-called seed words in the app, which you can use to restore your account at any time and immediately regain access to your Bitcoin assets.

Here we show you how:

Click on the warning sign [1]

Give your consent and click on continue [2]

Note the seed words and click on continue [3]

Now enter the required words and click on verify [1]

Now click on finished [2]

Your wallet is now secure (no morewarning sign !) [3]

Congratulations: You now have a highly secure, non-custodial Bitcoin Lightning wallet & Lightning address!

Link Misty Breez Wallet with your Coinsnap account

To accept Bitcoin in your online store, you must have a Coinsnap account linked to your Lightning address and install the desired Coinsnap plugin in your store.

We will now show you how to create a Coinsnap account and store your Misty Breez Lightning address:

Go to coinsnap.io and click on the menu [1]

Now click on Register (or Register) [2]

Enter your e-mail address and a password and click on create account [3]

Now you have to confirm the email and go to the login [1]

Log in to your new Coinsnap account! [2]

In your Coinsnap dashboard , you will now see the message that you need to connect your store and wallet to Coinsnap. [3]

Now you have to confirm the email and go to the login [1]

And now you can see your Coinsnap dashboard linked to your Misty Breez wallet [2]

Accept Bitcoin with the Misty Breez Wallet

Here we show you how easy it is to receive a Bitcoin Lightning payment with the Misty Breez Wallet:

Open the Misty Breez Wallet and click on receive [1] at the bottom right

Send the QR code or your Lightning address to the payer [2]

You will now see the incoming payment (950 sats) [3]

Click on the payment receipt and you will see the transaction details [4]

Accept Bitcoin now with Misty Breez and Coinsnap

To accept Bitcoin in your online store today, you only need to take these three steps:

Set up a Coinsnap account
(only email and Lightning Wallet address required!)

Set up a Coinsnap Account

What is a Lightning address?

Posted on by Sebastian Paulke

What is a Lightning Address?

When you register with Coinsnap, you’ll be asked to provide a Lightning Address.
It works similarly to an email address – but instead of sending messages, it’s used to send and receive Bitcoin payments over the Lightning Network.

Example: yourname@walletofsatoshi.com

When your customers pay with Bitcoin on your website or online shop, the payment will be credited to your Lightning wallet via this address.

How to get a Lightning Address

To use a Lightning Address, you need a Lightning wallet that supports it.
If you don’t already have one, check out our guide:
“How to get a Lightning wallet with a Lightning Address” – it walks you through the setup step by step.

Coinsnap recommends the following wallets that offer you a Lightning Address:

Wallet Example Lightning Address Website
Alby yourname@getalby.com getalby.com
Blink yourname@blink.sv blink.sv
Coinos yourname@coinos.io coinos.io
Misty Breez yourname@breez.fun breez.technology
Mt Pelerin yourname@ln.mtpelerin.com mtpelerin.com
Speed App yourname@speed.app speed.app
Strike yourname@strike.me strike.me
VIPSats yourname@vipsats.app vipsats.app
Wallet of Satoshi yourname@walletofsatoshi.com walletofsatoshi.com
ZBD Wallet yourname@zbd.gg zbd.gg

Running your own Lightning Node?

If you’re running your own Lightning node, you can also use a custom Lightning Address.
Just keep in mind that payment issues can occur if no suitable or low-cost route to your node is available.

Recommendation:

If you’re new to Lightning, we suggest starting with user-friendly wallets like Wallet of Satoshi, Misty Breez or Blink.

Bitcoin Crowdfunding for WordPress

Posted on by Sebastian Paulke

The complete guide for donations, projects & campaigns

What is crowdfunding?

Crowdfunding refers to the financing of a project by a large number of individual supporters – usually via the Internet. People donate or invest small amounts in order to achieve a larger goal together. There are different types:

  • Donation-Based: pure donations without consideration (e.g. for charitable purposes)
  • Reward-based: Donors receive something in return, e.g. a product
  • Equity-Based: Investors receive company shares
  • Lending-Based: Participation via repayment models

Crowdfunding is a billion-dollar market worldwide. According to data from Statista, the global crowdfunding volume in 2023 was over 12 billion USD – with a continuing upward trend.

What is Bitcoin crowdfunding?

Bitcoin CrowdfundingBitcoin crowdfunding is a modern variant of classic crowdfunding – with the special feature that supporters do not pay in euros or dollars, but in Bitcoin. The advantages are obvious:

  • The amounts are directly sent directly to the wallet of the project initiator
  • It does not need any middlemen or banks
  • Therefore, no KYC process with the payment service provider is required
  • Global reach: Anyone with a Bitcoin wallet can donate
  • Immediate credit via Lightning Network
  • Ideal for micro-payments – unlike FIAT money orders, no amount is too small to be credited in the Lightning Network
  • Large donations (over €1,000) also possible via on-chain

Technically, Bitcoin crowdfunding often runs via plugins or platforms that provide a donation form with a QR code and donation targets.

A live example of Bitcoin crowdfunding:

[coinsnap_bitcoin_crowdfunding id=”38392″]

[coinsnap_bitcoin_crowdfunding_shoutout id=”38392″]

Why is Bitcoin crowdfunding particularly interesting for WordPress?

For website operators

With a market share of over 40%, WordPress is the most widely used CMS in the world. For bloggers, NGOs, creators and small companies, it is the ideal tool for bringing content and projects online quickly and flexibly.

With Bitcoin crowdfunding, your own content or project can be financed directly by readers and fans – without third-party providers and without dependence on payment services.

For beginners & people with specific concerns

If you don’t have a website, you can start a WordPress.com blog for free in just a few minutes and use it, for example, to collect Bitcoin for:

  • medical treatment
  • an anniversary trip
  • a celebration (milestone birthday, wedding, christening, etc.)
  • a social concern

This also works without prior technical knowledge – e.g. with the Coinsnap pluginwhich can be installed directly in WordPress with just one click.

Bitcoin crowdfunding versus FIAT crowdfunding

Crowdfunding is nothing new – unlike Bitcoin crowdfunding. But why should you go for Bitcoin crowdfunding instead of fiat crowdfunding? In the table below you can see some of the key differences–and advantages–of Bitcoin crowdfunding versus fiat crowdfunding:

Bitcoin crowdfunding Classic crowdfunding (e.g. GoFundMe, Kickstarter)
No fees to banks or payment services Platform fees up to 10%
Immediate crediting to your own wallet Payouts often delayed
Globally accessible – no currency barriers Often country-specific restrictions
No risk of chargebacks Chargebacks possible
No KYC/verification necessary Complex registration and verification
Censorship resistant Projects can be rejected or deleted

In summary, Bitcoin crowdfunding is ideal for small campaigns (target e.g. €200) that would not be possible with a large bureaucratic and cost overhead.

Bitcoin crowdfunding is also ideal for crowdfunding campaigns on topics that fiat payment service providers may not support (issue of censorship).

And of course, Bitcoin crowdfunding is unbeatable if your crowdfunding campaign relies on raising many small amounts (micro-payments) to achieve its goal – raising very small amounts of less than one Euro, for example, is not feasible with conventional fiat crowdfunding solutions!

Cost consideration – what do you get from the donation? Bitcoin versus FIAT

Let’s be honest – crowdfunding is all about one thing: money. And that’s why we now want to look at what percentage of your donors’ money actually goes NET to your crowdfunding fund. To do this, let’s first take a look at the fees:

Overview of fees (typical values)

1. platform fees

  • GoFundMe: 0 % platform fee (but only for fundraising campaigns), “voluntary” service fee proposed instead
  • Kickstarter: 5 % platform fee
  • Indiegogo: 5 % platform fee
  • Betterplace (for charitable projects): 0 % directly, but voluntary “tips” are heavily advertised

2. payment service provider fees (PayPal, Stripe)

  • PayPal / Stripe Standardapprox. 2,9 % + 0,30 € per transaction
  • International payments or foreign currency often incur a further 1-2% charge

We will now look at what this means using the example of a donation of €100.

Example of a net payout from a donation of €100

Platform Platform fee Payment fee Total deduction Payout to project
Kickstarter 5 % 3-5 % ~8-10 % 90-92 €
Indiegogo 5 % 3-5 % ~8-10 % 90-92 €
GoFundMe 0 % 2,9 % + 0,30 € ~3,2 % ~96,80 €
Betterplace 0 % 2,5-3 % ~2,5-3 % ~97 €

Note: With PayPal and Stripe there may be additional fees for currency conversion or country limits. For a donation of €10, for example, the fixed costs can account for a disproportionately large share.

In practice, therefore, depending on the platform and payment method, usually only 90% to 92% of the donation amount actually reaches the project or campaign. And especially with smaller donations or international payment transactions, the net percentage can drop even more significantly!

Bitcoin-based solutions such as Coinsnap largely avoid all these deductions – for example, Coinsnap only charges 1% fees, but no payment processing fees and no third-party fees are due.

That means: Up to 99% of the donation ends up directly in your wallet!

For what purposes can Bitcoin crowdfunding be used?

Bitcoin donations can be used in a variety of ways – here are some practical examples:

  • Private occasions
    Birthdays, weddings, surprise gifts
  • Creative projects
    Book publishing, album production, art
  • Social emergencies
    Medical aid, school materials, crisis support
  • Community initiatives
    Playground construction, environmental projects, clubs
  • Content financing
    YouTube series, podcasts, blog articles
  • Charity
    Support good NGOs / activists whose goals you want to promote, such as Bitcoin Zambia (an African education initiative), or a family you know in Ukraine…

Bitcoin crowdfunding has a huge advantage over all fiat crowdfunding platforms – only one percent of the donations are lost on the way from the donor to you – or your beneficiary (infrastructure costs)! Exactly 99% of the donations are credited to your wallet and are available for the purpose of the campaign!

In short, with Bitcoin crowdfunding there are practically no limits to your ideas and creativity: Whatever you want to finance – if you have a good idea and can describe it well to your readers / visitors / followers, then you can use Bitcoin crowdfunding to collect Bitcoin for it.

No matter what it’s about – if other people are interested, you can offer them an easy, fast and secure way to get involved with Bitcoin crowdfunding!

Provider comparison: Bitcoin crowdfunding for WordPress

There is currently only one dedicated Bitcoin crowdfunding for WordPress plugin in the official plugin directory – Coinsnap Bitcoin Crowdfunding. However, there are various providers that offer external solutions, which then have to be integrated manually. Some examples are these:

Solution Provider Payment methods Fees WP integration GDPR-compliant Special features
Coinsnap Bitcoin (Lightning + on-chain), FIAT payout to bank account optional 1 % Official WP plugin Yes Target amount, multi-amount, shout-outs
BTCPay Server Bitcoin (on-chain + Lightning) 0 % Manual integration Yes Open source, high control
Tallycoin Bitcoin (on-chain) 0 % Externally integrated Yes Profile pages, community approach
OpenNode Bitcoin + fiat payout ~1 % Restricted Partially Fiat conversion, centralized

Bitcoin crowdfunding for WordPress in practice using the example of Coinsnap

What does the plugin do?

The Coinsnap Bitcoin Crowdfunding Plugin for WordPress enables website operators to collect Bitcoin donations for projects, campaigns or personal causes directly on their own WordPress site. The special feature: The contributions are transferred in the form of Satoshis (the smallest unit of Bitcoin) directly and without detours to the wallet of the creator of the campaign – either via the Bitcoin Lightning Network or as a classic on-chain transaction. Processing is completely decentralized and without the involvement of third-party providers, banks or payment service providers.

What does the user interface offer?

Users can make their Bitcoin donations conveniently using a QR code and send a public shout-out or a personal message if they wish. These donor messages can optionally be displayed live on the website – a great way to create transparency and community. The donation forms are integrated using shortcodes and can be flexibly placed anywhere within the WordPress website – whether in pages, blog posts or widgets.

What do you need to use Coinsnap Bitcoin Crowdfunding?

All you need to use the plugin – in addition to a WordPress site – is a Coinsnap account or your own BTCPay server. A Lightning wallet or a wallet address is sufficient to receive donations. The plugin is fully GDPR-compliant, as no unnecessary data is stored, and is available free of charge in the official WordPress plugin directory.

How do I install and configure Coinsnap Bitcoin Crowdfunding?

The configuration is particularly beginner-friendly: After installation from the WordPress plugin directory, the connection to Coinsnap or your own BTCPay server can be established (see installation instructions).

All campaign parameters can then be set individually: The desired target amount in Satoshis, three preset donation amounts, the description of the project, a welcome text and an optional thank you message. In addition, fields for entering the name, e-mail address and personal message can be activated. If you wish, you can also use the shoutout function, which displays public donor messages directly on the website.

The form is easily integrated via an automatically generated shortcode that can be inserted anywhere on the website. Visitors then see a compact, modern donation form with a progress bar, countdown (if desired) and donation options. After scanning the QR code and confirming, the donation amount is transferred directly to the connected wallet of the campaign creator – quickly, securely and without detours.

Can I also use the plugin with my BTCPay server?

Coinsnap offers two operating modes: In simple mode, the connection is made via a Coinsnap account, which requires no prior technical knowledge. In advanced mode, tech-savvy users can connect the plugin to their own BTCPay server, giving them maximum independence and control over all aspects of the payment processing.

Excursus: legal framework for crowdfunding in Europe

In most countries of the European Community, collecting money as part of a simple crowdfunding campaign – e.g. for a private gift, a creative idea or a social project – is generally is generally permitted as long as no consideration is promised and there is no intention to make a profit exists. In this case, it is legally a case of gifts which do not require special authorization.

Important legal information:

  • Donations without consideration (donation-based crowdfunding) are unproblematic as long as they are made voluntarily and without any contractual obligation.
  • Who regularly or commercially collects funds (e.g. for a company) could be subject to the Asset Investment Act or other financial market regulations.
  • For charitable donations with a donation receipt you need the status of non-profit status from the tax office – purely private individuals are not allowed to issue tax-deductible donation receipts.
  • For higher individual donations a gift tax may be due – this is the responsibility of the recipient, although allowances apply (e.g. €20,000 for gifts from friends).
  • It is recommended to maintain transparency about the purpose of the crowdfunding and to use the funds for a specific purpose as described.

As long as you are a private individual or initiative without commercial intent Bitcoin donations for a specific cause–for example via WordPress and the Coinsnap plugin–you are operating within a legally permissible framework in most of Europe. However, individual tax or legal advice is advisable in the event of uncertainties or larger amounts.

Conclusion: Bitcoin crowdfunding for WordPress is ideal for collecting Bitcoin quickly, cost-effectively and without any technical or bureaucratic effort

Bitcoin crowdfunding for WordPress is the perfect solution for anyone who wants to raise financial support in the form of Bitcoin quickly and easily without any prior technical knowledge, bureaucratic hurdles or complicated third-party services.

People with a specific cause – be it a private project, a social project or a creative goal – benefit in particular from the simple setup and direct payout to their own wallet.

The Coinsnap plugin makes implementation extremely easy: a campaign is live in just a few minutes, donations can be accepted immediately, and supporters from the immediate environment or the online community can contribute to the success of the project without any barriers.

So if you are looking for a modern, independent and accessible crowdfunding solution, Bitcoin Crowdfunding for WordPress offers a clear path to your goal.

Start your first Bitcoin crowdfunding campaign now

With Coinsnap Bitcoin Crowdfunding you can start today to collect Bitcoin for your projects and causes from your followers and visitors.

You only have to follow three steps and you can launch your first Bitcoin crowdfunding campaign on your WordPress website in half an hour at the latest:

1. set up a Coinsnap account

2. install & link plugin

3. configure & place campaign

Register with Coinsnap, enter your email address, your WordPress URL and your Lightning address and click on the link in the email you receive from Coinsnap. Done.

Search for Coinsnap Bitcoin Crowdfunding in the WordPress backend under Add plugin, click on Install, and then on Activate. Open the plugin settings and enter the store ID and API key that you can find in your Coinsnap account. Done.

Go to Bitcoin Crowdfunding in the WordPress dashboard on the left, click on Crowdfundings and then on New Crowdfunding. Then fill out the form fields, copy the displayed shortcode where you want to run the campaign, and all deposits will be credited directly to your Lightning Wallet.

Set up a Coinsnap account

Introduction to Bitcoin Donations for WordPress

Posted on by Sebastian Paulke

Everything you need to know to receive Bitcoin donations!

Monetization is a key topic for bloggers, influencers and content creators. In addition to advertising, affiliate links or subscriptions, direct donations from the community are becoming increasingly important and Bitcoin donations (also known as Bitcoin donations ) are becoming an exciting alternative.

In this blog article, we shed light on what Bitcoin Donations are, why they are interesting for bloggers and influencers and how to use them easily – especially on WordPress.

Also, we compare different providers and introduce the Coinsnap Bitcoin Donation plugin in detail, including its three donation models simple, multi-amount and shoutout. At the end, there is a conclusion with a call to action on how you can integrate Bitcoin donations on your website yourself.

What are Bitcoin Donations?

Wordpress Bitcoin Donation pluginBitcoin donations are voluntary payments in the cryptocurrency Bitcoin that are made to support websites, projects or people. Instead of traditional currencies (fiat) such as euros or dollars, donors use Bitcoin to “reward” a blogger for a helpful article, for example, or to support an influencer for their content.

Technically, this usually works in such a way that the content creator provides a Bitcoin address or a donation button. Interested readers or followers can then send any amount using their Bitcoin wallet – worldwide worldwide, with just one click and directly to the recipient in just a few minutes.

There are two ways to transact Bitcoin: On-chain (classic Bitcoin transaction on the blockchain) and via the Lightning Network. Lightning is a secondary network that enables near real-time Bitcoin payments with minimal fees – ideal for very small amounts (micro-donations). Modern Bitcoin donation solutions often support both variants so that donors can choose whether they want to donate on-chain or via Lightning.

For you as a site operator, this means maximum flexibility: you can receive and store Bitcoin directly without having to rely on a third-party provider.

Why are Bitcoin Donations so interesting for WordPress bloggers and content creators?

Bitcoin Donations for WordPress offer their operators various advantages over the classic monetization method of fiat donations:

  • Global reach
    Bitcoin is available globally – wherever there is internet access. This means that every fan – no matter where in the world – can easily send you something. And without having to deal with bank details, PayPal & Co.
  • Maximum simplicity
    All it takes to make a Bitcoin donation is a scan and a click in the Bitcoin Lightning Wallet, and the support is on its way. This lowers the inhibition threshold for spontaneous “tips” enormously!
  • Low fees & no middleman
    With Bitcoin Donations, there are no typical payment provider fees as with credit cards or PayPal. Many Bitcoin payment solutions work with very low fees or even completely free of charge for the recipient. In addition, there are no middlemen or platforms that make money – the money goes directly to you.
  • No chargebacks or fraudulent payments
    Chargebacks or fraud are excluded in the blockchain and in the Lightning Network. You benefit from this just as much as your donor.
  • Independence & resistance to censorship
    It is particularly important for independent content creators not to be dependent on the mercy of individual payment service providers. Bitcoin is decentralized – no company can freeze your payments or “shut you down”. Even if services like PayPal or Patreon were to block you, loyal readers can continue to support you via Bitcoin. This level of independence and freedom of speech is unique!
  • Data protection for donors
    Many supporters wish to donate anonymously or under a pseudonym. With Bitcoin Donations, supporters do not have to disclose any personal data, names or addresses – just carry out a wallet transaction. This makes even security-conscious or shy supporters feel more comfortable. For you as the recipient, there are also fewer data protection issues, as hardly any personal data is processed (no credit card numbers, emails, etc.), which is in line with GDPR compliance.
  • Micro-donations and new interactions
    Lightning also enables tiny amounts (e.g. a few cents) that would never arrive with fiat due to the fees. This opens up new forms of interaction: readers could send a few Satoshi (the smallest Bitcoin unit) for each article they read as a token of appreciation. Such micro-donations add up and get the community more involved.
  • Reach new user groups
    Cryptocurrencies have long been mainstream. By accepting Bitcoin, you are showing yourself to be innovative and targeting the growing group of crypto enthusiasts. They prefer to support projects that are Bitcoin-friendly. Conversely, there are regions in the world where many people cannot use PayPal but can use Bitcoin. So you are potentially expanding your circle of supporters.

All of the above arguments make Bitcoin Donations highly attractive for bloggers, content creators and influencers, especially if they have a tech-savvy, cross-regional following and are looking for uncomplicated additional sources of income.

What business models and revenue streams are possible with Bitcoin Donations for WordPress?

Bitcoin donations are not only an expression of digital appreciation, but can also be specifically integrated into business-oriented models models. Here are some practical application scenarios for bloggers, influencers and website operators that offer more than just the classic “tip jar”:

  1. Donate in recognition of high-quality content
    A classic with clear benefits: You offer free, high-quality content (e.g. specialist articles, tutorials, explanatory videos) and give your readers or viewers the opportunity to show their appreciation by donating Bitcoin. The call for donations can be placed specifically at the end of each post – e.g.:
    “This post helped you? Support my work with a small Bitcoin donation.”
    In this way, donations become conscious recognition for specific achievements.
  2. Project or format financing (collect target amount)
    The aim here is to collect a clearly defined amount for a specific project – similar to traditional crowdfunding. Example:
    “I want to start a new video format and need 0.01 BTC for equipment and editing – help me reach my goal!”
    This can be integrated as a Bitcoin donation button on a landing page or in the blog. The transparency of the goal motivates many supporters – and you can display the progress as a total or as a percentage, for example.
  3. Donations to promote a good cause
    Not every donation has to benefit the operator directly. Many bloggers and influencers use their reach to promote a specific cause – e.g. digital education, environmental protection or freedom of expression online.
    You can use a Bitcoin donation form, for example, to say:
    “All Bitcoin donations this month will go to the open source initiative XYZ.”
    Thanks to the transparency of the blockchain, it is even possible to publicly verify that the donated money has been forwarded. This creates trust – and a willingness to donate!
  4. Donations for charitable causes (charity campaign)
    If you want to use your reach to do good, Bitcoin is also suitable for temporary charity campaigns. For example, you can start a campaign like:
    “Donate BTC for relief supplies in Ukraine – I will forward everything 1:1 to the NGO.”
    It is important here to communicate openly where the money is going, how the recipient will be reached and, if necessary, to provide proof. The use of shoutouts or public thank you lists can help to further increase the willingness to donate.

In short, with a little creativity, you can use Bitcoin Donations to generate Bitcoin income in a variety of ways. The important thing is that you describe the reason why you are asking for donations well and motivate your followers and visitors to donate a few sats.

Bitcoin Donations for WordPress: comparison of providers

If you use WordPress, there are now several providers and pluginsto receive Bitcoin donations. We compare three popular solutions below – Coinsnap, BTCPay Server and Coinbase Commerce – based on seven important criteria:

Criterion Coinsnap Plugin) BTCPay Server Coinbase Commerce
Payment methods Bitcoin (On-Chain & Lightning) Bitcoin (On-Chain & Lightning) Bitcoin + Altcoins (BTC, ETH, LTC… no Lightning!)
Fees 1%, no fixed costs 0% platform fee, self-hosting costs possible 1% transaction fee
Complexity Very simple (plugin, no own server) Very high: server hosting, server setup etc. Medium (account + possibly payment system (WooComerce) necessary
Customization Customizable (title, amounts, buton name, fields etc.) Complete control (open source), but DIY/programming skills required Specifications through Coinbase checkout, limited customization
Data protection Very high (only email + Lightning address required) Very high (self-hosted, no external data) Medium (large provider as intermediary)
WP integration Excellent (dedicated WP plugin, shortcodes) OK (WooCommerce plugin for stores; donations via buttons linkable Good for stores (WooCommerce), extra solution required for pure donations
other
  • BTCPay Server option integrated
  • no payment system (e.g. WooCommerce) required
  • can be installed directly from WordPress Plugin directory
 ideal for Bitcoin experts with programming knowledge no Lightning!

 

Coinsnap Bitcoin Donation Plugin in detail

After the overview we now want to take a closer look at the Coinsnap Bitcoin Donation Plugin as it has been specially developed for WordPress and is therefore a very attractive solution.

Functionality and features

The plugin “Coinsnap Bitcoin Donation” allows you to receive Bitcoin donations on your WordPress site with minimal effort. It connects your website to either Coinsnap or to your own BTCPay server – depending on your settings. This gives you the choice between a convenient all-in-one service (Coinsnap hosts everything for you) or maximum control (you use your own infrastructure). In both cases, the following applies: Payments are immediately credited to your Bitcoin wallet (Lightning) without Coinsnap storing them temporarily.

Implementation is deliberately kept simple: You install the plugin from the official directory, activate it and then go to “Bitcoin Donations -> Settings”. There you enter either your Coinsnap API data (if you use Coinsnap) or the access data to your BTCPay server. After this connection you can create donation buttons or forms. The basic settings (e.g. standard amount, texts, color scheme) can be made conveniently in the admin interface. Programming knowledge is not necessary – everything is done with clicks. You can use the shortcode to place the donation button: In the post text or at the desired position, you insert the shortcode displayed to you, which is then automatically replaced by a donation form.

Special functions

The Coinsnap plugin offers some great features out-of-the-box:

  • Free or fixed amounts: You can decide whether the donor enters the amount freely as a number (e.g. 20 sats), or whether you specify fixed buttons for e.g. 5€, 10€, 20€ (converted into sats). Both options are possible – even simultaneously in the multi-amount form(see below).
  • Message from the donor: There is an option to display a message field. The donor can leave a few words there (e.g. “Thank you for your content!”). As the operator, you will see this message in the admin area when the donation is made; for single and multi donations, the message remains private between donor and operatorand the shoutout it becomes public (see next point).
  • Shoutout function: The outstanding unique selling point is the Shoutout option. If you activate this option, the donor can enter a comment that will be displayed publicly on the website after a successful donation. publicly on the website. This creates a kind of guestbook or “wall of fame” for supporters. The plugin offers the option of displaying all shoutouts next to the form or on a separate page – this increases community participation and encourages others to make a shoutout too. Some WordPress operators use the Shoutout Donation to keep their comment pages SPAM-free – no spammer, and certainly no bot, will pay a few sats before leaving their unwanted comments!(further information)
  • Enter donor data (optional): If desired, you can add additional fields to the form, such as the donor’s name or e-mail address. This can be useful if you want to thank them personally or send something to larger supporters, for example. However, these fields are optional and can be omitted to preserve the anonymity character anonymity.
  • Security: The plugin is based on the open source technology BTCPay Server, . All transactions run via secure channels (Coinsnap API with key, BTCPay via URL/key). This means you don’t have to worry about someone redirecting your donations without authorization – as long as you don’t pass on API keys, everything is secure. In addition, the Bitcoin does not remain in WordPress or the plugin, but goes directly to your wallet, which further minimizes the risk.

The three donation models

As already mentioned, the Coinsnap plugin provides three different types of donation forms available:

“Simple” (Bitcoin Donation Button)

A simple Donation form that can be places anywhere on your websiteThis is the classic donate button. In its simplest form, it is a “Donate Bitcoin” button that can have a small input field for the amount. The visitor can usually enter the desired amount here (or there is a preset default) and optionally leave a message for you. After clicking on “Donate”, a QR code or payment link is generated, which the user can pay with their wallet. This model is suitable if you want to keep it as simple as possible ideal for sidebar buttons or at the end of blog posts with the call “If you liked the article, I’d appreciate a Bitcoin donation!”.

“Multi-Amount” (three preset donation amounts)

Predefine three fixed contribution amounts with the Multi-Amount Donation FormThis is a donation form that three predefined amounts to choose from. For example, you could offer €5, €10, €20 in sats to choose from (you define the exact values in the plugin setting). The user then simply clicks on one of the buttons instead of entering an amount themselves. Of course, a message field can also be included here. Multi-Amount is suitable for giving donors an orientation many then opt for the average value. It lowers the cognitive hurdle (“How much should I give?”). Technically, the plugin generates three buttons next to each other. As soon as the user clicks on one, the payment process runs in exactly the same way as with the simple model. This format is ideal for donation pageswhere you ask for support and provide suggestions straight away.

Test Coinsnap Bitcoin Donation

Try live demo

 

“Shoutout”

Let contributors leave a public message with the Bitcoin Shoutouts plugin
Let contributors leave a public message with the Bitcoin Shoutouts plugin

This is the special model where the donor receives a public message/comment can leave. The form asks for a nickname and the message (amount too, of course), and after payment this message is displayed on your website – either directly next to the donation form or collected on a special page: you can place the shoutout list via shortcode wherever you want.

This model is great for engaging the community: Donors feel heard because their message is visible. Example: A reader donates 500 sats and writes “Great article, helped me a lot! – Max”. This message may then appear below the article in a list of supporter comments. In this way, new visitors will also see that your work is appreciated and may be motivated to donate and write something as well.

Spam protection is automatically provided – anyone who wants to troll would have to pay at least a few satoshi, which significantly increases the inhibition threshold. Many creators use shoutouts to enable live interactions (e.g. you could read out the latest shoutouts in the stream, etc.). The Coinsnap plugin offers this function out-of-the-box, which sets it apart from other donation solutions.

With its features and user-friendliness, the Coinsnap Bitcoin Donation Plugin is an all-round well thought-out solution for WordPress: It combines user-friendliness user-friendliness, flexibility and security. Whether you simply want to add a small donation button or an interactive donation board with comments – the plugin provides the necessary functions.

In addition, it is free of charge and advertises with strong arguments such as instant credit to your wallet, absolutely beginner-friendly and GDPR-compliant. For bloggers and influencers who want to set foot in the Bitcoin world, trying out this absolutely recommend trying out this plugin!

Test Coinsnap Bitcoin Shoutout

Try live demo

Conclusion: Bitcoin Donations for WordPress open up new sources of income

Bitcoin Donations for WordPress are more than just hype – they offer WordPress bloggers and content creators a new, future-oriented source of income.

Low fees, global reach and technical simplicity make Bitcoin donations an attractive alternative or supplement to traditional donations via PayPal & Co. WordPress users benefit in particular from special plugins such as Coinsnap, which make integration a breeze. We have seen that anyone can set up a Bitcoin donation function on their site in just a few steps – and thus provide their community with a modern way to donate, say thank you in the form of Bitcoin in the form of Bitcoin.

For you as a blogger/influencer, this means: why not simply test? Set up Bitcoin donations on your website today – for example with the Coinsnap plugin presented here – and convince yourself of the possibilities . Your readers will love having another option to support you. And you’ll open up a source of income that fits perfectly into the digital age.

Get Bitcoin Donations for WordPress now

Download plugin on WordPress

Accept Bitcoin payments in Shopify

Posted on by Sebastian Paulke

Accept Bitcoin payments in Shopify – here’s how!

Shopify is one of the world’s leading e-commerce platforms today.
About 4.5 million active online stores in more than 175 countries rely on the Canadian company, which is known for user-friendliness, scalability, and a vast selection of extensions.
From small creative shops to medium-sized brands and international wholesalers – Shopify is the backbone of countless digital business models.

As money and payment flows become increasingly digital, interest in Bitcoin as a means of payment is growing – not only among tech-savvy customers, but also in the mainstream.
For Shopify merchants, integrating Bitcoin payments means:

  • Global solvency without currency barriers
  • Lower transaction costs compared to traditional payment service providers
  • Protection against chargebacks
  • Access to a growing, solvent Bitcoin community
  • Innovative brand image through openness to modern technologies

Despite these advantages, Shopify does not natively support Bitcoin payments in the checkout – there is no official Shopify Lightning or Bitcoin Payment option.
However, there are now easy solutions that let you accept Bitcoin payments in Shopify without coding.
Providers like Coinsnap make this possible (see below).

In this article, you’ll learn how to integrate Bitcoin payments into your Shopify store, which tools are available, and what to watch out for.

Status quo: Accepting Bitcoin payments in Shopify

Shopify supports a wide range of payment methods, divided into proprietary solutions, integrated providers, and manual payment methods.

Shopify Payments (only available in certain countries)

  • Shopify’s own payment platform
    • Accepts credit cards (Visa, MasterCard, Amex, etc.)
    • Accepts Apple Pay, Google Pay, Klarna, iDEAL, Sofortüberweisung, and more
    • No third-party account required

External payment providers

Shopify supports hundreds of external providers depending on your region, for example:

  • PayPal
  • Amazon Pay
  • Stripe
  • Mollie
  • Adyen
  • Skrill
  • 2Checkout

Alternative payment providers

  • Cryptocurrencies (via third-party providers)
  • Bank transfer
  • Cash on delivery
  • Payment on account
  • Custom manual methods

Shopify currently has no native Bitcoin checkout integration.
Merchants must use alternative or custom payment methods.
However, Shopify does not charge transaction fees on sales processed via alternative payment providers like Bitcoin Lightning.

Provider overview: Accept Bitcoin payments in Shopify

Here are some popular providers enabling Bitcoin payments in Shopify:

Provider Lightning On-chain Shopify-compatible Special feature
Coinsnap + + + (via proxy/app) No KYC
Direct payout to wallet
Simple DIY
Free Shopify integration service
Optional fiat payout
BTCPay Server + + + (custom) Open Source
No fees
Coinbase Commerce – + + (manual) KYC required
OpenNode + + + (API/Widget) Payout in fiat possible
Flash + – + (manual) No KYC
Setup with Flash support team

Important selection criteria for merchants

If you’re not technically inclined, choose a provider that simplifies setup and doesn’t require deep coding knowledge.
Coinsnap, for instance, offers payment processing and even a free integration service.

Consider also whether you want to avoid lengthy KYC/KYB verification.
Coinsnap operates non-custodially and is fast to onboard.
You should also review:

  • Payout speed (instant, daily, or threshold-based)
  • Lightning vs on-chain support
  • Ease of accounting exports

How does shopping with Bitcoin in Shopify work?

From a customer’s perspective, paying with Bitcoin is simple. Instead of entering card data, a QR code is shown for payment via Bitcoin or Lightning.

Example: Coinsnap for Shopify

1. Customer proceeds to checkout and selects “Pay with Bitcoin/Lightning”.
2. They review their order and click Complete order.
3. A Bitcoin QR code appears; they scan and confirm payment in their Lightning wallet.
4. Upon successful payment, Shopify marks the order as paid and sends notifications.

Why use a third-party provider for Shopify Bitcoin payments?

The pitfalls of closed systems

Shopify’s checkout is tightly controlled — Bitcoin and Lightning aren’t supported natively.
Alternative payments must be integrated using app proxies, custom redirects, or manual payment methods.
These workarounds require technical know-how.

The advantages of third-party Bitcoin payment providers

Providers like Coinsnap simplify this with ready-to-use Shopify apps or services, often charging around 1% per transaction.
Let’s look at how easy it is with Coinsnap.

Accept Bitcoin payments in Shopify in 3 steps with Coinsnap

Coinsnap is a European provider specializing in Bitcoin Lightning payment solutions.
It offers a free Shopify integration service that gets you live in three steps:

1. Set up a Coinsnap account

Register at app.coinsnap.io/register, confirm your email, and add your store and Lightning wallet address.

2. Set up Shopify admin for Coinsnap

Follow this guide to create a Shopify admin for Coinsnap in your backend, allowing their team to connect both systems.

3. Start free Shopify integration

Return to your Coinsnap dashboard and start the installation service.
The Coinsnap team completes setup so your store can immediately offer Bitcoin/Lightning checkout with automatic payouts to your wallet.

Conclusion: Accepting Bitcoin payments in Shopify has never been easier

Shopify doesn’t support Bitcoin natively, but third-party solutions like Coinsnap make it effortless.
Their integration service lets you go live without coding, and payments are processed securely to your wallet or bank.

Questions & answers about accepting Bitcoin payments in Shopify

❓ Is it legal to offer Bitcoin payments in Shopify?
Yes. Just record and report your revenues as usual.

❓ Does my customer need a Lightning wallet?
No. Coinsnap supports both Lightning and on-chain.

❓ Can I convert Bitcoin payments to EUR/USD automatically?
Yes, if you connect your account to DFX for fiat payout.

❓ How does the customer know the payment succeeded?
They’ll see a confirmation screen and get Shopify email notifications.

❓ What if the payment fails?
The order remains marked as “pending” in Shopify.

❓ How are Bitcoin payments recorded for accounting?
Use tools like CoinTracking integration for compliant bookkeeping.

Mistakes to avoid when accepting Bitcoin in Shopify

  • 🚫 Only offering on-chain (Lightning is faster and cheaper)
  • 🚫 Not backing up your wallet
  • 🚫 Using providers without Shopify experience
  • 🚫 Failing to promote Bitcoin as a checkout option
  • 🚫 Ignoring local legal/tax requirements

Accept Bitcoin payments in Shopify now

Accepting Bitcoin payments in Shopify is easy with Coinsnap for Shopify.
Sign up, create an admin for Coinsnap in Shopify, and start the free installation service — no coding required.

Coinsnap Bitcoin Voting: Create secure, interactive and profitable polls and earn Bitcoin with every vote!

Posted on by Sebastian Paulke

In a digital world full of bots, spam and fake surveys, it is becoming increasingly important to distinguish genuine user interaction from automated distortion. This is exactly where our new, innovative solution comes in: Bitcoin Voting with the Coinsnap plugin for WordPress.

With the Coinsnap Bitcoin Voting plugin, you can not only offer secure, paid voting on your WordPress website, but also earn a few Satoshis – the smallest unit of Bitcoin – along the way.

Find out more in this article:

  • What Bitcoin Voting is
  • What advantages it offers – for you and your visitors
  • How to install and configure the Coinsnap plugin
  • For whom Bitcoin Voting is particularly worthwhile
  • How you can even use the voting plugin as a competition

What is Bitcoin Voting?

Bitcoin Voting is an innovative voting system in which participants make a small Bitcoin payment to take part in a survey or vote.

With the Coinsnap Bitcoin Voting plugin for WordPress, this payment is processed in sats (satoshis) – micropayments that are perfect for interactions on the web.

The idea behind it: Anyone who wants to vote must pay a small amount – e.g. 50 or 100 sats. This makes participation valuable, spam-resistant and bot-proof. At the same time, the site operator receives a small reward – in the form of Bitcoin.

Why paid votes?

In traditional online surveys, it is almost impossible to prevent bots, multiple participation or manipulation.

Coinsnap Bitcoin Voting solves this problem with a simple but effective mechanism: only those who pay are allowed to vote. And of course you can also specify that each visitor can only vote once!

Advantages of Bitcoin Voting:

  • Protection against bots and spam votes
  • Higher quality interactions through real users
  • Small additional income through micropayments
  • Low entry barrier for participants (a few sats)
  • Full control over options, duration and conditions

Be creative and decide:

  • How many possible answers there are (up to four)
  • What choices your voters have
  • How many sats a vote costs
  • Whether multiple votes are allowed
  • How long the voting runs for
  • Whether additional information (name, e-mail, address) is requested – e.g. for competitions

How easy the Coinsnap Bitcoin Voting plugin works

 

The Coinsnap Bitcoin Voting plugin is specially developed for WordPress and is very easy to set up. It works with the Coinsnap Gateway (for which you don’t need any specialist knowledge) as well as with your BTCPay Server if you are an advanced Bitcoiner.

And, most importantly, with Coinsnap Bitcoin Voting you are completely independent of third-party providers or central payment services – so you don’t have to answer endless questions or provide extensive proof or documents: To bring Bitcoin Voting to your WordPress site with Coinsnap, all you have to do is register with your email address, your website URL and the address of your Bitcoin Lightning wallet.

Ready to go in just three steps

If you want, you can offer Bitcoin Voting on your website in just 10 minutes. It’s very simple:

Install the plugin

Download the Coinsnap Bitcoin Voting plugin from the WordPress plugin directory or from Github.

Configure a poll

Specify the voting options, define the price per vote and select the desired additional functions (e.g. conditions of participation, duration of poll, requesting information).

Place the poll

Insert the generated shortcode at the desired position on your website – done!

What are the technical requirements?

The technical requirements for using Coinsnap Bitcoin Voting are minimal. All you need is:

  • an up-to-date WordPress website
  • the Coinsnap Bitcoin Voting plugin
  • a Coinsnap account (and if necessary your own BTCPay server)
  • a Bitcoin Lightning wallet for receiving the sats

Example: A Bitcoin vote on your website could look like this

Imagine you run a Bitcoin blog and want your readers to vote on which Bitcoin Lightning wallet is the best. In the config-tab you create a poll with four options:

  • Wallet of Satoshi
  • Blink Wallet
  • Strike Wallet
  • Aby Wallet

You specify that each vote costs 21 sats (less than a cent at the current exchange rate). Your readers choose their favourite wallet, pay the amount via Lightning – and you not only get a real result, but also a small reward!

Bitcoin voting as part of a competition

A particularly exciting feature of the Coinsnap plugin is the option to expand the voting into a competition. You can specify that participants also leave personal details such as their name, email or address so that you can send them the prize if they win.

This makes Bitcoin Voting not only a tool for voting, but also a smart tool for:

  • Customer loyalty
  • Newsletter development
  • Lead generation
  • Community campaigns

In short: Coinsnap Bitcoin Voting is more than just a voting tool. With this plugin you can activate your followers, generate new income and gain interesting insights into the opinions and interests of your crowd!


Results of a Coinsnap Bitcoin Voting poll

For which WordPress bloggers or website operators is Bitcoin Voting worthwhile?

Bitcoin Voting is suitable for all WordPress operators who want to encourage genuine user participation and at the same time benefit from a small but steady stream of income.

The plugin is particularly worthwhile for:

Content creators and bloggers
Offer your community the opportunity to co-create content – in return for a small Bitcoin donation.

Shop operators
Let customers vote on new products or designs – and combine the voting with exclusive discounts or giveaways.

Clubs and communities
Organise democratic, tamper-proof votes within your community.

Startups and developers
Test feature ideas with real users – and use the payment principle to filter out only serious opinions.

Conclusion: Bitcoin Voting – the perfect combination of user participation and monetisation

Get more out of your website with the Coinsnap Bitcoin Voting plugin. You activate your visitors, offer them an interesting form of co-determination and protect your surveys from manipulation at the same time. And best of all: you earn a few sats with every vote.

The plugin can be seamlessly integrated into WordPress, is flexibly customisable and even offers the option of running competitions. For anyone who uses Bitcoin – or wants to try it out – this tool is an easy way to combine web interaction and Bitcoin microtransactions.

How to install a Blink wallet and get a Lightning address to accept Bitcoin

Posted on by Sebastian Paulke

In this blog, we explain what the Blink Wallet is and why it is particularly suitable for merchants who sell their offerings for Bitcoin but do not want to hold the Bitcoin for the long term, but need its equivalent value for ongoing operations.

In this article, you will learn how to install and set up a Blink Wallet and create a personal Lightning address. We’ll also explain how to choose the right account type for your business needs and how to set the wallet to your national fiat currency.

With the step-by-step guide, you can create a business-ready Bitcoin Lightning wallet in just a few minutes and start marketing your Bitcoin offering.

Inhalte  Verbergen 

What is the Blink Wallet?

The Blink Wallet is a custodial Bitcoin Lightning Wallet that contains two balance accounts – one for Bitcoin, the other for US dollars (Stablesats). “Custodial” means that your funds are held by Blink. (You should therefore regularly transfer your earnings to your Bitcoin hardware wallet).

The two different balance accounts give you the choice of participating in changes in the price of Bitcoin against the dollar (Bitcoin account) or excluding the volatility risk (dollar account), see below.

And – very important – with the Blink Wallet you will also receive a Lightning address, which you can name yourself (and thus e.g. “brand”), see below. You can use this Lightning address for your Coinsnap account – so that all your incoming payments will be credited there!

Another important feature of the Blink Wallet is that you can receive (and of course make) payments with Lightning or on-chain, depending on your needs and wishes. Lightning payments are ideal for amounts under around €1,000, as Lightning payments are lightning fast and particularly cheap. If you need to receive larger amounts, we recommend the on-chain payment method, which takes a little longer and is slightly more expensive but can also process large amounts for which Lightning is not suitable.

We will show you below how to install the Blink Wallet, set up your Lightning address, select your preferred credit type and your local currency.

Install and set up a Blink Wallet

You can find the Blink Wallet in your app store for both Android and iPhones. We will now install Blink for iPhones.

To do that, go to the app store, search for “Blink” and select the “Blink (Bitcoin Beach Wallet)” App [1]. Once she has been downloaded, click on “open” [2] and then on “create new account” [3] on the app’s home screen.

Now you have to accept the terms and conditions [1], enter your phone number and click on “Send by SMS” [2]. You will then receive a code via SMS, which you enter in the next window. You will then be in your Blink Bitcoin Lightning Wallet for the first time [3].

You have now installed Blink and set up an account. To be able to work with Blink – or to use the Blink wallet to register with Coinsnap – you still need to do two things: First, to set up your Lightning address, then to select the default account. We will show you how to do this in the following two paragraphs.

Create your branded Lightning address

Without your personal Lightning address, you cannot receive or make Bitcoin Lightning payments. In particular, you need your Lightning address so that your customers’ payments can be credited to you. Blink makes it easy for you to create a personalized or branded Lightning address.

To do that, go to the menu [1] and click on “Set Your Lightning Address” [2] under “Ways to get paid” on the next screen. In the pop-up, enter the name of your address, we’ll enter “CoinsnapDemo” here, and then click on “Set Lighting address” [3].

Now you have a fully-fledged, personal Lightning address (in our case “CoinsnapDemo@blink.sv” ) – and you’re ready to accept Bitcoin payments from customers from all over the world!

Select your preferred account type (Bitcoin or Stablesats/USD)

Now all you have to do is select your preferred account type. This is important, as the Bitcoin price is subject to constant fluctuations, which can be quite significant.

If you believe in the long-term growth of the Bitcoin price and do not want to spend your Bitcoin immediately or transfer it to your company bank account in your local currency, you should choose Bitcoin as your default balance type. If you want to play it safe or realize your earnings 1-to-1, you are better off with the dollar account.

To choose your preferred account type, go to “Default Account” [1] under “Preferences”. On the next screen, you can now select “Bitcoin” or “Stablesats (USD)” [2]. (In our case, we have selected “Bitcoin”.)

Depending on what you have selected, you will now receive your earnings either on the Bitcoin account, where their value can increase (or decrease), or on the dollar account, where – regardless of the Bitcoin exchange rate – your exact sales value will be kept (in US dollars).

Select local currency

Last but not least, you should select your local currency so that you can see your balances in the currency you are selling your listings for. This is just as easy as selecting the default account.

Simply go to “Currency” [1] in the menu under “Preferences” and select your local currency from the following drop-down menu [2]. Now your home screen is switched to euros [3] and you don’t have to convert your account balances every time to know what you own (in euro-equivalent credit)!

Conclusion

The Blink wallet is quick and easy to install and is characterized by its simple operation.

The offer of a Stablesats dollar account is particularly interesting for merchants who want to act at short notice to pay invoices, for example. With the dollar account, they hedge against short-term fluctuations in the Bitcoin exchange rate and can realize their sales at the actual sales price.

The Blink wallet is therefore ideal for entrepreneurs to be credited with Bitcoin sales from their online store.

If you are unsure whether Blink is the right wallet for you, here are some other wallets that are supported by Coinsnap and that we recommend.

Accept Bitcoin on Wix

Posted on by Sebastian Paulke

Accept Bitcoin on Wix

What is Wix?

Wix is an all-in-one platform that simplifies creating and managing websites.
With its drag-and-drop editor, it empowers millions of merchants to build visually engaging websites
without coding experience. Wix offers a variety of industry-specific templates and tools for branding,
eCommerce, and marketing.

Its built-in eCommerce and marketing capabilities let merchants manage inventory, track orders,
and process payments from a single dashboard. Integrated SEO, email, and social tools help boost traffic and visibility.

Thanks to its affordability, scalability, and mobile optimization, Wix is ideal for small and medium-sized
businesses seeking a professional online presence. The platform’s flexibility, app integrations, and global reach
make it a popular choice for entrepreneurs worldwide.

Why do merchants use Wix?

Wix stands out for its ease of use, robust eCommerce capabilities, and affordability.
Merchants can design professional online stores, manage catalogues, handle shipping, and offer multiple payment options.
Built-in analytics enable data-driven business decisions.

With its wide selection of templates and customization options, even non-technical users can create
unique, branded websites. Wix also bundles hosting, SSL, domains, and SEO tools into affordable plans — eliminating
the need for multiple service providers.

All Wix websites are mobile-friendly and can integrate additional tools from the Wix App Market,
including payment gateways, booking systems, and marketing apps. With multi-language support and
global payment options, Wix is particularly suited for small businesses, creatives, and entrepreneurs
who want scalability and convenience.

In an evolving economy, accepting Bitcoin allows Wix merchants to expand into the digital currency market
while offering secure, borderless payment options to their customers.

Why accept Bitcoin on Wix?

Accepting Bitcoin provides global reach, low fees, and fraud-resistant payments.
It eliminates currency conversion, supports international buyers, and reduces transaction costs compared
to traditional methods like PayPal or credit cards.

Bitcoin payments are irreversible, eliminating chargeback fraud and increasing merchant security.
They also appeal to tech-savvy customers who prefer digital currency, helping businesses stand out as
innovative and future-focused.

As Bitcoin adoption grows globally, enabling Bitcoin payments is a strategic move that helps
future-proof businesses and meet evolving customer expectations.

Overview of the Bitcoin-Lightning Network

The Bitcoin-Lightning Network is a second-layer payment system that enables near-instant,
low-cost Bitcoin transactions. It solves Bitcoin’s scalability limits by handling payments off-chain,
making it ideal for microtransactions and daily use.

Lightning transactions are instant and low-fee, avoiding blockchain congestion
while supporting global scalability. For merchants, this means faster payments, lower fees, and a smooth checkout experience.

Reasons and facts why to accept Bitcoin on Wix

Bitcoin payments provide a competitive edge

Offering Bitcoin payments gives Wix merchants an advantage in reaching global, tech-driven customers.
It’s especially appealing to younger demographics and cross-border buyers.

If merchants accept Bitcoin on Wix, their key benefits include:

  • Lower transaction costs — reduced fees versus traditional processors.
  • Fraud prevention — irreversible payments eliminate chargebacks.
  • Global reach — no currency exchange friction for international buyers.
  • Innovation appeal — projects a forward-thinking brand image.

Can merchants accept Bitcoin on Wix?

Yes. While Wix doesn’t natively support Bitcoin, merchants can integrate third-party
payment processors like Coinsnap to enable Bitcoin payments seamlessly.

What do I need to do to accept Bitcoin on Wix?

Enabling Bitcoin on Wix is straightforward. Choose a Bitcoin payment provider like Coinsnap,
which integrates with the Bitcoin-Lightning Network.
Then set up a Bitcoin-Lightning wallet (e.g. BlueWallet or Wallet of Satoshi) to receive payments.

Install the provider’s plugin — for Coinsnap, download it from
GitHub and follow the
setup guide.

Configure your Coinsnap account and wallet in the plugin settings, then test the integration before
activating it for customers. Once confirmed, your store will accept Bitcoin payments instantly.

Which plugins can I use to accept Bitcoin on Wix?

Coinsnap

Coinsnap provides Bitcoin/Lightning payments for Wix merchants:

  • Easy Lightning wallet integration.
  • Instant, low-fee transactions.
  • No chargebacks or fraud risk.

Coinsnap even offers a free installation service for merchants who prefer hands-off setup.

Learn more

BTCPay Server

An open-source, decentralized Bitcoin processor:

  • Free and self-hosted.
  • Invoices embeddable via HTML in Wix.

Best for advanced users with technical experience.

CoinGate

Supports 70+ cryptocurrencies with optional automatic fiat conversion and embeddable payment buttons.

NOWPayments

Allows merchants to accept Bitcoin and other cryptocurrencies with customizable payment buttons and
crypto-to-fiat conversion.

BitPay

A trusted crypto processor supporting Bitcoin, Bitcoin Cash, and others.
Requires strict KYC verification for merchant onboarding.

Bankful

Accepts Bitcoin, Ethereum, and USDT through Wix checkout.
However, Bankful doesn’t support direct wallet transfers.

Can I implement Bitcoin payment on Wix myself?

Yes — Coinsnap for Wix can be implemented easily.
Create a Coinsnap account,
download the plugin from GitHub,
install it, and configure your wallet in the settings.

After testing, publish your Wix store with Bitcoin payments enabled.
Coinsnap offers 1% transaction fees and no intermediaries or fiat conversions.

Can I get professional help implementing Bitcoin payment on Wix?

Accept Bitcoin on Wix with Coinsnap’s cost-free installation service

Coinsnap provides a free installation service to help merchants integrate Bitcoin payments into Wix.
Their team sets up your Coinsnap account, plugin, and wallet, verifies the setup, and ensures payments
flow directly to your wallet without fiat conversion.

Accept Bitcoin on Wix with Coinsnap’s free installation service

Request free installation

Addressing common concerns about accepting Bitcoin on Wix

Bitcoin payments are secure, transparent, and irreversible, eliminating chargeback fraud.
Solutions like Coinsnap use the Lightning Network for fast, private, off-chain processing.

Setup is simple — Coinsnap’s three-step integration (create account, set wallet, install plugin)
requires no technical expertise.
For merchants concerned about volatility, Bitcoin can be converted automatically to stablecoins or fiat.

Success stories of merchants that accept Bitcoin on Wix

Duftbar, a Swiss online shop for premium fragrances and décor, integrated
Bitcoin-Lightning payments using Coinsnap for Wix.
This allowed instant, low-fee payments directly from customer wallets via the Lightning Network.
The integration was handled free of charge through Coinsnap’s installation service.

Since implementing Coinsnap, Duftbar has positioned itself as an innovative retailer
offering secure, modern payment experiences to a global audience.

Visit their website: https://duftbar.ch/

Conclusion: It’s not complicated to accept Bitcoin on Wix

Accepting Bitcoin lets merchants reach new audiences, cut fees, and prevent chargebacks.
With Coinsnap, integration takes minutes and requires only a wallet and email address.
The Lightning Network ensures instant, low-cost Bitcoin payments suitable for any business size.

Accept Bitcoin on Wix now!

Start accepting Bitcoin payments today with Coinsnap — the fastest, easiest solution
for Bitcoin-Lightning integration on Wix.

Create Coinsnap Account
Download Plugin
Request Free Installation

Strike Business – Bitcoin-Lightning Wallet for companies

Posted on by Sebastian Paulke

Table of contents  Show 

Strike Business is a custody wallet where your funds are held by Strike and you have to go through a KYC process for your business.

In return, you receive a Bitcoin Lightning wallet with a Lightning address and can manage both Bitcoin and Lightning in one account and also receive an account for euros.

You will receive a Lightning address that you can store if you accept Bitcoin payments via Coinsnap in your online store or on your website.

Strike Business is of interest to all companies that receive Bitcoin payments and wish to either keep the Bitcoin received or convert it into euros.

To open a Strike Business account, go to https://strike.me/business The entire process is partly in English, as is the subsequent email communication with the Strike Onboarding Team. After clicking on Get Started, you will be asked to fill out a form. There you will need to fill out a form in which you provide your name, your personal e-mail address, the name of the company, the location of the company, the URL of the company’s website and the purpose for which you want to use Strike Business. If you already have a private Strike account, make sure you use a different email address here. Ideally an email address that is associated with the company. You will then have to wait until you receive a message from Strike. A few days later you will receive an email to start the registration process:

 

 

It is an advantage to find out in advance what to expect and it is advisable to compile the relevant documents in advance.

Shareholder audit

An audit includes the KYC audit of the acting persons of this company. These are the directors and managing directors and all shareholders who hold more than 10 percent of the shares in the company. Each of these persons is then asked by e-mail to send a photo of an identification document and to provide proof of their residential address in the form of a bank statement or utility bill.

Company audit

In addition to the persons involved, the company must also be checked. Company documents such as an extract from the commercial register and a current bank statement with the company name and address are requested for this purpose. Once you have prepared everything, click on “Start your onboarding” in the email. You will be redirected to a website where the onboarding process takes place. The link may already have expired. Then simply reply to the email you received. I’ve always gotten the best email support from this later. Once you’re on the website, you’ll go through several steps where you enter the relevant information we just talked about.

Strike Business Dashboard

After successful registration, we can log in via the URL https://dashboard.strike.me/login log in to the Strike Business Dashboard. In contrast to the Strike account for private use, which is managed as an app on the smartphone, the Strike Business account is managed via the web. Those who already have a private Strike account will be familiar with the handling of both accounts.

Cash Balance Account

At Strike you have an account in which the euro balance is managed. You can receive bank transfers to the account. You will receive the relevant bank details when you click on Deposit. Deposits can only be made from a bank account in the same name as the Strike account and Strike only supports Euro currencies for European customers. Withdrawals cannot be made yet, as we need to deposit our bank account first. To do this, go to Accounts and then to Add bank account. You can then enter the IBAN of your own bank. Payouts are only made to the company account.

Bitcoin Balance Account

We also have the Bitcoin Lightning account, which supports both Onchain Bitcoin and Lightning. With Onchain, the Bitcoin address is displayed to receive payments. Once as an onchain address and additionally as a QR code. To receive payments via Lightning, you must first create a Lightning Invoice. To do this, enter the amount in Bitcoin that you would like to receive. Please note that the entry is made in Bitcoin, i.e. with decimal places. So if you want to create a Lightning Invoice for 100,000 sats, the entry is 0.00100000 or 0.001.

Lightning Address

You can also receive Lightning via your Lightning address. Your Lightning address is username@strike.me But how do you get your username? Click on the three dashes at the top right and your username will be displayed, which unfortunately cannot be changed. If you accept Bitcoin payments with Coinsnap in your online store or on your website, you enter your Lightning address there. The credits are credited directly to your Strike Business account via this Lightning address. However, the Lightning credit is not credited to your Bitcoin account, but converted into euros and credited to your Euro Cash account. If you do not want to keep the Bitcoin, but prefer to have the Bitcoin turnover credited in euros, then you do not need to do anything. However, if you want to keep the Bitcoin you receive, you must contact Strike Support and request that the conversion is not carried out and that the Bitcoin is credited directly to your Bitcoin wallet. You can reach Strike support at support@strike.me

Send Bitcoin to the hardware wallet

You can use the Send Bitcoin button to send Bitcoin via On-Chain or Lightning. If your Bitcoin balance on the Strike Bitcoin Wallet has become too high, it is advisable to transfer this Bitcoin to a secure Bitcoin hardware wallet, such as the Bitbox02. It is pleasing to note that Strike does not charge its own fees for Bitcoin withdrawals, as is often the case with other Bitcoin wallets. Only the fees for the Bitcoin blockchain that the miners receive are charged.

Receive Bitcoin – Credit in Euro

If you have deposited the Lightning address you received from Strike with Coinsnap, your customers’ Bitcoin payments will be credited directly to the Strike wallet. The question now arises as to which Strike account the credit should be made to. To the Bitcoin account or to the Euro Cash account? The default setting for Strike Business is to the Euro Cash account. For traders who are wary of the volatility of the Bitcoin price, we recommend retaining this setting. For example, if the end customer pays €50, this amount will be credited to your Euro Cash account minus the fees. These fees are on the one hand the fees that Coinsnap charges for its own services and on the other hand the exchange fee from Strike. If you would like to offer your customers the option of paying with Bitcoin, but would like to be credited in euros, Strike offers you an immediate conversion at the most favorable fees. The immediate conversion upon receipt of the Bitcoin payment is very advantageous and you are thus protected against the volatility of the Bitcoin exchange rate. Strike Business is particularly recommended for merchants who receive Bitcoin payments from their customers and want an immediate credit in euros.

Receive Bitcoin – Credit in Bitcoin

Currently, incoming Lightning payments are converted directly into euros via the Lightning address and then credited to the Euro Cash Wallet.

However, if you wish to keep the Bitcoin you receive, you must contact Strike Support and request that the conversion is not carried out and that the Bitcoin is credited directly to your Bitcoin wallet.

You can reach Strike support at support@strike.me

Fees

Strike impresses with its low fees and, unlike other Bitcoin Lightning wallets, does not charge any fees for certain services.

Euro deposits and withdrawals

You can make deposits and withdrawals to the Euro Cash account in our Strike Wallet by bank transfer. Strike does not charge any fees for deposits or withdrawals to another bank account.

Bitcoin deposits and withdrawals

You can send and receive deposits and withdrawals from your Bitcoin wallet via Onchain and Lightning. Strike does not charge any fees for deposits and withdrawals of Bitcoin payments.

Lightning

There are no fees for switching from Lightning to Onchain or vice versa. You can therefore receive Lightning credits from your customers, which are credited to the Strike Bitcoin wallet and transferred to your Bitcoin hardware wallet at no additional cost. Other Bitcoin Lightning wallets charge an average fee of 0.5% for forwarding to an on-chain Bitcoin wallet, which Strike does not charge. To be fair, however, it must be pointed out that network fees are incurred when paying via Lightning and Onchain. However, these fees are not charged by Strike, but the actual network costs are passed on. Lightning payments only incur routing fees, which are in the millicent range.

Onchain

Onchain payments incur fees that depend on how quickly the credit is to be issued. However, these fees are displayed before the payment is executed. Strike breaks this down into three stages:

  • Priority – about 10 minutes – network fee plus strike fee
  • Standard – about one hour – network fee plus strike fee
  • Free – about one day – no fees

Strike here means that a strike fee is incurred, but not how high it is. So please pay attention to this when transferring Bitcoin yourself. But if you transfer the Bitcoin to your own Bitcoin wallet, then you certainly have enough time and then there should be no fees and no network fees.

Exchange fee

But how does Strike earn his money?

Strike’s business model is based on the exchange between euros and Bitcoin. Every time you buy or sell Bitcoin, i.e. exchange euros for Bitcoin and vice versa, Strike charges a fee. This fee is staggered and depends on the monthly exchange volume. If you exchange less than €250 per month, you pay 1.29%. If you exchange €1,000 per month, the fee is only 1% and is reduced accordingly. Every month it starts all over again. So check for yourself what fees you would incur. The standard market rate is around 1.5%, making Strike one of the cheapest providers.

 

Summary

Strike Business is the ideal Bitcoin wallet for businesses. Strike is a custody wallet where your Euro balance and your Bitcoin are held by Strike. To open a Strike account, KYC is required for your company and the acting persons. You will receive a wallet with a euro account and a Bitcoin account, which you can use to manage both separately. You will receive your own Lightning address for your company and, if you want to accept Bitcoin Lightning payments in your store or on your website, you can have the sales credited directly to your Bitcoin or euro account. You can receive Bitcoin and Lightning payments from your customers and decide whether you want to keep the Bitcoin or convert it into euros immediately. With Strike Business, you have a clean separation between your private Bitcoin and your company’s Bitcoin. Strike Business also scores highly in terms of fees. Deposits and withdrawals by bank transfer are free of charge. There are also no fees for deposits and withdrawals via Bitcoin Onchain and Lightning, only the routing and network fees are passed on. Fees are only charged when exchanging Bitcoin for euros or vice versa. However, these fees are cheaper than what is usually charged on the market. Strike Business is particularly recommended for businesses that want to accept Bitcoin and Lightning payments in-store or on the Internet or online store with Coinsnap.