Offer Bitcoin payment anywhere with the Coinsnap Payment Button
Sell products, merchandise, or services easily for Bitcoin, anywhere on your WordPress website
What is a Payment Button?
The payment button allows you to sell individual products and services on your website.
You create a description of the product you want to sell on your website.
You add the Coinsnap payment button to this product description.
When the payer clicks on the payment button, the QR code is displayed and they can pay with Bitcoin Lightning.
So that you as the payee also know who the payment is from, the payer can enter their email address. You can then send a message or a digital product to this email address.
There is also a message field. Here the payer can enter a message or other information relevant to the purchase.
The payment button is interesting for websites that want to sell individual products or services and for which a shop software solution is somewhat oversized.
How can I create a payment button?
Go to the menu item Pay-Tools in the Coinsnap backend. Here you will find the submenu item Pay button and can create a new payment button (see image on the right).
You now have the option of creating the payment button according to your individual requirements.
Enter your own name in the Title field so that you can differentiate between them if you create several payment buttons.
Then enter the amount to be paid and the corresponding currency under Currency. In our example, 5 euros.
In the Redirect Url field, enter the url to which you want to be redirected after successful payment.
This can be a thank you page or a page on which the purchased content is displayed or offered for download.
In the Button Text field, you can specify what should be displayed to the payer on the payment button.
You can specify the colour of the button in the Button Background field and the colour of the text in the Button Text Color field.
If you are using a CSS theme on your website, these settings will be overwritten by the values of the theme.
This ensures that the button matches your website.
You can then choose whether you want to request the payer’s email address and whether you want to give them the option of sending you a message.
In this case, you activate Collect Email or Collect Message.
Then click on Create Payment Button and you will see a preview of the payment button:
The appearance on your website may look slightly different later, as the payment button can take over the design of your website.
You will then be shown the HTML code for your website.
You can now copy this code and paste it into the desired place on your website.
On our website, the payment button will look like this:
If you would like to integrate such a payment button on your website, open a Coinsnap account now and create your own customised payment button.
Bitcoin invoices made easy – with the Coinsnap Invoice Form
Coinsnap Invoice form as HTML version
Do you invoice your customers for your services – previously paid by bank transfer? From now on, your customers can also pay conveniently with Bitcoin – using the Coinsnap Bitcoin Invoice form.
It’s as simple as that:
You integrate the provided HTML code of the Coinsnap form on your website – done! The form appears directly on your page and works very intuitively.
Enter invoice data: Your customer simply enters the amount, the invoice number and their name – just like in online banking.
Add message: Optionally, the customer can leave a personal message for you as the payee.
Pay with Bitcoin: Clicking on the “Pay with Bitcoin” button opens a window with the QR code for payment.
Coinsnap makes Bitcoin payments as easy as online banking. Integrate now and offer new payment options!
Bitcoin Invoice Form – also available as a practical payment link
In addition to integration as HTML code on your own website, Coinsnap offers you another simple option: the Bitcoin Invoice Form as a link.
How to use the link:
Simply print on the invoice Add the link directly to your invoices – exactly where your bank details are currently located.
Send flexibly You can also easily send the link to your customers by email, messenger or other channels – ideal if a customer asks you to pay by Bitcoin.
One link for all customers An example link could look like this: http://pay-in-bitco.in/FHAiOb. This can be used universally – your customers then enter their billing data themselves.
With the Coinsnap Bitcoin Invoice Link, you can make Bitcoin payments easier than ever for your customers – without any technical hurdles.
How to create your personal Bitcoin invoice form
After logging into the Coinsnap backend, you will find all the options for creating your invoice form under the menu item “Pay Tools” → “Invoice Form”.
You have the choice between two variants:
Self-hosted form (HTML version): Ideal for direct integration on your own website. You receive the HTML code, which you simply integrate into your page.
Link form: Perfect for invoices in PDF format or for sending by e-mail. The generated link leads directly to the Bitcoin payment form.
How to use your form:
Select the desired variant.
Copy the generated HTML code or payment link.
Add it to your website – or as a link directly in your invoices.
Done! Your customers can now pay easily and securely with Bitcoin – whether via your website or via a link.
You use the service of Coinsnap and your customers can pay with Bitcoin and Lightning? Then you get the sales of your customers in the form of Lightning credited to your own Lightning Wallet.
However, you may prefer to have this Lightning credit paid out in Euros to your own bank account. In this case, you can forward your Lightning balance to a Lightning broker and it will be immediately converted into Euros and paid out to your bank account. Coinsnap itself does not offer exchange of bitcoin into euros, dollars or other currencies, but it works with partners who enable the exchange and withdrawal to a bank account.
By working with various Bitcoin brokers, it is possible to pay out in different currencies and to bank accounts in different countries and regions.
As a Coinsnap merchant, you are free to choose your Bitcoin broker
In addition to the fees, it is important to consider the country of the bank where you have your bank account and the currency in which the payout is to be made. As a rule, you have to register separately with the relevant Bitcoin brokers and enter your personal data and bank details. Each Lightning broker has different requirements for the documents and information to be submitted about your company. With some Lightning Broker, the account opening can also be started directly from Coinsnap. You will receive your own Lightning address from the Bitcoin or Lightning broker, which you can deposit with Coinsnap. All incoming Bitcoin and Lightning payments from your customers will be forwarded by Coinsnap to this Lightning address. The amount is then credited to your Lightning Broker, who converts the incoming amount into euros or another fiat currency and pays it out to your bank account. Depending on the amount, payment can be made per incoming payment or cumulatively. Instead of a Lightning address, the Lightning broker can also provide access data in another form, which you can enter in the corresponding fields of the respective provider in the Coinsnap backend.
The fiat invoice amount to be paid by the customer is calculated using the Bitcoin exchange rate provided by Lightning Brokers. The final conversion takes place at the time the payment is received by the Lightning Broker. When paying by Bitcoin (onchain), the time of crediting depends on the confirmation on the blockchain, which can take an hour or longer. If the end customer pays via Lightning, the Lightning Broker is credited within a few seconds and is virtually risk-free due to price fluctuations. Below is a list of Bitcoin and Lightning brokers to which Coinsnap offers a connection. This list of Lightning Broker connections is constantly being expanded. If your Lightning broker is not yet listed here, please inform them about the possibility of working with Coinsnap and ask them to contact us.
DFX.Swiss
DFX is a Swiss crypto exchange and offers the possibility to buy and sell Lightning.
Coinsnap customers have the possibility to automatically convert the incoming Lightning payments of their end customers into Euro or CHF and have them paid out to their own bank account.
Payments can be made to all countries that are members of the SEPA area.
The SEPA countries include the 27 EU member states (Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the Czech Republic), the three EEA states Iceland, Norway and Liechtenstein as well as Switzerland, the United Kingdom, San Marino, Vatican City, Andorra, Montenegro and Monaco.
The fee for converting Lightning into euros or Swiss francs is 1.49% of the turnover. Merchants who wish to have their customers’ turnover paid out to a bank account must select the provider DFX in the backend under Payouts to bank account. The fields Account holder, IBAN bank details and Bank account currency can be entered there. No further details are required as long as the turnover submitted is less than CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year. If the turnover exceeds this limit, an additional identification check is required in accordance with Swiss law. The fee is then 1.99% of the turnover.
Strike
The Strike Wallet is a Bitcoin Lightning Wallet with a bank account.
The Strike Wallet is particularly suitable for store operators who prefer to have sales from their online store paid out to their own bank account instead of in Bitcoin.
In addition to the US and Europe, Strike is available in more than 95 other countries, including Brazil, Argentina, Mexico, El Salvador and Serbia.
Any online merchant in whose country Strike is available can accept payments from their customers via Coinsnap Bitcoin Lightning and receive the credit either in Bitcoin or in their local currency to their bank account.
The Strike Wallet is an ideal addition to the use of Coinsnap. With the Strike Wallet, a Coinsnap merchant has the option of either having the transactions credited to their Bitcoin wallet or to their own bank account. Wherever Strike is available, merchants can accept Bitcoin Lightning payments in their online store and receive the payout to their own bank account via Strike. All you have to do is install the Strike app on your smartphone, verify yourself and enter your bank account. You then open an account with Coinsnap and deposit the Lightning address provided by Strike. Once you have installed the Coinsnap payment plugin in your online store, your customers can pay you with Bitcoin Lightning and the equivalent value is credited to the Strike Cash Wallet in your local currency and can be paid out to your own bank account.
> €50,000 0.79% If you turn over less than €1,000 per month with Bitcoin in your online store and want to have the equivalent value paid out to your bank account via Strike, you will pay a fee of 1.29%, for example.
You can find detailed step-by-step instructions on how to install the Strike app on your smartphone and deposit it with Coinsnap in the article: Withdrawal via Strike to your own bank account
Pocket Bitcoin (in implementation)
Pocket Bitcoin is a Swiss Bitcoin broker that is currently testing the purchase and sale of Lightning. The purchase of Lightning credit is already possible during the test phase. The sale of Lightning, i.e. the exchange of Lightning into euros or CHF, is not yet possible.
Coinsnap is currently integrating the sale of Lightning via Pocket Bitcoin. Completion is planned for Q3/2024.
Coinfinity (planned)
Coinfinity is an Austrian Bitcoin broker that is currently testing the purchase and sale of Lightning. The purchase of Lightning credit is already possible during the test phase. The sale of Lightning, i.e. the exchange of Lightning for euros, is not yet possible.
As soon as an API interface for the sale of Lightning is available, Coinsnap will check whether a technical integration into the Coinfinity system is possible.
21Bitcoin (requested)
21Bitcoin is an Austrian Bitcoin broker that is currently testing the purchase and sale of Lightning. The purchase of Lightning credit is already possible during the test phase. The sale of Lightning, i.e. the exchange of Lightning for euros, is not yet possible.
As soon as an API interface for the sale of Lightning is available, Coinsnap will check whether a technical integration into the 21Bitcoin system is possible.
Lightning Broker wanted
Coinsnap is interested in working with Bitcoin brokers that offer Lightning sales and withdrawals to bank accounts.
Coinsnap is looking to partner with other Lightning brokers to offer payouts in other currencies and countries.
Coinsnap is a payment service provider that enables its merchants to accept Bitcoin and Lightning payments in their online stores. Some merchants want to keep the Bitcoin sales, while others prefer to have the Bitcoin Lightning payments they receive paid out to their bank account.
Therefore, we are looking for partners where these merchants can sell the Bitcoin Lightning sales and receive a credit in fiat to their bank account.
This means that the sales process should be automated for the merchant. The merchant should not have to go to the Lightning Broker website and manually enter the data for each sale. The data should be transferred automatically by Coinsnap.
The process could look like this: The end customer orders something for €50 in the online store. Coinsnap asks the Lightning Broker for the current exchange rate and receives, for example, 100,000 sats in response. Coinsnap creates a Lightning invoice. The end customer pays 100,000 sats and Coinsnap forwards the sats to the Lightning Broker. The Lightning Broker exchanges the 100,000 sats for €50 and transfers them to the merchant’s bank account.
The implementation scenarios are listed below:
Lightning address: One solution would be for the Coinsnap customer to open an account with a Lightning broker and receive a Lightning address from them. The merchant saves the Lightning address of the Lightning broker in the Coinsnap backend. Coinsnap then forwards the merchant’s Bitcoin Lightning earnings to this Lightning address. The Lightning Broker then converts the incoming Lightning payments into fiat and pays them out to the merchant’s bank account.
API connection: Coinsnap already has some information about the merchant. This data can be transferred to the Lightning Broker when registering a new merchant or a transaction.
1. User registration is required:
The service must allow users to register. Registration includes receiving a signature message, signing it and registering via an endpoint. Users can optionally provide additional information such as wallet and transfer/bank details.
2. the requirement for KYC verification
KYC verification is subject to regional regulations and may be optional in some countries and mandatory in others. The service should offer the possibility of KYC verification based on transaction volume thresholds. However, in cases where KYC is required, users must undergo identity verification via the API to ensure compliance.
3. transaction requirements:
The service should provide an API through which users can obtain offers for the sale of cryptocurrencies.
Get paid in Bitcoin with the Coinsnap Payment Link
Let your customers or clients pay their bills with Bitcoin
You have written an invoice to your customer and would like this invoice to be paid via Bitcoin Lightning?
With Coinsnap Pay-Link you can send each of your customers a payment link that looks similar to this one:
https://pay-link.coinsnap.io/payment-requests
When your customer clicks on this payment link, a payment page opens with all the relevant information about this invoice (see right).
The customer clicks on Pay Invoice and is shown a QR code with which the invoice can be paid via Bitcoin Lightning.
As the payee, the invoice amount is credited directly to your own Bitcoin wallet.
Having your customers pay you with Bitcoin is particularly convenient for you as a payee with Coinsnap Pay-Link.
As a merchant, you enter the invoice amount in euros and if your customer pays a few days after receiving the invoice, the exchange rate at the time of payment is used.
In this way, you protect yourself against the risk of the Bitcoin exchange rate between the time of invoicing and the time when the invoice is actually paid.
How to create a payment link?
To be able to create a payment link, you need a Coinsnap account. After you have logged in to the Coinsnap backend, you will find the menu item “Payment tools” in the left menu bar and the item “Pay link” there.
To create a new payment link, click on Create Payment Link. A name for the payment link can be entered in the Title field. This could be the invoice number, for example. Then enter the invoice amount in the Amount field and the currency in which the invoice is issued in the Currency field. You can then specify the date by which the invoice should be valid, i.e. the latest date by which the invoice must be paid by your customer. Further information about the invoice can be entered in the Description field.
If you then click on “View”, you will see the invoice as it is displayed to the payer of the invoice.
You can now use the URL from your browser to send it to your customer together with the invoice.
It is not necessary to create a separate payment link for each customer. Your customers can fill out and pay their invoice themselves using the payment form. Just as you already provide your customers with your bank details on your website and on your invoices so that they can pay by bank transfer, you also provide your customers with the payment link to the payment form. You will receive a static payment link that refers to the empty payment form and can therefore be used in the same way for all your customers. You can embed the payment link to the payment form on your website, insert it into your invoices or integrate it into the email form when you send your invoice to your customers.
When your customers pay with Bitcoin or Lightning in your webshop, these transactions are credited to your own Lightning wallet.
To do this, you need a Lightning wallet with your own Lightning address.
This Lightning address is stored in the Coinsnap backend and all payments are credited to your Lightning wallet via this Lightning address.
A Lightning address looks like an email address, but instead of messages, you can use it to send and receive Bitcoin via Lightning.
Most Lightning wallets are installed as an app on your smartphone.
Using the example of the Wallet of Satoshi, we will show you how to obtain a Lightning wallet with a Lightning address.
We have listed other wallet providers below where you can also obtain your own Lightning address.
Lightning address of Wallet of Satoshi
Using Wallet of Satoshi as an example, we explain how to get your own Lightning address.
The other providers we have listed below work in a similar way.
You have two options for obtaining the Wallet of Satoshi:
Either you go to the website https://www.walletofsatoshi.com/ and there you will find the two download options for the App Store or Google Play.
Or you go directly to the store on your smartphone and search for the Wallet of Satoshi there.
After you have started the Wallet of Satoshi on your smartphone, you will see a Receive button at the bottom left. Click on it.
The adjacent window opens. Below the QR code you will find the Lightning address, which looks like an e-mail address. This is your Lightning address, which you can give to anyone you want to receive sats from. You deposit this Lightning address with Coinsnap and all incoming Bitcoin and Lightning payments are credited directly to your Bitcoin Lightning wallet via the Lightning address.
Provider of a Lightning Wallet with a Lightning address
With the following Lightning Wallet providers, you will receive a Lightning Wallet with a Lightning address to be able to send and receive Lightning payments.
If you know of other Lightning wallet providers that offer users a Lightning address for receiving payments, please let us know. We would like to add them to our list of Lightning Wallet providers.
5.9.2024 –Coinsnap now offers a new, innovative way for entrepreneurs to accept Bitcoin Lightning payments quickly and easily in the “real” world: With the introduction of the Web-PoS solution, small and medium-sized businesses such as retailers, restaurants, craftsmen and service providers etc. have a simple, secure and efficient way to integrate Bitcoin Lightning payment into their everyday business – without complicated technology or expensive hardware.
How does the Coinsnap Web PoS solution work?
The Coinsnap Web Point of Sale (Web PoS) solution allows vendors and their employees to accept Bitcoin Lightning payments directly from the web browser of their smartphone, tablet or computer. After logging in to their personal Web Point of Sale page, they simply enter the invoice amount via the convenient input field. The payment amount is then either credited to your Bitcoin Lightning wallet or, if desired, automatically converted into a fiat currency such as Euro, USD, GBP or CHF and transferred to the bank account on file.
One of the greatest strengths of this system is its flexibility: sellers do not need to install an app, but simply access their individual Web PoS page provided by Coinsnap via the browser. This URL can also be shared with employees who can accept payments without having access to the wallet or business accounts.
Why should sellers accept Bitcoin Lightning payments?
Simple integration and use: No complicated technical setup is required. The Web PoS solution runs on any internet-enabled device and is ready for immediate use after a simple setup in the Coinsnap backend (5 minutes max.!).
Guaranteed payment: Bitcoin Lightning payments are credited to the merchant’s wallet in real time, a chargeback of the payment is technically not possible.
Security for entrepreneurs: employees can accept payments without having access to the company’s finances. It will soon also be possible, for example, to credit employees’ tips or revenue shares directly to their personal Bitcoin Lightning wallets.
Fast transaction processing: Bitcoin Lightning payments are credited in real time, which prevents long waiting times or delays. Sellers can track the receipt of funds directly on their wallet or bank account.
Detailed transaction overview: Coinsnap offers a comprehensive overview of all transactions with the option of exporting data in CSV format – ideal for accounting purposes and documenting business transactions.
No app installation necessary: The entire process can be handled directly via the browser, saving time and resources.
Who is the Web-PoS solution ideal for?
The Coinsnap Web PoS solution is aimed at a wide range of entrepreneurs – from café owners to retailers and service providers. Especially for businesses that do not have or do not want an extensive technical infrastructure, this solution offers an easy entry into the world of cryptocurrency payments. Thanks to the ability to receive payments in fiat currencies, sellers do not necessarily need to be Bitcoin experts to benefit from the solution.
Conclusion
With the new Web PoS Bitcoin Lightning solution, Coinsnap offers a forward-looking, secure and flexible payment method for companies of all sizes. Anyone who wants to offer their customers a modern and fast payment option should consider the Coinsnap Web-PoS solution. Especially in times when cashless and digital payments are becoming more and more important, this could be the decisive step towards a future-proof business model.
For more information and how you can use the Coinsnap Web PoS solution for your company, please visit:
Sales in your webshop are credited to your Lightning Wallet in the form of Bitcoin Lightning. Lightning is essentially Bitcoin in a different form. This difference is comparable to the difference between physical cash, which is used for payments, and money in a bank account, which is intended for savings. If you want to store Lightning without using it for payments, it is advisable to store it in a secure Bitcoin hardware wallet. These Bitcoin hardware wallets, such as Bitbox, Trezor or Ledger, do not yet support Lightning, which is why the Lightning balance must be exchanged back into Bitcoin. This process is also known as a swap. This swap service is offered by Boltz Exchange, for example.
If we want to make a swap from Lightning to Bitcoin, we select Lightning in the top line and enter the amount in Sats that we want to swap. In our example, 1 million sats. The system automatically calculates how many Sats are credited to our Bitcoin wallet. Boltz charges a fee of 0.5% for this swap service and the network fees for the entry in the blockchain must also be paid. In the Enter BTC address field, we enter the Bitcoin address to which we would like to receive the credits. We receive this Bitcoin address from our hardware Bitcoin wallet, for example. Once we have filled in the relevant fields, we click on the button labeled: Create Atomic Swap.
We receive a Lightning Invoice in the form of a QR code. The amount of the Lightning Invoice is 1 million sats and we can pay this invoice by scanning the QR code or via Webln. If we click on Pay Invoice via Webln, we can access our Alby Lightning Wallet via the browser extension and pay. We can also use Copy Lightning Invoice to copy the Lightning Invoice to our clipboard and then paste it into the Send field in our Lightning Wallet and make the payment.
After we have paid the Lightning Invoice, this is displayed accordingly on the website.
When we click on Open Lockup Address, we are redirected to the Mempool.Space page and receive the status of our transaction. The swap was successfully completed and the bitcoins are credited to our own Bitcoin wallet after six confirmations.
It’s so easy to convert your Lightning balance into Bitcoin and load it onto your own Bitcoin wallet. Coinsnap is in the process of integrating a direct connection to Boltz Exchange. This enables automatic conversion and immediate transfer to your Bitcoin address as soon as you have a Lightning balance.
Bitcoin payments via the Lightning network enable fast, cost-effective and secure payment processing and are therefore ideal for crediting customer sales directly to the merchant.
As a Lightning payment provider, Coinsnap focuses on payment processing via Lightning and accordingly offers the forwarding of customer sales in the form of Lightning as a standardized version.
The customer’s Bitcoin or Lightning payment is forwarded as Lightning to the merchant’s Lightning Wallet.
The standard method is Lightning forwarding to a Lightning wallet with a Lightning address.
The merchant is free to choose which Lightning wallet to forward to from the solutions available on the market.
The sats credited to the Lightning Wallet are immediately available to the trader. Bitcoin via the Lightning network is ideal for payment processing and it makes sense for merchants to use the Lightning balance to pay suppliers and employees via Lightning. Most Lightning wallets with a Lightning address are externally managed (custodial) Lightning wallets. This means that the wallet balance is held by the provider of the Lightning Wallet and not by you. Accordingly, you should only leave a small amount of your Bitcoin balance on the Lightning Wallet for a short time.
When choosing a Lightning Wallet, you can opt for a self-managed (self-custody) Lightning Wallet with a Lightning address. So far, the only provider of a self-managed Lightning Wallet with a Lightning address is Zeus, but it is to be expected that other self-managed Lightning Wallet providers will offer a Lightning address. If you want to store your Lightning balance for the long term, we recommend storing it on your own Bitcoin hardware wallet. The provider Bitbox has already announced a Lightning integration. When using a pure Bitcoin hardware wallet without Lightning integration, a switch from Lightning to Bitcoin must be made. The swap from Lightning to Bitcoin can be carried out with the provider Boltz.Exchange. We have described exactly how this exchange works in the article Payout in Bitcoin.
No payment system is simpler, easier to implement and more limitless for users than Coinsnap Bitcoin – Lightning Payment. See here 11 good reasons for Bitcoin – Lighting payment from the perspective of an online store operator:
Expansion of the customer base
By accepting Bitcoin, merchants can appeal to customers who prefer or exclusively use cryptocurrencies. This expands the potential customer base and can lead to additional sales.
Lower transaction costs
Bitcoin transactions with Coinsnap are very favorable compared to traditional payment methods, especially credit cards, as Coinsnap only charges one percent (1%) of the invoice amount for payment processing. This can be particularly advantageous for international transactions, as there are no currency exchange fees.
Faster transactions
Bitcoin – Lightning transactions are processed by Coinsnap almost in real time. This is advantageous for merchants and customers who prefer fast payment processing.
No chargebacks
Bitcoin transactions are irreversible. This protects merchants from chargebacks and fraud, which can occur more frequently with credit card payments.
Decentralized currency
Bitcoin – Lightning is a decentralized payment method that is not controlled by any government or institution. The Coinsnap payment method is available to merchants anywhere in the world, regardless of their business model. Whether in Andorra or Zambia – with Coinsnap, merchants sell their offers to anyone who wants to buy them with Bitcoin (without cumbersome preliminary checks by a payment provider or limits for the customer).
Internationalization
Bitcoin – Lightning allows merchants to easily sell internationally without having to worry about currency exchange or different payment methods in different countries.
Marketing benefits
Offering Bitcoin – Lightning payment can be perceived as innovative and modern and can therefore be used as a marketing tool to attract technology-savvy customers.
Protection against inflation
Bitcoin is often seen as a hedge against inflation. Traders who hold Bitcoin could also benefit from a long-term increase in the value of the cryptocurrency.
Data protection and security
Bitcoin – Lightning payments do not require customers’ personal information, which increases privacy and reduces the risk of identity theft. In particular, customers who are afraid of this feel more secure and more inclined to make a purchase.
Diversification of payment methods
By integrating Bitcoin – Lightning as a payment method, merchants diversify their payment options, which can increase resilience to outages or issues with traditional payment providers.
No hurdles for end users
In contrast to providers such as bitpay, coinbase, crypto.com etc., Coinsnap is “barrier-free”: Payers can pay with all Bitcoin and Lightning wallets, including those from bitpay, coinbase and crypto.com. Only the merchants need a Lightning Wallet for the credit.
Coinsnap: Bitcoin – Lightning payment for many applications
Coinsnap payment modules are available for the most important, most frequently used store systems and WordPress applications. And more are being added all the time.
It couldn’t be easier: earn Bitcoin with a Snap!
In just 3 steps to eCommerce with Bitcoin – Lightning:
Set up a Coinsnap account
No bureaucracy: You only need an email address and your store URL!
Connect Lightning Wallet
It really couldn’t be easier: enter the address of your Lightning Wallet and you’re done.
Install Coinsnap plugin
Simply upload the Coinsnap plugin, activate it and enter your data.
…and you already have Bitcoin – Lightning Payment in your online store!
If your customers pay with Bitcoin or Lightning in your webshop, these transactions will be credited to your own Lightning wallet.
To do this, you need a Lightning wallet with your own Lightning address.
This Lightning address is stored in the Coinsnap backend and all payments are credited to your Lightning wallet via this Lightning address.
A Lightning address looks like an email address, but instead of messages you can use it to send and receive Bitcoin via Lightning. Coinsnap is compatible with most Lightning wallets, but there are differences in usability and features. Therefore …
Coinsnap recommends the following Lightning Wallets:
Wallet of Satoshi
Ideal for “beginners”: simple setup, easy to operate, uncomplicated and secure.
Using the example of the Wallet of Satoshi, we will show you how to obtain a Lightning wallet with a Lightning address.
We have listed other wallet providers below where you can also obtain your own Lightning address.
Lightning Wallet from Wallet of Satoshi
Using Wallet of Satoshi as an example, we explain how to get your own Lightning address.
The other providers we have listed below work in a similar way.
You have two options for obtaining the Wallet of Satoshi:
Either you go to the website https://www.walletofsatoshi.com/ and there you will find the two download options for the App Store or Google Play.
Or you go directly to the store on your smartphone and search for the Wallet of Satoshi there.
After you have started the Wallet of Satoshi on your smartphone, you will see a Receive button at the bottom left. Click on it.
The adjacent window opens. Below the QR code you will find the Lightning address, which looks like an e-mail address. This is your Lightning address, which you can give to anyone you want to receive sats from.
You deposit this Lightning address with Coinsnap and all incoming Bitcoin and Lightning payments are credited directly to your Bitcoin Lightning wallet via the Lightning address.
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).
With the two different balance accounts, you have the choice of whether you want to participate in the price changes of Bitcoin against the dollar (Bitcoin account) or exclude the volatility risk (dollar account), see below.
And – very importantly – with the Blink Wallet you also receive a Lightning address that you can name yourself (and thus “brand”, for example), see below. You can use this Lightning address for your Coinsnap account – so that all your incoming payments are 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.
Lightning Wallet from Misty Breez
One of the best wallets – and our recommendation for merchants – is the Misty Breez wallet.
Thanks to the integration of innovative blockchain technology and an extremely easy-to-use user interface, it is a very attractive solution for receiving and storing your Bitcoin earnings, especially for non-tech-savvy merchants who do not want to entrust their Bitcoin to a custodian (self-custody!).
It is easy to install without KYC details, self-managed (i.e. particularly secure) and easy to use – ideal for merchants to receive and store their business Bitcoin earnings.
If you prefer to have your Bitcoin transactions credited directly in euros and have no problems with a KYC check, we recommend that you get a Bringin Lightning address. This way, your transactions will be credited directly in euros and you will have no risk of exchange rate fluctuations with Bitcoin versus euros.
After you have set up a Bringin account, you must store the Bringin Lightning address with Coinsnap.
All your Bitcoin transactions will then be credited to your personal Bringin name account in euros at the real-time exchange rate. A credit to your bank account is possible for the bank account that is in the same name as your Bringin account and that you deposited when you registered with Bringin. No further KYC checks are required for sales of €10,000 per month and less than €100,000 per year. Each transfer from your Bringin account to your own account costs just €1.
If a KYC check is too time-consuming, but you still want to have your Bitcoin turnover paid out to your bank account in euros, we recommend using your wallet in combination with the Swiss Bitcoin broker DFX.
Enter the Lightning address of the wallet on Satoshi when registering with Coinsnap. In the withdrawal options, select the DFX option instead of the Lightning address. Swiss Bitcoin brokers carry out a so-called KYC-Light check.
A credit to the bank account is possible for bank accounts in the same name as the merchant. No further KYC checks are required for sales of less than €1,000 per day and less than €100,000 per year.
With the following Lightning Wallet providers, you will receive a Lightning Wallet with a Lightning address to be able to send and receive Lightning payments.
You store this Lightning address after registering with Coinsnap. Using the Lightning address, you connect your Bitcoin Lightning wallet to Coinsnap and Bitcoin payments can be credited directly to your Bitcoin Lightning wallet.
The Strike Wallet is a Bitcoin Lightning Wallet with a bank account and a Bitcoin wallet. The Strike Wallet is suitable for store operators who want to pay out sales from their online store to their own bank account or forward them to a Bitcoin on-chain wallet. Strike Wallet is available as a smartphone app for private individuals and Strike Business as a web version for companies. On this page we describe for private individuals how to initiate a Strike wallet payout to your own bank account or Bitcoin Wallet. If you are a company and would like to open an account with Strike, we recommend this article: Strike Business Bitcoin Lightning Wallet for businesses
In addition to the US and Europe, Strike is available in more than 95 other countries, including Brazil, Argentina, Mexico, El Salvador and Serbia.
Any online merchant in whose country Strike is available can accept payments from their customers via Coinsnap Bitcoin Lightning and receive the credit either in Bitcoin or in their local currency to their bank account.
We explain how this works in this article.
Use Strike with Coinsnap
Anyone who accepts Bitcoin Lightning payments with Coinsnap can have their transactions credited to the Strike Wallet and decide whether the credit should be made in Bitcoin on the Bitcoin Wallet or in their local fiat currency on the Cash Wallet.
The Strike Wallet has two wallets, one for the balance in Bitcoin and one for the balance in your own fiat currency such as euros or dollars. Strike also provides you with a Lightning address that is suitable for receiving Bitcoin Lightning payments from Coinsnap. You connect your Strike Wallet to Coinsnap and all your Bitcoin sales are credited directly to your Strike Wallet. In your Strike Wallet, you can choose whether the credit should be made to the Strike Bitcoin Wallet or to the Strike Cash Wallet.
In this article, we explain how to get the Strike Wallet, how to set up a Lightning address with Strike and how to deposit this Lightning address with Coinsnap so that your Bitcoin sales are credited directly to your Strike Wallet. We will then show you how to set up the Strike Wallet so that incoming Satoshi is credited to the Bitcoin Wallet or the Fiat Cash Wallet.
Install and use Strike Wallet
The Strike Wallet is an application for your smartphone. To install the Strike app on your smartphone, you can either search for the Strike app in the Apple App Store or the Google Play Store and install it, or you can visit the strike.me website and follow the link for your smartphone.
Once you have installed the Strike app on your smartphone, you have to enter your personal details and also provide a photo of an ID document.
Once your personal details have been verified, Strike is available.
At the bottom of the home screen, we find the selection for the two Strike Wallets already mentioned.
One is the Bitcoin Wallet with our Bitcoin balance and the other is the Cash Wallet with our local fiat balance. The fiat balance is held in my local currency and is, for example, in USD for users from the USA and in euros or in the currency in which you live for users from Europe.
Strike Lightning Address
To use Coinsnap, we need our Lightning address, which is provided to us by Strike.
To do this, click on the symbol that looks like a little man in the top right-hand corner. You will then be taken to your profile page.
Here you have the option of choosing your desired name. This name and the suffix @strike.me will then be your Lightning address. This looks like an e-mail address, but instead of receiving e-mails, you can use the Lightning address to receive Lightning payments.
We now store this Lightning address with Coinsnap and log into our Coinsnap account.
There we go to the Settings section and then to Payout.
In the Lightning Payout section, we store the Lightning address from our Strike Wallet in the Lightning address field.
Now our Bitcoin sales that come in for us via Coinsnap are credited directly to our Strike Wallet. But should the credit be made to the Bitcoin Wallet or the Cash Wallet?
Credit in Bitcoin or fiat?
You can specify in the Strike Wallet how the credit is to be issued. Either in Bitcoin in the Bitcoin Wallet or in your fiat currency in the Cash Wallet.
To do this, we scroll all the way down to the Settings section in the Profile area, where our Lightning address is also displayed.
There we find the Bitcoin sub-item and select it, where we find the Passive Incoming Payments selection.
Here we can select how payments that you have not initiated yourself are credited.
Payments to your Lightning address can be sent to you by anyone and are therefore not specifically initiated by you.
Accordingly, you can select whether these are credited to your Cash or Bitcoin Wallet.
If you opt for the Bitcoin variant, you can use the Bitcoin balance to pay with Bitcoin yourself or transfer the Bitcoins to a secure Bitcoin wallet, such as a hardware wallet.
If you want to protect yourself from the price fluctuations of Bitcoin and prefer to receive your transactions in your own currency in your own bank account, you can transfer the balance from the cash wallet to your own bank account.
Credit to your own bank account
Before you can withdraw the balance in your Cash Wallet to your bank account, you must deposit your bank account with Strike.
To do this, switch to the Cash Wallet and find the Withdraw menu item there.
Click on “Add bank account”.
Then enter the account number or your IBAN
Click on “Continue”.
Then check the details again and click on “Confirm”.
Please note that withdrawals are only possible to bank accounts with the same name as the Strike account.
If you sell Bitcoin via Strike, you will incur a trading fee, the so-called Strike fee, which is calculated as a percentage of the trading volume. The strike fee is divided into different levels or “tiers” depending on your monthly trading volume. The more you buy or sell, the lower the fee. Monthly trading volume Fee
> €50,000 0.79% If you turn over less than €1,000 per month with Bitcoin in your online store and want to have the equivalent value paid out to your bank account via Strike, you will pay a fee of 1.29%, for example.
Credit to Bitcoin (onchain) wallet
If you prefer to keep the Bitcoin you earn, you should not store your Bitcoin balance on the Strike Wallet, but transfer it to a secure Bitcoin hardware wallet from time to time. If you transfer your Bitcoin balance from the Strike wallet to another Bitcoin wallet, Strike does not charge any fees. If you transfer your Bitcoin balance to an on-chain Bitcoin wallet, you only have to pay the mining fee. Most other Lightning wallets charge an exchange fee for switching from Lightning to Onchain, in addition to the mining fee. Strike does not charge any exchange fees and is therefore an interesting solution for traders who want to keep their own Bitcoin and transfer it to a secure Bitcoin hardware wallet (e.g. Bitbox, Ledger or Trezor).
Strike Business
If you want to use Strike Wallet for your business, we recommend Strike Business.
The Strike Wallet is an ideal addition to the use of Coinsnap. With the Strike Wallet, a Coinsnap merchant has the option of either having the transactions credited to their Bitcoin wallet or to their own bank account. Wherever Strike is available, merchants can accept Bitcoin Lightning payments in their online store and receive the payout to their own bank account via Strike. All you have to do is install the Strike app on your smartphone, verify yourself and enter your bank account. You then open an account with Coinsnap and deposit the Lightning address provided by Strike. Once you have installed the Coinsnap payment plugin in your online store, your customers can pay you with Bitcoin Lightning and the equivalent value is credited to the Strike Cash Wallet in your local currency and can be paid out to your own bank account.
You use the service of Coinsnap and your customers can pay with Bitcoin and Lightning? Then you get the sales of your customers in the form of Lightning credited to your own Lightning Wallet.
If you prefer to have your Bitcoin turnover paid out directly to your bank account, you can do this via the Swiss Bitcoin broker DFX.
Coinsnap works together with DFX and can thus exchange Bitcoin balances into Euro or CHF, which enables a payout to any bank account within the SEPA area.
The SEPA area comprises the 27 EU member states, the EEA states, Switzerland and the UK.
Deposit of your own bank account
Once you have registered with Coinsnap and entered your Lightning address, you can choose to pay out by bank transfer via the Payout menu item.
If you then select the provider DFX, you will be asked to enter your bank details. This includes the exact name of the account holder and the IBAN number.
You must also specify the currency in which the payout is to be made. You can choose between Euro and CHF.
If you have not yet entered your personal and company details, you can do so here.
Payout to your own bank account
If a customer pays with Bitcoin or Lightning in your online store, the purchase amount is forwarded to DFX.
DFX converts the sats into euros or CHF at the current exchange rate and transfers the equivalent value to your bank account at midnight, where it is usually credited the next day.
Each payment is changed and paid out individually. This means that you have a separate entry on your bank statement for each of your customers’ purchases.
The minimum amount is € 10. If the amount is smaller, it is paid out to the Lightning Wallet.
The payout can be made in either euros or CHF. Your own bank account will be credited in the corresponding currency of this account. A merchant with a bank account in the UK can make the payout in euros, the credit is then made in pounds to his English bank account.
Bank account payout DFX
Prerequisite
To be able to make a payout to their own bank account, the merchant must provide the company details. In addition, the name of the account holder and the IBAN of the corresponding account.
No further information is required as long as the turnover is less than CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year. If the turnover exceeds this limit, an additional identification check is required under Swiss law.
Fees
The fee for exchanging Lightning into Euros or Swiss Francs is 1.49% on the turnover.
If the turnover of CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year is exceeded and an additional identification check is therefore required, the fee is 1.99 % of the turnover.
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