Do you have questions about using Coinsnap? Here we answer the most frequently asked questions:
You can log in to Coinsnap with your usual email address and password combination or with Lightning Login (LNURL-auth). How to register with Coinsnap is explained on the Getting Started page in the Registration and Login section.
A Lightning address looks like an email address, but is intended for sending and receiving Lightning payments.
To receive Lightning payments, you need a Lightning address, which is provided by some Lightning wallets.
For an overview of Lightning Wallets where you can get a Lightning address, see Lightning Wallets.
With Lightning Login, you can log in to websites and Internet services without revealing any personal information. Registration on these websites is anonymous.
With your Lightning Wallet you scan the displayed QR code and are automatically registered and logged in.
You do not have to provide an email address or any other personal information.
When you want to log back in later, scan the QR code with the same Lightning Wallet and you’ll be logged back into your account.
To use Lightning Login, you need a Lightning Wallet that supports Lightning Login (LNURL-Auth). For an overview of Lightning Wallets that support Lightning Login, see Lightning Wallets.
When you log in to Coinsnap with Lightning Login, your credentials are a combination of your Lightning Wallet and the Coinsnap website.
You always have to use the same Lightning Wallet to log in to Coinsnap again.
This identity cannot be transferred between websites or wallets.
Your customers can pay in your store with Bitcoin and Lightning. Coinsnap specializes in Bitcoin and Lightning payment processing and does not support other cryptocurrencies.
You can offer Bitcoin and Lightning payments to your customers, but not just one of the two methods. There is a QR code on the payment page displayed to the end customer after the checkout process. In this QR code is the information for a payment with Bitcoin and Lightning.
However, you can change the text for your customers on the checkout page from Bitcoin and Lightning to Lightning only. For Bitcoin and other cryptocurrencies, you then refer to the other crypto provider.
Coinsnap charges a 1% fee on the turnover. No basic fee, no transaction fee, only 1% on the invoice amount
Forwarding to your Lightning Wallet may incur additional fees through the Lightning network, over which we have no control and which may reduce the payout amount.
External service providers charge fees for their own service, which are collected by the respective service provider and deducted from the payout amount.
These external fees may be incurred when swapping Lightning into Bitcoin or when cashing out to your bank account.
Coinsnap does not manage client funds. Your customers can pay on your website or online store with both Bitcoin and Lightning. Your customers’ Bitcoin and Lightning payments are credited directly to your Lightning wallet. The credit is thus made in Lightning. For this you need a Lightning wallet that supports receiving Lightning payments to Lightning addresses (LNURL Pay).
Lightning is Bitcoin just in a different form. The difference is comparable to cash, which you pay with, and money in a bank account, which you save.
If you don’t need Lightning for payment but want to keep it, you should keep it on a secure Bitcoin hardware wallet.
You can exchange your Lightning balance into Bitcoin at a swap service and transfer it directly to your Bitcoin hardware wallet. We explained how to do this using Boltz Exchange as an example in the article: “Switching Lightning to Bitcoin”.
Coinsnap is currently developing a direct connection to Boltz Exchange so that the switch and direct payout to your Bitcoin address will happen automatically as soon as you receive a Lightning balance.
Want to offer your customers payment in Bitcoin and Lightning, but have the payments paid out to your bank account?
We work with Bitcoin brokers that convert Lightning to fiat currency and make the withdrawal to your bank account.
Depending on the currency or country, different providers come into question and different requirements must be met.
In the article “Payout to bank account” we present some providers in more detail.
Coinsnap is currently developing direct connections to Bitcoin brokers that offer Lightning to fiat currency switching. Your incoming Lightning payments will then be forwarded directly to the Bitcoin broker, exchanged into your desired currency and credited to your bank account.
Coinsnap is included as a payment gateway for Bitcoin and Lightning payments as an extension (add-on, plugin).
On the Payment Plugin page you can find an overview of all plugins that have already integrated Coinsnap.
Coinsnap develops plugins for the most popular store systems and internet applications. If your store system is not yet offered, please let us know. We are checking if and with what priority we can develop the plugin ourselves.
However, you can also commission your own developer with the connection. With our API documentation, a programmer is able to develop a custom connection for you.
Perhaps the programmer can also develop a Coinsnap plugin that will be used by other users as well, thus recouping some of the development costs. See affiliate program for plugin programmers
Coinsnap provides an API that allows you to create custom connections to the Coinsnap system. Maybe other users are interested in the connection you are creating individually? Then why not develop a standard plugin and make it available to other users and earn some SATS when other users receive Bitcoin and Lightning payments with your plugin.
Learn more about the possibilities as a plugin developer