Contents

1. Use Coinbase To Pay
2. How To Pay With Bitpay
3. Bitcoin Wallet Vs Coinbase
4. How To Transfer Money From Bitpay To Coinbase
5. Transfer From Coinbase To Bitpay

• 3 Bitpay v Coinbase Review

According to Whitestream blockchain analysts, three transactions sent by the following address lead to Coinbase and BitPay wallets. 14.75 BTC (almost $135,000) managed to arrive at this address. Subsequently, hackers used a bech32 address. The first transaction involves the transfer of 1.2 BTC ($11,000) in May this year.

Coinbase and Bitpay are two established and popular cryptocurrency platforms, but there are a number of differences between them. Both platforms are outlined in detail below.

It is always best to perform extensive research before committing to any platform as fees can get out of hand. The main difference is that Coinbase is an exchange and Bitpay is a Bitcoin (BTC) payment processor.

Integrating an Exchange Into the Bitpay Wallet To integrate this feature for Coinbase customers: users sign into their Coinbase accounts and go to the “next steps” section in the Bitpay wallet and choose “buy or sell bitcoin.” From there the user chooses “Coinbase” (or Glidera) and signs into their account from inside the app. If you choose to take settlement in bitcoin, BitPay will forward bitcoin payments to your bitcoin address on file. The minimum settlement is 0.01 BTC. Maybe look on blockchain if there is an unconfirmed transaction to your address or reset Multibit if you are using that. Or you haven't hit the minimum settlement of 0.01 BTC. I have funds in BitPay that I received from several sales on my website. My split is 0% USD cash and 100% Bitcoin. Is it possible to transfer this Bitcoin balance to another account within BitPay? Alternatively, how can I withdraw bitcoins from my account? I cannot find a withdraw option in my dashboard section. Want the convenience of a bitcoin exchange with the security of a bitcoin wallet? Now you can have both! We walk you through integrating your BitPay Wallet w.

Bitpay

The aims of Bitpay are different from Coinbase. Bitpay is geared towards merchant payment processing as opposed to customers in that merchants can convert fiat currency directly if they want. Essentially, Coinbase is an exchange while Bitpay is a payment services provider which gives merchants the opportunity to accept Bitcoin as a means of payment.

In 2017 Bitpay processed more than $1 billion in BTC payments. Bitpay is currently adding support for multiple blockchains and digital currencies. Multi blockchain support is brand new and no other bitcoin payment provider has this. This will give more options to merchants as they can select the quickest and cheapest blockchain with the lowest mining fees.

They are also currently working on their platform to support transactions compatible with Segregated Witness, an upgrade to the BTC blockchain that makes it quicker and cheaper. Bitpay uses Two Factor Authentication and Google Authenticator and is quite secure.

Their aim is to reduce the price of bitcoin payments for merchants and make it as easy and smooth as possible. They have recently integrated Bitcoin Cash as well, giving merchants even more support.

If you are a merchant who wants to accept bitcoin as a form of payment, then Bitpay can definitely help. Bitpay offers guaranteed exchange rates, daily bank settlements, and flat rate pricing. They even offer an option to import Bitcoin sales to Quickbooks, an excel application useful for taxation and accounting.

Most Bitcoin merchants use Bitpay for the sale of digital content, to sell travel and tourism, and to accept donations and contributions to political campaigns. Bitpay’s main competitors in the financial services space include GoCoin, Coinpayments and Bitcoin Payment Solutions (BIPS). Bitpay is currently the leader in the market.

Use Coinbase To Pay

Bitpay is the most affordable Bitcoin merchant payment processor around. Many of their options are zero transaction fees with zero hidden charges. This is unlike most cryptocurrency exchanges, which have heavy upfront charges and lots of hidden charges.

Cex.io comes to mind. What is great about Bitpay is that it eliminates price volatility during the buying process, as it guarantees the exchange rate during checkout.

And, of course, it allows for easy integration. Bitpay provides over 20 different shopping cart plugins to make it really simple. While most credit cards charge 3% per transaction,

Bitpay offers a flat 1% settlement charge for business, free up to $1000 with the starter package. In terms of receiving payments, merchants can choose eight major currencies or Bitcoin, and Bitpay supports invoicing in 40 languages.

It has never been hacked and is highly secure. Bitpay also offers a Bitcoin backed debit card. You can use it anywhere Visa is accepted, and ATM fees are currently $2 per withdrawal.

Coinbase

Coinbase is one of the largest exchanges in the world and has over 1 million active users. It is also one of the most popular and is based in the USA.

Coinbase is often called the “Goldman Sachs” of the cryptocurrency sphere because it operates much like a bank in terms of how it works and how it is regulated. It is under close scrutiny by US authorities and you can rest assured that your funds are safe in Coinbase and that if it is somehow hacked, something which has not happened in its seven years of operation, then you will be refunded. They offer the best in terms of security.

But Coinbase is loathed by many cryptocurrency purists for a number of reasons. Coinbase has close ties with banks and regulatory authorities, locks accounts for no reason and have no small amount of negative customer feedback reviews.

The founders made some very questionable political maneuvers, such as promoting Bitcoin’s main rival Ethereum, pledging support to the since failed Bitcoin classic and launching a number of ridiculous patents which go against the open source ethos.

Coinbase is really just a bank that allows you to buy and store Bitcoin. It even received an $11 million investment from Bank of Tokyo Mitsubishi and is backed by many heavy financial heavyweights. Coinbase makes it easy for users to convert a portion of their incoming payments to a fiat currency as well. Coinbase also offers users a super convenient wallet service, which means one can store incoming Bitcoin transfers in BTC on the same platform. The digital currency exchange also offers Bitcoin merchant services to users.

Further, Coinbase recently suffered from a credit card glitch. After the card networks updated their mcc codes, Coinbase users were overcharged for credit card purchases. Coinbase is in the process of refunding those affected. This wallet service makes it easier than ever for users to check out and process payments quicker.

Coinbase focuses on attracting new investors to the cryptocurrency market and it does a great job. It has an amazing interface and the buying and selling experience is incredibly smooth and intuitive, something that is lacking in most other cryptocurrency exchanges.

Coinbase offers an all in one platform for the buying and selling of cryptocurrencies and is really a one-stop shop. They have their own full trading exchange called the Global Digital Asset Exchange (GDAX). The GDAX is really the main Coinbase product and their primary point of focus.

GDAX trading fees are around .025%. Coinbase charges a 3.99% fee on credit card purchases and a 1.49% fee on bank transfer payments. Expect your Bitcoin to arrive five days after a bank transfer and instantly after a credit card payment.

SEPA transfers are free and Coinbase offers high buying limits and high liquidity. Not only this, but Coinbase verification is far quicker than the majority of other large cryptocurrency exchanges.

Coinbase only supports 33 countries. You can also purchase Litecoin and Ethereum from Coinbase, as well as Bitcoin Cash.

Bitpay v Coinbase Review

Bitpay and Coinbase do different things. One of them is a cryptocurrency exchange where you can buy Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

The other one is a Bitcoin merchant payment processing platform, which recently added support for Bitcoin Cash. Exchanges and payment processors are two different services entirely.

However, Coinbase is adding many plugins for merchants at a fast rate and could go down this avenue with its superior resources, eating into Bitpay’s market share. Coinbase is better known and better established in the digital currency realm, as it has more customers.

It represents an entry point into the digital currency sphere for everyday consumers. Bitpay offers a similar service to merchants.

To know how to transfer your fund from Coinbase to Electrum, kindly read this blog.

Contents

What is Binance?

The Binance coin or BNB is basically the exchange platform for cryptocurrency. Notably, Binance is now one of the largest cryptocurrencies exchanges across the world. Digital cryptocurrency is not dependent on banks or governments to cross borders. They are decentralized and millions of investors around the world buy them. It is an alternative to traditional methods of savings, such as gold, cash, etc.

How to Register a Binance Account?

To use the exchange, you need to create an account. For registering, you just need an email address and password. If you have an account, then nothing like that.

Follow the following steps if you need to create an account. Visit the Binance.com website and click on register. After that, you need to enter the address and password and then agree to the given terms and conditions. Following the same, you need to click on “create an account”. After that, you will get a confirmation email to verify your email address.

And here are some security measures that you should take. You should log in via the official link: Binance.com. You should bookmark the page without fail. There should also be a green lock in the address bar – make sure you notice the same. You should download the Authenticator Application and use the 2-step verification process. And as we all know, do not share the password with anyone.

Benefits of sending bitcoin from Coinbase to electrum

There are lots of benefits behind transferring your fund from Coinbase wallet. It is important as your money isn’t that safe in Coinbase wallet. Research shows that many people do not transfer bitcoin from Coinbase to Electrum even after knowing that the process is quite easy. This means that most Bitcoins are not held by users but stored on exchanges. While you own your funds, Coinbase is the one that is controlling them. We could advise you to transfer your funds from Coinbase immediately. Several experts have the same opinion.

However, it might be hard for you to understand where Coinbase is wrong and why we are divising not to keep your funds over there. We are here to explain. It all actually depends on if you own the private key – the seed to your Bitcoin address or not. Now imagine that your private key is a PIN – now do you understand its importance? If someone has any idea about your private key, he or she would easily be able to steal your funds or move your money.

Coinbase exchange touts an insurance policy as security, which actually applies to money locked away on its online store. It comes down to just 2% of the entire customer funds. Do you understand the risk now?

Cryptocurrencies lack security measures and we all know that. In the year 2018, cryptocurrency theft amounted to around $1 billion. Thus, you should take charge of your funds immediately as otherwise, you might regret later. Storing them safely in your wallet is the smartest thing to do.

How to send bitcoin from Coinbase to Electrum?

Now here is the way to transfer Bitcoin to various kinds of wallets, such as Electrum. So we are assuming that you have purchased Bitcoins and they are just lying there in your Coinbase wallet.

Once you have logged into your Coinbase account, you can easily click in the send or request button that you will see on the left-hand menu. Then you will have to enter an email address or bitcoin address.

Then you need to enter one of your bitcoin addresses from Electrum. Open Electrum and click on “Receive” Once you have done that, pick any address that is listed there under Main Account > Receiving.

Once you have picked one, kindly copy and paste it in the Coinbase form that asks an email or bitcoin address.

Then you need to complete the form and send it. Your money will now be transferred to the Electrum wallet address. Do not forget to back up your wallet and seed (IMPORTANT!) If you do not know what seed is, kindly read our other blogs where we have explained the same in detail. Remember that you will lose your coins if you don’t have a backup or your computer breaks. Make sure that Electrum is online. After that, click Receive and copy the receiving address to your clipboard.

Go to Coinbase and send Click on Accounts. Following the same, click send at the bottom of the BTC wallet section. Kindly paste the address that you have copied and specified the amount of BTC you want to send. Click on continue.

In the next window, you need to enter the confirmation code that you will get from Coinbase. Click on confirm.

Coinbase will now show you a window that would confirm the transaction. All you need to do now is go back to Electrum and wait till it confirms that the BTC has arrived. You can check under the “Addresses” tab.

This will take a few minutes but trust us, the effort is all worth it. Given the current situation, you might be extra conscious about where your funds are and whether they are secured or not.

This is how to send bitcoin from Coinbase to Electrum.

Why you need to send bitcoin from Coinbase to Electrum

Here are some of the reasons why you should transfer your fund to Electrum.

• You will get peace of mind knowing that your funds are secure. It is better to take action now rather than regretting later.

How To Pay With Bitpay

• Coinbase is not a secure exchange as it controls your funds.
• You will now be able to handle the funds as you want – send money to people in other countries at a cheap rate. You will also be able to spend the funds at any place across the globe.

Mistakes to avoid

While sending your Bitcoin might seem easy, there are a few mistakes that people repeat.

You might end up losing your Bitcoin if you do not follow a few steps.

Bitcoin Wallet Vs Coinbase

The first mistake that you need to ignore is sending Bitcoin to an incompatible wallet. If you commit this mistake, then you won’t be able to recover your Bitcoin ever again.

How To Transfer Money From Bitpay To Coinbase

Secondly, you should be very careful while copying the address. Do not miss a few

characters as this can lead to loss of Bitcoin. Take your time and copy the whole address.

Transfer From Coinbase To Bitpay

Important Tip: Do not write the seed on something that you might eventually throw away.

Conclusion: So these were a few steps that would simplify the entire process for you. We

hope that you follow these steps and make sure that your funds are safe and secure.