Bitcoin became a trend over the past five years, when it made some huge jumps in price, followed by continuous fluctuations. It is the first cryptocurrency, hence its incredible popularity – despite a few flaws that other digital coins do not have.

While some buy Bitcoin as an investment, others use it daily for all kinds of purchases. At first, you could buy pizza and a few digital services with Bitcoin. Now, you can make crypto payments for many products and services.

Now, how do you use a crypto payment processor, and what is the crypto payment?

How crypto payments work

A crypto payment is fairly simple to understand. Basically, the payment implies transferring digital coins from one wallet to another. You can do this manually if you know the recipient’s address, but that is a bit risky because a mistake means your money is gone – for instance, if you send it to someone else.

Mistakes are irreversible, and customers often make mistakes – such as sending money to the wrong address or sending the wrong type of crypto. There is no way to return the money, so your money is gone – a costly mistake.

To make this venture simpler, many providers have created simpler methods. For instance, imagine having to send money to a friend or buying something. When not sure how to pay with cryptocurrency, you ask the recipient to send a digital invoice.

You can pay this invoice over a blockchain payment gateway. You can usually scan a classic QR code – the correct address, so double-check the amount. Confirm the payment, and the problem is solved – no more serious risks of losing money.

To keep it simple, when someone sends you a so-called digital invoice, it is generated by their wallets. It has their address, which normally looks like a long string of characters with no connection. This way, there are no risks of typing it incorrectly and sending the money elsewhere.

How to pay in cryptocurrency

There are more ways to make cryptocurrency payments, and you do not necessarily need to use a crypto payment gateway – especially if you are not tech-savvy. Crypto cards are just as common – mostly found as debit cards, yet credit cards are likely to start gaining some popularity as well.

Such cards are crypto-linked. You can link a card to your wallet or preload a card with a specific amount of digital money. Such cards work like those prepaid cards you purchase to spend abroad while on holiday.

This way, you can make payments anywhere. You can find online and offline retailers that accept digital money, but you can also pay elsewhere. Sure, paying retailers accepting Bitcoin is much easier because no conversions are involved.

If the retailer charges in another currency, there will be a cost-effective conversion. Basically, the retailer gets the currency they want – whether fiat or digital. You could have a card in Bitcoin and buy things in euro or American dollars.

On the same note, you can also use crypto cards to withdraw cash from most ATMs, with a conversion before giving you the money. Imagine using a card in a currency different from what the ATM can provide – such as when you go on holiday abroad.

If you are interested in paying a friend, a Bitcoin payment gateway is desired – unless your friend can take card payments. However, if you are interested in spending crypto with different retailers or while on holiday, a card makes it more convenient.

Benefits of a payment crypto

The less experienced see cryptocurrencies as investments. They purchase digital coins, hoping they gain value, and they multiply their money. But cryptocurrencies are used daily too, for random transactions. Why? Plenty of reasons.


Based on where you live, most financial transactions will take up to three days to settle – sometimes, even more. In the USA, it takes between three and five days. Wire transfers will also take at least 24 hours.

When it comes to cryptocurrencies, transactions are settled within minutes or even seconds.


A local wire transfer will cost you quite a bit – anywhere between $20 and $40. In some countries, it depends on how much money you send. When you send money internationally, it costs way more than that – plus, it takes even longer.

Cryptocurrency transactions are not just fast but also inexpensive. Indeed, demand on the blockchain could raise maintenance costs. But with all these, a cryptocurrency payment will not even come close to a classic wire transfer in terms of costs.


It is worth noting that anyone can use digital coins and make a Bitcoin payment – or any other coin. You need a device – such as a phone or a laptop – and an Internet connection. You also need a wallet, but registering for one is a matter of minutes – rarely any verification and no background or credit checks.

Digital coins give everyone the opportunity to reach financial services that would not be available otherwise. There are many reasons why many people cannot bank the classic way. With cryptocurrencies, you can send and receive money with no issues at all – just a few clicks.


Learning to pay in cryptocurrency is not as difficult as it may seem. Indeed, using digital coins comes with a learning curve and a tech curve. How do you pay with cryptocurrency? There are more options out there, and each comes with a certain level of convenience.

Moreover, each option – whether you use a Bitcoin payment processor, have a crypto debit card, or type addresses manually – has both pros and cons. Some options are more common for retailers and stores, while others are more suitable for friendly payments.

There is one thing to remember, though – digital coins are not all about holding and waiting for them to grow in value but also about using them daily.

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