using Crypto Payment Gateway

Which cryptocurrencies can be transacted by using Crypto Payment Gateway?

This is the best way to easily transact world’s famous cryptocurrencies safely from one place to another. Some of the most common and most important cryptocurrencies are as follows:

  • Bitcoin
  • Litecoin
  • Ethereum
  • Cardano
  • Polkadot
  • Stellar
  • Dogecoin
  • Tether
  • Binance coin
  • Monero

Bitcoin:

Initially, this cryptocurrency was established in 2009, but it has still great importance in the different countries of the world. Crypto Payment Gateway is the smooth pathway for its transaction, safely. But you must aware of the hackers, who may hack your wallet and may steal your cryptocurrencies. But the chance of getting deceived is somehow reduced due to this gateway to a great extent. Hash program of bitcoin makes it specific among all other cryptocurrencies. It’s hash function shows logarithm having value “SHA – 256” which plays an important role in the encryption of the Blockchain. The hash function turns input into an output with a set length to encrypt data.

Litecoin:

This type of cryptocurrency is actually a version of bitcoin, which was firstly established in 2011. As it is derived from the Bitcoin, so it has many common features with Bitcoin. It can give permission to issue about 83 million coins while Bitcoin can allow to issue only 22 million coins, but on public demand Bitcoin is more valuable and has great market value than that of the Litecoin.

Ethereum:

After Bitcoin, it is the second largest cryptocurrency, which is also very important and has good market value. Ethereum and Bitcoin are comparative terminologies. This cryptocurrency came into existence in 2015, and Crypto Payment Gateway allows it’s users to do transactions without any threat.

Cardano:

The establishment of this cryptocurrency is based on research, which is made by technicians and mathematicians. This is the sixth largest cryptocurrency, which is also very popular in the market and often used by the public.

Risks of using Crypto Payment Gateway:

As we all know that it is one of the most safest ways to do transactions, but some threats are also present in this gateway, which you must check and keep in your mind some important things, before investing in any business by using this gateway. The most common risks that may be occurred are as follows:

  • Specific wallets which are specially designed for storing your currencies, during the completion of the whole process of transaction. These wallets just can store your currency, not ensures the safety of your payment, because any hacker can get access to your wallets and can steal your cryptocurrencies. So, you just beware of all those hackers, and try to choose a safe Crypto Payment Gateway, so you can get rid of this hassle of anxiety.
  • As the number of cryptocurrencies are increasing day by day, so a threat of stealing has also been increasing. You must consider the security rules and instructions of the Blockchain, you are using in this payment gateway. Set a difficult password for your payment gateway, and never share your password with anyone. As you share the password with anyone, the chance of the leaking of the password increases, due to which you may have to suffer a great loss. So, beware while doing any transaction.
  • Set one or more authentications, which may prove very effective and it becomes very difficult for the hackers to hack such a strong Crypto Payment You must follow all these conditions to make your transaction safe and secure.