[vc_row][vc_column][vc_column_text]Some businesses need to manage transactions on their website between them and their customers, or for users to execute between themselves. As fintech grows and cryptocurrencies continue to flourish, more than ever businesses need to support transactions with digital currencies. This requires your site to include an integrated cryptocurrency wallet, such as a Bitcoin wallet. Here, we will explain just how you can do this on your WordPress website.
What Is A Bitcoin Wallet?
A cryptocurrency wallet is basically a service that helps users store their cryptocurrencies in a safe place, similar to a bank account but not the same. In the case of a Bitcoin wallet, this type of wallet will you guessed it, store Bitcoins. This is beneficial for websites because it makes these transactions easier between users and between the user and the business. There are different types of wallets available, supplied by established companies such as the Luno, whose bitcoin wallet boasts enhanced safety and user-friendliness.
How to Install A Bitcoin Wallet on Your WordPress Site
The method of installing a Bitcoin wallet into a WordPress site is not too difficult. In fact, it can be done with three simple steps, which will be outlined below. The confusing part is knowing what to choose. There are different products you can opt for within the process and this is what may cause you to sweat. Nevertheless, you can make it happen with these three steps:
Creating a Wallet
First, you need to choose your Bitcoin wallet. There are lots of options on the market, but they are all not as safe or as efficient. At this early stage, it is worth doing your research to find the best Bitcoin wallets around. However, before you make a decision, it is worth combining this decision with the following step because some payment services will provide you with a wallet inclusive of their service – but not always. Again, not all payment service providers should be on your radar either.
Find a Payment Processor
A digital payment processor is used to execute the cryptocurrency transactions on your site. Not to forget it can also help you and your users exchange their Bitcoin for other currencies. Without a payment processing service, you will not be able to help site visitors with peer-to-peer transactions. Examples of companies who offer digital payments services include CoinBase, Bitpay, and CoinGate.
Install the Plugin
The last step also requires you to make a decision but this one is not as difficult or confusing. You have to install a plugin for your WordPress site. Popular and safe options include the likes of WooCommerce. Some plugins work better with different service providers, meaning research is again crucial.
Some Final Considerations
Integrating a Bitcoin Wallet may strike fear into those who are beginners to WordPress or not technologically savvy. If this is the case, you can always get help from a professional WordPress technician and hand the responsibility over to them. On the other hand, by following the steps above, you can easily make it happen on your own.[/vc_column_text][/vc_column][/vc_row]
