Post
Topic
Board Bitcoin Discussion
Re: I started business many days ago. Now it's time to accept Crypto as a payment.
by
tjtonmoy
on 11/08/2022, 17:22:50 UTC
The first thing that comes into my mind is "not your keys, not your coins". What I mean is that the crypto you'll be receiving... it's not you who will be receiving it, it's Binance.
You have an account there and in normal circumstances you'll be OK and you'll be able to withdraw or spend those coins. But.. what if..? With so many centralized platforms going bankrupt and freezing the user funds, it's a risk.
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I have the risk factor in my mind too. But as for the beginning and to let people feel more comfortable using this, I have chosen the easiest way which is binance pay. zero fee and fastest transactions. In future i'll change it up a bit to make it more secure and then i'll use a website for various tokens and crypto