Start using Coinbit

Using Coinbit for transactions is cheap and accessible to everyone.

How to use Coinbit

1. Learn about Coinbit

Coinbit differs from what you know and use every day. Before starting to use Coinbit, there are a few points that you need to know in order to use it securely and avoid common stumbling blocks.

2. Choose your wallet

You can bring a Coinbit wallet in your everyday life using your mobile or you can have a computer-only wallet for online payments. Anyway, choosing your wallet is a minute-long matter.

3. Get Coinbit

You can bring a Coinbit wallet in your everyday life using your mobile or you can have a computer-only wallet for online payments. Anyway, choosing your wallet is a minute-long matter.

4. Spend Coinbit

All over the world, the number of merchants and services accepting Coinbit is rapidly increasing. You can pay them with Coinbit and rate your experience to help honest businesses to gain more visibility.

How to accept Coinbit

1. Inform yourself

Merchants are not required to change their habits because of Coinbit. However, Coinbit differs from what you know and use every day. Before starting to use Coinbit, there are a few points that you need to know in order to use it securely and avoid common stumbling blocks.

2. Processing payments

You can either process payments and invoices by yourself or use merchant services and deposit money in coinbits or your local currency. Most points of sales allow their customers to pay with their mobile phones.

3. Taxes and accounting

Coinbit works similarly to a foreign currency except situations when merchants deposit and display prices in their local currency. To get appropriate guidance about tax compliance for your own jurisdiction, contact a qualified accountant.

4. Gaining visibility

To accept coinbits is to get new customers and give your business a good impact. For example, you can also display the Coinbit logo on your website or your brick and mortar business. Lots of new customers are searching for ways to spend their coinbits, and accepting a new payment method always was a far-sighted practice for online businesses.