Coinremitter is one of the best BCH payment processors for accepting Bitcoin Cash payments. Coinremitter merchants can start accepting Bitcoin Cash payments after integrating the BCH API from Coinremitter.
Create a Coinremitter account if you aren’t an existing user, or just log into your account if you are an existing user. After doing this, you need to integrate Coinremitter’s BCH API into your website for receiving BCH payments. Here is the way to get the API key and password of the crypto wallet.
Also, there is a mandatory step of adding a Bitcoin Cash wallet on Coinremitter. Here is how you can create a BCH wallet on Coinremitter. Having a compatible crypto wallet from available digital wallets for cryptocurrency will make you eligible to receive Bitcoin Cash payments with Coinremitter.
Coinremitter charges low BCH fees for withdrawing BCH, i.e. 0.23% of the withdrawal amount.
Bitcoin Cash is a fork of Bitcoin. The fork that created Bitcoin Cash came into charge on 1 August 2017. In relation to Bitcoin, it is defined as a spin-off, a strand, a product of a hard fork, an offshoot, a clone, a second version or an altcoin. It trades on digital currency exchanges having the BCH currency code.
BCH transactions cost less than traditional card payments, which demand about 3% of transaction fees. BCH transactions typically take a few seconds to get confirmed. The higher block size helps BCH get a high number of transactions per block.
Being a fork of Bitcoin, BCH records a high number of crypto transactions (more than 100 transactions per second). Frequent transactions can increase the number of buyers having BCH specifically. BCH’s larger blocks cause impressive scalability, which causes lower fees.
Irreversible transactions on the BCH blockchain won’t let you refund BCH until the receiver’s confirmation.
Also, there is no need for KYC or a bank account for receiving Bitcoin Cash on Coinremitter. Merchants can start receiving Bitcoin Cash straight in their wallets.
Accepting Bitcoin Cash may help merchants gain a customer base interested in paying BCH only.