Learn how to choose the best USDT payment gateway for your business. Get expert tips and advice for successful integration and secure transactions.
One of the most convenient options to accept cryptocurrency from its customers will be through accept usdt, or rather its integration with the company’s website. Tether is a stablecoin with a stable exchange rate pegged to the dollar and low transaction fees. In addition, it is easy to convert to other cryptocurrencies.
In the text, we will share recommendations for choosing a USDT-payment gateway. A good product, which then will not have to be urgently changed, provides confidentiality and a high degree of protection of data and assets, allows you to check funds for the level of risk, and it has all the necessary tools for working with the company’s crypto-finance.
Riskiness of assets: checking the USDT cryptocurrency wallet
All coins have different degrees of “purity”. For example, those that have been on exchanges without verification have a higher level of risk than those that have never been seen there. It is important for businesses to have a built-in AML-check functionality in their wallet. With its help, it will be possible to quickly verify addresses and:
– even before the transaction is executed, find out how high risk assets the counterparty is going to transfer;
– make a reasonable decision on which addresses can be sent to exchangers or exchanges, and which ones should be used for other purposes to avoid blocking;
– sort cryptocurrencies with different risk levels to be stored in different addresses, protecting low-risk funds from the possibility of blocking that can happen if they are stored together with high-risk ones.
Users of BitHide’s cryptocurrency wallet for business verify both internal and any external addresses with the click of a button in seconds.
Accepting USDT on the website
The ability to pay for a product or service in a variety of ways, including cryptocurrencies, is an important competitive advantage for many customers. Accepting payment in cryptocurrencies from customers requires integrating a cryptocurrency wallet with the company’s platforms or website via API.
USDT anonymity
The popular belief about the default anonymity of cryptocurrencies is wrong. Anyone who wants to get the data of crypto transaction participants, usually hackers, scammers, corporations or government regulators, set up many public nodes around the world. When a user’s computer connects to one of these, it reveals their IP address, putting it in the hands of those to whom the person would least want it.
In order to keep an IP address secret, special means must be used. Unfortunately, a VPN alone or Tor alone are insufficient. The owners of the former transmit user data on request, and through the latter it is simply not possible to connect to nodes, they block such connections.
BitHide clients do not worry about the privacy of IP addresses of their wallets, because the product uses a unique technology Dark Wing, a synthesis of VPN and Tor, which provides an effective connection to the node and multiple changes of the real address. No one will be able to recognize it.
Tools for managing financial flows
Working with cryptocurrency and different profit centers will quickly turn into a poorly managed and chaotic process if the wallet does not have:
– the ability to separate financial flows by creating multiple sub-wallets and addresses within them;
– mass payments;
– auto-withdrawals;
– the ability to create reports on balance and turnover with fixing the purpose of payments and cryptocurrency rates at the time of receipt;
– multi-access with different roles for wallet management.
Conclusion
When deciding which USDT payment system should be integrated with your website, it is important to pay attention to the fact that the product takes care of the user’s privacy, the safety of his assets, and offers sufficient tools for full-fledged work with crypto-finance and different profit centers.