Offer Bitcoin payment anywhere with the Coinsnap Bitcoin Payment Button
Sell products, merchandise, or services easily for Bitcoin, anywhere on your WordPress website
What is a Bitcoin Payment Button?
The payment button allows you to sell individual products and services on your website.
You create a description of the product you want to sell on your website.
You add the Coinsnap payment button to this product description.
When the payer clicks on the payment button, the QR code is displayed and they can pay with Bitcoin Lightning.
So that you as the payee also know who the payment is from, the payer can enter their email address. You can then send a message or a digital product to this email address.
There is also a message field. Here the payer can enter a message or other information relevant to the purchase.
The payment button is great for websites that want to sell individual products or services and for which a shop software solution is somewhat oversized.
How can I create a payment button?
Open your Coinsnap dashboard, navigate to Payment Tools [1] → Payment Buttons [2], and click New Button [3]. You will then be taken to the New Payment Button page, where you can define the basic parameters for your Bitcoin payment button.
Start by entering a Button Name to identify the button internally (e.g. “Donate” or “T-Shirt”). Then set the Amount and select the Currency in which the payment should be displayed. The Button Label defines what your customer will see on the button itself, such as “Pay with Bitcoin.”
Finally, you can customize the appearance by setting a background color that matches your website or brand.
Once all fields are configured, click Save to generate your payment button.
If you are using a CSS theme on your website, these settings will be overwritten by the values of the theme. This ensures that the button matches your website CI.
How to use the Payment button
Click the Embed button on the right to open a window with the HTML embed code for your Bitcoin payment button. Click Copy Code and paste the snippet into your website where you want the button to appear.
On your website, the button appears like this and opens a QR code on click, allowing your customers to pay instantly with Bitcoin.
If you would like to integrate such a payment button on your website, open a Coinsnap account now and create your own customised Bitcoin payment button.
Bitcoin invoice payment made easy – with the Coinsnap HTML Bitcoin Invoice Form
If you invoice your customers for services and typically get paid via bank transfer, but customers ask to pay with Bitcoin, you can now offer a simple alternative:
With the Coinsnap HTML Bitcoin Invoice Form, your customers can pay any invoice with Bitcoin (On-chain + Lightning) without requiring a full webshop or payment gateway.
The form can be:
embedded directly on your website (HTML version), or
shared as a payment link to a ready-to-use Coinsnap-hosted payment form
Both options lead to the same result: fast, direct payment into your Bitcoin wallet.
How can customers pay invoices with Bitcoin using Coinsnap? Customers open a Bitcoin Invoice Form (via a link or a website page), enter the invoice amount and reference details, and complete the payment by scanning a QR code. Payments are made instantly via Lightning or on-chain and are sent directly to the merchant’s Bitcoin wallet.
How to create your Bitcoin Invoice Form
After logging into your Coinsnap dashboard, go to: Payment Tools [1] -> Invoice Form [2], and click New Template [3].
You will then be taken to a configuration page where you can set up your invoice form. (-> step-by-step user guide)
After saving your configuration, you will see both the payment link to the hosted invoice form and the embed code for your website.
Deployment: Use Coinsnap link or embed code on your own website
You can deploy the Bitcoin Invoice Form in two ways, depending on how you want to use it.
The simplest option is the Coinsnap-hosted payment link: you generate a universal link in the dashboard, and Coinsnap provides a ready-to-use payment page where your customers enter their invoice details and complete the payment—no website integration required.
Alternatively, you can use the HTML embed code to integrate the form directly into your own website. In this case, the form becomes part of your page, and you simply share the URL of that page (e.g. a dedicated “Pay Invoice” page) with your customers in your invoices.
Simple, straightforward payment experience for your customer
The payment process is designed to feel familiar and requires no learning curve.
Your customer enters the invoice amount, invoice number, and their name—similar to a standard bank transfer—and can optionally add a reference message.
With one click on “Pay with Bitcoin,” the payment screen opens with a QR code, allowing instant payment via Lightning or, if preferred, on-chain for larger amounts.
The Bitcoin Invoice Form makes invoice payments faster and easier for you and your customers
The Coinsnap Bitcoin Invoice Form gives you a flexible and efficient way to accept Bitcoin payments for invoices—either by embedding the form on your own website or by using a simple, ready-to-share payment link.
For you as the payee, it removes the typical friction of bank transfers: no IBAN errors, no incorrect references, no delays, and no chargebacks. Payments arrive directly in your Bitcoin wallet, with Lightning enabling instant settlement.
For your customers, the process is just as straightforward. They enter the invoice details as they would in online banking and complete the payment instantly via QR code—fast, intuitive, and without the need to manually copy bank details or reference numbers.
Whether you choose the HTML version or the hosted payment link, the result is the same: a simple, reliable, and modern way to handle invoice payments with Bitcoin.
Start accepting Bitcoin invoice payments today
Set up your HTML Bitcoin Invoice Form or payment link in just a few steps and start receiving Bitcoin payments directly in your wallet—without changing your existing invoicing workflow.
A Bitcoin Invoice Form allows your customers to pay invoices by entering invoice details and completing the payment via Bitcoin or Lightning, without requiring a webshop or payment gateway.
Do I need a website to use the Bitcoin Invoice Form?
No. You can either embed the form on your website using HTML or use a Coinsnap-hosted payment link that works without any website integration.
How do customers pay an invoice with Bitcoin?
Customers enter the invoice amount and reference details, then scan a QR code to pay via Lightning (instant) or on-chain.
What is the difference between the HTML form and the payment link?
The HTML form is embedded on your website, and you share the page URL with your customers.
The payment link is hosted by Coinsnap and can be sent directly via email, invoice, or message.
Do I receive the payment directly?
Yes. Payments are sent directly to your connected Bitcoin or Lightning wallet.
Can I use one form for all invoices?
Yes. The same form or link can be used for all invoices—your customers simply enter their individual invoice details when paying.
When your customer clicks on the Bitcoin payment link, a payment page opens with all the relevant information about this invoice.
The customer clicks on Pay Invoice and is shown a QR code with which the invoice can be paid via Bitcoin Lightning.
As the payee, the invoice amount is credited directly to your own Bitcoin wallet.
Having your customers pay you with Bitcoin is particularly convenient for you as a payee with Coinsnap Pay-Link.
As a merchant, you enter the invoice amount in euros and if your customer pays a few days after receiving the invoice, the exchange rate at the time of payment is used.
In this way, you protect yourself against the risk of the Bitcoin exchange rate between the time of invoicing and the time when the invoice is actually paid.
How can I get paid in Bitcoin with a payment link? With Coinsnap, you create a Bitcoin payment link in your dashboard and send it to your customer. When the customer opens the link, they see a pre-filled payment page and can pay the invoice instantly via Bitcoin using a QR code. The payment is sent directly to your wallet.
How to create a Bitcoin payment link?
To create a payment link, you need a Coinsnap account. After you have logged in to the Coinsnap dashboard, go to Payment Tools -> Payment Requests.
To create a new payment link, click Create Payment Link in the top right corner. Then fill out the form you are directed to.
Click Save once you have configured the payment request. You will then see the overview screen, with your newly created payment link displayed at the top.
You can copy the payment link (URL) by clicking the copy icon on the right under Actions.
You can add this payment link to your invoices or include it in the email when sending an invoice to your customer.
When the customer opens the link, they are taken to a pre-filled payment page, where they simply click Pay Invoice and complete the payment via QR code.
When your customers pay with Bitcoin or Lightning in your webshop, these transactions are credited to your own Lightning wallet.
To do this, you need a Lightning wallet with your own Lightning address.
This Lightning address is stored in the Coinsnap backend and all payments are credited to your Lightning wallet via this Lightning address.
A Lightning address looks like an email address, but instead of messages, you can use it to send and receive Bitcoin via Lightning.
Most Lightning wallets are installed as an app on your smartphone.
Using the example of the Wallet of Satoshi, we will show you how to obtain a Lightning wallet with a Lightning address.
We have listed other wallet providers below where you can also obtain your own Lightning address.
Lightning address of Wallet of Satoshi
Using Wallet of Satoshi as an example, we explain how to get your own Lightning address.
The other providers we have listed below work in a similar way.
You have two options for obtaining the Wallet of Satoshi:
Either you go to the website https://www.walletofsatoshi.com/ and there you will find the two download options for the App Store or Google Play.
Or you go directly to the store on your smartphone and search for the Wallet of Satoshi there.
After you have started the Wallet of Satoshi on your smartphone, you will see a Receive button at the bottom left. Click on it.
The adjacent window opens. Below the QR code you will find the Lightning address, which looks like an e-mail address. This is your Lightning address, which you can give to anyone you want to receive sats from. You deposit this Lightning address with Coinsnap and all incoming Bitcoin and Lightning payments are credited directly to your Bitcoin Lightning wallet via the Lightning address.
Provider of a Lightning Wallet with a Lightning address
With the following Lightning Wallet providers, you will receive a Lightning Wallet with a Lightning address to be able to send and receive Lightning payments.
If you know of other Lightning wallet providers that offer users a Lightning address for receiving payments, please let us know. We would like to add them to our list of Lightning Wallet providers.
5.9.2024 –Coinsnap now offers a new, innovative way for entrepreneurs to accept Bitcoin Lightning payments quickly and easily in the “real” world: With the introduction of the Web-PoS solution, small and medium-sized businesses such as retailers, restaurants, craftsmen and service providers etc. have a simple, secure and efficient way to integrate Bitcoin Lightning payment into their everyday business – without complicated technology or expensive hardware.
How does the Coinsnap Web PoS solution work?
The Coinsnap Web Point of Sale (Web PoS) solution allows vendors and their employees to accept Bitcoin Lightning payments directly from the web browser of their smartphone, tablet or computer. After logging in to their personal Web Point of Sale page, they simply enter the invoice amount via the convenient input field. The payment amount is then either credited to your Bitcoin Lightning wallet or, if desired, automatically converted into a fiat currency such as Euro, USD, GBP or CHF and transferred to the bank account on file.
One of the greatest strengths of this system is its flexibility: sellers do not need to install an app, but simply access their individual Web PoS page provided by Coinsnap via the browser. This URL can also be shared with employees who can accept payments without having access to the wallet or business accounts.
Why should sellers accept Bitcoin Lightning payments?
Simple integration and use: No complicated technical setup is required. The Web PoS solution runs on any internet-enabled device and is ready for immediate use after a simple setup in the Coinsnap backend (5 minutes max.!).
Guaranteed payment: Bitcoin Lightning payments are credited to the merchant’s wallet in real time, a chargeback of the payment is technically not possible.
Security for entrepreneurs: employees can accept payments without having access to the company’s finances. It will soon also be possible, for example, to credit employees’ tips or revenue shares directly to their personal Bitcoin Lightning wallets.
Fast transaction processing: Bitcoin Lightning payments are credited in real time, which prevents long waiting times or delays. Sellers can track the receipt of funds directly on their wallet or bank account.
Detailed transaction overview: Coinsnap offers a comprehensive overview of all transactions with the option of exporting data in CSV format – ideal for accounting purposes and documenting business transactions.
No app installation necessary: The entire process can be handled directly via the browser, saving time and resources.
Who is the Web-PoS solution ideal for?
The Coinsnap Web PoS solution is aimed at a wide range of entrepreneurs – from café owners to retailers and service providers. Especially for businesses that do not have or do not want an extensive technical infrastructure, this solution offers an easy entry into the world of cryptocurrency payments. Thanks to the ability to receive payments in fiat currencies, sellers do not necessarily need to be Bitcoin experts to benefit from the solution.
Conclusion
With the new Web PoS Bitcoin Lightning solution, Coinsnap offers a forward-looking, secure and flexible payment method for companies of all sizes. Anyone who wants to offer their customers a modern and fast payment option should consider the Coinsnap Web-PoS solution. Especially in times when cashless and digital payments are becoming more and more important, this could be the decisive step towards a future-proof business model.
For more information and how you can use the Coinsnap Web PoS solution for your company, please visit:
Sales in your webshop are credited to your Lightning Wallet in the form of Bitcoin Lightning. Lightning is essentially Bitcoin in a different form. This difference is comparable to the difference between physical cash, which is used for payments, and money in a bank account, which is intended for savings. If you want to store Lightning without using it for payments, it is advisable to store it in a secure Bitcoin hardware wallet. These Bitcoin hardware wallets, such as Bitbox, Trezor or Ledger, do not yet support Lightning, which is why the Lightning balance must be exchanged back into Bitcoin. This process is also known as a swap. This swap service is offered by Boltz Exchange, for example.
If we want to make a swap from Lightning to Bitcoin, we select Lightning in the top line and enter the amount in Sats that we want to swap. In our example, 1 million sats. The system automatically calculates how many Sats are credited to our Bitcoin wallet. Boltz charges a fee of 0.5% for this swap service and the network fees for the entry in the blockchain must also be paid. In the Enter BTC address field, we enter the Bitcoin address to which we would like to receive the credits. We receive this Bitcoin address from our hardware Bitcoin wallet, for example. Once we have filled in the relevant fields, we click on the button labeled: Create Atomic Swap.
We receive a Lightning Invoice in the form of a QR code. The amount of the Lightning Invoice is 1 million sats and we can pay this invoice by scanning the QR code or via Webln. If we click on Pay Invoice via Webln, we can access our Alby Lightning Wallet via the browser extension and pay. We can also use Copy Lightning Invoice to copy the Lightning Invoice to our clipboard and then paste it into the Send field in our Lightning Wallet and make the payment.
After we have paid the Lightning Invoice, this is displayed accordingly on the website.
When we click on Open Lockup Address, we are redirected to the Mempool.Space page and receive the status of our transaction. The swap was successfully completed and the bitcoins are credited to our own Bitcoin wallet after six confirmations.
It’s so easy to convert your Lightning balance into Bitcoin and load it onto your own Bitcoin wallet. Coinsnap is in the process of integrating a direct connection to Boltz Exchange. This enables automatic conversion and immediate transfer to your Bitcoin address as soon as you have a Lightning balance.
Bitcoin payments via the Lightning network enable fast, cost-effective and secure payment processing and are therefore ideal for crediting customer sales directly to the merchant.
As a Lightning payment provider, Coinsnap focuses on payment processing via Lightning and accordingly offers the forwarding of customer sales in the form of Lightning as a standardized version.
The customer’s Bitcoin or Lightning payment is forwarded as Lightning to the merchant’s Lightning Wallet.
The standard method is Lightning forwarding to a Lightning wallet with a Lightning address.
The merchant is free to choose which Lightning wallet to forward to from the solutions available on the market.
The sats credited to the Lightning Wallet are immediately available to the trader. Bitcoin via the Lightning network is ideal for payment processing and it makes sense for merchants to use the Lightning balance to pay suppliers and employees via Lightning. Most Lightning wallets with a Lightning address are externally managed (custodial) Lightning wallets. This means that the wallet balance is held by the provider of the Lightning Wallet and not by you. Accordingly, you should only leave a small amount of your Bitcoin balance on the Lightning Wallet for a short time.
When choosing a Lightning Wallet, you can opt for a self-managed (self-custody) Lightning Wallet with a Lightning address. So far, the only provider of a self-managed Lightning Wallet with a Lightning address is Zeus, but it is to be expected that other self-managed Lightning Wallet providers will offer a Lightning address. If you want to store your Lightning balance for the long term, we recommend storing it on your own Bitcoin hardware wallet. The provider Bitbox has already announced a Lightning integration. When using a pure Bitcoin hardware wallet without Lightning integration, a switch from Lightning to Bitcoin must be made. The swap from Lightning to Bitcoin can be carried out with the provider Boltz.Exchange. We have described exactly how this exchange works in the article Payout in Bitcoin.
No payment system is simpler, easier to implement and more limitless for users than Coinsnap Bitcoin – Lightning Payment. See here 11 good reasons for Bitcoin – Lighting payment from the perspective of an online store operator:
1. Expansion of the customer base
By accepting Bitcoin, merchants can appeal to customers who prefer or exclusively use cryptocurrencies. This expands the potential customer base and can lead to additional sales.
2. Lower transaction costs
Bitcoin transactions with Coinsnap are very favorable compared to traditional payment methods, especially credit cards, as Coinsnap only charges one percent (1%) of the invoice amount for payment processing. This can be particularly advantageous for international transactions, as there are no currency exchange fees.
3. Faster transactions
Bitcoin – Lightning transactions are processed by Coinsnap almost in real time. This is advantageous for merchants and customers who prefer fast payment processing.
4. No chargebacks
Bitcoin transactions are irreversible. This protects merchants from chargebacks and fraud, which can occur more frequently with credit card payments.
5. Decentralized currency
Bitcoin – Lightning is a decentralized payment method that is not controlled by any government or institution. The Coinsnap payment method is available to merchants anywhere in the world, regardless of their business model. Whether in Andorra or Zambia – with Coinsnap, merchants sell their offers to anyone who wants to buy them with Bitcoin (without cumbersome preliminary checks by a payment provider or limits for the customer).
6. Internationalization
Bitcoin – Lightning allows merchants to easily sell internationally without having to worry about currency exchange or different payment methods in different countries.
7. Marketing benefits
Offering Bitcoin – Lightning payment can be perceived as innovative and modern and can therefore be used as a marketing tool to attract technology-savvy customers.
8. Protection against inflation
Bitcoin is often seen as a hedge against inflation. Traders who hold Bitcoin could also benefit from a long-term increase in the value of the cryptocurrency.
9. Data protection and security
Bitcoin – Lightning payments do not require customers’ personal information, which increases privacy and reduces the risk of identity theft. In particular, customers who are afraid of this feel more secure and more inclined to make a purchase.
10. Diversification of payment methods
By integrating Bitcoin – Lightning as a payment method, merchants diversify their payment options, which can increase resilience to outages or issues with traditional payment providers.
11. No hurdles for end users
In contrast to providers such as bitpay, coinbase, crypto.com etc., Coinsnap is “barrier-free”: Payers can pay with all Bitcoin and Lightning wallets, including those from bitpay, coinbase and crypto.com. Only the merchants need a Lightning Wallet for the credit.
Coinsnap: Bitcoin – Lightning payment for many applications
Coinsnap payment modules are available for the most important, most frequently used store systems and WordPress applications. And more are being added all the time.
See all available Bitcoin payment modules at a glance: Coinsnap modules
Accept Bitcoin (on-chain and Lightning) in your online store in minutes
Coinsnap enables merchants to accept Bitcoin (on-chain and Lightning) in their online stores in minutes. With just an email address and a Lightning wallet, you can set up your account and start receiving payments directly in your wallet or in euros via a settlement partner.
1. Set up your personal Coinsnap account
Click Sign In in the top menu, enter your email, confirm it, and add your Lightning wallet. You’re then ready to receive Bitcoin payments directly in your wallet.
2. Install a module right from the WordPress repository
All Coinsnap plugins for WordPress are listed in the WordPress plugin repository and can be installed with just a click. If you use another system, you can download the Bitcoin payment module from the platform’s extension store or from the Coinsnap GitHub page.
3. Connect your Coinsnap module with your Coinsnap account
Paste your Store ID [1] and API Key [2] from your Coinsnap dashboard into the module on your website or store, and all payments will be credited directly to your wallet.
If your customers pay with Bitcoin or Lightning in your webshop, these transactions will be credited to your own Lightning wallet.
To do this, you need a Lightning wallet with your own Lightning address.
This Lightning address is stored in the Coinsnap backend and all payments are credited to your Lightning wallet via this Lightning address.
A Lightning address looks like an email address, but instead of messages you can use it to send and receive Bitcoin via Lightning. Coinsnap is compatible with most Lightning wallets, but there are differences in usability and features. Therefore …
Coinsnap recommends the following Lightning Wallets:
Wallet of Satoshi
Ideal for “beginners”: simple setup, easy to operate, uncomplicated and secure.
Using the example of the Wallet of Satoshi, we will show you how to obtain a Lightning wallet with a Lightning address.
We have listed other wallet providers below where you can also obtain your own Lightning address.
Lightning Wallet from Wallet of Satoshi
Using Wallet of Satoshi as an example, we explain how to get your own Lightning address.
The other providers we have listed below work in a similar way.
You have two options for obtaining the Wallet of Satoshi:
Either you go to the website https://www.walletofsatoshi.com/ and there you will find the two download options for the App Store or Google Play.
Or you go directly to the store on your smartphone and search for the Wallet of Satoshi there.
After you have started the Wallet of Satoshi on your smartphone, you will see a Receive button at the bottom left. Click on it.
The adjacent window opens. Below the QR code you will find the Lightning address, which looks like an e-mail address. This is your Lightning address, which you can give to anyone you want to receive sats from.
You deposit this Lightning address with Coinsnap and all incoming Bitcoin and Lightning payments are credited directly to your Bitcoin Lightning wallet via the Lightning address.
The Blink Wallet is a custodial Bitcoin Lightning Wallet that contains two balance accounts – one for Bitcoin, the other for US dollars (Stablesats). “Custodial” means that your funds are held by Blink. (You should therefore regularly transfer your earnings to your Bitcoin hardware wallet).
With the two different balance accounts, you have the choice of whether you want to participate in the price changes of Bitcoin against the dollar (Bitcoin account) or exclude the volatility risk (dollar account), see below.
And – very importantly – with the Blink Wallet you also receive a Lightning address that you can name yourself (and thus “brand”, for example), see below. You can use this Lightning address for your Coinsnap account – so that all your incoming payments are credited there!
Another important feature of the Blink Wallet is that you can receive (and of course make) payments with Lightning or on-chain, depending on your needs and wishes. Lightning payments are ideal for amounts under around €1,000, as Lightning payments are lightning fast and particularly cheap. If you need to receive larger amounts, we recommend the on-chain payment method, which takes a little longer and is slightly more expensive, but can also process large amounts for which Lightning is not suitable.
Lightning Wallet from Misty Breez
One of the best wallets – and our recommendation for merchants – is the Misty Breez wallet.
Thanks to the integration of innovative blockchain technology and an extremely easy-to-use user interface, it is a very attractive solution for receiving and storing your Bitcoin earnings, especially for non-tech-savvy merchants who do not want to entrust their Bitcoin to a custodian (self-custody!).
It is easy to install without KYC details, self-managed (i.e. particularly secure) and easy to use – ideal for merchants to receive and store their business Bitcoin earnings.
If you prefer to have your Bitcoin transactions credited directly in euros and have no problems with a KYC check, we recommend that you get a Bringin Lightning address. This way, your transactions will be credited directly in euros and you will have no risk of exchange rate fluctuations with Bitcoin versus euros.
After you have set up a Bringin account, you must store the Bringin Lightning address with Coinsnap.
All your Bitcoin transactions will then be credited to your personal Bringin name account in euros at the real-time exchange rate. A credit to your bank account is possible for the bank account that is in the same name as your Bringin account and that you deposited when you registered with Bringin. No further KYC checks are required for sales of €10,000 per month and less than €100,000 per year. Each transfer from your Bringin account to your own account costs just €1.
If a KYC check is too time-consuming, but you still want to have your Bitcoin turnover paid out to your bank account in euros, we recommend using your wallet in combination with the Swiss Bitcoin broker DFX.
Enter the Lightning address of the wallet on Satoshi when registering with Coinsnap. In the withdrawal options, select the DFX option instead of the Lightning address. Swiss Bitcoin brokers carry out a so-called KYC-Light check.
A credit to the bank account is possible for bank accounts in the same name as the merchant. No further KYC checks are required for sales of less than €1,000 per day and less than €100,000 per year.
With the following Lightning Wallet providers, you will receive a Lightning Wallet with a Lightning address to be able to send and receive Lightning payments.
You store this Lightning address after registering with Coinsnap. Using the Lightning address, you connect your Bitcoin Lightning wallet to Coinsnap and Bitcoin payments can be credited directly to your Bitcoin Lightning wallet.
Strike Wallet Payout to your own bank account or Bitcoin Wallet
The Strike Wallet is a Bitcoin Lightning wallet with a bank account and a Bitcoin wallet. The Strike Wallet is suitable for store operators who want to pay out sales from their online store to their own bank account or forward them to a Bitcoin on-chain wallet.
Strike Wallet is available as a smartphone app for private individuals and Strike Business as a web version for companies. In this article we describe for private individuals how to initiate a Strike wallet payout to your own bank account or Bitcoin Wallet.
In addition to the US and Europe, Strike is available in more than 95 other countries, including Brazil, Argentina, Mexico, El Salvador and Serbia.
Any online merchant in whose country Strike is available can accept payments from their customers via Coinsnap Bitcoin Lightning and receive the credit either in Bitcoin or in their local currency to their bank account.
We explain how this works in this article.
Use Strike with Coinsnap
Anyone who accepts Bitcoin Lightning payments with Coinsnap can have their transactions credited to the Strike Wallet and decide whether the credit should be made in Bitcoin on the Bitcoin Wallet or in their local fiat currency on the Cash Wallet.
The Strike Wallet has two wallets, one for the balance in Bitcoin and one for the balance in your own fiat currency such as euros or dollars. Strike also provides you with a Lightning address that is suitable for receiving Bitcoin Lightning payments from Coinsnap.
You connect your Strike Wallet to Coinsnap and all your Bitcoin sales are credited directly to your Strike Wallet. In your Strike Wallet, you can choose whether the credit should be made to the Strike Bitcoin Wallet or to the Strike Cash Wallet.
In this article, we explain how to get the Strike Wallet, how to set up a Lightning address with Strike and how to deposit this Lightning address with Coinsnap so that your Bitcoin sales are credited directly to your Strike Wallet. We will then show you how to set up the Strike Wallet so that incoming Satoshi is credited to the Bitcoin Wallet or the Fiat Cash Wallet.
Install and use Strike Wallet
The Strike Wallet is an application for your smartphone.
To install the Strike app on your smartphone, you can either search for the Strike app in the Apple App Store or the Google Play Store and install it, or you can visit the strike.me website and follow the link for your smartphone.
Once you have installed the Strike app on your smartphone, you have to enter your personal details and also provide a photo of an ID document.
Once your personal details have been verified, Strike is available.
At the bottom of the home screen, we find the selection for the two Strike Wallets already mentioned.
One is the Bitcoin Wallet with our Bitcoin balance and the other is the Cash Wallet with our local fiat balance. The fiat balance is held in your local currency and is, for example, in USD for users from the USA and in euros or in the currency in which you live for users from Europe.
Strike Lightning Address
To use Coinsnap, we need our Lightning address, which is provided to us by Strike.
To do this, click on the symbol that looks like a little man in the top right-hand corner. You will then be taken to your profile page.
Here you have the option of choosing your desired name. This name and the suffix @strike.me will then be your Lightning address. This looks like an e-mail address, but instead of receiving e-mails, you can use the Lightning address to receive Lightning payments.
We now store this Lightning address with Coinsnap and log into our Coinsnap account.
There we go to Finances -> Settings section and then to Deposit.
In the Lightning Payout section, we store the Lightning address from our Strike Wallet in the Lightning address field.
Now our Bitcoin sales that come in for us via Coinsnap are credited directly to our Strike Wallet.
But should the credit be made to the Bitcoin Wallet or the Cash Wallet?
Credit in Bitcoin or fiat?
You can specify in the Strike Wallet how the credit is to be issued. Either in Bitcoin in the Bitcoin Wallet or in your fiat currency in the Cash Wallet.
To do this, we scroll all the way down to the Settings section in the Profile area, where our Lightning address is also displayed.
There we find the Bitcoin sub-item and select it, where we find the Passive Incoming Payments selection.
Here we can select how payments that you have not initiated yourself are credited. Payments to your Lightning address can be sent to you by anyone and are therefore not specifically initiated by you.
Accordingly, you can select whether these are credited to your Cash or Bitcoin Wallet. If you opt for the Bitcoin variant, you can use the Bitcoin balance to pay with Bitcoin yourself or transfer the Bitcoins to a secure Bitcoin wallet, such as a hardware wallet.
If you want to protect yourself from the price fluctuations of Bitcoin and prefer to receive your transactions in your own currency in your own bank account, you can transfer the balance from the cash wallet to your own bank account.
Credit to your own bank account
Before you can withdraw the balance in your Cash Wallet to your bank account, you must deposit your bank account with Strike.
To do this, switch to the Cash Wallet and find the Withdraw menu item there.
Click on “Add bank account”.
Then enter the account number or your IBAN.
Click on “Continue”.
Then check the details again and click on “Confirm”.
Please note that withdrawals are only possible to bank accounts with the same owner name as the Strike account.
If you sell Bitcoin via Strike, you will incur a trading fee, the so-called Strike fee, which is calculated as a percentage of the trading volume. The strike fee is divided into different levels or “tiers” depending on your monthly trading volume. The more you buy or sell, the lower the fee.
If you turn over less than €1,000 per month with Bitcoin in your online store and want to have the equivalent value paid out to your bank account via Strike, you will pay a fee of 1.29%, for example.
Credit to Bitcoin (onchain) wallet
If you prefer to keep the Bitcoin you earn, you should not store your Bitcoin balance on the Strike Wallet, but transfer it to a secure Bitcoin hardware wallet from time to time. If you transfer your Bitcoin balance from the Strike wallet to another Bitcoin wallet, Strike does not charge any fees. If you transfer your Bitcoin balance to an on-chain Bitcoin wallet, you only have to pay the mining fee. Most other Lightning wallets charge an exchange fee for switching from Lightning to Onchain, in addition to the mining fee. Strike does not charge any exchange fees and is therefore an interesting solution for traders who want to keep their own Bitcoin and transfer it to a secure Bitcoin hardware wallet (e.g. Bitbox, Ledger or Trezor).
Strike Business
If you want to use Strike Wallet for your business, we recommend Strike Business.
The Strike Wallet is an ideal addition to the use of Coinsnap. With the Strike Wallet, a Coinsnap merchant has the option of either having the transactions credited to their Bitcoin wallet or to their own bank account.
Wherever Strike is available, merchants can accept Bitcoin Lightning payments in their online store and receive the payout to their own bank account via Strike.
All you have to do is install the Strike app on your smartphone, verify yourself and enter your bank account. You then open an account with Coinsnap and deposit the Lightning address provided by Strike. Once you have installed the Coinsnap payment plugin in your online store, your customers can pay you with Bitcoin Lightning and the equivalent value is credited to the Strike Cash Wallet in your local currency and can be paid out to your own bank account.
You are using Coinsnap, and your customers can pay with Bitcoin and Lightning. Payments are credited directly to your own Lightning wallet.
If you prefer to receive your Bitcoin revenue in fiat, you can use the Swiss Bitcoin broker DFX for bank payouts.
Coinsnap integrates with DFX to convert incoming Bitcoin balances into euros or Swiss francs, enabling direct payouts to your bank account.
Payouts are available to bank accounts across the SEPA area, including all EU member states, EEA countries, Switzerland, and the UK.
Coinsnap allows merchants to convert Bitcoin and Lightning payments into euros or Swiss francs via DFX and receive payouts directly to their bank account. When DFX payout is enabled, payments are routed directly to DFX, converted at the current exchange rate, and transferred to the merchant’s bank account, typically within one business day.
How payout to your bank account with DFX works
When a customer pays with Bitcoin or Lightning in your online store, the payment is routed directly to DFX.
DFX converts the received amount into euros or Swiss francs at the current exchange rate and transfers the equivalent value to your bank account. Payouts are processed daily (typically at midnight) and are usually credited the next day.
Each transaction is converted and paid out individually, so every customer payment appears as a separate entry on your bank statement.
The minimum payout amount is €10. Smaller amounts are credited to your Lightning wallet instead.
Payouts can be made in either euros or CHF. The final amount is credited to your bank account in its local currency—for example, a euro payout to a UK account will be received in pounds.
Prerequisites
To enable payouts to your bank account, you need to provide your company details, as well as the name of the account holder and the IBAN of the target account.
No additional information is required as long as your transaction volume remains below CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year.
If these thresholds are exceeded, an additional identity verification is required in accordance with Swiss regulations.
Fees
The fee for converting Lightning payments into euros or Swiss francs is 1.49% of the transaction volume.
If your transaction volume exceeds CHF 1,000 / € 950 per day or CHF 100,000 / € 95,000 per year and additional identity verification is required, the fee increases to 1.99%.
How to set up fiat payouts to your bank account with DFX
First, you navigate to the Settings [1] section in your Coinsnap dashboard.
Next, you open the Deposit [2] menu to choose how you want to receive your funds.
Then, you select Bank [3] as your deposit method and start the setup for bank payouts. Enter your account holder name, IBAN, and currency [4] to register your bank account and enable fiat settlement via DFX.
In the next step, you will also need to provide personal information such as your name, address, and contact details.
FAQ – what you need to know about DFX payouts
How can I receive Bitcoin payments in my bank account?
By enabling DFX payout in Coinsnap, Bitcoin payments are automatically converted into fiat and transferred to your bank account.
Does Coinsnap send Bitcoin to my wallet first?
No. When DFX payout is configured, payments are routed directly to DFX and not credited to your wallet.
How long does a bank payout take?
Payouts are processed daily and usually arrive in your bank account the next day.
Which currencies are supported?
DFX supports payouts in euros (EUR) and Swiss francs (CHF).
Is the payout available in SEPA countries?
Yes. Bank payouts are available across the SEPA area, including the EU, EEA, Switzerland, and the UK.
Do you already accept Bitcoin payments but your Bitcoin payment provider does not support the Lightning payment option?
For example, if you use a crypto payment provider such as Coinbase or crypto.com or share someone’s BTCPay server, the Lightning payment option is not available.
However, if you offer your customers crypto payments, there is no way around Bitcoin payments via the Lightning network.
Especially in times of high Bitcoin transaction fees, Lightning is the cheap and efficient option for lightning-fast Bitcoin payments.
Here, Coinsnap offers a supplement to the crypto payment providers already in use:
Integrate Coinsnap into your online store alongside your existing Bitcoin payment method. In the list of payment methods available to the customer, you designate the Coinsnap function as a Lightning payment and add the Lightning logo.
If the customer wants to pay with Bitcoin, they use the Bitcoin-only payment provider. If the customer wants to pay with Lightning, they can choose Lightning payments via Coinsnap.
If your customer accidentally selects Lightning and still pays with a Bitcoin wallet, you will not lose any revenue. This Bitcoin on-chain payment is also processed and forwarded to your Lightning Wallet.
You don’t lose any sales. Quite the opposite. You offer customers who want to pay with Lightning a way to pay with you. Open an account with Coinsnap and enter your Lightning address. You then integrate the appropriate Coinsnap payment module into your store system. The exact procedure is described under “Getting started“.
On the selection page of the supported payment methods in your store, change the description text for your customers from Bitcoin+Lightning to Lightning.
Your customers will be informed that they can pay with Lightning in addition to Bitcoin and other cryptocurrencies.
The sales of your customers who pay with Lightning in your online store will be credited directly to your own Lightning Wallet.
The payment button allows you to sell individual products and services on your website.
pen your Coinsnap dashboard, navigate to Payment Tools [1] → Payment Buttons [2], and click New Button [3]. You will then be taken to the New Payment Button page, where you can define the basic parameters for your Bitcoin payment button.
Click the Embed button on the right to open a window with the HTML embed code for your Bitcoin payment button. Click Copy Code and paste the snippet into your website where you want the button to appear.
You can deploy the Bitcoin Invoice Form in two ways, depending on how you want to use it.
The payment process is designed to feel familiar and requires no learning curve.
You can copy the payment link (URL) by clicking the copy icon on the right under Actions.
Anyone who accepts Bitcoin Lightning payments with Coinsnap can have their transactions credited to the Strike Wallet and decide whether the credit should be made in Bitcoin on the Bitcoin Wallet or in their local fiat currency on the Cash Wallet.
The Strike Wallet is an application for your smartphone.
You can specify in the Strike Wallet how the credit is to be issued. Either in Bitcoin in the Bitcoin Wallet or in your fiat currency in the Cash Wallet.
Before you can withdraw the balance in your Cash Wallet to your bank account, you must deposit your bank account with Strike.
