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Should you accept bitcoin as a business owner?

Accepting bitcoin and other crypto payments as a business owner can keep your business competitive, open your business up to more customers and potentially lower your payment processing fees. For high-risk merchants who’ve been declined by traditional payment processors, accepting cryptocurrencies may be especially appealing.

How much does bitcoin cost a business owner?

For every $10,000 a business owner earns, $300 goes straight to fees. It makes sense that owners are incentivized to find ways to cut these costs. Bitcoin transactions do not require a processing fee (though crypto payment gateway merchants will charge a 1% fee).

Can a business reinvest bitcoin?

Your business can also reinvest the 1.5% Bitcoin rewards you get for all in-store purchases, and you can fund the account as much as you need with your business debit card, credit card or a bank transfer. This is a simple way to convert the crypto you accept for purchases into money you can use anywhere for any purpose.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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