which cryptocurrency do you prefer the most to accept payments in?

[coinremitter]

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

[Apocollapse]

It's not 12,000 anymore but 20,000+ and still counting.

The most trusted and preferable crypto to accept as payment is Bitcoin because there are two countries have been accept Bitcoin as a legal tender regardless how effective it is. What's the point of accepting the other cryptos if we can choose Bitcoin?

Anyway move this thread to altcoins discussion section.

[Charles-Tim]

It depends.

If you have customers and they are asking you if you are accepting crypto payment, there would be a particular coin most of them will be asking for, that is the coins you should go for. Likely most of them will ask if you accept bitcoin.

If you are a leader in a country that wants to make crypto a legal means of payment, the coin that you should consider is bitcoin, because it is the most decentralized, altcoins are centralized and most of them have just very little or no utility.

It's not 12,000 anymore but 20,000+ and still counting.

I still remember when Binance has not bought Coinmarketcap, coins listed there were less than the ones listed on Coingecko, but only 12309 coins listed on Coingecko now as of today while over 22780 coins are listed on Coinmarketcap, which means there are many shit coins listed on Coinmarketcap. Did you still know there are over 22000 coins? Just that they are not listed. The more the coins listed, the more the shit coins.

[mk4]

It's either bitcoin, or stablecoins on whatever blockchain. Doesn't make that much sense to accept other cryptocurrencies in my opinion knowing that bitcoin payment volume is already quite small in the first place.

[Nwada001]

It all depends on the kind of business I manage. If I own a business that requires me to buy and sell every single day, I will prefer to be paid in USDT so that it can be converted immediately to my local currency. 
But if I am running a business where my earnings can be held for a long time, I can also accept other cryptocurrencies like Bitcoin, Ethereum, and Binance Coin; it all depends on which of those has a free network at the moment. Sometimes we encounter network confirmation delays, and I wouldn't want that to slow down my transaction with my customer. 

[Mauser]

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

Honestly I would be fine to accept payment in all the major crypto currencies, as long as there is an active market we can always convert the coins to our favourite coin. For simplicity I would probably choose bitcoin as its also the coin I want to hold long term. Assuming that I don't need the money any time soon I would put it in my hodl wallet and just forget about. The thing about accepting payments online is that you want to reach the largest number of consumers, that why I would try to accept as many different coins as possible. And if you don't want to hold a particular coin just make sure to convert it immediately.

[ichsan ardi]

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

I personally think I will choose bitcoin as a medium of exchange because bitcoin has a limited supply limit of around 21 million bitcoin the top 1 in marcet cap and if everyone uses bitcoin, bitcoin will be hard to get.
why did i choose bitcoin because bitcoin is the king of crypto

[TastyChillySauce00]

All of them except ethereum. Why? ethereum will charge us non sense fees. Accepting ethereum based on L2 like optimism and arbitrum is good enough. The main problem is when people wanna try to send money to others and some blockchains were charging very big fees for each transaction.
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception

[wajik-tempe]

Cryptocurrency we choose to accept payments will depend on our specific needs and preferences, Bitcoin is the most popular cryptocurrency and has the largest market capitalization, making it a widely accepted means of payment. If we're looking for a cryptocurrency with even lower fees and faster processing times, we might consider Ripple or Stellar, which are designed specifically for fast, low-cost transactions.

[MaterialMouse69]

All of them except ethereum. Why? ethereum will charge us non sense fees. Accepting ethereum based on L2 like optimism and arbitrum is good enough. The main problem is when people wanna try to send money to others and some blockchains were charging very big fees for each transaction.
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception

I agree, whenever I used ethereum in non-fungible token there's always an error every time I transact because of lack of eth which is very high gas fee, larger than your assets.
This is hurting my pocket and decided to switch to other tokens with less fees. I suggest you guys to search more alternative transactions using ethereum.

[vv181]

I don't know where you got that numbers, but from the numbers you stated, only 1 percent is actively used as a way of payment. Heck, even 1% is way too much. A small observation that I see most people accept crypto in this forum is, of course, bitcoin. Another option is they use Binance Pay. Ease of use and transaction fee rates become a concern for some merchants or services as far as I can see right here. Though, don't generalize it, because I only saw the one who tells or make a post about it here.

Although a centralized payment gateway is not ideally recommended, it seems that they are truly helping those who want to accept cryptocurrencies, the varieties of crypto that are accepted and easiness of payment make them became the choice for some people.

[avikz]

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

When it comes to accepting payment, I would not have a specific choice of cryptos. I would rather choose a payment gateway which will settle the payment in fiat on a real time basis. Business is no joke and majority of the businesses need working capital which is usually taken out from the revenue.

So as a business owner I won't really take the risk of volatility as it may affect my profitability. So coin can be anything, but the payment gateway should be the most important factor for me.

[mu_enrico]

I'd accept any major cryptocurrency with high liquidity on Binance, such as:
- USDT & BUSD
- ETH, XRP, TRX, LTC
Stablecoins are preferred because of their stability, and I'd usually cash out to the local market using stable coins as well.

I don't recommend smaller coins because of the wide spread ratio, or you'll lose money selling those coins via a market order.

[jacafbiz]

I will prefer to take stable coins for payment, any one of them but if you are talking about the native crypto tokens then there is only one winner, and that is Bitcoin, Bitcoin is synonymous with Crypto and it is wildly acceptable everywhere in the world and some countries you can find BTC ATMs there, the only issue I have is the slow deployment or let me say adoption of Lightning network by payment stores or other faster solutions that will have out there, this is a common mistake in the space, that when the technology is right, users will use how solution because of better technology and this is wrong and things must change in this direction so as to have better market adoption of crypto payments worldwide

[|MINER|]

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

When it comes to the question of which is the most reliable crypto for payments, only one answer will come up and that is Bitcoin. It is true that many are now choosing stablecoins due to volatilities. But Bitcoin will always be the best in terms of security. Moreover, many people are now running towards some alt-coins like: litecoin, Polygon (matic) etc. for low gas fees. And in my case I always prefer bitcoin as payment But if volatilities are too much for you then sometimes using stable coin is not bad.

[DeathAngel]

I have to be honest & say that my favourite cryptocurrency to receive payments in is by far bitcoin. It’s the most established, trustworthy coin. Bitcoin has the most potential to be a mainstream payment tool & it isn’t even close.
 
Nothing else can match bitcoin, it’s as simple as that. People will try to shill you their bags of other coins & tokens but when it comes down to cold, hard facts nothing compares to bitcoin.

[Fundamentals Of]

I would of course prioritize Bitcoin over altcoins since Bitcoin is the most popular cryptocurrency. It is also the most accepted. I would just make sure that Lightning payments are made available to avoid high fees and longer confirmation time. Now, for those who prefer to pay in altcoins, Ethereum could be accepted but since gas fees is a big problem for now, I would make sure that the likes of Litecoin and Dogecoin are also accepted. So I think accepting all four of them is fair enough.

[Oneandpure]

Depend on your costumer needed prefer accepted payment in cryptocurrency for your business, I think you need with little questionnaire effort which kinds of cryptocurrency worth adopted for payment currencies. But seems Binance coins is worth for accepting as payment currency because with price still not expensive like ETH or Bitcoin and your costumer seems happy when transaction using Binance coins.

Most exact answer, you need feedback or respond from costumer and need little reason why some of them choose that coins for payment currencies to make easy for adopting in your business.

[Ayers]

All of them except ethereum. Why? ethereum will charge us non sense fees. Accepting ethereum based on L2 like optimism and arbitrum is good enough. The main problem is when people wanna try to send money to others and some blockchains were charging very big fees for each transaction.
This is a common knowledge and that's why people try to avoid to use the expensive blockchain like eth. Eth is now even more expensive compared with bitcoin. That being said that ethereum must be in your exception

Don't worry too much, ETH team is doing everything to make it more perfect, I believe with the next updates, its gas fee will be greatly reduced.
Regarding which coin to accept for payment, I will choose a stablecoin because it has both fast transactions, low transaction fees, and a non-volatile price, ensuring profit for my business. In addition, I am willing to accept all cryptocurrencies if the customer needs them because converting between coins is not too difficult.

[maydna]

There are more than 12000 cryptocurrencies like bitcoin, altcoin, litecoin, dogecoin, etherium and so on. We all have our favorite cryptocurrency. Among all of these, which cryptocurrency do you trust and prefer the most to accept payments? Share your thoughts about it.

I will accept both bitcoin and stable coins as payment as those are the only coins I can accept. As for other altcoins, I don't really like them as payment although if later a customer wants to pay with an altcoin, I might consider adding it to the list of coins to use as payment. But before I accept payments via crypto, I will make sure that my government has legalized crypto as payment so I don't get into trouble later.