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I sold it. How do I get my money?

I sold it. How do I get my money?

I sold it. How do I get my money?

In the first article “Do you want to make instant payments in BTC? It’s easy.“, we showed how easy it is for a customer to prepare for the possibility of Bitcoin payments. In the second “Basic shopping – basic terminal” we showed how easy it is to start using payments in your store or business. Now we’ll take a look at what a merchant needs to transfer sales to their wallet

It’s not complicated, but we all understand that safety comes first. And at the moment, it’s about money.

First, make sure you have the Signal app installed on your phone. We consider this app currently be the most secure in the field of communication encryption and access authentication. That’s why we use it to authenticate your identity and communicate with your Hydra operator.
This is known professionally as 2FA authentication.

After installing the Signal app, save your signal number to your profile in Management. Please do not forget the international area code. This is important! Once we have Signal configured, we can start collecting sales.

Here is My profile tab
Here you put your signal number

Contact the Hydranode operator (signal number +421948000172) to request a payout. You will receive a report for your Store/Stores via email (you use it to log in the Management and it is also listed in My profile). You check the report and if everything agrees, send the operator an invoice from your wallet via Signal. If the report and invoice amounts match, the appropriate amount will be sent to your wallet within a few minutes.

That’s all. If you like this how-to press the Pay button and send some SATs to autor.
Basic shopping – basic terminal

Basic shopping – basic terminal

Basic shopping – basic terminal

In a previous post, we showed how easy it is to connect to the options provided by Bitcoin and LightningNetwork. Now we will show how we will pay for purchases in a stone shop or cafe. At the same time, this episode is a demonstration of the minimum equipment needed on the merchant side.

The basic point of all this is that the shop provides the possibility of payment with Bitcoin. You can find this out by looking at the door sticker, for example, or simply by asking.

If the merchant offers this option, he will have a simple “Payment Terminal”, which is absolutely the easiest payment method, available immediately after registering on Management of Hydranode accounts.

Once the merchant has calculated your spending in local currency, he will enter this amount into the Terminal, which will convert it according to the current exchange rate to BTC and display the corresponding payment request, e.g. in the form of a QR code.

You scan the QR code into your wallet and confirm the payment. Within a second, the merchant will see the payment confirmation. That’s all done and you can happily visit the next shop.

It’s simple, It’s clear. Next time, we’ll talk about some more options a merchant can use in their sales process that will definitely make shopping easier for you as a customer.

That’s all. If you like this how-to press the Pay button and send some SATs to autor.
Selling tickets for a small event or donation

Selling tickets for a small event or donation

Selling tickets for a small event or donation

Are you organising a small concert, exhibition or other social event? Do you want to offer tickets online in the simplest possible way, but current ticketing systems are too “sophisticated” and therefore expensive?

Try Hydra.
After registering at https://management.hydranode.net you create a “Store” for your event and set its parameters according to your preferences. At the moment, the important thing for us is the so-called BTCPAY ID (storeID).

I have a BTCPAY ID what next?
With the help of the simple pieces of code below, which is easy to customize to your parameters, and you can insert it into your online invitation or trailer, you will allow any person interested in your event to quickly purchase a ticket with two clicks in their electronic wallet.

You only need to change the storeID of your store and, of course, set the correct price and currency of your ticket.

Another simple way to give your clients an easy method of payment is to use a URL link such as this one, “You can pay for your ticket here” or encode it in a QR code. This can of course be embedded in your website, or for example in an email or messenger message. There are many uses. Just choose.

Basic example

<!DOCTYPE html>
<html>
<body>

<a href="https://hydranode.org/btcpay/api/v1/invoices?storeId=Bg5F7rnowYbnfGBv3UqicxPmX86n3yxCKxquPzX2fAw4&checkoutDesc=Platba+za+vstupenku&price=1&currency=CZK">
  <img src="https://management.hydranode.net/logos/pay-button.png" style="width:209px" alt="Pay with Hydranode">
</a>

</body>
</html>

Sample Pay button code

<style> .btcpay-form { display: inline-flex; align-items: center; justify-content: center; } .btcpay-form--inline { flex-direction: row; } .btcpay-form--block { flex-direction: column; } .btcpay-form--inline .submit { margin-left: 15px; } .btcpay-form--block select { margin-bottom: 10px; } .btcpay-form .btcpay-custom-container{ text-align: center; }.btcpay-custom { display: flex; align-items: center; justify-content: center; } .btcpay-form .plus-minus { cursor:pointer; font-size:25px; line-height: 25px; background: #DFE0E1; height: 30px; width: 45px; border:none; border-radius: 60px; margin: auto 5px; display: inline-flex; justify-content: center; } .btcpay-form select { -moz-appearance: none; -webkit-appearance: none; appearance: none; color: currentColor; background: transparent; border:1px solid transparent; display: block; padding: 1px; margin-left: auto; margin-right: auto; font-size: 11px; cursor: pointer; } .btcpay-form select:hover { border-color: #ccc; } .btcpay-form option { color: #000; background: rgba(0,0,0,.1); } .btcpay-input-price { -moz-appearance: textfield; border: none; box-shadow: none; text-align: center; font-size: 25px; margin: auto; border-radius: 5px; line-height: 35px; background: #fff; }.btcpay-input-price::-webkit-outer-spin-button, .btcpay-input-price::-webkit-inner-spin-button { -webkit-appearance: none; margin: 0; } </style>
<form method="POST" action="https://hydranode.org/btcpay/api/v1/invoices" class="btcpay-form btcpay-form--block">
  <input type="hidden" name="storeId" value="Bg5F7rnowYbnfGBv3UqicxPmX86n3yxCKxquPzX2fAw4" />
  <input type="hidden" name="checkoutDesc" value="Pay for ticket" />
  <input type="hidden" name="browserRedirect" value="https://hydranode.net" />
  <input type="hidden" name="price" value="1" />
  <input type="hidden" name="currency" value="CZK" />
  <input type="image" class="submit" name="submit" src="https://management.hydranode.net/logos/pay-button.png" style="width:209px" alt="Pay with BTCPay Server, a Self-Hosted Bitcoin Payment Processor">
</form>

That’s all. If you like this how-to press the Pay button and send some SATs to autor.

Do you want to make instant payments in BTC? It’s easy.

Do you want to make instant payments in BTC? It’s easy.

Do you want to make instant payments in BTC? It’s easy.

Bitcoin payments on the Lightning NetWork are really very simple today. Many merchants already offer their services and goods for Bitcoins. So there is no need to complexly use the classic FIAT currencies.

What do you need?

As with any payment, in any currency, you need a wallet. Since Bitcoins are electronic money and Hydranode supports Lightning network, you need an electronic wallet that supports the Lightning Network. There are actually a large number of usable apps available today for both IOS and Android. From this wide range, we would like to recommend the following:

So you see, there are many options.

Choose one and install it on the device you will have with you when you pay, probably a smart phone. Initial installation for all the wallets tested is simple and straightforward. Of course, it’s good to follow all the known security rules, but just like a traditional wallet, you won’t have all your funds, just your regular petty cash. So there is no need to worry unnecessarily.

Now that everything is ready, the following procedure will describe how to put the appropriate small “cash” in the wallet, corresponding to your normal purchases:

    • You issue a request on your device to replenish “cash” according to your needs. In Lightning Network language, we call this make an Invoice.
    • you pass the information from the Invoice about the amount to the counterparty from where you draw the “cash” (another wallet, friend, customer, vault, exchange). For example, you can generate a QR code and show it to the payer (or send it to them if you are not in their location).
    • The payer reads the required information, for example by scanning the QR code you transmit (or adding it from the file you sent) and confirms the payment.
    • Usually within a second (depending on the Payer’s system), the “cash” appears in your wallet.

You are now ready for shopping and off you go. In the next episode, we’ll take a virtual tour of your favorite store.

P.S. – If you’re impatient and in a hurry, try management.hydranode.net :-).

How to “fix” the value of bitcoin in the short term without registration

How to “fix” the value of bitcoin in the short term without registration

How to “fix” the value of bitcoin in the short term without registration

If, as a business, you decide to accept bitcoin (BTC), the question comes to mind: “What if the bitcoin exchange rate crashes in a month, and we need these funds for urgent operations in a company?”

In most cases, your business is not affected because only a tiny percentage of customers still pay with bitcoin. So you can consider the percentage of bitcoin income as long-term savings and not worry about short-term volatility.

However, if you receive more of the BTC revenue and know that you will need this income at the end of the month, for example, it is possible to “lock in” the value on the lnmarkets.com platform.

You can log in anonymously without registering using the Lightning login via the Phoenix wallet (recommended).

You deposit your satoshi here. 

Click on Swap to exchange them for “synthetic” USD. This will not buy any dollars or tether, but you will open a simple short position (no fee). In practice, this means that if bitcoin drops in price, you are left with exactly the same value.

You can reverse this process at any time, change your “synthetic” dollars to satoshi at the current exchange rate, and then withdraw at no charge. 

Admittedly, if the price of bitcoin makes a classic upward move – you lose the ability to capitalize on it. Therefore, we recommend using this feature only for short-term changes in the range of months.

Disclaimer: LNmarkets is custodial exchange and your sats are at counterparty risk. If they disapear, you will lose your money.

Ako si krátkodobo “zafixovat” hodnotu bitcoinu bez nutnosti registrácie

Ako si krátkodobo “zafixovat” hodnotu bitcoinu bez nutnosti registrácie

Ako si krátkodobo “zafixovať” hodnotu bitcoinu bez nutnosti registrácie

Ak sa ako podnikateľ rozhodnete prijímať bitcoin (BTC), naskytne sa vám otázka: “Čo ak kurz bitcoinu o mesiac padne a budem potrebovať tieto prostriedky na niečo naliehavé?”

Vo väčšine prípadov to váš obchod nemá ako ovplyvniť, pretože bitcoinom stále platí iba malé percento zákazníkov. Takže percento príjmu, ktoré vám príde od zákazníkov v bitcoine, môžete považovať za dlhodobé úspory a neriešiť krátkodobú volatilitu. 

Ak vám však príde viac tržieb v BTC a viete, že napríklad na konci mesiaca budete potrebovať tento príjem, je možné si jednoducho “zafixovať” hodnotu na platforme lnmarkets.com.

Môžete sa anonymne prihlásiť bez registrácie pomocou Lightning loginu cez peňaženku Phoenix (odporúčame).

Tu si depozitnete svoje satoshi. 

A po kliknutí na Swap ich zmenite za “syntetické” USD. Týmto sa nekúpia žiadne doláre ani tether, ale otvoríte jednoduchú short pozíciu (bez poplatku). V praxi to znamená, že ak bitcoin zníži svoju cenu, vám zostáva presne rovnaká hodnota.

Tento proces môžete kedykoľvek obrátiť a “syntetické” doláre si zmeniť na satoshi podľa aktuálneho kurzu a následne vybrať bez poplatku.

Pravdaže, ak cena bitcoinu spraví klasický pohyb hore – prichádzate o možnosť kapitalizovať na tom. Odporúčame preto, využívať túto funkciu iba na krátkodobé zmeny v rozsahu mesiacov.