Many SMM panel owners are continuously frustrated by the inability to get money from some consumers. We make every effort to include as many payment methods as possible so that clients from various countries may add funds using the methods that are most convenient for them.
However, because many payment systems are not available to SMM services resellers, there aren’t always a lot of options for clients to pay for panel services. Paying using cryptocurrencies might probably be one of those viable possibilities. There are several cryptocurrencies available today, both very volatile and considerably more stable (they are called stablecoins). But what are the overall advantages of using cryptocurrency to make payments?
Accessibility of cryptocurrencies
The first and most crucial point to remember is that anybody may build a bitcoin wallet. You do not need to provide any personal information or submit any documentation to prove your identity to do so. This is why it’s an excellent alternative for folks who are unable to utilize payment methods that need identification verification. Most payment methods need some kind of identification verification. As a result, it is not an option for resellers who reside in areas where their company is restricted by government rules or who choose not to divulge their personal information for any other reason. Accepting bitcoin payments might help you avoid these issues.
Many people worldwide lack access to a bank account, either temporarily or permanently. This is when cryptocurrency payments become an excellent option.
Many panel owners are from countries where reselling SMM services is not regarded as a legitimate method to generate money. As a result, taking cryptocurrency payments might sometimes be the most secure method for them to run their operations.
Digital wallets, which can be accessed from a computer or a mobile device, are the most common way to hold bitcoins. Some people, however, keep them in hardware wallets that resemble USB sticks. This is how individuals all across the world can utilize cryptocurrency without too much difficulty.
Private and secure transactions
It’s also worth noting that crypto transactions are valuable since they’re secret and safe. Nodes – a decentralized network of devices — verify each transaction on the blockchain. It is also timestamped and connected to the prior transaction, resulting in a chronological chain of transactions. The record of such consecutive and irreversible transactions is synced and updated on all devices connected to the blockchain network.
It eliminates the possibility of a third party manipulating such a transaction or a sender reversing it. Because these transactions can be tracked anonymously using the block explorer, anybody may verify their existence. As an example, here you can follow global Bitcoin transactions.
You may also establish as many account numbers or addresses as you need within your bitcoin wallet if you don’t want to carry too much cryptocurrency. For example, if you want to keep your money in one location but still use your phone to pay, you may set up a different account number or address to which you can move part of your coins. Essentially, you may add as many protection measures to your crypto money as you desire. And it’s fantastic when SMM panel owners have alternatives for making their business revenues as safe as possible.
Lower transaction costs
Cryptocurrency transaction fees can be significantly lower than some usual payment method fees.
You can avoid paying major fees when transferring the money between crypto wallets. Fees are also lower when you transfer big sums in crypto than when you do it using traditional ways. Moreover, if you have the option to transfer funds in stablecoins, the fees won’t be that high. The value of any coin like that is tied to much more stable assets. For example, USDT (Tether), BUSD (Binance USD), and USDC (USD Coin) are tied to the value of the US Dollar, which helps obtain better control over your funds.
Higher transaction speed
There can be exceptions like with any other method, however, most of the times the speed of crypto transactions is very high. Some payments get completed almost immediately no matter where you are.
It’s a great alternative to other payment methods, especially if getting access to those methods is a problem for any reason. And, again, because of the nature of SMM services reselling, many panel owners can experience such problems. Cryptocurrencies become a great solution in cases like that.
Decentralization of cryptocurrencies
Usually thousands of nodes (devices) create a blockchain so when one or even several of servers temporarily disappear from the network, it doesn’t become a problem.
Because the blockchain network is decentralized, a central authority (such as a bank) can’t intervene with or suspend any process there.
If you’re the only one who knows your crypto wallet password / passphrase, then your money is solely under your management. No one else can access it. On the other hand, when you create a bank account, you become a creditor of your chosen bank that manages your funds on your behalf. See the difference, right? You have to trust the bank to perform all the transactions you need. But if you use cryptocurrencies, you can control your own money transfers without the intervention of any third party.