Advantages of Bitcoin payment with the Coinsnap module

Following the integration of the Coinsnap payment module, the eCommerce retailer now offers its customers a new payment channel that makes all other known payment methods look old in terms of security, user-friendliness and costs:

If the end customer has selected a product for e.g. €100,-, he can simply click on the button “Pay by Bitcoin”. The module then automatically converts the Euro amount into Bitcoins in the background, based on the current market prices, and asks the buyer to transfer the corresponding Bitcoin amount to a Bitcoin Wallet.

Bitcoin formula is the first address for all online merchants

Once the payment has been successfully booked, the merchant receives Bitcoin formula notification of the successful receipt of payment and can ship the ordered goods or provide the service offered on

Coinsnap prepares a statement of account for the merchant and pays the product price in Euro to the account specified by the merchant – additional bookkeeping for Bitcoin sales is therefore not necessary, nor is it necessary for the merchant to keep its own Bitcoin Wallet available.

Even if the merchant sells goods worth €100,- against Bitcoins in his shop, he still receives €100,- billed and paid out. He doesn’t need any previous Bitcoin knowledge for this, nor does he have to take care of anything except to integrate the Coinsnap payment module into his shop once.

Coinsnap offers the merchant a unique complete package consisting of shop module, conversion of the Bitcoin exchange rate, recording of the incoming payments of the Bitcoins and sale of the Bitcoins on the stock exchange as well as booking of the payment amount in the “official” shop currency on his account in a cost-effective, easy-to-install process.

About Bitcoin trader

Coinsnap, one of Europe’s leading Bitcoin trader payment providers, specialises in Bitcoin payment solutions for eCommerce, digital content and services tested by onlinebetrug.

The Dutch Bitcoin payment provider is part of a group of companies, some of which have European financial institution licenses, and is led by a management team that has acquired the highest level of expertise in the most diverse online payment methods for global online providers in over twenty years of cross-system payment processing.

As a full service Bitcoin payment provider, Coinsnap offers its customers the complete processing of all payment transactions with Bitcons: For over 30 of the most important shop systems, Bitcoin shop modules enable the integration of Bitcoin payments at the push of a button. Coinsnap assumes all risks (including exchange rate fluctuations) and thus saves the merchant all possible “headaches” when dealing with this alternative currency system. In addition, Coinsnap offers – for proprietary shop systems – an easy-to-integrate API connection.

Coinsnap thus enables online merchants to pay their customers for their goods, services or goods simply and inexpensively via Bitcoin.

Coinsnap is the first address for all online merchants who want to offer their worldwide customers payment via Bitcoin and at the same time attract millions of additional customers.

Bakkt Announces Bitcoin Futures

The crypto exchange Bakkt will delight the market with futures contracts in the future. According to a press release, the futures for the crypto currency Bitcoin are due to come this year. This announcement follows a recent personnel change.

Bitcoin futures and their influence on the market should have been known since last December at the latest. The announcement and launch of Bitcoin’s futures contracts by the CME and the CBOE (among other things) resulted in strong growth in the Bitcoin price. The signal behind it: We are dealing with regulated, government-approved financial products, so they must be legitimate.

Announcement after Bitcoin code review

The fact that this does not always have the desired effect for investors became apparent a few months later. The launch of the Bitcoin futures coincided with a (so far) incomparable bull run, which flattened out just as quickly. The air from the bubble escaped with high speed, many were alienated. The accusation of manipulation was not far off – according to studies, the Bitcoin code review futures had as much a share in the price rise as in the price fall. But as we now know, the brief bubble formation only led to the market now being more mature than before.

Physically Backed Bitcoin code scam

Now Bakkt is entering to bring a new product to the market: physically deposited Bitcoin Futures. In contrast to the common Bitcoin code scam futures, you bet a little differently here:

“These are futures contracts, the fulfilment of which changes the asset (here: Bitcoin) or the ownership right to it the owner. This means that the short position undertakes to sell the previously determined quantity of Bitcoin to the counterparty at the previously agreed price after the expiry of the contract and to transmit it “physically” (if this can be spoken of at Bitcoin). Should the Bitcoin price at this time be higher than the agreed price, the short position has made a loss. The deal for the long position was accordingly good”.

Here you can find the explanation in detail.

The physically deposited Bitcoin futures were originally planned for November. Having recently received prominent support from Adam White of Coinbase, the Exchange announced in a press release the final date for the launch of the futures contracts: 12 December 2018.

Study on price reactions to Bitcoin-News

Crypto currencies like the Bitcoin became prominent because of their extreme exchange rate fluctuations, but also aroused distrust on the part of the regulators. In a study, the Swiss Bank for International Settlements (BIS) has now examined the effects of Kryptonews on the price development of crypto currencies.

In its empirical study, the BIS examined the price reactions to a total of 151 messages from the cryptographic sector. She makes her approach clear using the example of two messages that noticed the cryptographic market at the time. The first is the SEC rejection of a Bitcoin ETF in March 2017. The second example is the decision of the Japanese financial supervisory authority FSA, which became known in June, to demand increased measures against money laundering from six crypto exchanges.

Thus, within the first five minutes after the SEC decision became known, Bitcoin’s share price slumped by 16 percent. The FSA report also caused the Bitcoin share price to crash in June.

Good news, bad news

The BIS concludes that positive news carries an average Bitcoin price increase of 0.33 percent; this applies to a time window of 120 minutes, 60 minutes before and 60 minutes after a headline is published. If this window is extended to 24 hours, the gains become more substantial. Here it is 1.52 percent by which the BTC price increases on average.

Negative news is reflected – at least in the 24-hour view – in clearer price movements. Although the price losses for the 120-minute time window around a negative report are at the same level as the increases for “good news” at 0.32 percent, the 24-hour window shows average price losses of 3.12 percent.

Bitcoin is a security

The fact that price movements can already be detected before a report becomes public suggests that news and information flows are gradually spreading.

When it comes to Bitcoin’s legal status reports, the BIS distinguishes between four subordinate topics:

specific set of rules for Bitcoin (outside its consideration as a security)
While reports on points 1-3 have a negative impact on the price both in the course of the day and in a 10-day comparison, news on specific regulatory guidelines (which do not regard the Bitcoin as a more strictly regulated security) have resulted in price increases for the Bitcoin.

For the Altcoins, the analysis comes to comparable results – especially for the “Bitcoin clones” Bitcoin Cash and Litecoin. Ethereum also reacts to news with similar intensity as Bitcoin. The privacy coin Monero is also susceptible to message-related price fluctuations, while competitor Zcash is less influenced by the current news situation. The XRP token, which is a special case due to its centralized structure, runs out of competition.