BTCPay Server is a direct, peer-to-peer Bitcoin payment system that comes with improved security and privacy. This review will examine its features, pricing, history, and any other useful information to ascertain if BTCPay Server can work for you.
What Does It Do
BTCPay Server is a self-hosted cryptocurrency payment processor that allows anyone to receive Bitcoin payments directly. Included in some of its key features are:
• Direct, peer-to-peer payments: It implies no intermediaries hence much faster and way safer transactions.
• No transaction commission: Users pay only the Bitcoin network fee and nothing else.
• Non-custodial: Private keys are entirely owned; hence, more secure.
• Improved privacy: Supports Tor for anonymous transactions
• SegWit & Lightning Network: Compatible with SegWit and many different implementations of the Lightning Network for fast settlement of transactions.
• Multi-Tenant Support: Share your instance with friends or other users.
• Invoice Management: Tools for creating and managing invoices and payment requests.
• Apps: Includes point of sale, crowdfunding, and donation button applications.
Pricing
BTCPay is free to use, therefore there are no subscription or hidden costs to using it. The only costs for a user to incur are those related to hosting his own server and every transaction via Bitcoin network fee. Thus, it is highly cost-effective for businesses of any scale.
BTCPay History
BTCPay Server, by Nicolas Dorier, was first released in 2017 as an answer to growing centralization within Bitcoin payment processors. Years have passed, and the server has been considerably improved to support SegWit and the Lightning Network, along with other features related to privacy, including Tor. Continuous improvement and updates are contributed by the community.
Summary
BTCPay Server is a robust and flexible Bitcoin payment processor that offers a greater degree of privacy, security, and control. Unique features, coupled with community-driven development, make BTCPay Server a unique choice of choice for any business and person wanting to receive Bitcoin payments. If you're seeking reliability and cost-effectiveness, you might want to give BTCPay Server a thought.
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