is your registrar keeping up with crypto?

[Helmuts]

More and more businesses (not only people) using btc, usdt and other cryptos to pay for services. How's your registrar keeping up with cryptos?

Any crypto-only registrar? .. quite often (after most fraud cases users using stoplen Chase bank cards - it mostly seems to be an issue with Chase US cards > they just release any payment, even when nothing matches, like ip, geo, address etc) I think would it be possible to go crypto-only with HostMaria.

Also curious - which crypto payment gateways do you guys use?
I'm quite vocal on using Nicky.. and really like it (even though they haven’t integrated $Maria yet .. maybe some day).

a fun though… imagine if Nominet accepted Bitcoin for settling invoices? Would be pretty cool and not difficult, right?

 

[Helmuts]

our turnaround in crypto is around 1% only.. before it was only buying/renewing hosting > this year I start also seeing .com registrations/renewals settled with cryptos

our top crypto: #1 usdt (on tron).. the rest don't really keep up.. there are few usdt on binance, 1 user does monthly payments using manual doge trasfers, few btc.. haven't seen eth payments this year (I think)..

kraken is great > allows having business accounts + are fca regulated.. also super easy and cheap to withdraw funds to the bank account (after trading these to gbp, of course)

 

[NiceNICDomainServer]

Hi Helmuts,

Thanks so much for starting this interesting discussion!

We're NiceNIC.NET, an ICANN Accredited Registrar, and here are our responses to your questions:

1. How is your registrar keeping up with crypto?
— We've been accepting cryptocurrency payments since 2017.

2. Any crypto-only registrar?
— While we're not crypto-only, we do support crypto payments along with PayPal, bank transfers, and Zelle.

3. Which crypto payment gateways do you guys use?
— We currently use TripleA.

4. Top cryptocurrencies used?
— BTC, USDT, and ETH are the most commonly used, followed by LTC.

 

[Adam H]

I think for most its a headache, as a cryto investor I don't treat the assets as a liquid fiat where I spend, it is simple a mechanism to own the asset, buy it, hold it, store in cold wallets and dispose of when the time comes.

From a business point of view, I don't openly accept it and I wouldnt buy a domain with it ( yet ), I see it as another headache to have to add to Tax and VAT from an income standpoint and I don't believe it would gain me any additional custom by offering such payment methods.

But if a customer insisted they'd like to pay with crypto and it was of a significant sum, then id certainly do it. I just don't see the point with smaller transactions, at least until its more mainstream as a currency.

That said, that is just my personal thoughts on my situation, I can ofcourse see merit in it for other businesses.

 

[Helmuts]

There are many clients out there that are head-to-toes invested in various niches.. most often they have cashflow issues paying invoices > allowing them to pay with a crypto gives them an opportunity to pay for the service right now..

years ago I gifted 1eth to my youngest brother in Latvia.. it was like 100 or 200 usd then.. then the eth jumped up.. he really wanted to buy a computer, and couldn't do it as didn't find a solution on how to withdraw eth to eur (all the adults around him were scared to link their bank accounts to a crypto deal), and no local computer shop accepted crypto.. result = a customer didn't get a product he wished for, no local business got business just because they hadn't sorted this part out.. who won? .. in his case: coinbase, that froze his account for verification and still refuses to release the funds.. he did buy his eur2k gaming laptop later on > with fiat

there is a lot of crypto around waiting to be spent.. and there are not enough businesses that take this digital currency

 

[ukbackorder]

I accepted crypto for about 2 years after it was suggested by multiple people it should be an option. They never used it - in the end I did one transaction and it was a nightmare. I removed crypto after that and I still have that payment sitting on an external wallet because it's not worth the aggravation of joining a marketplace to try and turn it into cash. So much for being quick and easy I'm not surprised a lot of people don't offer it.

 

[ClassicalGuitar]

Hats off to you Helmuts, that was a generous gift to your brother, that $100 would be worth over $3,000 now!

 

[Helmuts]

Hats off to you Helmuts, that was a generous gift to your brother, that $100 would be worth over $3,000 now!

.. and also, 0.1 btc yes, feels cool.. and interesting .. also, some xmas, gave 0.1btc to my oldest daughter - she lost the access to her phone, and has lost the private keys

 

[Helmuts]

.. I wish I had that myself today .. then, these weren't worth as close as much as today

 

[Helmuts]

I did one transaction and it was a nightmare.

a nightmare? .. do you mind sharing more?