Learn how to set up a USDT payment gateway for your business step-by-step. Learn tips and tricks for integrating and optimizing your USDT experience.
Tether is a great option for companies that have decided to accept payment from their customers in cryptocurrency. Its exchange rate is relatively stable, as it is tied to the dollar exchange rate, transaction fees are low, and if desired, it can easily be exchanged for more volatile cryptocurrencies. To make usdt payment gateway possible for your customers, you need to connect a business cryptocurrency wallet to your website or platform.
In the text, we will give step-by-step instructions on how to set up a USDT-payment gateway using BitHide as an example, as well as share recommendations for choosing a tool for the company. It should provide clients with security, privacy, and offer sufficient tools for working with cryptocurrency, including built-in AML address verification.
Risk level: USDT cryptocurrency wallet verification
It is important for businesses to be able to quickly check how high risk cryptocurrency is at a particular address. To do this, a wallet should offer a built-in AML verification tool. BitHide users have it, so they can:
query the counterparty for the address from which they plan to transfer funds to find out their risk level before they arrive;
make informed decisions about which assets are safe to send to an exchange and which ones are not, as they are likely to be blocked due to their risk level;
Separate funds by risk and store them at different addresses, so that low-risk cryptocurrencies are not blocked while stored with high-risk coins.
Wallet integration: accept USDT on the website
To allow customers to pay for your products or services with Tether, you need to integrate your cryptocurrency wallet with your website or platform. For this purpose, the chosen solution should in principle provide the ability to integrate with third-party solutions via API.
Tools for working with cryptocurrencies
To effectively manage cryptocurrency business funds, you need to have the necessary tools for this, here are the most important ones:
creation of different sub-wallets and unlimited number of addresses in them to separate financial flows and avoid confusion;
mass payments for simultaneous transfer of different amounts to multiple users;
flexible setting of regular or one-time auto-withdrawals to one or different wallets;
creation and uploading of balance reports with fixation of cryptocurrency rates at the moment of receipt;
shared access with the ability to assign different roles to all users.
All of the above functionality is available in BitHide crypto wallet for business. Here are the steps you need to follow to start using it.
USDT payment system: step-by-step setup using BitHide as an example
First, you need to leave an application on our website. After that, our managers will contact you, find out how exactly you would like to use our product and calculate an individual tariff plan for you.
Then the cryptocurrency wallet software will be installed on your server. BitHide is a non-custodial product and runs on client-controlled hardware.
The client will then receive a file to install the GUI on their computer, as well as a unique 512-bit product code that will be used for data encryption and authorization in the wallet. At the first login stage, a seed phrase will also be generated, and a PIN code will also need to be invented.
Once the customer is in the wallet workspace, they will be able to set up API integration with their website. After that, customers will be able to pay for goods or services with cryptocurrency. The wallet will generate a unique address for everyone.
With all of the above actions will help to understand the specialists of competent and prompt technical support service. Try BitHide in your company to make sure that working with cryptocurrency can be convenient and easy.
