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Accepting BITCOIN on a Warez website

Discussion in 'Making Money' started by Flushz0r, Dec 14, 2016.

  1. Flushz0r

    Flushz0r Newbie

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    Hello,
    I'm setting up a BTC payment gateway via WOOCOMMERCE on my warez website.
    I know that I will lose many customers, but seems there is no solution.
    But after some searches I didn't find some answers :

    I read that was not recommended to accept BTC on a wallet via a website like "Coinbase"...
    (And it was better to use Coinbase, just to buy BTC)

    Can you explain me this a little more?

    If I get a big amount of BTC on my personal wallet, what can I do with it? I don't get this point...
     
  2. TayaX

    TayaX Jr. VIP Jr. VIP

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    What can you do with it? What do you mean? spend them?
    You should use another type of wallet. Don't go with website platforms.

    PS: Bitcoin does not mean you'll be anonymous. If you ever break laws in your country, they will find you and kill you.
     
  3. Flushz0r

    Flushz0r Newbie

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    The idea is converting BTC in real money and put it somewhere in an offshore account right?

    I know it doesn't. And you know Warez means not legal)
     
  4. Larry Igna

    Larry Igna Junior Member

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    Bitcoins are stored in electronic wallets aka programs on your computer.You are the bank and the account owner.Your bank needs to be in sync with other bitcoin banks, so this technology it's a bit of pain in the ass for the average Joe.
    What Coinbase does is to give Joe an easy way.But the most secure way is to read about bitcoin and install a real wallet.
    When i say security, i mean you store your money, not coinbase not anyone else.
    Spending btc is easy, you either go to a store that accepts btc and buy stuff or go to a btc exchange and cashout dollars..or whatever currencies.
     
  5. UncensoredCreature

    UncensoredCreature Jr. VIP Jr. VIP

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    This is what you do.

    1) Get a VPS with linux or Windows desktop. Make sure to change the password so your hosting provider cannot access it. Install Bitcoin Core on it. You can do it from the official website bitcoin.org/download. Do not use some third-party crap like Coinbase. Create a wallet on it.
    2) You will need a script where payments from your store will go to this wallet on your VPS. It will cost you but it is the right way.
    3) Set up a legit site where you sell SEO services or whatever service you want. Have this VPS wallet pay that service.
    4) It will be smart to use different wallets so scatter your BTC from your main VPS wallet to other wallets on other VPS´s.
    5) Make moniez.
     
  6. Flushz0r

    Flushz0r Newbie

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    I get that point, thanks for the explaining.
    I can still advise my customers to buy bitcoin through COINBASE for easy of use? Right?

    About exchanging BTC to dollar, I guess you do it from peer to peer directly? Do you have more clues?

    I can get that script, I have a good friend dev...
    I just have set that legit website (audio mastering service) yesterday. Do I need to rent a VPS exclusively for this wallet, or I can install it on the same VPS than the website? One VPS per wallet right?

    Thanks for your time guyz
     
  7. GoDesain

    GoDesain Regular Member

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    Like other bwh member said.. build your own BTC.. beter use VPS to store your BTC installer..
    for your client, ask him to buy and use easy service like coinbase or something like that..
     
  8. Larry Igna

    Larry Igna Junior Member

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    Thing is..if someone wants to track you, it will, with or without Bitcoin.Because every btc transaction ever made is stored in the blockchain.So even if you don't own btc anymore, someone can tell where your btc went and ask there where those btc come from.
    It's a bit hard to explain, but bitcoin was built with "anti-stealing from wallet" features not "hide that crook" features.
     
  9. UncensoredCreature

    UncensoredCreature Jr. VIP Jr. VIP

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    Preferably have a different VPS.