Getting Started with BTCPay Server – Free and Open Source Bitcoin and Lightning Network payment processor

This post is a sequel to my earlier Merchant's Guide and the Ultimate Guide to BTCPay. Since then, the software has matured, it's more feature-rich, light-weight and easier to install with plenty of documentation and video tutorials available.

What is BTCPay Server?

BTCPay Server is a free and open-source cryptocurrency payment processor which allows you to receive payments in Bitcoin (on-chain and via the Lightning Network) and supported altcoins, directly to your wallet without fees, transaction cost or a middleman via your own full node.

Think of it as a non-custodial invoicing system which eliminates the third-party. The private keys are never uploaded to the server. There is no address re-use since each invoice generates a new address deriving from your xpubkey. That means increased privacy, security, and censorship-resistance. It's a tool for self-sovereign businesses, organizations or even individuals.

Who can use BTCPay?

  • Merchants with an online or a physical store (connect your store to your BTCPay with one of many integrations or use a Point of Sale app)
  • Charities, organizations or content creators (receive donations via POS app or payment button)
  • Users who want to deploy Lightning Network node easily
  • Users who want to become payment processors for their friends or local community
  • Exchanges which want to integrate with BTCPay and allow merchants to receive fiat payments
  • Hosting providers which want to offer 1-click deployment to customers
  • Developers who want to help and learn

Why a business should run a full node?

Read this article

BTCPay vs other payment processors

The most significant advantage of BTCPay over other processors is that it is entirely free and open-source, non-custodial software, created by the community. While most of the other processors hold your Bitcoins, BTCPay allows you to receive payments P2P, directly to your software or hardware wallet.

BTCPay is a self-hosted software. This means that you are your own payment processor. There are no subscriptions, no transaction fees. There's no third-party involvement which significantly increases the censorship-resistance, privacy, and security for you and your customers. Furthermore, BTCPay enables you to become a processor, which means you can charge for registration of your local merchants, or provide a free service to help spread the adoption.

How to deploy BTCPay Server?

The easiest way is to use a web-wizard deployment and launch your BTCPay, Full Bitcoin and LND node in under a minute. Please visit this page for more deployment methods.

How much does it cost to run BTCPay Server?

BTCPay is a 100% free software. You can run it as a self-hosted solution on your local server, or use a hosting provider, which is what a majority of users do. Additionally, you can use a third-party BTCPay host and attach your store to it.

If you choose to host it externally, the price depends on the hosting provider. Be sure to choose a VPS which meets the minimal requirements.

The low-priced VPS servers tested by the community start at around 8.8$ /month.

E-commerce Integrations

Is there a list of merchants using BTCPay?

BTCPay is decentralized, non-custodial service, so we don't really have a way of keeping a track on the number of users. However, some community members try to keep a list of BTCPay stores.

I don't have a store, how can I create one?

Follow this step by step guide and build your first online store from scratch.

BTCPay Demo?

How can I contribute to BTCPay?

The easiest way is to use the software for your business, provide feedback and report any bugs or issues you or your customers encounter.

Translating BTCPay, helping us with documentation are also ways in which you can help, even if you're not a developer or tech-savvy.

We need more VPS hosting providers to implement 1-Click BTCPay deployment and make BTCPay widely-available.

We are actively looking for developers who can take on and resolve GitHub issues and help with development.

We appreciate each and every contributor to the project and support we get from the community here.

Have a question about BTCPay Server? Feel free to ask in the comments.

How best to proceed from here and keep up with the project??

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Bitcoin – The Currency of the Internet

My reaction when I spend hours explaining to my colleague that bitcoin is valuable because it’s the first piece of digital scarcity, the hardest money, and a global open access decentralised payment system, and he still insists it’s the same as tulip bulbs

My reaction when I spend hours explaining to my colleague that bitcoin is valuable because it’s the first piece of digital scarcity, the hardest money, and a global open access decentralised payment system, and he still insists it’s the same as tulip bulbs submitted by /u/autonova3
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Bitcoin – The Currency of the Internet

MtGox Civil Rehabilitation claims now open. EVERYONE WHO CLAIMED IN THE PAST MUST CLAIM AGAIN.

Announced today on MtGox's website:https://www.mtgox.com/

People who never claimed in the past should be able to claim under Civil Rehabilation, so it is not too late.

Deadline is October 22nd 2018 to fill a claim. If you lost your credentials/old email used to sign on MtGox, you will not be able to claim online and will need to claim offline, so DO NOT WAIT.

If you submitted a claim in the past on MtGox or with Kraken, YOU NEED TO CLAIM AGAIN. The procedure changed from bankruptcy to civil rehabilitation and you need to submit a claim. I believe you might lose your claim if you do not submit one under the civil rehabilitation process as bankruptcy is no longer in play. Kraken is also no longer involved.

Under civil rehabilitation, your claim is not a fixed price per BTC at time of commencement of bankruptcy. Everyone will be entitled to their fair share of all remaining BTC held by the trustee. Claims will not be locked in at the 50058.12 JPY valuation per BTC and Mark will receive nothing. Value from claimed forks (BCH, etc) will also be distributed or sold then proceeds distributed.

All documents are published on the website. It's a long read, but all the details are there.

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Bitcoin – The Currency of the Internet