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8 votes
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What percentage of merchant Bitcoin receipts are immediately converted into fiat?

The last stats Bitpay published were in December, 2014, so it may be somewhat out of date. They said that 10% of the merchants keep settle entirely in Bitcoin, 41% of the merchants keep a part of ...
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7 votes

Do payment processors who convert bitcoin to dollars (like Coinbase and Bitpay) devalue bitcoin?

For every Bitcoin they sell, someone else had to obtain that Bitcoin. So they increase the demand for Bitcoins by at least as much as they increase the supply. In addition, they increase the utility ...
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7 votes
Accepted

What wallets are affected by the NPM package vulnerability?

Only Copay is affected by this vulnerability. Although the package was included by many, many projects (both within and outside the crypto space), the attack payload was encrypted, and used the ...
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  • 16.4k
6 votes
Accepted

Direct Deposit From Employer To BitPay?

I am not aware of BitPay providing that service. The most well known company that specializes in what you describe is BitWage: https://www.bitwage.com/ Maybe that is what your friend meant since ...
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  • 396
5 votes

How to accept payments with Blockchain in PHP

Since you say "sort of a BitPay system", I assume you don't want to use BitPay. You can start with dissecting some of the work people have done in the space on repositories such as bitwasp or bitcoin-...
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  • 161
4 votes

How do I withdraw money from BitPay?

According to their support site it should be on it's way without you doing a thing. I quote: If you choose to take settlement in bitcoin, BitPay will forward bitcoin payments to your bitcoin ...
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  • 1,418
4 votes

Help recovering BitPay wallet Reward!

What can I do? You could find tools that automate the trying of various combinations of seed-words. Some are mentioned in similar questions here. For example btctools, btcrecover. Use them or adapt ...
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3 votes

I sent bitcoin to someone and did not get paid

Does Bitcoin have a function that would allow the BTC you sent to be returned, No. The only way to get the BTC back is if the recipient makes a new transaction sending the Bitcoin to your receiving ...
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  • 3,136
3 votes

Displaying price in BTC based on USD exchange rate

Since Mt. Gox is down and the market is split, I would suggest using blockchain.info's API. I believe they combine different current market prices to make one average price. This is much more reliable ...
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  • 1,570
3 votes

How does bitcore-node get its data?

A Bitcoin blockchain indexing and query service. Intended to be used with as a Bitcoin full node or in conjunction with a Bitcoin full node. From the first line of the README. It’s an out of date ...
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  • 15k
2 votes

Do payment processors who convert bitcoin to dollars (like Coinbase and Bitpay) devalue bitcoin?

Alex, You're logic is correct. While the payment processors are facilitating an enviornment for increased demand, they are also putting downward pressure on a fairly thin market when they have to be ...
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2 votes

What happens if a TX was a double spend?

The appearance of a double-spend on the network throws the status of the earlier payment into doubt. The doubt is only resolved when one of the payments is confirmed. As always, the more ...
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2 votes

Should I use bitpay?

Electrum (https://electrum.org) is a good choice if you wish to store your bitcoin locally on your PC. Supports things like hardware wallets, multiple wallets, seed (longish string of words) to ...
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2 votes
Accepted

How do I transfer bitpay wallet from one machine to another (PC or oth. type of device)

Found it. There are 3 ways to do that in bitpay. Export by scanning the QR code that can be found in: Settings > "Wallet name" > More options > Export wallet Export to file w/ password. ...
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2 votes

How does BitPay detect unconfirmed transactions so quickly?

That is feature of Bitcoin node network. When your client sends your transaction to network, every node is also sending your transaction to every other connected nodes. In about 5 seconds it is ...
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2 votes
Accepted

BitPay / Copay's Weird Bitcoin Cash Address Format

The previous answer, while correct, is outdated. While BitPay did use a proprietary format early on, we quickly adopted the CashAddr format for Bitcoin Cash/BCH transactions. Example: bitcoincash:...
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2 votes

BitPay / Copay's Weird Bitcoin Cash Address Format

It's a new address format for Bitcoin Cash proposed by BitPay, to prevent BTC/BCC address confusion. It's not widely used, currently. The old addresses that start with 1 (P2PKH) are converted to ...
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  • 9,789
2 votes

Displaying price in BTC based on USD exchange rate

An older, maybe somewhat wiser me, answering my own question: Here's some PHP to get the exchange rate. <?php $page = file_get_contents('https://bitpay.com/api/rates'); $my_array = json_decode($...
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  • 406
2 votes

How do Bitpay invoices hide the Bitcoin address to pay to? I want to pay with another wallet.

Bitpay uses the BIP 70 Payment Protocol. This protocol does not use addresses, which is why they are able to now show an address. Rather, the Bitcoin URI that you are given (either you scanned it with ...
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  • 60.5k
2 votes

Help me please, restore a deleted Bitcoin Wallet

If you have made a backup of the seed words given by the original wallet, you should be able to simply restore them. If you do not have a backup, your only hope is to immediately turn off the device ...
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  • 16.4k
2 votes

How to accept Bitcoin payments using Bitpay and Electrum for a business

Bitpay is easy to use but certainly has many limitations at least on the merchant side. In my country it has even suspended the bitcoin settlement service altogether. If your company is interested in ...
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2 votes

How to accept Bitcoin payments using Bitpay and Electrum for a business

BitPay is literally the worst choice you can make for Bitcoin payment processing. BitPay routinely requires your paying users to provide sensitive document scans even for the smallest amounts like $10 ...
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1 vote

Bitcoin not received!

My bitcoin is received but there was just a one day delay.
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  • 11
1 vote

How to recover my Copay wallet using the 12 word seed phrase

Are you using the Import option when you try to recover the wallet? This issue looks similar to what you're experiencing: https://github.com/bitpay/copay/issues/7399
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1 vote

Run insight in VPS

Bitcore is based on Bitcoin Core and must download the entire blockchain. Furthermore, it builds more indexes than Bitcoin Core does, so it will require more computing power and disk space than ...
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  • 60.5k
1 vote

How do payment processors like bitpay work?

They generate a private key and an address corresponding to that private key everytime you see BitPay's payment page (even if you don't pay they keep the private key and that private key is generated ...
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  • 9,789
1 vote

Importing Electrum backup into Bitpay?

Unfortunately, this is not possible, unless Bitpay allows you to import individual private keys, which, AFAIK, they don't. Almost no wallets use the same wallet file format. They are generally ...
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  • 60.5k
1 vote

Bitpay Without Credit Card

BitPay just payment processor. As buyer in stores you need own only bitcoins in any wallet, exchange or other places. When you make payment to this store, you will need send btc from your wallet or an ...
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1 vote

Copay wallet problem: "Could not update Wallet: Network connection error"

After some hours, it started to work again. Apparently bitpay's servers were down for a bit.
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  • 1,673

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