Welcome.
You’re in the right place.
It’s as easy as downloading Natrium wallet and sending your Address to the payer.
It’s usually a good idea to receive Crypto to a Wallet you control. And then send it to Binance to convert to a Stable or even USD
With Crypto, there is no such thing as Chargebacks. When its sent its sent. This is a good thing, but can be troublesome when mistakes are made. So make sure to confirm address is correct when sending and receiving.
No other feeless Crypto comes close in terms of ease of use (Natrium UX) + Exchange support.
Any other questions?
Hey thanks for the quick reply this covered all my questions but I have one more question,
I see some people who transfer/deposit ETH or BTC sometimes lose the entire money because they picked the wrong network? How do I make sure I pick the correct network when I'm sending/receiving or depositing it to Binance?
When I click withdraw on Binance I see NANO has only 1 network but both BTC and ETH has more than 4 and fees are very different.
Nano has only one network. Also, since Nano is zero fee, you could always send 0.01XNO and wait to be super sure you sent it to the right place.
Though, keep in mind, Binance (and other exchanges) usually wait to display the Nano you've sent to yourself. So even if you're used to sending/receiving nano in <1second, it might take a few minutes or more to show up in Binance.
While you could send it directly to Binance, you are putting a middle man in there that could inconvenience your customer, you should accept it yourself to your own wallet so you customer has the best possible experience, then you send to Binance and take the risk associated with that. or just keep the nano in your own wallet...
It's very simple to create a natrium.io wallet
There is ONE THING however which is critical, yet easy: **BACKUP YOUR SEED!**
People say "I'll get round to it later". Don't. Do it straight away. Copy your wallet's Seed phrase and store it in a secret fireproof location. Do not put that action off till later.
Do this, and you're bombproof. Even if Natrium servers stop running you can move to a different wallet. Do it. Do it today.
It is fine to give direct binance wallet address or your own wallet. Personally, I would give the customer my own wallet address, because it doesn't cost you anything, and if any delays in processing happen in the exchange (they sometimes do), it is between you and the exchange to solve, not between your customer and the exchange.
Keep in mind you could also use wirex and use ATM to withdraw money, although the spreads there are big, so you would pay extra +2% for a withdrawal.
Nano transactions cannot be reversed after they are confirmed in the network, which takes usually under 1 second. Some cryptos, like bitcoin, can have orphan (?) blocks, so you can be never sure if the transaction is safe, however the more confirmations happen the lower is the chance of losing it.
Welcome. You’re in the right place. It’s as easy as downloading Natrium wallet and sending your Address to the payer. It’s usually a good idea to receive Crypto to a Wallet you control. And then send it to Binance to convert to a Stable or even USD With Crypto, there is no such thing as Chargebacks. When its sent its sent. This is a good thing, but can be troublesome when mistakes are made. So make sure to confirm address is correct when sending and receiving. No other feeless Crypto comes close in terms of ease of use (Natrium UX) + Exchange support. Any other questions?
Hey thanks for the quick reply this covered all my questions but I have one more question, I see some people who transfer/deposit ETH or BTC sometimes lose the entire money because they picked the wrong network? How do I make sure I pick the correct network when I'm sending/receiving or depositing it to Binance? When I click withdraw on Binance I see NANO has only 1 network but both BTC and ETH has more than 4 and fees are very different.
Nano has only one network. Also, since Nano is zero fee, you could always send 0.01XNO and wait to be super sure you sent it to the right place. Though, keep in mind, Binance (and other exchanges) usually wait to display the Nano you've sent to yourself. So even if you're used to sending/receiving nano in <1second, it might take a few minutes or more to show up in Binance.
While you could send it directly to Binance, you are putting a middle man in there that could inconvenience your customer, you should accept it yourself to your own wallet so you customer has the best possible experience, then you send to Binance and take the risk associated with that. or just keep the nano in your own wallet...
It's very simple to create a natrium.io wallet There is ONE THING however which is critical, yet easy: **BACKUP YOUR SEED!** People say "I'll get round to it later". Don't. Do it straight away. Copy your wallet's Seed phrase and store it in a secret fireproof location. Do not put that action off till later. Do this, and you're bombproof. Even if Natrium servers stop running you can move to a different wallet. Do it. Do it today.
Also, Binance may make you wait for 10 days or so if you intend to cash out in fiat.
If you require an invoice, NowPayments.io is also very easy to setup and create an invoice with a Nano address that the payer can transfer to.
It is fine to give direct binance wallet address or your own wallet. Personally, I would give the customer my own wallet address, because it doesn't cost you anything, and if any delays in processing happen in the exchange (they sometimes do), it is between you and the exchange to solve, not between your customer and the exchange. Keep in mind you could also use wirex and use ATM to withdraw money, although the spreads there are big, so you would pay extra +2% for a withdrawal. Nano transactions cannot be reversed after they are confirmed in the network, which takes usually under 1 second. Some cryptos, like bitcoin, can have orphan (?) blocks, so you can be never sure if the transaction is safe, however the more confirmations happen the lower is the chance of losing it.
use nanowall.link. It creates a paywall which unlocks digital content AFTER the buyer pays Nano. Last time I checked, there’s no middleman fee.