Easiest Way to Do Crypto Payments Online with a Crypto Bank Account11 min read

Easiest Way to Do Crypto Payments Online with a Crypto Bank Account11 min read

From figuring out private keys to transaction fees to confirmation times, crypto payments in “normal” form aren’t exactly plug and play.

Fortunately there is an easy way to do it – with a crypto bank account. Services such as The Kingdom Bank give you all the benefits of banking but on a digital asset platform. 

Let’s look at how a crypto bank account can make your life easier by making crypto just another rail for payments.

How to Set Up a Crypto Bank Account for Seamless Crypto Payments

Your crypto banking account is easy to set up. Here’s a snapshot of how it goes:

• Sign Up. To open a The Kingdom Bank account, visit the website and click “Open Account”. Simply fill in the online application form with your basic data.
• Verify Yourself. The Kingdom Bank will have to verify your identity to comply with regulations. All you need to do is show your ID and take a quick selfie.
• Fund Your Account. Use the same bank to transfer funds, deposit cryptos, or connect a debit/credit card. The Kingdom Bank supports major monetary systems like USD, EUR, BTC and so on.
• Start Using It. Congrats, your account is now crypto-ready! You can purchase, sell, send and receive all sorts of digital assets with a few clicks. The Kingdom Bank takes care of the backend and you don’t have to concern yourself with private keys or swaps.

Crypto banking eliminates much of the hassle that comes with traditional crypto custody.

 At The Kingdom Bank, your digital dollars are as accessible as the paper one.

Step-by-Step Guide to Making Your First Crypto Payment Online

Okay, now let’s conduct a real crypto trade using your brand-new The Kingdom Bank account. Here’s the play-by-play:

• Select Your Currency – Select Bitcoin, Ethereum or whatever crypto you want to spend.
• Copy the Receiving Address – Copy the recipient address from an invoice or a request for payment.
• Enter The Amount – Enter how much crypto you would like to transfer in SATs, wei or other equivalents.
• Read and Update – Verify all information is correct before clicking “Pay.”
• Payment Sent! – You’ll be notified when the transaction was broadcast to the blockchain. The recipient sees the cash very quickly.

As you can see, cryptocurrency payments through The Kingdom Bank is no different than sending regular currency. 

No scrubbing around for private keys or waiting for hours to get confirmation. Crypto is as convenient and effortless as banking.

Benefits of Using a Crypto Bank Account for Crypto Payments

Combining cryptocurrencies with secure bank services, crypto banks such as The Kingdom Bank address most of the challenges that hinder digital assets adoption. 

Here are some of the primary benefits:

• Security – Authorized vendors use bank-grade security protocols to keep your crypto more secure than custody.
• Accessibility – We make onboarding easier so that everyone can easily trade, buy and use crypto directly from their phone or laptop.
• Availability – Store fiat and crypto in one place via an intuitive interface. No more moving back and forth between exchanges and wallets.
• Spendability – A number of crypto banks offer debit cards, which allows you to directly use your digital wallets at stores all around the world.
• Cross-Border Payments – Transfer money around the world for pennies, rather than paying 10%+ for wire transfers. Transactions confirm in minutes.

A solution like The Kingdom Bank removes the mystery of crypto, allowing anyone, beginner or pro, to access the new digital economy. Crypto is just as accessible as banking online ever was.

How Crypto Banks Ensure Secure Crypto Payments Online

As crypto usage rises, so do attempts by hackers to siphon off digital assets. 

Financial institutions should have adequate security to protect client funds.

Licensed crypto banks such as The Kingdom Bank take digital security seriously. We employ measures like:

• Cold Storage – The majority of crypto funds are offline in “cold” wallets disconnected from the internet.
• Multisig Verification – Every transaction involves multiple private keys from different stakeholders, which increases redundancy.
• Digital Asset Insurance – Digital properties are covered against a hack or theft, which offers users an extra layer of protection.
• Regular Audits – Crypto reserves are audited monthly by leading accountants to keep assets aligned with liabilities.
• Bank-level Infrastructure – IT, processes, authentication, and testing help protect your network from digital and social attacks.

With its strict security measures similar to the banks from the conventional financial world, crypto-banks such as The Kingdom Bank offer users a sense of greater comfort when using their online accounts. Since security is paramount, clients can bask in the crypto advantages without having to worry.

Can You Make Cross-Border Crypto Payments Using Your Crypto Bank Account?

One of the best crypto applications is to do low cost international money transfers. Crypto banking enables you to take advantage of this anytime you require international money transfer.

Traditional wire transfers are costly and cumbersome. Fees usually amount to 10% or more of the amount of a transaction and clearing times often take more than a few business days.

By contrast, crypto payments settle instantaneously across public blockchains regardless of the location. There are no middlemen scooping % off the top. Transfer fees to transfer digital assets around the world are a tiny fraction of the price of a wire transfer.

Using your The Kingdom Bank crypto bank account, crypto payments cross-border function as follows:

• Select Crypto to Send – Select your currency, such as Bitcoin or a stablecoin.
• Enter a Recipient Address – Copy the address of the recipient from their crypto wallet or bank account.
• Global Transfer – Review and click “Pay”. The Kingdom Bank broadcasts the transaction.
• Paid Worldwide – Money is received instantly by the recipient, without currency conversion markup.

Crypto banking allows you to transact funds across borders securely and cheaply. The Kingdom Bank handles the technical side.

Crypto banking provides a regulated and fresh path for anyone to be part of the digital currency economy. 

Services such as The Kingdom Bank bypass this by marrying cryptocurrencies with traditional financial services.

When paired with a crypto bank account, sending and receiving digital payments is as simple as online banking. No matter if you are moving money locally or internationally, The Kingdom Bank takes the hassle out of it.

If you’re hesitant about cryptocurrency because it’s risky or the technical aspect is too challenging, crypto banking dramatically simplifies the process. Ready to get started? Simply head to The Kingdom Bank to open an account and get started on your crypto journey today!