Select the payment method 'Coinbase Commerce' and hit the 'Place Order' button. Coinbase Commerce module will redirect the customer to the Payment Interface. Under this payment window customer will have to pay within 15 minutes. Once paid customer will be redirected to Magento store with a Success or Failure message. Payment Methods Operational. Coinbase.com and Coinbase iOS and Android apps will not be available during this planned maintenance. We appreciate your patience.
The growth of cryptocurrency is prompting retailers to accept digital coins as a payment method. Bitcoin is the undisputed leader here, so it makes sense to start with Bitcoin if you intend to begin accepting cryptocurrencies.
This post offers a step-by-step guide to accepting Bitcoin payments in either a Shopify or WooCommerce setting. Both solutions are derived from the well-known Coinbase exchange and payment system using their Coinbase Commerce solution.
Sign up for an Account
Your first step is to sign up for a Coinbase Commerce account. You can do that by visiting the Coinbase website and following the appropriate links. Signing up will require e-mail address verification as well as two-step authentication. You are going to need to save a seed phrase as well.
Next, you will need to generate an API key:
- Navigate to the Coinbase Commerce Settings page.
- Click on Create a Key. This will generate an API key and reveal it below.
- Write-down this key and store it in a safe place. Make several copies of it as well.
Understand that Coinbase cannot reveal your key to you if you should lose it. This is a one-shot deal. Lose your key and you will have to start over from scratch.
Integration with Shopify
With your Coinbase Commerce account established and your API key generated, it is time to integrate with Shopify.
- Login to your Shopify account and navigate to the Payment providers section of the Admin page.
- Click Alternative payments followed by Coinbase Commerce.
- Enter the e-mail address you used to create your Coinbase account along with the generated API key.
- Tick the boxes next to the coins you want to accept. For example, you may want to accept Bitcoin and Ethereum.
- Click Save and you’re done.
You are now ready to accept Bitcoin payments within Shopify. Note that you can go back into the alternative payments section at any time to modify your choices. Change the coins you accept or eliminate the cryptocurrency option altogether.
Integration with WooCommerce
Integrating Coinbase Commerce with WooCommerce is just as easy as integrating it with Shopify. Once you have your Coinbase Commerce account established and your API key generated, you can begin integration.
Start by generating a webhook shared secret. You do this by navigating to the Coinbase Commerce Settings and clicking on the Webhook Subscriptions link. Click Add an endpoint to generate the secret. Write down or copy the appearing code for use later. Also make multiple copies and save them.
- Login to your WordPress dashboard and navigate to the Plugin section.
- Click Add New, then search for and install the Coinbase Commerce Payment Gateway for WooCommerce
- Activate the plugin once installation is complete.
- Now go back to the dashboard and navigate to the Settings> Payments
- Scroll until you see the Coinbase option. It should show as active.
- Click Manage on the right side of your screen. This will take you to a configuration screen.
- Enter a title, description, and your generated API key.
- Enter the webhook shared secret you generated earlier.
- Save everything and you’re set to go.
Integrating Coinbase Commerce with both Shopify and WooCommerce can be accomplished in mere minutes. Once it’s done, your cryptocurrency payment options will show up with any other options already enabled for your site. Do yourself a favour and protect your API key, webhook secret, and seed phrase by storing them in a secure place and making multiple backups. Losing this information could prove detrimental.
Today, cryptocurrency has become the mainstream market. It all started with Bitcoin when Bitcoin paved the way as a disruptive technology to the long unchanged traditional payment system. At present, there are now 3000+ cryptocurrencies in existence, categorized as Bitcoin, altcoins, and tokens. To start trading in cryptocurrency, you need to select a cryptocurrency wallet and an exchange. All in one solution for this is Coinbase.
Coinbase Payment Method Not Showing Up Yet
Coinbase is basking in the glory of their success for quite some time now. It has become the proud owner of the title ‘Leading online cryptocurrency exchange and wallet’.
Browse through the blog to know why Coinbase is a good choice, how to trade in cryptocurrency with Coinbase and what to do in case the coinbase transaction doesn’t show up. Let’s get started!
Coinbase – A brief
Headquartered in San Fransisco, Coinbase is a cryptocurrency wallet/exchange that was established in 2012. Coinbase has become the most favorable option because it acts as a wallet, exchange, merchant tools, and developer API. You can trade fiat currencies for digital currencies and vice-versa. Coinbase makes it possible for the exchange of digital currencies through a secured, trusted, and economical platform. Some of its popular features are:
- Buying and selling of popular digital currencies and monitor them.
- Storing digital funds in a coinbase vault with time delayed withdrawals for added security.
- Remain on top of the markets with Coinbase mobile application.
How can you buy digital currency on Coinbase?
Coinbase supports numerous digital currencies. Given below are the steps to buy digital currencies using a web browser and using the iOS & Android apps.
Coinbase Payment Method Not Showing Updating
- Using a Web Browser
- Go to the official website and Sign in if you are a new user.
- Buy the digital currency of your choice.
- Enter the amount you would like to buy in either digital currency or your fiat currency.
- Select the wallet to deposit your funds into.
- Select your desired payment method.
- Confirm the order and click ‘Buy’.
- Using the iOS & Android Apps
- Open the navbar; Go to the Menu icon near the top-left of the screen
- Click ‘Buy’.
- Select the type of digital currency you wish to buy.
- Enter the amount you would like to buy in either digital currency or local currency.
- Select the wallet to deposit your funds.
- Select your desired payment method.
- Confirm the order and click ‘Buy’.
If you make a purchase through your bank account, it might take 4 to 5 days to verify the transactions. Moreover, it takes about 2 to 4 days for the amount to be reflected in your bank account once the sale has been confirmed.
How to check the confirmation of cryptocurrency?
Your wallet will let you view the transaction on a block explorer or provide you with the transaction ID which looks like this: 7a43510802e113b7059851ef0a8a5c3625db37541861dd982f56253b2d5c4ff9 once you have made the transaction.
To check the number of confirmations for a transaction, paste this transaction ID into a block explorer like blockchain.info. Press ‘Enter’ and check for the details about your transaction.
The average confirmation time is 10 minutes.
Why is my Coinbase transaction not showing up?
Roughly, the incoming transactions reflect in the user’s account within a few seconds. It will reflect ‘Pending‘ till there have been enough network confirmations. This depends on the digital currency.
But in case your Coinbase Transaction is Not Showing up, some of the common reasons could be-
- You included an insufficient miner fee. This will never confirm the transaction.
- If two transactions try to pay out similar coins, one of the either will never be confirmed by the network.
- Your transaction will not be generated if you are trying to spend the coins that have not been confirmed.
- There is a high volume of users sending digital currency globally.
Nevertheless, wait for the transaction to hit the 24 to 48-hour mark for it to complete and fully confirm.
Concluding Up
Coinbase is one of the best broker exchange platforms available in the crypto sphere. It has successfully evolved as the leader in the crypto exchange arena. If you are facing any sort of issue with your Coinbase transaction, do not worry. Go through this blog to get your answer to ‘Why is my Coinbase transaction not showing up’.