⚡️ Proven Ways to Speed Up a Bitcoin Transaction

When the network is congested, transactions go into the mempool, a queue of unconfirmed operations. Miners prioritise transactions with higher fees, so the lower your fee, the longer the wait.

Five ways to speed up a transaction:

➖ Increase the fee — the simplest option. Most wallets allow you to adjust it manually.
➖ RBF (Replace-by-fee) — replaces an unconfirmed transaction with a new one at a higher fee. Supported by Electrum, Exodus, Trezor, and others.
➖ CPFP (Child Pays for Parent) — creates a new transaction with a high fee based on the unconfirmed one. The miner confirms both at once.
➖ Increase payment priority — avoid small amounts with standard fees, use digital signatures, and send through trusted servers.
➖ Transaction accelerators — external services that push your transaction through the mempool. Both free and paid options are available.

The higher the network load, the more important it is to calculate the right fee before sending.

ℹ️ Read more about speeding up Bitcoin transactions

❗️ What to do if an invoice is partially paid

Partial payment usually occurs when the customer does not account for wallet or blockchain network fees and less than the required amount is received.

How to resolve this:

The customer can pay the remaining amount. The system will automatically calculate the shortfall and display it on the invoice page.

The merchant can also confirm the invoice manually through the dashboard. To do so, go to the Payments section, find the invoice using the search, open it, and click the Confirm button.

In the project settings, you can set an allowed payment tolerance in advance, and the invoice will be confirmed automatically. For example, if the allowed deviation is $1, a $10 invoice will be confirmed even if the customer sends only $9.50.

➡️ Learn more in Trybit documentation

🔵 Blockchain network fees: what they are and how they work

A network fee is a mandatory charge for every cryptocurrency transaction. It serves two purposes: it rewards miners for confirming transactions and protects the network from spam attacks.

The fee does not depend on the transfer amount. It depends on the transaction's size in bytes and current network congestion. The higher the fee, the faster miners will include the transaction in a block.

What affects the fee size:

➖ network congestion — more transactions in the queue means higher competition for block space transaction
➖ complexity — multi-signature and multiple inputs increase the transaction weight
➖ urgency — faster confirmation requires a higher fee

You can reduce costs by transacting during low-activity periods or adjusting the fee manually in your wallet. Network load can be monitored in real time via special services.

➡️ Learn more about blockchain network fees

💵 Static Wallets: one adress for every payment

A static wallet is a permamnet adress for acceptng cryptocurrency payments.

Customer sends any ammount by adress or QR-code, funds are credited to their balance automatically and fees are deducted without manual handling. You receive a postback-notification anf keep full visibility over every transaction.

Ideal for IGaming, subscription services and any platform built around user balances. Available through the dashboard or API.

➖ Learn more in Trybit knowledge base

💰 How to reduce acquiring fees

Bank acquiring is expensive, and international payments make the cost even more noticeable.

To reduce bank acquiring expenses, it is worth reviewing the contract for hidden fees, disabling unnecessary options, and joining the loyalty program.

At the same time, blockchain fees are generally lower and do not depend on the buyer's location. No chargebacks, simple verification, and fees can be passed on to the buyer.

Trybit supports Bitcoin, USDT, Ethereum, and over 40 other cryptocurrencies with fees starting from 0.4%. Integration is available via API, HTML widget, or ready-made modules for WooCommerce, Tilda, and other CMS platforms. Registration and setup are free.

➡️ Learn more about reducing acquiring costs

🟪 Trybit payment page for a better conversion

The payment page is designed to help customers complete the payment without unnecessary steps.

It works on any device and supports 7 languages with automatic browser detection. The exchange rate is fixed at Binance price at the time of invoice creation and does not change until payment is made.

The customer selects a cryptocurrency and network, receives an address and QR code, and sends the amount. The invoice is confirmed automatically. The payment is accepted from any crypto wallet, MetaMask, Trust Wallet or WalletConnect.

The page can be customised to match your brand identity: add a company logo, choose prefered colour theme, and set the order of available currencies. A payment timer, support chat, and transaction status notification are also included.

➡️ Learn more about the payment page

💳 Hot or cold crypto wallet: which one to choose

Both wallet types store private keys, but they work differently and serve different purposes.

A hot wallet stays connected to the internet. It is convenient for regular transactions, connecting to dApps, and decentralised exchanges. Popular options include MetaMask, Trust Wallet, and Exodus. The main drawback is lower security due to constant internet exposure.

A cold wallet stores keys offline. It is nearly impossible to hack without physical access to the device, making it ideal for long-term storage of larger amounts. Downsides include cost starting from $80 and inconvenience for frequent transactions. Popular options: Ledger, Trezor, Tangem.

Many crypto holders use both: a cold wallet for storage and a hot wallet for everyday operations.

➡️ Learn more about choosing a crypto wallet

❌ Tips to keep your Trybit account secure

A few simple steps to protect your account:

➡️Use strong, unique password that is not used elsewhere and change it roughly every 3 months

➡️Store your credentials in a password manager such as 1Password or LastPass

➡️Enable two-factor authentication

➡️Keep reliable antivirus software running on your device

Trybit stuff will never ask for your password two-factor authentication codes or any login credentials other then email

If anyone claiming to represent Trybit support asks for this information or asks you to install remote access software, contact our support chat immediately trybit.com/support

✅ Learn more about account protection

🔴 GRAM (ex-Toncoin) drops 15% after the rebrand

On June 15, Toncoin officially rebranded to GRAM, a move led by Telegram founder Pavel Durov. After the June 1 announcement, the price jumped 20%, nearing $2.3, but by June 5 all the gains had faded.

GRAM is now trading at $1.61, ranking 21st by market cap on CoinMarketCap. The price is down almost 80% from its 2024 peak and lost 15% over the past month.

Exchanges are switching to the new ticker at different speeds. Some platforms, including CoinMarketCap and CoinGecko, have already updated their data, while others plan to do so within the next few weeks. Binance and Coinbase are still trading under the old TON ticker.

A reminder that nothing has changed technically for GRAM holders: balances do not require migration, and smart contracts remain the same.

✅ USDT or BUSD: which stablecoin to choose for payments

A stablecoin is a cryptocurrency pegged to the value of a real-world asset, usually the US dollar. USDT and BUSD both hold a 1 to 1 rate, but they work differently.

USDT is the largest stablecoin on the market, backed by Tether's reserves and available on Ethereum, Tron, Solana, Polygon, and other networks. It is supported by nearly every exchange and DeFi platform.

BUSD was issued by Paxos under New York regulatory oversight, designed specifically for the Binance ecosystem. Since 2023, new token issuance has been halted, and the coin now trades only on the secondary market.

The main difference comes down to scale. USDT works almost everywhere, while BUSD remains mostly tied to Ethereum and BNB Smart Chain with more limited liquidity.

Trybit supports USDT and other stablecoin payments with fees starting from 0.4%. Integration is available via API, HTML widget, or ready-made CMS modules.

➡️ Learn more about choosing a stablecoin

🟪 How to set up two-factor authentication in Trybit

2FA adds exta layer of protection to your account. Besides your password, login requires a unique code generated on your mobile device, significantly reducing the risk of unauthorised access even if your password is leaked.

Setting up 2FA doesnt take a long time: go to the «Settings» section in your personal account, then to the «Security» section, enter your password and click «Enable».

Then open Google Authenticator and scan the QR-code. The app will show six digit code, which refreshes automaticaly. Enter it to confirm the connection and two factor authentication will be activated.

If you lose access to your device, contact our support team and they will help you restore access.

ℹ️ Read more about 2FA setup

✅ Key advantages of accepting blockchain payments

Unlike banks, blockchain removes the need for an intermediary between transacting parties, making payments cheaper, especially across borders.

Confirmation takes minutes instead of days, at any time of day. There are no chargebacks, and transaction data is stored transparently and immutably in a distributed ledger.

The downsides include crypto volatility and increasing regulatory scrutiny, but interest in crypto acquiring keeps growing regardless.

Connecting blockchain payments through Trybit takes just a few minutes: sign up, create a project, and choose your integration method (API, HTML widget, or ready-made CMS modules).

➡️ Learn more about the benefits of blockchain payments

🟪 How to start accepting crypto payments with Trybit

Getting set up takes just a few simple steps.

➡️ Register in your dashboard to access project and payment management tools.

➡️ Add a project, this could be your website, online store, online school, or any other platform.

➡️ Choose your integration method: API, Host2Host, HTML-widget or ready-made CMS module. Once set up, create a test invoice and check that payment flow works correctly.

➡️ Submit a request to exit test mode. Review takes up to 24 hours, you can track the status in your personal account.

After approval you are ready to accept cryptocurrency payments. Use branded icons and payment buttons from the Trybit brand book to build customer trust and let people know about your new payment option.

ℹ️ Full instractions in the documentation

⚡️ Bybit restricts access to its global platform for EU residents

On June 29th Bybit announced a phased resriction of services on its global platform for residents of the European Economic Area.

The move comes as the MiCA rulebook finally takes full effect, after which unlicensed platforms must stop serving EU clients. Restrictions apply to most EEA countries.

The regulated alternative is Bybit EU, licensed in Austria under MiCAR. It requires a separate account.

According to ESMA, only 210 of more than 1200 companies had received MiCA authorization by late May. Binance has already withdrawn its license aplication in Greece and will suspend services in several EU countries starting July 1st, with around $400M withdrawn from the exchange in the past week.

⚙️ Fresh platform update: Web3 payments with no transfer fee

The payment page has been redesigned with a cleaner interface and improved block structure, making it easier for customers to choose a payment method and complete the transaction without unnecessary steps.

The key update: WalletConnect payments are now available without a transfer fee for a range of tokens, including USDT TRC20, USDT ERC20, USDC ERC20, SHIB ERC20, and PYUSD ERC20.

Web3 wallet support has also been improved. The system now automatically detects which extension is installed on the customer's device and suggests the right payment option.

No transfer fee matters most for low-ticket payments: the fewer extra charges a customer sees at checkout, the higher the chance they complete the payment.

ℹ️ Details on the website

🟪 How to accept donations without a website?

Trybit let you accept donations without a website. Simply create a “On a donation page” project type.

When setting it fill all neccesery fields: project tittle, activity type (content creation, streaming, fundraising, and etc), brief project description, and the currencies you want to accept.

After creation, the project automatically sets to a test mode, giving you a chance to check how payments work before going live.

To exit test mode, go to your project settings, add links to your resources in the Donation page builder section, and submit a request.

➡️ Learn more about project settings

🟪 WalletConnect payments: now without transfer fees

WalletConnect is a protocol for securely connecting a crypto wallet to decentralised applications. Users scan a QR code or follow a link to connect, without sharing private keys or personal data.

The system automatically detects which wallet extension is installed on the customer's device and suggests the right payment option, supporting TronLink, Trust Wallet, MetaMask, and Phantom.

WalletConnect payments on the Trybit platform now come without a transfer fee for a range of tokens: USDT TRC20, USDT ERC20, USDC ERC20, SHIB ERC20, and PYUSD ERC20.

A smoother checkout experience helps reduce friction during payment, especially for smaller transactions.

ℹ️ Learn more about WalletConnect

💳 Payment page builder in Trybit

Payment page builder is a useful tool for your own visual branding page set up.

Four themes are available: light, dark, coloured, and custom with the option to set your own colours.

You can also configure the currency display order, set a default currency, and choose the page language.

All changes are shown in a live preview, and once saved, they are applied to the payment page instantly with no updates required.

➡️ Learn more about payment page settings

💰 TRON tests quantum-resistant crypto wallet protection

The TRON blockchain has deployed quantum-resistant signatures in the Nile testnet. The announcment was made by project founder Justin Sun.

The solution is based on the algorithm standardised by the US National Institute of Standards and Technology (NIST), applied to both transaction and block signatures.

Now the technology is working in the Nile testnet only, where developers will verify its stability and compatibility before any potential deployment to the mainnet.

Current blockchain security relies on encryption that cannot be broken with existing technology. Quantum computers, however, are expected to change that in the foreseeable future.

TRON is not the first to move in this direction. On July 1, NEAR Protocol also announced quantum-resistant signatures in its testnet.

💰 Why businesses choose Bitcoin for payments

➡️ Low fees. Blockchain fees are typically lower than bank charges and do not depend on the transfer amount. When accepting Bitcoin through Trybit, there is no transaction fee at all, which makes a real difference for international payments.

➡️ Global reach. Bitcoin requires no currency conversion and works independently of exchange rates, allowing you to accept payments from any country without payment system restrictions.

➡️ Chargeback protection. Transactions are irreversible, completely eliminating fraudulent refund risks and the losses that come with them.

➡️ Always on. Payments go through around the clock, with no weekends, no time zone delays, and no dependence on bank operating hours.

➡️ Data security. The blockchain stores no personal user data. Transactions are anonymous, which builds audience trust and loyalty.

Connect Bitcoin acquiring in Trybit and start accepting payments worldwide with support for over 40 currencies, auto-conversion, and responsive support

✅ Connect crypto processing

⚙️ How to set up fees in Trybit

Project settings allow choosing who pays the fees: the customer or the merchant. This applies to two types of charges.

Service fee. Up to 1.9% of the incoming payment amount, depending on project conditions.

Transfer fee. Charged for payments on Tron and Ethereum networks. It is required for Trybit to consolidate all incoming transactions to a single main merchant address. No transfer fee applies on other networks.

When set to Customer, the fee is added to the invoice amount. When set to Merchant, the fee is deducted from the amount credited to the balance.

ℹ️ Learn more about Trybit fees