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How To Accept Bitcoin on Shopify

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In this video I show you how to accept Bitcoin and other cryptocurrencies in your Shopify stores.

🎧 Music: “Raw” by Johnny Rock
🎙 Voiceover/Quote by Brock Pierce

Whether you love it or hate it, Cryptocurrency at it’s foundation, blockchain technology is the future of the internet as we know it. Or as Brock Pierce (founder of EOS and Blockchain Capital) calls it, “it’s the new internet. -It’s the upgrade.”

And just like the earliest Bitcoin investors who made hundreds of millions in a matter of years, it’s the early adopters who come out ahead… So let’s set up your eCommerce business for success. This is how you can accept Bitcoin and other cryptocurrencies in your Shopify store. I’ll show you how to accept payments with Bitcoin, Ethereum, Litecoin, and Bitcoin Cash through your checkout pages.

🛠 Step 1: Enable The Alternate Payment Gateway in Shopify

From your Shopify dashboard navigate to Settings then Payment Providers and you’ll be able to see all the current payment options you have available in your store during checkout.

Scroll down until you see the Alternative Payments section.

From here you’ll see a large list of 3rd party payment gateways and processors to choose from. In this video, we focus on using Coinbase Commerce and BitPay. Coinbase lets you accept Bitcoin, Ethereum, Litecoin and Bitcoin Cash, while BitPay is solely used for Bitcoin payments.

Coinbase is by far the world’s biggest crypto-exchange and management platform. It’s also the most popular with people just starting out in the crypto space. This is the gateway I choose to use on the Shopify stores, but a lot of people have security/trust concerns with Coinbase.

It you fall into that category you can also choose to use BitPay which is also free to use and just as easy to setup.

Depending on what you choose, use the links below to signup and create your account on the gateway you’d like to use.

➡️ Sign Up For Coinbase Commerce: https://Commerce.Coinbase.com
➡️ Sign Up For BitPay: https://BitPay.com

🏦 Step 2: Setting up Your Payment Gateway/Merchant Accounts

Once you’ve selected who you’re going to use to accept payments you’ll need to set up and verify your account with them.

Each service is free to sign up to and only takes 5 minutes to fill out and verify all your details. Basic things like your name, email, business information and where to deposit funds to.

You can choose to have payments automatically converted into US dollars and deposited into a regular bank account or sent directly to a crypto wallet for safekeeping. (Some fees apply when transferring to a bank).

🔗 Step 3: Linking Your Account Your Shopify Store

Once everything is set up and ready to go you just need to link your new account to your Shopify store via copying and pasting the provided API keys in the Alternative Payment gateway section we found earlier.

For Coinbase Commerce you’ll find your default API key right on your main dashboard after logging in.

For BitPay, you need to navigate to Payment Tools, Integration Resources then Legacy API Keys. Click the “Add New API Key” button at the top to create a new key.

Before you copy it click edit and rename it to something you’ll recognize to keep your account organized as you add more websites. So if you only intend on using it on this one website title it something like “Shopify” or enter the names of each store.

Once you have your API keys created and ready to go, navigate back to Shopify and paste them into the new gateway and click save. That’s it!

I hope you guys enjoyed this video. Make sure to click subscribe to get my latest uploads and use the links below to follow me on Instagram, Twitter, and Facebook.

Check out some of my other videos and guides:

🧠 How Social Media & Gurus Destroy Entrepreneurs: https://www.youtube.com/watch?v=QB1SOAs9R24

💰 How I Make $1,783/Week on Shopify With FREE Instagram Traffic https://www.youtube.com/watch?v=z-5ShVYdsd8

💵 Easiest $300/Day Business For 2019 | Lead Generation [FIRST CLIENT IN 48 HOURS]: https://www.youtube.com/watch?v=VNYRWRXuQo0

💸 How To Make $1000 On Shopify With NO TRAFFIC: https://www.youtube.com/watch?v=TrsT5msoWnU

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44 Comments

  1. Matthew Sabia

    October 14, 2020 at 8:23 am

    💡 What are your thoughts on Blockchain and cryptocurrency? And what do you think the main benefit of accepting crypto on Shopify is? Let me know here in the comment section!

    Reply

  2. Shaman Jyssa

    October 14, 2020 at 8:23 am

    Good.Thing.

    Reply

  3. Mr Conweezy

    October 14, 2020 at 8:23 am

    does this work with all drop shipping vendors ?

    Reply

  4. Robert Schmitt

    October 14, 2020 at 8:23 am

    Took Paypal off my websites also just because they want to hold onto it for days. Its my money and I don't need Paypal protecting my customers.

    Reply

  5. Guilherme Brum Dutra

    October 14, 2020 at 8:23 am

    Thanks for this video man!

    Reply

  6. Jonathan Glatz

    October 14, 2020 at 8:23 am

    Hey, on BitPay it says''API v1 is deprecated. Please upgrade to API v2'' do you know how to upgrade it?

    Reply

  7. Eskimoz

    October 14, 2020 at 8:23 am

    Remarquable. À quand la suite ?

    Reply

  8. KIMMs TV

    October 14, 2020 at 8:23 am

    wow Awesome video thank you for this video!

    Reply

  9. Andrea Parlagreco

    October 14, 2020 at 8:23 am

    Does coinbase commerce work for you? I have tried it on my website and it doesnt work at all. Maybe there's some other step that needs to be done.

    Reply

  10. MA ZIN

    October 14, 2020 at 8:23 am

    Thank you

    Reply

  11. Momma Knows Bestest🧧

    October 14, 2020 at 8:23 am

    Going to do it right now. Thanks. Will let you know if I have problems.

    Reply

  12. bbbespo

    October 14, 2020 at 8:23 am

    Hey Matt, thank you for this video. Can I use one Bitpay or Coinbase account to accept payment for multiple shopify stores or I will have to create a seperate accounts for each shopify stores as they are asking for business verification.

    Reply

  13. agnecinnamon

    October 14, 2020 at 8:23 am

    (I am asking this as obviously i want to find a way how to hold earned crypto)

    Reply

  14. agnecinnamon

    October 14, 2020 at 8:23 am

    P.s. im trying to understand the process. through bitpay payments in crypto travel straight to my personal crypto wallet, but where does it go if im on coinbasecommerce? To an online platform and then i should be able to move crypto into my personal wallet? Or do i have to withdraw in fiat through exchange or bank?

    Reply

  15. agnecinnamon

    October 14, 2020 at 8:23 am

    Hi! brilliant video, short and clear. I want to find out if i can use bitpay or coinbase if my bussiness is not registerd yet? as im just starting from scratch, not even sure if its gone work, will give it a try thouhg

    Reply

  16. 8020FIT

    October 14, 2020 at 8:23 am

    Matt my man. I just installed the coinbase to shopify but My question is. the payment will stay as a bitcoin or they will exchange to USD??

    Reply

  17. Justin Peyton

    October 14, 2020 at 8:23 am

    So with coinbase you actually receive the crypto right ?

    Reply

  18. Will

    October 14, 2020 at 8:23 am

    Still working fine?

    Reply

  19. Richard Monteiro

    October 14, 2020 at 8:23 am

    how to you file your taxes using crypto payments? is there a monthly fee for a coinbase or bitpay business account? does shopify create an invoice for the payments?

    Reply

  20. Kash Eghtedari

    October 14, 2020 at 8:23 am

    Great video. Thank you.

    Reply

  21. thisismrshollywood

    October 14, 2020 at 8:23 am

    The last 3 months, I have made over $60,000 from trading bitcoin but my success never started that way as I had made substantial losses before my turning point in the Crypto space. I bought 2Btc last year which quickly rose in the bull run but eventually lost Most of it and sold off what was left. That was the last I would ever have to do with bitcoins until I was introduced to Darren Allan first of, he asked to know my trade experience. He then gave me a quick insight on what to Look out for when choosing a platform and a bunch of other things most experienced traders may never tell you. Most importantly, he introduced me to his specially designed layout and provided me with professional advice and accurate trade signals. With his system,Trading has become easy and profitable and I just want to spread the word and thus help as many that are in my previous unfortunate situation. For all questions, you can reach out for his help on ( Darrenallen82@gmail .com )

    Reply

  22. kestutis ky

    October 14, 2020 at 8:23 am

    Osam video . What do you think how it going to be in 2019 with Bitcoin ?

    Reply

  23. radicalaccounting

    October 14, 2020 at 8:23 am

    Been going through these for an hour. My new year's resolution. Yours is the best. Do one more of these, not through shopify. I would be sending clients an email link. Can you suggest the best way to do that please?

    Reply

  24. marius popa

    October 14, 2020 at 8:23 am

    Hi
    Can i do that with the Basic Shopify account?

    Reply

  25. Tsetsi

    October 14, 2020 at 8:23 am

    oh this was extremely helpful. I have been with shopify for 3 years and never thought to accept bit coins but now that you showed me, I will!!!

    Reply

  26. klmklmklm

    October 14, 2020 at 8:23 am

    Hey, awesome video btw! Must feel good to have a 455:1 like ratio haha. If you read this and have time I would like to know if the problems you had with Paypal were due to long shipping times or extremely overpriced dropshipped products? (No offense if that's what you were doing I just want to find out if Paypal would still be viable if the products I'm selling are very cheap with low margins and fast shipping do you think a store like that would have many problems with Paypal?) Thanks!!

    Reply

  27. i3 13

    October 14, 2020 at 8:23 am

    You didn't test buy. We didn't know if it worked.

    Reply

  28. Francis Wong

    October 14, 2020 at 8:23 am

    Another great video from Matthew

    Reply

  29. formulaone07

    October 14, 2020 at 8:23 am

    Paying with Bitcoin is not mainstream, so why bother?

    Reply

  30. Matt Salinas

    October 14, 2020 at 8:23 am

    Hey Matt, I sell stuff like kratom, pine pollen and other "high Risk" products. Paypal and stripe have both shut me down within a week on my shopify store. If I accept bitcoin will I still get shut down? Any chance that shopify will shut me down? Just wondering.

    Matt

    Reply

  31. Abdelgadir Mohamed

    October 14, 2020 at 8:23 am

    Hi
    I want to know how you ship with oberlo ..

    How oberlo work ?
    Plz, give us complete guide to using oberlo

    Thanx

    Reply

  32. Bashar restaurant

    October 14, 2020 at 8:23 am

    What is this Aliexpress need verification for my payments? have 2 orders i need to buy and dropship. Why dont they just take bitcoin

    Reply

  33. Bashar restaurant

    October 14, 2020 at 8:23 am

    Two weeks ago i watched your first video, till today I made $222.33 ofc I'm down $40 but i learned alot :D. Thank you

    Reply

  34. Henry Destin

    October 14, 2020 at 8:23 am

    Wonderful info! Don’t you just lose a lot of sales by disabling the PayPal payment method? Or there’s a way of receiving the PayPal money but not through paypal? I am just asking if anyone knows that can let me know

    Reply

  35. mild728

    October 14, 2020 at 8:23 am

    Thanks for the videos Matthew! Very helpful and straight to the point. Looking forward to seeing more! 🙂

    Reply

  36. ssahagun1

    October 14, 2020 at 8:23 am

    From the perspective of the user, I'm not seeing a corresponding "Pay in Crypto" option.

    Reply

  37. Frederico Felicíssimo

    October 14, 2020 at 8:23 am

    you put the wrong email btw, you put mathewsabia1 instead of mathewsabia2 …

    Reply

  38. hassan ZERh

    October 14, 2020 at 8:23 am

    unfortunately . we have not coinbase in our contry . its stopped. i have myetherwallet or . bitcoinwallet

    Reply

  39. Nagiyeva Elvira

    October 14, 2020 at 8:23 am

    Hi, everyone! Is someone here who can advice my a good cryptopayment solution for Shopify web page? I want to implement cryptopayment service in my onlinestore. I will really appreciate your help)

    Reply

  40. Rabii Kessis

    October 14, 2020 at 8:23 am

    That was Mike Novagratz speaking in your intro, isn't he?

    Reply

  41. N T

    October 14, 2020 at 8:23 am

    Just found your page and love the good rich info.

    Reply

  42. Niloy Deb

    October 14, 2020 at 8:23 am

    Hey man, you are just osam.

    Reply

  43. Paul

    October 14, 2020 at 8:23 am

    Thanks for the nice walkthrough Matt, I just setup #Coinbase payments on our online apparel store using this guide – check us out here at http://www.firelake.co.uk and use code TWENTY for 20% off 🙂

    Reply

  44. Overstand Reality

    October 14, 2020 at 8:23 am

    blockchain is the future along with cryptocurrency its slowly becoming a real currency

    Reply

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