How to use Bitcoin with SolidTrust Pay

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For those who don’t know what bitcoin is, this excellent and highly simplified analogy from coindesk should answer every question you have about it — except how to actually get your hands on some! No worries, we’re going to tell you how you can easily buy bitcoin, exchange bitcoin to USD, withdraw bitcoin to your bank, or accept it as a merchant with seamless exchanges directly into your SolidTrust Pay account!

Buying Bitcoin with SolidTrust Pay

Once you’ve set up an account and a bitcoin wallet, buying bitcoin with SolidTrust Pay is fast, easy, and highly secure. We’ve been around for over 10 years, and our dedicated support staff is always ready to lend a helping hand with any transaction or account issues, as well as to clarify anything you don’t quite understand. In order to buy bitcoin with a SolidTrust Pay account, simply follow these steps:

  1. Create an account at SolidTrustPay.com.
  2. Verify your account to the Standard Verified level.
  3. Set up two-factor authentication using your mobile device or desktop/laptop.
  4. Create a bitcoin wallet of your choice and connect it to your STP account.
  5. Deposit the amount you want to spend on bitcoin into your account via Bank, Credit Card, or transfer from another user.
  6. Go to the My Money –> Withdraw Funds section of your account and choose the Bitcoin option.
  7. Withdraw your desired amount and wait up to 24 hours for it to appear in your bitcoin wallet.

Steps 1 – 4 will only need to be completed once, of course, and then you will be able to easily buy bitcoin with steps 5 – 7. Once your account is Standard Verified and connected to a wallet, you may withdraw up to $2500 per 24 hours from your STP account to your BTC wallet (the Bank Verified limit is $5000 per 24 hours).

Selling Bitcoin with SolidTrust Pay

Selling bitcoin is even easier with SolidTrust Pay than buying it! You only need to have your account Card Verified in order to deposit up to $250 (automatically converted to USD) from your bitcoin wallet to your SolidTrust Pay account per 24 hours. This will allow you to spend or transfer your funds online as you see fit, or make a withdrawal to your credit card in USD. The deposit limit for a Standard Verified Account is $500 per 24 hours, and Bank Verified accounts are limited to $1000 per 24 hours.

Getting Bitcoin from your Wallet to your Bank

One of the biggest challenges people often have is how to withdraw bitcoin from your wallet to your bank. Using the same steps above to connect your wallet to your SolidTrust Pay account, you simply need to go a step further and connect your Bank account to your SolidTrust Pay account. From here, all you need to do is go to the My Money –> Deposit Funds area of your account and choose the Bitcoin option (bitcoin will be automatically converted into USD). Your funds may take up to 24 hours to appear in your account, at which time you will have the option to withdraw them directly into your bank.

Accepting Bitcoin as an Online Merchant

As an online merchant, likely chest-deep in all the responsibilities that come with running a business online, it can be hard to predict and adapt to trends in the market that aren’t currently affecting your business. Luckily, adding the bitcoin option to your SolidTrust Pay button will give your customers the option to pay with bitcoin, which is then automatically converted into USD and placed in your merchant account — no bitcoin wallet required!


Verified Exchangers, Merchants and Bitcoin with SolidTrust Pay

When you’re spending, transferring or exchanging your money with a company online, what you really need is trust. At SolidTrust Pay, we’re dedicated to not only building that trust with our members and daily users, but to extending it to our verified exchangers, as well as the merchants who use our services. Whether you’re buying or selling online, exchanging currencies and Bitcoin, or simply trying to send money to a friend or family member — the safety and security of each online transaction is essential.

SolidTrust Pay inspects and verifies the legitimacy of each exchanger, merchant, and member we choose to work with. We don’t see this as simply following the rules set for online payment processors, but also as an opportunity to get to know our users and to build a strong and reliable network for them. Our network of trust allows us to operate more smoothly and efficiently, as well as minimize fraud and credit card chargebacks.

With that in mind, we’ve put together a list of our verified exchangers, which is kept up-to-date for your convenience and security. Likewise, any merchant who offers SolidTrust Pay as a payment option has been verified by us, and is regularly checked for legitimacy. Even our ordinary members are required to pass certain levels of identification verification before being allowed to make most transaction types. This all contributes to the level of assurance and reliability you can expect from us.

Some other benefits of becoming a member of our network include:

  • The easy facilitation of Bitcoin transfers and exchanges, allowing you to get your Bitcoin from your wallet, to your SolidTrust Pay account, to your bank account!
  • The ability for merchants to receive direct bank deposits, even from users who are not signed up for a SolidTrust Pay account!
  • And now even faster and more cost-efficient wire withdrawal options are available through Transpay, assuring you get your money where you need it, when you need it!
  • An innovative way for users to instantly verify their credit card and begin making transactions via our micro-verification process — without losing peace of mind.

If you’re interested in joining the network and becoming one of our verified exchangers or merchants, or simply using our services for your online shopping and ecommerce needs, don’t hesitate to reach out to us to learn more about what we can do for you!

For general support, you may contact us via our online ticket/live chat system, which is located at support.solidtrustpay.com.

Merchants can contact us for support via email through [email protected]