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CoinSimple Lets Your Online Store Accept Bitcoin Payments Straight to your Trezor, Electrum or Armory Wallet

CoinSimple is a new service that allows your online store to accept payment in bitcoin sent direct to your Trezor, Electrum or Armory wallet with no fees.

There are third party solutions like Coinify that provide plugins for online stores. Because those services convert bitcoin to fiat and send to your bank account you must meet their AML and KYC requirements.

Up to now the only direct to wallet payment solution for someone with a WooCommerce store was the Bitcoin Payments for WP WooCommerce plugin. The plugin only worked with the Electrum wallet and was notoriously buggy.

CoinSimple looks to be the best solution to anyone who wants to open an online store and accept bitcoin direct to their bitcoin wallet.

To sign up with CoinSimple a merchant only needs to provide an email, password and the name of a business. You will also have to share the master public key of your Electrum, Armory or Trezor wallet.

You then just need a WooCommerce based WordPress store and install the CoinSimple plugin. CoinSimple provides easy to follow instructions at their website on how to integrate the plugin with your Electrum, Armory or Trezor wallet.

At present CoinSimple is in beta testing and offers its services for free. After beta stage is over CoinSimple will operate by monthly subscription. They will charge merchants between $30 and $300 a month based on volume and features. They also promise there will always be a free version of the plugin.

If you are considering opening an online store accepting bitcoin and wish to remain anonymous CoinSimple is your answer. You will just need to design your store using WordPress and the free WooCommerce store, then install the CoinSimple plugin and configure so payments go direct to your bitcoin wallet.