New Payment Methods

From today, we are opening up 2 new ways to get paid with CBN. Not only can you get paid via a direct Wallet payment, but you can also get paid directly to your XAPO and COINBASE accounts. Read more below:

Why are we doing this?

If you have been paid by us in the last few weeks, you'll notice the transactions taking longer and longer to confirm. We have explained why in previous posts, but the reason for this is happening is simple - Bitcoin cannot handle lots of transactions in a short time period. At the moment, there are a lot of SPAM transactions on the blockchain (check this link out, showing the amount of unconfirmed transactions) which has completely clogged up the whole system.

Here at CBN, we pay around 7,500 users every week, spread over 20-30 transactions at a time. If for any reason one of the transactions we process gets held up by the Bitcoin Network, every single transaction created after gets held up as well. This is something that is completely out of our control - but we want our users to get their payments quicker - so we've opened up two new payment methods:

Coinbase

Coinbase are one of the largest Bitcoin wallets around - they also have Etherum and LiteCoin wallets available - and they are the wallet of choice here at CBN.

Because they can process Transactions off the blockchain - we can instantly pay you on Friday's if you choose this method.

Payment Day: Friday
Minumum Claim: 20,000 Satoshi
Fee: No Fee

XAPO

XAPO are another massive Bitcoin Wallet provider. We have been testing their systems out for a month now, and can confirm we are happy to start re-using the systems.

Because they can process Transactions off the blockchain - we can instantly pay you on Friday's if you choose this method.

Payment Day: Friday
Minumum Claim: 20,000 Satoshi
Fee: No Fee

Direct Wallet Payment

A direct wallet payment means we'll pay ANY Bitcoin Wallet you enter. We have increased the minimum claim from 20,000 to 50,000 because the cost of the transactions are so high now we cannot afford to send such small amounts to users.

Because they can process Transactions ON the blockchain - your transaction might take up to 1 week to fully confirm.

Payment Day: Friday
Minumum Claim: 50,000 Satoshi
Fee: No Fee


Do you use a different wallet to this, that we might be able to integrate with - like we have done with XAPO and Coinbase? If so, fill in the form below:


If you have any questions, please let us know below, or via the in-app support systems. We'll be happy to help.