As of yet, none of the cryptocurrency payment methods offer the option to automatically convert crypto coins to fiat. However, there are some that allow converting popular and highly volatile cryptocurrencies — like Bitcoin (BTC), Ethereum (ETH), etc — into stablecoins: USD Coin (USDC), Tether (USDT), Dai (DAI), and others. Stablecoins are cryptocurrencies the value of which is tied to outside assets (such as the U.S. dollar or gold) to stabilize the price. Since cryptocurrencies with short-term volatility are unsuitable for everyday use, people need stablecoins to achieve more stability when converting their cryptocurrency to fiat — government-issued currencies (USD, EUR, etc).

Thus, when using cryptocurrency payment methods, SMM panel owners are able to accept crypto coins and keep them for as long as they want inside their cryptocurrency wallets or convert volatile cryptocurrencies to stablecoins, and those to fiat after that.

Of course, there are also fees that have to be paid for crypto transactions. Those depend on the payment method used but there’s one fee that goes with any cryptocurrency transaction, and that is a network (mining fee) that goes directly to cryptocurrency miners to secure the network and include a transaction in a block.

Despite the fees, the transactional cost of cryptocurrency payments is lower compared to similar credit card charges. Using cryptocurrency payments also helps avoid foreign exchange rates and transaction fees that are charged by many credit cards. Another great thing about paying with crypto is that such methods don’t have the chargeback option, which means that returning funds to customers is at your own discretion.

The most commonly supported cryptocurrency is Bitcoin, though a lot of payment methods allow paying with other cryptocurrencies, such as Bitcoin Cash, Ethereum, Litecoin, and more. Some crypto payment gateways (like CoinPayments) support a huge variety of cryptocurrencies.

There are quite a few crypto payment methods integrated into our platform but the most commonly used on SMM panels are the following 3: Coinbase Commerce, CoinPayments, and Mycelium Gear.

Read further to learn more about each of those methods and the differences between them.

Coinbase Commerce

Coinbase Commerce was launched in 2018 by a leading US cryptocurrency broker and exchange Coinbase. Nowadays, it is one of the most popular cryptocurrency payment methods used to receive payments on SMM panels. This payment method allows users to accept such cryptocurrencies as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, USD Coin, and Dai.

Due to on-chain payments, any fraudulent transactions aren’t really possible. Since Coinbase is such a huge name in the crypto exchange world, this fact also proves that Coinbase Commerce is a trustworthy service.

Though, it’s important to keep in mind that Coinbase Commerce accounts differ a lot from regular Coinbase accounts that are used for trading and investing in cryptocurrencies as it is not the same service. It means that your Coinbase balance won’t be seen in the Coinbase Commerce account and vice versa, though both of those services are owned and operated by the same parent company.

Coinbase Commerce is just a payment method — it doesn’t hold any private information regarding its users’ crypto coins or their private keys. At the same time, it also doesn’t give any options to access customer data.

Pricing

A lot of people prefer using Coinbase Commerce because there are no fees to accept payments. However, there are several fees you have to pay if you want to withdraw your cryptocurrency to your wallet and convert it to fiat, including the network (mining) fee that was mentioned above.

Again, network fees don’t go to Coinbase Commerce — a fee like that is present in every single cryptocurrency transaction. There are several factors when it comes to determining a network fee, that’s why it’s really difficult to predict before a withdrawal attempt. The faster you want your transaction to be processed, the higher that fee is. In addition, these fees also depend on the size of the transaction and the number of transactions you need to process. As you see, there are a lot of aspects that you can’t really control with crypto transactions.

To convert your cryptocurrencies to fiat, you need an account at a cryptocurrency exchange (like Coinbase.com). The conversion can be arranged with an additional fee.

Coinbase Commerce currently is a cryptocurrency-only service, which means that you can’t link your bank account to it. What you’re able to do is convert your cryptocurrency to USD Coin or withdraw it to your Coinbase account, and from there you can withdraw to your linked bank account.

To learn more about current Coinbase Commerce fees, check out their FAQ.

Pros and cons

Pros

– No fees for accepting payments

– Quick setup

– Easy to use, beginner-friendly (the easiest out of all 3 methods mentioned in this post)

– Lets accept price-stable cryptocurrency (stablecoins) — USD Coin & Dai

– Fast conversion to stablecoins

– Payments are processed on-chain, which eliminates the possibility of any fraudulent transactions

Cons

– No auto conversion option

– Several fees when converting cryptocurrency to fiat

– You aren’t in full control of your funds

– If you lose your seed phrase, you won’t be able to access your account (and if someone finds out what your seed phrase is, they can steal all your crypto)

– Limited range of cryptocurrencies

– Accounts susceptible to suspension and closure by Coinbase

– No app (web only)

– No built-in wallet (Coinbase Wallet is a separate service)

CoinPayments

CoinPayments has been providing cryptocurrency transaction solutions since 2013. Supporting a huge variety of coins, they strive to increase the adoption of cryptocurrencies worldwide by offering innovative payment options to everyone, including the unbanked and underbanked.

One of CoinPayments’ best features are vaults that allow to store cryptocurrencies in a highly secure online database and set the time for which they won’t be accessible at all — it’s impossible to break into the database. There are a lot of features in general, and that’s part of the reason why so many people choose this service.

Pricing

The company offers a flat fee of 0.5%. It means that when you buy, sell or trade cryptocurrencies, 0.5% of the sum is taken as a tax by CoinPayments. Though it seems like having a flat 0.5% fee for all transactions is a great deal, in reality, there are a lot more fees to deal with, to the point that we can say that CoinPayments is the least cost-effective crypto payment method among those that are mentioned in this post.

Urgent/nightly transactions: 0.5% + coin TX fee. Don’t forget about mandatory network fees as well.

For cryptocurrency conversions, there’s coin TX fee + conversion partner’s fees (if any). To perform conversions, you need to set your payout addresses to go directly to some exchange. since CoinPayments doesn’t perform those on its own.

If you want to convert your crypto to fiat, there are also many exchanges that you can use to trade coins for other coins or currencies.

When it comes to withdrawals to an exchange/wallet, you also have to pay a coin TX fee. Check out all current coin TX/withdrawal fees on CoinPayments’ website. 

Pros and cons

Pros

– Supports a huge variety of cryptocurrencies

– Secure (the company improved it after the 2017 Ripple theft incident, continues to maintain it)

– Has vaults and other unique features

– Offers a built-in wallet feature

– Not the most difficult crypto payment method out there, setup takes longer than it does for Coinbase Commerce — but it’s not that hard to follow

– Web version + mobile app (iOS, Android)

– Auto conversion for some of the supported coins

Cons

– Fees for accepting payments, urgent/nightly ones are higher

– A lot of fees in general

– The least cost-effective option out of all 3 methods mentioned in this post

– You’re not in full control of your funds

– The 2017 Ripple theft incident: hackers broke into the CoinPayments Ripple storing security databases, a huge amount of coins was stolen. CoinPayments gave all the stolen Ripple coins back to their owners and promised to work hard on their security measures.

Mycelium Gear

In 2015, Mycelium released their Bitcoin payment processor that was called Mycelium Gear. When using this payment method, you don’t need to enter your personal information into any intermediary or KYC/AML for transactions to be conducted since Mycelium Gear doesn’t actually handle any money.

With Mycelium Gear, the transaction process becomes less complex: the money goes from the customer right into the merchant’s wallet, which means there’s no need to wait for the merchant processor to transfer it into the merchant’s bank. It also doesn’t require any payment processor policies — there’s no way to enforce them.

Mycelium Gear uses BIP32 public keys that are currently supported by Mycelium, Electrum, and Trezor wallets. It allows Gear to generate a new Bitcoin address for each new order, but only the merchant who provided the public key actually has access to the money, since that merchant also holds the private key.

Gear is called a payment processor because it provides a similar service: notifies merchants that a payment has been made. Again, Mycelium Gear doesn’t hold any money itself, it simply watches the blockchain as well as generates addresses from the BIP32 public key — and both can be done by anyone.

Please note that Mycelium Gear is just a payment processor — it doesn’t have the wallet feature. To use it, you need to already have a Bitcoin wallet that supports BIP32 (the most popular ones that do support it — Mycelium, Electrum, Trezor).

Pricing

Free with monthly selling volume up to 0.1 BTC — for small startups and those who want to explore Mycelium Gear features.

0.5% for every transaction after monthly sales exceed 0.1 BTC — for well-established business owners who do not want any limitations.

Of course, network fees are mandatory as well.

All current information on their pricing plans is available on their official website.

Pros and cons

Pros

– The most cost-effective option out of all 3 mentioned in this post

– Can’t lock your money for whatever reason, you’re always in control of your funds

– Doesn’t hold the Bitcoins, the product is open source (no vendor lock-in)

– Not a lot of privacy-intrusive questions asked

Cons

– Can be confusing for beginners

– No built-in wallet (separate service — Mycelium Wallet)

– Requires to have a Bitcoin wallet that supports BIP32

– Supports only 1 cryptocurrency — Bitcoin

– No auto conversion option

– Exists as a web version only

– Customer support could be better (long waiting time)

Read further to learn more.

Does ‘the main SMM provider’ even exist?

We’re sorry to disappoint you but there’s no one who could be called ‘the main SMM provider’. Sure, there are big panels that provide a lot of SMM services, there are even huge panels that accept a simply mind-blowing number of orders monthly. But it’s impossible to find one main provider that offers only the best services.

This is why panel admins should move on and stop wasting their time looking for someone or something that doesn’t exist. Having one trustworthy provider of services that are always high-quality and inexpensive at the same time would be, of course, ideal for resellers. But, unfortunately, it’s just not realistic, and the earlier you accept that fact, the better for your business.

How else can panel admins offer great SMM services?

It’s definitely better to focus on building your provider base instead of trying to chase your dreams of finding the original SMM provider that can give you the best services on the market. Do your research and you’ll see that decent providers can be found — you just need to filter them out according to your and your customers’ needs.

The quality of SMM services varies from provider to provider and it’s important for resellers to always test the services before offering them to panel customers. This is how you can create your own unique selection of services that work well and that your panel users can be satisfied with.

Make sure that your chosen providers’ customer support is good too because you’ll have to interact with them a lot when problems occur. And, of course, your panel support has to be just as good to ensure your customers are happy. The more happy customers you have, the more new users will sign up, and the more monthly orders you will get as a result.

This is one of the very important aspects when it comes to being a successful SMM panel owner. You have to be strategic about what to do for your business and avoid wasting your time on things that sound too good to be true. Because in 99.9% of the cases it’s just how it is — too good to be true. But with a good strategy for your SMM panel, it’s definitely possible to grow a successful online business.

It can be difficult to figure out what is the best SMM panel type to choose and where to get it, especially for complete beginners. It’s one of the reasons why people might end up with panels that they aren’t 100% satisfied with or panels they would like to improve but don’t know how.

But there is a way to do that — our team is ready to help. If you already have an SMM panel elsewhere and would like to move it to our platform, let us explain how you can do just that.

How we transfer existing SMM panels to our platform

In case you already have an SMM panel but would like to upgrade it without losing your customer base, we can transfer your panel to our platform.

It’s done in a few steps and on a few conditions.

1. What data can be imported?

First of all, it’s important to keep in mind that you can’t transfer just any data, there are some rules you need to follow.

Overall, we can import 3 panel data types: Users, Orders, and Services. If you only have user data to import, it can still be done. However, if you want to import only order data, it won’t work because there’s a connection between user, order, and services data.

2. Acceptable database formats

The only panel database format that we accept for importing is SQL. If you save your panel database (or some part of it) in CSV or XLSX (Microsoft Excel) format, we won’t be able to import it because such formats don’t contain user login and password information. 

3. Other important nuances

Does the import option work with all panel types?

The panel database import option — both partially and in full — only works with regular panels. Child panels are a great solutions for those resellers who are only starting out, meanwhile regular panels give access to all our features. If you want to learn more about the differences between regular and child panels, check out this post. 

When someone sends us a panel database, we check it carefully first and make sure it fits the criteria mentioned above. If everything is okay, we inform a client that its import is possible and they can order a regular panel with a suitable plan. Check out our pricing plans here.

Can the import process be arranged at any time?

One of our general rules is that we import panel databases from 6:00AM to 12:00PM UTC (except for Saturdays and Sundays), so you should plan your import requests accordingly.

What to do if you already have a panel on our platform

If you already have an SMM panel on our platform but would like to import data from some other panel that you have, we won’t be able to merge everything you have on both of your panels into one database. When importing data from elsewhere, we’ll have to delete everything you have on your panel on our platform.

You have to choose: either you want to leave how your panel on our platform is now or remove all that data and replace it with what you have on your other panel.

What to do if the panel you want to import data from shows high activity

If people keep using your existing panel and it has hundreds or even thousands orders per day, we can still import its database but the process will be a little bit different.

In case you want to use the domain name of your existing panel, we can arrange that too. First, we’ll check if the import option is possible. Then, you’ll have to order a panel on our platform with the same domain name but change the nameservers only after database import is completed.

How long does it take to change nameservers?

When you change the nameservers for a domain, it usually takes just a couple of hours for the change to take effect, sometimes even less. In certain cases, which happens quite rarely, it can take up to 24 hours to fully complete the process.

What to do if you had a panel on our platform before but it was terminated

If you already had a panel on our platform but left for whatever reason and would like to try again, just let us know. You won’t have to order a brand new panel — we can restore your old panel with all its data for the same price.

You can either keep your old panel domain name or buy a new one, and we’ll change it for you.

Reasons why the compromised passwords warning can appear

Can passwords get compromised because of SMM panels people visit?

It seems that a lot of SMM panel owners are concerned that the warning about compromised passwords that appears in Google Chrome or other browsers is caused by SMM panels themselves. Some resellers and their customers are even worried that SMM panels that they’ve been visiting recently aren’t safe to use because of that.

Sure, a warning like that can appear if you create an account on unsafe websites that are unable to protect user data well enough. It doesn’t have to be an SMM panel — any unreliable website that you visit and have your data stored on can result in such problems.

When it comes to SMM panels in particular, it might be the case with those that are based on some scripts created by freelancers. In fact, SMM panels that are essentially some random scripts can be the cause behind the data breach problem because they aren’t secure enough.

But if you use a panel on our platform, you can rest assured that we’ll do everything we can to keep all the data that is tied to your account safe. The panel maintenance fee on our platform includes constant security checks, which is why there’s no real possibility for data breaches to happen.

Therefore, SMM panels on our platform simply can’t cause warnings about compromised passwords in either Chrome or other browsers.

If not an SMM panel, then what could be the reason behind this problem?

There are a few key reasons why you can get the compromised passwords warning:
1. As we mentioned above — exposed passwords on unsafe websites.
2. Reusing the same passwords on different websites.
3. Using passwords that are too weak.

We already established that if you have an SMM panel on our platform, it’s nearly impossible for a problem with compromised passwords to happen on our side. Our expert team carefully monitors everything to make sure that such problems never occur — or if they do, they’re solved immediately before they result in any real damage.

The truth is, most of the time it’s not some website’s (or, in our case, an SMM panel’s) fault that passwords get compromised. Unfortunately, very often it’s because people aren’t careful enough with their passwords. For that reason, it’s important to ensure that you do everything you can to protect your accounts.

Read further to learn more about what could be done, step by step.

The things you can do to avoid getting your passwords compromised

1. Avoid websites that look suspicious

Don’t know how to check if a website or an SMM panel is safe or not? In our post How to avoid getting your SMM panel hacked we talked about how it’s possible to check website security and some other important things that each SMM panel owner should know. Highly recommend reading that one! 

2. Don’t reuse your passwords.

Understandably, it’s difficult to memorize different passwords for each account you have online. That’s why a lot of people end up using the same password over and over again on various websites. However, if at least one of those websites turns out to be unsafe, a data breach could happen and result in your password getting compromised. This is why having unique passwords for all your accounts online is extremely important. And, of course, you should pay extra attention to your business accounts that store a lot of your private information and funds. This includes SMM panels, of course. Whether you’re an SMM panel owner or user, make sure to always create unique passwords that you haven’t used before anywhere else.

A good way to solve this problem is to have a document with all your account login and password information on your phone, laptop, flash drive, or some other storage service like Google Drive, Dropbox, etc. Make sure you have it stored safely though — you don’t want anyone to get access to that document.

3. Passwords shouldn’t be too weak. 

Using different passwords for different accounts is definitely the way to go. However, passwords also shouldn’t be too weak.

If your passwords contain common phrases, single words, easy and memorable keyboard patterns, or they could be easily guessed, it means that those are weak passwords.

Strong passwords are long, and they can’t be created with simple and obvious word combinations. They should contain a mix of upper-case and lower-case characters, numbers, and symbols. If you have a hard time coming up with such passwords on your own, you could always use unique auto-generated passwords that you should also store somewhere safe.

Actually, it’s not as easy as it seems. But first of all, let’s determine what a domain name is.

What exactly is a domain name?

A domain name is a website’s physical name. When people want to find your SMM panel online directly, it’s what they type in the search bar. Domain names were invented to be used instead of complex addresses that are way too difficult to remember.

A domain name can contain letters, numbers, and symbols. For example, when you want to visit Perfect Panel’s official website, you can either look up ‘Perfect Panel’ online or type in the domain name — ‘perfectpanel.com‘ — and access the website directly.

To get a domain for your SMM panel, you can buy it at various online marketplaces. Prices vary: there are domains that are very cheap, but also you can find the ones that are super expensive. The more potential a domain name has to help a certain website grow, the more expensive it’s going to be.

Now, let’s break down why choosing a good domain name for an SMM panel is important.

Why do SMM panel domain names matter?

1. First impression of your panel

Your SMM panel domain name is the first thing that people see when they decide to try your services. If your panel has a good and memorable domain name, it’s more likely that you will get a lot of customers faster.

2. Domain names affect SEO

Having keywords in your SMM panel name can help with its SEO ranking. For example, for SMM panels such keywords could be: ‘panel’, ‘SMM’, ‘social’, ‘likes’, ‘follows’, etc. 

3. Great branding opportunity

Choosing a good domain name for your panel can be a wonderful opportunity to build your brand. If you’re serious about developing your SMM services reselling business, then you need to make sure that your panel is recognized online.   

How to choose a good SMM panel domain name

1. Try to use the most common domain name extensions

When picking a domain name extension, make sure to use the most common ones like .com or .net.

Of course, the best option is to find a suitable domain name with the .com extension. Why? According to statistics, over 40% of all domains online have this extension. It is just the most familiar to Internet users and the easiest to remember. This is why it’s safe to assume that your SMM panel will have more chances to succeed if you choose the .com extension.

If you want our advice, we suggest you try to find a domain name with the .com extension. In case you can’t come up with a good one, go for an option with a .net extension — the 2nd most common one. For sure, there are successful SMM panels with other extensions, such as .pro, .org, .biz, etc, but those are much less common.

Resellers also choose country code top-level domain name extensions that are associated with certain countries. For example, .ru for Russia, .tr for Turkey, .in for India, .com.br for Brazil, and so on. This option could work well if your main target audience are people from the country that is associated with the domain name extension you chose.

2. Go for a creative domain name instead of a generic one

While you should definitely try to include SMM panel-related keywords in your domain name, it’s also important to avoid using the most generic options that are way too similar to existing domain names in this business area.

Since SMM services reselling is such a narrow business niche, domain names that consist of only one or two most obvious keywords are already taken. When you check such domains online, you can usually find big panels behind them because their owners have been around in the business for a while already. If you really want your SMM panel to stand out, try to come up with an option that isn’t too similar to other panels’ domain names. For example, there are panels with domain names that have only one letter or one symbol difference when you check places with such services online.

In case you already are familiar with top SMM services resellers, you know that some of them have creative domain names that became their brand. This is how they get recognized in this business and get more customers, it’s easier for people to find such panels since there aren’t too many similarities between their domain names and those that other panels have.

How to find a creative domain name for an SMM panel

1. Come up with your own words. Besides using one or two keywords that could indicate that this is indeed an SMM panel, you could also create your own word. After all, this is what the founders of Google, Yahoo, Bing, etc, did, and now these words are the names that are well-known worldwide.
2. Use uncommon words & synonyms. If you have a difficult time creating a unique word that could fit your SMM panel, there’s also the option to find synonyms of the commonly-used words you considered for your domain name.
3. Try domain name generators. There are actually cool tools online that you can use to create good domain names based on your existing ideas and chosen keywords.

3. Short domain names are definitely better than the long ones

It’s better to use shorter domain names instead of longer ones. According to the data gathered online, websites with domain names that have 6-14 characters receive more web traffic than those that exceed this limit. Again, domain names that are short and that consist of suitable keyword combinations are either taken or cost a lot of money — sometimes even thousands of dollars. That’s why going for creative domain names that can help you build your brand and make it recognizable is what you should definitely try.

4. Make sure your domain name is easy to type

It’s better to use shorter domain names instead of longer ones. According to the data gathered online, websites with domain names that have 6-14 characters receive more web traffic than those that exceed this limit. Again, domain names that are short and that consist of suitable keyword combinations are either taken or cost a lot of money — sometimes even thousands of dollars. That’s why going for creative domain names that can help you build your brand and make it recognizable is what you should definitely try.

5. Your domain name should also be easy to pronounce

In addition to being easy to spell, your panel domain name should also be easy to pronounce — at least for your target audience. This would help panel users spread the word about your panel to people they know and potentially attract more customers. You can test how easy it is to pronounce your SMM panel domain name the same way we recommended to test the simplicity of its spelling. Just ask 10 people from your target audience to pronounce it, and if they struggle, then you need to think of another option.

6. Skip hyphens and numbers to avoid any confusion

Using hyphens and numbers in your panel domain name would make it even more difficult for everyone to spell and pronounce it. Just imagine all those explanations that could still confuse people in the end. That’s why we recommend using letters only.

7. Use keywords that are related to SMM services reselling

As mentioned above, using 1-2 SMM panel-related keywords could help with your SEO ranking. It’s best to put such keywords at the beginning of your domain name for better performance. Also, keep in mind what we mentioned above about generic domain names — it’s best to try to be creative with yours and build your brand that way.

8. Plan ahead when choosing your panel domain name

When picking a domain name for your panel, it’s important to think long-term and be several steps ahead. Are you 100% happy with your choice? You should be because this domain name is going to be associated with your brand.

Sure, you can change your SMM panel domain name later, however, it won’t be as easy — it will cost you money, SEO rankings, and branding. Is it really worth it? One of the best things you can do for your reselling business is pick a good panel domain name and keep it.

9. Check if the chosen domain name is trademarked or taken

Before you decide on a certain SMM panel domain name, make sure to check that it doesn’t contain any trademarks and isn’t used by someone else already.

Avoiding trademarks is important because if you aren’t careful with that it could result in legal issues. When you see that the domain name you chose is already taken by another SMM panel owner, don’t try to create something very similar-looking. Again, creativity is the key here if you want people to start recognizing your panel without confusing it with someone else’s reselling business.

10. Don’t hesitate to use domain name generators when out of ideas

If you can’t come up with a good SMM panel domain name right away, there are a few generators you can find online that are very helpful when it comes to brainstorming ideas. Such generators can help you turn your ideas into creative domain names. To find them, just look up ‘domain name generator’ online. For example, here are a few of them: DomainWheel, GoDaddy’s Domain Name Generator, Business Name Generator.

How to register a domain name

When you purchase a panel on our platform, you can buy a domain name with our help as well. This is the easiest option that exists so you could avoid any possible problems with your domain and proceed with setting up your SMM panel right away. You can also buy a domain name by visiting the website of any registrar of your choice, after that you’ll have to set up your domain and connect it to our nameservers. 

Many SMM panel owners constantly face the struggle of being unable to receive payments from some customers. We try our best to add as many payment methods as possible so that customers from different countries could add funds using options that are the most convenient to them.

However, since a lot of payment systems aren’t available to SMM services resellers, sometimes there aren’t that many ways for customers to pay for panel services. Paying with cryptocurrency could definitely be one of those options that actually work. There are a lot of cryptocurrencies that exist nowadays — highly volatile ones and those are much stable (they are called stablecoins). But what are the general benefits of paying with cryptocurrencies? Read further to find out.

Accessibility of cryptocurrencies

The first and the most important fact is that anyone can create a cryptocurrency wallet. To do that, you don’t need to disclose any personal information or provide documents to verify your identity. This is why it’s a great solution for people who can’t use payment methods that require identity verification. Most payment options require partial or extensive identity verification. Because of that, it’s not an option for those resellers who live in places where their business is limited by some government regulations or those who wish to not disclose their personal information for any other reason. Accepting payments in crypto can help bypass those problems.

Many people around the world don’t have access to a bank account — either temporarily or permanently. This is when paying with cryptocurrencies becomes a great solution.

A lot of panel owners come from countries where SMM services reselling isn’t considered one of the credible ways to make money. This is why accepting payments in crypto can often be the safest way to manage their businesses.

The most popular way to store cryptocurrencies are digital wallets that can be accessed from a computer or a mobile device. However, some people store them in hardware wallets that look like USB sticks. This is how people can use crypto all around the world without too much hassle.

Private and secure transactions

It’s also important to remember that crypto transactions are valued because they are private and secure. Each transaction within the blockchain is verified by nodes — a decentralized network of devices. It’s also stamped on time and linked to the previous transaction, which creates a chronological series of transactions. The register of such successive as well as irreversible transactions is synchronized and updates on all devices that participate in the blockchain network.

It leaves no opportunity for any third party to manipulate a transaction like that or for a sender to reverse it. Anyone can verify the existence of such payment because these transactions can be followed anonymously via the block explorer. For example, here you can follow global Bitcoin transactions.

You can also create as many account numbers or addresses within your cryptocurrency wallet as needed in case you don’t want to have too much crypto in your pocket. For example, if you want to save your money in one place but also pay with your mobile phone, you can create a separate account number or address where you can transfer some of your coins. Basically, you can create as many security steps for your crypto funds as you want. And it’s great when there are options for SMM panel owners to make profits from their businesses as secure as possible.

Lower transaction costs

Cryptocurrency transaction fees can be significantly lower than some usual payment method fees. 
You can avoid paying major fees when transferring the money between crypto wallets. Fees are also lower when you transfer big sums in crypto than when you do it using traditional ways. Moreover, if you have the option to transfer funds in stablecoins, the fees won’t be that high. The value of any coin like that is tied to much more stable assets. For example, USDT (Tether), BUSD (Binance USD), and USDC (USD Coin) are tied to the value of the US Dollar, which helps obtain better control over your funds.

Higher transaction speed

There can be exceptions like with any other method, however, most of the times the speed of crypto transactions is very high. Some payments get completed almost immediately no matter where you are.
It’s a great alternative to other payment methods, especially if getting access to those methods is a problem for any reason. And, again, because of the nature of SMM services reselling, many panel owners can experience such problems. Cryptocurrencies become a great solution in cases like that.

Decentralization of cryptocurrencies

Usually thousands of nodes (devices) create a blockchain so when one or even several of servers temporarily disappear from the network, it doesn’t become a problem.
Because the blockchain network is decentralized, a central authority (such as a bank) can’t intervene with or suspend any process there.
If you’re the only one who knows your crypto wallet password / passphrase, then your money is solely under your management. No one else can access it. On the other hand, when you create a bank account, you become a creditor of your chosen bank that manages your funds on your behalf. See the difference, right? You have to trust the bank to perform all the transactions you need. But if you use cryptocurrencies, you can control your own money transfers without the intervention of any third party.