Top 4 ‘No-KYC’ Alternatives to OpenNode to receive bitcoin payments

Bitcoin is slowly making its way into mainstream economy thanks to the businesses who have opened up to it and consider it to be a valuable medium of exchange. This not only increases the trust factor in bitcoin but also helps in spreading its adoption. The biggest contributor to this rise have been the online businesses who have started accepting Bitcoin as a medium of payment. This is where bitcoin payment gateways enter the picture.

There are several options for a payment gateways in the market, OpenNode being one of them. It offers a robust platform with e-commerce and retail plug-ins, API’s for developers and fast payment processing. Another major feature of OpenNode is its support for Lightning Network making transactions almost instantaneous. But, they recently shocked their community of users by introducing KYC.

With regard to this recent change we have decided to put together a list of top alternates to OpenNode which do not require KYC.

1. Blockonomics:

Blockonomics offers plugins that easily integrate with your website.

Plugin for: Wordpress, Magento, PrestaShop, Easy Digital Downloads, Open Cart, WHMCS, Joomla/VirtueMart

Pros:

• 1% fees
• Direct-to-Wallet
• Segwit Support
• Altcoin Support: Ethereum, Bitcoin Cash
• Online Support team available 24X7
• Open Source Plugins
• Custom integration available
• Conversion to fiat via Payment Forwarding

Cons:

• No Lightening Network support
• Custom integration may require technical knowledge
• Requires trusting a third-party service

2. BTCPay Server:

BTCPay Server is a self-hosted, open-source cryptocurrency payment processor.

Plugins for: WooCommerce, Drupal, Magento, PrestaShop

Pros:

• 0% Fees
• Open Source
• Lightning Network Support
• Direct-To-Wallet
• Segwit Support
• Very nice community of followers
• Online support available 24X7
• Conversion to fiat via Payment Forwarding

Cons:

• Technical Knowledge needed to configure/manage the server
• BTCPay server requires hosting which is paid service

3. Electrum Merchants:

Electrum Merchants is an open source payment service offered by popular bitcoin wallet Electrum.

Pros:

• 0% fees
• Open Source
• Direct-To-Wallet
• Decentralized
• Segwit Support

Cons:

• Only works with Electrum Wallet
• Technical knowledge needed to set up
• No Lightning Network support
• No conversion to fiat support

4. Cashier-BTC:

Cashier-BTC is a self-hosted Node.js Bitcoin payment gateway. Provides REST API (microservice).

Pros:

• 0% fees
• Simple integration
• Direct-To-Wallet
• Decentralized
• Open Source
• Segwit Compatible

Cons:

• Technical knowledge needed for setup and maintenance
• No Lightening Network support
• No conversion to fiat support

Final Thoughts

Using any one of these payment processors you can start receiving payments from anywhere in the world without divulging any personal information.

If you are simply looking for a basic bitcoin payment gateway without any kind of support or features then Electrum Merchants or Cashier-BTC may be the option for you.

In case, you are looking for a more service oriented product with rich features and regular developments than Blockonomics or BTCPay Server is the way to go.

Regardless of which option you choose, by accepting bitcoin as payment you are getting one step closer to a decentralized economy.