Bitcoin

Note Bitcoin works differently from other chains. On most chains, you deploy a contract to generate deposit wallets. For Bitcoin, you only need to add a BTC wallet (the source for generating deposit wallets) and a cold wallet to receive funds.

• Select Bitcoin & Other Networks to expand the section. The options to add a wallet appear.

• Select Add Wallet.

• A pop-up screen appears where you enter the required details. Enter the 12-word secret phrase of a BTC wallet. This wallet acts as the master account for generating deposit addresses for your customers.

• Make sure to save this seed phrase. You will need the exact same phrase when sweeping funds from the PayRam mobile app.

Note The seed phrase is never stored on any external server. It is kept only on your PayRam server and protected with encryption.

• Enter the 12-word seed phrase of your BTC wallet.

• After you enter all the required details, select Save & Generate Addresses.

• After you add the BTC wallet seed phrase, the configuration for generating deposit addresses on Bitcoin is complete. Next, add a cold wallet to receive the funds.

• After you add the cold wallet, select Save. The cold wallet is then configured successfully.

• You have successfully set up the configuration for BTC wallets. You can now receive payments from customers on the BTC network.