Cryptocurrency appears to be back in the news, thanks to bullish runs by Bitcoin (Hitting 33K), and a 150% run by Dogecoin. No matter what your position is on cryptocurrency, as a Twitch Streamer, you should be open to receiving it! There have been some huge donations made to streamers in the form of cryptocurrency. Back in 2019, one streamer received 20.49 BTC (at the time, worth $73,000). Today, that would be $676,000! So, today, I’m going to give you the absolute basics and teach you how Twitch Streamers can Accept Cryptocurrency Tips!
The Basics of Accepting Cryptocurrency Tips
As a Twitch Streamer, there are only three things that you need to start accepting Cryptocurrency Tips: Coinbase, 1UpCoin, and StreamElements/StreamLabs. I’ll explain what each part does, and then give you a rundown on setup!
What is Coinbase? How do I set it up?
Coinbase is the most well-known, and secure onboarding platform for Cryptocurrency. It is essentially the first place that everyone starts when they want to get into the space. Coinbase is very easy to set up! As it relates to accepting Cryptocurrency Tips, Coinbase is your wallet – the same way that PayPal is your wallet for USD tips.
To get started, you need to set up an account. The site will first as you for your name, email, and password. You’ll then be sent a link to your email, which will verify your email address and let you proceed to the next step. You’ll now be asked to submit a phone number.
Coinbase will send your phone a text message with a code that you’ll need to verify. Once you do that, you’ll be asked to add a bank card. You can actually skip this for now if you want to.
To skip it, you’ll need to click ‘go back to coinbase.com’, you’ll then need to log back in. Once you log in, you may need to click accept (or skip) on a popup, and afterward, the screen will look something like this.
You’re now mostly done with Coinbase. You can explore the site a bit if you like, you can even earn some free crypto to get you started. Basically, they reward you for taking short 1-5 minute ‘lessons’ about different coins. It’s a way to educate people and reward them with a small amount. I personally recommend learning about Stellar Lumens (XLM), as you can earn $10 worth! Another great one is Compound (COMP) as it rewards you with $19 in free coins! NO downside to doing either – as of writing this, you can currently earn $44 worth of free coins!
What is 1UPCoin and how do I set it up?
1UpCoin is a service that connects with both your stream and your Coinbase account to enable cryptocurrency tips to be sent to you. To get started head to 1UpCoin.com and login with your Twitch account. The great part is the ONLY data you share with 1UpCoin is your email address – as you’ll see on the login page.
Once you’re logged in, you need to connect your Coinbase account. This will allow you to accept a variety of cryptocurrency tips including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more! Click on the “Connect” button.
This will then take you back to Coinbase to Authorize the 1UpCoin access to your account. Jaku (the creator of 1UpCoin) will not receive any of your account details, only your wallet addresses. This is important as it will allow someone to send a tip and make sure that it ends up in YOUR wallet. Wallet codes do NOT need to be kept private as they are akin to an email address. So, don’t fear if anyone knows your wallet address!
Once this has been authorized, you should receive an email to confirm that the connection has been made. Coinbase will also send your page back to 1UpCoin where you can complete the final step.
How do I know if someone has sent me a crypto tip?
The last thing you need to set up is your notification system. If you use StreamLabs or StreamElements, clicking Connect on the panel will give you the option of either. From there, you need to authorize the connection. Then, from either platform, you can easily set up notifications the same way you would for tips, bits, or subs!
Add a Crypto Tip Link to your Profile on Twitch
If you want to add a Cryptocurrency Tip button to your panel, simply navigate to the “Donation Link” and you’ll be sent to a similar interface to other tip buttons. Your cryptocurrency tip link should look like this: https://1upcoin.com/donate/USERNAME. Simply create a graphic (akin to whatever you currently use for Paypal tips), and then link it! It will work much the same way!
Now, the rest is on you! When your viewers decide they want to send a tip, they can pick the currency they want to send to you. From there, a popup will include a QR code or the wallet ID. They can then send the tip directly from their wallet to yours! (Anyone familiar with Crypto enough to tip with it, will know how to do this!)
(Then, when you’re ready to get more in-depth into the crypto space, I highly recommend Binance. It’s an exchange, with a variety of tools and possibilities! BUT, that’s a post for another day!)
If you have ANY other questions, feel free to ask in the comments below!