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To accept bitcoin one must first download a bitcoin wallet. Once a wallet has been created the business owner can generate a unique public key or address that customers can use to send bitcoin to the business. The business owner can also monitor all incoming and outgoing transactions and can use the wallet to store bitcoin for future use. Additionally the business owner has complete control over their bitcoin funds and can sell or trade them easily at any time. Lastly its important to remember that bitcoin transactions are irreversible and there are no thirdparty disputes always practice good security when storing and using bitcoin .