Quick tutorial: earn XRP, IOTA, ADA or USD with your Youtube channel, wordpress Blog or website! Without paywall, without ads. For free! (COIL webmonetization with InterLedgerProtocol)

Beitrag teilen, weiterleiten ...

Are you running a youtube channel, a blog or a website? Do you want to earn micropayments in realtime from websurfers, paid in fractions of XRP, IOTA, ADA, XLM or USD / USDC?

Let’s get it goin‘ !!

(zur deutschen Version geht’s hier)

Coil.com webmonetization – what’s that?

For fast results, this article does not feature a technical introduction to Coil. Coil – along with Mozilla and Creative Commons – is founding member of „Grant for the web„, an initiative  for fair, fast and safe realtime micropayments for content creators in the web.

What you should know: Quite a few websurfers out there are paying members at Coil.com. They are surfing the web, having the Coil-micropayment-browser-addon installed. Every minute while they are visiting your content (as long as you have is registered it in a your free Coil account) they stream micropayments directly to you. I am one of the many paying Coil members out there.

The benefits:

    • No costs for you as a content creator!
    • Your Youtube-channel remains untouched. Some youtubers have coil-monetized their channel already; especially crypto youtubers like CryptoEri, JungleInc, ToTheLifeBoats, Kevin Cage, Working Money Channel and many more.
    • You don’t have to hide your content behind an annoying paywall.
    • You don’t urge your visitors to one more of dozens page subscriptions.
    • Coil-monetized websites often disable advertisment and third party content … for a safer, more private web expierence.
    • Paying Coil-members only pay 5 USD/month and get access to lots of coil-monetized content worldwide (the more content creators become part of the movement, the better!)
    • cool and geeky blockchain, interledger and crypto technology! Become a member of the new era of web content.

So … let’s go!

Preparation – step 1.1:
Create an account at uphold.com

In order to receive payments by surfing Coil-members you must own a digital money wallet, that is compatible to payments streams on the interledger-protocol.

  • So go and create yourself an account at the currency-exchange Uphold.com as follows:

    • go to Uphold.com, in the top-right corner click „Sign up“.

    • now enter your eMail-address,
      create yourself a password (store it safely!)
      select your country,
      accept the conditions
      and click „Next“.

  • now enter:
    – your name (as on your passport / official ID-card)
    – date of birth
    – phone number

  • you will receive an email with a confirmation line. Check your mails, click the confirmation link and log into Uphold using the password you just typed in.
  • carry out the instructions for identifying yourself officially (scan/photo of your passport / personal ID)

Preparation – step 1.2:
create a currency/cryptocurrency wallet inside of your Uphold account

Now let’s create a digital wallet in order to choose, what currency you want to receive your micropayments in.

Now: Log into your Uphold account.

The screenshots below show the „classic view“ design of Uphold. If you see white/lighter screens, thent your account seems to be configured for the new design theme. To switch to the classic theme simply click the 3dot-menue in the left column and choose „Switch to classic view“:

  • In your Uphold account click on „Add card/currency“.

  • In this example, we create a IOTA wallet; of course you can choose XRP or ETH, XLM, BTC, Euro, USD, USD instead. I would higty recommend an XRP wallet!
    Enter a name of your wallet and select your desired currency/cryptocurrency:

  • Then click „Create“.
    Congratulations! You now are a proud processor of a webbased wallet.

Preparation – step 1.3:
generate an ILP-Pointer for your wallet inside your Uphold account

To direct the payment streams into the wallet (the one you just created in step 1.2), the wallet has to be assigned a unique address on the interledger protocol.
That’s the InterLedgerProtocol-Payment-Pointer (ILP-Payment-Pointer). Sounds complicated, but it requires just a few clicks:

  • in your Uphold account click an the wallet card you just created.

  • now click on „Add Funds“
  • then click „Fund from Interledger Payment pointer“

  • and now click „Generate Payment Pointer“
  • Damn fine!!! You just created an ILP-Payment-Pointer for that wallet.

    You can copy/view the ILP-Pointer anytime by clicking the respective wallet – „Add funds -> Fund from Interledger payment pointer“.
    An ILP-Payment-Pointer looks like this:: $ilp.uphold.com/ABcDeFGHijKLM123
    Please copy the ILP-Pointer to the clipboard and into you password-documents, along with the name/type of its wallet.

Step 2
Create yourself an Coil.com account and paste the ILP-Pointer into it

Now let’s become a ContentCreator-member at Coil!

  • Go to www.coil.com und click „Sign up“ (top right corner) , then „Sign up to monetize“.

  • npw enter your eMail-address (the one you want to use for your coil membership)
    and assign yourself a password (store it safely!).
    Agree to the terms/conditions and click „Next“.

  • Now check your emails for a coil verification code. Enter the code in the coil sign-up page and click „Next“.

  • Welcome to Coil!! Now let’s go to the „Settings“:

  • If you want to become a paying member (you can stream micropayments to yourself, too), then click on „Membership“ and enter your credit card information. But you don’t have to.
  • In the menu on the left click on „Payouts“ und choose „Uphold“ for setup.

  • now enter/paste the ILP-Payment-Pointer (from step 1.3) into the PaymentPointer-field and click „Finish“

  • First class work! You are now part of a new generation of content creators! Be proud!
    There’s only one thing left!

Step 3
Hook up your web-content to Coil / ILP

Now let us hook up your
– Youtube channel
– your WordPress blog
– your website
to your payment stream!

3.1) Coil-monetize your youtube channel

As there is no way to enter an ILP-Payment-Pointer to your youtube accoun (shame on Google!!!),
you have to link your Yotube channels into your Coil account. That’s quite easy.

  • Log into your Coil.com – account and go to „Settings“,
    then click „Monetize content“
    then click „Add another channel“

  • a new window forces you to log into your youtube channel accounts.
    Thereafter you can select the channel(s) you want to include to monetization.

  • Now you get a list of your coil-monetized Youtube channel(s):

  • That’s all!
    IMPORTANT: Don’t forget to motivate your youtube visitors to support you (and content creators worldwide) by surfing as paying Coil member for just 5USD/month.
    Feel free to link my neutral tutorial playlist „how to become a paying coil member“.

 3.2) Coil-monetize your WordPress blog / WordPress homepage

  • enter the admin-secton of your WordPress website/blog
  • choose „Plugins“ form the main menu and click „install“. Search for the WordPress plugin „WP Connect Coil„, install it.
  • in the settings-Section there’s a new menu item „Coil Setting“.
    Enter/paste your ILP-Payment-Pointer (from step 1.3) into the field and click „Save changes“.

  • That’s all!
    IMPORTANT: Don’t forget to motivate your visitors to support you (and content creators worldwide) by surfing as paying Coil member for just 5USD/month.
    Feel free to link my neutral tutorial playlist „how to become a paying coil member“.

 3.2) Coil-monetize your website

If you are hosting a normal website, you simply have to insert one meta-tag to the HTML-code; preferentially inside the <header>…</header>-section:

<meta name="monetization" content="$ilp.uphold.com/ABcDeFGHijKLM123" />

!!!!!! Replace the red string with your ILP-payment (from step 1.3) !!!!

If your website is using a ContentManagementSystem, please read the online help. Most systems offer the inseration of custom meta tags.

IMPORTANT: Don’t forget to motivate your visitors to support you (and content creators worldwide) by surfing as paying Coil member for just 5USD/month.
Feel free to link my neutral tutorial playlist „how to become a paying coil member“.

If you want to become a paying Coil-member …

.. in order to pay yourself (yes, you can stream payments to yourself) and in order to pay other content creators for just 5USD/month, then have a look at my videotutorials on youtube.
Als zahlendes Coil-Mitglied sendest Du Dir übrigens auch selbst Micropayments, wenn Du Deine eigenen Inhalte besuchst.

Additional notes

Coil is even more powerful. For WordPress Coil has created a mighty Coil-Plugin named „Coil Web Monetization„. With this plugin you can coil-paywall excerpts of blogposts or entire blogposts. By the use of smal javascript-snippets you can remove advertisment-areas or affiliate-content-sections for Coil-members and such like!

Take care of taxational aspects, if your are running your website/channel commercially.

Hat Ihnen dieser Beitrag gefallen oder geholfen?
Bedanken Sie sich? Mit einer kleinen Anerkennung für die inhaltliche Arbeit?
Jeder Betrag ist willkommen. Lieben Dank!