CoinPayments Review
Crypto Payments Made Easy
Overview
Coinpayments is the best cryptocurrency payment gateway. It allows you to accept more than 100 different cryptocurrencies on your website, which is why it’s one of the best Crypto payment gateways for merchants. Coinpayments is a cryptocurrency payment processor.
They allow merchants to accept payments in over 100 different types of cryptocurrencies. Their services are accessible on their website and they’ve also developed a mobile app that you can use to take payments from customers on the go. The company was founded in 2013, and as of 2016, they were ranked as the world’s largest altcoin payment processor.
Coinpayments has two different types of accounts: Basic and Advanced. Basic accounts allow you to get started with Coinpayments by using just a name, email address, and password. Advanced accounts are similar to Basic in that they only require an email address, but they also offer better security and give you access to additional features like recurring billing, integration with other apps like Shopify or Magento, and more.
Coinpayment Wallet
CoinPayments started back in 2013 when they became the first payment processor to support altcoins. At that time, no one else was offering cryptocurrency-support outside of Bitcoin, so CoinPayments seized the opportunity to create a multi-currency wallet and processing solution. Since then, CoinPayments has expanded its service to include hundreds of different digital currencies while also continuously adding more services and features.
CoinPayments is the world’s leading crypto payment provides enabling users to transact with Bitcoin, Ethereum, Litecoin, and 2200 other cryptocurrencies. Since 2013 they have cemented themselves as an industry leader by offering fast and secure solutions for merchants to start accepting crypto payments like digital wallets and shopping cart plugins. To date, they’ve processed more than US$10 billion worth of crypto payments.
They offer services in over 200 countries worldwide. As the CoinPayments userbase started to grow, we added support for other coins and wallets. We also added conversion options through integrations with third parties across the world.
CoinPayments provides a wide variety of innovative services, including cold storage (keeping your funds offline), multi-signature transactions (requiring multiple keys before completing a transaction), instant confirmations (confirming immediately with some networks) in addition to plugins for easy integration of payment features and merchant tools as well as vaulting that stores funds long term. What is more, there are many other innovations coming soon! Most were created by us based on feedback from our users and members in the industry.
Setting Up And Using CoinPayments Wallet
The CoinPayments app is free to download and can be downloaded from Google Play Store or Apple Store. Log into your account on the platform, select which cryptocurrency wallets you want, and then make a selection of either “Send” or “Withdraw.”
If you wish to send crypto coins anywhere in the world for free, paste the public address in their wallet of choice (along with an amount), click on “Confirm” after choosing how many coins they want to send. If withdrawing money internationally as a bank transfer deposit option that takes 2-3 business days by default without any charges applied when sending them outside your country’s borders – but if PayPal is chosen instead it will take approximately 10 days while also incurring higher withdrawal fees – before clicking on “Confirm” again.
Who uses CoinPayment?
The cryptocurrency wallet solution is used in various industries, including finance, telecommunications, food and beverage distribution (supplies), networking hardware, and software development.
How To Buy Bitcoins Via CoinPayment?
Buying Bitcoin with a Debit or Credit Card
Ranked second in Entrepreneur’s list of Top 10 Crypto Payment Gateways for 2021, CoinPayments is a global cryptocurrency payment platform that enables smooth and safe transactions using cryptocurrencies. Now with this new feature, online purchases of popular cryptocurrencies like Bitcoin (BTC), Tether (USDT), Tron (TRX) Dai(DAI), Basic Attention Token(BAT))Bitcoin Cash(BCH)), Ripple (#XRP) Litecoin (#LTC ), Ethereum (#ETH )) and OKB from fiat currencies like dollars ($) can be made through credit or debit cards.
One goal of CoinPayments is increasing the accessibility to cryptocurrency and prompting its safe use in the global financial market by providing step-by-step instructions on how to buy Bitcoin or other types of currency through their platform.
STEP 1: Create An Account With CoinPayment
The first step to purchasing Bitcoin is to create an account with CoinPayments. You will need a username, email address, and password for this. Next, you’ll need to verify your account by providing some basic personal details like your name, date of birth, and country of residence.
STEP 2: Verifying a CoinPayment Account
The process is straightforward and quick! Next, complete the KYC so that you can make transactions and fully use your new account. To do this, send proof of identification such as an ID card or driver’s license for verification purposes. You also need to provide a photo of yourself with this document plus further verification from documents like bank statements or tax returns in order to prove residence
Coinpayments has created a short video with clear instructions on how to go through each step of the KYC process confidently.
STEP 3: ADD Debit Card
To get started, connect a debit or credit card to your CoinPayments account. Enter the required information from any type of personal payment card and begin buying Bitcoin and other currencies. You can also purchase with PayPal or SEPA as well as bank transfers and popular cards like Visa, SoFi, Mastercard
STEP 4: Purchasing Bitcoin
Now, on your account page, you can find the tab that directs you to buy Bitcoin with your connected payment method.
Start Accepting Cryptos
To accept payments in cryptocurrency, go to the ACCOUNT tab and click on COIN ACCEPTANCE SETTINGS. You need to select which coins you want to accept as payment by checking the box in front of each coin and clicking on Update Coin Preferences. These are just minimum settings one needs for accepting cryptocurrencies (incoming payments) into their wallet-leave other options like fiat settlement or converting crypto coins until later use when needed.
Coin Payments Made Easy
The accessibility and safety of cryptocurrencies like Bitcoin are outstanding. CoinPayments offers a reliable payment gateway for buying Bitcoins and other cryptos with your debit card or credit card. Bitcoin has been adopted by a lot of people, as well as the overall crypto market momentum which makes now is the perfect time to start.
Features of CoinPayment
Merchant account tools
The cryptocurrency wallet solution is used in various industries, including finance, telecommunications, food and beverage distribution (supplies), networking hardware, and software development.
Configuring The Merchant Account
Following the steps below, users can configure their Merchant Account
- First of all, verify your email ID by logging in with the credentials.
- Now go to the ACCOUNT tab and click on ACCOUNT SETTINGS. In the BASIC SETTINGS tab find Merchant ID that you need to copy or Save for later use.
- Enter full name & email id in PUBLIC INFO tab along with URL displayed publicly for customers to send payments (URL needs not to be real)
In LOGIN & SECURITY Tab change the 2FA method from the Email or SMS verification code option to Google Authenticator which is a more secure overtime period of 30 days only! Select your base currency in MERCHANT SETTING Tab select whether notification emails are desired at all if yes please enter an IPN Secret Code where Random String Of Characters will work just as well.
E-commerce Integration
The system is compatible with a wide range of popular e-commerce platforms like Magneto, Shopify, and WooCommerce. The integration capability makes it possible to streamline your digital sales capabilities while you can also establish an entirely customized digital storefront using API features. All these factors make it a perfect solution for both traditional brick-and-mortar stores as well as internet-based retailers. The system is compatible with the most popular eCommerce platforms, so you only need to choose which one will fit your needs best. It also has an extensive API that can be used in integration or customizations; this makes it possible to use for both online and offline businesses.
Payment Gateway
A dynamic payment gateway is a way for you to accept various cryptocurrencies online. By accepting a wide range of coins, your operation will be increased because you are not limiting how your customer pays. By leaving your customer’s options open, you are allowing them to pay in whichever way they deem appropriate. If they want to use cash or credit card, then that is available too. Allowing for more payment types will give the customer a better experience on your site and increase how often he/she visits it because of the convenience of being able to purchase items with ease using their preferred currency type instead of having limited choices due to only accepting one form of money.
Cryptwerk Partnership
The vendor has teamed up with Cryptwerk to provide a robust merchant store directory of businesses that accept various forms of cryptocurrency. This allows you to find other vendors who work in cryptocurrencies and buy or sell from them without any problems. Furthermore, due to the volatility of cryptocurrencies and their market caps changing all the time, you will not have large exposure to one coin. You can also offer crypto rewards through your gateway which means that customers are incentivized by receiving coins for purchases.
Coin Payment Fees
CoinPayments is a wallet service that charges a flat transaction fee of $0.50% when processing crypto transactions and additional fees for services that depend on the transaction rates or coins in question. For example, if users want to crypto exchange BTC to LTC they will incur an additional conversion partner’s fee which is also calculated as coin TX fee + conversion partner’s fees but there are no other hidden costs associated with using CoinPayment’s platform.
CoinPayment Pros & Cons
Pros
- Crypto Selection: The cryptocurrency selection is impressive, with a wide range of coins that the software can support.
- Low Transaction Fees; Multiple people thought that the service’s transaction fees were low and affordable.
- Address Book: Some users reported that the application comes with a convenient address book.
- Security: Customers are satisfied with the security measures on this program, in particular the two-factor authentication required to log in.
- Mobile Access: A lot of people like the feature that allows them to access their account from a mobile device, no matter where they are.
- International Commerce: The international commerce program has given users many opportunities to do business across various countries. Many were happy about this and thought it was a great feature of the program.
- Bitcoin Processing: Our program accepts Bitcoin payments and many users were happy with this.
- Fast Transactions: Several people said the platform could process their transactions quickly.
- Website Support: Our program has been praised for making it easy to accept cryptocurrencies on websites.
- Easy To Use: Many believe that the app is easy to use and navigate.
- Link Accounts: Some customers are able to link multiple accounts together with the software.
Cons
- No Coin Details: A few people felt let down by the software’s lack of information on various cryptocurrencies; they had to do more research using a different platform.
- IOS Mobile App: One customer felt the iOS mobile application was awkward and somewhat limited in what it could do.
CoinPayment Supported Services
All products and services that are supported by CoinPayment can be found on their website.CoinPayment is the world’s first cryptocurrency payment processor, which supports over 275 different digital assets in more than 20 countries with zero transaction fees to payers (merchants). It was established in 2014 by veteran programmers who wanted to create an easy-to-use platform for transacting cryptocurrencies worldwide at no cost or risk from chargeback frauds and other issues common when dealing with fiat currencies like US dollar or Euro
CoinPayment Supported Currencies
- Bitcoins (BTC)
- Bitcoin Cash
- LiteCoin (LTC)
- BNB Coin (BCB.BSC)
- BUSD Token (BSC Chain)
- Dash
- Doge Chain
- Ether Classic (ETC)
- Ether (ETH)
- Tron (TRX)
- USD Coin (USDC)
- Tether USD (Tron /TRC20)
- Monero (XMR)
- Ripple (XPR)
- Zcash (ZEC)
Is CoinPayment Safe Platform
Yes, the CoinPayments reviews available here appear to show that it is one of the safest crypto exchanges. It provides clients with technological security mechanisms and never stores their private keys, letting them save them on personal devices instead.
Although an incident of security breaches happened in 2017, Ripple coins were stolen from the Ripple security databases for 6 months following this breach where many coins were returned to holders after a quick response by CoinPayments team members; however, crypto coins stored in vaults remained safe during these incidents.
Is CoinPayment Worth It?
CoinPayments is a product that allows you to accept various cryptocurrencies online. It integrates with e-commerce platforms and can be customized through API support. If you’re the manager of an organization that would like to start accepting cryptocurrency, Coinpayments maybe your next software investment.
Conclusion
While it has been around for a while, Bitcoin’s popularity is on the rise. For example, according to CNBC in 2017, there was an 87% increase in average daily transactions with Bitcoin compared to 2016. We have seen this trend continue into 2018 and beyond as more people are choosing cryptocurrency over other traditional currencies like USD or Euros.
Some of these gains may be attributed to uncertainty following Brexit and new tax laws passed by President Trump that make it advantageous for Canadians abroad if they choose not to repatriate their earnings back home because of higher taxes levied on them from the US government.
With its low fees and high-level security – making it easier for you to make smart choices when spending your money – cryptocurrencies such as bitcoin may become even larger parts of our economy than before predicted!
Cryptocurrency is the currency of the future. Whether you choose to use debit or credit, Bitcoin is your best option for ensuring low fees and more security – making it easier for you to make smart choices with your money! CoinPayments makes purchasing cryptocurrency as easy as possible by letting you do so through a credit card. Get started today.
