Established in 2014, Coingate is a payment gateway based in Lithuania. The platform allows merchants to accept digital currencies like Bitcoin as a form of payment. It also allows users to buy crypto, find stores that accept digital currencies, and purchase gift cards with cryptocurrency.
Coingate offers the ability to buy and choose over 50 kinds of cryptocurrencies. Coingate currently accepts four payment methods. These are:
This payment method is available for all verified Coingate users within Europe. Users can receive their crypto after 24 hours with the SEPA credit transfer.
Coingate also allows users to purchase crypto via bank transfers. This payment method is available in five countries: China, Indonesia, Vietnam, Thailand, and Malaysia.
With credit or debit cards, users do not need to have an account to buy crypto, and the process only takes a maximum of 24 hours. They currently accept payments from MasterCard and Visa.
Coingate also has the option to pay with a mobile balance, available worldwide. Depending on the amount and country, users can pay through phone or text message (SMS).
When a merchant receives enough money for withdrawal, they may choose to pursue payout. Users can access the dashboard by going to the payout settings tab, where they can convert crypto for other currencies.
Coingate allows users to turn cryptocurrency into US dollars or Euros. They accept two payout methods, namely:
SEPA credit transfer is a method available for users within Europe. To get a payout using this method, users must fill out all necessary details, including the account holder’s name, bank name, swift code, and account number.
For users outside Europe, bank transfers offer an alternative payout method. Users can get their payout in US dollars, Euros, or both with this method.
Lastly, users are also allowed to turn their digital assets into another type of cryptocurrency. Coingate will store the crypto in the person’s exclusive digital wallet, safe and protected from hackers.
Coingate charges a small amount for some of its services, namely merchant and trading fees.
For withdrawals, users do not pay any fees within Coingate. However, some third-party payout methods may require the customer to pay for the service fee, such as bank transfers.
For merchants, Coingate charges a 1% flat fee for payment processing. Customers who will buy from a seller do not need to pay a service fee for transactions, and the merchant will not accumulate recurring fees.
Crypto traders will incur a 3% flat fee for every transaction. Traders can exchange without depositing any funds, and they can buy or sell directly from their wallets. Coingate also offers 1% of referral earnings for traders.
The demand for cryptocurrency has increased over the years. As a result, more and more people are using it, and businesses have begun to consider digital currencies for payments.
Below is a list of top Coingate alternatives for accepting cryptocurrency as a form of payment.
Bitpay is a payment gateway for cryptocurrencies, established in 2011. On this platform, merchants can accept digital currencies from their customers, send invoices, and receive crypto on smartphones.
Similar features to Coingate: Business accounts.
Official Site: https://bitpay.com/
Blockonomics is a crypto payment solution for merchants who want to receive Bitcoin as a payment from their customers. Merchants can make accounts easily on their website. They also offer several features like payment buttons that merchants can use to embed in their site.
Similar features to Coingate: Affiliate program.
Official Site: https://www.blockonomics.co/
BTCPay is an open-source project for businesses hoping to accept Bitcoin as a form of payment. As an open-source project, users have the freedom to customize its look according to their needs.
Similar features to Coingate: Customization.
Official Site: https://btcpayserver.org/
Coinbase Commerce is a company that helps merchants with crypto-related transactions. They offer a fast and secure platform for merchants, and there are no fees for using the service.
Similar features to Coingate: Business accounts, two-factor authentication, cold storage.
Official Site: https://commerce.coinbase.com/
Electroneum is a mobile-based cryptocurrency platform app that aims to help people transfer their digital currencies using smartphones. Users can download their app for free at Google Play Store.
Similar features to Coingate: Business accounts.
Official Site: https://electroneum.com/
On Coingate, users can choose to buy from over 50 cryptocurrencies, including Bitcoin, Ethereum, Nano, Litecoin, ZCash, and more.
Additionally, Coingate offers different payment and payout options, such as bank transfers, credit and debit cards, mobile balance payments, and more. These diverse options make things more convenient for users.
Coingate also offers 24/7/365 customer service and regularly updates their blog. This helps the users to stay informed and know the recent updates on the platform.
However, Coingate does not offer free trials and does not support all currencies. Currently, they only support US dollars and Euros.
At Coingate, individual users can buy, sell, or trade crypto. Meanwhile, merchants can allow their customers to use cryptocurrency for payment. Users can also find stores that accept crypto and buy gift cards using digital currency. Overall, Coingate is an excellent payment gateway for both merchants and individuals.
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