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Overview
CoinGate is one of the leading cryptocurrency payment processors, allowing businesses to accept payments in over 70 cryptocurrencies including Bitcoin, Ethereum, Litecoin, and many others. Founded in 2014, CoinGate has established itself as a reliable solution for businesses wanting to accept crypto payments.
With a simple 1% transaction fee and support for instant or daily settlements, CoinGate makes it easy for businesses to start accepting cryptocurrency payments. They offer plugins for major e-commerce platforms and a robust API for custom integrations.
CoinGate automatically converts cryptocurrency payments to fiat currency (USD, EUR, etc.) if desired, eliminating the volatility risk for merchants who want to accept crypto without holding it.
Pricing Breakdown
Transaction Fees
| Service | Fee |
|---|---|
| Transaction Fee | 1.0% per transaction |
| Monthly Fee | None |
| Setup Fee | None |
| Withdrawal Fee | Varies by cryptocurrency |
Low fees: At 1% per transaction, CoinGate offers some of the lowest fees in the crypto payment processing space. No monthly fees or setup costs make it accessible for businesses of all sizes.
Key Features
70+ Cryptocurrencies
Accept payments in Bitcoin, Ethereum, Litecoin, and 70+ other cryptocurrencies. One of the widest selections available.
E-commerce Plugins
Easy integration with WooCommerce, Shopify, Magento, PrestaShop, and other major e-commerce platforms.
API Integration
Robust REST API for custom integrations. Well-documented with code examples and webhooks support.
Auto-Conversion
Automatically convert cryptocurrency to fiat currency (USD, EUR) to eliminate volatility risk.
Instant or Daily Settlement
Choose between instant settlement or daily batch settlements based on your business needs.
Point of Sale
Accept crypto payments in-store with POS integration and QR code payment options.
Pros & Cons
✓ Pros
- Low transaction fee (1%)
- 70+ cryptocurrencies supported
- No monthly fees
- Easy e-commerce integrations
- Auto-conversion to fiat
- Instant or daily settlements
- Good API documentation
✗ Cons
- Crypto market volatility
- Limited to crypto payments only
- Smaller user base than traditional processors
- Regulatory considerations vary by country
- May require additional accounting considerations
Who Should Use CoinGate?
Crypto-Friendly Businesses
Businesses that want to accept cryptocurrency payments alongside or instead of traditional payment methods.
International E-commerce
Online stores serving customers worldwide who prefer cryptocurrency payments for lower fees and faster transactions.
Tech-Savvy Businesses
Companies comfortable with cryptocurrency and looking to offer modern payment options to their customers.
Privacy-Focused Businesses
Businesses that want to offer payment options that provide more privacy than traditional credit card payments.