CoinGate

CoinGate is a fintech company that provides cryptocurrency payment processing services for businesses and individuals. It allows merchants to accept Bitcoin and over 70 other cryptocurrencies as payment and instantly convert them to fiat (EUR/USD) to avoid volatility.

For individuals, CoinGate offers a platform to buy and sell crypto and a gift card store where users can spend their crypto at over 3,000 brands. It is a legitimate, regulated payment processor in Lithuania, facilitating the adoption of crypto in commerce.

Frequently Asked Questions

1. Can I buy gift cards with crypto?

Yes, CoinGate has a massive gift card marketplace. You can use Bitcoin, Litecoin, Lightning Network, and many other coins to buy gift cards for Amazon, Airbnb, Xbox, and more with instant delivery.

2. specific fees for merchants?

CoinGate charges merchants a flat processing fee of 1% per transaction. This is often lower than traditional credit card processing fees, making it an attractive option for businesses.

3. Do they verify identity?

Yes, to use the trading services (buying/selling crypto) or for merchants settling in fiat, you must complete Tier 1 or Tier 2 verification (KYC). Buying gift cards often requires less stringent verification.

4. Can I sell crypto to a bank account?

Yes, verified users can sell their cryptocurrency on CoinGate and withdraw the proceeds directly to their bank account via SEPA transfer (in Europe) or international wire.

5. Is CoinGate regulated?

Yes, CoinGate is a registered virtual asset service provider in Lithuania. They comply with strict EU regulations regarding anti-money laundering and data protection.