CoinPayments

CoinPayments is one of the oldest and most comprehensive cryptocurrency payment gateways, supporting over 2,000 different coins. It provides a digital wallet for users and checkout tools for merchants to accept crypto online.

The platform is known for its low transaction fees (0.5%) and its "Vault" feature for secure storage. CoinPayments allows for auto-conversion of payments to stablecoins to avoid volatility. It is a legitimate, high-volume processor used by thousands of merchants globally to bridge the gap between commerce and crypto.

Frequently Asked Questions

1. specific transaction fee?

CoinPayments charges a flat transaction fee of 0.5% for incoming payments (commercial transactions). This is significantly lower than the 2-3% charged by credit card processors like PayPal or Stripe.

2. What is the Vault?

The Vault is a security feature that allows you to lock your coins for a specific period. You cannot withdraw funds from the vault until the time lock expires, protecting your assets from panic selling or hackers.

3. Can I convert coins automatically?

Yes, merchants can set up auto-convert settings. For example, if a customer pays in Dogecoin, CoinPayments can automatically convert it to USDT or Bitcoin instantly to protect the merchant from price fluctuations.

4. Is it a wallet?

Yes, CoinPayments functions as a multi-coin web wallet where you can store, send, and receive over 2,000 different cryptocurrencies. However, as it is a custodial service, it is recommended to keep large amounts in cold storage.

5. specific shopping directory?

Yes, CoinPayments maintains a store directory listing all the merchants that accept crypto via their gateway. This helps crypto holders find places to spend their assets on real-world goods and services.