CoinGate Crypto Payment Gateway Review

CoinGate is a cryptocurrency payment gateway that allows businesses to accept payments in over 70 cryptocurrencies, including Bitcoin, Ethereum, and stablecoins. The platform simplifies the integration of crypto payments into the e-commerce and B2B sector, offering ready-made solutions for stores, online games and subscription services. In the Coingate review, we will look at the key aspects of the service, its advantages and disadvantages, and compare it with alternatives.

What is CoinGate today?

Coingate payment gateway was founded in 2014 and is based in Lithuania. The platform serves more than 100,000 stores worldwide, processing transactions in 150+ countries. Its mission is to make crypto payments accessible to businesses without technical barriers.

Key figures:

• Support for 70+ cryptocurrencies, including BTC, ETH, USDT, USDC, DOGE, LTC, BNB.
• Integration with popular platforms: WooCommerce, Shopify, Magento, Wix.
• Real-time transaction processing with conversion to fiat currencies (EUR, USD, GBP) or stablecoins.
• Main clients: small businesses, digital services, online games, subscription platforms.

How the CoinGate payment Gateway works

The payment processing mechanism through CoinGate is built as a consistent process that provides convenience and security for both sides of the transaction. When a customer chooses to pay with cryptocurrency on the seller's website, the system automatically generates a unique address for transferring funds. This address is linked to a specific transaction, which eliminates confusion when crediting payments.

After receiving the funds, CoinGate performs the necessary operations.:

• records the receipt of cryptocurrencies to the merchant's account in the original asset;
• or convert it to the selected fiat currency/stablecoin.

The whole process is accompanied by notifications – the seller receives information about the payment status through API integration or by e-mail.

Key operating modes:

• direct acceptance of cryptocurrencies;
• automatic conversion to fiat/stablecoins;
• hybrid payments (partial payment with different assets).

For seamless integration with business processes, synchronization with CRM and ERP systems, automatic payments to partners, generation of invoices and payment links are provided.

Supported assets and payment methods

CoinGate supports an extensive range of digital and fiat assets, ensuring the versatility of payment solutions. Cryptocurrencies include both major assets
(Bitcoin and Ethereum) and popular stablecoins (USDT, USDC), as well as a wide range of altcoins, including Dogecoin, Litecoin and Binance Coin. This allows businesses to accept payments in the most popular digital tools without restrictions.

To work with traditional finance, the platform supports leading fiat currencies – euros, US dollars and British pounds – with withdrawal via bank transfer. In addition, local currencies are available in a number of partner countries, expanding the geography of payments.

Customers can choose convenient payment methods: scan QR codes, click on payment links, use embedded widgets on the website, or make payments via API requests. Of particular value are the functions of choosing the conversion currency and supporting multi-currency baskets, which provide flexibility in the formation of payment conditions.

Tariffs and commissions

CoinGate's tariff policy is based on a transparent structure, although it includes several levels of fees. The basic tariff is 1% for accepting crypto payments, which is a fixed fee charged for each transaction. When withdrawing funds in the fiat equivalent, an additional fee of 2-4% is applied, which varies depending on the chosen currency and the volume of the operation.

When converting assets between different cryptocurrencies or into fiat, the system charges a spread in the range of 0.5–1%. In addition to the basic tariffs, there are additional fees:

• charges for account inactivity;
• A refund fee and a separate fee for an emergency withdrawal, which must be completed outside the standard processing time.

The minimum amounts for transactions depend on the type of asset and the transfer direction. There are thresholds for deposits and withdrawals, which are determined individually for each cryptocurrency and fiat currency. These restrictions are designed to optimize transaction processing and reduce risks for the platform and users.

Safety and compliance with standards

The security of operations at CoinGate is ensured by a multi-level control system and compliance with international standards. The KYC (Know Your Customer) procedure is implemented in three levels of verification – from basic to corporate.

At each stage, the following documents are required:

• passports;
• confirmation of the residential address;
• bank statements.

The standard verification period is 1-2 business days, which allows you to quickly activate your account for operations.

As part of anti-money laundering (AML) measures, the platform uses transaction monitoring through the Chainalysis service. The system automatically checks addresses against OFAC and EU blacklists, and generates reports for regulators in accordance with FATF requirements and the EU AMLD5 directive.

The protection of customer assets is implemented through storing 90% of funds in cold wallets, which minimizes the risks of hacking. For large transactions, multi-signature technology is used, which requires confirmation from several authorized persons. Additionally, cyberattack insurance is available – conditions are provided upon request and depend on the volume of transactions and the client's risk profile.

Compliance with industry standards is confirmed by PCI DSS Level 1 (for payment data processing), GDPR (for personal data protection in the EU) and ISO 27001 (for information security management) certificates. These measures create a comprehensive protection system that meets the requirements of both regulators and end users.

Taking into account all the levels of protection, there is no doubt that Coingate is safe. The provider takes into account all the popular problems faced by the business and works ahead of schedule.

Weak points of CoinGate

When evaluating the platform, limitations were identified that may become critical for certain categories of businesses. Coingate legit is available in many countries around the world, but when choosing a provider, it is important to know its weaknesses.

High cumulative fees for small businesses

The basic tariff of 1% for accepting payments is supplemented by a spread of 0.5–1% upon conversion; commission 2-4% for withdrawal to fiat; paid services (inactivity, refunds, emergency withdrawal). For projects with small receipts and high transaction frequency, this significantly reduces marginality.

Lengthy verification procedure

The KYC process takes 1-2 business days even at the basic level, which slows down the launch of payment acceptance; creates inconveniences if you urgently need to activate your account; limits flexibility for seasonal or temporary projects.

Technical limitations of the payment infrastructure

Features of the service:

• delays of up to 24 hours for mass payments (not suitable for services with frequent payments);
• limited customization of payment pages;
• difficulties with refunds in cryptocurrency (lengthy approvals, lack of automated tools).

Payment security

Security and compliance risks:

• the possibility of blocking accounts without prior notice if AML violations are suspected;
• dependence on the conversion rate (risk of losses due to volatility between the time of payment and conversion);
• strict documentation requirements at corporate KYC levels (delays the process for B2B clients).

Limited support for niche assets

Despite the 70+ cryptocurrencies, the list does not include:

• rare altcoins popular in narrow communities;
• new tokens with high volatility, in demand from crypto enthusiasts;
• NFT and other non-standard digital assets.

Opacity of additional fees

Some fees (for example, for inactivity or emergency withdrawal) are not always explicitly indicated in the tariff schedule, which can lead to unexpected costs.

Geographical restrictions

There are more than 150 Coingate supported countries, but the provider does not offer the same conditions everywhere. There may be additional restrictions:

• local fiat withdrawal methods are not available;
• There are increased fees due to partnership agreements;
• There may be delays due to regulatory issues.

These are the main disadvantages that are important to know before enabling Coingate payment methods.

Alternatives to CoinGate: looking for the best solutions

When choosing a crypto payment gateway, it is important to take into account the specifics of the business, the volume of transactions and the target audience. 0xProcessing is a modern solution for businesses focused on crypto payments.

Key advantages:

• Instant AML verification.
• 65+ cryptocurrencies.
• Flexible tariff policy (individual commission calculation).
• Instant conversion to stablecoins (minimizing volatility).
• Withdrawal in fiat (SWIFT, SEPA, etc.).
• API.
• Round-the-clock support.

The payment gateway from 0xProcessing is suitable for businesses of any size, offering seamless integration and fast activation. It caters to international projects with support for a wide range of cryptocurrencies, and is equally effective for projects with high transaction volumes - the higher the turnover, the more cost-efficient the solution becomes compared to traditional payment methods.

Do you want to test 0xProcessing? Go to the official website and get a free integration consultation. Sign up now to take advantage of the platform!

Other Coingate alternatives:

BitPay. Pros: reputation as a leader, support for BTC/ETH/BCH/stablecoins, 1% commission, integration with PayPal. Cons: limited choice of cryptocurrencies, strict KYC requirements. For whom: large retailers.

NOWPayments. Pros: 300+ cryptocurrencies, no KYC for small transactions, detailed API. Cons: limited fiat support, weak business tools. For whom: niche projects.

Cryptomus. Positive: anonymity (minimal KYC), low fees (0.5–1%), support for NFT payments. Cons: limited withdrawal geography, poor integration with ERP/CRM. For whom: projects that value privacy.

The table shows a comparison by key parameters for popular services.

Do not choose CoinGate if:

• You are a startup with a limited budget. High commissions (1% + spread + withdrawal) eat up margin on low turnovers.
• We need round-the-clock support. In case of an emergency, you will have to wait for the working day.
• Rare altcoins are required. The list of supported assets is narrower than that of 0xProcessing or NOWPayments.
• Instant verification is important. 1-2 days on KYC may slow down the launch.
• Deep customization is needed. Limited design options for payment pages.

The service is optimal for an established business, with no need for fast integration and a small choice of cryptocurrencies for payment.

Conclusion

To summarize, what is Coingate? It is a payment gateway for accepting cryptocurrency payments, operating since 2014. The platform allows businesses to accept more than 70 cryptocurrencies, convert them into fiat (EUR, USD, GBP) or stablecoins, and withdraw funds to bank accounts. CoinGate is positioned as a turnkey solution for the e-commerce and B2B sector, offering ready-made integrations with popular CMS (Shopify, WooCommerce, etc.) and compliance with key security standards (PCI DSS Level 1, GDPR, ISO 27001).

When is CoinGate the best choice:

• for mature projects with a steady flow of payments, where reliability and compliance with regulatory standards are a priority;
• if the main audience uses basic cryptocurrencies (BTC, ETH, USDT) rather than niche altcoins;
• When legitimacy is critical: PCI DSS and GDPR certificates are mandatory for corporate clients;
• for businesses that have enough standard integration tools without deep customization.

When is it worth looking for alternatives?:

• for startups and small businesses with limited budgets – due to high total fees (1% + spread + withdrawal);
• if instant verification is required (CoinGate KYC takes 1-2 days);
• if necessary, support for rare cryptocurrencies or NFTs;
• for projects in need of round-the-clock technical support;
• if flexible customization of payment pages or integration with highly specialized ERP systems is important.

The best alternative to the service is 0xProcessing with fast verification, a wide range of payment methods, its own blockchain infrastructure and automatic conversion to stablecoins.

Frequently asked questions