CoinGate

CoinGate is a cryptocurrency payment gateway and gift card platform founded in 2014. It enables merchants to accept Bitcoin, Ethereum, and 50+ other cryptocurrencies, with the option to settle in fiat currency. CoinGate is particularly popular in the European market and powers crypto payments for hundreds of online merchants.

How CoinGate Works

CoinGate provides a hosted payment solution for online merchants. When a customer selects cryptocurrency at checkout, CoinGate generates a payment invoice with a fixed exchange rate. The customer pays from their wallet, and CoinGate verifies the transaction on the blockchain. Merchants can choose to receive settlement in cryptocurrency or fiat (EUR, USD, etc.) directly to their bank account.

CoinGate also operates a popular gift card marketplace, allowing consumers to buy gift cards for thousands of brands using cryptocurrency.

Key Features

• 50+ cryptocurrencies: Wide coin support including Bitcoin, Ethereum, Litecoin, XRP, and many altcoins
• Fiat settlement: Automatic conversion to EUR, USD, and other fiat currencies
• E-commerce plugins: Integrations for WooCommerce, Magento, PrestaShop, and more
• Gift cards: Separate gift card platform for converting crypto to retail gift cards
• Payment links: Create and share payment requests for invoices
• Recurring payments: Support for subscription and recurring billing
• Sandbox environment: Test payments before going live
• API access: Full REST API for custom integrations

Fee Structure

CoinGate charges merchants approximately 1% per transaction (fees may vary by plan and volume). There are no setup fees for basic accounts. The gift card platform has separate pricing. Network fees are paid by the customer.

For exact pricing, merchants should contact CoinGate directly or check the current pricing page, as rates may vary by region and volume.

Supported Cryptocurrencies

CoinGate supports 50+ cryptocurrencies, making it one of the most inclusive payment processors. Supported coins include Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Dogecoin, Tron, USDC, USDT, DAI, and many altcoins. The platform supports payments across multiple blockchains including Bitcoin, Ethereum, Litecoin, Tron, Polygon, and Solana.

Best For

CoinGate is ideal for European merchants who want wide cryptocurrency support and automatic fiat settlement. It’s particularly popular among:

• E-commerce stores with international customers
• VPN and hosting providers
• Gift card platforms
• Subscription services
• Merchants who want to accept altcoins beyond the major ones

Important Considerations

• KYC required: Identity verification and business documentation required for merchant accounts
• EU-focused: Strongest support and banking integrations are in the European Union
• Gift card platform: Separate from the merchant gateway; the gift card service has its own pricing
• Altcoin support: Excellent for merchants who want to accept niche cryptocurrencies
• Support: Customer support available during European business hours
• Payout times: Fiat settlements typically take 1-3 business days depending on the region