CoinPayments

CoinPayments is one of the longest-running cryptocurrency payment processors, founded in 2013. It enables merchants to accept over 100 cryptocurrencies with competitive fees and optional fiat settlement. CoinPayments has been a pioneer in the crypto payment space, serving thousands of merchants worldwide.

How CoinPayments Works

CoinPayments provides a hosted payment gateway for online merchants. When a customer pays with cryptocurrency, CoinPayments generates a payment address, monitors the blockchain for confirmation, and credits the merchant’s account. Merchants can choose to keep funds in cryptocurrency or convert to fiat currency. The platform supports auto-conversion, allowing merchants to accept any supported coin but receive their preferred settlement currency.

CoinPayments also operates a multi-coin wallet service and provides tools for donations, payment buttons, and API integrations.

Key Features

• 100+ cryptocurrencies: Wide support for Bitcoin, Ethereum, and many altcoins
• 0.5% transaction fee: Low base fee for processing payments
• Auto-conversion: Accept any supported coin, receive settlement in your preferred currency
• Fiat settlement: Convert crypto payments to fiat through partner services
• Multi-coin wallet: Store and manage multiple cryptocurrencies in a single wallet
• Payment buttons: Easy-to-embed buttons for donations and simple purchases
• E-commerce plugins: Integrations for WooCommerce, Magento, PrestaShop, and more
• API access: Full API for custom integrations and automation
• POS system: Point-of-sale interface for retail stores
• Vault feature: Time-delayed withdrawals for enhanced security

Fee Structure

CoinPayments offers competitive pricing:

• 0.5% per transaction for standard payments
• Conversion fees: Additional spread may apply if auto-converting to a different currency
• Network fees: Paid by the customer or merchant depending on settings
• Withdrawal fees: Small fees apply for withdrawals to external wallets
• No setup fees for basic merchant accounts

The 0.5% base fee is among the lowest in the industry for hosted processors, though additional costs may apply for conversion and withdrawal services.

Supported Cryptocurrencies

CoinPayments supports 100+ cryptocurrencies across multiple blockchains. This includes all major coins (Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Dogecoin) and many altcoins. The platform supports stablecoins (USDC, USDT) and has a long history of adding new coins based on community demand.

Best For

CoinPayments is ideal for merchants who want low fees and wide cryptocurrency support with a proven track record. It’s particularly popular among:

• E-commerce stores with international customers
• Service providers accepting niche altcoins
• Charities and nonprofits accepting donations
• Merchants who need a multi-coin wallet solution
• Businesses with lower transaction volumes where the 0.5% fee is attractive

Important Considerations

• Long history: One of the oldest crypto processors (founded 2013), with established reputation
• KYC required: Identity verification required for merchant accounts and higher withdrawal limits
• Global availability: Available to merchants worldwide, though some restrictions may apply
• Withdrawal fees: Small fees for withdrawing to external wallets
• Support: Customer support available via ticket system
• Security: Time-delayed vault feature available for enhanced protection
• Conversion spreads: Auto-conversion rates may include a spread above the 0.5% base fee

Historical Note

CoinPayments has been operating since 2013, making it one of the earliest crypto payment processors. It has survived multiple market cycles and continues to serve merchants worldwide. The platform’s longevity and reliability make it a trusted choice for merchants who value stability in the volatile crypto payment industry.