This is yet another one of our guides you should carry into the battle, I mean, Cryptocurrency Trading.
CoinPayments is a Canadian Company founded back in 2013, when it became the first payment processor to support altcoins. At that time no one else in the industry was offering support for cryptocurrencies outside of Bitcoin, so CoinPayments seized the opportunity to create a multi-currency wallet and trading platform.
CoinPayments allows merchants to accept Bitcoin and over 600 altcoins in their store through easy to use plugins, APIs and POS interfaces. With over 2,000,000 people CoinPayments.net is the most comprehensive multi-cryptocurrency platform available online.
They provide PoS (point of sale) terminals to accept in-person payments while serving customers at offline stores.
CoinPayments has several features useful for payment processing. By implementing all these features they aimed at offering full pack for Cryptocurrency trading for it's users.
-Multi-Coin Wallet: You can manage more than 600 coins optionally in CoinPayments’ online wallet. However, it is not recommended for longer durations.
-Point of Sale (PoS): Feature that we already mentioned above. It uses CoinPayments’ simple interface to accept in-person payment in your store or for your business.
-Shopping Cart Plugins: CoinPayments offers plugins for all the popular web carts used today. Simply register and install a plugin to integrate CoinPayments with your new or pre-existing checkout sections.
-CoinPayments supports GAP600 instant confirmations instead of usual 60 minutes confirmations making Bitcoin payments faster than ever before.
-Auto Coin Conversions: For some coins CoinPayments support coin conversion from one coin to another.
-Vault: Secure your coins in a cold wallet by setting a time before spending them.
-AirDrops: CoinPayments provides air drops of new coins and tokens to the users so that everyone benefits.
-Mobile Apps: In the mobile era, CoinPayments has mobile apps for both iOS and Android in place through which one can access their account, accept payments in person, and convert coins anywhere.
-CoinPayments ICO Marketplace: It also provides an ICO hosting platform providing payment solutions for your upcoming ICO including escrow.
-CoinPayments PayByName: This is by far the coolest feature, in which you can create your custom name, and “pay by name”.
CoinPayments claims to be the cheapest service for crypto payments in the world. Here is their fee break-up:
-Incoming Payments – To Balance: funds go to CoinPayments Wallet, fee: 0.50%
-Incoming Payments – ASAP/Nightly: funds are forwarded to external address,
fee: 0.50% + coin TX fee
-Commercial Deposits: Callback Addresses created with our API, fee: 0.50%
Apart from that, they charge a service fee for their wallet as per the chart below.
-Personal Deposits: Addresses made on your wallet’s page or Deposit Addresses retrretrieve on our API, fee: First 30,000 USD equivalent monthly: FREE, after that: 0.50%
-Conversions: converting Cryptocurrencies inside their wallet, fee: coin TX fee + conversion partner’s fees (if any)
-Withdrawals: fee: TX fee
Note: TX is the transaction fee.
To get started on CoinPayments, you need to register using your email ID and name. Then confirm your mail ID and log in with your 2-FA authentication code.
From there, you can navigate to the wallet section or make your $PayByName and explore other options for integration of your CoinPayments processor under ‘Merchant tool’ option:
Easy: CoinPayments is undeniably a legit and safe Cryptocurrency Exchange Platform.
It is always good to be first in adopting technological revolutions around the world to scale your businesses. Through CoinPayments, you have the chance to increase the flexibility of doing business with crypto.