CoinGate

What is CoinGate and what do they do?

CoinGate is a cryptocurrency payment processor that provides merchants with the ability to accept an array of cryptocurrencies as a payment method. Launched in 2014, CoinGate operates a platform enabling online businesses, physical stores, and various service providers to integrate digital currency transactions into their payment systems seamlessly. The platform supports over 70 different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, allowing merchants to receive payments in their preferred digital currency or convert them into fiat currencies immediately.

CoinGate offers several core services, including a payment gateway that facilitates automated settlements, an invoicing system for businesses, and a point-of-sale (POS) application for brick-and-mortar establishments. The company also provides an API for developers looking to integrate CoinGate's services into their own applications. Additionally, CoinGate features a user-friendly dashboard for merchants to manage transactions, track sales, and access detailed reports.

Who is it for?

CoinGate primarily serves a diverse range of businesses, including eCommerce shops, online services, and brick-and-mortar retailers. It caters to various sectors such as gaming, travel, and digital goods. CoinGate's flexibility makes it suitable for companies of different sizes, from small startups to larger enterprises.

Businesses across Europe and North America are increasingly adopting CoinGate's services, attracted by its straightforward setup process and broad cryptocurrency acceptance. The platform is particularly beneficial for businesses targeting crypto-savvy customers, who prefer to transact using digital currencies rather than traditional fiat options.

Why do businesses choose CoinGate?

Businesses choose CoinGate for several verified strengths and benefits:

• Multicurrency Support: CoinGate accepts numerous cryptocurrencies, offering merchants the ability to transact with a broader audience.
• User-Friendly Interface: The platform is designed to be intuitive, making it easy for merchants to manage their payments and track sales.
• Instant Conversions: CoinGate allows merchants to convert cryptocurrencies to fiat instantly, mitigating volatility risks associated with digital currencies.
• Advanced Security Features: The platform implements robust security measures, ensuring safe transactions for businesses and their customers.
• Developer-Friendly API: For companies that wish to integrate CoinGate services directly into their existing setups, the comprehensive API facilitates seamless implementation.
• Global Reach: CoinGate is accessible to businesses worldwide, making it a viable option for those looking to enter the growing cryptocurrency market.

Businesses using Corefy can simply obtain a MID from CoinGate and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is CoinGate trustworthy?

CoinGate is recognized for its commitment to security and compliance within the cryptocurrency payment processing space. The company operates under regulatory frameworks in various jurisdictions to ensure legal compliance and safeguard user funds. CoinGate employs best practices in data protection, including encryption and secure protocols, to protect transaction data and prevent unauthorized access.

Furthermore, the company is known for adhering to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations, which contribute to its reputation as a reliable payment processor. These compliance measures help build trust among users, ensuring that transactions are conducted safely and in accordance with applicable laws.