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Because cryptocurrencies are gaining popularity in a growing number of industries, business owners may be interested in learning how to locate a crypto payment gateway or how to set up a cryptocurrency payment system.
When it comes to providing merchants with a simple process of integrating cryptocurrency payments without dealing with the technical details of blockchain technology, crypto payment gateways are extremely useful tools. These gateways provide merchants with an easy way to accept cryptocurrency payments. However, because of the dependence on a third-party centralized provider, it is of the utmost importance to select a cryptocurrency payment gateway provider with a good reputation and can be relied upon.
Let's explore some of the most reputable crypto payment gateways that are currently accessible on the market. And look at their benefits and the options they provide to their consumers so that you may select the most suitable alternative from those now offered on the market.
5 best crypto payment gateways
1. Coinbase
Coinbase is one of the crypto exchanges in the world. With so many clients, Coinbase can develop incredible services that will make customers' operations more efficient.
Coinbase may function as both a payment gateway and a standard exchange. This allows for immediate currency conversion from cryptocurrency to fiat without the merchant having to request a withdrawal.
Payments are received in the merchant's bank account within 2 to 3 days, making it an excellent choice for companies of any size. The sole disadvantage of Coinbase is that it is only available in a few countries all over the world.
2. CoinsBank
CoinsBank is a cryptocurrency payment gateway that is accessible on mobile devices via free Android and iOS applications. This excellent crypto gateway accepts the majority of main fiat currencies.
Coinsbank also offers free currency transfers 24 hours a day, seven days a week. All transactions are completed at current market prices, offering users greater financial control.
Finally, the platform provides cutting-edge security measures, such as a two-factor authentication mechanism that helps keep your money secure. If consumers have any problems, they may contact customer service.
3. CryptoProcessing by CoinsPaid
Crypto payment gateway CryptoProcessing by CoinsPaid enables online companies to make simple, rapid, and convenient payments to customers and accept crypto payments. CryptoProcessing.com accepts over 20 different digital currencies, including Bitcoin, Ethereum, Tether, Dogecoin, and Tron. In terms of fiat currencies, the service accepts over 40 top assets via SEPA and SWIFT, including USD and EUR.
Since digital assets are sometimes seen as a grey regulatory area, CoinsPaid's CryptoProcessing.com is an EU-licensed crypto service that follows to all European AML standards to assure the transparency and security of all activities. Furthermore, the platform employs a blockchain risk-scoring methodology to detect and remove fraudulent transactions.
Another advantage is that there are no set-up or monthly costs, and the company only charges a 0.8% transaction commission. Furthermore, by using the platform's native coin or participating in the Ambassador Program, this percent may be decreased even further.
4. AlfaCoins
AlfaCoins is unique because it allows payments to be divided across fiat and cryptocurrencies. This is a terrific choice for merchants that wish to save some coins from each transaction to gain on growing prices since it allows them to hedge their bets without endangering the total amount.
AlfaCoins charges no extra costs for establishing a crypto payment system and offers a free subscription. Another advantage of AlfaCoins is that they may be used in any region except Iran and North Korea. You can withdraw cash in either US dollars or euros.
5. GoCoin
Because it provides a user interface (API) that is uncomplicated and easy to understand, GoCoin is extremely well-liked by software developers all around the world.
The customer support offered by this crypto payment gateway is highly praised by its users. Additionally, payments can be requested in US Dollars, and a one percent transaction fee is charged regardless of the size of the transaction. It is supported in almost all countries in the world, except a few, which enables merchants in any country to use it.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.