Difference between revisions of "CoinGate"

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|location=Vilnius, Lithuania
 
|location=Vilnius, Lithuania
 
|industry=[[:Category:Payment Processors | Payment Processor]]
 
|industry=[[:Category:Payment Processors | Payment Processor]]
|founder=[[Dmitrijus Borisenka]]
+
|founder=[[Jonas Gilys]] <br/>[[Dmitrijus Borisenka]] <br/> [[Irmantas Baciulis]]
 
|twitter=CoinGatecom
 
|twitter=CoinGatecom
 
|facebook=coingatecom
 
|facebook=coingatecom
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CoinGate is a Bitcoin payment processor, enabling various businesses to accept Bitcoin payments and receive payouts in Euros, U.S. Dollars or bitcoins, eliminating Bitcoin price volatility risk. Users can also buy bitcoins from CoinGate and sell bitcoins to CoinGate.
+
CoinGate was founded in 2014 and is incorporated in Vilnius, Lithuania. The company is a cryptocurrency payment gateway, enabling various businesses worldwide to accept Bitcoin.  
  
==Merchant Tools==
+
Currently serving over 4,500 business clients and 80,000 registered users, CoinGate offers payouts in Euros for a flat 1% fee, eliminating any risk associated with the price volatility of cryptocurrencies. Their merchants can also choose to keep the revenue in cryptocurrencies, providing numerous ways to make a withdrawal.
Merchants can receive Bitcoin payments via CoinGate using plugins for the most popular e-commerce systems, API, Point of Sale apps, and payment buttons.
+
 
 +
Also, the company provides a platform for traders who wish to buy or sell their digital assets without making any deposits.
 +
 
 +
Even though most CoinGate services are available in most parts of the world (See “Supported Countries” section), the company does not provide merchant services in the U.S.
 +
 
 +
==Brief History==
 +
CoinGate went live in March 2015. The company started to gain attention by the end of February 2017 with the launch of the credit card option for buying Bitcoin. By May 2017, CoinGate processed its first 10,000 payments.  
  
===Plugins===
+
Shortly after, in August, CoinGate went into a partnership with Shapeshift, adding over 50 additional cryptocurrencies to their provided payment options. In December 2017, the company also [https://blog.coingate.com/2017/12/coingate-implements-segwit-addresses/ integrated Segwit] addresses. By that time, the company had processed 100,000 payments in total.
[https://coingate.com/plugins/woocommerce Bitcoin payments plugin for WooCommerce] enables merchants to accept Bitcoin payments in a WooCommerce store.
 
  
[https://coingate.com/plugins/magento Bitcoin payments plugin for Magento] enables merchants to accept Bitcoin payments in a Magento store.
+
In 2018, CoinGate started growing rapidly. In February, [https://news.bitcoin.com/80000-new-merchants-in-europe-gains-option-to-accept-crypto/ CoinGate joined forces with e-commerce platform Prestashop], offering an easy solution for merchants to accept multiple cryptocurrencies using the official plugin.
  
[https://coingate.com/plugins/magento2 Bitcoin payments plugin for Magento2] enables merchants to accept Bitcoin payments in a Magento2 store.
+
However, CoinGate is mostly known for pioneering the use-cases of the Lightning Network technology. In September 2018, CoinGate became one of the first payment processors in the world that [https://www.forbes.com/sites/billybambrough/2018/09/05/bitcoin-adoption-is-getting-a-massive-lightning-network-boost/#6d127321420c introduced Bitcoin Lightning Network payments] to thousands of online vendors. After CoinGate presented their developments at TechCrunch Disrupt event, the Verdict called CoinGate one of “[https://www.verdict.co.uk/techcrunch-disrupt-2018-startups/ future tech giants]”.
  
[https://coingate.com/plugins/opencart Bitcoin payments plugin for OpenCart] enables merchants to accept Bitcoin payments in an OpenCart store.
+
CoinGate started 2019 strong, launching support for new native currencies each week. Since the year began, CoinGate natively integrated [[altcoin]]s.
  
[https://coingate.com/plugins/prestashop Bitcoin payments plugin for PrestaShop] enables merchants to accept Bitcoin payments in a PrestaShop store.
+
By January 2019, the payment gateway implemented ten cryptocurrencies natively. [https://blog.coingate.com/2019/01/year-review-milestones-future/ According to the article on CoinGate blog], CoinGate “processed close to 300,000 merchant payments since January (2018). In comparison, this is nearly three times more than last year”.
  
[https://coingate.com/plugins/oscommerce Bitcoin payments plugin for osCommerce] enables merchants to accept Bitcoin payments in an osCommerce store.
+
==Merchant Tools==
 +
Merchants can receive Bitcoin and Altcoin payments via CoinGate using a [https://blog.coingate.com/2018/11/accept-bitcoin-payments-in-business-why-and-how/ range of tools]: plugins/modules for the most popular e-commerce systems, API, Point of Sale apps, and payment buttons.  
  
[https://coingate.com/plugins/virtuemart Bitcoin payments plugin for VirtueMart] enables merchants to accept Bitcoin payments in a VirtueMart store.
+
Additionally, customers can pay with over 50 Altcoins via Changelly integration, converting any payment to Bitcoin automatically.  
  
[https://coingate.com/plugins/whmcs Bitcoin payments plugin for WHMCS] enables merchants to accept Bitcoin payments in a WHMCS store.
+
===Plugins===
 +
CoinGate offers a range of simple to use e-commerce integrations via [https://coingate.com/plugins/ plugins, modules or extensions] for accepting payments in Bitcoin and Altcoins.
  
 
===API===
 
===API===
[https://developer.coingate.com Application Programming Interface] allows businesses to integrate Bitcoin payments into any online store with more customization.
+
[https://developer.coingate.com Application Programming Interface] allows businesses to integrate cryptocurrency payments into an online store with more customization. Using the CoinGate API, developers can create orders, get orders and list orders, as well as receive payment callbacks and order statuses. API integration is also possible using one of the CoinGate libraries: [https://github.com/coingate/coingate-php CoinGate PHP], [https://github.com/coingate/omnipay-coingate Omnipay], [https://rubygems.org/gems/coingate Ruby Gem]. A fully functional [https://sandbox.coingate.com Sandbox environment] is available for testing using Testnet Bitcoin.
  
 
===Points of Sale===
 
===Points of Sale===
[https://coingate.com/pos Point of Sale] apps for Android, iOS and Bitcoin Point of Sale web app which can be accessed from any internet enabled device directly in a web browser.
+
[https://coingate.com/pos Point of Sale] apps for Android and iOS allow businesses to accept Bitcoin payments on any [https://play.google.com/store/apps/details?id=com.coingate.pos&hl=en Android] or [https://itunes.apple.com/lt/app/bitcoin-pos/id1145472715 iOS] mobile device. Bitcoin Point of Sale web app, which can be accessed from any internet enabled device directly in a web browser, allows businesses to accept Bitcoin payments on any device with a web browser and an internet connection.
  
 
===Payment Buttons===
 
===Payment Buttons===
[https://coingate.com/button Payment buttons] allow businesses to accept Bitcoin donations and other simple payments on any website.
+
CoinGate [https://coingate.com/button Payment buttons] allow businesses to accept Bitcoin donations and other simple payments on any website. All three types of buttons - Fixed price, Slider and List - can be easily customized to include any necessary description, company logo, and cover image.
  
 
==Settlement==
 
==Settlement==
  
Payments received from customers can be paid out as Euros, U.S. Dollars or bitcoins. The payouts can be made to a bank account, a PayPal account, or a Bitcoin address.
+
Payments received from customers can be paid out in Euros to a bank account, AdvCash or Skrill wallet, avoiding the risk of price volatility. Alternatively, merchants can receive payouts in Bitcoin directly to their wallet. CoinGate charges a flat 1% fee for paid orders processed - there are no setup or subscription fees.
  
 
==Trader Tools==
 
==Trader Tools==
  
===Buy Bitcoins===
+
===Buy Bitcoin and Altcoins===
CoinGate enables users to buy bitcoins using bank transfer. After the bank transfer is received by CoinGate, users are able to choose when to commit to their purchase.
+
In addition to their services for merchants, CoinGate offers a platform for traders, allowing them to buy cryptocurrencies without making any deposits. After CoinGate receives the transfer, users can choose when to commit to their purchase (the maximum period is two weeks).
 +
 
 +
A list of all available purchasing options:
 +
*SEPA Bank Transfer: Purchasing option for the Europe region. Allows purchasing most native cryptocurrencies listed on CoinGate.  Registration and verified account are required;
 +
*Direct Bank Transfer: also available in China, Thailand, Indonesia, Malaysia, Vietnam. Allows purchasing most natively integrated cryptocurrencies listed on CoinGate. Registration and verified account are required;
 +
*[https://buy.coingate.com/ Credit and debit cards]: Instant payment option available worldwide. Allows purchasing most natively integrated cryptocurrencies listed on CoinGate. No registration required;
 +
*[https://coingate.com/buy-bitcoin-mobile Mobile balance] ([https://themerkle.com/coingate-lets-users-buy-bitcoin-with-their-mobile-credit/ phone credit]): Payment option available worldwide. Registration and verified account required;
 +
*[https://coingate.com/buy/skrill Skrill]: Instant payment option for Skrill users. No verification and registration are required as long as you are verified on Skrill.
 +
*[https://coingate.com/buy/neteller Neteller]: Instant payment option for Neteller users. No verification and registration are required as long as you are verified on Neteller.
 +
*QQPay: Payment option for the Asia region. Allows purchasing most natively integrated cryptocurrencies listed on CoinGate.
 +
 
 +
For customers that use instant payment options, a quick KYC procedure is applied to ensure that both parties remain fully compliant with international laws.
 +
 
 +
===Sell Bitcoin and Altcoins===
 +
Customers are also able to sell cryptocurrencies on CoinGate using numerous methods without the need to deposit funds first.
 +
The price of cryptocurrencies is locked before sending to CoinGate, guaranteeing users the amount of EUR they shall receive to their bank account, Skrill wallet or AdvCash platform.
 +
 
 +
==Fees==
 +
 
 +
===Merchant fees===
 +
For merchants, CoinGate charges 1% flat fee for payment processing. There are no setup or recurring fees, and no fees charged to shoppers. The service includes free SEPA transfers and Bitcoin payouts, as well as customer support & reporting dashboard.
 +
 
 +
CoinGate also provides payment infrastructure for enterprise-grade projects and PSPs, meaning that particular clients may get a dedicated account manager, priority customer support and volume-based discounts.
 +
 
 +
===Trader fees===
 +
CoinGate applies 3% buying and selling fee without depositing funds. Users can buy or sell directly to or from your wallet, also exchange fiat to crypto and vice versa.
 +
 
 +
===Withdrawals===
 +
Euro withdrawals using SEPA bank transfer cost 0%. Still, customers might have to pay fees applied by a bank, depending on its services.
 +
 
 +
Withdrawals to Bitcoin are free of charge. However, customers will have to pay the network’s transaction fee.
  
===Sell Bitcoins===
+
Fee for Skrill and AdvCash withdrawals to Euros or U.S. Dollars is up to 1%. Customers will also have to pay a transaction fee.
The price of bitcoins can be locked before sending bitcoins to CoinGate, which enables users to receive a guaranteed amount of EUR or USD to their bank or PayPal account.
+
 
 +
==Affiliate Program==
 +
CoinGate provides referral links that allow receiving 1% of the fees paid by traders who registered using your link. Referred customers will pay 0.5-1% lower fees than the usual 3%. Referrers will get a percentage of total payments that the referred customer makes.
 +
 
 +
==Supported Countries==
 +
CoinGate provides a list of supported currencies [https://coingate.com/countries here].
 +
 
 +
==Blog==
 +
All of the major CoinGate announcements are published on the official CoinGate blog. The blog also often features merchants, as well as shares the insights about the cryptocurrency industry.
 +
 
 +
==Merchant List==
 +
CoinGate does not have an official merchant directory. However, the company often features their vendors on the official blog and social media channels. Here is a list of articles that feature CoinGate merchants:
 +
 
 +
*[https://blog.coingate.com/2018/07/lightning-network-payments-launched-pilot/ We’ve Launched Lightning Network Payments for 100+ Merchants]
 +
*[https://blog.coingate.com/2019/02/support-libreoffice-software-crypto/ Support open source software LibreOffice with CoinGate]
 +
*[https://blog.coingate.com/2019/01/buy-video-games-bitcoin-altcoins/ Buy video games with Bitcoin (and altcoins) for PC and consoles]
 +
*[https://blog.coingate.com/2019/01/web-hosting-accept-bitcoin-crypto/ Web hosting services that accept Bitcoin and other cryptocurrencies]
 +
*[https://blog.coingate.com/2018/12/coingate-partners-with-sirin-labs-release-finney/ CoinGate partners with SIRIN LABS upon the release of FINNEY™]
 +
*[https://blog.coingate.com/2018/12/crypto-design-watches-chronoswiss/ Chronoswiss launches crypto-design watches]
 +
*[https://blog.coingate.com/2018/11/black-friday-bitcoin-promo/ Black Friday weekend promo: pay with crypto and win!]
 +
 
 +
==Information For Press==
 +
CoinGate has a webpage with all the necessary information for media journalists, including the company’s logo, media contacts and trademark guidelines. You can find it [https://coingate.com/press here].
  
 
==External Links==
 
==External Links==
[https://coingate.com CoinGate.com] website
+
*[https://coingate.com CoinGate.com] website
 +
*[https://blog.coingate.com Official Blog]
 +
*[https://twitter.com/CoinGatecom Twitter]
 +
*[https://www.facebook.com/coingatecom/ Facebook]
 +
*[https://www.linkedin.com/company/coingate LinkedIn]
 +
*[https://www.instagram.com/coingatecom/ Instagram]
 +
*[https://developer.coingate.com CoinGate Developer API]
 +
*[http://bitcoinchaser.com/coingate Interview with CoinGate founder Dmitrijus Borisenka]
 +
 
 +
==References==
 +
*[https://blog.coingate.com/2017/12/coingate-implements-segwit-addresses/ CoinGate implements SegWit addresses]
 +
*[https://news.bitcoin.com/80000-new-merchants-in-europe-gains-option-to-accept-crypto/ 80,000 New Merchants in Europe Gain Option to Accept Crypto]
 +
*[https://www.forbes.com/sites/billybambrough/2018/09/05/bitcoin-adoption-is-getting-a-massive-lightning-network-boost/#6d127321420c Bitcoin Adoption Is Getting A Massive Lightning Network Boost]
 +
*[https://www.verdict.co.uk/techcrunch-disrupt-2018-startups/ TechCrunch Disrupt 2018: Could these startups be the tech giants of the future?]
 +
*[https://blog.coingate.com/2019/01/year-review-milestones-future/ A year in review: achievements, milestones and the future]
 +
*[https://coingate.com/accept-altcoins A full list of accepted cryptocurrencies]
 +
*[https://blog.coingate.com/2018/11/accept-bitcoin-payments-in-business-why-and-how/ Accept Bitcoin payments in your business: why and how]
 +
*[https://coingate.com/plugins Payment plugins and modules for e-commerce platforms]
 +
*[https://developer.coingate.com CoinGate Application Programming Interface (API)]
 +
*[https://github.com/coingate/coingate-php CoinGate PHP GitHub]
 +
*[https://github.com/coingate/omnipay-coingate Omnipay GitHub]
 +
*[https://rubygems.org/gems/coingate Ruby Gem GitHub]
 +
*[https://sandbox.coingate.com Sandbox environment]
 +
*[https://coingate.com/pos Point of Sale]
 +
*[https://coingate.com/button Payment buttons]
 +
*[https://buy.coingate.com/ Buy cryptocurrencies with Credit Card without registration]
 +
*[https://coingate.com/buy-bitcoin-mobile Buy crypto with Phone Credit]
 +
*[https://themerkle.com/coingate-lets-users-buy-bitcoin-with-their-mobile-credit/ CoinGate Lets Users Buy Bitcoin With Their Mobile Credit]
 +
*[https://coingate.com/buy/skrill Buy cryptocurrencies with Skrill]
 +
*[https://coingate.com/buy/neteller Buy cryptocurrencies with Neteller]
 +
*[https://coingate.com/countries CoinGate supported countries]
 +
*[https://coingate.com/press Information for press]
 +
 
 +
 
 +
 
  
 
[[Category:Companies]]
 
[[Category:Companies]]

Latest revision as of 13:05, 28 July 2020

CoinGate
Coingate.png
Industry Payment Processor
HeadquartersVilnius, Lithuania
Founder(s)Jonas Gilys
Dmitrijus Borisenka
Irmantas Baciulis
Websitehttps://coingate.com
 Twitter  Facebook 

CoinGate was founded in 2014 and is incorporated in Vilnius, Lithuania. The company is a cryptocurrency payment gateway, enabling various businesses worldwide to accept Bitcoin.

Currently serving over 4,500 business clients and 80,000 registered users, CoinGate offers payouts in Euros for a flat 1% fee, eliminating any risk associated with the price volatility of cryptocurrencies. Their merchants can also choose to keep the revenue in cryptocurrencies, providing numerous ways to make a withdrawal.

Also, the company provides a platform for traders who wish to buy or sell their digital assets without making any deposits.

Even though most CoinGate services are available in most parts of the world (See “Supported Countries” section), the company does not provide merchant services in the U.S.

Brief History

CoinGate went live in March 2015. The company started to gain attention by the end of February 2017 with the launch of the credit card option for buying Bitcoin. By May 2017, CoinGate processed its first 10,000 payments.

Shortly after, in August, CoinGate went into a partnership with Shapeshift, adding over 50 additional cryptocurrencies to their provided payment options. In December 2017, the company also integrated Segwit addresses. By that time, the company had processed 100,000 payments in total.

In 2018, CoinGate started growing rapidly. In February, CoinGate joined forces with e-commerce platform Prestashop, offering an easy solution for merchants to accept multiple cryptocurrencies using the official plugin.

However, CoinGate is mostly known for pioneering the use-cases of the Lightning Network technology. In September 2018, CoinGate became one of the first payment processors in the world that introduced Bitcoin Lightning Network payments to thousands of online vendors. After CoinGate presented their developments at TechCrunch Disrupt event, the Verdict called CoinGate one of “future tech giants”.

CoinGate started 2019 strong, launching support for new native currencies each week. Since the year began, CoinGate natively integrated altcoins.

By January 2019, the payment gateway implemented ten cryptocurrencies natively. According to the article on CoinGate blog, CoinGate “processed close to 300,000 merchant payments since January (2018). In comparison, this is nearly three times more than last year”.

Merchant Tools

Merchants can receive Bitcoin and Altcoin payments via CoinGate using a range of tools: plugins/modules for the most popular e-commerce systems, API, Point of Sale apps, and payment buttons.

Additionally, customers can pay with over 50 Altcoins via Changelly integration, converting any payment to Bitcoin automatically.

Plugins

CoinGate offers a range of simple to use e-commerce integrations via plugins, modules or extensions for accepting payments in Bitcoin and Altcoins.

API

Application Programming Interface allows businesses to integrate cryptocurrency payments into an online store with more customization. Using the CoinGate API, developers can create orders, get orders and list orders, as well as receive payment callbacks and order statuses. API integration is also possible using one of the CoinGate libraries: CoinGate PHP, Omnipay, Ruby Gem. A fully functional Sandbox environment is available for testing using Testnet Bitcoin.

Points of Sale

Point of Sale apps for Android and iOS allow businesses to accept Bitcoin payments on any Android or iOS mobile device. Bitcoin Point of Sale web app, which can be accessed from any internet enabled device directly in a web browser, allows businesses to accept Bitcoin payments on any device with a web browser and an internet connection.

Payment Buttons

CoinGate Payment buttons allow businesses to accept Bitcoin donations and other simple payments on any website. All three types of buttons - Fixed price, Slider and List - can be easily customized to include any necessary description, company logo, and cover image.

Settlement

Payments received from customers can be paid out in Euros to a bank account, AdvCash or Skrill wallet, avoiding the risk of price volatility. Alternatively, merchants can receive payouts in Bitcoin directly to their wallet. CoinGate charges a flat 1% fee for paid orders processed - there are no setup or subscription fees.

Trader Tools

Buy Bitcoin and Altcoins

In addition to their services for merchants, CoinGate offers a platform for traders, allowing them to buy cryptocurrencies without making any deposits. After CoinGate receives the transfer, users can choose when to commit to their purchase (the maximum period is two weeks).

A list of all available purchasing options:

  • SEPA Bank Transfer: Purchasing option for the Europe region. Allows purchasing most native cryptocurrencies listed on CoinGate. Registration and verified account are required;
  • Direct Bank Transfer: also available in China, Thailand, Indonesia, Malaysia, Vietnam. Allows purchasing most natively integrated cryptocurrencies listed on CoinGate. Registration and verified account are required;
  • Credit and debit cards: Instant payment option available worldwide. Allows purchasing most natively integrated cryptocurrencies listed on CoinGate. No registration required;
  • Mobile balance (phone credit): Payment option available worldwide. Registration and verified account required;
  • Skrill: Instant payment option for Skrill users. No verification and registration are required as long as you are verified on Skrill.
  • Neteller: Instant payment option for Neteller users. No verification and registration are required as long as you are verified on Neteller.
  • QQPay: Payment option for the Asia region. Allows purchasing most natively integrated cryptocurrencies listed on CoinGate.

For customers that use instant payment options, a quick KYC procedure is applied to ensure that both parties remain fully compliant with international laws.

Sell Bitcoin and Altcoins

Customers are also able to sell cryptocurrencies on CoinGate using numerous methods without the need to deposit funds first. The price of cryptocurrencies is locked before sending to CoinGate, guaranteeing users the amount of EUR they shall receive to their bank account, Skrill wallet or AdvCash platform.

Fees

Merchant fees

For merchants, CoinGate charges 1% flat fee for payment processing. There are no setup or recurring fees, and no fees charged to shoppers. The service includes free SEPA transfers and Bitcoin payouts, as well as customer support & reporting dashboard.

CoinGate also provides payment infrastructure for enterprise-grade projects and PSPs, meaning that particular clients may get a dedicated account manager, priority customer support and volume-based discounts.

Trader fees

CoinGate applies 3% buying and selling fee without depositing funds. Users can buy or sell directly to or from your wallet, also exchange fiat to crypto and vice versa.

Withdrawals

Euro withdrawals using SEPA bank transfer cost 0%. Still, customers might have to pay fees applied by a bank, depending on its services.

Withdrawals to Bitcoin are free of charge. However, customers will have to pay the network’s transaction fee.

Fee for Skrill and AdvCash withdrawals to Euros or U.S. Dollars is up to 1%. Customers will also have to pay a transaction fee.

Affiliate Program

CoinGate provides referral links that allow receiving 1% of the fees paid by traders who registered using your link. Referred customers will pay 0.5-1% lower fees than the usual 3%. Referrers will get a percentage of total payments that the referred customer makes.

Supported Countries

CoinGate provides a list of supported currencies here.

Blog

All of the major CoinGate announcements are published on the official CoinGate blog. The blog also often features merchants, as well as shares the insights about the cryptocurrency industry.

Merchant List

CoinGate does not have an official merchant directory. However, the company often features their vendors on the official blog and social media channels. Here is a list of articles that feature CoinGate merchants:

Information For Press

CoinGate has a webpage with all the necessary information for media journalists, including the company’s logo, media contacts and trademark guidelines. You can find it here.

External Links

References