Bitcoin payment gateways allow merchants to accept transactions in bitcoin. Today, most of these payment processors facilitate the buying and selling of many other altcoins such as Ethereum, Litecoin, Ripple, and Bitcoin Cash. Let’s talk about the Anatomy of the best crypto payment gateway.
Coinbase – most reliable crypto payment gateway
Coinbase is the largest bitcoin exchange in the United States and also one of the largest cryptocurrency exchanges globally. With such a large number of users, Coinbase has enough resources to develop some great features to make users’ lives easier.
The company is based in the United States and is therefore subject to all US laws regarding currency exchange. For this reason, it is one of the most trusted exchanges, which is very important as the cryptocurrency market remains largely unregulated.
Coinbase can be used as a payment gateway as well as a regular exchange. It facilitates instant currency conversion from Bitcoin to fiat currency without the need for the merchant to request a withdrawal. The exchange offers this service completely free for the first $1 million of trades, then Coinbase charges merchants 1% since then.
Payments will go to the merchant’s bank account in a normal time of 2 to 3 days, making it a great option for businesses of all sizes. Coinbase’s only limitation is that it only works in a limited number of countries worldwide.
CoinsBank is a user-friendly bitcoin payment processor with a good reputation in the industry. It is available for mobile phones via a free to download the app for Android and iOS.
This amazing bitcoin gateway supports most major fiat currencies including USD, GBP and EUR. This app includes instant one-click deposit and withdrawal, which is very convenient for high volume traders.
An added bonus is that Coinsbank allows free transfers to family and friends 24/7. All transactions are executed at live market rates, giving users greater control over their funds. This feature is especially useful for traders who miss out if they are limited to open/close/middle market rates.
Finally, the platform offers the latest in security including a two-factor authentication system that helps secure your wallet. There is a 24 hour customer support system if users need to resolve any issues.
Coingate has the added bonus that it supports around 40 other cryptocurrencies, which means merchants can augment the number of different payment methods they offer just by using the payment gateway. this cryptocurrency.
As if that wasn’t enough to pique your interest, Coingate offers a bunch of different plugins and even allows creating bitcoin payment buttons on any website. Coingate charges 1% for all transactions, which usually take about 1 hour.
Undeniably one of the best payment processors for Bitcoin, AlfaCoins has the unique feature of offering split payments between fiat and crypto. For merchants who want to keep some amount of bitcoins from each transaction to cash out when the price rises, this is a great option as it allows them to hedge their bets without risk. the whole of money.
While AlfaCoins has a slightly lower transaction fee of 0.99%, it does not offer $1 million worth of free transactions like Coinbase. However, that said, AlfaCoins does not charge extra to install a bitcoin payment system and is also free to sign up. Another bonus is that AlfaCoins can be used in any country, except Iran and North Korea. It allows withdrawals in USD or Euro.
This is all about the top 4 Anatomy of the best crypto payment gateway according to a direct survey of SmartOSC – one of the most reliable companies in the field of blockchain. Hope that you got your own choices of favorite payment.
Want to get more information about the Anatomy of the best crypto payment gateway, contact SmartOSC.
Contact us if you have any queries about Blockchain development services.