Our team evaluated seven of the best crypto payment gateways and how they compete. We analyze their best features, pros and cons, and key specs.
Top Crypto Payment Gateways
1) Binance Pay – Best for Beginners and Security
Binance Pay is a user-to-user crypto payment that is contactless, borderless, and secure. It has one of the best crypto payment gateway functionalities, allowing merchants to pay, send and accept online payments with no transaction fees. It offers direct merchant, sub-merchant, and channel partner business solutions.
Features
Binance Pay has the support of over 50 cryptocurrencies and stablecoins. The Platform also offers payment APIs, thus allowing merchants to have complete control of their checkout experience. Binance Pay offers zero gas fees to allow sending crypto to friends and family. It allows users to set their payment preferences.
Key Specs:
Supported Cryptocurrency Types: BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, DOT, EOS, ETC, FIL, HBAR, LINK, LTC, MATIC, USDT, FRONT, STRAX, ONE, etc. Ecommerce Plugins: Binance WordPress Plugins Supported Fiat Currencies: Russian ruble (RUB)/Australian Dollar (AUD)/ Brazilian real (BRL) How to Set up Binance Payment Gateway Step 1) Register your Binance account first to receive crypto payments.
Step 2) Complete your verification through the registered email address.
Step 3) Activate Binance Pay and send crypto to your friends through Binance Pay, even with a QR code. Visit Binance »
2) Crypto.com – Best for Multiple Cryptocurrencies Payment Options
Crypto.com cryptocurrency payment processors allow merchants to access the global crypto economy. The payment gateway allows merchants to send invoices quickly and manage crypto payments using a powerful dashboard. It allows users to secure their funds in a non-custodial crypto app.
Features:
Users can accept and pay for over 250 cryptocurrencies. This Crypto wallet has a defense-in-depth security strategy ensuring top-notch safety for users and easy backups. Offers generous cashback and other rewards to users. You can manage multiple wallets on the go, having instant access to all their assets.
Key Specs:
Supported Cryptocurrency Types: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Polkadot (DOT Ecommerce Plugins: Cypto.com Pay Checkout plugin for nopCommerce Supported Fiat Currencies: AUD/CAD/EUR/GBP/USD/USDC/BRL How to set up Crypto.com Payment Gateway Step 1) You must visit the Crypto.com website and click the Signup button. Step 2) Follow the on-screen instructions, providing the required information. Step 3) Your email address confirms your identity, then click on the continue button, which allows you to create a password. Step 4) Verify your phone number and then submit and become a registered member in the exchange and can be able to accept payment. Visit Crypto.com »
3) Coinbase Commerce – Best Payment Gateway for Beginners
Coinbase Commerce is the world’s leading bitcoin payment gateway and rates among the best crypto payment gateways. It supports many options of cryptocurrencies for payments, an advantage for merchants. Through the bitcoin payment users can accept bitcoin payments. Merchants can receive crypto and convert it into fiat to ease loss due to price volatility. Coinbase is only available in a few countries.
Features:
The Coinbase platform has a beginner-friendly interface Coinbase Users have access to low fees It offers top-notch security with the ability to store funds in a vault with delayed withdrawals
Key Specs:
Supported Cryptocurrency Types: Bitcoin (BTC), Bitcoin Cash (BCH), DAI, Ethereum (ETH), Dogecoin (DOGE), USD Coin (USDC), Litecoin (LTC), Tether USD (USDT), ApeCoin (APE) and Shiba Inu Ecommerce Plugins: Coinbase Commerce for WooCommerce Supported Local Fiat Currency: USD/British Pounds Sterling (GBP)/ EUR How to Set up Coinbase Payment Processor Step 1) Visit the Coinbase Commerce website and sign up using your email address. Create a password and agree with the terms and policy with the email address. Click ‘Create Account.” Step 2) Verify your identity by verifying your email and then continue to the dashboard. Step 3) Follow the instructions to create the two-factor verification, which leads you to write a 12-word seed. You should be done and be able to see your Coinbase Commerce dashboard and start accepting bitcoin. Visit Coinbase »
4) NowPayments – Best for Low Fees
NowPayments comes as a complement to the various fees set by other best cryptocurrency payment gateways. The Platform currently gains popularity by accepting Bitcoin, Ethereum, and over 100 other cryptos. It provides merchants additional cryptocurrency payment tools, such as API, invoices, donation widgets, buttons, and CMS plugins.
Features:
NowPayments lets users accept payments in over 75 cryptocurrencies. It gives merchants several tools, including API, invoices, and widgets. The Platform also offers non-custodial solutions for users. Offers the lowest fees on the market, at 0.5% and lower. The Platform has advanced support and offers a personal account manager to resolve issues the whole way through.
Key Specs:
Supported Cryptocurrency Types: BTC, ETH, XRP, USDT, LTC, BCH, DOGE, XNO, XMR, DASH, VET, UNI, SOL, ADA, SHIB Ecommerce Plugins: WooCommerce, Zencart, PretaShop, Opencart, WHMCS, Magento 2 Supported Fiat Money: USD/British Pounds Sterling (GBP)/ EUR How to Set up Now Payments Payment Gateway Step 1) Go to the website and click on the “sign up” button in the upper-right corner of the main page. Step 2) Fill in the form and set a safe password using upper and lower-case letters and numbers. Step 3) The account creation is complete, requiring you to verify your identity in the email you provide. After confirming, your registration is now done to the NowPayments platform. Link: https://nowpayments.io/
5) BitPay – Best for Bitcoin Payments.
BitPay is the earliest Platform for trading and accepting cryptocurrency payments. It reduces the chances of price volatility. BitPay allows users to receive funds directly from their bank accounts. The platform also offers customizable security features. Online businesses accept cryptocurrency payments through eCommerce sites, in-person, and invoices through email.
Features:
Bitpay offers direct bank deposits. Two-factor verification features provide security for the user. The Platform has a cryptographically secure API, blocking all hacking attempts. Bitpay also includes email, mobile, and server payment notifications.
Key Specs:
Supported Cryptocurrency Types: BTC/BCH/ETH/WBTC/APE/LTC/DOGE/SHIB/EUROC/GUSD/USDC/USDP/DAI/BUSD Ecommerce Plugins: WooCommerce, Shopify, WHMCS, Opnecart, Zencart Supported Fiat Currencies: US Dollar, Euro, Sterling Pound, Canadian Dollar, Chinese Yuan How to Set up Bitpay Payment Gateway Step 1) On the website, on the right-hand side, click on the button “Get Started,” which will then direct you to the signup page.
Step 2) Choose the business option that allows you to accept and pay crypto to anyone.
Step 3) Fill in the required form and accept the terms of conditions. You are now set to accept payments. Link: https://bitpay.com/
6) CoinPayments – Best for Global Crypto Payments
CoinPayments has been operating since 2013 as one of the most preferred payment gateways, aligning with a broader number of cryptocurrencies. It is one of the best crypto payments gateway, operational in over 200 countries, making it the best for global crypto payments. It serves as a digital payment platform more than a wallet.
Features
The Platform is a multi-coin wallet, in that one wallet can hold over 2000 coins. Crypto payments allow users to accept crypto payments through APIs and mobile POS systems. The Platform has top-notch security through its two-factor authentication (2FA). Users can buy crypto within the app by using a debit or credit card.
Key Specs:
Supported Cryptocurrency Types: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), and Tether USD (USDT Ecommerce Plugins: Shopify, WooCommerce, Magneto, and Opencart. Supported Fiat Currencies: AUD/CAD/EUR/GBP/USD/USDC/BRL How to set up CoinPayments Gateway Step 1) Head to the CoinPayments website and click “Sign Up.”
Step 2) Fill in the form, filling in your name, username, and password.
Step 3) You will then receive an email that helps verify your email address. Step 4) Set up the two-factor- authentication. Step 5) Create a merchant account to access your multi-currency wallet and start receiving crypto. Link: https://www.coinpayments.net
7) DePay – Best Payment Gateway without Signup
DePay foreruns Web3 payments with the ability of Decentralized Finance (DeFi). Therefore, it leads to the massive adoption of blockchain-based payments. DePay offers a different perspective on payment and receiving cryptocurrency. It is always a concern for users to access a platform with low or no fees.
Features
No sign-up is required for the Platform to work, as one can quickly integrate DePay. DePay also allows peer-to-peer payment, so no one else can hold funds unless it’s the user. The Platform also supports leading blockchains and wallets. DePay offers a 1% transaction fee.
Key Specs:
Supported Cryptocurrency Types: BTC/BCH/ETH/WBTC/APE/LTC/DOGE/SHIB/EUROC/GUSD/USDC/USDP/DAI/BUSD Ecommerce Plugins: WordPress Plugins Supported Fiat Currencies: USD, CAD, EUR, PHP, INR, IDR How to Set up DePay Payment Gateway Step 1) You must have a Shopify account, which helps integrate DePay. Step 2) The information on Shopify is used to create an account on DePay without the likelihood of signing up Link: https://depay.com/
FAQs
❓ What are the best cryptocurrency payment gateways?
Here are the Best Crypto Payment Gateways:
BinancePay Crypto.com Coinbase Commerce NowPayments BitPay
⚡ What are the Advantages of using Crypto Payment Gateway services?
Crypto payment gateways offer a few unique advantages to the customer and the merchant. Following are some benefits of using crypto payment gateways:
There are no Chargebacks: There are no refunds or chargebacks, which increases the security of transactions. Anonymous Payments: This boosts the security of individuals undertaking digital transactions. Offers Quicker Transactions: Paying with crypto in payment gateways makes the process rapid, as there are no intermediate third parties in the transactions. Works Well with all operating systems: Crypto payment gateways, as is with all Decentralized payment gateways, work well with Android, iOS, or even windows, making it easier for its integration.
🏅 What is the risk of using Crypto Payment Gateways?
Here are some major risks of using Crypto Payment Gateways:
The platforms may be prone to malware, making wallets susceptible to insecurities. Payment gateways have a wider attack surface. Here, if an employee is compromised, it exposes the entire exchange. Cryptocurrency gateways are open to software vulnerabilities hidden in their APIs or integrations.
👉 What should you look for in a cryptocurrency payment gateway when transacting?
Here are some essential factors to consider when choosing a suitable payment processor include:
Consider if the payment gateway is cost-effective: An essential factor is the total cost an individual will incur while setting up the payment processor. Types of cards allowed: The cards would coincide with what an individual has. Many payment gateways often use Visa, Mastercard, and Amex credit cards. The holding time of the payment gateways: The oney in transactions is held for several days before settling into a person’s account. The number of currencies supported: When it is engaged in international businesses, the payment gateway should be able to handle different currencies from different countries. The security of the payment gateway: The security of the payment gateway should be a high priority since one store sensitive financial information online. The limits of the payment gateway: One should choose a payment gateway within their transaction limit. Able to integrate with other systems: The payment gateway is worth considering if it can connect to the different invoicing and accounting software to keep a record of transactions.
