CoinPayments Cryptocurrency Wallet Complete Guide 2024

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Coinpayments is a digital currency storage and cryptocurrency wallet software, which enables various merchants, businesses and professionals to securely store, convert, receive, send and exchange cryptocurrency.

coinpayments company was established in 2013 in Vancouver Canada. Which aims to target potential investors and cryptocurrency traders and provide them with a systematic platform for payments.

coinpayments is one of the largest, popular and worldwide payment gateway for cryptocurrency exchange. Which supports more than 2,350 types of crypto coins on its platform.

Overall coinpayments is a reliable digital wallet to store, receive and send your crypto holdings. Which lets you send and receive cryptocurrencies with a 0.5% fee.

If you want to know more about coinpayments then stick with this article from beginning to end, what is coinpayments, how to use coinpayments, coinpayments pros & cons, coinpayments app, is coinpayments legit or scam, coinpayments fees, supported coins , features etc. important information has been provided.

In today’s time, there are many online wallets to store and transact crypto in digital currency storage. But with such a huge variety in the crypto market, it can be difficult for us to choose the right one. Because everyone has different needs,

So it is not necessary that the same wallet will be suitable for everyone. But coinpayments is a great option for all your needs, providing users with a great access to store, send and receive cryptocurrency payments with a multi-currency crypto wallet.

Wallet Name:	Coinpayments Wallet
Wallet Type:	Hot Wallet
Accepted Cryptocurrencies:	2350+
Supported Countries:	200+
Mobile App:	Yes
Official Website:	coinpayment.net
Overall Rating:	4/5 ⭐⭐⭐⭐⭐

What is Coinpayments

coinpayments is an online cryptocurrency payment wallet and gateway. Which is designed to help merchants, businesses and professionals to exchange, send or receive cryptocurrency. Which allows the cryptocurrency to be locked and secured as per the wishes of the customers.

coinpayments is one of the world’s most popular and trusted crypto payment service, supporting 2,350+ cryptocurrencies including bitcoin, litecoin, dogecoin, dash, BNB coin, busd token and binance usd. In which it accepts payments in more than 175 other cryptocurrencies including bitcoin and ethereum payments.

coinpayments has established itself as a worldwide leader with secure, fast and easy solutions. Which being the largest crypto payment processor has introduced a vast spectrum of payments in the crypto sector for its users. Through which every merchant can use it for crypto payments.

Additionally coinpayments also includes a digital asset conversion tool that allows various merchants to convert their digital assets securely into their digital wallets quickly and efficiently without having to transfer them to exchanges.

Moreover coinpayments also works with all major e-commerce platforms in the world like Shopify, OpenCart, Ecwid, Hikashop, Magento, osCommerce, PrestaShop and TomatoCart etc. Through which it accepts many crypto payments.

Thus coinpayments is serving more than 1000,000 users in more than 200 countries around the world and provides a comprehensive platform to meet all the essential needs of the users.

About Coinpayments Info:

Company	CoinPayments
Name:	Coinpayments, Inc.
Founded:	2013
Founder:	Alex Alexandrov
Service:	Wallet services and other virtual asset services
Location:	USA, UK, Canada

How does Coinpayments work?

Coinpayments primarily works as a crypto wallet and gateway for payments, transactions and exchange of cryptocurrencies. Which supports fiat currency settlement for US or UK based traders. In addition coinpayments also works with the world’s leading e-commerce platforms. Due to which users get advanced technical facilities for crypto.

coinpayments is a comprehensive digital asset payment solution as well as a robust online crypto wallet. Which targets many investors and cryptocurrency traders on an advanced technology for crypto maintenance. It is one of the best cryptocurrency wallets for managing multiple cryptocurrencies.

How to Use Coinpayments Cryptocurrency Wallet

Using Coinpayments is easy. It provides a simple interface for all the users newbies and professionals. You need to set up a coinpayments account to enjoy all its features. Here are the step-by-step process of using coinpayments –

Set Up Account: To use coinpayments, first you need to create an account by ‘sign up’ in this wallet, for that do this

1. First of all go to the official website of coinpayments
2. And then click on sign up, you will directly reach its sign up page
3. After that you enter your name, address, username, password etc.
4. And then after creating account, you will receive a confirmation email to confirm your email address, verify it
5. After that your account on coinpayments will be created successfully.

Configure Merchant Account: Once you have created the account, after that you log in using the credentials, after logging in configure your Merchant ID, IPN and other fields to send and receive payments. For this you have to do this work.

1. First open your account and go to settings.
2. Then click on “basic settings” and copy the merchant ID to use.
3. Once you have copied the Merchant ID, then in the “public info” tab you will need to enter your email ID, full name and URL to send the payment.
4. Then go to the “login & security” tab and change the 2FA method via email to Google Authenticator or any other convenient option.
5. Next, in the “Merchant settings” tab, you will need to enter your IPN secret code and save or copy it somewhere for later use.
6. Note, you have to remember to select the base currency and also choose which email notifications you would like to receive.

Accept Crypto: Once you have completed the process, then you should focus on customizing the coin settings. Because this ensures that you will receive the same crypto coin that you want to accept as payment. For this you have to do this work.

1. First of all go to your account tab and click on “coin acceptance” settings.
2. After that a box will appear against each cryptocurrency, check them to accept them and tab on “Update Coin Preferences”.
3. The options you select will determine which crypto coin you wish to receive as payment.

This is the minimum and most important settings which must be implemented in every cryptocurrency wallet for any crypto payment. The rest of the options can be adjusted later, so leave them as is.

Coinpayments Fees

If we talk about the fees of coinpayments, then tell you that this is one of the cheapest crypto wallets in the world. Which adds a significant value to various businesses and merchants doing high volume transactions. Because it charges a flat transaction fee of 0.5% for most of the supported cryptocurrencies.

Which makes it a cost-effective solution especially for small traders and businesses. These fees are a miniscule amount for merchants and users when you take into account all the other features and speed of each transaction.

Plus all the services associated with coinpayments wallet and any for the first $15,000/- you keep in your wallet are free. But the platform also charges its customers an additional service fee for using various services on the wallet depending on the transaction rates and the respective crypto coins chosen by you.

Coinpayments Wallet Pros & Cons

Pros:

• Supports 2,350+ cryptocurrencies
• Platform wallet service is provided free of charge
• Serves over a million users.
• Charges low transaction fees
• There are no fees for the first $15,000 per month
• processes transactions faster
• Enables various merchants to accept crypto payments
• Accepts bitcoin payments in addition to cryptocurrencies
• Allows multiple accounts to be linked together
• App is also compatible for mobile devices
• It has safes to provide extra security
• And includes many tools for different services.

Cons:

• The wallet’s code is not open-source
• You have to trust the company with your funds
• Not open to the public for wide review

Is Coinpayments Legit or Scam?

Yes, of course coinpayments is a legit platform and there is no scam in it. Because coinpayments appears to be legit according to the many positive reviews and allows various users to securely make cryptocurrency payments and store them in a secure wallet.

coinpayments is one of the most secure cryptocurrency wallet that uses a latest technological security mechanism for the safety of the customers. However, a security breach with it in 2017 resulted in the loss of many users. But at present it has improved its security to a great extent.

Features of Coinpayments Cryptocurrency Wallet

If Coinpayments prides itself the most, it is on its features, which provide users with a variety of features and tools. Let us know step-by-step all its major features one by one.

• Multi-Coin Wallet: Coinpayments supports over 2350 crypto currencies on its platform including Bitcoin (BTC), Ethereum (ETH), Velas (VLS) and Litecoin (LTC) giving users a huge list to choose from Is.
• Auto Coin Conversion: The platform also provides users with an Auto Coin Conversion feature to automatically run several features that allow you to convert coins into different denominations and save you a lot of time.
• $PayByName purchases: PayByName purchases on the Platform is a feature that enables the user to send or receive various payments without having to copy and paste the wallet address. It allows you to execute transactions using the names you want to send or receive payments.
• Shopping Cart Plug-ins: The platform also supports shopping cart plugins for its customers. Which helps customers to integrate with existing plugins on their site without uninstalling them.
• FIAT SETTLEMENT: The platform also provides “FIAT SETTLEMENT” facility for FIAT currency settlement to many merchants. Do note that this is only for US or UK based merchants through which users can settle or link those settlements directly to their bank account.
• POS (Point of Sale): Customers that most cryptocurrency wallets cannot offer POS facility. For those customers coinpayments also offers Point of Sale feature on its platform, it is designed to be a simple way of accepting personal payments.
• Airdrops: The platform also supports depositing airdropped coins. However, it is credited to the user’s account instead of the wallet. Things get troublesome when users claim those airdropped coins to their personal offline wallets.
• Vault Service: Coinpayments allows users to keep coins securely stored in cold wallets using a vault service. But this service can save and store coins only for a specified period of time.
• ICO: coinpayments is also a platform that periodically serves as an ICO hosting platform and also allows users to deal with upcoming ICOs like escrow.

Benefits of Coinpayments

Coinpayments offers a variety of benefits to the users. You can experience innumerable benefits by using it. Let us also know its main benefits.

• WIDE COIN SUPPORT: coinpayments is a robust and worldwide crypto wallet with 2350+ cryptocurrencies. It offers users unmatched flexibility. Thereby allowing businesses and merchants to accept and use a vast list of cryptocurrencies.
• Security Measures: The platform uses advanced security options such as multi-sig and two-factor authentication to keep your transactions and stored coins safe. Due to which for every transaction execution, another user has to sign it with his private key, only then the transaction will be visible. It adds an extra layer to your security including two-factor authentication.
• Global Reach: Coinpayments has established its presence in 200+ countries, it aims to target those. Those who live in an area that does not have a bank account and want to use a full fledged cryptocurrency wallet. Hence coinpayments has become a truly global cryptocurrency solutions platform for various businesses.
• Privacy and Anonymity: With coinpayments you can enjoy privacy and anonymity while keeping yourself safe. Because the wallet supports privacy coins for multiple currencies. By using it you will have the advantage that the recipient will never know from where or to whom they have sent the payment. Due to which you will get complete confidentiality and anonymity of the business.
• Integration: Integration plays an important role in the growth of any company. coinpayments partners with multiple platforms to strengthen its integrations. It integrates with a variety of e-commerce platforms and facilitates all transactions through them, thereby helping merchants and businesses to flourish.

Coinpayments App

Coinpayments is usually a digital wallet, but it is also available as a mobile app for users. The app is well designed and it is quite easy for the users to customize and use.

It allows you to easily store your crypto in one place, send, receive, convert and accept payments in person. The Coinpayments app is a comprehensive platform providing storage and payment wallets for bitcoin and 2,350+ other cryptocurrencies.

The perfect all-in-one cryptocurrency wallet and payment platform for your everyday crypto needs. However, if you are using it for the first time, you may find it a bit complicated. But the second time you visit the app, you will easily learn how it works.

Features & Benefits of Coinpayments App

• Easy to use
• Safe for bitcoin
• Able to store, send, receive and convert crypto
• Use QR code or $PayByName to deposit or withdraw cryptocurrency
• Supports over 2,350 coins
• Pre-built plugins for all major ecommerce platforms
• Fast and borderless for payments
• Fiat settlement functionality

Payment Methods of Coinpayments Cryptocurrency Wallet

Coinpayments offers you not one but several payment methods. When paying with cryptocurrencies on this platform, you have several options available to you. It is up to you to decide which payment option is sufficient for you. Here are some of its major payment methods.

• PayPal: PayPal is one of the most popular payment methods for Coinpayments. It does not charge you any additional transaction fee. Its unique payment method has greatly streamlined cryptocurrency payments around the world. It enables you to convert your cryptocurrency into fiat currency in no time.
• Direct Payments: The platform also accepts direct payments. In this you can also transact using the exchange. Because it allows buyers and sellers to meet and send coins to each other. Through which you can make instant payment. But the downside of this method is that you can’t guarantee it.
• Coinpayments $PayByName: $PayByName is a feature that you will not find on other platforms. But coinpayments allows you to send crypto for purchases via $PayByName. Which streamlines both the process of sending and receiving payments, similar to PayPal.

Coinpayments Supported Coins

1. Bitcoin
2. Litecoin
3. Velas
4. Apollo
5. Bytecoin
6. Beam
7. Bizzcoin
8. BNB coin
9. Binance
10. Monero
11. Celo
12. Tether CNH
13. Cloakcoin
14. Crown
15. Dash
16. Curecoin
17. DigiByte
18. Dogecoin
19. Groestlcoin
20. MaidSafecoin
21. Ravencoin
22. And other 2,350+ Coins

Coinpayments Cryptocurrencies supported for payments

1. Bitcoin Cash (BCH)
2. Ethereum (ETH)
3. Bitcoin SV (BSV)
4. Bitcoin (BTC)
5. Dogecoin (DOGE)
6. Ripple (XRP)
7. Litecoin (LTC)
8. Monero (XMR)
9. ERC20 Token
10. Stratis (STRAT)
11. Tron (TRX)
12. Digibyte (DGB)
13. Lisk (LSK)
14. NEM (XEM)
15. Komodo (KMD)
16. Dash
17. EOS
18. PIVX
19. ZCash
20. Qtum
21. Waves
22. And other 175+ Gateway

Why should you use Coinpayments?

• Coinpayments is supported on mobile devices. It is available for you on both Android and iOS devices.
• The platform processes your payment quickly. Through this you can link multiple accounts together.
• It is one of the most popular cryptos in the market that supports bitcoin payments, apart from various cryptocurrencies.
• Here you can enjoy privacy and anonymity while keeping your business secure.
• It enables you to make and receive, store and exchange crypto payments and offers a host of features.

Who should use CoinPayments Wallet?

Merchants accepting crypto payments: CoinPayments Wallet is a must use for merchants who accept crypto payments. Because it offers many benefits to cryptocurrency and enables you to accept crypto payments and expand your operations.

Offline store merchants: Coinpayments also enables personal payments for merchants who want to make crypto payments to offline store owners. Through which even offline store owners are allowed to accept crypto payments using the Point of Sale facility.

Merchants doing cross-border transactions: coinpayments is also a good platform for merchants doing cross-border transactions. In which anyone doing international transactions can also use coinpayments. Because this blockchain technology makes it easy for merchants doing cross-border transactions to send and receive payments.

Coinpayments Customer Service

Coinpayments Customer Service team is very fast and prompt response. You will need to raise a ticket to contact them. Which will be replied to you within 24 hours. You will need to visit the support wizard to raise a ticket.

Wherein you will be given the support code for 1 hour and also a support link will be provided to raise the ticket. Using which you can open a support ticket. If you want to contact via email, fill a form with email id, username, subject and message.

Apart from this, you can also contact through social media platforms like Twitter, Facebook and Telegram.

Coinpayments Phone Number: (778) 990-9110

Coinpayments Email: sales@coinpayments.net

Coinpayments Alternative

Here is the information about some alternative wallets of coinpayments which provide different tools and services like coinpayments.

Quikipay – Quikipay is considered to be the leading among all alternatives to coinpayments. This gives you faster sales, instant payments and more control over your finances. Here you will always be helped to increase your sales and take control by a thorough and friendly approach. It uses the most advanced financial security technology to guarantee your privacy and earnings.

Coinbase – Coinbase is the easiest and safest place to buy and sell cryptocurrencies. Here you can track your portfolio all in one place. coinbase supports a variety of digital currencies. Here you also store most digital assets securely in offline storage.

Gatehub – Gatehub is also a cryptocurrency management wallet. Its first priority is to keep you and your money safe while making your experience pleasant and secure. Here you can pay with the cryptocurrency of your choice via XRP Ledger, SEPA, Blockchain, Wire and more. Because Gatehub brings even more convenience to your payments and supports web monetization.

Coingate – Whether you are a merchant, developer or a crypto lover, you can avail a variety of benefits from Coingate payment gateway. Because Coingate accepts payments with only a 1% fee and provides access to over 100 cryptocurrencies to use. Although the fees here are 0.5% higher as compared to coinpayments but here your assets can be kept in secure cold storage.

Coinpayments Walle Review

Coinpayments Wallet has more positive reviews than negative reviews on many popular review sites and software. It is evident from this how comfortable the popularity and utility of coinpayments is among the customers.

Many merchants and businesses have highly appreciated the coinpayments wallet for cryptocurrency transactions on the platform and its management. That’s because it makes cryptocurrency transactions quite simple and also provides users with a wallet app to use.

Which helps them in maintaining all crypto and using it easily. Overall coinpayments seems to be an amazing wallet and better solution to crypto payments with many attractive features and features. For any crypto customer or crypto trader looking for the best online crypto wallet, coinpayments is a great option to serve their purposes.

Coinpayments Frequently Asked Questions

Final Verdict

coinpayments works as an accepted cryptocurrency wallet almost all over the world with its functionalities, features and superior services. If you are an investor or a crypto lover, coinpayments will never let you down for securely storing your crypto holdings.

But every business is unique and their software requirements may differ as well. So in software selection it is important to collect and evaluate your key requirements.

Regarding the rest of coinpayments wallet, we have covered everything in this article CoinPayments Cryptocurrency Wallet Complete Guide, in which you can understand every single fact of coinpayments wallet closely. But still if you have any doubt then you can give us feedback.