CoinGate has emerged as the leading Bitcoin Payment Processor (BPP) that strives to offer merchant services to people and business organizations. The online digital currency platform allows businesses to accept Bitcoin and more than 50 other cryptocurrencies that may include Litecoin (LTC), Ripple (XRP), Dash, etc. in the form of payment for their products through the conventional POS alternatives and online. CoinGate also permits people and business houses to trade Bitcoin in the vast digital currency marketplace. CoinGate came into existence in the year 2014 and went live completely at the beginning of 2015. It is presently serving more than 4500 business customers and has got approximately 80,000 registered users.
How does CoinGate function?
CoinGate has carved its identity as a leading online platform that is equipped with a payment processing feature. Traders are allowed to register, advertise, and sell their products for payments in fiat, Bitcoin, and other accepted digital currencies. Users prefer to register at CoinGate in a bid to get products online and conveniently pay with the help of several payment alternatives made accessible. It also allows Bitcoin trading at a competitive price on the digital currency market when compared with prices offered at several other exchanges.
Crypto traders will be permitted to purchase and sell Bitcoin at CoinGate and trade in a secure atmosphere.
CoinGate lets business organizations become future-ready with widgets, Bitcoin POS, and plugins for e-commerce shopping carts such as WooCommerce OpenCart, VirtueMart, Magento, etc. CoinGate also provides Bitcoin Point of Sale apps for users of Android and iOS to provide a hassle-free shopping experience for customers and secure payment processing for business houses.
It is worth noting that CoinGate has been processing Bitcoin payments automatically and effortlessly. All the payouts are referred to as the merchant’s accounts sans any deductions except the processing fees. The payouts are accessible in leading currencies like US Dollar, Euros, Bitcoin, and USDT.
CoinGate also organizes spontaneous fiat or crypto-to-crypto conversion, which implies that Bitcoin payments will be converted inevitably to USD/EUR.
Additionally, a trader can opt for payments to be made in Bitcoin but got a client who desires to make payment in Ethereum or Dash, and then CoinGate also accepts these payments, processes and converts it to Bitcoin chosen by the selling trader. It then pays the converted Bitcoin into the account of the trader.
It is worth mentioning that Bitcoins prices are consistently compared with other popular crypto exchanges and within no time updated in real-time, thus enabling the CoinGate traders and customers to shell out as little as possible.
CoinGate also strives to offer adequate protection to its traders by making sure that payments remain irreversible. You will find the top level of customer privacy and lower fees at CoinGate.
When it comes to withdrawals, CoinGate does not levy any fees on Bitcoin withdrawals. And, charges levied on SEPA, Skrill, and International Bank withdrawals are on a third party basis.
Meanwhile, in a fresh update, CoinGate, along with Simplex have also begun to offer the ability to buy additional cryptocurrencies with the help of credit and debit cards that may include $Nano and $TRX. Meanwhile, payment will remain accessible in 14 traditional currencies.
The procedure will remain like this: You need to pick your currency and amount. You may choose cryptocurrency and purchase up to $20,000 per day. Next step will include verifying your wallet address and final payment amount. Third step will include entering billing details and finally passing the instant verification and getting coins in just one hour.
Therefore, we may conclude here that CoinGate has become a leading Fintech company that is growing with every passing day.