Cryptocurrency Payment Gateways

Comparison of Cryptocurrency Payment Processors, Bitcoin Payment Gateways, Wallets and more.

Accept Bitcoin, Ethereum and other cryptocurrencies on your website or online shop.

Best Crypto Payment Processing Gateways for Businesses

The market for blockchain-based payments is very active and evolves fast due to the growing acceptance of people investing into this asset class and in a second step are looking for ways and use cases to spend the cryptocurrencies they have acquired. Therefore we constantly have an eye on the market participants as they add new features and new players and competitors appear. Here is a selection of the best crypto payment processing gateways.

Cryptocurrency Payment Gateways Comparison

An overview and evaluation of the best payment solutions for merchants

COINQVEST BitPay Coinbase Commerce CoinPayments
Overall Rating
Main Tagline Enterprise Cryptocurrency Payment Processing. Accept Digital Currencies. Settle to your Bank Account or Crypto Wallet. Built for developers & enterprise-level API. Manage and spend your Bitcoin with the BitPay App, and turn Bitcoin into dollars with BitPay's Prepaid Mastercard®. Accept or Send BTC Payments Globally. Fast - Get started with our self-managed product within minutes. Convert - Sell your crypto for cash or USD Coin. USD Coin & DAI - Accept price-stable cryptocurrency. Crypto payments made easy. Take advantage of our global crypto payment gateway made easy and accessible for everyone — whether you're a business owner, crypto user, or even from another planet.
Opinion Stripe for Crypto
Most comprehensive merchant solution.
Early Adopter
Benefits from their long time on market, good merchant solution.
Crypto Exchange
A use case for the Coinbase exchange with basic merchant functionality.
Crypto Purists
Pure crypto payment gateway with largest collection of coins.
  • Most comprehensive merchant solution
  • Direct withdrawal to bank account
  • Enterprise-level API & documentation
  • Multi-currency merchant account
  • Free Trial
  • Good merchant solution
  • Direct withdrawal to bank account
  • Largest list of crypto payment coins
  • Limited number of crypto payment currencies
  • No multi-currency merchant account
  • Withdrawal only through the Coinbase exchange, not directly to bank account
  • Generally very basic merchant functionality

  • Fiat settlement only to USD
  • Withdrawal to fiat only through Coinbase or Wyre
  • Basic API
  • For refunds must contact customer service

  • Confusing UI
Checkout Currencies 50 16 122 30+
Payment Currencies BTC, ETH, LTC, XLM, and any asset on the Stellar Network BTC, BCH, ETH, WBTC, DOGE, LTC, SHIB, GUSD, USDC, USDP, DAI, BUSD BTC, BCH, DAI, ETH, LTC, DOGE, USDC 2000
Fiat Settlement Currencies ARS, BRL, EUR, NGN, USD AUD, CAD, EUR, GBP, MXN, NZD, USD, ZAR USD -
Crypto Settlement Currencies BTC, ETH, LTC, XLM, USDC, EURT BTC, BCH, GUSD, PAX, USDC BTC, BCH, DAI, ETH, LTC, DOGE 2000
Payout Time Instant Daily Instant Daily
Withdrawal to bank account Yes Yes - -
Exception Handling Yes (underpaid, overpaid, multiple-paid, delayed/expired, high slippage) Yes (underpaid, overpaid, multiple-paid) Yes (underpaid, overpaid, multiple-paid, delayed) Yes (underpaid, overpaid, expired)
Refunds Yes (in merchant dashboard or API) Yes Yes Yes (must contact customer service)
Swaps Yes (even fiat to fiat) Yes - -
Deposits Yes Yes - Yes
Chargebacks Not possible Not possible Not possible Not possible
Checkout Demo Demo Demo - Demo
Hosted Checkouts Yes Yes Yes Yes
Self-hosted Checkouts Yes - - Yes
White-Label Yes - - Yes
Custody Semi-Custodial Custodial Custodial Custodial
Blockchain Stellar - Integration of asset issuers on the Stellar Network Proprietary - Direct integration of each blockchain Proprietary - Direct integration of each blockchain Proprietary - Direct integration of each blockchain
Pricing & Fees
Setup Fee - - - -
Maintenance Fee - - - -
Transaction Fee 0.5-1% 1% 1% 0.5%
Free Trial Yes - - -
Operating License Virtual Currency Service Provider License in the European Union Money Transmitter License (MTL) in 15 US states Money Transmitter License (MTL) or equivalent in 44 US states, Electronic Money Institution (EMI) in the European Union Virtual Currency Service Provider License in the European Union
KYC/AML Yes Yes Yes Yes
Incorporated in Estonia United States United States Estonia
Merchant Dashboard COINQVEST Merchant Dashboard Bitpay Merchant Dashboard Coinbase Commerce Merchant Dashboard Coinpayments Merchant Dashboard
Hosted Checkout Page COINQVEST Hosted Checkout Page Bitpay Hosted Checkout Page Coinbase Commerce Hosted Checkout Page Coinpayments Hosted Checkout Page
Payment Details COINQVEST Payment Details Bitpay Payment Details Coinbase Commerce Payment Details Coinpayments Payment Details
API Documentation COINQVEST API Bitpay API Coinbase Commerce API Coinpayments API

Continue Reading About

» Crypto Adoption » Consumer Intentions » Merchant Benefits » FAQs


Has shown that

67% of Users

Who have held cryptocurrencies purchased them to make a transaction.

60% of Consumers

Want to buy products and services with crypto.

53% of Crypto Buyers

Purchased their crypto holdings in part due to fear of missing out.

Bitcoin Payment Processor Comparison

Find the best match for your business needs.

Benchmark and compare several cryptocurrency payment solutions before you come to a decision. It's time well spent and important to understand what payment features to look for.

Be sure from the beginning that you choose the service provider that works for you. Switching a Bitcoin payment gateway that is already tied into your financial processes again later-on is time-consuming and expensive.

Reasons to add a Crypto Payment Processor to your website

Adding a crypto payment method to your website benefits your customers and your business

Cater to the Demand of new Target Groups

Millennials (Generation Y / 1980-2000), also called digital natives, have a natural understanding of digitization. They have the purchasing power to hold cryptocurrencies as investors and are willing to spend them.

The Generation Z (2000 onwards) has been growing up with digital services and digital money. Blockchain topics like smart contracts or NFT are a no-brainer for them. Remember how innovative the Gen X guys were when they created a HTML website in table layout back in 1990? The same thing is happening now thirty years later.

What's next? Generation Alpha (2010 onwards). They'll simple wonder what a credit card or bank account is.

Cryptocurrencies Become Mainstream

The trend towards more decentralization of financial services triggered by blockchain technology will continue. Today, already 200 million people engage with cryptocurrencies and the total market cap has reached a value of $2.5 trillion USD. It has grown too big to ignore.

The largest payment companies like Paypal or MasterCard integrate cryptocurrencies into their payment systems. Central bank digital currencies (CBDCs) are widely discussed and the first countries launched pilot projects.

Read some interesting opinions from financial experts here about how cryptocurrencies will look like in 50 years.

Control your Business Risks

There are no chargebacks in cryptocurrency payments in general. This is due to the nature of blockchain payments: They are sent buy the buyer rather than requested by the merchant, as for example it is the case with credit cards.

However, this might result in payment errors when the buyer sends too little or too much to the merchant's wallet or even sends a payment twice. Good crypto payment providers automatically resolve payment errors and provide the option for refunds.

Cryptocurrency payment processors also eliminate the currency volatility risk for crypto/fiat currency pairs. They ensure that a merchant who sells a pair of shoes in an online shop for 100 USD - and where the shopper pays in Bitcoin - receives 100 USD in their wallet and is not subject to Bitcoin rates volatility during the blockchain confirmation process.

High Speed and Low Fees (and Interoperability)

Unlike most traditional payment processors that hold your funds for 7-14 days, a cryptocurrency payment gateway mostly makes your funds available for withdrawal instantly - or at least it should. Look out for those payment gateways that let you withdraw you settlement funds right away.

That is possible because cryptocurrency transactions are fast - which is mainly due to that
1. There are no intermediaries like banks and other financial institutions in between and
2. The buyer sends the payment from their wallet directly to the merchant.

Fees (also known as gas fees) depend heavily on the blockchain and the consensus protocol they have implemented. Proof of Work models used by Bitcoin and Ethereum are expensive. Fees for small payments easily surpass the actual payment amount.


What is a cryptocurrency payment gateway?

A cryptocurrency payment gateway is used to accept Bitcoin, Ethereum and other digital currencies on a website, online shop, mobile app or any other kind of digital application. It adds a crypto payment method into the payment process as an option for customers to pay with cryptocurrencies in addition to other payment methods like credit cards, for example.

What's the difference between a payment gateway and processor?

Both terms overlap to a certain degree whereas you can think of the online payment gateway as the customer facing frontend - like a virtual equivalent of a point of sale (POS) terminal - and the payment processor as the backend responsible for transmitting the financial transactions between the customer, the merchant and the merchant's bank. The difference is that a payment processor facilitates the transaction and a payment gateway is a tool that communicates the approval or decline of transactions between merchant and customer.

What's the benefit of using a cryptocurrency payment processor?

As described in the section above they are manifold: Target new customer segments, reduce financial risks for your business, show that you are innovative and on top of trends, reduce technical cost and ensure that your accounting receives the correct payment data.

Which problems do crypto payment gateways solve for merchants?

Merchants oftentimes hesitate when it comes to cryptocurrencies. It's a new topic and most lack experience with blockchain and digital currencies. The following concerns are common, but nothing to worry about because cryptocurrency payment gateways are the solution for that:

  • I don’t understand blockchain, therefore I don't want to touch it.
  • It's not safe and I will lose money.
  • We don't have technical resources and the team has no experience with cryptocurrencies either.
  • Accounting is a problem. How to add a Bitcoin payment to the balance sheet?
  • Volatility risk is too high, I might end up with less than the sales price and the sale might turn into a loss.

How to add Bitcoin payment processor to a website?

Using a Bitcoin payment gateway is the easiest way to accept Bitcoin on your website. Most cryptocurrency service providers offer ways to easily integrate such a payment solution into existing shopping carts or content management systems like WordPress, Shopware, Prestashop, Opencart, Magento, Shopify, WooCommerce, etc. These plugins directly add a Bitcoin payment method into the shopping cart checkout process and can be customized in the admin area of the shopping cart system. For direct and more customized integration white-label payment APIs are generally used.

Where can I add a crypto payment solution?

In any digital payment process that you offer to your clients. Accept BTC on your website, online shop, mobile app, point of sale (POS), customized business process solution and much more.

What's the difference between a custodian and non-custodian payment gateway?

A custodian payment gateway collects all payments for all currencies on their own cryptocurrency wallets and lets you withdraw your funds from there through the user interface or API.

A non-custodian payment gateway requires you to enter your own crypto wallet id for each payment currency you want to accept. That means you have to enter your Bitcoin wallet address, Ethereum wallet address, Litecoin wallet address, etc. one by one into the merchant account of the service provider.

A custodian payment gateway is generally considered the more practicable and easy to use solution.

How many payment cryptocurrencies should I offer?

Offer those currencies with the highest market cap because this are the cryptocurrencies that buyers hold. It doesn't make sense to offer more than the top 10 of cryptocurrencies on your checkout pages because it confuses people that hold only Bitcoin for example. Consider how much your customers know about the different cryptocurrencies, think about shopping cart abandonment rates - too many choices spoil conversion rates. There is no point offering 10 ERC-20 tokens as payment options because who owns them? It's just guess work.