- Joined
- Feb 5, 2018
- Messages
- 108
- Reaction score
- 13
- Points
- 25
- Location
- Beijing
- Website
- bobantoken.com
- BMF Points
- $3,222
CoinPayments is a cryptocurrency wallet service platform and one of the world's largest payment processor. CoinPayments allows merchants to accept cryptocurrency payment and support over 1000 different cryptocurrencies with fair fee of 0.50%.
CoinPayments was established in 2013 in Canada and currently boast of over 2 million vendors across 186 different countries making it one of the largest and most popular crypto payment processor out there.
- Key Features Of CoinPayments:
1. Secure Multi-Currency Wallet: CoinPayment features an online multi-currency wallet allowing users to easily store, send and receive bitcoin and most major altcoins.
2. Easy To Integrate: CoinPayment makes integration really easy by providing plugins for most popular web carts used today like OpenCart, Megento, Blesta, Prestashop etc. This makes it easy for merchants to integrate on their website and start accepting cryptocurrency payments.
3. Instant Confirmation Of Bitcoin Transactions: Experience very fast bitcoin transaction confirmation thanks to CoinPayment GAP600 support.
4. Support Automatic Conversation Of Coins: CoinPayment support auto coin conversion, this saves you the stress of manually moving coins and wasting time and fees.
5. POS Support: CoinPayment has POS (Point Of Sale) support, giving merchants a simple interface for in-person payments.
6. AirDrops: Airdrops of new coins or tokens are usually supplied to CoinPayment users so that everyone benefits.
7. FIAT Settlements Directly To Bank: Merchants in US and Euro can get FIAT settlements sent directly to their bank account.
8. Vault Support: CoinPayment users can add extra security to their crypto asset by locking them down for a specific amount of time. This makes the asset inaccessible to everyone during the specified lockdown period.
9. Mobile Client: Apart from using its website, CoinPayment has a mobile client which allows you to easily access your account, accept payments and convert coins directly from your smartphone. The app is available for both Android and iOS.
10. Trusted By Millions: Over two million merchants from over 182 countries use CoinPayment.
11. Minimal fee of just 0.50%
Pros:
1. Easy to install and get running, supporting a lot of popular web carts via plugins.
2. Support over 1000 different cryptocurrencies.
3. Provide a secure multi-currency wallet.
4. Support two-factor authentication (2FA) and Multisig (multiple signatures).
5. Mobile app available for both Android and iOS.
Cons:
1. According to reports, support is a bit lacking and can be greatly improved.
CoinPayment looks like a very legit crypto payment processor however there were reports from 2017 about a bug in CoinPayment system, this allowed for hackers to withdraw Ripple (XRP) worth millions of dollars. This hack affected a lot of users with one user losing about 2.45 million Ripples. Although as of December 2017 CoinPayment claim to have settled all affected users, I think this is something someone considering the platform should look into.