Coingate

Coingate

  • Lithuania

  • Buy/Sell from the platform

  • Coingate.com

  • Since 2018

Coingate
In Social Media:
Developed Ease of use,  Enough secure,  Anonymously trading

Coingate is a Lithuania-based exchange platform that serves both businesses and individual traders. They offer exchange services for Bitcoin and over 50 altcoins and Bitcoin payment processing software for merchants (BTC POS App). By providing several methods of payment, Coingate assures quick trades and extended functionality.

The platform offers software integrations for popular e-commerce platforms (Magento, Woocommerce, Prestashop etc), a Bitcoin Point of Sale App for IOS/Android, a BTC payment API, and payment buttons, which allow retailers to accept simple payments. Coingate requires ID verification for depositing or withdrawing fiat currency. Each procedure is well explained in Coingate's FAQ.

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • English
  • French
  • German
  • Lithuanian
  • Russian
  • Spanish

Country Support

  • Australia
  • Canada
  • China
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • US partial

Platforms Systems

  • Web Interface
  • API

Partners and integrated software

  • Electrum
  • Copay

Coingate security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
No
Funds Insured
No

Coingate is a Lithuania-based company that was founded in 2014 by Dmitrijus Borisenka (CEO and co-founder). In 2011, he became interested in Blockchain and cryptocurrencies and became an active investor. The Coingate team processes over 600 daily transfers, and expects to see a continued rise in popularity.

Summary:

Coingate allows its users to buy Bitcoins using their own mobile phones or land lines. The fees are high and full features are available after a 2-level verification. Coingate acts only as a referrer to the card processor Simplex for debit/credit card orders. The platform has a clean and simple user-interface, offering support also for US-based users, except Washington state.

Ease of use
Developed
Transaction Fees
0.8% +
Deposit/Withdrawal Fee
0.8% +
Deposit/Withdrawal Fee c For Bank Transfer
1.1+
Deposit/Withdrawal Fee For Credit Card
1.1+
Deposit/Withdrawal Fee Charged For 3rd party Payments
1.1+
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Send/Receive Crypto, Deposit with Mobile Credit

Functionality:

They offer a unique feature for merchants to manually set the invoice expiration time, if they choose to keep the Bitcoins they earned. Users can buy Bitcoin using a mobile credit simply by sending a text message, or making a call to a premium number.The payment is charged directly to the user's phone bill. The altcoin exchange is implemented through an external exchange, Shapeshift.

Most common
customer complaint:

Issues when trying to withdraw funds, reports of scams when calling the premium number to buy Bitcoin