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Coingate

LithuaniaLithuania
Buy/Sell from the platformcoingate.comSince 2014
Intuitive Ease of use, High Privacy, Wallet platform Private Keys Stored
  • Overview
  • Security
  • User Experience

Volume 24H: N

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.

Crypto Currencies Support

  • ANT
  • BAT
  • BLK
  • BTC
  • CLAM
  • DASH
  • DCR
  • DGB
  • DNT
  • DOGE
  • EDG
  • ETH
  • FUN
  • GAME
  • KMD
  • LBC
  • LTC
  • METAL
  • MONA
  • MTL
  • NMR
  • POT
  • REP
  • SALT
  • VRC
  • ZEC
  • ZRX

Traditional Currency Support

  • EUR
  • 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

  • — Api
  • — Web Interface

Stock Market Options

Interface customisation:

  • — N

Advanced Options:

  • — N

Discounts For The Big Traders

  • — N

N

Summary:

2 Factor AuthenticationNo
Funds InsuredNo
Private Keys Stored OnNo
Storage TypeNo

Advanced Security Features:

  • — N

Security Features:

  • — N

Legal Registration or Compliance:

  • — N

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 useDeveloped
Transaction Fees0.8% +
Deposit/Withdrawal Fee0.8% +
Deposit/Withdrawal Fee For Bank Transfer1.1+
Deposit/Withdrawal Fee For Credit Card1.1+
Deposit/Withdrawal Fee Charged For 3rd party Payments1.1+
Anonymous TradingNo

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