The CoinPayments wallet is completely free for non-commercial applications. Merchants using the checkout system and API’s are charged a small 0.50% fee on incoming transactions which is deducted during payment. If merchants or users wish to convert coins on the platform, e.g. BTC-LTC, the conversion rate will be established by the following formula - coin TX fee + conversion partner's fees. CLICK HERE:https://gocps.net/sfgcbqbqh7ajq7e6937d9vtgoj74/ FOR MORE DETAILS:https://coinpaymentsreview.blogspot.com

1. CoinPayments Review: Crypto Payment Processor Guide
CoinPayments ​is a crypto payment processor and gateway that makes it
easy for businesses to accept payments in over 1,300 cryptocurrencies.
They have developed simple payment technology such as website plugins,
APIs and Point-of-Sale interfaces that allow vendors to accept a plethora of
coins and tokens. This approach has seen them grow their market share
globally as crypto adoption is has taken off.
However, is​ ​CoinPayments safe​ ​and are they worth it?
In this ​CoinPayments review,​ ​I will attempt to answer that. I will give you
everything you need to know about this service including a step-by-step
guide for you to start using them.
CoinPayments Overview
CoinPayments​ was begun in 2013 in Vancouver Canada and it offers
payment processing for businesses. Business can use the service to
accept ​Bitcoin​ and more than 1,340 other altcoins easily and with a small
0.5% fee. Plus the merchants have access to a host of easy to use POS
interfaces, APIs and website plugins.
CoinPayments boasts​ nearly 2.5 million vendors using their service
across 182 countries. It is clearly the most comprehensive merchant
payment platform for Bitcoin and other ​cryptocurrencies.

2. They are extremely convenient for online merchants especially, thanks to
the number of easy-to-use shopping cart plugins available for use with all
the leading shopping cart solutions. There are literally dozens, including
WordPress plugins, WooCommerce, OpenCart, Magento, Shopify and
more.
They even offer merchants the use of ​POS terminals​ to accept payments in
person.
Those are just a few of the reasons that ​CoinPayments​ has become the
most popular cryptocurrency payment processing service in the world.
CoinPayments Features
In addition to the great integrations available for merchants,​ ​CoinPayments
has a vast array of other features that have helped it become the most
popular solution for merchants looking to accept ​cryptocurrency payments.
Here are a few of those features:
Multicoin Wallet

3. CoinPayments​ also offers an online wallet that can be used to store the
more than 1,340 supported coins. This is the wallet where the crypto that
you earn will go.
Because it is an online hot wallet it is recommended to use it for large
amounts or for long periods of time. You will want to move the coins into
your own wallets for ​cold storage​.
Point-of-Sale System
Through the simple​ ​CoinPayments​’​ interface merchants are able to accept
in-person payments for their goods and services. You can even head on
over to their ​Merchant page​ and use a demo version of it.
All you will need to do to accept payments through the site is to bookmark
your​ ​POS checkout URL​.​ You can then input the amount that the

4. customer has to pay and you can select the coin in question. This will
generate the address and the QR code.
GAP600 Instant Confirmations
There is no point using a payment gateway if you have to wait for 6 network
confirmations before it is credited. Thankfully though​, ​Coinpayments
supports GAP600 instant confirmations.
Coinpayments​ ​has ​been partnered​ with GAP600 since June of 2017 and
have been using the service ever since. GAP600 has developed
technology that is able to instantly guarantee transactions against the risk
of double spend.
Essentially, their internal risk engine can analyse the incoming transactions
and perform live risk scoring on it. Since implementing the solution, over
85% of all transactions made on ​CoinPayments​ are able to complete
instantly.
Dozens of Shopping Cart Plugins
We talked about these above, and ​CoinPayments​ offers shopping cart
plugins for all the popular web shopping carts. You can see a list of all the
supported shopping cart solutions ​here​.

5. Including WordPress, PrestaShop, Drupal and Magento, ​Coinpayments
has a plugin for nearly every CMS on the market. These are also really
convenient as you only have to​ install the plugin​ ​without any knowledge of
coding them up.
Automatic Coin Conversions
CoinPayments​ can automatically convert some coins to fiat currency or
other coins, without any hassles, saving you both time and money. This is
done through their ShapeShift integration.
ShapeShift​ ​is one of the most well known instant exchanges on the market.
Given that they are non-custodial it means that your coins are not stored on
their servers. They merely operate as a conversion service and they will
send coins directly to your destination address.
Note✍: ​If you are going to use this exchange feature then you will have to
complete ShapeShift’s compulsory KYC requirements. You can find out more ​here

6. Fiat Currency Settlement
Despite how much we would like a world that is dominated by crypto, most
businesses still have to rely on fiat currency for their day-to-day expenses.
Hence,​ ​CoinPayments​ has an effective fiat settlement system.
For those merchants who are located in the US and in the European Union,
you can get seamless fiat integration where USD and EUR can be sent
directly to your bank account.
Vault Service
This is a cold storage alternative to the standard hot wallet that we
mentioned above. If you would prefer not to store your own coins and
private keys online then you can make use of the ​CoinPayments Vault
service.
Essentially, when you select this, your coins are stored in the cold storage
vault and they are locked up for a certain period of time. Of course, nothing
really beats holding your own keys but this could be a convenient
alternative.
AirDrops
AirDrops​ can sometimes be a contentious issue on custodial services as
exchanges and ​payment processors. ​There are many exchanges, for
example, that will refuse to credit airdropped coins to users.

7. Thankfully though, ​CoinPayments​ will fully credit user’s accounts with the
airdropped coins. This means that you do not have to worry about the
often-complicated process of claiming these coins in your offline wallet.
CoinPayments Mobile App
CoinPayment​ ​has developed both Android and iOS apps that can be used
to access and manage your account, convert coins wherever you are, and
accept in-person payments.
CoinPayments Mobile app in the iTunes Store
The app has received generally positive feedback on the Google ​Play Store
with a total rating of 3.7. What is even more encouraging than the ratings
though is the responsiveness of the developers. They get back to all users
immediately and take the feedback constructively.
$PayByName

8. This is a unique feature which can greatly simplify the process of receiving
payments. It allows a user to send / receive payments without having to
copy any of the long form wallet addresses.
$PayByName​ ​on the other hand allows you to use a simple human
readable address form within the CoinPayments ecosystem. For example,
if the Coin Bureau wanted to receive Bitcoin,
We could simply accept payment to ​$CoinBureau.​ This address would be
pre-assigned, verified and applied to only us. This means that someone
could easily remember it and send us crypto without having to store our
long form address.
CoinPayments Fees
CoinPayments​ says they are the cheapest crypto-payment service in the
world. Nearly all incoming payments and deposits are subject to a fee of
only ​0.5%​. The ASAP/Nightly service forwards funds to an external address
and is also subject to the usual coin transaction fee.
In addition to that, there are wallet fees for some services. Conversions
carry the coin transaction fee and any partner fees.​ ​Withdrawals ​are
subject to the coin transaction fee. And deposits to the wallet are free up to
$15,000 equivalent value monthly, with amounts above that subject to the
0.5% fee.
Note​ ✍: ​CoinPayments​ ​will subsidize withdrawal fees at a flat rate of 0.00040000
instead of the full TX fee (only applies to withdrawals).
The ​CoinPayments​ fees are actually quite impressive. For example, if we
were to take a look at BitPay, their biggest competitor, they charge a ​1%

9. processing fee​. It is is also worth noting that BitPay only accepts Bitcoin
compared to the plethora of coins on offer at ​CoinPayments.
The CPS Coin
In July 2018​ ​CoinPayments​ ​began airdropping CPS coins which are the
utility token on the CoinPayments platform. There are a number of benefits
that come from using the CPS coin:
● Payment Processing Fee Rebate:​ Any balance of CPS coin in
your account will mean that you can earn a 50% rebate an all the
fees that you pay to CoinPayments.
● Double Affiliate Commissions:​ ​If you refer users to
CoinPayments then you will earn an affiliate commission. Usually,
this is set at 25% of the fees earned by that affiliate. However, if
you take payment in the CPS coin then you will earn double that
amount.
● Coin Integration:​ ​If you work on a cryptocurrency project and
would like to have your coin integrated into CoinPayments then you
can pay the integration fee in CPS.
● $​PayByName Purchases​:​ When you use the CPS token you can
make $PayByName purchases which streamlines the process for
users.
Currently, the CPS coin is not listed on any exchange and can only be
purchased through the ​CoinPayments platform.​ ​This is one of the reasons
that the ​CoinPayments​ team is trying to increase adoption for it.
You would also be interested to know that the CPS coin was not built on
top of ​Ethereum​ like most tokens, but was instead built on the ​Syscoin

10. blockchain​. So, like paying for ETH transactions with Gas, you will have to
use a similar method when sending CPS on the Syscoin network.
Pro Tip​✔: Make sure that you have a bit of SYS in your account to cover these
CPS transaction fees.
CoinPayments Ripple Hack
CoinPayments ​suffered a significant loss of ​Ripple (XRP)​ from user’s hot
wallets in June 2017. The loss was due to a bug in the CoinPayments hot
wallet, which was discovered by a user who then used the exploit to pull
XRP from other user wallets.
While the hack was unfortunate, it was good to see CoinPayments make
good on all the XRP stolen from its users. In just 6 months time it
reimbursed every user who had XRP stolen from a hot wallet. Of course,
they also patched the bug that allowed the exploit in the first place.
Extract from the CoinPayments Disclosure of hack. Image Source
It is the only time in the 6 years that​ ​CoinPayments​ has been in business
that they suffered any type of theft. Ultimately the bug was specific to the
integration of Ripple technology.
According to ​CoinPayments​ ​at the time:

11. We have completed a complex back-end rebuild including
multiple new safety measures and protocols to ensure this issue
never occurs again.
CoinPayments Step-by-Step
Guide
Now that you have a fair idea of what CoinPayments is and its main
functionality, it helps to know exactly how to set up your CoinPayments
account and wallet. The below is a handy guide that will show you the
exact process as well as the best settings to receive the coins.
Step 1: Create a New Account
The first step to use​ CoinPayments​ ​is to register an account with them. You
can create either a personal or enterprise level account.
Creating a CoinPayments Account

12. After filling in the form and clicking​ ​“Register” ​you’ll receive an email from
CoinPayments.​ ​To complete the registration simply click the activation link
in that email.
You’ll be directed to login and after entering your username and password
you’ll receive a code sent to your email to complete the login process.
Verifying your Account Details
You will also be surprised to know that ​there are no​ KYC and identity
verification requirements at​ ​CoinPayments.​ ​Unless you are going to use the
ShapeShift coin exchange functionality then you can take crypto payments
as intended – ​anonymously​.
Step 2: Choose Payment Methods
Once logged in you can set up your Merchant Account or Wallet. Given that
you want to start accepting ​cryptocurrencies,​ we will be setting up a
merchant account.
Ready to start setting up your wallet / account

13. When you choose the ​Merchant Account​ the first step will be to select your
payment methods. There are four options of how to select payments.
These include:
● All supported Coins:​ ​You could accept all coins that
CoinPayments supports. While this does give your customers
choice, it does leave you with the risk of accepting less desirable
coins
● Selected Coins:​ ​If you only really want to get particular coins from
your customers then this is perhaps your best bet.
● Coins with Auto Convert​:​ This option will auto-convert into
particular coins that you choose. You will, however, have to use the
ShapeShift exchange integration service.
● Fiat Settlement​:​ With this option, you can accept coins but
payment will be made in fiat to the bank or PayPal account of your
choice.
Which payment method you accept really does depend on your
businesses’ individual requirements. ​CoinPayments​ ​suggests that you opt
for the simplified select coins option.
Pro Tip​ 💯 : ​You can use the PayPal Passthru service to allow your customers to
either pay with ​Altcoins or PayPal​. With a PayPal payment, it will go straight to your
PayPal.
Step 3. Configure Your Merchant Account
Once you have accepted the payment method that you would like to use
then you can start to configure your wallet. Here you will choose the
destination address for the coins as well as your conversion settings. You

14. can also integrate your fiat settlement platforms here if this is something
you plan to make use of.
Configuring Coin Acceptance Settings
Once that’s all set you’ll be taken to the integrations section, where you can
set up shopping cart plugins, payment buttons, APIs, the POS system and
more. You can also move over to the ​merchant tools​ section for a more
comprehensive selection of​ ​customization options.
If you are stuck at any point in the process then you can always make use
of their extensive ​FAQ section​. However, if your query is more specific in
nature and related to your account then you will have to contact their
support desk.​ ​CoinPayments operates​ a ticket support system that which
you can raise from within your account.
Step 4. Start Accepting Crypto
You are now ready to start taking cryptocurrencies!

15. If you are using​ ​CoinPayments​ ​on your site then you may want to place
their logo in your footer. This will show your customers that you are able to
accept crypto. Here is an example that you can use:
Showing customers you accept Crypto
You could also include some of the coins that you are willing to accept just
below that to further reinforce the point to those who are not too familiar
with ​CoinPayments.
Conclusion
With six years of serving merchants and nearly 2.5 million merchants
registered to use their service,​ ​CoinPayments​ ​is undeniably safe and a
legitimate payment processing service.
There are obviously complaints online regarding the unfortunate XRP thefts
from 2017, but that’s nearly 2 years past and there’ve been no repeat
incidents. In addition to that, ​CoinPayments​ was very quick to respond to
the incident, patching the exploit, keeping users updated, and quickly
refunding all stolen funds. They responded professionally to the incident
and have taken steps to secure their platform and avoid any repeat
incident.

16. While the incident was unfortunate it’s also important to understand the
security risks inherent in cryptocurrencies, and that the technology remains
in its infant stages.
The best way to avoid any such incident is to avoid using online hot wallets
if at all possible.​ ​CoinPayments​ has a cold storage vault that can be used,
or with their ASAP service payments are sent to an external address rather
than to the​ ​CoinPayments online wallet.
Merchants who want to accept cryptocurrencies have an easy way to do so
with the ​CoinPayments platform​. ​Your business can be one of the first in
your industry to adopt this world-shifting technology and to increase your
customer base by doing business in cryptocurrency.
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