Today, there are a great variety of crypto wallets, which are a very convenient platform for users. CoinPayments is one such wallet. It boasts over 1,000,000 users and serves over 100,000 merchants worldwide. Very low processing fees and minimal risk of fraud are one of the distinguishing features of this tool. To better understand all the nuances, we offer you a CoinPayments Wallet review and explain how to use CoinPayments Wallet.
What is a CoinPayments wallet?
CoinPayments is a cryptocurrency payment processing solution that allows merchants around the world to accept Bitcoin and over 120 other digital currencies as a means of payment in their stores through very easy-to-use solutions: e-commerce plugins, payment buttons, API, and POS interfaces.
With over a million users, merchants in over 190 countries, and over 2,275 cryptocurrencies available, CoinPayments is the most comprehensive cryptocurrency payment platform in the world. CoinPayments charges a fee of just 0.5% making it one of the cheapest options in the industry. Since 2013, he has been a leader and pioneer in the crypto payment industry. Today it is the world's largest payment processor with integrations with all the most important e-commerce platforms worldwide, including Shopify, Magento, Prestashop. CoinPayments offers options to convert fiat and buy gift cards. For businesses, the service guarantees a minimum risk of fraud in the absence of chargebacks.
There is no doubt that the adoption of digital currency as a payment method will open up new possibilities for you. However, deploying a crypto payment process is not easy, so what is the solution? It's simple. Thanks to payment gateways, the service does all the work. Once you register on the platform, it will take very little time.
So, let's start with the important features and other characteristics of this wallet in our review.
Visual basic information about the wallet
|Wallet name||Wallet CoinPayments|
|Wallet type||Hot wallet|
|Supported hardware wallet||Not|
Global Business Development & Partnerships Team
CoinPayments is a global company with merchants in over 190 countries. The team's goal is to continuously educate and engage businesses of all sizes at a time of significant transformation, when e-commerce is becoming a main source of income and digital payments are becoming the standard, not something exceptional. CoinPayments recently launched a number of new partnerships and product offerings that will further solidify its position as the easiest way to accept cryptocurrencies as a form of payment.
CoinPayments' global business and partnership development team implements the team's key initiatives.
The system supports a lot of digital currencies, the most famous of them are:
- Bitcoin (BTC);
- Litecoin (LTC);
- Ripple (XRP);
- AudioCoin (ADC);
- Aeron (ARN);
- BrickblockToken (BBK);
- BitConnect (BCC);
- Bitcoin Cash (BCH);
- BitDegree Token (BDG);
- BitBean (BITB);
- BlackCoin (BLK);
- Breakout (BRK);
- Bitstamp Bitcoin (BTC);
- SnapSwap Canadian Dollar (CAD);
- RippleUnion Cappasity (CAPP);
- CLC (CLC);
- CloakCoin (CLOAK);
- CLOUT (CLOUT);
- CPAY Token (CPAY).
How to use CoinPayments Wallet
According to the information provided in the FAQ section, in order to use this system, you need to create an account. When you are logged into your account, you can use the "Which coins to accept" menu tab. You can choose coins with a stable exchange rate, such as Bitcoin, Litecoin, or others that interest you. Next, you need to enter the billing address of your wallet and check the "Enable" box.
To convert cryptocurrency to fiat currency, the seller recommends buying gift cards or making purchases with coins. You can also convert on various existing exchanges.
The manufacturer offers a mobile application.
Distinctive features of the wallet
Important features of this platform that users focus on are:
- This wallet accepts over 2275 coins and boasts countless features.
- Companies can instantly expand their reach with low-cost transactions.
- Cash transactions with personal presence can be carried out using crypto-coins.
- To avoid volatility, the wallet offers an automatic coin conversion option.
- The vault feature will help protect your coins in the safest and most reliable way.
- At any time, you can easily send payments to other crypto wallets.
What is the wallet fee?
For payments for commercial activities, incoming payments and commercial deposits are charged at a rate of 0.5% of the transfer amount.
When converting, a coin transaction fee and a conversion partner fee are charged, and in the case of withdrawals, a coin transaction fee is provided. Compared to the fees charged by other similar platforms, this is not expensive.
The most important and defining criterion when choosing a wallet is security.
Is the wallet safe? Let's figure it out:
- Absolutely all transactions that are carried out in this wallet are stored with security keys. All this thanks to BitGo technology. There may be times when a user needs dual keys for authentication. CoinPayments works in coordination with the user's email account.
- To provide additional security, the founders of the project have added interesting features. They made this wallet anti-malware which means your information will never be lost and its pin system will keep your currency safe even if you lost or forgot your wallet somewhere.
- Vault: To make the wallet more secure, the company has added a vault feature that allows you to specify an amount before making a transaction online.
How to register on the site
Have you decided to register CoinPayments Wallet in Qatar? The registration procedure is quite simple. Let's consider this process step by step.
- Go to the platform website CoinPayments.net.
- In the upper right corner, find and click on the "Sign Up" button.
- Next, you need to choose the type of account for yourself: it can be either personal or business.
- Next, you need to enter the following information in the questionnaire, indicating the username (login), real surname and first name, valid e-mail address, password.
- Next, you need to select the country of residence from the list. Time zone.
- Check the boxes (consent to data processing and user agreement).
- Solve the captcha and click the "Register" button.
Deposit replenishment and withdrawal of funds
You can easily replenish the deposit. To do this, you need to find the “My wallets” section on the main profile page. A page with a list of active wallets will open. To the right, opposite each currency, there is an “Options” button, by clicking on which a small menu will appear with options for each wallet separately.
If you click "Deposit" in this menu, the page for replenishing the selected wallet will open. If it is, for example, Bitcoin, then you will simply be provided with your Bitcoin address for transfer from a third-party resource.
If you need to replenish your USD wallet with an AdvCash dollar card, for example, the corresponding window will open. This also applies to withdrawals. In the same menu there is a separate “Withdraw” item, by clicking on which the corresponding menu will appear for withdrawing money from the selected wallet.
Transfer of funds
To transfer money, select the member's name or ID. A public key is used for the transaction, you can view it by clicking the "Show" button. Below is the date of registration of the addressee, user reviews. To confirm the operation, click the "Next" button. If you have chosen the auto-exchange option, indicate the currency you want to receive, click "Complete Purchase". When paying for the goods, the money will be transferred immediately.
To add your online store to the service catalog, select a category, specify a name, a link to the site, a seller ID in the system, or a wallet public key. Select the category and cryptocurrency that is accepted as payment on your site. Optional: keywords, banner link. Click the Add to Store button.
You can take part in a paid vote by choosing where the collected donations will go. Payment for the right to vote is transferred to a charitable foundation.
To make cooperation as efficient and enjoyable as possible, the wallet offers 24/7 technical support, training, and more.
What training does CoinPayments provide?
CoinPayments provides training in the form of documentation, live streaming, webinars and videos.
CoinPayments Wallet in Qatar can be the perfect solution for your transactions due to its diverse features. Of course, it has the usual risks associated with a software wallet. Security vault, supported coins, low fees and friendly support are the benefits of using this service.
Start using the service now! Download the app - it's very easy and affordable! One application includes the best cryptographic functions built into it.
Frequently Asked Questions about CoinPayments Wallet in Qatar
What users and types of organizations does CoinPayments work with?
CoinPayments works with the following users and types of organizations: medium business, small business, enterprise, freelancer, non-profit organization and government.
What other apps or services does CoinPayments integrate with?
CoinPayments integrates with: aMember Pro, Arastta, Blesta, Clientexec, Drupal Commerce, Ecwid, Magento, osCommerce, OpenCart, Corefy, PrestaShop, Shopify, Shopware, Tradebox, Ubercart, VirtueMart, WHMCS, WooCommerce, WordPress, X-Cart and Zen.
Does CoinPayments have an API?
Yes, CoinPayments has an API.
What support prices are available for CoinPayments?
CoinPayments offers support included with the purchase as well as an additional fee/surcharge.