6 BEST Crypto Payment Gateway (2024)

By : Eliza Thornton Eliza Thornton
Hours Updated

Many businesses have chosen to accept cryptocurrency payments as their mode of payment. However, the challenge of selecting the best cryptocurrency payment gateway is to find a payment processor that fits a business need, as a bad payment gateway may significantly affect sales.

Our team evaluated seven of the best crypto payment gateways and how they compete. We analyze their best features, pros and cons, and key specs.

Top Pick
BconGlobal
BconGlobal

BconGlobal serves as a decentralized platform for processing cryptocurrency transactions without the need for third-party custody. P2P Funds are transferred directly to users without any intermediary holds.

Visit BconGlobal

Best Cryptocurrency Payment Gateways & Processor

Name Payment Methods Accepted Payment Processing Fees Supported Cryptocurrency Types Settlement Options Link
BconGlobal Cryptocurrency only 1% BTC, BNB Cryptocurrency only Learn More
Binance Pay Debit and Credit Cards/ In-person cash payments/ Bank Transfer Zero Fees BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, TRX, etc. Cash settlements Learn More
NowPayments Credit and debit cards/ bank transfers 0.5% base transaction fee Bitcoin, Ethereum, Ripple, Litecoin, etc. Cash settlements Learn More
BitPay Bank transfer/ Debit/ credit card 1% processing fee Bitcoin, Dogecoin, Ethereum, Litecoin, Gemini, etc. Cash settlements Learn More
CoinPayments Credit and debit cards 1% Bitcoin, Binance Coin, Ethereum, Dogecoin, Tether USD, etc. Cash settlements Learn More
Expert Advice:
krishna rungta

“ Its prudent to sign up with 2 cryptocurrency payment gateways and set one of them as a backup. Your sales will not suffer if your primary crypto payment processor experiences downtime. If the primary processor increase their fees, the backup payment gateway will protect your bottom line.”

1) BconGlobal

BconGlobal serves as a decentralized platform for processing cryptocurrency transactions without the need for third-party custody. It enables users to link their wallets to their respective projects, facilitating direct peer-to-peer payments for goods and services. Transactions occur directly from the buyer’s wallet to the seller’s wallet.

#1 Top Pick
BconGlobal
BconGlobal
5.0

Supported Cryptocurrency Types: BTC, BNB

Settlement Options: Cryptocurrency only

Payment Processing Fees: 1%

Visit BconGlobal

Features:

  • P2P Funds are transferred directly to users without any intermediary holds.
  • Enhanced security measures safeguard against fund blocking or freezing.
  • Seamless integration via downloadable plugins and wallet address specification.
  • Pre-developed plugins for platforms like WordPress, Opencart, and Shopify (with ongoing development).
  • Streamlined registration process with no KYC checks, only requiring email and password.
  • Competitive transaction fees at 1% of the transaction amount, charged separately.
  • Support for BTC and BNB (BEP-20) blockchains, with additional blockchain integrations in progress.
  • Accessible API for custom payment solution development.
  • Lucrative referral program offering a 20% commission on service fees.
  • Compatibility with various wallets including blockchain.com, electrum, ledger, trezor, metamask, rabby wallet, exodus, wasabi, and others.
  • Comprehensive statistical insights available within the user’s account.
  • Direct peer-to-peer payments to the seller’s cryptocurrency wallet, ensuring efficient transactions.
  • Supported Cryptocurrency types: BTC, BNB
  • Ecommerce plugins: WordPress, Opencart, Shopify
  • Supported wallets: Electrum, Metamask, Exodus, Wasabi, Ledger, Trezor, Rabby wallet and others

Pros

  • Non-custodiality (The service has no access to your funds).
  • P2P (You receive money directly from your buyers to your connected wallet).
  • Support for almost any wallets, including hardware (cold) wallets.
  • Absence of any holds, restrictions, and blocks from the service.
  • Low fee, 1% (paid separately by topping up the profile balance on the service’s website).

Cons

  • Support for a small number of blockchains. BTC and BNB (BSC chain), Ethereum and Tron are under development.
  • Lack of automatic conversion to stablecoin.

Visit BconGlobal >>

2) Binance Pay

Best for Beginners and Security

Binance Pay is a user-to-user crypto payment that is contactless, borderless, and secure. It has one of the best crypto payment gateway functionalities, allowing merchants to pay, send and accept online payments with no transaction fees. It offers direct merchant, sub-merchant, and channel partner business solutions.

Binance Pay

Features:

  • Binance Pay has the support of over 50 cryptocurrencies and stablecoins.
  • The Platform also offers payment APIs, thus allowing merchants to have complete control of their checkout experience.
  • Binance Pay offers zero gas fees to allow sending crypto to friends and family.
  • It allows users to set their payment preferences.
  • Supported Cryptocurrency Types: BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, and more.
  • Ecommerce Plugins: Binance WordPress Plugins
  • Supported Fiat Currencies: Russian ruble (RUB)/Australian Dollar (AUD)/ Brazilian real (BRL)

Pros

  • The Platform has 65+ tradable cryptocurrencies.
  • Binance Pay offers zero fees on processing fees and one of the lowest fees on merchant services.
  • This crypto platform offers a broader selection of trading options and order types.
  • It offers merchants an opportunity for a trial account.
  • Allows merchants to use the right solution to accept cryptocurrency payments.

Cons

  • Binance is not functional in the US, but the Binance US is more limited.
  • The Platform has no built-in digital wallet.
  • Binance receives some regulatory issues in some countries.

Visit Binance >>

3) NowPayments

Best for Low Fees

NowPayments comes as a complement to the various fees set by other best cryptocurrency payment gateways. The Platform currently gains popularity by accepting Bitcoin, Ethereum, and over 100 other cryptos. It provides merchants additional cryptocurrency payment tools, such as API, invoices, donation widgets, buttons, and CMS plugins.

NowPayments

Features:

  • NowPayments lets users accept payments in over 75 cryptocurrencies.
  • It gives merchants several tools, including API, invoices, and widgets.
  • The Platform also offers non-custodial solutions for users.
  • Offers the lowest fees on the market, at 0.5% and lower.
  • The Platform has advanced support and offers a personal account manager to resolve issues the whole way through.
  • Supported Cryptocurrency Types: BTC, ETH, XRP, USDT, LTC, BCH, DOGE, XNO, and more.
  • Ecommerce Plugins: WooCommerce, Zencart, PretaShop, Opencart, WHMCS, Magento 2
  • Supported Fiat Money: USD/British Pounds Sterling (GBP)/ EUR

Pros

  • There are plugins available for a variety of CMS platforms.
  • The Platform can accept over 50 cryptocurrencies on a user’s website or by invoice.
  • It allows one to receive instant payouts to their wallet or bank account.

Cons

  • The Platform creates an intermediary, making the process expensive.
  • Nowpayments has no support for layer-two systems.

Visit NowPayments >>

4) BitPay

Best for Bitcoin Payments

BitPay is the earliest Platform for trading and accepting cryptocurrency payments. It reduces the chances of price volatility. BitPay allows users to receive funds directly from their bank accounts. The platform also offers customizable security features.

Online businesses accept cryptocurrency payments through eCommerce sites, in-person, and invoices through email.

BitPay

Features:

  • Bitpay offers direct bank deposits.
  • Two-factor verification features provide security for the user.
  • The Platform has a cryptographically secure API, blocking all hacking attempts.
  • Bitpay also includes email, mobile, and server payment notifications.
  • Supported Crypto Types: BTC/BCH/ETH/WBTC/APE/LTC/DOGE/SHIB/EUROC/GUSD/USDC/USDP
  • Ecommerce Plugins: WooCommerce, Shopify, WHMCS, Opnecart, Zencart
  • Supported Fiat Currencies: US Dollar, Euro, Sterling Pound, Canadian Dollar, Chinese Yuan

Pros

  • Allows users to use either their computers or smartphones to receive any amount.
  • The Platform offers users a borderless payment network and the best bid exchange rates.
  • Bitpay can easily integrate into any existing system.

Cons

  • Some people have cited the Platform as a scam
  • The customer service is poor and often unhelpful.

Link: https://bitpay.com/

5) CoinPayments

Best for Global Crypto Payments

CoinPayments has been operating since 2013 as one of the most preferred payment gateways, aligning with a broader number of cryptocurrencies.

It is one of the best crypto payments gateway, operational in over 200 countries, making it the best for global crypto payments. It serves as a digital payment platform more than a wallet.

CoinPayments

Features:

  • The Platform is a multi-coin wallet, in that one wallet can hold over 2000 coins.
  • Crypto payments allow users to accept crypto payments through APIs and mobile POS systems.
  • The Platform has top-notch security through its two-factor authentication (2FA).
  • Users can buy crypto within the app by using a debit or credit card.
  • Supported Crypto Types: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Dogecoin (DOGE), and Tether USD (USDT)
  • Ecommerce Plugins: Shopify, WooCommerce, Magneto, and Opencart.
  • Supported Fiat Currencies: AUD/CAD/EUR/GBP/USD/USDC/BRL

Pros

  • The Platform has a low processing fee of just 0.5%.
  • It also has a conversion feature that allows for in-app crypto exchanges.
  • CoinPayments application helps merchants to accept crypto payments.

Cons

  • It is a custodial wallet, which makes users trust their funds are safe with the company.
  • The wallet’s code is not open source

Link: https://www.coinpayments.net/

6) DePay

Best Payment Gateway without Signup

DePay foreruns Web3 payments with the ability of Decentralized Finance (DeFi). Therefore, it leads to the massive adoption of blockchain-based payments.

DePay offers a different perspective on payment and receiving cryptocurrency. It is always a concern for users to access a platform with low or no fees.

DePay

Features:

  • No sign-up is required for the Platform to work, as one can quickly integrate DePay.
  • DePay also allows peer-to-peer payment, so no one else can hold funds unless it’s the user.
  • The Platform also supports leading blockchains and wallets.
  • DePay offers a 1% transaction fee.
  • Supported Crypto Types: BTC/BCH/ETH/WBTC/APE/LTC/DOGE/SHIB/EUROC/GUSD/USDC/USDP
  • Ecommerce Plugins: WordPress Plugins
  • Supported Fiat Currencies: USD, CAD, EUR, PHP, INR, IDR

Pros

  • DePay increases the possibility of payment conversion.
  • There is the prevention of fraud through the decentralization of DePay.
  • Funds go directly to the intended recipient, as there is no third-party involvement.

Cons

  • The Platform may be challenging for beginners to understand.
  • It is easier to access users’ personal and public data.

Link: https://depay.com/

What are the Advantages of using Crypto Payment Gateway services?

Crypto payment gateways offer a few unique advantages to the customer and the merchant.

Following are some benefits of using crypto payment gateways:

  • There are no Chargebacks: There are no refunds or chargebacks, which increases the security of transactions.
  • Anonymous Payments: This boosts the security of individuals undertaking digital transactions.
  • Offers Quicker Transactions: Paying with crypto in payment gateways makes the process rapid, as there are no intermediate third parties in the transactions.
  • Works Well with all operating systems: Crypto payment gateways, as is with all Decentralized payment gateways, work well with Android, iOS, or even Windows, making it easier for its integration.

What should you look for in a cryptocurrency payment gateway when transacting?

Here are some essential factors to consider when choosing a suitable payment processor include:

  • Consider if the payment gateway is cost-effective: An essential factor is a total cost an individual will incur while setting up the payment processor.
  • Types of cards allowed: The cards would coincide with what an individual has. Many payment gateways often use Visa, Mastercard, and Amex credit cards.
  • The holding time of the payment gateways: The money in transactions is held for several days before settling into a person’s account.
  • The number of currencies supported: When it is engaged in international businesses, the payment gateway should be able to handle different currencies from different countries.
  • The security of the payment gateway: The security of the payment gateway should be a high priority since one store’s sensitive financial information online.
  • The limits of the payment gateway: One should choose a payment gateway within their transaction limit.
  • Able to integrate with other systems: The payment gateway is worth considering if it can connect to the different invoicing and accounting software to keep a record of transactions.

FAQs

Here are the Best Crypto Payment Gateways:

Here are some major risks of using Crypto Payment Gateways:

  • The platforms may be prone to malware, making wallets susceptible to insecurities.
  • Payment gateways have a wider attack surface. Here, if an employee is compromised, it exposes the entire exchange.
  • Cryptocurrency gateways are open to software vulnerabilities hidden in their APIs or integrations.

Best Bitcoin Payment Gateways & Processors

Name Payment Methods Accepted Payment Processing Fees Supported Cryptocurrency Types Settlement Options Link
BconGlobal Cryptocurrency only 1% BTC, BNB Cryptocurrency only Learn More
Binance Pay Debit and Credit Cards/ In-person cash payments/ Bank Transfer Zero Fees BTC, BNB, BUSD, ETH, ADA, ATOM, BCH, DASH, DOGE, TRX, etc. Cash settlements Learn More
NowPayments Credit and debit cards/ bank transfers 0.5% base transaction fee Bitcoin, Ethereum, Ripple, Litecoin, etc. Cash settlements Learn More
BitPay Bank transfer/ Debit/ credit card 1% processing fee Bitcoin, Dogecoin, Ethereum, Litecoin, Gemini, etc. Cash settlements Learn More
CoinPayments Credit and debit cards 1% Bitcoin, Binance Coin, Ethereum, Dogecoin, Tether USD, etc. Cash settlements Learn More

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