Cryptocurrencies have high market value these days as more and more investors worldwide show a keen interest in trading. Cryptocurrencies, once bought, are not immediately sold and therefore need to be stored in a safe place.

Though they can be stored in the exchange from where they are bought, crypto exchanges are not always safe, and there is no better alternative than storing the crypto holdings in a reliable wallet- whether hardware or software.

CoinPayments is a digital wallet that allows users to send, receive or store their crypto holdings safely without incurring any higher fees for using the wallet’s services. In this CoinPayments review, important points like the CoinPayment’s features, CoinPayments fees, how to use CoinPayments, etc., have been included.

CoinPayments Wallet Summary

Wallet name CoinPayments Wallet Type of Wallet Hot Wallet Coins Accepted 1000+ Native Token None linked Exchange Yes Supported Hardware Wallet No Supported Countries 180+ Languages 10+ Charges Charges TX/Withdrawal Fees Mobile App Yes Cloud Storage No Cold Storage No Customer Support FAQs & Support Wizard

What Is CoinPayments?

CoinPayments Inc. is a Vancouver-based crypto payments platform and an online cryptocurrency wallet founded in 2013. The platform enables users to easily transact with leading cryptocurrencies like Bitcoin, Ethereum, Litecoin, and over 1900 other cryptocurrencies. Since its inception, the platform has established itself as an industry leader by fuelling crypto adoption through fast and secure easy-to-integrate solutions for merchants to accept payments in cryptocurrency. These include exclusive e-commerce shopping cart plugins, payment buttons, custom-made APIs, digital crypto wallets, PoS interfaces, and many other business tools.

CoinPayments boasts of its partnership with almost all leading e-commerce platforms, including Magento, Prestashop, Shopify, WooCommerce, Opencart, and lots more. To date, the platform has processed more than US$10 billion in crypto payments serving over 70,000 merchants in over 200 countries all across the world. Thus, with millions of active users, CoinPayments can be considered as one of the world’s most comprehensive cryptocurrency payment platforms. It charges a flat commission of just 0.5%, thereby positioning itself as one of the cheapest payment options in the cryptocurrency industry.

Quick Summary of CoinPayments Wallet

CoinPayments is a comprehensive digital asset payment solution as well as a robust online wallet established in 2013. CoinPayments integrates with leading e-commerce platforms of the world. Hosts advanced technological features like shopping cart plugins, PoS interfaces, APIs, $PayByName, etc. Supports over 1900 cryptocurrencies, including the leading ones like Bitcoin, Litecoin, and Ethereum. Supports Fiat currency settlements for the US or the UK-based customers. Supports mobile applications that are compatible with both iOS and Android devices. Charges a flat commission of 0.5% for all commercial transactions and an additional service charge for using particular services of the wallet. Security breaches were reported in 2017, but the team settled the issue within 6 months by paying back the stolen Ripple coins to the users.

Features of CoinPayments

CoinPayments offer the following interesting features to users:

Multi-Coin Wallet: There are over 1900 altcoins supported on the CoinPayments wallet, and therefore users get a varied list to choose from.

Auto Coin Conversions: This is the default feature of the CoinPayments wallet that allows users to convert coins to other denominations automatically and thus saves a lot of time for the users.

PoS (Point of Sale): The Point of Sale feature facilities on the CoinPayments platform support offline stores and accept in-person payments that most other cryptocurrency wallets cannot offer due to the absence of the PoS features.

GAP600 Instant Confirmations: This is yet another advanced feature hosted on the CoinPayments platform that allows for faster payment confirmations than any other conventional payment method.

Shopping Cart Plug-Ins: CoinPayments supports a shopping cart plugin feature that can be integrated with the existing site of the customers, and therefore customers don’t need to uninstall the existing plugin for installing the CoinPayments plug-in.

$PayByName Purchases: This is yet another advanced feature on the wallet that allows customers to generate custom usernames and execute transactions using those names. These unique usernames can also be used by the merchants to accept the crypto after each trade. Users can receive or send payments without the need to copy and paste the wallet addresses.

Fiat Settlements: CoinPayments supports fiat settlement for the merchants settled in the US or UK. Therefore, users can directly link those settlements with their bank account.

Vault Service: As the name implies, this feature allows users to securely store their coins in a cold wallet for a specified time before spending them.

AirDrops: CoinPayments wallet supports the crediting of AirDropped coins. However, they are credited to the users’ account instead of crediting them to the wallet itself, which sometimes becomes troublesome when users claim those airdropped coins to their individual offline wallet. ICO: CoinPayments at times serves as an ICO hosting platform that allows users to deal with the upcoming ICO’s, including Escrow.

CoinPayments Wallet Review: Pros and Cons

Pros Cons  Easy-to-use.  Security breaches happened in 2017.  Supports multiple altcoins.    Offers vault services that add an extra layer of security.    Generally, an online wallet but also supports a mobile version of the wallet- mobile app.    Flat fee structure.