Review on CoinPayments Wallet by Rupanshu Kumar
The punch line of this wallet is "Integrated payment gateway for virtual…
The punch line of this wallet is "Integrated payment gateway for virtual currencies such as Bitcoin". So you can call it a wallet as well as a payment gateway as not only its stores your coins and tokens securely, you can buy products and services from vendors via coin payments. Recently, they have launched a peer to peer exchange option as well where you can exchange selected coins. Currently you can exchange only CPS with selected group of coins. CPS is a native coin of Coinpayments just like BNB of Binance.
One of the most important feature of Coin Payments worth mentioning it offer plugins for many web carts used today. You can install a plugin and integrate to the platform directly which is really cool. Talking about applications and accessibility, Coin Payments has mobile apps available for iOS and Android which enables user to access their account or convert coins easily. The platform also allows you to vault your coins through you can set a specific amount of time before which you won't be able to spend them. CoinPayments also provides air drops of new coins and tokens to new and existing users from time to time.
One of the most notable feature of this platform is $PayByName. It enables you to make custom names and pay by that custom name. For example, my pay by name custom name is $Rupanshu which is very easy to remember.
We can say that features like 0.50% deposit fee, fair transaction fee (varies for withdrawal of different coins), two Factor authentication and multi signature makes CoinPayments of the best Virtual currency wallet.
Updated 6 years ago
Rating changed from 5 to 4
Just in, the coin payments have recently partnered with Velas which is the new AI- Operated DPoS. Currently all the CPS holders have been requested to switch their CPS coins to VLX which is the native currency of Velas community. For switching, you just need to log in to coin payments account and request for swap after completing the mandatory KYC. Lets see how it goes and what comes out of this partnership.
Pros
- Supports more than 1200 coins and tokens. Secure and reliable.
Cons
- Fee is high for few coins and tokens based on conversion rate
