Review on CoinPayments Wallet by Temitope Babatunde
Coinpayment, Gateway for Merchants Who Accepts Cryptos
Mr Alex Alexandov established coinpayment wallet in 2013, in Vancouver Canada. Initially the wallet supported very view cryptocurrencies but today the users has freedom to choose from many cryptos that it supported.
Coinpayment wallet goes beyond being ordinary wallet, but it is a kind of gateway for merchants both retailers and otherwise who is ready to accept crypto as their means of payment to be able to do so through coinpayment wallet. This wallet is so expansive to the extent that it has various plug-ins for all the popular webcarts that are in use today.
It has auto convert, which allows user to convert the crypto that they may hold now to the coin of their choice without having to leave the wallet or transfer their coin to an exchange. The wallet supports three languages.
In terms of security, though they are in custody of the seed phrase of your wallet but they have 2 factor authentication that you must pass through before accessing the wallet. Their support service also is good. The transaction is faster. There is both web and mobile version.
The area one may need to think about is their fees regime, especially if you want to withdraw your coins out of the wallet if compare to others we may say is too much.
Pros
- Support so many cryptocurrencies.
- It has API for more advanced users.
- With coinpayment you can buy gift cards through it.
Cons
- The fees that they charge when you are withdrawing is much.
- They have your seed phrase and password.
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Comments (3)
May 18, 2020
Coinpayment wallet is primarily an online, some might think that mobile version will not function, but the users have testify to it that the mobile version Of the wallet is very good and work perfectly. The mobile version of the coinpayments wallet on Android and apple mobile devices. With your mobile device and coinpayments installed on it you can make payment anytime and anywhere.
May 16, 2020
Coinpayment wallet has auto convert, which allow the user to convert the crypto they hold to the coin of their choice and no need to leave the wallet or transfer coin to an exchange and in term of security the user will pass through 2 factor authentication before they can access the wallet.
May 16, 2020
CoinPayments is a Canadian company offering payment processing services for cryptocurrencies since 2013.
It allows merchants to accept Bitcoin and over 600 altcoins in their store through easy to use plugins, APIs and POS interfaces. With over 2,000,000 vendors across 182 countries.
