CoinPayments: keys, security, fees and reviews
Custodial wallet
In short
- Key control
- Custodial: the platform holds the funds received by merchants.
- Risks and caveats
- Custodial service: the platform, not the merchant, holds the funds received.
- Checked
- 31 October 2026
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Key facts
- Wallet type
- Custodial wallet
- Who holds the keys
- the provider
- Developer
- CoinPayments Inc.
- Official site
- coinpayments.net
Key facts checked on 31 October 2026 against official sources.
What is CoinPayments
CoinPayments is a crypto payment processor for businesses. Merchants accept cryptocurrency and stablecoin payments, hold balances in a custodial wallet on the platform, convert them and withdraw them to external wallets or bank accounts. It also offers a separate non-custodial product, DepiPay.
Who holds the keys
| Parameter | Details |
|---|---|
| Key control | Custodial: the platform holds the funds received by merchants. |
| Custody provider | The custodial wallet services are provided by PaidInSatoshi Inc., Centauri Pay LLC or their partners. |
| Segregation | Client assets are said to be kept apart from the company's operating capital. |
| Non-custodial option | DepiPay is a separate non-custodial payment product of the same company. |
Features and supported networks
| Parameter | Details |
|---|---|
| Services | PaidInSatoshi acts as custodian wallet provider, accepts crypto payments for merchants, exchanges crypto, and exchanges crypto to fiat through partners. |
| Supported coins | The fee table lists 21 assets, including BTC, ETH, USDT, USDC, SOL, BNB, XRP, TRX, DOGE, LTC, BCH and DASH; USDT is not offered in EU countries. |
| New and Legacy platforms | The new platform is a separate system that needs a new sign-up and KYC; the Legacy platform is still open for older accounts during the transition. |
| EU/EEA availability | No service to EU/EEA clients since 1 July 2026 because of MiCA; no date set for a return. |
| Restricted countries | Afghanistan, Belarus, Cuba, Haiti, Iran, North Korea, Libya, Myanmar, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen; plus sanctioned persons. |
History
| Date | Event |
|---|---|
| 2013 | Founded by Alex Alexandrov. |
| 2025 | Split into a new platform and a Legacy platform: accounts opened before 2025 stay on Legacy (launch date of the new platform not stated). |
| 23 September 2025 | Current User Agreement (CoinPayments Inc. and PaidInSatoshi Inc.) last updated. |
| 21 November 2025 | Centauri Pay LLC registration received by FinCEN (MSB register). |
| 1 July 2026 | Service to EU/EEA clients stopped (MiCA). |
Risks and caveats
- Custodial service: the platform, not the merchant, holds the funds received.
- No licence is named: Centauri Pay LLC (USA) says it is registered with FinCEN as a money services business and is still seeking state money transmission licences; FinCEN states that a listing is not an endorsement.
- Accounts with no transactions for 12 months are charged 5.5% of the balance for each 12 months of inactivity; logging in does not count as activity.
- Not available to EU/EEA clients since 1 July 2026 (MiCA) or in restricted countries such as Russia, Iran and North Korea.
- The new platform is a separate system with its own sign-up and KYC; funds and data are kept apart from the Legacy platform.
About the developer
- Operator
- CoinPayments Inc., a Cayman Islands exempted company.
- Counterparty (non-EEA users)
- The User Agreement is between the user, CoinPayments Inc. and PaidInSatoshi Inc., a company incorporated in Panama (Panama City).
- US counterparty
- A separate Merchant Agreement (last updated March 2026) is with Centauri Pay LLC, doing business as CoinPayments, Jersey City, New Jersey, USA.
- Registration (USA)
- Centauri Pay LLC says it is registered with FinCEN as a Money Services Business, MSB No. 31000316280641 (a registration, not a licence).
- FinCEN register entry
- The FinCEN MSB Registrant Search lists Centauri Pay LLC, 101 Hudson Street, Jersey City, NJ, with registration received on 21 November 2025. FinCEN states that a listing is not an endorsement.
- State money transmission licences (USA)
- Centauri Pay LLC says it is still seeking state money transmission licences.
- Founder
- Alex Alexandrov, who founded CoinPayments in 2013.
- Leadership
- Founder Alex Alexandrov is Group CEO, succeeding Ali Rafi.
Official links
- Website: www.coinpayments.net
- FAQ: www.coinpayments.net/faq
- Coins and fees: www.coinpayments.net/coins-fees
- User Agreement: www.coinpayments.net/user-agreement
- Merchant Agreement (USA): www.coinpayments.net/user-agreement-cp
- Compliance: www.coinpayments.net/compliance
Questions and answers
Is CoinPayments a wallet or a payment gateway?
Mainly a payment gateway for businesses. Payments land in a custodial wallet on the platform, provided by PaidInSatoshi Inc. or Centauri Pay LLC, and can be converted or withdrawn. For non-custodial acceptance the company offers DepiPay.
Who operates CoinPayments?
CoinPayments Inc., a Cayman Islands exempted company, together with PaidInSatoshi Inc. (Panama). US merchants contract with Centauri Pay LLC (Jersey City, New Jersey), which is registered with FinCEN as a money services business.
Can I use CoinPayments in the EU?
No. Service to EU/EEA clients stopped on 1 July 2026 because of MiCA, and no date has been set for a return.
Sources
- coinpayments.net
- coinpayments.net
- coinpayments.net
- CoinPayments — Home
- CoinPayments — Legal
- CoinPayments — Merchant Agreement (Centauri Pay LLC)
- CoinPayments — Compliance
- CoinPayments — About us
- CoinPayments — Alex Alexandrov becomes Group CEO
- FinCEN — MSB Registrant Search
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