[Wallets](https://revain.org/wallets/) › CoinPayments

# 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

## Key facts

- **Wallet type**: Custodial wallet
- **Who holds the keys**: the provider
- **Developer**: CoinPayments Inc.
- **Official site**: [coinpayments.net](https://www.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. |

## Security incidents

Further incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so they are not listed here.

## 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](https://www.coinpayments.net/)
- FAQ: [www.coinpayments.net/faq](https://www.coinpayments.net/faq)
- Coins and fees: [www.coinpayments.net/coins-fees](https://www.coinpayments.net/coins-fees)
- User Agreement: [www.coinpayments.net/user-agreement](https://www.coinpayments.net/user-agreement)
- Merchant Agreement (USA): [www.coinpayments.net/user-agreement-cp](https://www.coinpayments.net/user-agreement-cp)
- Compliance: [www.coinpayments.net/compliance](https://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](https://www.coinpayments.net/faq)
- [coinpayments.net](https://www.coinpayments.net/user-agreement)
- [coinpayments.net](https://www.coinpayments.net/coins-fees)
- [CoinPayments — Home](https://www.coinpayments.net/)
- [CoinPayments — Legal](https://www.coinpayments.net/legal)
- [CoinPayments — Merchant Agreement (Centauri Pay LLC)](https://www.coinpayments.net/user-agreement-cp)
- [CoinPayments — Compliance](https://www.coinpayments.net/compliance)
- [CoinPayments — About us](https://www.coinpayments.net/about-us)
- [CoinPayments — Alex Alexandrov becomes Group CEO](https://www.coinpayments.net/post/alex-alexandrov-becomes-coinpayments-group-ceo)
- [FinCEN — MSB Registrant Search](https://msb.fincen.gov/msbstateselector.php)

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Page updated: 2026-10-31

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Source: https://revain.org/wallets/coinpayments/