Top 3 Crypto Payment Gateways for Businesses in 2024

The crypto payment method is one of the greatest evolutions witnessed in the e-commerce industry. Many reputed companies are accepting cryptocurrencies as payments. Your business might be the next one to accept crypto payments or maybe a part already accepting but it might be missing out on some of the best crypto payment gateways for accepting crypto payments. So, we're featuring the top 3 crypto payment gateways that can be best in 2024.

1. Coinremitter

Privacy-concerned business owners looking for a crypto payment gateway without KYC may like Coinremitter for accepting crypto payments as it doesn't require any identity proof for registration. It supports some of the popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc.

Coinremitter is also popular for charging low fees to its members. Coinremitter just charges 0.23% processing fees from merchants. While transaction fees depend upon blockchain here. Coinremitter allows merchants to reduce it with an exclusive feature called 'Gas Station'. However, you must note that there is no support for fiat currencies and you can only withdraw your funds from an internal wallet to an external wallet.

The platform also offers open-source plugins for popular e-commerce platforms like WooCommerce, Magento, etc, and APIs for directly accepting crypto payments into merchants' websites. Integrating Coinremitter's crypto API consists of a typical coding process. However, merchants can claim technical support if they're facing difficulties in integrating the crypto API.

Pros:

• Low processing fee

• No KYC required

• Strong security measures

• Express technical support

• Versatile plugins support

Cons:

• Limited cryptocurrencies supported

• No support for fiat currencies

2. CoinGate

CoinGate is one of a few crypto payment gateways with a lightning network, which increases the transaction volume. It offers a wide range of cryptocurrency options to merchants. You can accept payments in 70+ cryptocurrencies with CoinGate. Apart from accepting crypto payments, CoinGate also allows you to trade cryptocurrencies.

Just like most crypto payment gateways for business, CoinGate also offers open-source plugins for e-commerce platforms. Also, it allows merchants to accept payments in their preferred cryptocurrencies. So customers' payments can get transferred to merchants' preferred cryptocurrencies quite easily.

Also, settlements on CoinGate are quite appreciated. The platform allows merchants to transfer their funds into their bank accounts on demand. CoinGate charges 1% transaction fees from merchants. Merchants are allowed to create crypto payment buttons on their websites if they're accepting crypto payments using CoinGate.

Pros:

• A wide range of supported cryptocurrencies
• Fast settlements
• External wallet compatibility

Cons:

• Higher transaction fees
• Settlements are expensive
• No internal wallet
• Not supported in the US

3. Coinbase

Coinbase is one of the most popular crypto trading platforms. Apart from being a trading platform, it works fine as a crypto payment gateway. It offers support for over 200 cryptocurrencies, which are available for payments and trading.

The U.S.-based platform charges 1% transaction fees from members on average. However, you're allowed to opt for no-fee trades with the help of Coinbase One for a monthly membership fee of USD 30. There is a unique feature called 'Coinbase Advanced Trade', which allows individuals to make effortless crypto transactions and limit/stop orders.

Also, Coinbase is one of the few platforms that allows individuals to make faster settlements. Unlike other crypto platforms, individuals don't need to wait to get the transaction cleared. They're allowed to make withdrawals into fiat currencies as soon as they receive cryptocurrencies in their wallets. Coinbase's 'earn while you learn' program allows you to earn while getting educated about crypto trading.

Pros:

• Faster fiat settlements
• 200+ cryptocurrencies supported
• Coinbase One for an affordable price

Cons:

• Complicated fee structure
• Higher fees compared to other crypto payment gateways
• Controversies in the U.S. media
• Slow customer support