Key features and benefits
Coinify is a global cryptocurrency payment gateway that enables businesses and individuals to easily accept and process payments in various digital currencies. Established in 2014, Coinify has become a prominent player in the crypto payment sector, catering to both small businesses and large enterprises. With a focus on accessibility and security, Coinify has helped streamline the process of accepting cryptocurrencies like Bitcoin, Ethereum, and others.
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Supported Cryptocurrencies: Coinify supports a broad range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and more than 20 other popular digital currencies. This enables merchants to accept various coins, accommodating a wide array of customers.
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Payment Methods: Coinify offers businesses multiple ways to accept crypto payments, including customizable invoices, a merchant dashboard, and a point-of-sale (POS) system for retail transactions. It also provides direct bank transfers and easy integration with existing e-commerce platforms like Shopify and WooCommerce.
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Transaction Speed & Fees: Coinify ensures fast crypto-to-fiat conversions with competitive transaction fees. Payments are processed quickly, and users benefit from near-instant settlement to their bank accounts. Coinify charges a flat fee of 1% for cryptocurrency transactions, which includes exchange and processing fees.
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Security & Compliance: Coinify complies with relevant EU regulations and has implemented robust security measures, including two-factor authentication (2FA), end-to-end encryption, and cold storage for cryptocurrencies. The platform operates under the regulations set by the Danish Financial Supervisory Authority (FSA), ensuring a high level of security and transparency.
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Transaction Speed & Fees: Provides automatic conversions to fiat upon payment confirmation with daily deposits into merchants' bank accounts. Charges a transaction fee of 0.8%, with additional fees for payouts.
Pricing & Fees
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Transaction Fees: Coinify charges a standard transaction fee of 1% for processing crypto payments. This fee includes the cost of converting crypto to fiat and covers network fees.
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Payout Fees: For fiat payouts, Coinify charges a fixed fee of €1 for SEPA transfers and €5 for international wire transfers.
User Experience & Integration
Coinify provides an intuitive platform for both businesses and consumers, with an easy-to-use interface and simple integration process. Its API and plugins for major e-commerce platforms make it easy for merchants to start accepting cryptocurrency payments. The platform is designed to be user-friendly, with clear documentation and responsive customer support for both technical and non-technical users.
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Offers crypto-to-fiat conversions and competitive fees.
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Provides easy integration with e-commerce platforms like Shopify and WooCommerce.
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Provides a free point-of-sale app and WooCommerce plugin.
Learn everything you need to know about accepting cryptocurrencies and stablecoins for your business!
Other providers featured include Confirmo, Finrax, NOWPayments, BitPay, CoinsPaid, CryptoProcessing, CoinGate, CoinPayments, Triple-A, CryptoPay, SmartyPay, ForumPay, Unlimit, Whiteflo, CoryTech, Stitch, Archway, Coinify, BVNK, Bitpace, CityPay, PassimPay, Orbital, Bitso, CoinSmart, and Coinbase Commerce.
Disclaimer
While we strive to provide accurate and up-to-date information, we cannot guarantee the completeness or accuracy of the details presented. Regulations, fees, and service offerings may change over time. We encourage readers to verify all information directly with Confirmo before making any decisions. If you identify any discrepancies or misleading details, please inform us so we can review and update the content accordingly. We are not responsible for any decisions made based on the information provided in this review.