The cryptocurrency market has been expanding at a pace like never before. As per the the data available, more than 5,300 types of cryptocurrencies are currently being traded in the market with a total market capitalization of more than 200 billion US dollars. The latest market research estimates predict that the worldwide bitcoin payment ecosystem would reach the size of 630 million US dollars by 2025, growing at a double-digit annual rate of 23.4% between 2020 and 2025. 

Let's take an in-depth look at some of the best cryptocurrency payment gateways available on the market. We will try to understand how these cryptocurrency payment solutions compete against each other in providing better services. We will also try to identify the qualities that make a crypto payment platform a contender for the position of best crypto payment processor.

15 Best Crypto Payment Gateways

This is a list of some of the top cryptocurrency gateways available in the market that accept Bitcoin and altcoins as payment. Apart from Bitcoin payment processing, some of the major currencies that these crypto payment processors can help merchants accept include Ethereum, Ripple, Litecoin, etc.

Coinbase 

One of the most used crypto payment processors, Coinbase is a popular means of Bitcoin business transactions. One can download the Coinbase app meant for merchants and start using it for receiving instant crypto payments. The fast crypto-to-fiat payment conversion by Coinbase makes it one of those payment gateways that provide high security against price volatility. Coinbase has high compatibility with almost all of the popular eCommerce CMS platforms. Some of the high-value European markets, such as Italy, Spain, The Netherlands, etc., are among the countries that use Coinbase the most. Its fees start from 0,5% plus a flat fee.

NOWPayments 

NOWPayments is one of the top-most names in the crypto payments space. It is known for its non-custodial, low-fee, easy-to-implement gateway solutions. The gateway helps businesses accept 100+ cryptocurrencies offering a convenient API and various crypto plugins that are ready-to-go. Created in 2019, NOWPayments offers also offers fiat conversion, a PoS solution and a mass payments feature. The NOWPayments gateway is compatible with many well-regarded eCommerce CMS platforms such as WooCommerce and OpenCart. The maximum fee is 1% (0,5% per transaction and 0,5% per auto exchange if needed).

Blockonomics

Blockonomics is known as one of the most sophisticated cryptocurrency payment processors. It is permissionless and does not need any third-party authentication or extra API integration to support the transactions. The procedure to make payments is highly innovative and secure. To pay with cryptocurrency, the user only needs to scan the QR code provided on the webpage of the merchant or from digital wallets. Blockonomics supports a significantly vast range of other cryptocurrencies owing to its built-in integration with Shapeshift. The platform charges a 1% fee. Businesses in major economies such as the US, Germany, France, Canada, UK, etc are among the ones that mostly use Blockonomics.

Coingate

Coingate is another top contender for the position of the best crypto payment gateway of 2021. The crypto payment gateway enables merchants to use Bitcoin and altcoins for their business and also to accept payments in traditional currencies such as USD, Euro, etc. It also provides plugins for eCommerce platforms. The integration with Shapeshift allows Coingate merchants to accept cryptocurrencies, besides Bitcoin. Coingate charges a mere 1% transaction fee for numerous transactions. Diverse economies like Belgium, Brazil, and Japan are the ones among the top countries that use Coingate the most.

Blockchain.info

Often confused with its eponymous technology platform, Blockchain.info is one of the oldest payment gateways in the world of crypto payments. Besides being a well-known crypto wallet, Blockchain.info also offers repository services on behalf of the Blockchain technology and Bitcoin. These services include exploring Blockchain information, exploring news on its developments, and exploring statistical reports. The APIs provided by Blockchain.info is immensely convenient for businesses to integrate. However, one must remember that the integration of Blockchain.info requires the basic knowledge of programming. 

Spectrocoin

Spectrocoin has managed to climb to the top of the charts for two basic reasons. First, it is a free wallet. Secondly, and more importantly, it allows instant exchange of funds. A combination of these two aspects makes Spectrocoins become a heavily used gateway in developed economies such as Italy, Australia, France, etc. Spectrocoin has a high level of compatibility with almost all the popular eCommerce CMS platforms such as Magento, OpenCart, PrestaShop, VirtueMart, WooCommerce, etc. 

One can integrate SpectroCoin APIs on their website to make purchases and transactions in Bitcoins and other currencies. Another unique aspect of Spectrocoin is that it offers Bitcoin Debit Card. The fee structure of Spectrocoin is fixed at a rate of 1% transaction fee for numerous transactions. It's crypto-fiat conversion facilities at the user end also enables it to provide fiat currency payouts to the sellers. 

CoinPayments

CoinPayments transaction fees start from 0.5%. CoinPayments gateway is compatible with a wide range of cryptocurrencies. The count  of cryptocurrencies supported goes over 1200. Not only the gateway allows to accept payments in these currencies, but it also provides crypto to fiat conversion facilities for each of them. CoinPayments allow integration with almost all the well-known e-Commerce platforms, including Shopify, OSCommerce, Magento, and WooCommerce.

Bitpay

One of the most long-lasting crypto payment gateways in the world, Bitpay, came into the market in 2011.You can download the Bitpay app and start accepting online payments and transactions, with the fees starting from 1%. For convenient crypto to fiat transactions, Bitpay also allows Bitpay Debit Cards.  Among its various features, the Bitpay gateway has eCommerce plugins that are open source.

The API-based platform of Bitpay makes it highly interactive to the users. To provide enhanced security, it also offers a two-factor authentication system. Bitpay has multi-user facilities and multilingual support features available for more than forty languages worldwide. Bitpay, over the years, has emerged as a trusted partner for some of the most reputed businesses in the world including Amazon, Master Card, Delta, Bol.com, etc. Bitpay is widely popular as a crypto payment processor that lead to the usage of cryptocurrencies for transactions, such as the United States, United Kingdom, Canada, Germany, etc.

Plisio

Setting up Plisio as a crypto payment gateway is a matter of minutes. It is highly compatible with well-known eCommerce CMS platforms such as Opencart, WHMCS, VirtueMart, WooCommerce, etc. Plisio can offer business-specific solutions, and its APIs are flexible and hassle-free to integrate. The Plisio payment gateway is one of the low-fee providers in the market that charges the lowest fee of 0.5%. Plisio has also an interesting mass payout feature. 

payWALA

It is a highly regarded crypto gateway service both among the merchants and the users. One of the most enticing features of payWALA is that it allows receiving payment directly in Euro or any other fiat currency. The online invoice software of payWALA makes it all the more useful for merchants to accept crypto payments online. A Walahala card that can be to withdraw one’s crypto assets instantly. The gateway is much popular among 26 countries in Europe, including countries like Austria, Belgium, France, Germany, Switzerland, etc.

OpenNode

Immensely efficient in processing Bitcoins payments for business transactions, OpenNode has no sign-up or activation fees. OpenNode works well for both cryptocurrencies and fiat currencies such as USD, EUR, and GBP. Instant payouts and automatic conversions of funds make it an efficient choice for the merchants. OpenNode is compatible with many of the popularly used eCommerce CMS platforms, including Shopify, WooCommerce, Magento, etc. 

CoinsBank

The CoinsBank payment makes it to the list of the potentially best crypto payment gateways by being an all-in-one blockchain payment gateway. It only takes a few clicks to synchronize the gateway with one’s debit card. The mobile application is available for both Android and iOS users. 

CoinsBank allows instant deposit and withdrawal features. The Coinsbank debit card works throughout the globe. Besides its gateway services, Coinsbank also offers an exchange trade platform for customers to gain maximum profits at minimum risks. 

B2BinPAY

Another highly-regarded all-in-one payment solution that works across the globe and works perfectly for both merchants and enterprises is B2BinPAY. One can perform multiple functions using the B2BinPay gateway, which includes sending and receiving funds, storage and exchange, and acceptance of crypto payments online in a way that is safe and secured. Supporting more than 800 coins and tokens, B2BinPay is a globally revered payment gateway providing 24/7 technical support in six languages.

TripleA

TripleA crypto payment gateway is easy to set up. Merchants and sellers who do not have any prior knowledge of programming can integrate the gateway all by themselves. Considered one of the most user-friendly payment gateways, TripleA offers a WooCommerce pluginand an APIs. 

TripleA charges a minimum transaction fee of 0.8%, which is one of the lowest fees in the market. For each transaction happening through the TripleA gateway, the user gets an email notification. There is no additional fee charged by TripleA for subscription, maintenance, or set up.

SpicePay

Spicepay is a highly secure payment gateway and a convenient exchange platform where one can exchange crypto for a wide range of fiat currencies such as USD, EUR, GBP, and CAD. The integration of the payment gateway is easy, and it allows for the withdrawal of funds through PayPal or SEPA wire transfers. Spicepay also offers digital tools to facilitate online donations in cryptocurrency.

Summary

A careful examination of all the 15 payment gateways described above offers us insights into what makes a crypto payment gateway better than the others. It’s a combination of low fees, ease-of-integration for merchants and sellers, and a wide range of functionalities.