Coinbase VS CoinPayments

Compare Coinbase VS CoinPayments and see what are their differences

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Coinbase

Bitcoin, safe and easy.

CoinPayments

Payment gateway providing buy now buttons, shopping carts, and more to accept Bitcoin, Litecoin, and other cryptocurrencies/altcoins on your website/online store.

Landing page //
2018-09-30

Landing page //
2023-04-01

Coinbase

Website: coinbase.com
Pricing URL: -

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CoinPayments

Website: coinpayments.net
Pricing URL: Official CoinPayments Pricing

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Coinbase features and specs

User-Friendly Interface
Coinbase offers an intuitive and easy-to-use interface that is ideal for beginners in the cryptocurrency space.
High Liquidity
Coinbase has high liquidity, allowing users to buy and sell cryptocurrencies quickly without significant price slippage.
Security Features
Coinbase employs robust security measures, including two-factor authentication (2FA), insurance against breaches, and cold storage for the majority of users' funds.
Wide Range of Cryptocurrencies
The platform supports a broad selection of cryptocurrencies, making it easier for users to diversify their portfolios.
Educational Resources
Coinbase provides educational content to help users understand cryptocurrency and blockchain technology better.
Regulatory Compliance
Coinbase adheres to stringent regulatory standards, providing a sense of legitimacy and trust for users.
Mobile App
Coinbase offers a mobile app with full functionality, allowing users to manage their portfolio on the go.

Possible disadvantages of Coinbase

High Fees
Coinbase charges relatively high transaction fees compared to other exchange platforms, which can eat into users' profits.
Limited Advanced Trading Features
While it offers a user-friendly experience, Coinbase lacks some of the advanced trading tools and features available on other platforms.
Customer Support
Some users have reported delays and difficulties when trying to reach Coinbase's customer support.
Account Freezes
There have been instances where users have experienced sudden account freezes, which can be problematic when trying to access funds.
Know Your Customer (KYC) Requirements
Coinbase requires extensive personal identification information, which can be off-putting for users who prioritize privacy.
Geographic Restrictions
Certain features and services on Coinbase are limited or unavailable in specific geographic regions.

CoinPayments features and specs

Wide Range of Supported Cryptocurrencies
CoinPayments supports over 2,300 different cryptocurrencies, making it highly versatile for merchants and users who want to handle multiple types of digital assets.
Global Reach
CoinPayments allows for cross-border transactions, making it accessible for businesses and users globally. This can help expand business markets without being limited by geographical boundaries.
Shopping Cart Plugins
The platform offers numerous plugins for popular e-commerce platforms like WooCommerce, Magento, and Shopify, allowing seamless integration and easier setup for online stores.
Low Transaction Fees
CoinPayments features relatively low transaction fees, which can be beneficial for both merchants and customers looking to save on costs.
Multi-signature Wallets
The platform offers multi-signature wallets for added security, ensuring that multiple parties must sign off on a transaction before it is executed.

Possible disadvantages of CoinPayments

Security Concerns
As with any online wallet and payment processor, CoinPayments is not immune to security breaches. There have been instances in the past where the platform has been compromised.
Customer Support Issues
Some users have reported subpar customer support services, with slow response times and unresolved issues, which can be problematic for urgent matters.
Complex User Interface
The platform's user interface can be overwhelming and complex, particularly for beginners who are not familiar with how cryptocurrencies work.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving, and CoinPayments could be affected by new laws and regulations, impacting its operations and user experience.
Occasional Downtime
Users have reported instances of the platform being temporarily unavailable, which can disrupt transactions and pose a risk to time-sensitive payments.

Analysis of Coinbase

Overall verdict

Overall, Coinbase is considered good for those looking to buy, sell, or hold cryptocurrencies. However, it is important to note that its fees can be higher compared to some other platforms, particularly for its simpler buying options.

Why this product is good

Coinbase is one of the largest and most popular cryptocurrency exchanges globally, known for its user-friendly interface, robust security measures, and a wide variety of supported cryptocurrencies. It is a good choice for both beginners and experienced traders due to its intuitive platform and comprehensive educational resources. The exchange is regulated in various jurisdictions, offering a level of credibility and trustworthiness.

Recommended for

Beginner cryptocurrency investors who need an easy-to-use platform.
Users seeking a regulated and secure environment for trading.
Investors interested in a wide variety of supported cryptocurrencies.
Individuals looking for educational resources on cryptocurrency trading.

Analysis of CoinPayments

Overall verdict

CoinPayments is generally regarded as a good option for businesses and individuals looking to accept and manage cryptocurrency payments. Its wide range of supported currencies and ease of integration make it a convenient choice for diverse users. However, users should consider their specific needs and evaluate other options available in the market to ensure the best fit for their requirements.

Why this product is good

CoinPayments is considered a reliable and popular cryptocurrency payment processor due to its extensive support for numerous cryptocurrencies, competitive transaction fees, and user-friendly interface. It also offers additional features like secure multi-sig wallets, automatic coin conversion, and shopping cart plugins for e-commerce platforms, enhancing its functionality for both vendors and customers.

Recommended for

CoinPayments is recommended for small to medium-sized businesses, freelancers, and online merchants who wish to accept a variety of cryptocurrencies without dealing with the complexity of running a full node. It's also suitable for users seeking an easy-to-use platform that provides auxiliary services like wallets and currency conversion.

Coinbase videos

+ Add

Coinbase Commerce vs Bitpay Merchant Services - The Ultimate Crypto Payment Gateway

CoinPayments videos

+ Add

Coinpayments - how to use a Coinpayments account!

Category Popularity

0-100% (relative to Coinbase and CoinPayments)

Coinbase

CoinPayments

Cryptocurrencies

93 93%

Cryptocurrencies

7% 7

Crypto

100 100%

Crypto

0% 0

Crypto Payments

0 0%

Crypto Payments

100% 100

Cryptocurrency Wallets

94 94%

Cryptocurrency Wallets

6% 6

User comments

Share your experience with using Coinbase and CoinPayments. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare Coinbase and CoinPayments

Coinbase Reviews

shah7

· Admin at Coin Master · over 2 years ago

Coinbase is Love

One of the main benefits of Coinbase is its extensive security measures, which include offline storage for a majority of the company's cryptocurrency holdings and advanced security measures for online storage. Additionally, Coinbase is licensed and regulated by several financial authorities, which helps to provide users with a certain level of confidence in the security of their funds.

Best Crypto Payment Gateways 2024

– Real-time Conversion: Coinbase Commerce offers real-time conversion of cryptocurrencies into fiat currency, mitigating price volatility concerns for merchants. This feature enables seamless transactions without the need for manual conversions or additional steps.

Source: bitcoinist.com

9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]

Coinbase Commerce allows small and medium scale businesses to accept crypto payments from customers. Being one of the best crypto exchange platforms, Coinbase supports a wide range of cryptocurrencies. Its Coinbase Pro platform has advanced features to serve professional traders. Businesses can create invoices, simple hosted checkouts, and Coinbase payment buttons using this...

Source: coingape.com

Top Crypto and Bitcoin Payment Processors - Accept Digital Currencies

Moreover, Coinbase Commerce charges only a 1% transaction fee, which is insignificant compared to the benefits it provides. It’s important to mention here that Coinbase Commerce offers the first US$1 million worth of transactions for free, making it one of the cheapest payment processors available today. All in all, if you’re seeking a professional and reliable payment...

Source: originstamp.com

6 Best Coinbase Alternatives for 2022

Coinbase opens the door to the world of cryptocurrencies for many investors. It focuses on simplicity, providing easy access to over 100 cryptocurrencies through a well-designed app, where users buy, sell, and exchange crypto with ease.

Source: investingintheweb.com

Best Crypto Exchanges in Europe in 2022 (Ranked and Reviewed)

While Coinbase is known for its simplicity, the platform has higher transaction fees than its competitors. Users also tend to complain about its customer service, saying that it is hard to contact other humans, with the service being primarily automated. Finally, Coinbase Europe is not a regulated financial service provider for digital currency services.

Source: investingintheweb.com

CoinPayments Reviews

Best Crypto Payment Gateways 2024

– Point-of-Sale Solutions: CoinPayments’ point-of-sale solutions empower brick-and-mortar businesses to accept cryptocurrencies seamlessly. From retail stores to cafes, merchants can leverage CoinPayments’ POS terminals to facilitate crypto transactions with ease.

Source: bitcoinist.com

9 Best Cryptocurrency Payment Gateways Reviewed [January 2023]

CoinPayments has been working in the industry since 2013 and is now one of the most preferred payment gateways. It serves as a digital payment platform in more than 200 countries and helps users to make payments in cryptocurrencies. CoinPayments has a multi-coin wallet feature and also supports a mobile PoS system.

Source: coingape.com

Social recommendations and mentions

Based on our record, Coinbase seems to be a lot more popular than CoinPayments. While we know about 454 links to Coinbase, we've tracked only 28 mentions of CoinPayments. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Coinbase mentions (454)

Ask HN: Who is hiring? (June 2024)
- We move at the pace of a startup, with value to full stack skillset, shipping fast, total ownership - Senior Product Manager, ideally ex-engineer, who has built API products before and written documentation - Engineering Manager for our Commerce team ( https://commerce.coinbase.com/ ) Send your github or resume to nemil.dalal+hn /at Coinbase's domain name. - Source: Hacker News / 12 months ago
reset password email never shows
I have been trying to regain access to my account FOR OVER TWO FUCKING YEARS... The website only leads me in circles with no resolution, the reset password email NEVER shows up.. Yes I have checked my spam folder, yes I have searched for @coinbase.com in my emails search bar, yes I have contacted my email service provider whom states they cant even locate the emails being sent... I just need to reset my password... Source: over 1 year ago
Over $50k was stolen from my account!!!
Late (2am) on the 26th, I received 3 text messages indicating the BTC (and ETH) being sent from my account are being delayed for security reasons. The text had a link (to a coinbase.com domain) to disable my account by clicking on the link. I did so for all 3 transactions (no login was required as it was a token based string) at around 6am when I saw the texts. Source: over 1 year ago
Accept Term problem
I got an e-mail that my account will be discontinued on Sept 25, and I should withdraw my funds. But after log in, I'm stuck on accept term, using app mobile, coinbase.com (firefox, google chrome , and safari) I tried also to connect to VPN but nothing happens. Source: over 1 year ago
Withdrawing money from Binance in the UK - how?
I do have an existing Coinbase.com account if that makes any difference? Source: over 1 year ago

CoinPayments mentions (28)

Did i get scammed?
I traced the transaction and the receiver of the bitcoin is very likely a client of the exchanges Binance with deposit address 12btBTaJ6bNqeaMjMEZWtqLmQdXbwrKy6y and of coinpayments with deposit address 3Drg7n1RxqfTXPAf3yz9HghwVuR3v8CZtp. Source: almost 2 years ago
I'm about to open an online shop which mainly accepts cryptocurrencies and I have a few questions:
I'm looking right now at coinpayments.net and mixpay.me both are looking nice but I never had an opportunity to use any of them either as a customer or seller. If anyone has trusted easy to use solution with the WordPress plugin I would be grateful for advice. Ahh I have to be able to accept Monero. Source: about 2 years ago
$$$ TOP AFFILIATE PROGRAMS 2022 $$$
CoinPayments -- 25% Transaction Fees For 5 Years -- https://coinpayments.net -- Cryptocurrency. Source: almost 3 years ago
Bitcoin has become the perfect currency for gambling
CoinPayments https://coinpayments.net/. Source: about 3 years ago
🎰 LuckyToken (LKT) ♥️ A Provably Fair Casino on BSC ✅ Casino Live 🍀 Presale 8th November - Join Today - Low Starting Market Cap - 1000x Potential
LKT Casino will soon be accepting multiple payment methods via CoinPayments.net, this will be introduced shortly after the token goes live. Source: over 3 years ago