I think CoinPayments is a great option too. Crytpo-Crypto only but a whole ton of coins and low fee.

There are so many people out there doing the same thing over and over again. There are currently 90,000 different tokens (https://etherscan.io/tokens) running on just the Ethereum network. This is just down right stupid.

Some people call CoinPayments a scam and don't like the project. But what they are doing is trying to actually do something great. They've built a real digital currency with actual purpose and real tech behind it. At least 80,000 of those token projects are purely here to take your Satoshi's and run.

People are so quick to call companies a scam as soon as they don't like something even if it is completely unrelated to the actual problem they are experiencing. Here we have a guy who is conducting illegal operations and his account is shut down. Kudo's to CoinPayments for doing that IMO. When users are taken advantage of and its brought to their attention they act on it.

You are actually calling CoinPayments a scam when they are only trying to keep users safe and protect them. I hope you can see how ridiculous that sounds.

They spend a significant amount of time trying to prevent this type of behavior. Check out this blog article they just posted literally trying to protect people. https://blog.coinpayments.net/news-features/coinpayments-tips-to-avoid-a-cryptocurrency-scam

It would be really cool to see which tokens are being accepted as the coins payments are upgraded. I will reach out to my community and get things going.

I would assume that you need to talk to CoinPayments about enabling the payment feature. It's gotta be up the the coin to allow the processor, the merchant to opt to accept that coin and the customer to want to pay in that coin.

Wow, this is amazing! I don't think people actually realize how this will impact the crypto payment industry.

Also, it's good to hear that CoinPayments has closed their account once brought to their attention. I don't think it is fair to call CoinPayments a scam because of this incident.

I believe that to be incorrect.

Maybe I'm biased as I have been using the CoinPayments platform for years and know the team personally. However, they are a good company who has been in operation for 5 years working hard to build a platform for the altcoin community. There will always be problems with the illicit use of cryptocurrencies and other methods of value transfer, especially when there is a lack of oversight. CoinPayments is not a marketplace which monitors vendors but a service provider enabling merchants to accept payments in 450 currencies.

They charge a very small fee unlike paypal and other payment gateways. They pass that savings onto the merchant/purchaser and don't take in enough revenue to monitor each and every payment that flows through the system. Think of it like sending payments to any blockchain wallet instead of like an amazon or ebay.

Some ways to protect yourself in the future.

Make sure to check merchant's feedback before purchasing, do research on the store for reviews on social media and other places, even try contacting the merchant beforehand. General rule, If someone is selling something that sounds too good to be true, it probably is. Make sure to use the feedback feature to help rate the merchants accordingly. Always stay vigilant when shopping online! Please be careful, completed transaction funds can't be reversed. If you still wish to purchase from a merchant you do not know, please do not buy the most expensive thing in their store, start with something you can afford to lose if it does not work out. We can't prevent all scams, but with enough people making educated decisions, we can deter scammers together.

Never send money to someone with no track record/review. You wouldn't hand $100 to a random person on the street, why would you do it online?

I like the Coinomi Wallet for hot wallet. The only thing that scares me is that I don't trust myself to not do something stupid like screw up my passphrase, lose my phone or get hacked.

I also have a Trezor Wallet but it doesn't have all the coins I hold available so it's very secure but kind of limited.

CoinPayments is what I generally use for hot wallet because they have 2fa, host all my coins and can help me if i don something like forget my password or need to do a recovery. I just feel better using someone who knows what they're doing and it's free which is a bonus.

Cheers,
Bits

Wonderful - Thank you guys. I appreciate the input.

Hi guys,

I've been keeping quite a bit of funds in my CoinPayments.net wallet since they accept a lot of coins that others don't (yes i know you should not keep funds online). So far they have been great and no complaints.

I have a little business and want to start using them for crypto payments. Has anyone used them as a payments gateway successfully and do you like their service? Secondly, should i use them directly through their Merchant API or should i integrate through Shopify or Woocommerce?

Thank you.

Hi cryp1,

I don't know exactly how it works but you may get more than $625k if the CPS coin compounds monthly.

On the conversion back to FIAT, like all tokens, unless an exchange or settlement provider adopts the coin, FIAT settlement would not be possible. I would think one of the bigger exchanges is going to pick this one up shortly but not getting any guarantees from CoinPayments. Their position is that this is a Utility token for use on the platform. After a year, its anyone's guess.

Good project with a real company and product behind it. Hell of a lot better than the empty claims of so many.

CoinPayments is a legit company. I’ve been using their services for years and never a problem. As a merchant they’re great because you can just use their shopping cart and not have to worry about building your own payment system and wallet. Works great for users who just want to store or convert coins too.

As stated above, if you are converting a super small amount you won't have enough funds to cover the gas/miner fee and third-party conversion fees so don't bother.

When staking the coins on the CoinPayments platform, I understand that there is a 25% annual return. Do I get the coins paid out monthly or how will that work? Are they automatically paid into my wallet or do I have to do something?

Compounding effect makes a big difference when we're talking large volumes.

Returns paid out daily on 1000 CoinPayments Coins compounded over one year: 1284 CPS
Returns paid out monthly on 1000 CoinPayments Coins compounded over one year: 1281 CPS
Returns paid out yearly on 1000 CoinPayments Coins compounded over one year: : 1250 CPS

Luismendescoin,

There appears to be no basis for you claim and (as per BTC requirements) all accusations require some form evidence including TX ID, Addresses, dialogue with support.

CoinPayments is a good company. They have been around since 2013 and I have never had a problem.

Completely agree. This is crypto and CoinPayments is not responsible for where and how you send your money. It's the same as if I put up a bitcoin address, say I'm selling miners at half the going rate and you send it. Its a decentralized market and you are responsible for your own actions.

CoinPayments has always been one of the good guys. They do their best to provide a payment gateway which services a decentralized industry. This is the beauty and the downfall of cryptocurrencies. You, as a user of the system, must protect yourself and be wary of all interactions in this space.


I came across this on their support page which pretty much sums things up:

https://coinpay.freshdesk.com/support/solutions/articles/1000181459-scam-warning

Make sure to check merchant's feedback before purchasing, do research on the store for reviews on social media and other places, even try contacting the merchant beforehand. General rule, If someone is selling something that sounds too good to be true, it probably is. Make sure to use the feedback feature to help rate the merchants accordingly. Always stay vigilant when shopping online! Please be careful, completed transaction funds can't be reversed. If you still wish to purchase from a merchant you do not know, please do not buy the most expensive thing in their store, start with something you can afford to lose if it does not work out. We can't prevent all scams, but with enough people making educated decisions, we can deter scammers together.

CoinPayments has always been one of the good guys. They do their best to provide a payment gateway which services a decentralized industry. This is the beauty and the downfall of cryptocurrencies. You, as a user of the system, must protect yourself and be wary of all interactions in this space.

I came across this on their support page which pretty much sums things up:

https://coinpay.freshdesk.com/support/solutions/articles/1000181459-scam-warning

Make sure to check merchant's feedback before purchasing, do research on the store for reviews on social media and other places, even try contacting the merchant beforehand. General rule, If someone is selling something that sounds too good to be true, it probably is. Make sure to use the feedback feature to help rate the merchants accordingly. Always stay vigilant when shopping online! Please be careful, completed transaction funds can't be reversed. If you still wish to purchase from a merchant you do not know, please do not buy the most expensive thing in their store, start with something you can afford to lose if it does not work out. We can't prevent all scams, but with enough people making educated decisions, we can deter scammers together.

I really like the CoinPayments Wallet service. They're a merchant payment solution but their wallet is the best online for storage of Altcoins. They've been around since 2013, integrated with Shopify, Woocommerce and Coinbase.

They have about 450 coins, support trezor, google 2FA and i hear the ledger nano is coming soon as well. Very secure and have the most coins supported by far. 

Lol ^This guy georgeso^

He's conducting illegal business, with "intention...to expand business and go entirely legal way" while running an HYIP. BTC-e and poloniex won't give him an account and he's calling CoinPayments a pure evil scam.

I feel really sorry for this guy.

In other news, CoinPayments is a great company and I have been working with them for years without problem. One of the oldest in the industry and constantly improving their services. Thumbs up!

COINPAYMENTS PAYS BACK ALL RIPPLE! TRUST RESTORED!

Official Press Release from CoinPayments

On June 5th, 2017 a Ripple theft occurred on the CoinPayments platform due to an error that allowed a few users to withdraw excessive XRP from hot wallet XRP accounts. Due to the rarity of the circumstances, this issue was difficult to detect. CoinPayments has done a full review of our systems and added additional checks and protections to ensure similar issues do not occur again in the future.

This isolated incident was the first of its kind on our platform and affected only ripple wallets which were not taking advantage of our long-term coin storage solution, the Vault. The people who exploited the glitch were not hackers, but other long-term users of our service who made errors or chose not to report the discovered issue and ended up withdrawing other clients’ XRP. Their detailed personal information was collected and they were all contacted to return the funds immediately, while we worked diligently with local and international authorities.

This was NOT a "hack" and CoinPayments did NOT steal anyone's money. This was an isolated incident occurring for the first time in the 4- year history of operation and was specific to the XRP technology integration.

In December 2017, after a long and arduous 6 months, our team at CoinPayments is proud to announce completion of the reimbursement for ALL stolen Ripple (XRP) coins from the CoinPayments Ripple theft. We have remained dedicated to our initial statement and compensated ALL users in FULL for their losses in XRP balance. We have completed a complex back-end rebuild including multiple new safety measures and protocols to ensure this issue never occurs again.

CoinPayments is committed to setting precedence and prosecuting individuals to full extent of the law for abusing our services. We continue to work diligently with the Royal Canadian Mounted Police along with international authorities in France, the Netherlands, Russia and other cooperating countries to complete the long and tedious prosecution of all perpetrators who didn’t return the stolen funds.

We are excited to move forward with integrity and transparency and greatly appreciate all of your patience and support throughout this process.

Sincerely,
Your team at CoinPayments, Inc.

Link to article: https://blog.coinpayments.net/announcements/official-coinpayments-ripple-theft-statement