Do you know which payment processors accept cryptocurrencies? Which ones that can also make quick transfers from fiat to Bitcoin, Ethereum or other crypto coins? Here, Crypto Lists gives an overview about what a crypto gateway process is, which ones are the best and which crypto exchanges that support them.
A payment processor like American BTC Direct, Israeli Simplex, Australian Banxa or Swiss based Moonpay are all third-party payment gateways that allows customers and merchants to transact without worries since they enable the instant exchange of cryptocurrencies for fiat currency. Payment gateways for crypto actually makes your work easy because they get rid of the burden of managing a wallet and exchanging crypto to accept Bitcoin and accept Ethereum. Get started with a hassle-free deposit method, where you simply use your mobile device to buy Bitcoin instantly. You can just go and deposit with one of the exchanges below that support the top payment processors. Find the latest top list of payment gateways accepting transfers between fiat and crypto below:
Top 16 sites for buying, selling and trading crypto with Crypto Payment Processors
This is the toplist with the best sites to buy, sell or trade cryptocurrencies with an Crypto Payment Processor. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
Go directly to
- 1 Top 16 sites for buying, selling and trading crypto with Crypto Payment Processors
- 1.1 Summary
- 1.2 Advantages
- 1.3 Disadvantages
- 1.4 What is a Crypto payment processor?
- 1.5 Crypto payment processor Costs
- 1.6 Transaction speed
- 1.7 Crypto payment processor Deposits
- 1.8 Which are the main countries where payment processor for crypto is used
- 1.9 Can you withdraw with Crypto payment processors?
- 1.10 The reputation of Crypto payment processors
- 1.11 Crypto payment processors FAQ
Recently there has been a rise in interest in the crypto verse which has made several countries accept crypto coins as a measure of value. Merchants and customers have been craving an easy and convenient deposit method. Payment gateways have taken the burden of managing crypto wallets, handling the volatility risk associated with crypto coins, and making the transaction process quite short and simple.
Several crypto sites accept crypto payment gateway deposits with several crypto coins such as Bitcoin, Ethereum, and other coins. Moreover, the accounts also allow the subscribers to contribute funding, withdraw, exchange and buy coins.
Sending and accepting crypto payments has become easy due to the introduction of the crypto payment processing gateway. The following are some of the main advantages of using one of them:
+Cryptocurrencies become less volatile due to instant transaction of crypto payment gateways.
+Reduced transaction costs compared to debit and credit card transactions.
+Transactions between merchants and customers are instant and eliminate any existing uncertainties.
+You can receive payments from anywhere due to the availability of crypto.
Besides being of great help and advantageous to merchants and customers by enabling them to buy crypto instantly, crypto payment gateways have the following disadvantages:
It involves third parties which were initially to be bypassed in crypto.
Users rely on the service provider’s ability on maintaining uninterrupted services.
There are possible additional charges when using a payment gateway for crypto.
It is prone to the hacking of the service provider and loss of funds.
There is a low acceptance rate worldwide due to crypto market volatility.
What is a Crypto payment processor?
A Crypto payment Processor functions to receive payments in crypto and convert them into fiat money for subscribers that have accounts with that provider. Currently, the payment gateways can support multiple coins meaning that a payment gateway can accept a Bitcoin payment processor and accept Ethereum payment processor at the same time.
A customer purchases a commodity and pays in crypto. The payment gateway receives the crypto and instantly converts it into fiat currency, based on what the crypto’s market value is at the moment. Then, the exact amount of fiat currency is transferred to the merchant’s account. From there, you can accept payments for Bitcoin by card or any other method available.
Crypto payment processor Costs
Charges pop up in any transaction where cryptocurrency changes hands, whether you’re buying or withdrawing from an exchange, or making or receiving payment in crypto. The following are some of the charges the transactions will attract:
There are Miner fees usually charged to pay miners who validate crypto after completing complex arithmetic and adding them to a blockchain.
There are also Service fees charged by third-party service providers that facilitate transactions, such as buying crypto, sending crypto, and accepting payment on an exchange.
Crypto payment gateway boasts of having instant transactions. This is because the gateway has cut out intermediaries which have reduced the number of hands the crypto has to go through before being added to a merchant’s account. On average transactions can take up to 2 minutes to complete. However, if the payment is being received from a different time zone and the service provider is slightly less productive the turnaround time might increase.
Crypto payment processor Deposits
When depositing an amount into a crypto payment gateway account such as Moonpay, you can follow the following simple steps:
1. Select the exchange account of your choice and sign up,
2. After you are done putting up your account you can go ahead and key in the amount you wish to deposit and press enter.
3. Finally verify your transaction using your preferred security method i.e a password, face ID, or fingerprint.
Which are the main countries where payment processor for crypto is used
Several countries accept the deposit method with the most useful being in the following countries:
Other countries also include South Africa, Nigeria, and Kenya. They are also at the forefront of adopting innovative peer-to-peer payment methods and mobile payments.
Can you withdraw with Crypto payment processors?
Yes, Crypto Payment Processor allows you to withdraw your funds. Crypto payment processors also allow you to send crypto and receive crypto.
The reputation of Crypto payment processors
This payment gateway for crypto allows merchants to accept transactions for crypto including Bitcoin. Users of these payment gateways also appreciate that they can buy and sell altcoins such as Litecoin, Ethereum, Ripple, and Bitcoin Cash.
Crypto payment gateways are currently having stable growth as more individuals are interested in investing in crypto coins. The instant payment feature is another factor that seems to attract individuals to make crypto payments. Interested individuals enjoy the fact that the volatility risk burden has been lifted from their shoulders.
There are several reputable payment gateways such as Coinbase, Coinsgate, and Alfacoins that have used the gateway.
Crypto payment processors FAQ
Below are some of the most frequently asked questions about payment gateways.
Is it safe to use Crypto payment processors for cryptocurrencies?
Yes, these platforms are usually secure because they use a 2-factor and data encryption security feature.
Is Crypto payment processors instant?
Yes, the transactions are instant since the payment gateways have eliminated the intermediaries thus ensuring that transactions are complete within 2 minutes.
Are crypto payment gateways trustworthy?
You can trust transactions made through these channels if they are conducted by any payment gateway that Crypto Lists already vetted.
Are crypto payments accepted in all countries?
Unfortunately, not all countries have accepted cryptocurrencies and identified them as an asset that can be used to store value used as a form of payment due to their volatile nature.
Several countries do accept the payment gateway for crypto hence its increasing popularity.