CoinPayments vs BitPay
Side-by-side comparison of fees, features, integrations, and more
| Feature | CoinPayments | BitPay |
|---|---|---|
| Transaction Fee | 0.5% | 2% |
| No KYC | No | No |
| Custodial Mode | Yes | Yes |
| Non-Custodial Mode | No | No |
| API Available | Yes | Yes |
| Avg. Rating | ||
| Year Founded | 2013 | 2011 |
| Overall Score | 63/100 | 50/100 |
CoinPayments vs. BitPay: Which one is better?
CoinPayments Wins
Verdict
CoinPayments and BitPay are closely matched across our comparison criteria, but CoinPayments edges ahead with a higher overall score. Still, BitPay may be the better choice depending on your specific requirements.
Frequently Asked Questions
CoinPayments and BitPay are both crypto payment processors but differ in fees, features, and integrations. CoinPayments charges 0.5% per transaction. BitPay charges 2% per transaction. CoinPayments is based in Cayman Islands while BitPay is based in USA.
CoinPayments charges 0.5% per transaction, while BitPay charges 2%. Both should be evaluated based on your expected transaction volume and business needs.
CoinPayments supports Shopify, WooCommerce, PrestaShop, Magento plugins and provides an API. BitPay supports Shopify, WooCommerce, PrestaShop, Magento plugins and provides an API. The ease of integration depends on your platform and technical requirements.
Both CoinPayments and BitPay support major cryptocurrencies. CoinPayments operates in custodial mode only. BitPay operates in custodial mode only. Check each provider's documentation for the full list of supported assets.
For small businesses, key factors are low fees and easy setup. CoinPayments charges 0.5% with no setup fee. BitPay charges 2% with no setup fee. Consider which platform integrations you need when making your decision.
For large businesses, reliability, integration depth, and API access matter most. CoinPayments has a score of 63/100, offers a full API, and supports Shopify, WooCommerce, PrestaShop, Magento. BitPay has a score of 50/100, offers a full API, and supports Shopify, WooCommerce, PrestaShop, Magento. Evaluate based on your platform requirements and expected transaction volume.
CoinPayments has a dedicated WooCommerce plugin available. BitPay has a dedicated WooCommerce plugin available. Both offer WooCommerce plugins, so setup should be straightforward for either.
Settlement speed depends on the cryptocurrency network and each provider's processing. Both CoinPayments and BitPay process payments on-chain, so confirmation times are similar for the same blockchain. The main difference is in fiat conversion and withdrawal processing times, which vary by provider and region.
CoinPayments operates in custodial mode only, founded in 2013. BitPay operates in custodial mode only, founded in 2011. Both providers implement standard security practices. Non-custodial options generally offer more security as funds are not held by a third party.
Customer support quality can be assessed through third-party review platforms. CoinPayments has a Trustpilot profile and a G2 profile where you can read user reviews. BitPay has a Trustpilot profile and a G2 profile for community feedback. We recommend checking these platforms for the most up-to-date support reviews.