OpenNode vs CoinPayments
Side-by-side comparison of fees, features, integrations, and more
| Feature | OpenNode | CoinPayments |
|---|---|---|
| Transaction Fee | 1% | 0.5% |
| No KYC | No | No |
| Custodial Mode | Yes | Yes |
| Non-Custodial Mode | No | No |
| API Available | Yes | Yes |
| Avg. Rating | ||
| Year Founded | 2018 | 2013 |
| Overall Score | 47/100 | 63/100 |
OpenNode vs. CoinPayments: Which one is better?
CoinPayments Wins
Verdict
CoinPayments leads in 3 out of 4 comparable categories. However, OpenNode may still be the better choice depending on your specific requirements. Always evaluate based on your business needs.
Frequently Asked Questions
OpenNode and CoinPayments are both crypto payment processors but differ in fees, features, and integrations. OpenNode charges 1% per transaction. CoinPayments charges 0.5% per transaction. OpenNode is based in USA while CoinPayments is based in Cayman Islands.
OpenNode charges 1% per transaction, while CoinPayments charges 0.5%. Both should be evaluated based on your expected transaction volume and business needs.
OpenNode supports Shopify, WooCommerce, PrestaShop, Magento plugins and provides an API. CoinPayments supports Shopify, WooCommerce, PrestaShop, Magento plugins and provides an API. The ease of integration depends on your platform and technical requirements.
Both OpenNode and CoinPayments support major cryptocurrencies. OpenNode operates in custodial mode only. CoinPayments 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. OpenNode charges 1% with no setup fee. CoinPayments charges 0.5% 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. OpenNode has a score of 47/100, offers a full API, and supports Shopify, WooCommerce, PrestaShop, Magento. CoinPayments has a score of 63/100, offers a full API, and supports Shopify, WooCommerce, PrestaShop, Magento. Evaluate based on your platform requirements and expected transaction volume.
OpenNode has a dedicated WooCommerce plugin available. CoinPayments 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 OpenNode and CoinPayments 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.
OpenNode operates in custodial mode only, founded in 2018. CoinPayments operates in custodial mode only, founded in 2013. 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. OpenNode has a Trustpilot profile and a G2 profile where you can read user reviews. CoinPayments has a Trustpilot profile and a G2 profile for community feedback. We recommend checking these platforms for the most up-to-date support reviews.