CoinGate was founded in 2014 and company run its operations from Vilnius, Lithuania. The company is known for its premium and reliable services. CoinGate also offers multiple payment methods like SEPA bank transfer, international wire, Money Polo, Credit/Debit Cards and mobile phone payments. In this post, we will share the detailed review of CoinGate to give you better insight.
Does CoinGate offer its services in your country?
The company offers all major countries like Canada, Italy, France, Germany, Ecuador, India, Pakistan, Japan, Switzerland, UK and all countries around the world except the United States. However, if you are merchant then you can have a customer from the US and other countries.
CoinGate has two verification levels.
Level 1 includes the trader verification in which trader have to submit a scan of ID or Passport or Driver’s License. To use the mobile payments, you will have to verify your phone number as well.
Level 2 Verification level is for Merchants and you will have to submit following documents to verify yourself.
- Signed copy of your company incorporation certificate
- A scan of your ID or Passport or Driver’s license.
- Company utility bill
- Power of Attorney allowing applicant to co-operate with CoinGate on company’s Behalf (if applicant is different from company’s director)
However, you can see your goods and services via CoinGate and also receive payouts only in Bitcoins.
Limit & Liquidity
You can buy up to 5000 EUR worth of Bitcoin daily but if you want to increase your buying limit then you can contact the customer support. If you are using mobile payment option then you can only buy 50 EUR worth of Bitcoins.
How to create CoinGate Account and Buy Bitcoins?
You can create your CoinGate Account multiple ways.
- Enter Email
- Enter Passwords
- Confirm password
- Agree to terms and conditions
- Solve reCaptcha
- Click “Sign up”
- You will get the confirmation link to activate the account.
- You will need to upload to scan of your id or passport or driver’s license.
- You are all set to buy Bitcoins, you can use any payment method offered by CoinGate.
- For instant transactions, you can use Debit/Credit Cards
- Just click “Sign in with Google/Facebook”
- Give Permissions
- You will land on the Home page of your account.
- You will need to verify yourself by uploading Scan of your ID or passport or Driving License.
You can also buy Bitcoins using your Debit/Credit card without registration via Simplex. Simplex is third-party service which can facilitate you in buying the Bitcoin from CoinGate. You can contact simplex customer support at email@example.com for further information. Simplex supports its services in Australia, Poland, Portugal, Peru, Saudi Arabia, South Africa and many other countries. You can check the full list of supported countries here.
How secure is CoinGate?
CoinGate use state of the art security protocols to protect users’ funds. The company has never faced an attack on their website. The company also offer 2-factor Authentication (2FA) to secure users’ accounts. The company also use dedicated servers to keep all the information secure. Users’ passwords are kept in a hashed format so only users know their passwords.
CoinGate charge 3% of the total Transaction as trade fee. You will also have to pay the Bank transfer fee and PayPal transfer fee if you are receiving money to your bank or PayPal account.
CoinGate customer support is very responsive and they get back to you in 1-3 working days depending on the volume of requests. You can contact customer support by submitting a ticket to their website. You can also contact them via email at firstname.lastname@example.org.
For general information, you can contact via email at email@example.com.
You can also contact them via phone number at +44 203 76 999 38.
CoinGate is undoubtedly one of the best Bitcoin exchange. Company verification process is very simple and you can verify yourself in one day. The company also offer multiple payment options which are admirable as many Bitcoin exchanges are limited to one or two payment options. CoinGate also has clear and transparent track record and everything about the company is positive. CoinGate also charges one of the lowest transfer fees in the world and they offer their services worldwide. Overall we are very much impressed by CoinGate and we will recommend you to use their services. You can also learn about other Bitcoin exchanges on our website.