Alternatives

CoinGate alternative: Crypto Merchant vs CoinGate (2026)

CoinGate ended USDT support in 2025 under the EU's MiCA rules, and it verifies every merchant (KYB) before you can use its merchant tools. Crypto Merchant accepts USDT on six networks, including Tron, and doesn't ask for identity documents when you create an account. CoinGate is still the better choice if you want euros, pounds or dollars paid to your bank, or a plugin for your store.

Last checked: 29 October 2026

Crypto Merchant wrote this comparison, and we're not affiliated with any gateway named here. Every competitor fact comes from the vendor's own pages, linked under the table. Prices and terms change, so check them before you decide.

How does Crypto Merchant compare with CoinGate?

CoinGate settles to bank accounts and has plugins, but no longer accepts USDT. Crypto Merchant accepts USDT and USDC on six networks each, but pays out in crypto only.

Feature	Crypto Merchant	CoinGate
Payment fee	1% of each paid invoice, in the coin paid, deducted when it's credited. Expired or cancelled invoices cost nothing.	1% per transaction on the Standard plan; custom on Enterprise.^[1]
Monthly and setup fees	None, and no setup fee. Going live takes a one-time $25 payment, credited in full to your gas balance for network fees. It isn't refunded as cash.	None on either plan.^[1]
Conversion	Optional: swap everything into one holding coin. The rate is the live market price and includes a service margin.	1% on manual exchange on the platform; automatic conversion at checkout is excluded from that fee.^[1]
Payouts and withdrawals	Any time, no minimum, no Crypto Merchant payout fee: network fee only. Each coin to its own address, or swapped into one holding coin first.	Crypto and SEPA withdrawals free from 50 EUR; SWIFT 0.50%; automatic weekly settlement on Standard. Crypto payouts cost 0.50 EUR + 0.5% (+1.5% with conversion).^[1]
KYC or KYB to sign up	Email, name and business name. We don't ask for identity documents when you create an account.	KYB is mandatory: “There is no way around it if you wish to access merchants tools”.^[4]
Custody	Custodial. We hold the keys; every wallet comes from one recovery phrase kept offline on paper. Payments collect in a pool wallet dedicated to your business.	Custodial merchant balance with weekly settlement (our inference from the pricing page).^[1]
Coins and networks	11 coins on 11 networks. USDT on Ethereum, BNB Smart Chain, Polygon, Arbitrum One, Tron and Solana. USDC on Ethereum, BNB Smart Chain, Polygon, Base, Arbitrum One and Solana. Plus BTC, ETH, LTC, SOL, XRP, BNB, TRX, POL and GRAM (TON).	13 coins, including BTC (with Lightning), ETH, LTC, XRP, TRX, SOL, USDC and EURC. No USDT: support ended under MiCA in 2025. USDC on Ethereum, BNB Smart Chain, Solana, Polygon, Arbitrum, Base and Optimism.^[2],[3]
Country limits	Anyone, in any country, can sign up. The Terms prohibit illegal goods, fraud and sanctions evasion.	Publishes a list of supported countries; others are asked to contact sales.^[5]
E-commerce plugins	None: no WooCommerce, Shopify or WHMCS plugin. Use payment links, the hosted checkout or the API.	WooCommerce, WHMCS, Magento 2, PrestaShop, OpenCart and Wix.^[6]
Fiat (bank) settlement	No. Crypto only: payouts go to crypto addresses.	Yes: instant conversion to EUR, GBP, USD or stablecoins, and payouts to a bank.^[1],[6]
API and webhooks	REST API with Bearer keys for invoices, payment links, balances and coins. Webhooks signed with HMAC-SHA256, retried for about two days.	API and hosted checkout. Webhooks not confirmed.^[6]
Payment links	Yes: fixed-price or pay-what-you-want links, a hosted checkout page and invoices.	No-code invoices, and billing by email or direct link.^[6]

Every Crypto Merchant cost is on the pricing page, and every API field in the API reference.

Sources

Every CoinGate fact in the table comes from these pages, checked 29 October 2026. “Not confirmed” means none of them stated it.

[1]Pricing: https://coingate.com/pricing
[2]Supported currencies: https://coingate.com/supported-currencies
[3]Blog: USDT and DAI discontinued, updated 30 July 2026: https://coingate.com/blog/post/usdt-dai-discontinued
[4]Blog: verifying a merchant account: https://coingate.com/blog/post/verify-merchant-account-faq
[5]Supported countries: https://coingate.com/supported-countries
[6]Accepting payments: https://coingate.com/accept

When is CoinGate the better choice?

CoinGate is the better choice if you need bank settlement in euros, pounds or dollars, or a plugin for your store.

You want fiat in a bank account: CoinGate converts to EUR, GBP or USD and pays out by SEPA or SWIFT. Crypto Merchant pays out in crypto only.
You sell through WooCommerce, WHMCS, Magento, PrestaShop, OpenCart or Wix and want a plugin.
You'd rather use a gateway that verifies every merchant and has shaped its coin list around the EU's MiCA rules.
You need Lightning, EURC, BCH, DOGE or SHIB, which Crypto Merchant doesn't accept.
You want a provider with a track record and reviews. Crypto Merchant launched on 28 October 2026 and has neither yet.

When does Crypto Merchant fit better?

Crypto Merchant fits better if your customers pay in USDT, or you don't want to send company documents.

Your customers pay in USDT. Crypto Merchant accepts it on Tron, Ethereum, BNB Smart Chain, Polygon, Arbitrum One and Solana; accepting USDT has the details.
You don't want to send company documents: we don't ask for identity documents when you create an account.
Your country isn't on CoinGate's supported list. Anyone, in any country, can sign up; our Terms still prohibit sanctions evasion and illegal goods.
You keep earnings in crypto and pay out often: no minimum and no Crypto Merchant payout fee, where CoinGate's free withdrawals start at 50 EUR.

How do I switch from CoinGate to Crypto Merchant?

Sign up, go live with one payment, then point your checkout and webhooks at Crypto Merchant. There's no plugin to install: you use payment links, the hosted checkout or the API.

1
Create an account
Sign up with your email, your name and your business name. We don't ask for identity documents when you create an account.
2
Go live
Turn on the coins and networks you want, then make the one-time $25 go-live payment in any coin. It's credited in full to your gas balance, which pays network fees, and isn't refunded as cash if you close the account.
3
Start taking payments
Share your checkout page, create payment links or invoices in the portal, or create invoices from your site with the API.
4
Point your webhooks
Add your server's HTTPS address under Developers, check the CM-Signature header on every event, and fulfil orders on invoice.paid. Webhooks has the details.
5
Wind down CoinGate
Keep CoinGate running until its open invoices are paid or expired and its last settlement has reached you, then remove its plugin or API calls.

Frequently asked questions

Does CoinGate support USDT?

No. CoinGate ended USDT and DAI support under the EU's MiCA rules: USDT stopped as a settlement currency on 26 February 2025, and remaining balances were converted to USDC on 24 March 2025. Crypto Merchant accepts USDT on six networks, including Tron.

Does CoinGate require KYC?

Yes. CoinGate requires business verification (KYB) for merchant accounts and says there is no way around it if you want to use its merchant tools. Crypto Merchant doesn't ask for identity documents when you create an account.

How much does CoinGate charge?

1% per transaction on its Standard plan, with no monthly fee. Manual exchanges cost 1%, crypto payouts 0.50 EUR plus 0.5%, and SWIFT withdrawals 0.50%; crypto and SEPA withdrawals are free from 50 EUR.

Can I accept USDT on Tron with Crypto Merchant?

Yes. Customers can pay USDT on Tron, Ethereum, BNB Smart Chain, Polygon, Arbitrum One or Solana. You pay 1% of each paid invoice, and the network fees for moving USDT come from your gas balance.

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