Dominyka is a Copywriter at CoinGate. During her career as a copywriter, journalist, and communication specialist, she had the opportunity to handle a wide range of topics, from human rights to lifestyle articles, technology, and now crypto. She sees the importance of new technologies spread and a need for educational and usable content.

Vilius is a seasoned copywriter and bitcoin enthusiast specializing in blockchain and cryptocurrency topics. He's been with CoinGate since 2018, writing blogs, social media content, sales materials, newsletters, FAQs, and more. He's relentless in pursuing knowledge and a better understanding of the crypto industry, which helps him create meaningful and engaging content every day.

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CoinGate is a Lithuanian-based fintech company founded in 2014. The company offers cryptocurrency payment processing services, as well as trading options.

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Buy gift cards with Bitcoin from more than 1500+ brands. Bitcoin, Litecoin, Ethereum, XRP & many more cryptocurrencies accepted | Instant Email delivery

Buy and receive gift cards for Amazon, eBay & other e-commerce websites that allow you to shop for anything. Pay with BTC, LTC & 10+ cryptos, use instantly.

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Dine in the finest restaurants and drink your favorite beverages using gift cards | Pay with BTC, LTC & 10+ cryptocurrencies. | Instant email delivery.

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Pay for Gift Cards with cryptocurrency like BTC, ETH, LTC, NANO, DOGE, TRX and others, get them delivered straight to you or your friend via email, instantly. Bitcoin & Litecoin Lightning Network supported.

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In 2018, we launched Lightning Network payments on our test shop for the first time. Now, all of our merchants accept Bitcoin Lightning payments by default. But what is Lightning Network and why is it amazing for Bitcoin and cryptocurrency payments in general?
<a class="keychainify-checked" href="https://coingate.com"><img loading="lazy" class="wp-image-1934 size-large aligncenter" src="https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-1024x536.png" alt="Lightning Network - accept LN payments with CoinGate" width="1024" height="536" srcset="https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-150x79.png 150w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-300x157.png 300w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-768x402.png 768w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-1920x1005.png 1920w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-1680x879.png 1680w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-1240x649.png 1240w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-860x450.png 860w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-680x356.png 680w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-500x262.png 500w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-400x209.png 400w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-200x105.png 200w, https://wp-blog-assets.coingate.com/2018/06/lightning_post__-07-50x26.png 50w" sizes="(max-width: 1024px) 100vw, 1024px" /></a>For quite some time Bitcoin has been facing the issue of scaling. With the current capacity of 7-12 transactions per second, many are wondering- how can the network grow to accommodate heavy usage and compete with corporate giants such as Visa?
In its current technological state, Bitcoin itself cannot actually scale far beyond current capacity. Luckily, some clever minds working on the protocol came up with an upgrade called the “<a class="keychainify-checked" style="color: #ff6600;" href="https://en.wikipedia.org/wiki/SegWit" target="_blank" rel="noopener">Segregated Witness</a>“, which was implemented in August after quite some debates and disputes. 
SegWit introduced a number of scalability improvements and solved issues such as transaction malleability. Yet, most importantly, SegWit made it possible for some <a class="keychainify-checked" style="color: #ff6600;" href="https://bitcoincore.org/en/2016/01/26/segwit-benefits/" target="_blank" rel="noopener">very exciting future upgrades</a> to be implemented across the Bitcoin network.
Lightning Network (or simply LN) is one of those upgrades, and it is widely considered to be the next major upgrade to the Bitcoin network. LN is a so-called “second layer” protocol that introduces some very, very cool features without affecting the operations and integrity on the main Bitcoin network layer. 
In our humble but confident opinion, although still at its early stages, this technology will eventually allow Bitcoin to be much quicker, lighter and efficient. 

<h2 style="text-align: justify;">So what does Lightning Network actually do?</h2>
To put it briefly, Lightning Network enables much faster and cheaper transactions in high volumes between users, without the need for network confirmations. 
In simple words, LN connects users (nodes) in a web of so-called “payment channels” independent of the actual Bitcoin network. Using these channels, transactions can be made by users (nodes) “<a class="keychainify-checked" href="https://en.bitcoin.it/wiki/Off-Chain_Transactions" target="_blank" rel="noopener">off-chain</a>“.
Any two parties can establish a payment channel between them. However, if Alice has a channel with Bob, and Bob has a channel with Carol, then Alice can also transact with Carol, relaying the transaction via Bob – without the need to trust the intermediary node. 
This extends to a complex and interconnected network where users are connected with other users across many interlinked channels (<a class="keychainify-checked" style="color: #ff6600;" href="https://lnmainnet.gaben.win/" target="_blank" rel="noopener">see how the web looks in real-time</a> and read a more in-depth guide to how Lightning Payments work <a class="keychainify-checked" style="color: #ff6600;" href="https://dev.lightning.community/overview/">here</a> or <a class="keychainify-checked" style="color: #ff6600;" href="https://lightning.network/lightning-network-technical-summary.pdf" target="_blank" rel="noopener">here</a>). At the time of writing, there were over 2,500 active LN nodes and over 7,500 channels between them on the Bitcoin Lightning Network mainnet.
The transactions made over the Lightning Network are verified and maintained by LN nodes, but they do not have to be immediately settled on the Bitcoin network itself. So, Alice can send some bitcoins to Bob, then Bob can send some back to Alice, without paying miner fees and waiting for confirmations. 
Once Alice and Bob are done transacting between themselves, they can close the channel and settle the resulting net amount on the Bitcoin network.
<h3 style="text-align: justify;">Lightning Network has some really important effects and implications on Bitcoin:</h3>
<ul>
<li>An estimated thousand-fold increase in the capacity of the Bitcoin network;</li>
<li>Transactions that can be trusted in a matter of milliseconds, without network confirmations;</li>
<li>Tiny fees for off-chain transactions – made to LN nodes only; no fees to miners until settling on-chain;</li>
<li>Possibility to make micro-, nano- and even pico- transactions, as small as 1/1000th of 1 satoshi;</li>
<li>Trading Bitcoin in real-time directly from a secure wallet, without depositing funds on exchanges;</li>
<li>Atomic swaps: crypto-to-crypto trading across different blockchains (e.g. LTC to BTC);</li>
<li>Enhanced privacy with only net transaction amounts visible on the blockchain.</li>
</ul>
<h2 style="text-align: justify;">Why has CoinGate implemented Lightning Network?</h2>
Since our inception in 2014, CoinGate was aiming to keep close to the community and the main ideas behind Bitcoin. Lightning Network, although still a fresh new technology, fits exactly in our vision of what Bitcoin should be in the future.
In addition, we believe in being responsible towards the network and its health, and so we have been batching our transactions since 2015, and were among the first cryptocurrency payment processors to integrate SegWit in December 2017. 
<img loading="lazy" class="alignright size-large wp-image-1969" src="https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-1024x555.png" alt="" width="1024" height="555" srcset="https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-1024x555.png 1024w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-150x81.png 150w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-300x163.png 300w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-768x416.png 768w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-1240x672.png 1240w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-860x466.png 860w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-680x369.png 680w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-500x271.png 500w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-400x217.png 400w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-200x108.png 200w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23-50x27.png 50w, https://wp-blog-assets.coingate.com/2018/06/Screen-Shot-2018-06-24-at-00.29.23.png 1332w" sizes="(max-width: 1024px) 100vw, 1024px" />
6-7 transactions in every Bitcoin block are related to CoinGate. To us, this is an amazing achievement, because we already feel a significant part of the entire ecosystem. Lightning Network will enable us to put even less strain on the network.
And so, we are contributing to the cause by spreading the message and helping others implement Lightning payments. 
But our underlying reasoning for launching LN is our strong belief that this technology will have a huge positive impact on Bitcoin as a whole.

In 2018, we launched Lightning Network payments on our test shop for the first time. Now, all of our merchants accept Bitcoin Lightning payments by default.

What is Lightning Network? Intro to Bitcoin Lightning payments

Buy digital assets like Bitcoin, Litecoin and others with credit or debit card and get them straight to your wallet within the 24 hours – no registration is needed! 

<a class="keychainify-checked" style="color: #000000;" href="https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card.png"><img loading="lazy" class="alignright size-full wp-image-3502" src="https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card.png" alt="buy btc with credit card" width="1200" height="627" srcset="https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card.png 1200w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-150x78.png 150w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-300x157.png 300w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-768x401.png 768w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-1024x535.png 1024w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-860x449.png 860w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-680x355.png 680w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-500x261.png 500w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-400x209.png 400w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-200x105.png 200w, https://wp-blog-assets.coingate.com/2018/04/buy-crypto-with-credit-card-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
This step-by-step guide will walk you through the whole process of buying cryptocurrencies with either MasterCard or Visa. Your first purchase at <a class="keychainify-checked" style="color: #ff9900;" href="https://buy.coingate.com/">the dedicated page</a> will usually take up to an hour due to first-time verification procedures. 
However, consecutive purchases will not require you to verify the phone number, email and, in some cases, ID again, so the process will naturally get quicker the next time.
Also, the recent update now allows saving card details as part of the Simplex checkout flow, which means that returning users only need to enter their CVV to complete a transaction!
<h3 style="text-align: justify;">Here’s what you need to be prepared:</h3>
<ul style="text-align: justify;">
<li>Cryptocurrency wallet, or the address of cryptocurrency you intend to buy. Available coins are:BTC / LTC / ETH / XRP / BCH  / BNB / XLM / TRX / ATOM / NANO / BUSD / PAX / DASH / DAI / EOS / USDT / CEL / COTI / HBAR / HEDG / HUSD / ICX / LUNA / MIOTA / TOMO / TUSD / USDC / USDK / XAUT(<a class="keychainify-checked" style="color: #ff6600;" href="https://coingate.com/blog/post/cryptocurrency-wallets-btc-ltc-eth-bch">see our post here for a quick and easy wallet guide</a>);</li>
<li>Credit or debit card;</li>
<li>Mobile phone to take a selfie;</li>
<li>Scanned or photographed images of your passport / national ID card (both sides) / driver’s license (both sides).</li>
</ul>
Helpful hint: If you have the option of using a debit card, there is a higher success rate that the transaction will be approved by the banks.
<h2 style="text-align: justify;">How to buy crypto with a credit card: a step-by-step guide 
</h2>
<h3 style="text-align: justify;">Step #1: Visit <a class="keychainify-checked" style="color: #ff6600;" href="https://buy.coingate.com">a dedicated page</a> and do the following:</h3>
<ol>
<li style="text-align: justify;">Select the cryptocurrency you want to buy; </li>
<li style="text-align: justify;">Enter the purchase amount;</li>
<li style="text-align: justify;">Provide your wallet address; </li>
<li style="text-align: justify;">Click Go To Checkout.</li>
</ol>
<a class="keychainify-checked" style="color: #000000;" href="https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card.png"><img loading="lazy" class="aligncenter size-full wp-image-2047" src="https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card.png" alt="Buy cryptocurrencies with card" width="559" height="452" srcset="https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card.png 559w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card-150x121.png 150w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card-300x243.png 300w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card-500x404.png 500w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card-400x323.png 400w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card-200x162.png 200w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card-50x40.png 50w" sizes="(max-width: 559px) 100vw, 559px" /></a>
<h3 style="text-align: justify;">Step #2: Provide payment information 
</h3>
Enter your credit/debit card information, personal details and billing information. Make sure your card details match the billing address. It is also crucial that you include a correct phone number and email address as in later steps, you will receive verification codes.
In this window, you can also see the amount your card will be charged in selected local currency. The purchase will appear as Buyeglcom-Simplex or Simplex_Paybis in your card statement. Check the box (if you agree to terms and privacy policy), and then click Continue.
Note that you will not be billed just yet – your card will be checked for the required purchase value, and you will then have to proceed to ID verification.
<h3 style="text-align: justify;">Step #3: Verify your credentials 
</h3>
You will now have to verify your email address and phone number. You only need to do it once – if you intend to make more purchases in the future, you won’t have to provide this information again.<img loading="lazy" class="aligncenter size-full wp-image-4625" src="https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50.png" alt="simplex credit card checkout" width="1095" height="667" srcset="https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50.png 1095w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-150x91.png 150w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-300x183.png 300w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-768x468.png 768w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-1024x624.png 1024w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-860x524.png 860w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-680x414.png 680w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-500x305.png 500w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-400x244.png 400w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-200x122.png 200w, https://wp-blog-assets.coingate.com/2018/04/3c0af80f-screenshot_from_2020-12-16_10-52-50-50x30.png 50w" sizes="(max-width: 1095px) 100vw, 1095px" />
Check your inbox for an email confirmation link, and expect a text message with a 4-digit code that you will have to enter on-screen, or a phone call if you indicated a landline number. When you confirm your email address and phone number, the red X marks will turn into check marks, and you can proceed by clicking Continue. 
<a class="keychainify-checked" style="color: #000000;" href="https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3.png"><img loading="lazy" class="aligncenter size-full wp-image-2049" src="https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3.png" alt="Buy bitcoins with card" width="908" height="431" srcset="https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3.png 908w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-150x71.png 150w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-300x142.png 300w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-768x365.png 768w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-860x408.png 860w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-680x323.png 680w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-500x237.png 500w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-400x190.png 400w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-200x95.png 200w, https://wp-blog-assets.coingate.com/2018/04/buy_cryptocurrencies_with_card_step3-50x24.png 50w" sizes="(max-width: 908px) 100vw, 908px" /></a>
<h3 style="text-align: justify;">Step #4: Verify your identity 
</h3>
Now, it’s time to pass a quick KYC verification process. First, select the document you wish to upload. Depending on the country you’re in, you will be provided with several choices. Possible options: passport (double-page), national ID card (both sides), or driver’s license (both sides).<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2018/04/41.png"><img loading="lazy" class="alignright size-full wp-image-3510" src="https://wp-blog-assets.coingate.com/2018/04/41.png" alt="quick kyc buy btc" width="1300" height="700" srcset="https://wp-blog-assets.coingate.com/2018/04/41.png 1300w, https://wp-blog-assets.coingate.com/2018/04/41-150x81.png 150w, https://wp-blog-assets.coingate.com/2018/04/41-300x162.png 300w, https://wp-blog-assets.coingate.com/2018/04/41-768x414.png 768w, https://wp-blog-assets.coingate.com/2018/04/41-1024x551.png 1024w, https://wp-blog-assets.coingate.com/2018/04/41-1240x668.png 1240w, https://wp-blog-assets.coingate.com/2018/04/41-860x463.png 860w, https://wp-blog-assets.coingate.com/2018/04/41-680x366.png 680w, https://wp-blog-assets.coingate.com/2018/04/41-500x269.png 500w, https://wp-blog-assets.coingate.com/2018/04/41-400x215.png 400w, https://wp-blog-assets.coingate.com/2018/04/41-200x108.png 200w, https://wp-blog-assets.coingate.com/2018/04/41-50x27.png 50w" sizes="(max-width: 1300px) 100vw, 1300px" /></a>
Then, click the “Choose file” button and upload the selected document. 
Next up, fill in the identity document details, residential address, and click “Upload document”. 
In very rare cases, you might also need to:
<ul>
<li>3DS –  fill in a code that the bank will send to your phone to verify the transaction</li>
<li>Selfie – upload a selfie while holding your credit card. You’ll see instructions on how to do that if it’s necessary.</li>
</ul>
<h3 style="text-align: justify;">Step 5. Hold on! 
</h3>
You will see a message indicating that your payment request is being processed. This will take a few minutes, and you will receive an email once your payment is approved or declined.
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2018/04/6-fix.png"><img loading="lazy" class="alignright size-full wp-image-3511" src="https://wp-blog-assets.coingate.com/2018/04/6-fix.png" alt="crypto credit card buy" width="1215" height="414" srcset="https://wp-blog-assets.coingate.com/2018/04/6-fix.png 1215w, https://wp-blog-assets.coingate.com/2018/04/6-fix-150x51.png 150w, https://wp-blog-assets.coingate.com/2018/04/6-fix-300x102.png 300w, https://wp-blog-assets.coingate.com/2018/04/6-fix-768x262.png 768w, https://wp-blog-assets.coingate.com/2018/04/6-fix-1024x349.png 1024w, https://wp-blog-assets.coingate.com/2018/04/6-fix-860x293.png 860w, https://wp-blog-assets.coingate.com/2018/04/6-fix-680x232.png 680w, https://wp-blog-assets.coingate.com/2018/04/6-fix-500x170.png 500w, https://wp-blog-assets.coingate.com/2018/04/6-fix-400x136.png 400w, https://wp-blog-assets.coingate.com/2018/04/6-fix-200x68.png 200w, https://wp-blog-assets.coingate.com/2018/04/6-fix-50x17.png 50w" sizes="(max-width: 1215px) 100vw, 1215px" /></a>
If all goes well, your purchased cryptocurrency will reach your wallet in approximately an hour, depending on the blockchain congestion. On very rare occasions, some payments may take up to 24 hours and more to process.
If you want to check your payment status, please enter your payment ID <a class="keychainify-checked" style="color: #ff6600;" href="https://payment-status.simplex.com/#/">here.</a>
You can also contact Simplex Support for assistance at any stage by chat on the checkout page or at <a class="keychainify-checked" style="color: #000000;" href="https://www.simplex.com/support/">Simplex Support.</a>
Did you find this article useful? If so, take a second to subscribe to our blog so you would always stay informed of changes! All it takes is to enter your email down below. Also, don’t forget to check our <a class="keychainify-checked" style="color: #ff6600;" href="https://twitter.com/CoinGatecom">Twitter</a> once in a while where we share all the latest news.  Thanks!

Buy BTC, LTC, XRP, ETH and more cryptocurrencies to your own wallet near-instantly with your credit or debit card. No registration needed!

Guide: buy cryptocurrencies with Credit or Debit card (updated 2021)

<div class="wp-block-image"><figure class="aligncenter"><img loading="lazy" width="2048" height="1072" src="https://wp-blog-assets.coingate.com/2018/04/image-3.png" alt="CoinGate milestones in 2018 - 200,000 payments processed" class="wp-image-1891" srcset="https://wp-blog-assets.coingate.com/2018/04/image-3.png 2048w, https://wp-blog-assets.coingate.com/2018/04/image-3-150x79.png 150w, https://wp-blog-assets.coingate.com/2018/04/image-3-300x157.png 300w, https://wp-blog-assets.coingate.com/2018/04/image-3-768x402.png 768w, https://wp-blog-assets.coingate.com/2018/04/image-3-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2018/04/image-3-1920x1005.png 1920w, https://wp-blog-assets.coingate.com/2018/04/image-3-1680x879.png 1680w, https://wp-blog-assets.coingate.com/2018/04/image-3-1240x649.png 1240w, https://wp-blog-assets.coingate.com/2018/04/image-3-860x450.png 860w, https://wp-blog-assets.coingate.com/2018/04/image-3-680x356.png 680w, https://wp-blog-assets.coingate.com/2018/04/image-3-500x262.png 500w, https://wp-blog-assets.coingate.com/2018/04/image-3-400x209.png 400w, https://wp-blog-assets.coingate.com/2018/04/image-3-200x105.png 200w, https://wp-blog-assets.coingate.com/2018/04/image-3-50x26.png 50w" sizes="(max-width: 2048px) 100vw, 2048px" /></figure></div>







Our team is pleased to be in a unique position of facilitating and promoting blockchain adoption.&nbsp;In 2018, CoinGate has already processed 100,000 cryptocurrency payments for merchants – more than we did in the whole 2017. We are also proud to have crossed the 50,000 mark of registered users on our platform.



<h2>Two big CoinGate milestones!</h2>



Our history in comparison to many blockchain companies is not so short. While many are just now raising funds and building products, our platform is already under development since late 2014. Funded solely by our founders, during these 3 years we built a platform our team is truly proud of.



CoinGate has already processed 200,000 merchant payments&nbsp;since our inception. Although it was a slow start, we picked up the pace in 2016 and grew exponentially in 2017. By now, we believe to have become an important part of the crypto-economy. More than&nbsp;50,000 users have registered with CoinGate, and&nbsp;over 15,000 of them signed up just this year. We have no plans to stop, however – only to improve and grow further.



After explosive growth in 2017, the cryptocurrency market retraced from a total capitalisation of above $800 billion during its peak in January, back to $300 billion. With the market decline, we were, frankly, expecting the payment activity to slow down vastly. However, our order volumes and the interest of merchants in our services barely decreased.



Half of all our historical payments – 100,000 – happened this year, in less than 4 months!&nbsp;In fact, we managed to maintain our processed orders at over 800 a day, on average. Although blockchain technology itself might not have reached the “plateau of productivity” just yet, there does not seem to be a decreasing interest in accepting cryptocurrency payments, either. We honestly believe this year will be an even bigger year for cryptocurrencies in terms of business adoption.



<h2>Our accomplishments in 2018 so far</h2>



This pace of growth, with one milestone after another, is certainly the greatest reward we could ever expect. Now, receiving over 10,000 API requests a day, CoinGate caters for over a thousand active merchants, from small online stores to watch manufacturers to large game retailers. 



<div class="wp-block-image"><figure class="aligncenter"><img loading="lazy" width="300" height="300" src="https://wp-blog-assets.coingate.com/2018/04/coingate-partners-prestashop.png" alt="CoinGate partners with PrestaShop" class="wp-image-1908" srcset="https://wp-blog-assets.coingate.com/2018/04/coingate-partners-prestashop.png 300w, https://wp-blog-assets.coingate.com/2018/04/coingate-partners-prestashop-150x150.png 150w, https://wp-blog-assets.coingate.com/2018/04/coingate-partners-prestashop-200x200.png 200w, https://wp-blog-assets.coingate.com/2018/04/coingate-partners-prestashop-50x50.png 50w" sizes="(max-width: 300px) 100vw, 300px" /></figure></div>



With e-commerce as our main sphere of interest, we are highly enthusiastic about cryptocurrency-enabled everyday online shopping. Keeping this in mind, we went ahead and <a href="https://news.bitcoin.com/80000-new-merchants-in-europe-gains-option-to-accept-crypto/">partnered with PrestaShop</a> to give access to more than 80,000 online shops around Europe to accept cryptocurrency payments in a user-friendly way. Our aim, however, is to promote adoption of blockchain payments not just in Europe, but globally. With high certainty we can claim that we expect CoinGate to scale globally as early as this year!



Having passed the 50,000 user threshold, we are also expanding our offering of cryptocurrency trade services. Just in 2018 alone, we have made it possible to <a href="https://coingate.com/buy/credit-card">buy Litecoin, Ether, Dash and Bitcoin Cash</a>, in addition to Bitcoin, with multiple payment options, including credit cards or bank transfer, and our unique mobile credit purchase method. Also, we have recently introduced QQPay as a payment method, and direct bank transfer options for our international user base in Asia.



<h2>What are we working on right now</h2>



<div class="wp-block-image"><figure class="aligncenter"><img loading="lazy" width="750" height="938" src="https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate.jpg" alt="Pay With Litecoin using CoinGate" class="wp-image-1902" srcset="https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate.jpg 750w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-120x150.jpg 120w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-240x300.jpg 240w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-680x850.jpg 680w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-500x625.jpg 500w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-400x500.jpg 400w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-200x250.jpg 200w, https://wp-blog-assets.coingate.com/2018/04/paywithlitecoin-via-coingate-50x63.jpg 50w" sizes="(max-width: 750px) 100vw, 750px" /></figure></div>



At the start of the year, we set in motion our plan to become a payment processor for multiple native cryptocurrencies. We like to keep our promises, and so native Litecoin payment processing is already up and running on CoinGate! As keen supporters of the Litecoin team and community (as well as the <a href="https://twitter.com/search?src=typd&amp;q=%23PayWithLitecoin">#PayWithLitecoin</a> movement) we saw it only natural to make this cryptocurrency part of CoinGate.



Alongside Litecoin implementation, we gave a big facelift to our payment form, aiming to boost customer payment experience and conversions for merchants (have a peak at the bottom of this post). So far the feedback is great and we are aiming to further improve our platform’s UX in due course. Also, we released a brand new <a href="https://developer.coingate.com">API v2</a> and laid out the infrastructure to support future integrations of new blockchains.&nbsp;



Finally, but equally importantly, are also very keen on becoming the first (and only) cryptocurrency payment processor to implement Lightning Network payments for both Bitcoin and Litecoin! Being a focused, compact and agile team, we are great at doing things quickly. Not to spoil things too early, we will not give much more now, but it is going to be good!



Thank you for reading, and we welcome you to keep updated with our future announcements!



The CoinGate team



…and here is our new invoice design:



<div class="wp-block-image"><figure class="aligncenter"><img loading="lazy" width="1440" height="900" src="https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1.png" alt="CoinGate new invoice design - Bitcoin, Litecoin, 50+ other cryptocurrencies " class="wp-image-1906" srcset="https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1.png 1440w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-150x94.png 150w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-300x188.png 300w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-768x480.png 768w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-1024x640.png 1024w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-1240x775.png 1240w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-860x538.png 860w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-680x425.png 680w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-500x313.png 500w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-400x250.png 400w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-200x125.png 200w, https://wp-blog-assets.coingate.com/2018/04/CoinGate-new-invoice-design-Bitcoin-Litecoin-50-other-cryptocurrencies-1-1-50x31.png 50w" sizes="(max-width: 1440px) 100vw, 1440px" /></figure></div>

In 2018, CoinGate has already processed 100,000 cryptocurrency payments for merchants – more than we did in the whole 2017.

Guide: buy cryptocurrencies with Credit or Debit card (updated 2021)

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