Bitcoin Payments: Eleven-Year Data Overview (2014–2025)

Executive Summary

Bitcoin has been at the core of CoinGate’s payment ecosystem since the very beginning. Integrated in 2014 as our first supported currency, it powered every crypto payment on our platform for four years before others joined. Eleven years later, Bitcoin remains the benchmark for crypto payments, accounting for 44% of all transactions processed on CoinGate between 2014 and 2025.

Industry forecasts align with Bitcoin’s long-term relevance – the Bitcoin payment ecosystem reached an estimated $1.32 billion in 2024 and is expected to grow to $2.75 billion by 2029 (15.4% CAGR), which underscores sustained demand for BTC in global commerce, as The Business Research Company reports.

Even as new assets entered the mix, Bitcoin’s dominance never truly faded. It has consistently ranked as the most used payment method, holding the #1 position every year except 2024, when USDT briefly took the lead. In 2025, Bitcoin reclaimed its crown as the most popular currency on CoinGate – responsible for 22.7% of all payments so far this year, followed by USDT (19.8%), LTC (14%), and USDC (11.5%).

The data shows Bitcoin’s remarkable adaptability. In 2022, transaction volumes grew by 41.7% year-over-year despite a bear market, proving that Bitcoin’s utility in commerce doesn’t rely solely on price cycles. By 2024, stablecoins began capturing share, but in 2025, Bitcoin regained momentum as regulatory implications impacted USDT usage, allowing BTC to once again dominate checkouts.

Bitcoin shoppers span the globe. The United States (40.3%) leads by a wide margin, followed by Germany (6.3%), the United Kingdom (5.8%), the Netherlands (5.2%), and Canada (4%). This geographic mix shows that Bitcoin payments are still concentrated in mature markets like the U.S. and Western Europe, leaving considerable room for growth in emerging regions where access to traditional payment systems remains limited.

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