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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If you’d ask someone what the best place to buy some Bitcoin or any other cryptocurrency for Euros is, you’d most likely be directed to one of the popular custodial exchanges.
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange.png"><img loading="lazy" class="aligncenter size-full wp-image-3991" src="https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange.png" alt="brokerage services crypto " width="1200" height="628" srcset="https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange.png 1200w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-150x79.png 150w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-300x157.png 300w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-768x402.png 768w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-860x450.png 860w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-680x356.png 680w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-500x262.png 500w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-400x209.png 400w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-200x105.png 200w, https://wp-blog-assets.coingate.com/2020/02/ef01a826-main-trading-vs-exchange-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
Although going to places like Kraken or Bitfinex is not a wrong choice to make, there are numerous other ways to buy digital assets with fiat money that you may not be aware of. And those other options are quite different from the experience you would get when going through exchanges. 
Even though not that widespread, you might also find that less-known crypto purchasing (or selling) methods can often be more attainable and convenient. It all ultimately comes down to your preferences, like how fast you want to deal with it, what lengths are you prepared to go, and how much you intend to trade overall.
With that said, today, we will delve deeper into differences between custodial exchanges and brokerage services like the ones we provide and focus specifically on operations involving fiat. Hopefully, it will shed some light on some more opportunities and possibilities available in today’s market.
<h2 style="text-align: justify;">Fiat deposits and withdrawals on an exchange</h2>
Exchanges work like this – you deposit currency of your choice to a custodial wallet of a service provider, make your order(s) and withdraw whatever you were seeking, or leave it there for future trades. 
It’s perfect for day-to-day traders as crypto-to-crypto trading is very fast, market fees are decent, and there are hundreds of pairs to trade on. However, people that are new to crypto space who want to make one-time fiat trade might find it borderline confusing, time-consuming and costly, especially when it comes to depositing or withdrawing traditional currencies. 
First off, fiat deposits on custodial exchanges usually (although not necessarily) have a few conditions to keep in mind. For example, the majority of exchanges require a minimum deposit amount, which also often carries a deposit fee. But, to make a deposit in the first place, you might also have to open a specific 3rd party bank account to be able to link it to your exchange account. And, after you make a fiat deposit, expect to wait 1-5 days for it to settle.
Then and only then you can make a trade on fiat-to-crypto pair (note that each trade also carries fees). But what if you’d want to exchange your cryptocurrency to fiat and then make a withdrawal?
As with deposits, the situation is similar to withdrawals as well. Every fiat withdrawal will have a minimum amount allowed to pull out, as well as hefty payment processing fee, and waiting time that can stretch out to 10 business days.
<h2 style="text-align: justify;">Fiat deposits and withdrawals at brokerage</h2>
On the other hand, brokerage services such as our work a bit differently, whereas buying or selling digital assets for Euros only takes one payment to make, meaning there are no deposits or withdrawals per se. In general, CoinGate doesn’t allow depositing funds in the same fashion as exchanges because we do not hold our customer’s funds.
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange.jpg"><img loading="lazy" class="aligncenter size-full wp-image-3992" src="https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange.jpg" alt="fiat deposits withdrawals exchange" width="1400" height="936" srcset="https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange.jpg 1400w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-150x100.jpg 150w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-300x201.jpg 300w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-768x513.jpg 768w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-1024x685.jpg 1024w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-1240x829.jpg 1240w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-860x575.jpg 860w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-680x455.jpg 680w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-500x334.jpg 500w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-400x267.jpg 400w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-200x134.jpg 200w, https://wp-blog-assets.coingate.com/2020/02/5d822879-fiat-deposits-and-withdrawals-on-an-exchange-50x33.jpg 50w" sizes="(max-width: 1400px) 100vw, 1400px" /></a>
Instead, we take the current market’s rate, settle all trader transactions on-chain and make requested payouts in 24 hours to a bank account or personal crypto wallet.
For example, if you want to buy a particular cryptocurrency for Euros, all you have to do is indicate your wallet address and make a SEPA bank transfer. Right after your bank transfer reaches us, you will be able to commit to your purchase at any time or immediately. To avoid price fluctuations, we also fix the price at the moment of purchase. 
Wire transfer is not the only way to obtain cryptocurrencies by making a single transfer. We also offer other methods, some of which do not require you to even have an account with us to buy digital assets with fiat.
For example, <a class="keychainify-checked" style="color: #ff6600;" href="https://coingate.com/blog/post/buy-bitcoin-litecoin-ethereum-credit-card" target="_blank" rel="noopener">CoinGate allows buying cryptocurrencies with a debit or credit card</a> and receive coins directly to a personal wallet of your choosing without creating an account. Instead, we apply the practice of the simplified KYC process.  
Besides credit card payments and wire transfers, CoinGate customers can also buy cryptocurrencies with their mobile balance.
<h2 style="text-align: justify;">Safety of custodial exchanges</h2>
There’s a reason why most would recommend custodial exchanges as a go-to choice for obtaining cryptocurrencies with fiat. Not only is it the most popular option, but it might also seem more appealing for those new to crypto space as custodial exchanges lift the burden of securing your own private keys.
However, not having your private keys means that you choose to entrust your funds to exchange rather than taking matters into your hands. This opens up a possibility to lose your funds if an exchange gets hacked or finds itself in other unfortunate situations. 
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds.png"><img loading="lazy" class="aligncenter size-full wp-image-3993" src="https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds.png" alt="exchanges keys" width="1200" height="628" srcset="https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds.png 1200w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-150x79.png 150w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-300x157.png 300w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-768x402.png 768w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-860x450.png 860w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-680x356.png 680w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-500x262.png 500w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-400x209.png 400w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-200x105.png 200w, https://wp-blog-assets.coingate.com/2020/02/2b23649a-exchange-keys-and-funds-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
For example, last year, <a class="keychainify-checked" style="color: #000000;" href="https://www.bloomberg.com/news/articles/2019-05-08/crypto-exchange-giant-binance-reports-a-hack-of-7-000-bitcoin" target="_blank" rel="noopener">Binance suffered from a hack</a> where hackers withdrew 7,000 Bitcoins worth about $40 million at the time via a single transaction in a “large scale security breach”. 
Even though exchanges invest a lot in their security by establishing protective measures like separated servers, 2-factor authentication, advanced encryption technology, cold storages, DDoS protection and others, safety is not guaranteed as it <a class="keychainify-checked" style="color: #000000;" href="https://bitcoinist.com/5-biggest-crypto-exchange-hacks-of-2019/" target="_blank" rel="noopener">still leaves them vulnerable</a> to downtime issues, seizing, hacking or even bankruptcy. 
Besides, there are other known instances where exchanges might crumble, such as market manipulation, insider trading, or failure to recognize forks when they happen.
Currently, <a class="keychainify-checked" style="color: #000000;" href="https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges" target="_blank" rel="noopener">almost 7% of all Bitcoin’s circulating supply is held by custodial exchanges</a>, where all the transactions are tracked on a balance sheet instead of being verified directly on the blockchain. But, as the famous saying goes, “not your keys, not your coins”.
<h2 style="text-align: justify;">Safety of the brokerage</h2>
Although custodial as well, brokerage-type platforms like ours are inherently safer as we do not hold customers’ funds and do not store any private keys. 
Every time a trader buys cryptocurrency on CoinGate using wire transfer, he then sends fiat to our bank account and we send cryptocurrencies to his private wallet. Every time he decides to sell assets for fiat, the payout will go straight to a bank account rather than CoinGate’s account. 
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys.png"><img loading="lazy" class="aligncenter size-full wp-image-3994" src="https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys.png" alt="crypto brokerage btc" width="1200" height="628" srcset="https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys.png 1200w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-150x79.png 150w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-300x157.png 300w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-768x402.png 768w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-860x450.png 860w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-680x356.png 680w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-500x262.png 500w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-400x209.png 400w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-200x105.png 200w, https://wp-blog-assets.coingate.com/2020/02/41f5e977-brokerage-does-not-hold-funds-and-keys-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
However, to gain access to these services, all customers <a class="keychainify-checked" style="color: #000000;" href="https://coingate.com/blog/post/verify-trader-account-guide" target="_blank" rel="noopener">have to be identified</a> to comply with regulatory requirements. It is something that cannot be avoided when dealing with fiat money, whether you’ll go to a brokerage or an exchange.
<h2 style="text-align: justify;">Fiat processing fee of custodial exchanges</h2>
As mentioned before, fees involving fiat procedures can be burdensome. Although they strongly vary from exchange to exchange and depend heavily on your jurisdiction, trading and withdrawing fiat from an exchange will be of limited possibilities and expensive, no matter which way you’d look at it. 
For example, some well-known exchanges allow withdrawing fiat only when paying a minimum fee of 60$, plus a small percentage – meaning the more you withdraw, the more you will have to pay.
<h2 style="text-align: justify;">Fiat processing fee of brokerages</h2>
Whether you come to CoinGate to sell or buy fiat, the fee for processing SEPA requests is 3% flat. No additional fees are included in these services. However, if a new user comes to our platform via referral link, processing fee can be reduced to a mere 2%. 
Check out <a class="keychainify-checked" style="color: #000000;" href="https://coingate.com/blog/post/referral-affiliate-program" target="_blank" rel="noopener">this article</a> if you want to learn more about our referral program.
<h2 style="text-align: justify;">Conclusion</h2>
Exchanges are great if you intend to make trading a part of your daily routine. If you avoid involving fiat, crypto exchanges are probably the best place to settle down. 
However, if you’re someone who’s looking for an inexpensive one-time trade with as little hassle as possible, platforms like <a class="keychainify-checked" style="color: #ff6600;" href="https://coingate.com/" target="_blank" rel="noopener">CoinGate</a> will do wonders for you. 
Do you think that brokerages have advantages over custodial exchanges when it comes to fiat processing? Let us know on <a class="keychainify-checked" style="color: #000000;" href="https://twitter.com/CoinGatecom" target="_blank" rel="noopener">Twitter</a>!

If you’d ask someone what the best place to buy some Bitcoin or any other cryptocurrency for Euros is, you’d most likely be directed to one of the popular custodial exchanges.

Brokerage vs custodial exchange: what’s better for fiat-to-crypto trading?

The vast majority of people that embrace cryptocurrencies, whether they are spenders, traders or crypto-friendly businesses, still have to heavily rely on banks to carry out day-to-day operations.&nbsp;



But what can be done if a bank decides to seize your activities solely because you involve cryptocurrencies in your daily life?



<div class="wp-block-image"><figure class="aligncenter"><a href="https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2.png"><img loading="lazy" width="1200" height="628" src="https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2.png" alt="stablecoins benefits" class="wp-image-3955" srcset="https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2.png 1200w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-150x79.png 150w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-300x157.png 300w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-768x402.png 768w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-860x450.png 860w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-680x356.png 680w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-500x262.png 500w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-400x209.png 400w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-200x105.png 200w, https://wp-blog-assets.coingate.com/2020/01/02c1dce1-stablecoins-v1-2-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a></figure></div>



The reality is that every region and every country has its own rules and understanding about cryptocurrencies. On top of that, all banks perceive blockchain-enabled technologies in a different light.&nbsp;



If that’s not enough, the ever-changing regulatory policies (or lack of them) across the globe doesn’t make it easier to deal with industry’s challenges (however, <a href="https://coingate.com/blog/post/amld5-lithuania" target="_blank" rel="noreferrer noopener">we’re making excellent progress</a> here in Europe).  



Depending on these and many other circumstances, sometimes people get into disputes with their banking providers about whether digital assets are legit enough to be entangled with traditional banking operations.&nbsp;



Unfortunately, in rarer cases, <a style="color: #000000;" href="https://news.bitcoin.com/funds-frozen-account-closed-uk-banks-target-cryptocurrency-owners/" target="_blank" rel="noopener">these situations can lead to unpleasant consequences</a>, such as a needlessly frozen bank account.



Of course, it’s not the only case scenario of how a bank can suddenly put a personal <a style="color: #ff6600;" href="https://news.bitcoin.com/banks-freeze-companys-accounts-after-owner-traded-on-localbitcoins/" target="_blank" rel="noopener">or even business account</a> into peculiar limbo. But whatever the reasons might be and whatever inconveniences they might cause, here we’ll focus on solving two pressing problems:&nbsp;



how to proceed with those cryptocurrencies that you wanted to turn into fiat and place into that now-frozen bank account; and, more importantly, how NOT to lose money due to price volatility of cryptocurrencies in the meantime.&nbsp;



<h2>The untapped potential of fiat-pegged stablecoins</h2>



<a href="https://coingate.com/blog/post/stablecoins-explained-how-they-work" target="_blank" rel="noreferrer noopener">We’ve talked about various types of stablecoins</a> on our blog before. If you’re not familiar with the term, we recommend taking a few minutes to get a grasp of it.



To shortly summarize, stablecoin is precisely what the term implies – a crypto-asset built to maintain a stable value. And yet, it retains all the properties that make cryptocurrencies tick as they do, such as strong security, high transparency, low-cost, and fast transaction.



Right now, these non-volatile digital currencies, especially those pegged to fiat currencies like Euros or US Dollars, are indeed being taken for granted, given the opportunities and flexibility they can provide.&nbsp;



So, let’s create a fictive problem and imagine any crypto-friendly merchant who, for whatever reason, suddenly lost his banking privileges and cannot exchange part of his crypto earnings to fiat. The unpleasant situation staggers his business, which also becomes vulnerable to probable crypto price fluctuations.&nbsp;



What role can stablecoins play here? If to take it one step further – what other good qualities do stablecoins (fiat-pegged or not) have to offer?



<h2>Ways stablecoins help businesses and benefit traders:&nbsp;</h2>



<ul><li>You can exchange your cryptocurrencies to any stablecoin and avoid price fluctuations. Most digital assets are easily tradable for stablecoins on exchanges such as Binance or Bitfinex. Exchanging volatile coins that you don’t want to stablecoins gives you peace of mind during high price fluctuations and plenty of time to sort out unexpected issues with banking partners.&nbsp;&nbsp;</li><li>You have the option to redeem fiat currency for your fiat-pegged stablecoin. No matter which fiat-pegged asset you decide to use, you can request a fiat withdrawal to any viable IBAN address through the entity that issues particular stablecoin, although additional terms apply.&nbsp;<a href="https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2.png"><img loading="lazy" class="aligncenter size-full wp-image-3957" src="https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2.png" alt="benefits of fiat-pegged stablecoins" width="1400" height="1327" srcset="https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2.png 1400w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-150x142.png 150w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-300x284.png 300w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-768x728.png 768w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-1024x971.png 1024w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-1240x1175.png 1240w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-860x815.png 860w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-680x645.png 680w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-500x474.png 500w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-400x379.png 400w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-200x190.png 200w, https://wp-blog-assets.coingate.com/2020/01/6dce1e92-stablecoins-v2-50x47.png 50w" sizes="(max-width: 1400px) 100vw, 1400px" /></a></li><li>You can use stablecoins for settling fast payments globally. Why make an international wire transfer that takes from 1-3 days to go through when you can achieve the same result immediately using stablecoins? Remember – on-chain payments do not abide holidays, working hours, location or interference from 3rd parties – meaning all transactions are always near immediate.</li><li>As already hinted, blockchain-based payment systems eliminate middle-men in the process of transaction, and stablecoins are no exception. Payments with stablecoins are cheaper, faster, and pose no risk of intrusion of a service provider.</li></ul>



Naturally, such privileges do not come without a ruleset, so keep in mind that using regulated fiat-pegged stablecoins also requires you to pass the verification process (that is if you wish to get access to the fiat bridge).&nbsp;



Currently, the most popular choices for fiat-backed stablecoins in the market are TrueUSD (TUSD), Tether (USDT) and Paxos Standard (PAX).



<h2>Does CoinGate provide stablecoin-related services?</h2>



CoinGate users do have an opportunity to include stablecoins in their financing habits.&nbsp;



Currently, we offer two ways of how you can take advantage of them. However, during the year 2020, when we will introduce account balances, we also will vastly expand in terms of what more we can offer to our customers regarding stablecoins.&nbsp;



Here’s what we can do right now:



<ul><li>We offer cryptocurrency settlements to fiat-pegged USDT and crypto-backed Dai stablecoins, meaning you can convert all or portion of collected funds to one of these options and withdraw them to a preferred wallet or exchange.&nbsp;</li><li>Our payment solution also allows accepting Dai, USDT and StableUSD (USDS) payments, as well as keeping these currencies in the original form when received.</li></ul>



In case you have a verified business account and wish to adjust your stablecoins’ settlement options, jump straight to <a href="https://coingate.com/blog/post/payouts-fiat-settlements" target="_blank" rel="noreferrer noopener">this article</a> for further guidance. 



<ul><li>Customers have an option to buy Dai stablecoin by making SEPA bank transfer or paying with mobile balance.</li><li>Lastly, you can sell your currently owned USDS or Dai to us for Euros that go straight to your preferred bank account.&nbsp;&nbsp;</li></ul>



Hopefully, our customers will never have issues discussed in this article. But, in case something goes south, it is always good to know a few alternatives you can use right away, and stablecoins are undoubtedly a way to go. Keep that in mind!



Do you think stablecoins could help your business achieve more in the long term? Let us know right here on <a style="color: #000000;" href="https://twitter.com/CoinGatecom/status/1220301149863120896" target="_blank" rel="noopener">Twitter</a>!

Stablecoins pegged to fiat currencies like US Dollars are indeed being taken for granted, given the opportunities and flexibility they can provide.

How can stablecoins help traders and companies in dire situations?

January has already gained momentum, which means it’s time for us to project our goals for the year 2020!
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1.png"><img loading="lazy" class="aligncenter size-full wp-image-3941" src="https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1.png" alt="CoinGate plans for 2020" width="1200" height="628" srcset="https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1.png 1200w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-150x79.png 150w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-300x157.png 300w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-768x402.png 768w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-860x450.png 860w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-680x356.png 680w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-500x262.png 500w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-400x209.png 400w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-200x105.png 200w, https://wp-blog-assets.coingate.com/2020/01/ecd3039e-roadmap-main-–-1-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
Looking back, 2019 was quite intense with all the <a class="keychainify-checked" style="color: #000000;" href="https://coingate.com/blog/post/aml-compliance-bitcoin-adoption" target="_blank" rel="noopener">new regulatory policies and requirements</a> for crypto-related companies like ours popping up. It is not something we’ve wanted to focus on the most, however, last year, we still ended up dedicating a lot of resources for developing compliance-related features, operations and procedures. 
It took a while to get ready for the 5th AML Directive, which just <a class="keychainify-checked" style="color: #000000;" href="https://coingate.com/blog/post/amld5-lithuania" target="_blank" rel="noopener">went into force this month of January</a>, and we still have lots of work to do in this department. But without these procedures, we couldn’t plan very far in the future, and that’s not our game plan. 
Make no mistake – we’re here for the long run! While some are afraid that these regulations will do more harm than good, we believe a clear regulatory framework, though posing many challenges, will make the crypto ecosystem more transparent and legitimate in the eyes of all.
That’s why it’s so important not only for our company but also for businesses that want to accept cryptocurrency payments without worrying about whether it’s done the right way or not. 
But enough of this rambling! <a class="keychainify-checked" style="color: #000000;" href="https://coingate.com/blog/post/year-2019-highlights" target="_blank" rel="noopener">We still introduced lots of new things in 2019</a>, and a lot more have been planned for the year to come. 
<h2 style="text-align: justify;">CoinGate’s Q1 and Q2</h2>
Although we are delighted to see the growth in pure numbers, we couldn’t meet all of our set goals this year for the same reasons mentioned previously. However, nothing was left abandoned, meaning some things that we wanted to do in 2019 will be done in 2020 instead, and likely even better than we initially planned. 
While the milestones listed below do not represent the whole picture, it will give you a decent glimpse of what we will strive for in the year 2020. That said, let’s jump right into it!
<h3 style="text-align: justify;">New website and dashboard design</h3>
It’s no secret that our website looks somewhat outdated right now. However, we’ve been working on our new web design for quite a while now. And today, we’re happy to finally announce that it’s coming all together in late Q1! 
And, after we launch the new website, significant UI/UX improvements on the invoice and dashboard will follow right after. 
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design.png"><img loading="lazy" class="aligncenter size-full wp-image-3942" src="https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design.png" alt="New website CoinGate" width="1400" height="1369" srcset="https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design.png 1400w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-150x147.png 150w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-300x293.png 300w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-768x751.png 768w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-1024x1001.png 1024w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-1240x1213.png 1240w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-860x841.png 860w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-680x665.png 680w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-500x489.png 500w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-400x391.png 400w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-200x196.png 200w, https://wp-blog-assets.coingate.com/2020/01/61187214-new-web-design-50x49.png 50w" sizes="(max-width: 1400px) 100vw, 1400px" /></a>
<h3 style="text-align: justify;">Merchant directory</h3>
Countless crypto shoppers were asking for it, and we thought there’s no reason NOT to have it, so here it is – we’re launching CoinGate merchant directory alongside our new website design! 
In our new directory, shoppers will have all the tools to find various types of companies that accept cryptocurrencies using CoinGate payment solution. 
There will be plenty of filters to play with, including search options by cryptocurrencies that the vendor accepts, countries, industries and even specific product types.
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2.png"><img loading="lazy" class="aligncenter size-full wp-image-3950" src="https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2.png" alt="merchant crypto directory coingate" width="1200" height="733" srcset="https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2.png 1200w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-150x92.png 150w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-300x183.png 300w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-768x469.png 768w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-1024x625.png 1024w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-860x525.png 860w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-680x415.png 680w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-500x305.png 500w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-400x244.png 400w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-200x122.png 200w, https://wp-blog-assets.coingate.com/2020/01/16d8e395-merchant-directory2-50x31.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
A fully established merchant profile would include the name of a company, website, logo, short description, country, industry and rating (if our customer chooses to enable it). 
Although it’s entirely optional for our vendors to set up a profile on our directory, we know it’s going to be an excellent tool for businesses to achieve broader exposure of their products and services to crypto communities. 
However, this will only be the first step. In time, our directory will be enriched with more features and provide new opportunities for both shoppers and vendors to take advantage of it. 
<h3 style="text-align: justify;">Vouchers </h3>
We plan to introduce a variety of new services throughout the year, and one of them will undoubtedly be vouchers, also known as gift cards!
In due time, our customers will be able to purchase a wide range of different vouchers using any of our supported cryptocurrencies. These could then be used at numerous online shops, including those that do not have a CoinGate payment processing solution set up – simply buy a voucher, go to the store, redeem it, and you’re all set!
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers.png"><img loading="lazy" class="aligncenter size-full wp-image-3944" src="https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers.png" alt="gift cards for crypto" width="1200" height="373" srcset="https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers.png 1200w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-150x47.png 150w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-300x93.png 300w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-768x239.png 768w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-1024x318.png 1024w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-860x267.png 860w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-680x211.png 680w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-500x155.png 500w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-400x124.png 400w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-200x62.png 200w, https://wp-blog-assets.coingate.com/2020/01/c88be926-vouchers-50x16.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
We will likely make it an express checkout option, meaning that, in most cases, we will not ask users to create an account with us. However, registered users might get special treatment by getting better rates or special offers. 
Integration of vouchers to our platform is scheduled at the end of Q1 or early Q2.
<h2 style="text-align: justify;">The biggest aim of the year: account balances!</h2>
Implementing account balances into our platform is the primary focus of ours at the moment, and for a good reason. 
We will be rewiring our system and integrate a fully-fledged custodial wallet, which will allow our users to hold active balances in multiple currencies!
This particular development will enable our customers to perform a wide range of types of transactions with funds placed on our platform (including but not limited to features we’ve listed below). 
After we finish all the groundwork, we will incrementally introduce different types of payment features and operations over the year and beyond. 
Moreover, a lot of efforts will be dedicated to delivering programmatic payments solutions, meaning that all new transaction types and operations will first and foremost be available via our API.
Here are things you should expect to see first:
<ul style="text-align: justify;">
<li>Issue refunds. Right now, shoppers can request for a refund straight on the invoice window in case the order is overpaid. In more complicated cases, a refund form must be issued by us manually. This process will soon improve as merchants will be able to issue, track and manage refund requests by themselves straight from the dashboard. </li>
</ul>
<ul style="text-align: justify;">
<li>Set up recurring payments. A lot of companies run subscription-type businesses where they need to collect cryptocurrency payments from their customers regularly. We are onto it – our clients will soon be able to bill their customers and partners via email. </li>
</ul>
<a class="keychainify-checked" href="https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots.png"><img loading="lazy" class="aligncenter size-full wp-image-3945" src="https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots.png" alt="CoinGate features balances 2020" width="1200" height="628" srcset="https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots.png 1200w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-150x79.png 150w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-300x157.png 300w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-768x402.png 768w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-1024x536.png 1024w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-860x450.png 860w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-680x356.png 680w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-500x262.png 500w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-400x209.png 400w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-200x105.png 200w, https://wp-blog-assets.coingate.com/2020/01/dcc829fa-dots-50x26.png 50w" sizes="(max-width: 1200px) 100vw, 1200px" /></a>
<ul style="text-align: justify;">
<li>Make partial withdrawals. At the moment, our customers choose the settlement currencies and establish payout addresses before the orders are processed. After the account balance update, merchants will have the tools to hold collected funds, as well as split withdrawals into different payout addresses and currencies and more.</li>
</ul>
<ul style="text-align: justify;">
<li>Execute mass payouts. Whether there is a need to send money to suppliers, pay for the company’s expenses, or anything else, businesses will have an option to set up and execute mass cryptocurrency payouts.</li>
</ul>
<ul style="text-align: justify;">
<li>Top-up account balance. Pre-funding your account balance will also be an option, which might be useful while setting up CoinGate business account, or setting up other accounts for subsidiary companies.</li>
</ul>
<ul style="text-align: justify;">
<li>Swap digital assets. Once account balances are in place, swapping digital assets between each other will take only a few clicks on the dashboard!</li>
</ul>
We shall introduce the account balances sometime in late Q1 or early Q2, and start rolling out features mentioned above right after. 
<h2 style="text-align: justify;">Is that it?</h2>
Not in the slightest. However, some ongoing developments are too early to discuss openly. 
Rest assured, 2020 will likely be the biggest year for us by far, and we wish the same for the whole blockchain industry as well. After all, we all want to see it flourish!

January has already gained momentum, which means it’s time for us to project our goals for the year 2020!

How can stablecoins help traders and companies in dire situations?

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