Coinremitter

What is Coinremitter

Coinremitter is a cryptocurrency payment gateway designed for businesses and online merchants. Its main purpose is to provide a simple and affordable way to accept payments in various digital currencies like Bitcoin, Litecoin, and Dogecoin. The platform is known for its very low processing fee of just 0.23%, which makes it an attractive option for businesses looking to minimize transaction costs. Coinremitter allows merchants to integrate crypto payment options into their websites through plugins or a developer API. It also offers features like invoicing and multi-wallet support. The service operates globally and emphasizes privacy by not requiring mandatory ID verification or a bank account to get started, making it accessible to a wide range of users in over 130 countries.

Coinremitter Features

Coinremitter provides a set of tools to facilitate cryptocurrency transactions for merchants.

• Low Processing Fees: The platform charges a flat fee of 0.23% on withdrawals, which is one of the lowest rates in the market. This helps businesses maximize their revenue.
• Multi-Currency Support: Merchants can accept a variety of popular cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT), Ethereum (ETH), and Tron (TRX), among others.
• Open-Source Plugins: Coinremitter offers ready-made plugins for popular e-commerce platforms like WordPress (WooCommerce), Magento, and OpenCart. This allows for quick and easy integration without needing to write code.
• Developer API: For custom solutions, a well-documented API is available. Developers can use it to integrate crypto payments into any application or website, with real-time payment notifications via webhooks.
• Invoice Services: Users can create and send dynamic invoices to request crypto payments from customers. This is useful for service providers and B2B transactions.
• Gas Station Feature: This feature helps to reduce the network (gas) fees for withdrawals on certain cryptocurrencies, providing additional savings for merchants.
• Enhanced Security: The platform uses security measures to protect user funds, including multi-signature wallet technology and other defense-grade protocols.
• No KYC Required: Users can sign up and start accepting payments without undergoing a mandatory Know Your Customer (KYC) identity verification process, which offers greater privacy.

Coinremitter Pricing Plans

Coinremitter offers two main pricing plans to suit different business needs.

• Free Plan: This plan is designed for individuals or small businesses getting started with crypto payments. It supports a limited selection of major cryptocurrencies like Bitcoin and Litecoin. The plan has certain limitations on the number of API requests per minute and the number of wallet addresses that can be generated. Support is available but may be limited to specific hours.

• Premium Plan: This plan is intended for larger businesses or merchants with higher transaction volumes. It includes support for all available cryptocurrencies, including Ethereum and popular stablecoins like USDT. Subscribers get a significantly higher API request limit, the ability to create unlimited wallet addresses, and access to 24/7 priority customer support. This plan also provides early access to new features.

Coinremitter Free Plan

Yes, Coinremitter offers a Free Plan that allows merchants to start accepting cryptocurrency payments without any monthly subscription fee. The free plan includes support for several key cryptocurrencies such as BTC, LTC, BCH, DOGE, and DASH. However, it has some limitations. Users on this plan are restricted to 100 API requests per minute and can generate up to 500 addresses per wallet. Support for free users is also limited to certain hours. This plan is a good starting point for businesses that want to test crypto payments or have low transaction volumes.

How to use Coinremitter

Getting started with Coinremitter is a straightforward process. Here is a typical workflow for a merchant:

1. Create an Account: First, sign up on the Coinremitter website. The process is quick as it does not require mandatory ID verification.
2. Create a Wallet: Once logged in, navigate to the wallet section and create a new wallet for each cryptocurrency you wish to accept. For example, create a Bitcoin wallet to receive BTC payments.
3. Integrate the Gateway: Choose your integration method. For e-commerce stores on platforms like WordPress or Magento, you can download and install the corresponding Coinremitter plugin. For custom websites, you will need to use the API. You can find your API key in your account dashboard.
4. Accept Payments: After integration, customers will see an option to pay with cryptocurrency at checkout. When they make a payment, the funds are sent directly to your Coinremitter wallet.
5. Manage and Withdraw Funds: You can monitor all incoming transactions from your dashboard. To access your funds, you can initiate a withdrawal from your Coinremitter wallet to an external personal wallet. The 0.23% processing fee is charged during this withdrawal step.

Pros and Cons of Coinremitter

Pros:

• Extremely Low Fees: The 0.23% withdrawal fee is highly competitive and very attractive for businesses.
• No Mandatory KYC: The ability to use the service without extensive identity verification enhances user privacy.
• Easy E-commerce Integration: Pre-built plugins for major platforms make it simple to set up for online stores.
• Good Range of Coins: Supports many of the most popular and widely used cryptocurrencies.
• Developer-Friendly API: The API allows for flexible and custom payment integrations.

Cons:

• Limited Coins on Free Plan: The free plan does not include support for major assets like Ethereum or USDT, which requires a premium subscription.
• Fees on Withdrawal, Not Transaction: The fee is charged when you move funds out of Coinremitter, which might be less convenient for some accounting workflows.
• Limited Support on Free Plan: Users on the free plan do not have access to 24/7 support.

Coinremitter integrations

Coinremitter focuses on providing integrations for popular e-commerce platforms through open-source plugins. This makes it easy for online store owners to add crypto as a payment option. The primary integrations are:

• WordPress (WooCommerce): A dedicated plugin allows WooCommerce store owners to accept crypto payments directly on their checkout page.
• Magento: An extension is available for Magento 2, enabling seamless integration for stores built on that platform.
• OpenCart: Coinremitter provides a plugin for OpenCart users to easily integrate the payment gateway.
• PrestaShop: A module is also available for merchants using the PrestaShop e-commerce platform.

For businesses with custom-built websites or applications, Coinremitter offers a REST API for full integration flexibility.

Coinremitter Alternatives

• BitPay: One of the oldest and most established crypto payment processors. It offers services for both merchants and individuals but generally has higher fees (around 1%) and stricter KYC requirements.
• Coinbase Commerce: Backed by a major exchange, it is a trusted and user-friendly option. It allows merchants to self-custody funds directly to their Coinbase account. Fees can be higher than Coinremitter.
• NOWPayments: A non-custodial payment gateway that supports a very large number of cryptocurrencies (over 100). It offers competitive fees and a wide range of integration tools, including plugins and APIs.
• CoinPayments: Another popular gateway known for supporting a vast array of altcoins. It has been operating for many years and offers low transaction fees, typically around 0.5%.
• BTCPay Server: A self-hosted, open-source payment processor. It is free to use (besides server costs) and offers maximum privacy and control, but it requires technical knowledge to set up and maintain.

Coinremitter API

Yes, Coinremitter provides a developer-friendly API that allows for custom integration of its payment gateway into websites, mobile apps, and other platforms. The API enables developers to programmatically create invoices, get real-time exchange rates, receive instant payment notifications via webhooks, and manage wallets.

To get an API key, you must first create a Coinremitter account. Once logged in, you can generate your API key and password from the dashboard. The API documentation provides detailed instructions and examples for all endpoints.

Here is a basic example in cURL to create an invoice:

curl -X POST https://coinremitter.com/api/v3/BTC/create-invoice \
-H "Content-Type: application/json" \
-d '{
  "api_key": "YOUR_API_KEY",
  "password": "YOUR_API_PASSWORD",
  "amount": "0.5",
  "notify_url": "https://yourstore.com/notify",
  "name": "Product Name",
  "currency": "USD",
  "expire_time": "30"
}'

This command sends a request to create an invoice for an amount equivalent to 0.5 USD in Bitcoin, which will expire in 30 minutes.

Coinremitter Affiliate program

Coinremitter offers an affiliate program that allows users to earn passive income by referring new merchants to the platform. The program is structured to reward affiliates with a percentage of the fees generated by their referrals.

• Commission Rate: Affiliates can earn up to 75% of the withdrawal fees paid by the users they refer. The commission is recurring, meaning you earn every time your referral makes a withdrawal.
• How to Join: To join the program, you need to have a Coinremitter account. In your dashboard, you will find a unique referral link. You can share this link on your website, blog, social media, or directly with potential users.
• Getting Paid: When a new user signs up through your link and starts using Coinremitter to accept and withdraw payments, a percentage of their withdrawal fee is automatically credited to your account. You can track your earnings and referrals through the affiliate dashboard.