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Supported Cryptocurrencies: Coinify supports a broad range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and more than 20 other popular digital currencies. This enables merchants to accept various coins, accommodating a wide array of customers.
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Payment Methods: Coinify offers businesses multiple ways to accept crypto payments, including customizable invoices, a merchant dashboard, and a point-of-sale (POS) system for retail transactions. It also provides direct bank transfers and easy integration with existing e-commerce platforms like Shopify and WooCommerce.
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Transaction Speed & Fees: Coinify ensures fast crypto-to-fiat conversions with competitive transaction fees. Payments are processed quickly, and users benefit from near-instant settlement to their bank accounts. Coinify charges a flat fee of 1% for cryptocurrency transactions, which includes exchange and processing fees.
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Security & Compliance: Coinify complies with relevant EU regulations and has implemented robust security measures, including two-factor authentication (2FA), end-to-end encryption, and cold storage for cryptocurrencies. The platform operates under the regulations set by the Danish Financial Supervisory Authority (FSA), ensuring a high level of security and transparency.
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Transaction Speed & Fees: Provides automatic conversions to fiat upon payment confirmation with daily deposits into merchants' bank accounts. Charges a transaction fee of 0.8%, with additional fees for payouts.