Bitpace Review
5.6/10The Bitpace brand of SG Veteris, part of Ozan Ozerk's payment group: an iGaming-facing crypto gateway with solid tech (Fireblocks and BitGo custody, a public sandbox, a Corefy connector) but legacy EU VASP registrations with no MiCA CASP, an offshore Canadian MSB and Comoros licensing base, and no named casino client anywhere.
Our read
70-plus coins settling to USD, EUR, or USDC across institutional custody rails, with an OTC desk and swap, is solid mid-tier breadth, held back only by no cards and a fiat count in the twenties.
EU VASP registrations (Estonia FVT000552, Bulgaria, Lithuania) but no MiCA CASP, an offshore Canadian MSB and Comoros base, and no gambling-supplier license.
A documented REST API, a fully public sandbox, plugins, a hosted checkout, a white-label build, and a Corefy connector make this one of the stronger integration surfaces in the set, license base aside.
Settlement in seconds to minutes after confirmation, auto-conversion, mass payouts, and Fireblocks and BitGo custody, discounted only for safeguarding claims that no named license backs.
Fireblocks and BitGo custody and a nine-year heritage sit against a no-CASP offshore license base, a 2018 control change to Dedeoglu, and no named clients anywhere.
No public rate card, fees quoted per client in a private panel, with the no-chargebacks and no-rolling-reserve lines the only firm public commercial signals.
Methodology. Our own score, a weighted average of six dimensions, tilted toward licensing and trust. Compliance carries the segment's heaviest weight at .26 and trust .18, and both are where Bitpace bleeds: strong settlement (7.0), coverage (7.2), and integration (7.2) grade like a mid-tier gateway, but a no-CASP offshore license base scored 4.0 and a thin trust file scored 4.2 drag the weighted result to 5.6, deep in the set's bottom tier. Read the full methodology
- Real engineering: institutional custody through Fireblocks and BitGo, a public sandbox an engineer can open pre-contract, plugins, and a ready-made Corefy connector.
- Broad coverage for the tier: 70-plus cryptocurrencies settling to USD, EUR, or USDC, with fast settlement in seconds to minutes after confirmation.
- A white-label build that lets a PSP front the rail under its own brand, stronger than several licensed rivals ship.
- EU footing that sits on the registers: virtual-asset registrations in Estonia (FVT000552), Bulgaria, and Lithuania, thin as they are against a CASP.
- No chargebacks and no rolling reserve on the crypto rail, with an OTC desk for larger conversions.
- No MiCA CASP anywhere, and the EU footing is legacy VASP registrations in the MiCA transition rather than an authorization that survives the cutoff.
- The money-movement base is offshore: a Canadian FINTRAC MSB registration (an AML filing that grants no license) and a Comoros MISA license from a registry with little supervisory weight.
- Ownership runs through the SG Veteris group founded inside Ozan Ozerk's payment empire, with control passing to Ahmet Cemal Dedeoglu in 2018 and a multi-entity map spanning Bulgaria, Estonia, Lithuania, Canada, and the Comoros.
- Nothing is on a rate card: fees sit in a private client panel, and there is no named casino client and no audited scale anywhere.
Offshore or crypto-first operators that value the engineering (institutional custody, a real sandbox, white-label, a Corefy route) and can run their own compliance diligence on an offshore, non-CASP counterparty.
EU, UK, or US-regulated operators that need a MiCA CASP, anyone who needs a counterparty with a full compliance file, and buyers who need published pricing or a named casino reference.
Markets & licensing
Bitpace is the working brand of SG Veteris, and its license base is legacy and offshore, with nothing under MiCA. The EU footing is a set of pre-MiCA virtual-asset registrations: SG Veteris Estonia OU on the Estonian FIU register under license FVT000552, SG Veteris Europe EOOD registered with Bulgaria's NRA, and UAB SG Veteris Lithuania supervised by the FCIS. Behind the money movement sit two offshore entities named on the site: Q500 Canada Inc., registered as a money-services business with FINTRAC, and Chiral Limited in the Comoros, holding a Mwali International Services Authority license. None of Bitpace, SG Veteris, Q500, or Chiral holds a MiCA CASP authorization, and the Estonian FVT registration is a legacy license in the transition that closes MiCA grandfathering.
No Bitpace or SG Veteris entity holds a US money-transmitter license or any state footprint, and the licensing base points offshore, away from the US. A US-facing operator has no Bitpace entity to contract under state rules, and the offshore posture is the opposite of what a US-regulated book needs.
SG Veteris Limited was registered with the FCA as an agent until October 2020, and that registration has since lapsed, with no current FCA authorization for the Bitpace entities despite the London office. A UK-facing operator has no live FCA permission to rely on here.
- Estonia (FIU) VASPEstonia
- Virtual-asset service provider registration under the pre-MiCA regime · SG Veteris Estonia OU · license FVT000552 · legacy, in MiCA transition
- Bulgaria (NRA) VASPBulgaria
- Virtual-asset service provider registration · SG Veteris Europe EOOD · UIC 206635600
- Lithuania (FCIS) VASPLithuania
- Virtual-asset service provider registration, supervised by the FCIS · UAB SG Veteris Lithuania · 305940990
- Canada (FINTRAC) MSB + Comoros (MISA)Canada / Comoros
- An AML money-services-business registration plus an offshore brokerage/clearing license · Q500 Canada Inc. (FINTRAC MSB) and Chiral Limited (Comoros MISA) · offshore money-movement base
- MiCA CASPNone
- No MiCA CASP authorization held · No EEA CASP authorization exists for any group entity
Licensing tier: This is the softest compliance floor in the set. The EU VASP registrations are real and sit on the registers, but they are legacy pre-MiCA credentials in the transition, with no CASP, and the money-movement base leans on a Canadian MSB registration and a Comoros license, the latter from a registry with little supervisory weight. There is no gambling-supplier license and no EMI held by Bitpace itself. The Bank of Lithuania e-money license that circulates in third-party write-ups belongs to the affiliated European Merchant Bank.
The regulated footprint is the three legacy EU VASP registrations, all pre-MiCA and mid-transition, plus the offshore Canadian and Comoros entities behind settlement. No CASP, so no MiCA passport.
No restricted-market list is published. The US is treated as unserved on the absence of any US license, and the offshore posture is the geography-adjacent risk a compliance team should weigh.
Methods & rails
What you can reach
Payout rails
Processing features
Integrations & engineering
One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.
Operators integrate against a documented REST API, plugins, or a hosted checkout, take crypto in across 70-plus coins, and settle to USD, EUR, or USDC with auto-conversion, while custody runs on Fireblocks and BitGo. A public sandbox lets engineering build and test before a contract, mass payouts and an OTC desk cover the outbound and treasury side, and a white-label deployment lets a PSP run the rail under its own brand. Orchestrator-side operators can take the ready-made Corefy connector instead of building direct. The diligence work sits outside the integration: which SG Veteris or offshore entity signs the merchant, and under which license.
Days rather than months via the API and plugins. No KYB turnaround is published.
Products & tools
A crypto payment gateway with real engineering behind it: 70-plus coins in through a hosted checkout or REST API, institutional custody via Fireblocks and BitGo, settlement to USD, EUR, or USDC in minutes, mass payouts and an OTC desk on top, and a white-label build for PSPs, all sitting on an offshore-and-legacy-VASP license base rather than a MiCA CASP.
Crypto Payment Gateway
The core product: accept 70-plus cryptocurrencies through a hosted checkout, plugins, or a REST API, with automatic conversion and settlement to USD, EUR, or USDC, aimed at e-commerce and iGaming merchants that want crypto in without holding it.
- 70-plus cryptocurrencies accepted, settling in USD, EUR, or USDC (Jul 2026)
- Auto-convert so the merchant does not carry price risk
- Custody through Fireblocks and BitGo institutional infrastructure
- No chargebacks and no rolling reserve on the crypto rail
- RESTful API, plugins, and a hosted checkout, with integration measured in days
- A ready-made Bitpace connector listed by orchestrator Corefy
Global Settlements & Payouts
The money-movement side: settlement in seconds to minutes after blockchain confirmation, deposits and withdrawals in crypto or fiat, mass payouts, an OTC desk, and funds described as held in safeguarding accounts.
- Settlement in seconds to minutes after confirmation
- Deposits and withdrawals in crypto or fiat (USD, EUR, USDC)
- Mass payouts and an OTC desk for larger conversions
- Funds described as held in safeguarding accounts
- 20-plus fiat currencies quoted for settlement
- Digital-asset swap between supported coins
White-Label & Developer API
The platform play: a white-label deployment of the gateway under the partner's own brand, plus a documented REST API and a public sandbox so a PSP or operator can build and test the whole flow before signing.
- White-label gateway under the partner's own brand
- RESTful API with documentation and plugins
- Public sandbox mirroring the live environment
- Digital wallets, billing, and a live dashboard
- Corefy orchestrator connector for pre-built routing
The history
Sales decks get rewritten for every deal. A dated record doesn't.
The company traces to Dr. Ozan Ozerk's Lydiax around 2016, with the blockchain services later gathered under the Bitpace brand in a 2023 rebrand of SG Veteris. CEO and co-founder Anil Oncu built the gateway for business crypto acceptance, and a sibling brand, Koinal, runs card and on-ramp services on the same SG Veteris group. Control of SG Veteris sat with Ozan Ozerk until 2018 and passed to his partner Ahmet Cemal Dedeoglu after that. The group operates from London, Sofia, Tallinn, and Toronto, and its licensing spans legacy EU VASP registrations and offshore Canadian and Comoros entities, and stops short of a MiCA CASP.
Corporate
Leadership
Milestones
- 2016
Ozan Ozerk founds Lydiax, the origin of the blockchain services later branded Bitpace.
- 2018
Control of SG Veteris passes from Ozan Ozerk to Ahmet Cemal Dedeoglu.
- 2020
SG Veteris Limited's FCA agent registration in the UK lapses in October.
- 2023
The group consolidates its blockchain services under the Bitpace brand and pivots to B2B crypto payments.
- 2026
The MiCA transition closes with no Bitpace CASP authorization, leaving the legacy VASP registrations as the EU footing.
Where they're pushing next
- Offshore and crypto-first merchants (e-commerce and iGaming) on the existing VASP and offshore base
- PSPs via the white-label build and the Corefy connector
Longevity and ownership
Switching vendors is expensive, which makes the company's staying power part of the purchase. What the contract says about your data decides how expensive an exit gets.
Bitpace vs alternatives
No two vendors describe themselves the same way, which makes their own claims hard to line up. Every name here answers the same fields, so you can see where this one sits against the closest alternatives.
| Attribute | Bitpace | CoinsPaid | NOWPayments | B2BINPAY |
|---|---|---|---|---|
| Founded | 2016 | 2014 | 2019 | 2017 |
| Team | — | 200+ | 22+ | 500+ |
| US market | Restricted | Restricted | Restricted | Restricted |
| Pricing | On request | Public | Public | Public |
| Currencies | 20+ | 40+ | 21+ | 2+ |
| Coins | 70+ | 20+ | 350+ | 350+ |
| Settlement | Seconds to minutes after blockchain confirmation, with auto-conversion to USD, EUR, or USDC | Near-instant crypto-to-fiat at a rate locked when the payment is made (Jul 2026) | Per transaction, in minutes (Jul 2026) | Instant to merchant crypto accounts, T+1 for fiat (USD/EUR) |
| Instant payouts | Yes | Yes | Yes | Yes |
The take: CoinsPaid and NOWPayments sit just above Bitpace in the ranking, the former gambling-native with audited billions but no EEA authorization, the latter a 350-plus coin catalog with no licenses. B2BINPAY is the licensed offshore option with real Mauritius and El Salvador paper Bitpace cannot match. Bitpace lands below all three: the tech competes, but a no-CASP offshore license base and the thinnest public client file put it in the set's bottom tier. Take it only if you can carry the diligence yourself.
Settlement & commercials
Bitpace prices per deal, so exact figures land in the contract rather than on a public rate card.
Per-client negotiated fees quoted in a private online panel and never published, described only as minimal and competitive. No per-transaction, setup, monthly, or minimum figure appears anywhere public.
Pricing is quoted per client and never published, sitting in the client dashboard. No setup, monthly, minimum, or rolling-reserve figures appear anywhere public, and the commercial pitch leans on no chargebacks and no rolling reserve.
The deal
Money movement
Onboarding path
- 1Do the diligence before the demo: confirm which SG Veteris or offshore entity would sign you and under which license, given there is no MiCA CASP
- 2Weigh the offshore license base and the group's multi-entity structure against your own licensing and banking exposure
- 3Scope the build from the public docs and open the sandbox to test the flow before contracting
- 4Integrate the REST API, a plugin, or the hosted checkout, or take the ready-made Corefy connector if you run that orchestrator
- 5Agree fees directly, since nothing is on a public rate card, and pin the safeguarding and settlement terms in writing
- 6Go live on fast settlement to USD, EUR, or USDC, reconciling against the dashboard and webhook events
Support & account management
You can't demo service before you sign, so what a vendor puts in writing is the only floor you can hold it to.
Frequently asked
The things operators actually ask before signing.
Is Bitpace licensed under MiCA?+
No. Neither Bitpace nor any SG Veteris, Q500, or Chiral entity holds a MiCA CASP authorization. What the group holds are legacy pre-MiCA virtual-asset registrations in Estonia (SG Veteris Estonia OU, license FVT000552), Bulgaria (SG Veteris Europe EOOD), and Lithuania (UAB SG Veteris Lithuania), plus offshore entities behind settlement: Q500 Canada Inc. with a FINTRAC money-services-business registration and Chiral Limited with a Comoros MISA license. The Estonian VASP is a legacy credential in the MiCA transition, not a CASP, and the Bank of Lithuania e-money license some write-ups cite belongs to the affiliated European Merchant Bank.
Does Bitpace work with online casinos?+
It markets to iGaming openly, lists gambling among its industries, and appears in iGaming directories, so the positioning is real. What it does not show is a single named casino or betting client, a case study, or a testimonial. A licensed operator can use the tech, but should run its own diligence on the counterparty first.
Who owns Bitpace?+
Bitpace is a brand of SG Veteris, part of the payment group built by fintech entrepreneur Ozan Ozerk, who controlled SG Veteris until 2018 before his partner Ahmet Cemal Dedeoglu took over as the controlling person. CEO and co-founder Anil Oncu runs the gateway, the sibling brand Koinal covers card and on-ramp services on the same group, and the wider group also spans European Merchant Bank in Lithuania. The multi-entity structure across Bulgaria, Estonia, Lithuania, Canada, and the Comoros is the diligence item: confirm which entity signs you and under which license.
Which coins does Bitpace support and how does settlement work?+
Bitpace supports 70-plus cryptocurrencies in, with settlement to USD, EUR, or USDC out, and auto-conversion so the merchant does not carry price risk. Custody runs on Fireblocks and BitGo institutional infrastructure, settlement runs in seconds to minutes after blockchain confirmation, and there are no chargebacks or rolling reserves on the crypto rail. Mass payouts and an OTC desk cover the outbound and treasury side.
What does Bitpace cost?+
There is no public rate card. Fees are described as minimal and competitive, with details sitting in each client's online panel, so pricing only surfaces in the sales process. What is public is the structure rather than the numbers: no chargebacks, no rolling reserve, and per-client negotiated terms.