CoinGate Review
7.4/10A 12-year Vilnius crypto gateway licensed by the Bank of Lithuania as a MiCA CASP (LB002323), with a payment institution license (LB002324) for stablecoin transfers alongside it, both dated December 16, 2025. Flat 1% processing, a public sandbox, and roughly 20 live coins settling into EUR, USD, and GBP.
Our read
- 1% processing on Standard, no setup or monthly fees, and SEPA withdrawals free above 50 EUR.
- Twelve years in market since the 2014 Vilnius registration.
- Open docs at developer.coingate.com, a public sandbox with testnet coins, official SDKs in PHP, Node, Python, and Ruby, and an llms.txt/OpenAPI index.
- Mass payouts, per-player payment channels, crypto refunds, and a white-label cashier with virtual ledgers.
- A licensed-only gambling policy written into the trader ToS.
- No gambling operator among the client references, which include NordVPN and the game-item marketplace Eldorado.gg.
- A catalog of about 20 live coins, and no US coverage.
- The payout fee stack lands on top of the 1% headline: 0.50 EUR + 0.5% per crypto payout, 1.5% more with conversion, and 0.5% on SWIFT, so a payout-heavy casino's all-in cost runs roughly 1.5-2.5% plus FX, settled weekly on Standard.
- No published SLA.
EU and EEA-licensed operators (MGA, Lithuania, Estonia, Romania-type markets) that need a MiCA-authorized crypto rail, and platform providers that want a white-label crypto cashier with virtual ledgers running under a regulated entity.
US-facing operators, since CoinGate does not serve the US and holds no MTLs, offshore books that want no-questions onboarding, and anyone who needs casino references or instant daily fiat settlement.
Markets & licensing
The Bank of Lithuania authorized UAB Decentralized as a MiCA CASP on December 16, 2025 under LB002323, with full scope: custody and administration, exchange of crypto for funds, crypto-to-crypto exchange, and transfers on behalf of clients. Payment institution license LB002324 came from the same window and covers electronic money token transfers. Both are valid from that date, with passporting notifications to 29 member states. Gambling runs as a merchant vertical under the CASP rather than under supplier licensing.
CoinGate does not open business accounts in the US and holds no US money-transmitter licenses or state approvals.
MiCA passporting stops at the EEA border, and CoinGate holds no UK-specific registration.
- Lithuania MiCA CASPLithuania (EU/EEA passporting)
- Custody and administration of crypto-assets, exchange of crypto-assets for funds, exchange of crypto-assets for other crypto-assets, transfers on behalf of clients · UAB Decentralized · LB002323 · valid from December 16, 2025 · passported to 29 member states
- Lithuania payment institutionLithuania
- Transfer services for electronic money tokens, i.e. regulated stablecoin transfers · UAB Decentralized · LB002324 · valid from December 16, 2025
- Legacy Lithuanian VASP eraLithuania
- Virtual-currency exchange operation from 2014 through the MiCA transitional period that closed at the end of 2025
Business accounts open in 75 countries and payout reach runs to 180+, with the regulated footprint being the EEA under MiCA passporting.
The trader ToS reserves termination for merchants resident in non-FATF-member countries.
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.
A custodial gateway on one business account: the merchant creates an order through the v2 REST API, a plugin, or hosted checkout, the buyer pays in one of roughly 11 acceptance coins, the rate stays fixed for the roughly 20-minute invoice window, and CoinGate converts automatically or on demand into the merchant's chosen mix of crypto, EUR, USD, or GBP. Callbacks with retries and delivery tracking confirm payment, refund, billing, and address events. The same account carries the Payouts API (beneficiaries, payout settings, bulk send), payment channels for per-player dedicated addresses, recurring billing, and conversion endpoints, and the white-label deployment puts all of it behind the platform's own domain. Gambling merchants clear KYB only with an operating license in hand.
Products & tools
One custodial gateway does the accepting, converting, and settling, with recurring billing, mass payouts, per-player payment channels, and a white-label cashier layered onto the same account and API.
Payment Gateway
The core custodial gateway: crypto acceptance at a flat 1%, a rate fixed at checkout for the invoice window, and merchant-side settlement in crypto or in EUR, USD, and GBP, delivered through hosted checkout, the v2 API, or e-commerce plugins.
- 1% flat processing on Standard
- About 20 live coins, including BTC over Lightning (live since 2018), ETH, SOL, USDT, USDC, DAI, LTC, DOGE, XRP, TRX, and BNB
- Eight networks: Ethereum, BSC, TRON, Solana, Polygon, Arbitrum, Base, and Optimism
- Fixed exchange rate locked at checkout, then auto or manual conversion into EUR, USD, GBP, or a supported crypto
- Hosted checkout, API deposits, and email or link billing for invoice-style flows
- Plugins for WooCommerce, WHMCS, Wix, OpenCart, PrestaShop, and Shopware
Mass Payouts
The operator-facing block: bulk crypto payouts priced at 0.50 EUR + 0.5% each, dedicated per-player deposit addresses through payment channels, crypto refunds to buyers, and free SEPA withdrawals above the 50 EUR minimum on the fiat leg.
- Bulk payouts to hundreds of recipients at 0.50 EUR + 0.5% per payout, plus 1.5% when conversion is involved
- Payment channels: dedicated deposit addresses per player or client
- Crypto refunds back to buyers
- Payouts API covering beneficiaries, payout settings, and bulk send
- SEPA withdrawals free above a 50 EUR minimum, SWIFT at 0.5% with a 50 EUR minimum fee
White Label
A white-label deployment of the gateway for gaming platforms: the merchant's own domain and frontend, virtual ledgers branded Advanced Accounting for client sub-accounting, team permissions, and AML compliance infrastructure bundled in.
- Runs on the platform's own domain and frontend
- Virtual ledgers (Advanced Accounting) for per-client sub-accounting
- Multi-currency accounts with team permissions
- AML compliance infrastructure included
- Manual or automatic conversion controls per currency
The history
Longevity in this industry usually comes with a change of owner somewhere in it.
Registered in Vilnius in 2014 as UAB "Virtualios Valiutos", now UAB Decentralized, CoinGate launched operations in 2015 and grew through the e-commerce plugin channel long before touching iGaming. Founders Jonas Gilys, Irmantas Bačiulis, and Vilius Semėnas lead the company, with Semėnas as CEO after co-founder Dmitrijus Borisenka, CEO for roughly eight years, departed to run the classic-car marketplace Dyler.
Brands & clients on the platform
Corporate
Leadership
Milestones
- 2014
Registered in Vilnius as UAB "Virtualios Valiutos", with operations launching in 2015 and 1,000 users reached by 2016.
- 2018
Lightning Network payments go live, and the counter passes 200,000 processed payments.
- 2020
One million orders processed since launch.
- 2021
XRP is suspended in January after the SEC's Ripple suit.
- 2024
Ten years since the 2014 registration, with the Binance Pay partnership running.
- 2025
The Bank of Lithuania grants a MiCA CASP authorization and a payment institution license on December 16, the first CASP authorization won by a homegrown Lithuanian company.
- 2026
About 20 live coins, 1.4M payments taken in 2025, and Vilius Semėnas as CEO.
Where they're pushing next
- EU/EEA under MiCA passporting (75 business-account countries)
- iGaming
- Platform providers via the white-label cashier
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.
CoinGate vs alternatives
Most buyers in this market shortlist three or four vendors long before they take a single sales call.
| Attribute | CoinGate | CoinsPaid | Confirmo | NOWPayments |
|---|---|---|---|---|
| Founded | 2014 | 2014 | 2014 | 2019 |
| Team | 50+ | 200+ | — | 22+ |
| US market | Restricted | Restricted | Restricted | Restricted |
| Pricing | Public | Public | — | Public |
| Currencies | 3+ | 40+ | — | 21+ |
| Coins | 20+ | 20+ | 10+ | 350+ |
| EMI / PI licenses | Lithuania | — | Ireland | — |
| Settlement | Weekly on Standard, weekly or on-request on Enterprise | Near-instant crypto-to-fiat at a rate locked when the payment is made | Bank-account settlements that can be fully automated and recurring, with near-instant crypto settlement | Per transaction, in minutes |
| Instant payouts | — | Yes | — | Yes |
Settlement & commercials
CoinGate publishes pricing. Those figures are below, and final terms still land in the contract.
Flat 1% processing on Standard: free deposits, free crypto and SEPA withdrawals (50 EUR minimums), SWIFT at 0.5%, mass payouts at 0.50 EUR + 0.5% plus 1.5% when conversion is involved, refunds at 0.25 EUR + 0.1%, and 1% on manual currency exchange. Enterprise trades the flat rate for custom volume pricing with on-request settlement.
Bulk payouts (0.50 EUR + 0.5-1.5%) and SWIFT (0.5%) land on top of the 1% headline, so a payout-heavy operator's all-in runs roughly 1.5-2.5% plus FX.
The deal
Money movement
Onboarding path
- 1Open a business account self-serve or talk to sales for Enterprise terms
- 2Pass KYB under the MiCA regime, where gambling merchants must show an operating license
- 3Start building against the public sandbox at sandbox.coingate.com with testnet coins while onboarding runs
- 4Integrate the v2 REST API, an official SDK, or a plugin, choosing hosted checkout, API deposits, or billing links
- 5Configure the settlement mix per currency: auto or manual conversion, crypto or EUR, USD, GBP, plus payment channels and mass payouts as needed
- 6Go live on weekly Standard settlement, or move to Enterprise for custom rates and on-request settlement
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.