CoinGate review

CoinGate has no monthly charge, so a monthly fee of €0 applies to business and freelancer accounts alike. The provider lists a no monthly fee model, which is the most common on the site. The costs that do apply sit in currency conversion and transfers.

The currency conversion fee is 1%, which sits near the site median of 0.5% and well above the site minimum of 0%. Readers who convert often should compare this figure against a lower conversion fee before opening an account.

Transfer costs depend on the rail you use. Crypto payouts take a flat charge plus a percentage of the payout, SWIFT withdrawals take a percentage, and SEPA and crypto withdrawals are free once a minimum amount is met. SEPA is the cheapest route for euro payouts.

Deposits are covered by EU DGS up to EUR 100,000. That protection applies to deposits rather than to crypto held on the platform, so readers whose balance sits mainly in crypto should treat that part as unprotected by the scheme.

CoinGate is authorised by the Bank of Lithuania as a MiCA Crypto Asset Service Provider and as a Payment Institution, under separate licence numbers. It is registered in Lithuania, so EU rules and the EU deposit scheme apply to the account.

Support runs on email, help centre and community, meaning email, a help centre and a community forum. There is no phone line listed, so readers who prefer voice contact should look for a provider that lists one.

CoinGate supports from from 10 currencies. That is above the site minimum of 1 but below the site maximum of 350, so the account leans towards crypto pairs rather than long currency lists.

CoinGate targets business and freelancer accounts, and the site ranks business accounts as the larger share of providers in that audience. The account makes sense if crypto is part of how you get paid rather than something you hold as a side balance.