CoinsPaid

History

CoinsPaid was founded in 2014 in Tallinn, Estonia, by Max Krupyshev, who had been active in the blockchain space since 2013 and co-founded the Bitcoin Foundation Ukraine and Satoshi Square. The company initially focused on building blockchain infrastructure before launching its flagship crypto payment gateway in 2019. Since then, CoinsPaid has experienced rapid growth: in 2022 alone, it added 127 new employees across 24 countries and significantly expanded its merchant base. The company’s revenue reached an estimated $20.9 million in 2025, with a disclosed valuation of $53.5 million.

Business Model & Products

CoinsPaid provides a complete suite of cryptocurrency payment and management solutions tailored for high-volume, global businesses. The core product is CryptoProcessing by CoinsPaid, a payment gateway that allows merchants to accept, process, and settle crypto payments and automatically convert to fiat. It features fraud-free transactions with no chargeback risk and supports multi-currency settlements. The CoinsPaid Business Wallet enables multi-currency crypto balance management, internal transfers, and withdrawals. The Exchange & OTC Desk offers instant crypto-to-fiat and crypto-to-crypto conversions with competitive rates. The Crypto SaaS platform is a licensed, white-label solution that lets fintechs and payment service providers launch their own crypto payment business under CoinsPaid’s regulatory umbrella. The Hot Wallet provides a secure, high-throughput wallet for frequent transactions. Core & Enterprise tiered packages offer additional features such as dedicated account management, custom integration support, and enhanced reporting.

Security & Compliance

CoinsPaid holds a cryptocurrency payment service provider license in Estonia and adheres to EU AML, KYC, and KYB requirements. Security measures include multi-layer encryption, advanced fraud monitoring, hot and cold wallet storage (with the majority of funds in cold storage), and regular independent cybersecurity audits. The platform has never suffered a major security breach, a fact often highlighted in its marketing.

Target Markets & Use Cases

While serving e-commerce, fintech, and enterprise clients generally, CoinsPaid has gained particular traction in high-risk sectors such as iGaming, online gaming, and digital services, where fast, borderless payments and resistance to chargeback fraud are critical. The company also caters to regulated financial institutions looking to offer crypto services without building internal infrastructure.

Pricing & Integration

CoinsPaid operates on a transparent fee model with no setup or monthly fees: approximately 0.8% for crypto transfers and 1.5% for fiat withdrawals. Integration is via RESTful APIs, and the platform is also available through payment orchestration providers like Corefy, enabling businesses to connect with 600+ payment methods without additional development.

Market Position

CoinsPaid competes with other crypto payment processors such as BitPay, Coinbase Commerce, and Binance Pay. It differentiates through its focus on high-risk industries, regulatory compliance in Europe, and a comprehensive product ecosystem that goes beyond simple payment processing, including a business wallet, OTC desk, and white-label SaaS platform. The company has received multiple awards for innovation and service quality, including from EGR and Global Brands Magazine.