There aren’t many payment gateway websites that accept bitcoin let alone support the lightning network but that all changes from this very moment because Coingate is one of the very few gateway websites that has Bitcoin Lightning in it’s arsenal!. If really need access to your crypto fast, they even offer automatic withdraws so you don’t have bother manually requesting so.
Website: Sign up on CoinGate here
What is the lightning Network?
Lightning network is composed out of millions of web channels which if two parties successfully create a special wallet on a specific channel, can enable instantaneous transactions between the two members.
Coingate is well know for handling 200+ cryptocurrency gateway payment options, Heck they even let you pay with USD,Euros and Pounds. There are two modes that you choose, Trader or Merchant. By successfully completing the 1 hour KYC verification,You can get the benefits from both. The dashboard has many options to choose from which each trader and merchant need the most. You are also given the opportunity to test the integration with your application to see if it works.
Key features
Purchase cryptocurrency Instantly- All cryptocurrency purchases with debit/credit card are purchased within one hour.
Quick Verification- The KYC verification takes up to 1 hour!
Trading market- Sell or buy cryptocurrency or fiat
App payment integration- Coingate has a special payment protocol for developers who want to add cryptocurrency or fiat as a payment your application (POS).
Invoices- For merchants, all the transactions are recorded for you automatically
Payment Button- Redirects purchases to a custom back url of yours or simply use it as a donation button.
API- Has API integration calls and requests
Payout- Has a wide variety of payout options
Bitcoin lightning!-Instantaneous Bitcoin transactions
What makes coingate so practical is how they have well considered those who Don’t use SEPA banks and have International payout at only charges 1% which is not bad considering services like Robihood charges a 3% withdraw fee. Not to mention you can also withdraw through Skrill, Eur bank (SEPA), International bank (SWIFT),Bitcoin,Ethereum, Litecoin etc. More payments are still being integrated with coingate and seems to get faster.
For enhanced security, obviously we have the 2FA (factor authorization) which basically means that you’ll be prompted to enter a code sent through your smartphone in order to withdraw your coins for safety reasons.
Overall my experience with coingate just makes setting up payments extremely easy and isn’t complicated at all. The great thing is how every single time you log in get’s displayed on the dashboard so you can keep track of your activity. The payment system is really simple as I use coingate to sell my Ebook “The best proven methods to boost your intelligence”. This really works great if you don’t want to do any HTML embedding on your website but it only takes a link to really get you sorted.
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