What is a CoinPayments Wallet?
In the context of the modern development of blockchain technologies and the gradual introduction of cryptocurrency into various areas of everyday life, there is a need for special wallets for crypto coins. These are various modifications of virtual storages in which you can save digital capital, accumulate amounts, transfer funds, spend them, etc.
There are now a lot of functioning crypto wallets on the network, offering users a set of basic and additional functions. Reliable, convenient and functional is the Coinpayments service.
Coinpayments is an online wallet that launched in 2013.
CoinPayments Wallet allows you to accept transactions, store many different cryptocurrencies, and transfer digital coins.
This crypto wallet is reliably protected by blockchain technology, and also has additional security measures - two-factor authorization and instant notification of any actions in the account (balance replenishment, conversion, withdrawal of funds).
CoinPayments Wallet can be installed on a mobile device running on the iOS or Android operating system. The application can be downloaded from the official website of the project or in Google Play and the App Store.
You can also access your wallet from any popular browser.
According to the official website, CoinPayments Wallet can support more than 2275 cryptocurrencies. At the same time, you can make payments in more than 175 cryptocurrencies. Payments are made through a special payment gateway CoinPayments.
For other cryptocurrencies, payments are not supported. You can only store, send and receive transfers.
You can use the services of CoinPayments Wallet in almost any country in the world, but there are countries whose citizens cannot use the wallet. The project website contains a list of countries for which restrictions are set. Now there are about 27 countries, such as: Afghanistan, Libya, Syria, Cuba, Qatar and others.
Support for 13 languages is declared on the official website of the project. Added the most popular languages such as English, Spanish, German, Chinese, Portuguese, etc.
To increase the level of security, CoinPayments Wallet offers users two-factor authorization and instant notification of any actions in the account (balance replenishment, conversion, withdrawal of funds).
To increase the anonymity of use, the service provides an official link for anonymous use of the service in the TOR network. You can enable this feature in the wallet settings.
To do this, in the settings you need to click “HTTP settings”, check the Tor box, enter your Tor IP address, enter your Tor port and click Save Changes.
This is a convenient option that makes it easier to use CoinPayments Wallet in Hong Kong or other countries.
Features of CoinPayments Wallet
Over a long period of stable existence, the Coinpayments service has acquired a number of useful and convenient features that distinguish it from most analogues. CoinPayments Wallet review main features:
- Multicurrency - support over 2275! options for digital coins. The main ones are bitcoin, ripple and litecoin. Of course, other altcoins are represented - bitcoin cash, dash, comodo, ethereum, dogecoin, NEO, ethereum classic, etc.
- Unusual organization of work with cryptocurrencies. In the Coinpayments online wallet, you can use two modes of working with virtual money: only storage; payment for services, conversion and accumulation.
- The unique "Safe" function - you can block a certain amount for different time periods. It is also possible to store coins under special protection conditions.
- Especially for Internet businesses, a digital POS terminal is offered that accepts online payments in different currencies. Several plugins for web stores have been developed.
- Vault option for "cold" storage of cryptocoins.
- Instant transfers are provided for bitcoins. These are instant transactions that take place before confirmations are received on the blockchain.
- Special applications developed for iOS and Android devices.
- CoinPayments Wallet service interface options in 13 languages.
- Opportunities to work with fiat. European and American customers can make transactions directly to bank accounts.
- Option "Automatic exchange". To save time, users are allowed to set up instant conversion in the specified directions according to the specified parameters.
- Bulk withdrawal feature.
- An integrated service that allows you to set up and launch the ICO procedure directly from a cryptocurrency wallet.
- Adding new altcoins to the list of online storage. For a fixed fee, users can add the necessary coins to the wallet that were not previously used in the system. A similar principle applies to some cryptocurrency exchanges.
As you can see, the wallet has a lot of features and benefits. Below, we will discuss how to use CoinPayments Wallet.
Pricing and Fees
One of the important advantages of CoinPayments Wallet over competitors is a very low commission for transactions, only 0.5%. This is a single fee for all incoming payments in any cryptocurrency.
Commission on outgoing payments is also 0.5% + network commission.
At the same time, the service provides you with the opportunity to receive funds without commission every month in the amount of up to $15,000.
You can learn more about the commissions of the service on the official website of the project.
A support request can be sent from the official website, but judging by the app reviews on Google Play, the support service does not always respond promptly.
How to start using a CoinPayments Wallet in Hong Kong?
To start using CoinPayments Wallet in Hong Kong, you need to go through the registration process on the site. We have discussed this process below.
How does a CoinPayments Wallet work?
Let's look at how to use CoinPayments Wallet. To start using CoinPayments Wallet in Hong Kong, you need to register on the site or through the application.
The registration process is simple. After clicking on the Register button, a form will appear to fill out. There you must specify the username Email, password and accept the user agreement.
After completing the registration, you can fully use CoinPayments Wallet in Hong Kong. The CoinPayments Wallet review shows that the platform has a lot of functionality, which is why it is popular.
Funding your account on CoinPayments Wallet is very simple. In your personal account, you must click the "Deposit" button. Next, you need to select the cryptocurrency you are interested in from the list. Opposite it, click the "Options" button. In the drop-down menu, you must click "Make a deposit / receive." An address will be generated for you to receive funds.
Withdrawing money from Coinpayments is carried out in a similar way. Only in the drop-down menu you need to select the function "Send/withdraw funds".
Pros and Cons of CoinPayments Wallet
A detailed CoinPayments Wallet review shows that the wallet has a significant set of advantages that were discussed above. This includes support for a huge number of tokens, and good protection, and additional services for storing cryptocurrencies, etc.
However, the wallet also has certain disadvantages:
- The translation of the wallet into some languages is not done very well.
- Judging by the reviews, technical support does not respond very quickly.
- The FAQ section contains very few questions.
CoinPayments Wallet Alternatives
There are a lot of alternatives to this wallet now, although a detailed CoinPayments Wallet review shows that the wallet has a set of unique features. That is why many users continue to use this wallet.
Choosing an alternative wallet depends on your preferences and goals. It can be well-known blockchain wallets, Cryptopay, Coinbase and others.
CoinPayments Wallet FAQ:
Why do you need a CoinPayments Wallet?
The wallet can be used for various purposes: storage, payments, transactions, etc. You can store funds, make transactions, transfers and payments.
Why should I use CoinPayments Wallet?
The wallet supports a huge number of cryptocurrencies, which other wallets cannot do.
Is It Free to Use CoinPayments Wallet?
The wallet is free, but you will need to pay a commission of 0.5% for making transactions.
Is CoinPayments Wallet Trustworthy?
To increase protection, the wallet offers two-factor authorization and instant notification of any actions in the account (balance replenishment, conversion, withdrawal of funds).
How secure is CoinPayments Wallet?
For an online wallet, CoinPayments Wallet provides a fairly high level of security. Enable two-factor authentication.
How to use CoinPayments Wallet?
Using the wallet is very easy. The functionality is very convenient and intuitive.
How to send crypto from CoinPayments Wallet?
You need to select a cryptocurrency in your personal account and click "Send / withdraw funds" in the options.
How to find CoinPayments Wallet address?
In your personal account, you must click the "Deposit" button. Next, you need to select the cryptocurrency you are interested in from the list. Opposite it, click the "Options" button. In the drop-down menu, you must click "Make a deposit / receive." An address will be generated for you to receive funds.
What types of crypto are supported on CoinPayments Wallet?
The wallet supports over 2275 types of cryptocurrencies.
How Do I Get My Money Out of a CoinPayments Wallet?
Withdrawing money from Coinpayments is carried out in a similar way. Only in the drop-down menu, you need to select the function "Send/withdraw funds".
If my computer crashes, will I be able to recover my wallet on a different machine?
Yes, You will.