How to choose a safe crypto payment gateway?

Crypto payment gateway safety
Crypto in general has received a lot of criticism in the past due to security issues. Cryptocurrency worth millions of dollars has been stolen by criminals thanks to hacks, fraud, scams and other misdeeds. However, in actuality, a lot of cryptocurrency breaches were caused by lax user security measures or blatant scams rather than faulty blockchains. Similar to the almost 30 billion dollars being scammed in phone scams alone in America, according to CNBC. Therefore, it is of utmost importance to make sure you choose a safe crypto payment gateway that prevents hacks and minimizes scams.
Share This Post

Manual checkout vs. wallet connection checkout

To ensure the safety of your customers, it is important to know that there are two main methods that payment gateways use in facilitating crypto payments:

  • Manual checkout
  • Wallet connection checkout

Manual checkout

Manual checkouts are a very safe method of accepting crypto payments. This method consists of the customer accessing the checkout page, copying a wallet address (or scanning a QR code), and manually sending a specified amount of crypto to that address through their wallet of choice. After the payment has been received, the order will be confirmed. Below, you find reviews of our highest rated payment gateways that use a manual checkout:

Wallet connection checkout

Wallet connection checkouts on the other hand require the customer to connect their wallet to the checkout system of the payment provider. This gives the payment provider (full) access to the customers’ wallet, and the power to debit the required amount of money. Connecting wallets is something that is well-used within the crypto industry. However, giving any entity full access to your personal wallet has some obvious and major risks. The first question you should ask yourself, can I trust this payment processor? We believe that the answer is yes for all of our reviewed crypto payment gateways. However, this does not solve the risk issue. Imagine a webshop being hacked and the checkout page being altered into a rogue look-a-like page with bad intentions. An unknowing customer connects his/her wallet and unwillingly gives the hacker full access to all of their funds, which will ultimately be stolen. Therefore, we highly advise to only integrate manual checkout payment gateways.

Empty-wallet

Reducing risks with fast payouts

Besides using different checkout options, there are more differences that relate to safety. One being the speed of payouts. The safest and most convenient gateways provide instant payouts. So if a customer orders a new television for $1.000, this money will instantly be received by the merchant to minimize risks. Most payment gateways reviewed by us either employ instant payouts or payouts within one day.

Find a safe solution

Safety is the #1 priority when processing payments. Luckily, we have reviewed all crypto payment gateways, so you can make a well-informed decision.

More To Explore

7 Benefits of Accepting Crypto payments
Crypto knowledge

7 Benefits of Accepting Crypto payments

Cryptocurrency payments are more than a passing trend—they’re a game-changer for businesses seeking a competitive edge. In this exploration, we delve into the seven compelling reasons why accepting crypto payments is a strategic and forward-thinking decision. These benefits, ranging from reduced costs to heightened security and global accessibility, illuminate the transformative power of integrating cryptocurrency payments into your business strategy.

Read More »
Leander 30 October 2023
Accept crypto on Shopify
reviews

How To Accept Crypto Payments On Shopify

In today’s rapidly advancing world of online shopping, embracing cryptocurrencies as a valid form of payment has become a game-changer for eCommerce retailers. This innovative payment method not only caters to cryptocurrency enthusiasts but also opens up exciting opportunities for Shopify merchants to expand their customer base and boost their profit margins.

If you’ve ever considered accepting cryptocurrency payments on your Shopify store, you’re in the right place. Whether you’re a seasoned cryptocurrency user or completely new to this digital frontier, we’re here to guide you through the process of integrating crypto payments seamlessly into your online business. So, let’s dive

Read More »
Leander 8 October 2023
White-label crypto payment gateways
reviews

Best white label crypto payment gateways

Crypto is becoming more and more adopted, which raised the demand for crypto payment solutions. This was also shown by a Deloitte survey that found that more than 87% of the top US merchants believe cryptocurrency payments offer them a competitive advantage. Then why are crypto payments not fully adopted yet by these merchants? The answer is that over 44% have invested millions, but are limited by the complexity of the integration of crypto payments.

One could choose to integrate a crypto payment gateway from an external partner, of which we have made many reviews. But those that want to

Read More »
Leander 10 July 2023
FCF Pay Logo
FCF Pay is our best rated cryptocurrency payment gateway
Accept all cryptocurrencies for the lowest fee of 0.5%
Our review
Visit website

Alternatives

FCF Pay Logo

FCF Pay

Rating: 8.9
FCF Pay is our best reviewed cryptocurrency payment gateway with the goal of making crypto payments easy
Our review
Visit site
Coingate logo

Coingate

Rating: 8.5
Coingate is a Lithuanian-based fintech company established in 2014 that has processed over 2.5 million crypto transactions so far.
Our review
Visit site
NOWpayments logo

NOWPayments

Rating: 8.5
NOWPayments accepts over 160 cryptocurrencies, which is the highest amount among payment gateways, and offers competitive fees.
Our review
Visit site

We reviewed all Crypto payment gateways, so you can make a well-informed decision

About

Reviews

Crypto PSP's

Crypto PSP's
Logo