Coinify is a cryptocurrency exchange and payment service provider. Founded in 2014, Coinify has grown to become one of the largest bitcoin companies in Europe. With their services, you can buy bitcoins with SEPA bank transfers as well as credit card payments. They also offer instant conversion from BTC to EUR for those who want to withdraw funds straight away into Euros or Danish Kroner (DKK).
If you’re not familiar with Coinify, it’s a well-known open-source crypto wallet that also functions as an asset browser software.
The majority of the world’s businesses and consumers can now use 1313 as a platform to organize, manage, organize and release their next-generation business processes. Its services are accessible across Europe, South and North America, and Asia. The platform is highly adaptable; it supports the most common cryptocurrencies, such as Ethereum and Bitcoin.
Coinify’s bill payment option, which allows users to invoice legal online gambling clients and accept bitcoin payments, is a crucial component of the company’s services.Whether you’re trading digitally, conducting online transactions, or purchasing crypto to play at the best crypto casino, Coinify is a fantastic platform to store and trade your cryptocurrency.We’ll get to know more about the platform and how recent developments suggest an interesting future in this section.
Coinify was launched in 2014 by a team of young Danish engineers.
This project was competing with other platforms. But this one had special security for the storage of the pictures. Other platforms didn’t have this, so they focused on other things, like making it easy to use and stuff like that.
Overall, the team of developers is experienced in payments, finance, risk, e-commerce, and digital currencies – a perfect combination of talents, education, and experience to help it grow.
Coinify is a global financial technology company that offers consumers with access to the largest range of payment methods. Through digital currencies, merchants may accept crypto payments without having to build their own infrastructure or deal with volatility risks associated with fiat. Coinify provides the ideal platform for retailers to transact in cryptocurrency.There are more than 200 million clients on its platform and digital currency services are accessible to customers and businesses of all shapes and sizes.
Coinify is a company that helps you pay with digital currency. It is an easy, secure way to buy things with the help of your phone.Furthermore, users may deposit money directly into their accounts using digital currencies and receive funds in fiat currency immediately.
Coinify is a cryptocurrency exchange with a straightforward user interface. Individual currency trading, payment processing capabilities, corporate brokerage, and business solutions are all available through its platform.Users can accept numerous cryptocurrencies and transform them to more than 20 fiat currencies through Coinify. When I made a deposit, it was easy and it turned out to be safe. Also, I found it useful place to store my coins.
Coinify also provides plugins to allow its customers to interact with other platforms such as Shopify, Magento, WooCommerce, and BigCommerce. It offers a browser-based application that you may use on your mobile device or from the web.
Coinify is a cryptocurrency payment gateway that enables merchants and payment service providers to receive payments in fiat currencies at no extra cost.
Deposit methods include digital currency deposits (for example, bitcoin) and direct fiat transfers.
Any business that holds funds for its customers may allow their customers to withdraw money in Bitcoin.
Businesses and professional services may use the platform to pay invoices in fiat currencies. Coinify performs the automatic conversion and final settlement of the invoice at face value.
Users can change between fiat and digital currencies without exiting the app, website, or wallet with Coinify.
Bitcoin trading fees are determined by many factors. Bitcoin traders typically don’t have to worry about significant costs when they trade because the platform itself handles them automatically. The rate at which you buy or sell coins is called a spread, and it’s paid in addition to the purchase price. I didn’t like that bitcoin transactions are not free.
A service charge of 2% is a standard cost for a credit or debit card payment. It’s included in the total amount you’re charged, which is paid to the vendor by your bank. This fee also shows on your receipt, which the platform emails to you as soon as the transaction is completed.
The APIs and custom e-commerce connectors on Coinify are designed with the end users’ requirements in mind.You can totally control the application procedure and have the option of employing the Coinify Wallet Trading Solution partners’ Digital Currency Trading API for cryptocurrency trading. Alternatively, you may utilize Coinify Payment solutions for digital currency payments.
To get started, simply go to the Coinify website and click on Start. This will take you through a series of questions that can be completed in five minutes or less. The following steps show how to use Coinify’s mobile apps:
You must first create an account with Coinify. After landing on the website, you must click the Sign Up button and pick MyCoinify. You’ll be asked to accept Coinify’s Terms & Conditions before you may enter your location details.
This will be the last screen you see before purchasing. You must then pick a payment option (VISA/Mastercard or bank account, for example) and click Continue. Coinify will send you an email verification to confirm your email address after which you will need to respond to verify it.
You’ll be taken to a new form where you’ll need to fill in your personal information. When you’ve finished, click Continue.
After you’ve finished filling out the form, you’ll be asked to provide some personal information and answer a few questions about your intended use of the platform. You must provide the answers to how much do you expect to trade with them each year and what the main origin of funds that you will be trading with.
The first two questions are to verify that you’re using Coinify’s services lawfully. You can then choose to Continue by clicking Yes.
At the end of the process, Coinify will confirm your identify. You’ll need to provide certain information for the platform to operate. This is a crucial stage in preventing fraudulent activity on your account. Select Start after you’ve arrived at the area.
After you select the country that issued your ID, you will take a picture of both sides of it.
You can start utilizing the platform right away after you’ve completed both phases and have been confirmed.
When you’ve been confirmed, a blue menu will appear at the top of your dashboard. This will be your main source of interaction, and you’ll use the menu for transfers, payments, and withdrawals, among other things.
When moving money from one portfolio to another, you’ll need a QR code. You may copy and e-mail the code to someone else who has the same wallet. Digital currency transactions are carried out quickly and withdrawals from the wallet and payments are simple.
If you want to pay with Coinify when purchasing goods or playing at your favorite crypto casino, it’s a snap. Before leaving the platform, don’t forget to log out -– you must be vigilant at all times, especially if money is in your account.
Coinify is a highly secure platform on which to trade. Its designers are diligent in their efforts to provide a safe and compliant service that serves the needs of all customers.The platform works with national and international regulatory authorities to guarantee that it is in full compliance with the most stringent industry norms and legislation.
The user is the only one who can keep private keys that are also safeguarded in your browser. This implies that, for each transaction request, you will be requested to provide your password. Users also have the option of creating diverse passwords for each type of asset under their portfolio.
Furthermore, the platform generates a seed phrase for each user and does not keep any private keys on third-party servers. Overall, I found it is clear that Coinify is dedicated to the highest levels of security and takes proactive measures to stay compliant with local and worldwide authorities.
There are several unique advantages this technology provides, and these have helped to boost its popularity among crypto users throughout the world.
Another advantage of the platform is that it allows users to deposit and withdraw in a variety of fiat currencies, including the most popular ones such as USD, EUR, and GBP.
Payments are extremely simple, and they allow customers to pay with two of the most popular payment methods online: credit card and bank wire. Payments are made rapidly and simply, resulting in a positive user experience.
Coinify’s platform appeals to many investors due to its low transaction costs. The fee structure is clear and converted into fiat money for your convenience.
A credit card payment might cost a few dollars, bank wire fees are around 0.25%, and crypto transaction costs are generally about 0.0001 BTC.If you use a regular bank account to make payments, you may be subjected to fees from the institution itself.
With such a diversified platform with so much to offer for crypto users, it’s no surprise that Coinify has drawn the attention of some of the industry’s major game players.
As the appetite for cryptocurrency payments continues to grow, Voyager Digital Ltd., a rapidly expanding US digital currency platform with a market capitalization of $4.8 billion, has acted swiftly to buy Coinify for an eye-watering $85 million.
Voyager has recognized Coinify’s enormous promise, and the acquisition is expected to help it accelerate its global expansion while also gaining entry to new markets.Coinify has a presence in over 150 countries, and its addition of Bitcoin on the platform will certainly ensure that Voyager is recognized.
Coinify will help Voyager with some payments. They will make people pay for things in digital money. This way, Voyager can get more business, and they do not have to worry about some payments.
With this amazing development, Voyager CEO and Co-founder Stephan Ehrlich lit up with joy, remarking.
Bill also revealed that after seeing a surge in demand from their clients who wanted to make and receive payments using cryptocurrencies, it was only a matter of time before Coinify joined.
CEO and Co-Founder of Coinify, Mark Højgaard, was ecstatic about the acquisition when he spoke about it with Voyager.
After acquiring 100 percent of Coinify’s shares, Voyager is now a step closer to realizing its goal of becoming a fully global firm that expands into new markets. Essentially, the acquisition has elevated Coinify’s position on a number of fronts; it’s essentially a game-changer for the company in terms of establishing a global presence in the market.
Coinify’s platform will benefit immensely from Voyager’s experience as a cryptocurrency broker that provides turnkey solutions to institutional and retail investors who trade crypto assets. Voyager’s 1.6 million users and substantial revenue streams make it clear that they are among the giants in the crypto sector.
With that in mind, Coinify aims to create a mutually advantageous relationship by leveraging its resources and talent.The company’s goal is to provide its clients with a high level of service at all times. The platform has committed to maintaining the exceptional quality of service that its client base has come to expect and looks forward to adding new features.
In the months ahead, Coinify’s payment processing platform will work with Voyager’s systems, allowing consumers to begin making direct cryptocurrency transactions from their digital asset accounts. This will eliminate any on-chain transaction costs associated with traditional payment platforms or on-chain transactions.
That’s not all, Coinify will top things off by giving its investors 5,100,000 new Voyager common shares and a $15 million increase to the bank account.
BetUS is a typical – albeit top-tier – legal online sportsbook, with the exception of its unique marketing incentives.
It has all of the features you’d expect from a US-friendly sports betting site, such as crypto deposit options that make navigating around the UIGEA banking regulation a cinch.
The BetUS online betting site offers the following cryptocurrencies as payment options:
When you look at the site’s alternative credit card alternatives, however, you’ll notice this: “ALT CREDIT CARD” Then tap or click “Buy Now,” and you’ll be brought to the Coinify login screen.
Your cash will be transferred to BetUS from the USD held in your Coinify account (or from a linked credit or bank account in your Coinify account) after that.
In the case of a delayed ETH transaction, you may wager within 30-60 minutes depending on current Ethereum transfer times.
Most players, of course, will not already have a Coinify account. Fortunately, the plugin also enables you to establish this rapidly and securely:
So, why should you care about this? Because, for first-time crypto users, there is often a lengthy waiting period before the coins you acquire through conventional exchanges are credited to your account and ready to be sent off-platform.
The wait time for a market order varies by exchange, but it’s usually between five and ten days. For online sports betting, that’s almost always a dealbreaker. You want to wager right now, not in a week or two! With BetUS, you can do so with Coinify.
Coinify’s rapid identity verification is what makes it possible for you to send and receive cryptocurrency in only two minutes.
For new users, the Cash App has a 24-48-hour verification period.
The key difference is that Cash App Bitcoin deposits are permitted by all legal betting sites, whereas credit-to-Ethereum deposits are available only through BetUS’ Coinify plugin through its site.
BetOnline Sportsbook and other operators utilized a similar service called Quickbit (aka QB Direct) for a period of time.
That is, it enabled site members to make credit card payments that could be instantly converted to Litecoin. Your betting bankroll would then be automatically replenished with LTC.
However, Coinify is a well-known cryptocurrency trading platform rather than a niche card-based crypto middleman service. As a result, it has a little more “durability.”
Both Coinify and Voyager are dedicated to expansion, and they want to be a part of the cryptocurrency evolution.As Coinify moves forward, it reaches new heights of success.