CoinGate
CoinGate (UAB CoinGate)
CoinGate is a crypto payment gateway based in Vilnius (Lithuania), operating since 2014, that lets merchants accept payments in 70+ cryptocurrencies and settle in fiat (EUR, USD, GBP). In December 2025 it obtained both a MiCA (CASP) license and a Payment Institution license from the Bank of Lithuania. It serves 4,000+ merchants (including NordVPN and Hostinger) with a 1% per-transaction fee.
Data & conditions
| Service type | Stablecoin infrastructure |
|---|---|
| Pricing model | Per transaction |
| Fiat rails | SEPA |
| Stablecoins | USDT, USDC |
| Customer type | SMEs, Marketplace, Platforms, Enterprise |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | EEA, UK |
| Regulator | Bank of Lithuania |
| Segment | B2B |
| MiCA / License status | MiCA CASP (Bank of Lithuania)Payment Institution (Bank of Lithuania) MiCA CASP + Payment Institution (Lithuania, 2025) |
Strengths
- Regulated gateway: among the first in Lithuania with a full MiCA license + Payment Institution license.
- Long track record (since 2014), 70+ cryptos accepted and fiat settlement at a transparent 1% fee.
- No notable sovereignty advantage documented.
Weaknesses
- Merchant/business product: not a wallet or a service for end consumers.
- As a processor it custodies funds in transit during crypto/fiat conversion.
- Custodial: the platform holds your funds and can freeze or lose them.
- Subject to regulation (MiCA CASP + Payment Institution (Lithuania, 2025)): reporting to authorities and freezes on order.
Verdict
Score 4.1/5, very strong profile. In its favour: regulated gateway: among the first in Lithuania with a full MiCA license + Payment Institution license. The trade-off to weigh: merchant/business product: not a wallet or a service for end consumers.
On the Sovereignty lens the score is 0.0/5 (weak): the strength is fund control (0.0/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual use CoinGate?
CoinGate is designed for merchants and businesses that want to accept crypto; an individual encounters it as a payment method on sites that integrate it, not as a personal wallet.
Is CoinGate regulated?
Yes. Since December 2025 it holds a MiCA (CASP) license and a Payment Institution license issued by the Bank of Lithuania.
Sources
- Official service page Descrizione Data verified on Jul 17, 2026