PayCryptoHost vs CoinPayments: Which Crypto Payment Gateway Should You Use?
CoinPayments is long-running custodial wallet-and-gateway hybrid with a large coin list. PayCryptoHost takes the opposite approach: every invoice address is derived from your own extended public key, so the coins move from your customer to your wallet with nothing in between. Here is the honest comparison, including when CoinPayments is still the better choice.
PayCryptoHost vs CoinPayments at a glance
| PayCryptoHost | CoinPayments | |
|---|---|---|
| Custody | Self-custodial — addresses derived from your xPub, funds land in your wallet. | Custodial wallet — balances are held in your CoinPayments account. |
| Fees | Free to start; flat, published pricing with no volume negotiation. | Per-transaction fee plus conversion and withdrawal fees. |
| Merchant KYC | None on the platform — we never hold your funds. | Verification required for many features and payout methods. |
| Settlement | On-chain, direct to your wallet on first confirmation. No payout schedule. | Into your CoinPayments balance, then withdrawn on request. |
| Assets | BTC, ETH, USDT and more, all settling to your own addresses. | Hundreds of coins and tokens. |
| Integrations | REST API, webhooks, WordPress/WooCommerce and BigCommerce apps, hosted invoices. | Varies by plan — see CoinPayments's documentation. |
| Best for | Merchants who want to keep custody of their revenue and be live the same day. | Merchants who want a hosted multi-coin wallet alongside a checkout. |
CoinPayments details reflect their publicly documented product behaviour and can change — check their current pricing page before deciding.
Why merchants move from CoinPayments to PayCryptoHost
- •Nothing to withdraw: payments confirm straight into your own wallet.
- •No account balance means no withdrawal freezes, limits, or dormancy issues.
- •Modern invoicing UX with live rate locks, mismatch reporting, and webhook retries.
- •Clear, current documentation and an API designed for developers shipping this week.
When CoinPayments is still the better choice
- •You genuinely want a hosted multi-coin wallet rather than pure settlement.
We would rather you pick the right tool than churn in a month. If any of the above describes your business, CoinPayments is a reasonable choice.
How to switch from CoinPayments in a day
- 1. Create your account. No approval queue, no business verification to take your first payment.
- 2. Add your xPub. Paste the extended public key from your hardware or software wallet. PayCryptoHost derives a fresh receiving address per invoice and never sees a private key.
- 3. Point your store or API at us. Install the WordPress or BigCommerce app, or call the REST API and subscribe to webhooks.
- 4. Run both in parallel. Keep CoinPayments live until your first PayCryptoHost invoices confirm, then cut over.
Frequently asked questions
Is PayCryptoHost a good CoinPayments alternative?
PayCryptoHost is a self-custodial alternative to CoinPayments. Every invoice address is derived from your own extended public key, so payments settle straight into your wallet with no payout schedule, no minimum withdrawal and no merchant KYC on the platform.
How is PayCryptoHost different from CoinPayments on custody?
Custodial wallet — balances are held in your CoinPayments account. PayCryptoHost never takes possession of your funds — addresses are generated from your xPub and the coins go directly to you on the first confirmation.
When should I still use CoinPayments?
You genuinely want a hosted multi-coin wallet rather than pure settlement.
How long does it take to switch?
Most merchants are live the same day: create an account, paste your xPub, and either send an invoice or install the WordPress/WooCommerce or BigCommerce app and point it at your API key.
Compare other crypto payment gateways
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