CoinPayments Integration Information – Step 1: Account Setup

CoinPayments Integration Information Steps

Overview of Step 1: Account Setup

By the tip of this information, you’ll:

This information is designed to make onboarding easy and easy. Observe the steps, and also you’ll be prepared to make use of the platform very quickly.

Signal Up

1. Create Your Account
   • Go to the CoinPayments web site, click on on Signal Up to Create your CoinPayments account.
   • Enter your electronic mail, create a robust password, and comply with the phrases and situations.

2. Examine your electronic mail field for a code to confirm your electronic mail 
3. Allow Two-Issue Authentication (2FA)
   • Safe your account with 2FA instantly after signing up.
   • Observe the easy steps to arrange Google Authenticator on your account.

4. Entry the Sandbox Atmosphere
   • When you’ve signed up, discover the sandbox surroundings with LTC check currencies to check out totally different transaction varieties and integrations.

Ideas for Sharing Account Entry Amongst A number of Customers

If a number of customers want entry to your CoinPayments account, comply with these finest practices to make sure safe and seamless entry:

1. Share Login Credentials:
   • Present the login electronic mail deal with and password to all licensed customers.
   • Guarantee all customers perceive and comply with your group’s safety insurance policies.

2. Coordinate Electronic mail and 2FA Entry:
   • Use a shared electronic mail deal with because the login and 2FA verification methodology.
   • Set a novel password for the e-mail account that’s totally different from the CoinPayments account password to boost safety.

3. Utilizing Google Authenticator for 2FA:
   • When establishing 2FA with Google Authenticator, take a screenshot of the QR code or copy the verification code throughout the preliminary setup.
   • Share the code securely with all customers who require entry, making certain they arrange their very own verification app promptly.

Essential: Delete the code instantly in spite of everything customers have configured their apps to keep away from unauthorized entry.

Account Verification

Verification is a vital step to unlock the complete options of your CoinPayments account. It ensures compliance with regulatory necessities, enhances safety, protects you from potential fraud and gives entry to superior platform options.

We perceive that verification can typically really feel overwhelming, so we’ve simplified the method with a tiered method tailor-made to your account sort – whether or not private or enterprise. This ensures you present solely what’s crucial on your particular wants.

To additional streamline the method, we’ve partnered with SumSub, a trusted platform utilized by main monetary establishments. SumSub prioritizes knowledge safety, adhering to GDPR and different compliance requirements, so you possibly can full your verification with confidence.

This information will stroll you thru every step of the verification course of, outlining necessities for private and enterprise accounts, and present you find out how to get assist if wanted.

Account Sort

At CoinPayments, we provide two important account varieties to fit your wants: Private Account and Enterprise Account. Right here’s what every entails and the steps to finish verification:

Private Account:

• Ideally suited for people utilizing the platform for private transactions.
• Steps to Confirm:

1. Affirm your tax residence nation.
2. Present your private info.
3. Submit a government-issued id doc (e.g., passport).
4. Present proof of deal with (e.g., utility invoice).
5. Carry out a liveness examine utilizing your webcam or cell system.
6. Full a brief questionnaire to finalize verification.

Enterprise Account:

• Designed for companies, with choices for unincorporated and included entities.

Unincorporated Enterprise:

1. Choose your corporation sort.
2. Full a business questionnaire.
3. Affirm the tax residence nation.
4. Present private info of the enterprise proprietor.
5. Submit proof of id.
6. Present proof of deal with.

Included Enterprise:

1. Choose your corporation sort.
2. Submit a certificates of registration and ensure the nation of incorporation.
3. Full a enterprise questionnaire.
4. Present a certificates of incorporation.
5. Submit particulars of UBOs (Final Helpful Homeowners).
6. Present details about firm representatives.
7. Submit particulars of firm administrators.

Observe: In the event you encounter points throughout verification, entry the assist menu and submit a assist ticket for additional help.

Resolving Id Verification Points

In the event you encounter challenges throughout the verification course of, and the difficulty can’t be simply resolved by way of your verification dashboard, right here’s find out how to get assist:

1. Entry the Help Menu:
   • Log in to your CoinPayments account.
   • Navigate to Account > Help from the dashboard.

2. Present Particulars In regards to the Difficulty:
   • Clearly describe the issue you’re dealing with (e.g., unsupported doc sort, unclear recordsdata, and so on.).
   • Connect any related screenshots or recordsdata to assist your request.

3. Submit a Help Ticket:
   • As soon as your particulars are added, submit the ticket by way of the assist interface.
   • A buyer assist consultant will evaluate your request and make contact with you.

Our assist group is devoted to serving to you resolve any id verification points chances are you’ll encounter. We respect your cooperation and understanding all through the verification course of.

If extra paperwork are wanted based mostly in your firm’s nation of incorporation, area, or possession construction, we’ll promptly request them to expedite the onboarding course of. In case your submission meets our preliminary necessities, you’ll obtain an electronic mail with hyperlinks to confirm firm shareholders and/or representatives.

Setting Up Your Account

Account Settings

When you’ve created your account and logged inright here’s how one can customise your settings for a seamless expertise.

1. Navigate to Account Settings:
   • Log in to your CoinPayments account.
   • Go to Account > Settings from the dashboard.

2. Customise Preferences:
   • Modify the next to fit your wants:
     • Timezone: Set your native timezone for correct transaction timestamps.
     • Most popular Fiat Forex: Select a default fiat foreign money for displaying balances.
     • Notifications: Allow or disable electronic mail and SMS alerts for account exercise.
     • 2FA Technique: Replace or swap your Two-Issue Authentication methodology.
     • Password: Change your password to take care of safety.
     • Id Verification: If not but accomplished, you possibly can finalize verification from this tab

Tip: Commonly replace your preferences to make sure your account is safe and up-to-date.

Fee Settings

Managing your cost settings is vital to making sure your operations run easily. This part will information you thru optimizing your payouts and different choices for seamless operations.

CoinPayments makes this course of easy by making use of superior optimization mechanisms. By batching payouts and minimizing particular person transaction charges, it can save you time and cut back prices.

1. Entry Fee Settings
   • Navigate to Fee Settings from the dashboard to get began.

2. Select Payout Modes:
   • Determine the way you wish to deal with your payouts for every enabled foreign money

• Accessible choices are:
  • To Stability: Acquired funds are saved in your important CoinPayments pockets for the chosen foreign money. For safety, these funds are accessible solely by way of the CoinPayments Dashboard UI.
  • To Tackle: Funds are despatched to the deal with or pockets ID specified by you as quickly as they’re acquired by CoinPayments. This may be an inside CoinPayments pockets (service provider/API deal with) or an exterior pockets. Funds despatched to a CoinPayments pockets are accessible by way of each the Dashboard UI and API integration.
  • Hourly to Tackle: Funds are grouped and despatched to the required deal with or pockets ID each hour. This feature helps cut back community charges. Funds despatched to a CoinPayments pockets stay accessible through each the Dashboard UI and API integration.
  • Nightly to Tackle: Funds are grouped and despatched each night time at roughly midnight (GMT-05:00). This feature additionally helps save on community charges. Funds despatched to a CoinPayments pockets stay accessible through each the Dashboard UI and API integration.
  • Weekly to Tackle: Funds are grouped and despatched each Sunday at roughly midnight (GMT-05:00). This feature is good for minimizing transaction prices. Funds despatched to a CoinPayments pockets stay accessible through each the Dashboard UI and API integration.

3. Allow Payout Conversion:
   • Convert incoming funds into one other foreign money earlier than they’re despatched to your pockets. As an illustration, you possibly can arrange Bitcoin (BTC) funds to be transformed into Litecoin (LTC) and despatched on to your LTC pockets.

4. Set Reductions and Markups:
   • Incentivize your prospects to make use of sure currencies by providing reductions.
   • Apply markups to particular currencies to offset any related community charges.
   • Choose an possibility for every foreign money from the dropdown record. Then present the worth of the low cost or markup.

Tip: Use reductions to information buyer preferences and save on transaction prices!

5. Handle Underpayment Settings:

Cryptocurrency charges are risky which regularly results in underpayments from prospects. Nevertheless, typically it’s extra useful for the service provider to obtain the cost with a small underpayment moderately than lose the deal utterly.

Set the underpayment quantity in absolute fiat worth or proportion from the acquired cost to shut the offers promptly with out coping with refunds and double-payments:

1. Choose the fiat foreign money in response to which the underpayment worth is calculated:

2. Set the worth of underpayment within the absolute worth of the foreign money or in proportion of a cost.