CoinGate Alternative: Settlematic Compared for EU Merchants
CoinGate is MiCA CASP-licensed with EUR/USD/GBP settlement at ~1%. Compare custody, fees and EU fit against non-custodial Settlematic — with sourced figures.
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Compare custody models
- Custodial processors hold keys and convert.
- Non-custodial settlement binds addresses to your wallet.
- Use the table below for the attribute-level split.
CoinGate is a MiCA-licensed EU gateway that converts crypto to EUR, USD, or GBP at about 1% plus FX. Settlematic is the non-custodial alternative for merchants who want stablecoins settled straight to their own wallet at a flat subscription, with fiat-quoted invoicing. Choose CoinGate for bank-account euros; choose Settlematic for custody-free settlement.
TL;DR
CoinGate is a MiCA CASP-licensed EU gateway that converts crypto to EUR/USD/GBP at about 1% plus FX markup. Settlematic is non-custodial, settles stablecoins straight to a wallet you control at a flat subscription, and does not convert to fiat. If you need bank-account euros with EU licensing, CoinGate wins; if you want custody-free settlement and flat pricing, Settlematic does.
Short answer: CoinGate is a MiCA CASP-licensed EU gateway that converts incoming crypto to EUR, USD or GBP at the moment of payment for about 1% plus an FX markup. Settlematic is non-custodial — each address is bound to a wallet you control at issuance — settles stablecoins directly rather than converting to fiat, and charges a flat subscription with no percentage of volume. CoinGate wins when you need bank-account euros under EU supervision; Settlematic wins when you want custody-free settlement and flat pricing.
We build Settlematic, so treat this as an informed but interested comparison. CoinGate figures below are sourced to CoinGate's own site and the ESMA MiCA register, verified 7 September 2026. Where CoinGate is the better choice — and for many EU merchants it is — we say so.
What does CoinGate's MiCA license cover?
CoinGate's contracting entity, UAB Decentralized, is MiCA-licensed by the Bank of Lithuania (announced December 2025) and appears in the ESMA register. The authorisation covers custody and administration of crypto-assets, exchange of crypto-assets for funds and for other crypto-assets, and transfer services. Under MiCA, client crypto-assets are ring-fenced from the firm's own funds and the entity holds prudential capital.
This matters because, since 1 July 2026, providing crypto-asset services to EU clients requires full CASP authorisation — national regimes no longer suffice. CoinGate holds that authorisation. It is worth being precise about why: MiCA regulates custody, and CoinGate takes custody to convert and settle fiat. Settlematic's model is non-custodial — it never safekeeps client assets or keys — which changes the regulatory surface rather than clearing the same bar.
Fees and settlement
Per 2026 reviews of its published terms, CoinGate charges roughly 1% per transaction, withdrawals of about 0.5-1%, and an FX markup of about 0.5-1% on crypto-to-fiat conversion, with no setup or monthly fee. The real cost story is that CoinGate settles in EUR/USD/GBP, so it absorbs the exchange step you would otherwise pay for separately.
Settlematic charges a flat subscription — Collect from $20/month and Gateway on Pro from $49/month, with a 7-day trial and free sandbox — and no percentage of volume. But it does not convert to fiat: you receive USDC, USDT, EURC, ETH or BTC in your wallet and off-ramp separately. For EU merchants, EURC settlement can keep you euro-denominated on-chain without a conversion margin. See Gateway and pricing.
Head to head
| Dimension | CoinGate | Settlematic |
|---|---|---|
| Custody model | Custodial — takes custody to convert and settle fiat | Non-custodial — addresses bound to your wallet at issuance |
| EU license | MiCA CASP (Bank of Lithuania, Dec 2025); UAB Decentralized | Non-custodial; KYB/KYC and Travel Rule workflows |
| Pricing | ~1% per txn, ~0.5-1% withdrawals, ~0.5-1% FX markup | Flat subscription from $20/mo (Collect), $49/mo (Gateway); no % of volume |
| Fiat settlement | EUR, USD, GBP to bank account, instant conversion | Not built in — stablecoin/majors to your wallet, off-ramp separately |
| Coin coverage | 70+ cryptocurrencies | USDC, USDT, EURC, ETH, BTC across 6 chains |
| Fiat-quoted invoicing | Yes, with instant conversion at payment | Bill in USD/EUR/GBP, client pays crypto quoted at send-time |
| Track record | Founded 2014, Vilnius | Newer entrant — launched 2025 |
Where CoinGate wins
- You need euros in a bank account. CoinGate converts and settles EUR/USD/GBP automatically. Settlematic leaves the off-ramp to you.
- You want an EU-licensed counterparty. A MiCA CASP authorisation gives EU merchants a clear, supervised relationship — useful for procurement, audit and consumer-facing checkout.
- You want broader coin acceptance with fiat conversion. CoinGate's 70+ coins plus instant conversion covers pairs Settlematic's stablecoin focus does not.
- You value a longer operating history. CoinGate has run since 2014; Settlematic launched in 2025.
Where Settlematic wins: no third party ever holds your funds (CoinGate must, to convert), flat pricing with no take-rate or FX margin, and EURC settlement that keeps you euro-denominated on-chain. For EU merchants comfortable holding stablecoins, that removes both custody risk and conversion cost. See our guides on accepting crypto under MiCA and Cyprus.
The bottom line
Pick CoinGate if bank-account euros under EU supervision are non-negotiable — its MiCA license and instant fiat conversion are exactly built for that. Pick Settlematic if you would rather hold stablecoins non-custodially, avoid a percentage of volume plus FX markup, and keep addresses that cannot be redirected once issued.
Try the free sandbox or compare plans on pricing. CoinGate figures sourced from coingate.com and the ESMA MiCA register, verified 7 September 2026; rates and licensing change — check the sources for current terms. Settlematic is not affiliated with CoinGate.
Sources
Frequently asked questions
- Is CoinGate MiCA licensed?
- Yes. CoinGate's operating entity, UAB Decentralized, received a MiCA CASP authorisation from the Bank of Lithuania in December 2025, covering custody, exchange and transfer of crypto-assets. Settlematic is non-custodial and does not require a CASP license for its custody-free settlement model, but supports KYB/KYC and Travel Rule workflows.
- What does CoinGate charge?
- CoinGate charges roughly 1% per transaction, with withdrawals around 0.5-1% and an FX markup of about 0.5-1% on crypto-to-fiat conversion, per 2026 reviews of its published terms. Settlematic charges a flat monthly subscription with no percentage of volume.
- Does CoinGate pay out in fiat?
- Yes. CoinGate converts incoming crypto to fiat at the moment of payment and settles in EUR, USD or GBP to a bank account. Settlematic settles in stablecoins (USDC/USDT/EURC) and majors to your wallet; converting to fiat is your responsibility.
- Which is better for an EU business?
- If you need euros in a bank account under EU supervision, CoinGate's MiCA license and fiat settlement are a strong fit. If you would rather hold stablecoins non-custodially and avoid a percentage take-rate, Settlematic fits — especially for EU free-zone, B2B and cross-border flows.