CoinGate
UAB Decentralized · LT · 7 countries served
MiCA-licensed · Lietuvos bankas + EMI Payment Institution licence★ 3.5 / 5
CoinGate (legally UAB Decentralized) is the first homegrown Lithuanian MiCA CASP-licensed firm (Lietuvos bankas, 2025-12-17) and one of the oldest Lithuanian crypto businesses (founded 2014). Core product - crypto merchant payment processing (merchants accept BTC, ETH and 70+ crypto as payments) with a B2B focus. Received dual licensing: MiCA CASP + Payment Institution (EMT). EU passport across 30 EEA countries.
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Fees
| Spot maker | N/A (B2B / OTC only) |
| Spot taker | N/A (B2B / OTC only) |
| SEPA deposit | N/A (B2B / OTC only) |
| Card deposit | N/A (B2B / OTC only) |
| SEPA withdrawal | N/A (B2B / OTC only) |
* This platform is exclusively for B2B, corporate, and institutional clients (fintech, enterprise). It does not provide a public retail trading interface.
Features
- ✓SEPA transfers
- −Bank ID support
- ✓Mobile app
- ✓Two-factor authentication
- ✓Cold storage custody
- −Proof of Reserves
- −Derivatives (futures/perp)
- ✓70+ crypto trading pairs
Supported fiat currencies: EUR
Pros
- ✓**First homegrown Lithuanian MiCA CASP** (Lietuvos bankas, 2025-12-17)
- ✓Dual licensing: MiCA CASP + Payment Institution (EMT)
- ✓Historical track record - founded 2014 (one of the oldest LT)
- ✓70+ crypto support for merchant payment processing
- ✓Custody + exchange + placing + transfer services
- ✓EU passport across 30 EEA countries
- ✓Extensive API for merchants and e-commerce
Cons
- ✗**Core focus is merchant payment processing, not retail trading**
- ✗No classical retail exchange UX
- ✗No public spot trading pricing tier
- ✗No LV/EE language interface
- ✗No derivatives
- ✗Lower liquidity vs Tier-1 retail exchanges