Introduction: What is PrivacyGate.IO?
PrivacyGate is an Coinbase-commerce alternative to accepting crypto payments online. In contrast to Coinbase that is a public company in the US, PrivacyGate is based in St. Vincent and the Grenadies and takes privacy very seriously. Because the company is based in an offshore jurisdiction, it does not need to comply with many of the regulations that the US requires of companies. PrivacyGate prides itself on being a more inclusive platform for everyone by supporting many cryptocurrencies, not just the three that Coinbase Commerce (managed) supports.
What is a crypto payment gateway?
A crypto payment gateway is a service that allows merchants to accept cryptocurrency payments. The most popular crypto payment gateways are BitPay, CoinPayments, and Coinbase Commerce. However, none of these are specifically oriented towards the needs of more privacy-concious individuals. This is where PrivacyGate comes in. With PrivacyGate, you can sign up in 2 minutes and do not need to undergo any sort of KYC / verification at all.
Why PrivacyGate over Coinbase Commerce?
First of all, since all wallets in the PrivacyGate system are managed by PrivacyGate, this means that all money that flows into the system is sort of “obscured” since there is not neccessarily any link between X wallet and Y user. To access this feature in Coinbase Commerce, you need to use their “managed” solution which requires KYC and only supports 3 cryptocurrencies, and is only available within the US. So if authorities wish to track you, whether you use “Self-Managed” or “Coinbase Managed,” they can do so, easily.
So, how do I register an account?
It is extremely easy to sign up. All you have to do is visit https://dash.privacygate.io/register and enter “Name,” “Email,” and “Password.”