Crypto Payment Shift: CoinGate and CoinsPaid for Table Players

BitPay's decision to ban iGaming transactions has left table players seeking alternatives in the crypto payment arena. Operators have begun to pivot towards CoinGate and CoinsPaid, two platforms that now hold significant weight in the world of crypto-friendly online casinos. This shift narrows options but also highlights emerging competitors in the live-dealer and table play sectors.

As noted by Tech Insider, while BitPay has turned its back on iGaming, CoinsPaid is already processing payments for over 500 casinos. CoinGate has also carved out a niche with a flat 1% transaction fee under a 2025 MiCA license. This competitive landscape now shapes the experience for players who enjoy blackjack or baccarat in live dealer settings.

CoinsPaid, with its stronghold in the iGaming sector, supports a significant number of platforms. This extensive reach signals reliability and trust, crucial for table players who value smooth transactions. Meanwhile, CoinGate’s flat fee structure provides clarity on costs, which is beneficial for casinos managing their bottom line. A spokesperson from CoinGate shared on 1 July: "Our flat fee model ensures clarity and consistency in transaction costs for our clients."

What this means for table players in the UK

For UK table players, this shift may not immediately alter gameplay, but it could influence casino choices. UKGC-licensed casinos like Bet365 and William Hill, known for their live dealer experiences, are less dependent on crypto solutions compared to those in less regulated regions. However, if an operator utilizing CoinsPaid or CoinGate alters fees or transaction times, players might experience slower withdrawals or modified deposit options. Recent findings from our April 2026 audit revealed that UKGC casinos typically provide Faster Payments and Visa Direct, enabling speedy payouts between 8-36 hours. This efficiency is markedly better than non-UKGC operators, which often see delays of 24-96 hours.

Industry implications

BitPay's withdrawal aligns with a larger trend of regulatory tightening in various markets. However, the UK has not heavily scrutinized crypto payments, thanks to the solid payment frameworks established by compliant operators. The potential £273,000 penalty for non-compliance may seem substantial, yet it pales in comparison to some historical fines. BitPay's choice reflects a cautious strategy prevalent in the financial sector, wary of regulatory repercussions. This exit creates opportunities for competitors like CoinGate and CoinsPaid to capture market share, provided they can adeptly navigate the regulatory environment.

For more detailed insights on UKGC-compliant casinos and their payout efficiencies, visit our guides on licensed operators.