CoinPayments Vs Larecoin: Which Crypto POS System Actually Gives You Self-Custody?

Not your keys, not your crypto.

You've heard it a thousand times. Yet most crypto payment processors operate like traditional banks: holding your funds, controlling access, and adding unnecessary friction between you and your revenue.

The question isn't just which platform processes crypto payments. It's which platform actually lets you own those payments.

Let's break down the self-custody showdown between CoinPayments and Larecoin. Spoiler: one of them gets it right.

The Self-Custody Problem Nobody Talks About

Here's the uncomfortable truth about most crypto payment solutions.

They recreated the exact system crypto was designed to disrupt.

Think about it. You accept a Bitcoin payment from a customer. That payment goes to the processor's wallet. You wait for settlement. You request withdrawals. You pay fees. You hope nothing goes wrong on their end.

Sound familiar? That's because it's the same model as traditional payment processors. Just with cryptocurrency slapped on top.

CoinPayments: The Custodial Approach

CoinPayments has been around since 2013. They support 2,000+ cryptocurrencies. Impressive numbers on paper.

But here's what those numbers don't tell you.

CoinPayments operates a custodial model. When merchants receive payments, funds go to CoinPayments' wallets first. You're trusting them to:

• Secure your revenue

• Remain solvent

• Process withdrawals without delays

• Not freeze your account

This isn't speculation. It's their business model.

The risks are real:

• Third-party security breaches : Your funds sit in their infrastructure

• Withdrawal delays : You need permission to access your own money

• Platform insolvency risk : Remember what happened to FTX?

• Account freezes : One policy change and you're locked out

For merchants who got into crypto for financial sovereignty, this defeats the entire purpose.

NOWPayments: Same Story, Different Logo

NOWPayments markets itself as a non-custodial solution. Sounds promising, right?

Dig deeper.

While NOWPayments does offer some non-custodial options, their most popular features still involve intermediary steps. Instant conversions? Settlement periods? Fiat off-ramps with waiting times?

That's custodial characteristics dressed in non-custodial marketing.

The crypto payment processor space is filled with platforms that talk about decentralization while building centralized systems. It's frustrating for merchants who actually understand what's at stake.

Larecoin: Self-Custody By Design

Larecoin wasn't built to replicate traditional payment processing.

It was built to replace it.

Here's how the architecture works:

Direct wallet settlement. When a customer pays you through Larecoin, funds go straight to your merchant wallet. Immediately. No intermediary holding your revenue. No waiting periods. No permission required.

You control the private keys. You own the funds. Period.

What this means for merchants:

• Instant access to every payment

• Zero platform custody risk

• No third-party controlling your revenue

• True alignment with crypto's core principles

This isn't a feature. It's the foundation. Larecoin's entire architecture was designed from the ground up for decentralized financial independence.

Beyond Self-Custody: The Larecoin Advantage Stack

Self-custody is the baseline. But Larecoin doesn't stop there.

Fee Savings That Actually Matter

Traditional processors charge 2-4% per transaction. CoinPayments? 0.5% plus network fees. NOWPayments? Similar structure with conversion costs stacked on top.

Larecoin's fee structure is built for volume. Lower processing costs. Gas-efficient transfers. No hidden conversion fees eating into your margins.

For high-volume merchants, this difference compounds fast.

NFT Receipts: Proof of Purchase, Reimagined

Every transaction can generate an NFT receipt.

Not a gimmick. A utility.

These digital receipts create:

• Immutable proof of purchase : On-chain verification that can't be disputed

• Customer loyalty integration : NFT receipts can unlock rewards, discounts, future perks

• Accounting simplification : Blockchain-based records that sync automatically

• Brand engagement : Custom-designed receipts that reinforce your business identity

Traditional receipts are paper that gets lost. NFT receipts are permanent, programmable, and valuable.

LUSD: Stablecoin Benefits Without Volatility Risk

Accepting crypto is great until Bitcoin drops 15% before you can convert.

LUSD solves this.

Larecoin's stablecoin option gives merchants the benefits of crypto payments: fast settlement, low fees, borderless transactions: without exposure to market volatility.

Accept payments in LUSD. Hold in LUSD. Convert when you want. On your terms.

US Compliance: The Regulatory Moat

Here's where Larecoin separates from the pack.

Most crypto payment processors operate in regulatory gray zones. CoinPayments? Canadian-based. NOWPayments? Netherlands. When US regulators come knocking, merchants using these platforms face uncertainty.

Larecoin's approach is different.

• Money Services Business (MSB) registration : Federal-level compliance

• State Money Transmitter License (MTL) strategy : Systematic state-by-state licensing

• Rigorous US compliance framework : Built for the regulatory environment, not working around it

This isn't just about checking boxes. It's about building a payment infrastructure that won't get shut down when regulations tighten.

For US-based merchants, compliance isn't optional. It's essential. Larecoin gets this.

The Custody Comparison: Side by Side

Feature	CoinPayments	NOWPayments	Larecoin
True Self-Custody	❌	Partial	✅
Immediate Settlement	❌	❌	✅
Direct Wallet Payments	❌	Partial	✅
NFT Receipts	❌	❌	✅
Native Stablecoin	❌	❌	✅ (LUSD)
US MSB Registered	❌	❌	✅
State MTL Strategy	❌	❌	✅

The differences aren't subtle.

Why This Matters More Than Ever

2024 and 2025 taught us hard lessons about custodial risk.

Exchanges collapsed. Platforms froze withdrawals. Billions in customer funds disappeared.

The merchants who survived? The ones who controlled their own keys.

Self-custody isn't a philosophy. It's risk management.

When you accept crypto payments through a custodial platform, you're adding counterparty risk to every transaction. You're trusting someone else to hold your revenue securely, process withdrawals honestly, and remain solvent indefinitely.

That's a lot of trust for a trustless technology.

The Bottom Line

CoinPayments built crypto payments for the traditional finance mindset. Custodial. Centralized. Convenient for the platform, not the merchant.

Larecoin built crypto payments for Web3 natives. Self-custody. Decentralized. Designed for merchants who understand that ownership matters.

The question isn't which platform processes more coins.

It's which platform lets you actually own the coins you receive.

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Ready to Take Control?

Stop trusting intermediaries with your revenue.

Larecoin's merchant solutions deliver true self-custody, NFT receipts, LUSD stability, and rigorous US compliance.

Your customers pay. You receive. Directly. Instantly. Permanently.

Explore Larecoin Merchant Solutions →

Read the Whitepaper →

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This post is part of Larecoin's 10-Year Blog Marathon; documenting the evolution of Web3 payments and why self-custody is the future of merchant finance.