Link: https://old.reddit.com/r/CryptoCurrency/comments/1tr0do8/coinremitter_is_a_fee_trap_for_small_developers/

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The original was posted on /r/cryptocurrency by /u/cergo123 on 2026-05-29 12:30:06+00:00.

Hey everyone,

I wanted to put out a massive warning to any independent developers, Telegram bot creators, or web admins looking into using Coinremitter as a cryptocurrency payment gateway. They market themselves as having a tiny "0.23% processing fee," but it is a massive trap designed to completely drain small-scale accounts.

I recently integrated their API into my Telegram bot to process premium upgrades in Bitcoin. Everything looked fine on paper until my users paid their invoices.

Here is the exact math of how they drained my wallet:

• Total Invoices Paid by Users: 0.00053163 BTC (Roughly $39.00 USD at the time).
• What actually arrived in my external wallet: 0.00003138 BTC (Roughly $2.31 USD).

Because I had their "Auto-Withdraw" feature turned on, their system triggered a payout the exact second my balance cleared the minimum threshold. What they bury in their fine print is a massive, flat-rate internal withdrawal fee (charging me over 0.00045 BTC / $33.58 USD just to process the sweep), completely separate from the actual blockchain miner fee.

They essentially took a 14x bigger cut than what they actually paid out to me, completely wiping out my hard-earned revenue.

If you are a small developer, do not use Coinremitter. Your funds will get automatically swept and absorbed by their predatory flat withdrawal fees. If you're building on Telegram, migrate immediately to native Telegram Stars (XTR)—don't let these payment gateways scam you out of your code's profit.

Watch out guys. Always check the flat minimum withdrawal fees, not just the advertised percentage rate!

Website: coinremitter[.]com