Payment methods

How to Buy Crypto with Transak

2 of the 80 exchanges we track accept Transak deposits, ranked by CWR Score. The list below is checked against your country.

On this page

Every exchange that accepts Transak, checked for your country

Transak deposits: availability shown for your country

Every exchange below lists Transak among its deposit methods in the CryptoWinRate database. The list checks each venue's restricted-country list against your location. Change it if we got it wrong.

Top pick for Transak
1

BYDFi

Spot fees (maker/taker)0.1% / 0.1%
Assets527
Max leverage500×
KYCNo KYC
  • No KYC needed to trade or withdraw, up to $50,000 a day
  • 527+ spot coins, including many small altcoins
Availability in your country
7.6CWR Score
Bonusup to $8,100
Cashback10%
Terms & how to claim
2

Phemex

Spot fees (maker/taker)0.1% / 0.1%
Assets1,027
Max leverage100×
KYCNo KYC
  • Low fees for cost-effective trading
  • No KYC requirements
Important A security incident was reported in 2025. Check the exchange’s official channels before you deposit.
Availability in your country

About buying crypto with Transak

Transak is a payment service that turns regular money into crypto. It’s built to sit inside other apps: wallets, fintech tools and some exchanges embed it so you can pay by card or bank transfer and get crypto without leaving the app. Its home currency range is broad, covering 76 fiat currencies.

Paying an exchange with Transak means you verify your identity with Transak itself, then pay from a card or bank account in your own name. You don’t hand your bank login to the exchange. Once the crypto has been sent on-chain, the transfer is final, because on-chain transfers can’t be reversed.

Not every exchange takes Transak. The list at the top of this page shows the ones that do.

Transak history

Outside the US, Transak is run by Transak Limited, a UK private company registered in London under company number 11539646 (formerly Light Technology Limited). It’s registered as a cryptoasset firm with the UK Financial Conduct Authority, under firm reference 928910. US users are served under a separate US terms of service.

The company states it covers more than 63 countries and has passed 10 million users. Along the way it added Wire Transfer as a payment method for US users and launched Transak Stream, a product that pays crypto out to a bank account or card. It operates under the UK money laundering regulations, which is why identity checks are mandatory.

Transak and crypto

Transak doesn’t run a custodial exchange or a wallet of its own, so you can’t park a crypto balance with it the way you would on a trading platform. It’s infrastructure that moves money between regular currency and crypto.

To buy, you pick a coin, give a self-custody wallet address, pass identity checks and pay with fiat. Transak then sends the crypto straight to that address. It also runs a sell flow: you send crypto to Transak and receive money back in your bank account or on your card. For large trades, an OTC desk handles amounts from 5,000 USD equivalent, settled directly between the parties without Transak holding your assets.

How to buy crypto with Transak

These steps work at any exchange on the list at the top of this page that accepts Transak.

  1. Pick an exchange. Choose one from the list at the top of this page that records Transak as a payment method.
  2. Verify your account. Complete the exchange’s sign-up and identity checks, and Transak’s own checks when prompted.
  3. Choose Transak. On the deposit or buy screen, select Transak and enter the amount you want.
  4. Pay in your own name. Pay from a card or bank account that belongs to you, since the payment has to match your verified identity.
  5. Buy the crypto. Check the quoted crypto amount against the spot price, then confirm.
  6. Keep the reference. Save Transak’s order reference, because that’s what support will ask for.

Can you buy crypto instantly with Transak?

It depends on how you pay. Card, Apple Pay and Google Pay payments are handled instantly, so the crypto usually reaches you within minutes. Bank transfers, including SEPA and Wire, only move once the money has arrived, which can mean the next working day. Weekends, bank cut-off times and a first-time identity check can all add delay. Once the crypto has been sent on-chain, the transfer is final, because on-chain transfers can’t be undone.

Fees when buying crypto with Transak

Transak charges a percentage fee that depends on how you pay, plus a spread built into the rate. Card, Apple Pay and Google Pay on-ramps run 3.99% plus 1 USD. A bank transfer is 2% plus 1 USD, a wire is 0.75% plus 9 USD, and a SEPA transfer in euros is 0.99%. Third-party costs such as network gas fees apply on top and aren’t set by Transak. An exchange may add its own deposit fee or a wider price on instant buys. The exact total is shown before you confirm, so read that screen before you commit.

Selling back through the off-ramp

Transak’s off-ramp does the reverse trip: you send crypto from your wallet and receive fiat in your bank account. That is genuinely useful, because getting money out is often harder than getting it in, particularly for someone who holds assets in self-custody and has no exchange account.

The same economics apply in reverse. There is a fee and a spread, and the rate you get is worse than an exchange order book would give you. For a small amount that is a fair price for skipping an account opening; for a large one it is not.

Off-ramp availability is narrower than on-ramp availability by country, so check it applies to you before relying on it as your exit.

How to choose an exchange that accepts Transak

Between exchanges that accept Transak, compare the total cost shown before you confirm, not just the coin price. Check how long account verification takes, which coins you can buy, and whether you can sell back through Transak when you want to cash out. Look at each exchange’s security record too. The list at the top of this page shows which ones accept Transak, and you can work through them from there.

Transak pros and cons

What we like

  • Can deliver crypto straight to a self-custody wallet address, skipping a withdrawal step.
  • Works both ways, so you can also sell crypto back to a bank account.
  • Card and wallet payments are handled instantly.
  • Covers 76 fiat currencies and several local payment methods.

What holds it back

  • A percentage fee plus a spread, so dearer than buying on an order book.
  • Its own identity verification, separate from the exchange’s.
  • Fees vary a lot by currency and payment method, so the quote is the only reliable figure.
  • Not accepted at every exchange.
Questions

Transak FAQ

Yes. You pay from a card or bank account in your own name, and you complete Transak’s identity checks before the crypto is sent. A payment from someone else’s instrument will be stopped.

Yes, and that’s its main use. You supply a self-custody wallet address and Transak pushes the crypto to it, so check the network carefully, exactly as you would for any crypto transfer.

Yes, where the off-ramp is available. You send crypto to Transak and receive fiat in your bank account or on your card. Coverage is narrower than for buying, so check before relying on it.

The order simply won’t complete, and Transak won’t send crypto until it has received your funds and fees. Contact Transak with your order reference, since the platform hosting the widget cannot resolve a payment that never reached it.

Yes. Its checks are its own and separate from any venue’s, with tiered levels that set how much you can buy.

Use whatever deposit or payment method that venue does support. If your goal is a self-custody wallet, you can also use the Transak widget wherever it appears inside a wallet or app rather than on an exchange.