Transak review

Transak covers 136 coins, above the 60 median for buy-crypto venues, and sits 68 of 172 on catalogue size. Bit2Me lists 244, so if sheer breadth is the goal, both belong on a shortlist.

Pricing for this kind of venue varies, so the useful anchor is the category: the median taker fee for buy-crypto venues is 0.25%, a common range runs 0.1% to 0.71%, and the cheapest sit at 0%.

Regulators listed for the service are Financial Conduct Authority (UK), FinCEN (NMLS) and AUSTRAC. The UK registration with the Financial Conduct Authority is 928910 and the US FinCEN registration is 2362652, with Transak Limited named as the operating company.

Transak accepts card, bank and apple pay, so the way you already pay for online spending or bank transfers is likely covered. Bank transfer is the common route among buy-crypto venues and card the usual second choice, so stick with the method you already trust.

Transak is a cex built around self custody, so the keys to what you buy sit with you rather than with the platform. That suits anyone who wants the balance to land in a personal wallet, and it means there is no platform-held balance to lean on.

Not here: the derivatives answer for Transak is a no, so there is no futures, perpetual or options market on offer. Traders who want those products need a venue that lists them, and the median taker fee for derivatives venues is 0.1%.

Support runs on chat, help centre and community, which means live chat, a help centre and a community space. Email and phone lines sit outside that list, so chat or the help centre are the routes to use, and the help centre is worth reading before you start.

It is aimed at buyers: 136 coins, funding by card, bank and apple pay and self custody as the custody model. Active traders get less, since derivatives are a no and support is limited to chat, help centre and community, so it fits first-time and occasional buyers rather than a daily routine.