Crypto Gloss

Transak

Definition:

Transak is a developer-focused fintech infrastructure company that provides a white-label, embeddable fiat-to-crypto and crypto-to-fiat gateway — delivered as a JavaScript widget, SDK, and API — enabling Web3 applications, wallets, games, and DeFi platforms to integrate cryptocurrency purchasing for their end users without building payment or compliance infrastructure themselves, handling KYC verification, payment processing, fraud detection, and regulatory licensing across 150+ countries while supporting 170+ cryptocurrencies and local payment methods including bank transfers, debit/credit cards, and region-specific payment rails. Transak is one of the two most commonly embedded crypto on-ramps alongside MoonPay, with integrations spanning major wallets, games (Decentraland, The Sandbox), NFT platforms, and DeFi aggregators.

Business Model

For developers/platforms:

  • Free integration: Transak charges users, not the integrating platform
  • Revenue share: Integrated platforms earn a share of Transak’s transaction fees as a referral/partner commission
  • White-label option: Platforms can present Transak with custom branding

For users:

  • Transaction fees: Typically 0.5–5.5% of transaction value depending on payment method, country, and currency
  • Lower fees for bank transfers vs. card payments
  • First transaction may have enhanced KYC (ID verification) — subsequent transactions use saved identity

Integration Products

Transak Widget:

An embeddable iFrame / JavaScript popup that requires minimal code to integrate. Opens a Transak-hosted flow within any website or mobile app — user completes KYC, selects crypto and amount, pays, and receives crypto to specified wallet address.

Transak One:

A simplified version optimized for mobile-first applications with a streamlined UX.

SDK:

Native mobile SDKs (React Native, iOS, Android) for deep integration into mobile wallet apps.

NFT Checkout:

Transak offers NFT-specific checkout enabling card purchases of NFTs on partner marketplaces.

Off-ramp:

Transak supports crypto-to-fiat withdrawals: users sell crypto and receive payment via bank transfer in supported regions.

Supported Scope

Cryptocurrencies (170+):

  • Major assets: BTC, ETH, SOL, MATIC, BNB, USDC, USDT, DAI
  • Long-tail tokens across Ethereum, BNB Chain, Polygon, Arbitrum, Optimism, Solana, and other networks
  • Network tokens for gas (used when wallets need to fund gas for new users)

Countries (150+):

Global coverage with restrictions in sanctioned jurisdictions (Iran, North Korea, Russia, etc.) and limited services in some high-risk markets.

Payment methods:

  • Card: Visa, Mastercard (in most countries)
  • Bank transfer: SEPA (Europe), ACH (USA), Faster Payments (UK), IMPS (India), PIX (Brazil)
  • Local wallets: UPI (India), Interac (Canada), iDEAL (Netherlands), and others
  • Apple Pay / Google Pay (in supported regions)

Key Integrations

Wallets:

  • MetaMask (buy crypto button)
  • Coinbase Wallet
  • Zengo
  • Argent
  • Ledger Live

DeFi / Web3:

  • Decentraland (virtual real estate and item purchases)
  • The Sandbox (LAND and SAND purchases)
  • Uniswap (fiat-to-swap integration)
  • OpenSea (NFT checkout)
  • Polygon (native fiat on-ramp for bridging)

Games and Metaverse:

Transak’s game integrations make it popular for blockchain games that need players to acquire in-game tokens or NFTs.

KYC and Compliance

KYC tiers:

  • Level 1: Email + mobile → small transaction limits (used for minimal on-ramp amounts)
  • Level 2: Government ID + selfie → higher limits (typical for regular users)
  • Level 3: Proof of address → highest limits (for large transactions)

Regulatory licenses:

Transak operates under money services business registrations, VASP registrations, and payment institution licenses in various jurisdictions — specifically holding licenses in the EU (via an EU entity), UK, and U.S. state-level money transmitter licenses.

Comparison with MoonPay and Ramp

Feature Transak MoonPay Ramp Network
Developer focus High Medium High
Countries 150+ 160+ 150+
Cryptos 170+ 100+ 90+
Revenue share Yes Yes Yes
NFT checkout Yes Yes Limited
Off-ramp Yes Yes Yes

All three are commonly described as “on-ramp infrastructure” and often appear side by side as options in MetaMask’s buy flow.

Related Terms

Sources

Last updated: 2026-04