Transak review

Transak is run by Transak Limited, the legal entity named for the service. It holds a Financial Conduct Authority registration in the UK, 928910, and a FinCEN registration in the US, 2362652. The same company handles support, complaints and the account, so a dispute does not have to be chased across separate firms.

136 coins are listed, close to the crypto group median, 77.5, and well below bunq at from 350 and Vivid Plus at from 300. The gap sits in the long tail of small tokens, so check the coins you actually want are on the list before you fund an account.

Use the category figures as a yardstick: the crypto group median taker fee is 0.2% and the median headline rate is 3.3%, against 3.3% across exchanges. The ranking puts 0.5% at the upper end of typical taker fees, which shows how far that figure can move.

Yes, in several markets. Financial Conduct Authority (UK), FinCEN (NMLS) and AUSTRAC are all named, spanning the UK, the US, Australia, Canada and India. Those registrations sit on the money side of the business, which is what the account is checked against. They tell you nothing about how a coin will perform or how far its price can travel.

Accounts are funded by card, bank and apple pay. Across this group, bank transfer is the most common route at 91.9%, with card at 52.9%. Card payments suit smaller purchases, while bank transfer is the route most used across crypto brands, so pick the method that matches the size of your deposit.

Access works as a cex, and self custody is listed among the features, so there is a self-custody route rather than everything sitting with the platform. Self-custody is the minority setup in this field: 23.4% of exchanges here offer it, so it is worth checking how a purchase is actually held.

No. Derivatives are listed as not available, so there is nothing to hedge with and no leveraged product to size up. If that is the point of the platform, the answer is quick: this is a place to buy coins and hold them, not to take positions. A person who wants exposure beyond spot will not find it here.

Across the brands covered, retail loss rates run 65.75% to 74.5%, with 70.15% in the middle. Those figures describe the sector rather than this platform, and they are the reason to size any crypto purchase against money you can afford to lose.