Transak Review (October 2026): Fees, US States and Licenses

Best for: Wallet-embedded on-ramp

5.2/10

US access 20%9.0
Regulation 20%4.0
Security record 15%6.0
Cost 15%5.0
Range 10%4.0
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
Custody— Not verified
App Store— Not verified

Our verdict

Transak is a fiat-to-crypto on-ramp embedded in wallets and apps. US customers are served by Transak USA LLC, a Delaware company registered with FinCEN as a money services business (NMLS ID 2362652). Its coverage page lists most US states with Visa, Mastercard, Apple Pay, Google Pay and wire funding, and identity verification is required for all customers.

Pros

FinCEN-registered US entity, NMLS ID 2362652
Card, Apple Pay, Google Pay and wire funding
136+ cryptocurrencies supported platform-wide

Cons

New York not found on coverage page
Fees shown only at order time
Identity verification required for every customer

Transak fees

Maker / taker: — Not verified
Simple buy: Shown at order time; no percentage published in the terms
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: — Not verified
Minimum deposit: — Not verified

Is Transak available in my state?

Transak's coverage page (Oct 2026) lists US states individually with USD card, Apple Pay, Google Pay and wire on-ramp; New York, Louisiana and Alaska were not found in the table.

The list of states this platform serves is not verified yet.

New York, Louisiana and Alaska rows not found on the coverage page as extracted; treat as likely unsupported, re-check

New York: — Not verified
ID check (KYC): Yes
Withdraw crypto: — Not verified
Funding: Debit card, Credit card, Apple Pay, Google Pay, Wire

Is Transak regulated?

FinCEN MSB
NMLS 2362652

US operator: Transak USA LLC
Parent company: — Not verified
State licenses: FinCEN MSB registration no. 31000215880221; state licenses not listed in the terms
New York license: — Not verified
Founded: — Not verified
Headquarters: — Not verified

How secure is Transak?

Proof of reserves: — Not verified
Audits: — Not verified
Insurance: — Not verified

Crypto held on a platform is not covered by FDIC or SIPC insurance.

Transak FAQ

What are Transak's fees?

Simple buy: Shown at order time; no percentage published in the terms.

Is Transak regulated in the US?

US customers are served by Transak USA LLC. Registrations and licenses on record: FinCEN MSB, NMLS 2362652.

Does Transak require ID verification?

Yes. Transak verifies your identity before you can trade.

Alternatives to Transak

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.