We have taken another step toward making crypto accessible to everyone. Transak now offers Wire Transfer payment method for US users. The simplest, most affordable way to go from fiat to crypto using your bank account.
How It Works
- Select your crypto and amount on Transak.
- Choose Wire Transfer as your payment method.
- Complete KYC if this is your first time. You can start with Light KYC and move up as per your limit requirements.
- Follow the provided wire transfer instructions from your bank.
- Receive your crypto once the wire is received.
Why Wire Transfer?
Wire is one of the most widely used local payment methods in the US. We wanted to bring the ease of everyday transactions to your Transak experience. Wire transfers are now one of the most cost-effective ways for US users to buy crypto on Transak. Whether you're a new user or a seasoned trader, here's what makes wire transfers the standout choice:
1. Lower Minimum Buy Amount
You can use wire with a minimum buy of just $100 to higher transaction limits upto $10,000, based on your KYC level. This makes wire transfers accessible to a much broader audience, especially those looking to test the waters with smaller purchases.
2. Affordable Fees
Wire is the most affordable payment method in the US. This fee structure is designed to save you more:
- $9 fixed fee
- 0.75% variable fee
That’s significantly lower than other US payment methods like credit cards or Apple Pay, which can charge up to 4.5%.
3. Available for Light KYC Users and beyond
Wire transfers are enabled for Light KYC users onwards. That means fewer steps and faster access for new users. Know more about KYC levels.
4. Available across all US States:
Wire transfers on Transak are available to KYC-verified US residents with a valid SSN. Users across 45 U.S. states, including the District of Columbia. This means users in 46 supported jurisdictions can now buy crypto via wire transfer, starting from just $100, with low fees and seamless bank integration.
Please note: At the time of writing this article, Transak does not supports its services for the following US states and territories:
- Alaska
- Louisiana
- Minnesota
- New York
- North Dakota
Territories:
- American Samoa
- Guam
- Northern Mariana Islands
- U.S. Virgin Islands
For our full coverage, check out transak.com/global-coverage
With lower fees, broader eligibility, and lower minimums, wire transfer now stands as the most efficient fiat-to-crypto bridge for US users. Whether you're an individual buyer or a business looking to scale, our wire offering fits your needs.
Get Started Now
Start your crypto journey or scale it faster with Transak Wire Transfer.
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