Want to put a fiat gateway right on your platform? That’s a smart move.
By offering an easy way to buy bitcoin, ether and a range of other cryptocurrencies and tokens, your users can go from cash to crypto in no time — without needing to source their digital currencies on another website.
Fiat-to-crypto onramps are an increasingly popular solution, as they can save you both time and resources better served building the foundations for a crypto and Web3 future.
Often, in these discussions, Alchemy Pay and Transak are brought up. Rightfully so: both are strong solutions for onboarding new users.
Wondering which one can better meet your needs? In this article, we’ll compare the two.
About Alchemy Pay
At the time of writing, few onramps boast the global coverage that Alchemy Pay does. With a suite of on- and off-ramping solutions and a wide range of supported payment methods, it even offers low-KYC functionality in some cases.
The pros and cons of Alchemy Pay
PROS
CONS
* Wide global coverage (particularly in LATAM and Asia)
* Strong payment method support
* Low-KYC option
* A newer solution, which lacks the reputation of more established alternatives
About Transak
Trusted by over 600 DeFi, NFT and wallet projects, Transak is a fiat-to-crypto onramping solution with an unmatched fiat currency offering, a range of supported payment methods, and decent geographical coverage.
The pros and cons of Transak
PROS
CONS
* Great fiat currency coverage
* Trusted brand
* Good global reach
* KYC process can be cumbersome
* Though it supports a wide range of cryptocurrencies, other offerings surpass Transak considerably on this front
How do Alchemy Pay and Transak compare?
Alchemy Pay
Transak
Key region(s)
North America
North America
Fiat currencies
34
Unavailable
Cryptocurrencies
11
Unavailable
Payment methods
19
Unavailable
Supported countries
217
Unavailable
Trustpilot score
4.5
4.1
Networks supported
8
Unavailable
Integration fees?
✅
✅
Free with Onramper?
✅
❌
Which fiat onramp is best for my crypto business?
As the previous comparison demonstrates, both Alchemy Pay and Transak have their own unique strengths. If you caught our latest report, you’ll know that there’s no real answer to which onramp is best — because it’s different, not for every business, but for every user.
Alchemy Pay may work great for a segment of your user base, while being unusable for another segment. Transak could face the same issue, albeit with different segments.
Because over 70 factors influence a transaction, the reality is that a single onramp can never cater to a meaningful number of users. Serious players in the crypto and Web3 spaces should consider the inclusion of a whole suite of onramps.
Get the best of all onramps with a single integration
Integrating the multiple onramps required for truly global coverage can be both expensive and time-consuming. Why waste resources adding and maintaining them when you could achieve better results with just eight lines of code?
The Onramper widget is for businesses seeking seamless user onboarding — without the compliance, maintenance and integration headaches that come with DIY solutions.
Our fiat-to-crypto onramp aggregator puts over 15 of the industry’s best onramps directly on your platform. Reach out today to find out how our state-of-the-art fiat gateway can help you win new users.
