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, MoonPay and TransFi 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.
With a focus on security and compliance, MoonPay serves users worldwide with its suite of on- and off-ramping solutions. It’s trusted as the payments gateway for a range of DEXs, CEXs and platforms in the industry.
The pros and cons of MoonPay
* Trusted brand (market leader)
* Good in the United States
* Wide range of supported cryptocurrencies and fiat currencies
* Limited payment method support
* Onboarding tends to be difficult, and startups are rejected
* High fees for businesses
* big spreads
Established in 2022, TransFi launched a great product and rapidly captured market share thanks to strong global coverage and simple integration.
The pros and cons of TransFi
* Available in 140+ countries
* Numerous payment methods
* Simple integration and widget theming
* Limited number of cryptocurrencies supported
* Limited number of fiat currencies supported
How do MoonPay and TransFi compare?
North America, Oceania
Asia, North America
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Which fiat onramp is best for my crypto business?
As the previous comparison demonstrates, both MoonPay and TransFi 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.
MoonPay may work great for a segment of your user base, while being unusable for another segment. TransFi 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.