Summary of Transak’s Introduction of Wire Transfers for Crypto Purchase
Transak has launched wire transfers as a new payment method for US customers to buy crypto, making it the first fiat-to-crypto on-ramp to offer this service. This move aims to improve accessibility and convenience, especially for US-based crypto buyers.
Benefits of Using Wire Transfers for Crypto Transactions
Wire transfers are ideal for high-value transactions, with an average order value 16 times higher than other payment methods on the platform. There is a minimum transaction requirement of $2,000, and users can purchase up to $25,000 in crypto daily after completing level 2 KYC verification.
Transak’s Commitment to Innovation and Security
Transak’s introduction of wire transfers for crypto purchases demonstrates their dedication to innovation and providing secure payment options. This milestone reflects their efforts to offer more convenient and secure payment options for their users.
