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Organisation

Banxa

2 placements on ChainChoice under Banxa, each scored against its own category's pool and criteria — none currently #1. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Crypto Offramps
Banxa
Rank#5 OverallScore53

#1 in this category: Kraken

View verdict
Onramps
Banxa
Rank#5 OverallScore68

#1 in this category: Transak

View verdict
Crypto Offramps
How you can lose money here, and what the ranking scores
  • Regulatory failure (Banxa 7/10): no licence where you are, or a forced market exit.
    Scored by Verified licences and regulated footprint · 15%
  • Execution failure: you get a worse price, later, or nothing.
    Scored by Spread disclosure and quote binding · 25% (Banxa 7/10)
    Scored by Payout rails speed and coverage · 20% (Banxa 6/10)
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Insolvency failure, Exit failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: All-in cost of a representative sale (40%).
Onramps
How you can lose money here, and what the ranking scores
  • Regulatory failure (Banxa 8/10): no licence where you are, or a forced market exit.
    Scored by Whose money-transmission licence is my money riding — and is that entity my counterparty? · 22%
  • Execution failure (Banxa 6/10): you get a worse price, later, or nothing.
    Scored by Is the number on the widget the number that settles? · 26%
  • Information failure (Banxa 7/10): the number is wrong or bought, or your data leaks.
    Scored by How much identity do I surrender before the coins land in my wallet, and how long does that take? · 18%
Not assessed by this ranking: Control failure, Liveness failure, Custody failure, Insolvency failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: What does a €200 purchase actually cost me — by card and by bank, all-in? (34%).