Provider at a glance
- Category
- Crypto Offramps
- Entity
- All 2 Banxa products
- Official website
- banxa.com
Independent rankingchecked How it works
Details
Scored 53 out of 100 under methodology 2026.10.18, from the evidence read in October 2026.
Banxa
Crypto-to-fiat widget for businesses
Crypto Offramps
#5 Overall
Ranked #5 of 7 crypto offramps in the published ranking
53
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
- $240 your cost/yr
Is Banxa right for you?
Right for you if these matter most
- Spread disclosure and quote binding7/10; the category best is 8
Look elsewhere if these come first
- All-in cost of a representative sale2/10 here; Coinbase scores 4
- Payout rails speed and coverage6/10 here; the category best is 9
- Verified licences and regulated footprint7/10 here; MoonPay scores 9
Not yet tested for your country. Markets it lists: Europe, United States, Canada, Australia, Latin America.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best offramp shows where it lands for you.
What will Banxa cost you?
$240 your cost/yr
- Your monthly volume
- $1k
- Sale spread
- 2%
$121 above the median of 4 priced crypto offramps.
How this is calculatedHow safe is Banxa?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read October 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Banxa
Compare all 4- 3Coinbase5 points above · stronger on all in sell cost (4 against 2)58
- 4Transak5 points above · stronger on all in sell cost (4 against 2)58
- 6MoonPayLevel on score · stronger on all in sell cost (3 against 2)53
For your setup
Find out if Banxa fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Banxa lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best offrampNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Banxa ranks #5
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (15.4 here) sit inside the score; availability, friction, trust record and measured data add the rest.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
402+2.564.09#7/7Loading evidence…
257+5.606.08#2/7Loading evidence…
206+3.846.09#3/7Loading evidence…
157+3.367.09#4/7Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin−5behind Transak, #4
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 51–56 and ranks #5–#6
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Banxa’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
All-in cost of a representative sale 2 → 4 on its ladder · passes Transak+258#5 → #3
Spread disclosure and quote binding 7 → 10 on its ladder · passes Transak+358#5 → #4
Payout rails speed and coverage 6 → 10 on its ladder · passes Transak+458#5 → #3
All-in cost of a representative sale 2 → 1 on its ladder · MoonPay passes it−151#5 → #6
Spread disclosure and quote binding 7 → 6 on its ladder · MoonPay passes it−152#5 → #6
Payout rails speed and coverage 6 → 5 on its ladder · MoonPay passes it−152#5 → #6
Smallest climb: all-in cost of a representative sale 2 → 4 passes Transak, #4.
Strengths
1 from the score dataWhere it leads
Best for readers who weight
- Spread disclosure and quote binding — 7/10, category best 8/10
Tradeoffs
3 from the score dataWhere it trails
Not for readers who put first
- All-in cost of a representative sale — 2/10 against a category best of 9/10
- Payout rails speed and coverage — 6/10 against a category best of 9/10
- Verified licences and regulated footprint — 7/10 against a category best of 9/10
Record watch-outs
- Banxa's own pricing page permits a sell spread of up to 10%, plus a partner spread of up to a further 10% — the applied spread is never shown as a percentage, although "the final amount of fiat currency you will receive is always clearly displayed on the final page of the checkout process, right before you send your coins". Also note Banxa Holdings was delisted from the TSXV in January 2026 and is now a wholly owned subsidiary of OSL Group, so there is no longer public financial reporting on the entity holding your funds mid-payout.
- Banxa's 'Global Licenses (Non-USA), Version: 17 October 2025' PDF states: Australia — Global Internet Ventures Pty Ltd — Digital Currency Exchange (#DCE100618765-001) — AUSTRAC. The number DCE100236306 appears nowhere in the document and returns no corroborating result anywhere. The entity name is also wrong: it is Global Internet Ventures Pty Ltd, not 'BANXA'.
- The research also omits a second Canadian licence disclosed on the same page: Canada (Quebec) — Richmond Internet Ventures Corporation — Money Services Business License (Permit #15280) — Revenu Quebec.
Competitive position
Where Banxa leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#6 / 712.0 of 20 · best 14.0
Published criteria#4 / 711.5 of 30 · best 20.5
Friction#1 / 72.7 of 10 · constant here
Trust record#1 / 73.2 of 8 · constant here
Measured data#1 / 79.7 of 18 · pool best
Where Banxa leads
- Spread disclosure and quote binding#2 / 7
- Payout rails speed and coverage#3 / 7
Where it trails
- All-in cost of a representative sale#7 / 7
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
MoonPay#6 of 7 · score 53 · same score
Banxa leads on
- Spread disclosure and quote binding7 vs 3
MoonPay leads on
- All-in cost of a representative sale3 vs 2
- Verified licences and regulated footprint9 vs 7
Largest single reason Banxa is ahead: measured data (+3.6 display points).Scenario cost: MoonPay has no verified pricing for this scenario.
Transak#4 of 7 · score 58 · 5.0 points ahead
Banxa leads on
- Spread disclosure and quote binding7 vs 6
- Payout rails speed and coverage6 vs 4
- Verified licences and regulated footprint7 vs 5
Transak leads on
- All-in cost of a representative sale4 vs 2
Largest single reason Transak is ahead: availability (+5.2 display points).Scenario cost: Transak has no verified pricing for this scenario.
Coinbase#3 of 7 · score 58 · 5.0 points ahead
Banxa leads on
- Spread disclosure and quote binding7 vs 3
Coinbase leads on
- All-in cost of a representative sale4 vs 2
- Verified licences and regulated footprint8 vs 7
Largest single reason Coinbase is ahead: availability (+5.2 display points).Scenario cost: Coinbase has no verified pricing for this scenario.
Against the leader
82 vs 53 · gap 29.0Why Kraken ranks above Banxa
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale — it reproduces the displayed gap of 29.0 to within rounding.
DimensionThisKrakenGap share
Availability · 23% weight12.014.0−5.2, worse
Published criteria · 35% weight11.520.5−23.4, worse
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight9.79.7same
Published criterionThisKrakenPoints
All-in cost of a representative sale · w4029−8.96, worse
Spread disclosure and quote binding · w2578−0.80, worse
Payout rails speed and coverage · w2068−1.28, worse
Verified licences and regulated footprint · w1579−0.96, worse
Net5382−29.0
Your scenario
What Banxa costs on your scenario
Sale spread on your volume for a year. Excludes network gas and any withdrawal fee. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
$1k a month × 12 months × 2% sale spread = $240 / year
Your monthly volume · your input$1k
Sale spread · published rate2%
Rate read from the provider’s published pricing ↗ on 22 October 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
$240
Under the default inputs · USDCategory median$1194 of 7 rows priced · Banxa +$121 vs median
Cheapest priced$96 · KrakenBanxa costs +$144 more · availability not applied — set your country to filterCompare with Kraken
3 of 7 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 22 October 2026
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessOne point from changingrank #5 to #6 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 22 October 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
All-in cost of a representative salestrength 2 · weight 40Report an error—22 October 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Spread disclosure and quote bindingstrength 7 · weight 25Report an error—22 October 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Payout rails speed and coveragestrength 6 · weight 20Report an error—22 October 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Verified licences and regulated footprintstrength 7 · weight 15Report an error—22 October 2026*
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.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%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- Banxa help article "How does Banxa set the price of cryptocurrency?" ("Modified on Thu, 15 May, 2025", read 22 October 2026): "Banxa obtains the base price of a Crypto-Asset using reputable, independent third-party pricing providers and then adds a spread to quote you a price to buy or sell the Crypto-Asset." SELL spreads: Banxa Spread "Typical: 2-4%", "Min: 0%", "Max: 10%"; optional Partner Spread "Typical: 0-1%", "Max: 10%"; Recovery Spread "Typical: €0-1", "Max: €5". SELL via SEPA carries a "0%" Processing Fee ("Sell transactions do not attract a Processing Fee"); buys by card or Apple Pay carry "1.99%". For Sell transactions "the final amount of fiat currency you will receive is always clearly displayed on the final page of the checkout process, right before you send your coins."Banxa — official pricing page ↗ · 22 October 2026
- Prices published in
- USDBanxa — official pricing page ↗ · 22 October 2026
- Licences held
- United Kingdom: Registration / authorisation, European Union: Registration / authorisation, United States: Registration / authorisation, Australia: Registration / authorisation
- Compliance level
- full
- Regulatory note
- Global Internet Ventures Pty Ltd — AUSTRAC (Australia), Digital Currency Exchange, DCE100618765-001. Richmond Internet Ventures Corporation — FINTRAC (Canada), Money Services Business, M20577911. EU Internet Ventures B.V. — Dutch AFM, Crypto Asset Service Provider, 41000017. BNXA UK VASP Limited — UK FCA, MLR registration, 999863. Banxa — FinCEN MSB 31000255987782 (NMLS ID 2347615). Source: Banxa "Global Website Licenses as of 26.08.2026" PDF and the USA licences PDF of 9 September 2026.
- Supported chains
- Not published
- Markets served
- europe, us, ca, au, latam
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Banxa Customer Terms and Conditions (effective 10 March 2026; banxa.com/terms-of-use, read 22 October 2026): a customer warrants that "you are not a resident of a sanctioned country"; no country is named. Sell payout rails (Banxa docs, supported payment methods, read 22 October 2026): EUR card payouts in 27 listed European countries, SEPA, UK Faster Payments, Canada Interac, US ACH and Australia NPP Direct Entry; Brazil PIX is no longer listed. SEPA and ACH are shown at "1-3 Business Days" and the others as instant, as payment-method speeds rather than payout windows. "Availability may vary depending on the customer's region , selected fiat currency , and order type ."
Legal entity on file: Banxa, placed in 2 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Banxa: where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
11 methodology entries
- 22 October 2026Current verified snapshot · methodology 2026.10.18Score 53, #5 of 7. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt offramps:banxa_offramp:2026.10.18:e7aeff96beb3
Are you Banxa? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.