Provider at a glance
- Category
- Stablecoin Settlement
- Entity
- Not verified
- Official website
- bvnk.com
Independent rankingchecked How it works
Details
Scored 80 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
BVNK
Stablecoin payments API and wallet
Stablecoin Settlement
#1 Overall
Ranked #1 of 7 stablecoin settlement in the published ranking
80
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is BVNK right for you?
Right for you if these matter most
- Published Wholesale Price6/10, the category best
- Whose Licence the Platform Operates Under8/10, the category best
- Settlement Finality and Failure Handling8/10; the category best is 9
Look elsewhere if these come first
- Where the Platform's Float Legally Sits5/10 here; Circle Payments Network scores 7
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best settlement provider shows where it lands for you.
What will BVNK cost you?
Not priced on this basis
- Payments per month
- 500
- Average payment
- $100
How safe is BVNK?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
- On the registersMiCA: authorised, SYSTEM PAY SERVICES (MALTA) LIMITED (MT, since 2026-02-13). Read 3 November 2026. Open the register
Alternatives to BVNK
Compare all 4- 2Bridge.xyz2 points below · stronger on settlement finality (9 against 8)78
- 3Circle Payments Network2 points below · stronger on float custody (7 against 5)78
- 4Zero Hash7 points below · weaker on wholesale price published (4 against 6)73
For your setup
Find out if BVNK fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where BVNK 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 settlement providerNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why BVNK ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (21.1 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 2 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
305+4.805.07#2/7Loading evidence…
256+4.805.06#1/7Loading evidence…
258+6.407.08#1/7Loading evidence…
208+5.126.09#2/7Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+2over Bridge.xyz, #2
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 80 and ranks #1–#2
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 BVNK’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.
Where the Platform's Float Legally Sits 5 → 4 on its ladder · Bridge.xyz passes it−180#1 → #2
Published Wholesale Price 6 → 4 on its ladder · Bridge.xyz passes it−279#1 → #3
Whose Licence the Platform Operates Under 8 → 6 on its ladder · Bridge.xyz passes it−279#1 → #3
Strengths
3 from the score dataWhere it leads
Best for readers who weight
- Published Wholesale Price — 6/10, the category best
- Whose Licence the Platform Operates Under — 8/10, the category best
- Settlement Finality and Failure Handling — 8/10, category best 9/10
Tradeoffs
1 from the score dataWhere it trails
Not for readers who put first
- Where the Platform's Float Legally Sits — 5/10 against a category best of 7/10
Record watch-outs
- The balance a platform sees in the BVNK portal after a conversion is not necessarily custodied money, and BVNK disclaims the counterparty risk behind it. The Order Execution Policy states: 'If your wallet or nominated account is credited with crypto-assets or funds prior to final settlement, those crypto-assets or funds are not custodied crypto-assets or funds until final settlement has occurred, as set out in the Client Agreement' and 'Where settlement does not occur due to circumstances beyond the reasonable control of BVNK, including as a result of any action or inaction of the Execution Partner(s), BVNK may use reasonable endeavours to reverse the transaction.' The MSA makes the legal character of that window explicit — such claims 'constitute unsecured contractual claims against BVNK' (Section D clause 3.4) — and then removes the recourse: 'BVNK shall have no liability whatsoever for any act, omission, failure, delay, error or insolvency of any BVNK Liquidity Partner' (clause 12.2.1.3), with total liability otherwise capped, per clause 12.3.1, at 'the Fees paid and payable by you to us in the twelve (12) month period prior to the date on which the relevant claim(s) arose'. So a platform running material float across conversions is taking unsecured exposure to execution partners it cannot see named, during a window BVNK's own marketing describes as fully protected. The second thing to know before signing: the 'Move money across 130+ countries' claim is stablecoin reach, not local-rail reach. The product page's own sub-claim is 'Pay into stablecoin wallet addresses globally. No need for local bank accounts', and the fiat currency table in the docs lists exactly three codes — USD, EUR, GBP — so the last mile in most of those countries is a stablecoin wallet address and the recipient, not BVNK, solves the off-ramp. The payouts page promises 'We automatically convert to USDC, USDT or EURC for the final payout', but the docs currencies reference splits by customer jurisdiction and the EEA tab lists no USDT at all — a platform contracting with the Maltese entity for EEA customers gets USDC, EURC and USDG only. Title verified 2026-08-13 against the contract itself: the answer DIFFERS by leg — read which entity and which asset class you are contracting for. "All Digital Assets we receive from you are held in pooled client asset wallets belonging to BVNK. As such, all Digital Assets received into Digital Asset Wallets belong to BVNK with BVNK only owing a corresponding liability to you for any Digital Assets received." (https://storage.pardot.com/1013952/1758622259wCNEN1Qi/BVNK_Master_Services_Agreement_Section_D_Service_Schedule_2_Digital_A.pdf) "All fiat funds we receive from you are held in omnibus accounts owned and controlled by BVNK. When fiat funds are deposited into a Fiat Virtual Account, BVNK holds such funds as custodian for your benefit, and you are the beneficial owner of such funds. Subject to the foregoing, you do not own or control the Fiat Virtual Account(s)." (https://storage.pardot.com/1013952/1758622259wCNEN1Qi/BVNK_Master_Services_Agreement_Section_D_Service_Schedule_2_Digital_A.pdf)
Competitive position
Where BVNK 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#1 / 714.0 of 20 · constant here
Published criteria#1 / 715.8 of 30 · pool best
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 BVNK leads
- Where the Platform's Float Legally Sits#2 / 7
- Published Wholesale Price#1 / 7
- Whose Licence the Platform Operates Under#1 / 7
- Settlement Finality and Failure Handling#2 / 7
Where it trailsNo criterion in the bottom third of its pool.
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.
Bridge.xyz#2 of 7 · score 78 · 2.0 points behind
BVNK leads on
- Published Wholesale Price6 vs 5
- Whose Licence the Platform Operates Under8 vs 7
Bridge.xyz leads on
- Settlement Finality and Failure Handling9 vs 8
Largest single reason BVNK is ahead: published criteria (+1.8 display points).Scenario cost: Bridge.xyz has no verified pricing for this scenario.
Circle Payments Network#3 of 7 · score 78 · 2.0 points behind
BVNK leads on
- Published Wholesale Price6 vs 5
- Whose Licence the Platform Operates Under8 vs 7
- Settlement Finality and Failure Handling8 vs 6
Circle Payments Network leads on
- Where the Platform's Float Legally Sits7 vs 5
Largest single reason BVNK is ahead: published criteria (+1.8 display points).Scenario cost: Circle Payments Network has no verified pricing for this scenario.
Zero Hash#4 of 7 · score 73 · 7.0 points behind
BVNK leads on
- Where the Platform's Float Legally Sits5 vs 4
- Published Wholesale Price6 vs 4
- Settlement Finality and Failure Handling8 vs 6
Zero Hash leads onNo scored criterion
Largest single reason BVNK is ahead: published criteria (+7.3 display points).Scenario cost: Zero Hash has no verified pricing for this scenario.
Against #2
80 vs 78 · gap 2.0Why BVNK ranks above Bridge.xyz
DimensionThisBridge.xyzGap share
Availability · 23% weight · constant here14.014.0same
Published criteria · 35% weight15.815.1+1.8, better
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight9.79.7same
Published criterionThisBridge.xyzPoints
Published Wholesale Price · w2565+0.80, better
Whose Licence the Platform Operates Under · w2587+0.80, better
Settlement Finality and Failure Handling · w2089−0.64, worse
Net8078+2.0
Your scenario
BVNK is not priced for this scenario
Percentage and fixed legs on each payment, for a year. Excludes chargebacks, FX markup and settlement fees priced separately. 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
Payments per month · your input500
Average payment · your input$100
Rate read from the provider’s published pricing ↗ on 28 September 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.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 7 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
7 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 28 September 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 #1 to #2 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 28 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Where the Platform's Float Legally Sitsstrength 5 · weight 30Report an error—28 September 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.Published Wholesale Pricestrength 6 · weight 25Report an error—28 September 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.Whose Licence the Platform Operates Understrength 8 · weight 25Report an error—28 September 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.Settlement Finality and Failure Handlingstrength 8 · weight 20Report an error—28 September 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
- Custody failure (BVNK 5/10): whoever holds the assets loses or withholds them.Scored by Where the Platform's Float Legally Sits · 30%
- Regulatory failure (BVNK 8/10): no licence where you are, or a forced market exit.Scored by Whose Licence the Platform Operates Under · 25%
- Execution failure (BVNK 8/10): you get a worse price, later, or nothing.Scored by Settlement Finality and Failure Handling · 20%
Not assessed by this ranking: Control failure, Liveness 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: Published Wholesale Price (25%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- No forward-looking wholesale price is published; one backward-looking rate disclosure is. (A) THE FEE-TYPE SURFACE. BVNK's MiCA Pricing Policy at https://
www .bvnk .com /eu /pricing-policy (fetched 28 September 2026, HTTP 200; the former /mt-mt/ path now 301-redirects here) names fee types without figures. Verbatim on that page: "BVNK provides wallet services for the custody of your crypto-assets at no cost." and internal transfers "are also provided free of charge." On conversion: "When you buy, sell, or convert crypto-assets, the fees are included in the "Conversion All-in Exchange Rate".", made up of a "BVNK Rate" ("A stable, blended rate we source from global and regional exchanges, market makers, and OTC desks") and a "Commercial Fee" ("A pre-agreed percentage and/or fixed amount added to the BVNK Rate, as agreed with you."). On payments: "For sending or receiving crypto-assets to or from an external wallet (outside the BVNK platform), we will charge a percentage and/or fixed fee. These fees may be tiered, meaning higher volumes can result in lower rates." Standing charges are named but unquantified: "Onboarding Fee", "Monthly Platform Fee" and "Minimum Monthly Commitment (MMC) Fee". The page carves the fiat leg out: "It does not cover fees related to our fiat (e-money) account or related payment services." (B) BACKWARD-LOOKING REALISED RATES. BVNK's MiCA post-trade table at https:// www .bvnk .com /eu /historic-transactions (HTTP 200) loads its rows from https:// layer1-nine .vercel .app /api /exchange (fetched 28 September 2026, HTTP 200, "source": "BVNK MICA Conversion Data", 60 pairs, every one dated 27 September 2026 and attributed to "System Pay Services (Malta)"). Worked arithmetic from that feed (our calculation, not a BVNK figure): USD to USDC 1.0000102071078119 and USDC to USD 0.999549003949991 = about 4.4 bps round trip; USD to USDT 0.9965791706957736 and USDT to USD 0.999453566993373 = about 39.7 bps; EUR to USDC 1.1382780760928224 and USDC to EUR 0.8728328648314118 = about 64.7 bps. These are one-day averages of realised conversions across all clients, each paying a separately negotiated Commercial Fee, on volumes as thin as EUR 889.42 (EUR to USDC) and EUR 7,559.20 (USD to USDC); they move sharply from day to day (the August 2026 read of the same feed implied much lower USD/USDT and EUR/USDC round trips) and are not an offer. (C) STILL NO FIGURE FOR the per-payout fee, the onboarding fee, the monthly platform fee, the MMC, any tier threshold, or any fiat rail (ACH, FedWire, FedNow, RTP, SEPA, Faster Payments, SWIFT). https:// www .bvnk .com /pricing returns HTTP 404 (28 September 2026). The Master Service Agreement at https:// agreements .bvnk .com /Client _Master _Agreement .pdf (HTTP 200, "Version 1/Feb 26") still defers every number to "Section E (Commercial Terms)", which is not in the public PDF.BVNK — official page at www.bvnk.com ↗ · 28 September 2026 - Prices published in
- USDBVNK — official page at www.bvnk.com ↗ · 28 September 2026
- Licences held
- United Kingdom: Registration / authorisation, European Union: Registration / authorisation, United States: Registration / authorisation
- Compliance level
- full
- Regulatory note
- Read from the BVNK Help Centre licence register (article 11094354781074, retrieved via the open Zendesk API on 13 August 2026; the API reports updated_at and edited_at of 2026-07-29T11:53:20Z, created_at 2023-04-20T10:01:07Z) plus the site footer. Every quotation below was re-confirmed character-exact against the Zendesk article body on 13 August 2026.
- Supported chains
- Ethereum (USDC always; EURC always; USDT and PYUSD only outside the EEA), Solana (USDC, USDG always; PYUSD US-tab only), Polygon (USDC always; USDT only outside the EEA), Tron (USDT only, and only outside the EEA), BNB Smart Chain (USDC always; USDT only outside the EEA), Base (USDC), Arbitrum (USDC), Non-stablecoin also settleable: Bitcoin, Litecoin, XRP, ETH, BNB, POL, TRX, SOL, Fiat legs limited to USD, EUR and GBP only, USDT and PYUSD are not supported everywhere: https://
docs .bvnk .com /bvnk /references /currencies (HTTP 200, 'Last updated on 28 July 2026') splits the table into EEA / RoW / US / Sandbox tabs and states 'The available cryptocurrencies depend on the specific jurisdiction.' The EEA tab lists NO USDT and NO PYUSD at all — only EURC, USDC on six chains and USDG. That matters because the marketing page promises 'We automatically convert to USDC, USDT or EURC for the final payout' while the contracting entity is Maltese. - Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- Not published
No confirmed legal entity is on file for this record. Nothing is inferred from the brand name.
If something goes wrong with BVNK: where to complain, and where to report a scam
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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.
9 methodology entries
- 28 September 2026Current verified snapshot · methodology 2026.10.18Score 80, #1 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
2026.10.6A 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.
- 16 September 2026
2026.09.15Dimension scores carry tenths, and eleven more categories are re-read from primary sources · platform-wide- changed Dimension scores resolve to tenths of a point (O-04b), and weightedTotal is rounded to six decimal places before the order is read. 518 published scores move across 107 categories that were not re-read; none of them moves by more than 4 points, and most move by 1.
- fixed 66 published scores change in the eleven re-read categories, against a verbatim source each. The largest moves are Reflexer RAI (−16), Beefy and Unrekt (−11), Aztec (−10) and Golem (+9) — all of them rows whose sources had moved since their last read.
- changed Published order moves in 38 of 119 categories and three #1s change: smart_contract_audits (Zellic → Certora) and travel_rule_compliance (Sumsub Travel Rule → CodeVASP) on the finer resolution, kyc_compliance (Veriff → Sumsub) on the re-read.
- added availabilitySource (O-04g): for a reader who states a country, a row whose availability in that country rests on a region tag its record gives no source for sorts below every sourced row. It is inert in every order published here, which states no country.
Methodology 2026.10.18, the same published run every visitor sees · receipt stablecoin_settlement:bvnk:2026.10.18:b07adeeb0de1
Are you BVNK? 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.