Banxa
Fiat on-ramp and off-ramp infrastructure that exchanges and wallets embed to let users buy and sell crypto.
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Banxa key facts
| Category | Fiat on-ramp |
|---|---|
| Platforms | Web, API |
| Custody | Non-custodial |
| Fees | EU: cards and Apple Pay 1.99% processing fee, other methods 0%, plus typical 2% to 4% spread |
| US availability | Available via BNXA USA MTL Inc., FinCEN MSB with state money transmitter licenses |
What is Banxa?
Banxa is a fiat-to-crypto payment provider that partners embed for buying and selling crypto. In the US it operates as BNXA USA MTL Inc., a FinCEN-registered MSB (NMLS ID 2347615) with state money transmitter licenses. Its EU pricing page lists a 1.99% processing fee for cards and Apple Pay plus a typical 2% to 4% spread.
How Banxa works
When you buy through a wallet or exchange that embeds Banxa, you submit a purchase order with a nominated wallet address and a nominated payment account.
Banxa collects the fiat, buys the crypto and sends it to that address. Its terms state Banxa does not provide wallets, host wallets or hold fiat or crypto for you. Sales work in reverse: you send crypto and Banxa pays the fiat to your nominated account.
The contracting entity depends on country and payment rail. For US customers, the terms list EU Internet Ventures B.V. for ACH and card orders, Global Internet Ventures Pty Ltd for wires, and BNXA USA MTL Inc. in Reno, Nevada, when it is named on your invoice.
How to start with Banxa
- You start from a partner app, such as a wallet, that offers Banxa as its buy option, and pass identity verification under Banxa's AML checks.
- You need your own wallet address for the asset you buy.
- In the US, BNXA USA MTL Inc. is a FinCEN-registered MSB (NMLS ID 2347615) whose license list, dated September 9, 2026, covers states including Alabama, Arizona, Florida, Illinois, Maryland and Michigan.
- Banxa can refuse service or impose value and volume limits at its discretion.
Banxa fees and limits
- Banxa's published pricing for EU Internet Ventures B.V. charges a 1.99% processing fee on card and Apple Pay buys and 0% on other methods, with sells to SEPA free of processing fees.
- On top sits a spread: typically 2% to 4% (maximum 15% on buys, 10% on sells), a partner spread of typically 0% to 1% (maximum 10%), and a recovery spread up to 5 euros.
A network fee is added on buys.
Risks to know before using Banxa
- Executed or completed orders cannot be cancelled or reversed, and Banxa does not refund them; third-party bank fees may be non-refundable even on cancelled orders.
- Some state licenses do not cover virtual currency: Banxa's own disclosures say its Tennessee and Virginia licenses do not cover virtual currency transmission.
- Crypto bought is not FDIC-insured, and a wrong wallet address sends funds beyond Banxa's reach.
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Where Banxa ranks on DappAtlas
Listed next to Banxa
Banxa pros and cons
- US state money transmitter licenses listed in a public document
- 0% processing fee on non-card payment methods (EU pricing)
- Sells to SEPA carry no processing fee (EU pricing)
- Spread can reach 15% on buys, on top of fees (EU pricing)
- Card and Apple Pay buys carry a 1.99% processing fee (EU pricing)
- Partners can add their own spread of up to 10%
Banxa FAQ
What is Banxa?
Banxa is a fiat-to-crypto payment provider that partners embed for buying and selling crypto. In the US it operates as BNXA USA MTL Inc., a FinCEN-registered MSB (NMLS ID 2347615) with state money transmitter licenses. Its EU pricing page lists a 1.99% processing fee for cards and Apple Pay plus a typical 2% to 4% spread.
How much does Banxa cost?
EU: cards and Apple Pay 1.99% processing fee, other methods 0%, plus typical 2% to 4% spread, according to Banxa’s own page (checked Sep 26, 2026).
Is Banxa available in the US?
Available via BNXA USA MTL Inc., FinCEN MSB with state money transmitter licenses, according to Banxa’s own page (checked Sep 26, 2026).
Does Banxa hold my funds?
No. Banxa is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Banxa: official site, Banxa: How EUIV sets the price of cryptocurrency, Banxa: USA licenses. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.