CryptoCompare Partners With Transak to Let Users Buy Crypto From Its Platform

CryptoCompare, the global leader in digital asset data, has partnered with ConsenSys-backed startup Transak to let its millions of monthly users buy cryptocurrencies directly from its platform.

According to a press release shared with CryptoGlobe, the partnership will see CryptoCompare add a Transak widget to its cryptocurrency listings pages, allowing users to buy hundreds of different cryptocurrencies using a bank transfer or a credit card, in a “transparent, cost-effective manner.”

The document details CryptoCompare will now display a “buy” button on its cryptocurrency pages, next to buttons providing information on where to store, trade, and stake cryptoassets. Clicking the button will lead users to a page where they select how much they want to buy, and to which address they want to send the funds to.

The transaction is reportedly settled without taking custody of the user’s data or funds, which means users pay the transaction fee for the funds to be sent to their address, along with a 0.5% fee.  The partnership will, however, launch with a limited time 0% fee offering for its users.

CryptoCompare noted in the press release that using its wallet listings, users can choose a wallet to store their cryptoassets based on various factors, including anonymity provided, platforms support, and community reviews.

As CryptoGlobe reported, the firm launched earlier this year a real-time market data streaming product that can be accessed via a WebSocket connection. The product offers trade, ticker, volume, and level 2 orderbook data, along with OHLC candles and a subscription to the CryptoCompare Aggregate Index (CCAGGG).

Other firms have also added similar cryptocurrency purchasing options over the last few months. The Opera browser, for example, launched cryptocurrency wallet top-ups in March in a partnership with Wyre.

Featured image via CryptoCompare.