Lumo Wallet × Transak: Seamless Crypto On & Off Ramps

One of the biggest friction points in crypto isn't storing it or spending it — it's getting in and out. Converting your pounds, dollars, or euros into crypto (and back again) has historically required exchange accounts, KYC delays, and clunky bank transfers. Lumo Wallet's Transak integration removes that friction entirely — letting you move between fiat and crypto in both directions, directly inside your non-custodial wallet.

What Is Transak?

Transak is a global fiat-to-crypto on-ramp and crypto-to-fiat off-ramp infrastructure provider. Licensed across multiple jurisdictions and integrated by hundreds of leading web3 wallets and applications, Transak specialises in making the boundary between traditional finance and crypto as smooth as possible.

Where many providers only offer one direction (buy crypto), Transak handles both — meaning users can also convert crypto back to fiat and withdraw to their bank account, all within the same flow.

On-Ramp: Buy Crypto with Fiat

Buying crypto via Transak inside Lumo Wallet is straightforward:

1. Tap "Buy" in Lumo Wallet and select Transak as your provider.
2. Enter the fiat amount you want to spend (GBP, USD, EUR, and 50+ other currencies).
3. Select your cryptocurrency — BTC, ETH, TRX, XRP, or other supported assets.
4. Choose your payment method — card, bank transfer, SEPA, Faster Payments, or local methods.
5. Transak processes the purchase and delivers crypto directly to your Lumo Wallet address.

Off-Ramp: Sell Crypto for Fiat

Cashing out is equally simple:

1. Tap "Sell" in Lumo Wallet and select Transak.
2. Enter the crypto amount you want to sell.
3. Enter your bank account or card details to receive the fiat.
4. Confirm and broadcast — Transak handles the conversion and bank transfer.

Fiat arrives in your bank account within the standard settlement window for your payment method (often same-day to 1–3 business days depending on region).

Why Transak?

• 150+ countries — one of the most globally complete coverage maps in the on/off ramp space
• Both directions — on-ramp and off-ramp in a single integration
• 50+ fiat currencies — broad currency support for international Lumo users
• Multiple payment methods — card, bank, SEPA, Faster Payments, and local options
• Fully licensed — compliant and regulated across its operating regions
• Trusted by industry leaders — used by Metamask, Ledger, and hundreds of web3 apps

Three On-Ramp Partners: More Choice, Better Rates

Lumo gives users access to three on-ramp providers — MoonPay, Transak, and Guardian. At purchase time, you can compare rates across all three and select the best option for your situation. Competition between providers means better prices for Lumo users.

Frequently Asked Questions