Mercuryo is one of the leading fiat gateways for cryptocurrency. It’s used by over 200 leading companies and crypto exchanges, supports customers from over 130 countries, and features over 10 payment methods for its 30+ listed digital assets.
Company launched in 2018, and had over seven million customers since. Users can use Mercuryo to on-ramp their local currency, or off-ramp through Mastercard card, also compatible with Apple Pay and Google Pay.
Buying Crypto With Mercuryo – Payment Methods
For deposits, Mercuryo accepts Visa, Mastercard, Maestro, Apple Pay, Google Pay, Revolut, and bank transfers.
| Payment Method | Deposit |
|---|---|
| Visa | ✅ |
| Mastercard | ✅ |
| Maestro | ✅ |
| Apple Pay | ✅ |
| Google Pay | ✅ |
| SEPA Bank Transfer | ✅ |
| Revolut Pay | ✅ |
| PIX (Brazil) | ✅ |
| Virtual Account (VA): BNI, BRI (Indonesia) | ✅ |
| E-Wallet: QRIS, OVO (Indonesia) | ✅ |
SEPA bank transfers are only available in Germany, Netherlands, Portugal, Ireland, United Kingdom, Spain, France, Austria, Poland, Latvia, Belgium, Hungary, Lithuania, and Romania. Aside from users in Brazil or Indonesia, wire transfers will not be possible for customers from other countries.
Minimum purchase amount is €25, or equivalent value in other currencies. Mercuryo doesn’t charge any flat fees, but blockchain transactions can cost a flat fee regardless of amount. For this reason, buying the smallest possible amount isn’t always the best option.
Fees
All crypto purchases on Mercuryo have a fee up to maximum 3.95%. The fees can be cheaper depending on location, payment method, and blockchain congestion.
For selling crypto, Mercuryo will charge you also 3.95%, with a minimum of $4 or €4. To verify accuracy, you can visit the Fees page on Mercuryo’s help center.
Unlike some other fiat gateways, Mercuryo didn’t have any hidden or strange costs or spreads for us. We paid the ~4% fee as advertised, 1% spread, minus a ~$1 to process the blockchain transaction. In total, you can expect a 5% fee at most. Additional fees may be levied by your chosen exchange, but these are typically no more than 1%.
For cheapest possible fiat on-ramp option you can always explore exchanges with direct bank deposits such as Binance, OKX, Bybit, Gate.io, CEX.IO, Bitget, or KuCoin. If you need the speed and convenience where fees don’t matter, Mercuryo can be one of the cheaper fiat gateways.
Top exchanges for first Bitcoin purchases:
Supported fiat currencies
You can buy crypto via Mercuryo with the following fiat currencies:
Euro (EUR), US Dollar (USD), British Pound (GBP), Turkish Lira (TRY), Japanese Yen (JPY), Brazilian Real (BRL), Vietnamese Dong (VND), Mexican Peso (MXN), South Korean Won (KRW), Polish Zloty (PLN), Swedish Krona (SEK), Swiss Franc (CHF), Canadian Dollar (CAD), Czech Koruna (CZK), Danish Krone (DKK), Bulgarian Lev (BGN), Hong Kong Dollar (HKD), Australian Dollar (AUD), Ghanaian Cedi (GHS), New Taiwan Dollar (TWD), Hungarian Forint (HUF), Romanian Leu (RON), Israeli New Shekel (ILS), Kazakhstani Tenge (KZT), Icelandic Krona (ISK), New Zealand Dollar (NZD), Qatari Riyal (QAR), Thai Baht (THB), Uruguayan Peso (UYU), Colombian Peso (COP), Dominican Peso (DOP), Jordanian Dinar (JOD), Sri Lankan Rupee (LKR), Peruvian Nuevo Sol (PEN).
When selling crypto for fiat, you can only use EUR and USD. The list of currencies is also available on their website.
Supported cryptocurrencies
A full list of supported digital tokens can be found on Mercuryo website. You can use fiat to directly buy Bitcoin, Ethereum, Tether (USDT), and USD Coin (USDC), but also many other cryptos such as Solana, Avalanche, Polygon, Cardano, Stellar, Ripple, Litecoin, Dogecoin, and more. In total, there are just over 40 assets available.
USDT and USDC stablecoins are also available via multiple layer 2 networks to ensure cheapest fees.
When using Mercuryo on a partnered centralized exchange such as Gate, you can just choose to buy most of their 2200+ cryptocurrencies listed. The list of 40+ assets is only if you’re buying directly on Mercuryo website.
Cashing Out
The only way to cash out via Mercuryo is through their “Spend” virtual Mastercard. You can deposit money from your wallet to the Spend card without fees, and spend your USD or EUR seamlessly at millions of merchants wherever Mastercard is accepted.
The Spend card is compatible with Apple Pay and Google Pay services, so you can shop with additional confidence and security.
Restricted Countries
Mercuryo can be used in over 130 countries in the world. For simplicity (and a shorter list), here is a list of restricted countries:
Abkhazia, Afghanistan, Angola, Antarctica, Eland Islands, Barbados, Bangladesh, Burundi, Bolivia, Democratic Republic of the Congo, Central African Republic, Congo, China, Colombia, Costa Rica, Cuba, Algeria, Ecuador, French Guiana, Guatemala, Guinea-Bissau, Honduras, Haiti, Iraq, Iran, Iceland, Kyrgyzstan, Cambodia, North Korea, Lebanon, Liberia, Libya, Morocco, Mali, Myanmar, Nicaragua, Nepal, South Ossetia, Panama, Peru, French Polynesia, Papua New Guinea, Pakistan, Palestine, Saudi Arabia, Sudan, Sierra Leone, Russian Federation, Somalia, South Sudan, Syria, Tunisia, Venezuela, Yemen, Zimbabwe.
Customers from United States, United Kingdom, Australia, Canada and Europe can use Mercuryo without issues. Other major supported markets include Nigeria, India, Singapore, Japan, and South Korea.
All these countries can buy through Mercuryo without restrictions. However, depending on user location, some payment options may be unavailable. For example, bank transfers through PIX will only be available to users from Brazil. As mentioned further above, SEPA bank transfers are also not available in all countries.
Identity verification
Same as every other fiat gateway service, Mercuryo has mandatory identity verification. You will need to provide identity documents to verify your account before your first purchase.
Once verified, there are still certain limits to how much you can buy per day or month:
| Buying | Selling | |
|---|---|---|
| Maximum transaction amount | €15,000 | €10,000 |
| Daily Limit | €30,000 | €30,000 |
| Monthly limit | €100,000 | €50,000 |
Is Mercuryo Safe?
Mercuryo has been operational since 2018, and has hundreds of clients. Their partners include some of the world’s biggest crypto exchanges, wallets, and web3 companies. Mercuryo is registered, licensed and has offices in Canada, Croatia, Italy, Spain, and United Kingdom.
The service is being used by Binance, OKX, BingX, HTX, Gate.io, Bitget, Bybit, WhiteBIT, Phemex, CoinW, MEXC, and many more centralized exchanges. It’s also integrated in Metamask, Trust Wallet, Trezor, Ledger, PancakeSwap, and many other services and apps.
The biggest fintech companies are trusting Mercuryo, so there’s no reason why you shouldn’t.
Final Thoughts – Is Mercuryo Good For Buying Crypto?
Compared with exchanges that support direct bank transfer or card payments, Mercuryo is more expensive in terms of fees. However, it’s a cheaper fiat gateway compared to most competitors, with fairly transparent and easy to understand fees.
Mercuryo is a viable option when you need to on-ramp crypto through wire transfers, cards, or mobile payment apps.
