Alchemy Pay
Overview
Alchemy Pay is a fiat payment gateway that enables users to buy and sell cryptocurrency using a wide range of payment methods, including bank cards, bank transfers, mobile wallets, and local payment solutions.
Within Koinbay, Alchemy Pay can be used through the Buy & Sell with Card area, offering users an additional way to access crypto using fiat payment methods that vary depending on their country, currency, and verification status.
Alchemy Pay supports a broad international footprint, with coverage across more than 170 countries and a large number of payment channels. The exact methods and corridors available to each user depend on location, fiat currency, payment route, and compliance requirements.
Main Features
Alchemy Pay supports:
Fiat-to-crypto purchases
Crypto-to-fiat off-ramp flows
Card payments
Bank transfers
Mobile wallets
Local payment rails
Region-based routing and payment method display
Payment Methods
Alchemy Pay supports a combination of global and regional payment methods.
Global card networks
Bank Cards
Visa, Mastercard, JCB, UnionPay
Bank transfer methods
Domestic Transfers
Local bank transfers
Cross-border Transfers
International bank transfers
Instant Banking
Real-time or fast transfer methods where supported
Local and regional payment methods
Indonesia
OVO, Dana, Virtual Accounts
Vietnam
Bank Transfer, Wire Transfer, MOMO, ZTpay
Thailand
QR Code payments
Brazil
PIX
Mexico
SPEI
UAE
Local banking rails
Additional infrastructure
Mobile Wallets
Available in selected countries
QR Payments
Available in selected countries
Domestic Rails
Country-specific local transfer systems
Important note
Payment methods are not static. What a user sees depends on:
country
fiat currency
selected crypto asset
regulatory and compliance conditions
Geographic Coverage
Alchemy Pay provides broad international coverage.
Coverage summary
Countries Supported
170+
Payment Channels
300+
Main Regions
Europe, Americas, Asia, Middle East, selected emerging markets
How availability is determined
The methods displayed to a user are based on:
the country they are accessing from
the fiat currency they select
the crypto asset they want to buy or sell
compliance rules for the specific market
On-Ramp
The on-ramp flow allows users to purchase crypto using fiat.
On-ramp capabilities
Fiat to Crypto
Supported
Cards
Supported
Bank Transfers
Supported
Local Payment Methods
Supported where available
Dynamic Routing
Yes
On-ramp logic
Alchemy Pay dynamically determines which payment methods are available for each user based on:
country
fiat currency
payment corridor
This means that two users in different countries may see completely different payment options even when purchasing the same crypto asset.
Off-Ramp
The off-ramp flow allows users to convert crypto into fiat.
Off-Ramp capabilities
Crypto to fiat
Supported
Local Currency Settlement
Supported in eligible corridors
Bank Account Payouts
Supported in eligible markets
Regional Payout Methods
Supported depending on country
Off-Ramp note
Availability of off-ramp services depends on:
jurisdiction
local payment rails
asset support
compliance status
Fiat Rails
Alchemy Pay uses multiple fiat rails depending on region and method.
Fiat rails supported
Card Rails
Visa, Mastercard, JCB, UnionPay
Bank Rails
Local and international bank transfers
Instant Payment Rails
Available in selected markets
Wallet Rails
Mobile wallet integrations
Domestic Payment Rails
Country-specific local settlement systems
These rails determine how funds move between the user and the payment provider.
Supported Fiat Currencies
Alchemy Pay supports a wide range of fiat currencies. The exact list available to each user depends on the country and corridor.
Common supported fiat currencies
USD, EUR, GBP, AED, AUD, CAD, BRL, MXN, JPY, KRW, IDR, VND, THB, PLN, SEK, CHF, DKK, NOK, RON, BGN, MYR, NZD, KZT, MDL, TWD, HRK, MKD
Supported Crypto Assets and Chains
Alchemy Pay supports a range of crypto assets and multi-chain stablecoin routes.
Commonly supported crypto assets
BTC, ETH, BNB, SOL, TON, DOGE
Stablecoin and chain coverage
USDT
TRON, Ethereum, BNB Smart Chain, Solana, TON, Polygon, Arbitrum
USDC
Ethereum, BNB Smart Chain, TRON, Solana, Polygon, Arbitrum
Supported blockchain environments
Ethereum
BNB Smart Chain
TRON
Solana
TON
Polygon
Arbitrum
Important note
Crypto and chain availability is dynamic and may depend on:
local compliance
fiat corridor
asset support status
current payment route configuration
Transaction Limits
Transaction limits depend on:
payment method
country
fiat currency
crypto asset
Important note
Transaction thresholds are not universal. They are determined dynamically by the route and user profile.
Sanction, High-Risk, and Restricted Jurisdictions
Alchemy Pay applies restrictions to certain jurisdictions.
High-risk jurisdictions
Afghanistan, Algeria, Angola, Bolivia, Cameroon, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, Vietnam, Bulgaria, United Arab Emirates, Kuwait
Prohibited jurisdictions
American Samoa, Belarus, Burundi, Central African Republic, North Korea, Fiji, Guam, Guatemala, Guinea, Guinea-Bissau, Iran, Iraq, Libya, Myanmar, Nicaragua, Palau, Panama, Russia, Samoa, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, certain regions of Ukraine, Vanuatu, Venezuela, Zimbabwe, United States Virgin Islands, Democratic Republic of Congo, Haiti, Anguilla, Yemen, Turks and Caicos Islands
Compliance note
Merchants or users associated with prohibited or high-risk jurisdictions may face onboarding denial, payment restrictions, or reduced service availability.
Unsupported Card BIN Countries
Certain card BIN jurisdictions are not supported.
Unsupported card BIN list
Afghanistan
Bangladesh
Burundi
China
Cuba
Eritrea
Iraq
Iran
North Korea
Libya
Morocco
Myanmar
Sudan
Somalia
South Sudan
Syria
Venezuela
Yemen
Zimbabwe
How to Use Alchemy Pay on Koinbay
Steps
Go to Buy & Sell with Card
Select Alchemy Pay
Choose the fiat currency you want to use
Select the crypto asset you want to buy
Review the payment methods available for your region
Confirm the payment and follow the checkout flow
Notes for Koinbay Users
Payment options depend on the user’s location
Fiat and crypto availability are dynamic
The final availability shown during checkout is the authoritative one
Users should always confirm the selected network and payment method before completing a transaction
Support
When to contact Alchemy Pay
Contact Alchemy Pay for:
Alchemy Pay payment failures
Alchemy Pay payment method availability issues
Alchemy Pay bank transfer or payout questions
Alchemy Pay checkout errors related to the provider
When to contact Koinbay
Contact Koinbay for:
Navigation within the Koinbay platform
Access to the Buy & Sell with Card section in the Koinbay platform
Koinbay account-related platform issues
General service guidance related to Koinbay platform
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