Moonpay

Moonpay is a service provider specifically dedicated to crypto currency transactions. It operates in 160 countries and on over 250 sites, apps and infrastructure as an easy cryptocurrency buying ramp.

The company ensures fast and secure exchanges. Buying cryptocurrencies with Moonpay takes a few minutes, although it can stretch to an hour.

Moonpay Casinos

Features of Moonpay

As you can see, Moonpay is not an electronic wallet like Skrill. So, what is it really?

• Uses of Moonpay

It allows you to exchange fiat currencies into cryptocurrency, and vice versa. It should be linked to bank accounts and cards (but also to payment methods like Google Pay or Apple Pay). However, it is not a wallet. It simply handles the transactions so that you can get cryptocurrencies. To access it, you need to have an account.

• Cryptocurrency

Moonpay allows transactions on more than fifty cryptocurrencies such as 0x (ZRX), Binance Coin (BNB), Celo Dollar (CUSD), Dash (DASH), Ethereum (ETH), Nano (NANO) or even TRON (TRX). Obviously, the most common cryptocurrencies are present.

• Fees

As with all payment solutions, there are costs associated with the use of Moonpay. Buying cryptocurrency requires paying 4.5% of the amount if the purchase is made with a payment card, but drops to 1% for a bank transfer. Selling cryptocurrency requires a 1% outlay. Other additional fees may be added, especially on certain cryptocurrencies. The total charges are generally disclosed at the time of any transaction. Generally speaking, a bank transfer is always cheaper.

• Restrictions

Moonpay operates in France and in all its territories. Unfortunately, Moonpay’s services are not available in some parts of Europe such as Ireland or Albania, as well as in some countries in South America, Central America, Africa, the Middle East and Asia.

• Privacy

Despite the opaque and anonymous image of cryptocurrencies, using Moonpay’s services requires providing supporting documents like a passport or driver’s license. Some operations require in addition to providing bank details (selling cryptocurrencies).

How to buy and sell cryptocurrencies with Moonpay

The service does not yet have an application. To buy with Moonpay, you have to go directly to buy.moopay.com and log in to your account. All you’ll need to do is choose the cryptocurrency you want to buy, then enter the address of a wallet capable of storing the chosen currency. All that remains is to confirm the purchase.

To sell, you need to go to sell.moopay.com, then select the cryptocurrency you want to sell. The value of the cryptocurrency, as well as the amount of money one will be able to get is displayed. You will also need to provide the address of a wallet from which to withdraw change. Once the sale is confirmed, Moonpay will provide an address (via link or QR Code) where to send your cryptocurrencies for sale.

The sum obtained from the sale is transferred to the bank accounts you have indicated.

How to spend with Moonpay

Since Moonpay is used to acquire or offload cryptocurrency, the only asset that will be associated with Moonpay is cryptocurrency. You can use a Moonpay account to buy about fifty virtual currencies very easily. Moonpay can also be used on exchange sites when buying and selling currencies. These include Bithumb and Binance. It then sends it to your crypto wallet. Once this is stored in a ZenGo wallet, it can be used to consume from merchants that accept cryptocurrencies.

In short, Moonpay is an intermediary (or provider) that makes it very easy to buy or sell cryptocurrency.