Moonpay is a service that allows you to pay for goods and services with Bitcoin and other cryptocurrencies. It’s a convenient way to use your cryptocurrencies, and it’s also secure because all transactions are processed through the blockchain. Let’s get started on how to use moonpay.
What Is Moonpay?
Moonpay is a mobile payment solution that offers fast, easy, and secure payments for customers. With Moonpay, merchants can accept payments from anywhere in the world and quickly process transactions. Customers can use Moonpay to make purchases at participating merchants, and the app offers a safe and secure payment experience.
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How Moonpay Works
Online exchange services give the cryptocurrency, and MoonPay integrates to complete the credit card payment procedure. As a result, MoonPay is in charge of risk analysis, payment processing with the credit card company, and transaction completion.
How to Use Moonpay on OpenSea
Moonpay is a payment platform that allows users to make payments and transfers between different currencies, including Bitcoin and Ethereum. It’s easy to use and can be integrated with a variety of websites and apps. Here’s how to get started:
1) Create an account with Moonpay: First, you’ll need to create an account with Moonpay. Once you have an account, you’ll be able to make payments in minutes.
2) Add your bank details: Next, add your bank details so that payments can be made directly from your bank account. This is optional but recommended as it makes transactions faster and more secure.
How to use Moonpay to buy Bitcoin
- Visit buy.moonpay.com or one of our partner wallet applications
- choose a cryptocurrency from the drop-down menu
- Enter the amount you want to spend in your local currency (e.g. New Zealand Dollar).
- Enter a wallet address that is appropriate for the cryptocurrency you’re buying and that only you have access to.
What Moonpay Is Used For?
MoonPay allows users to trade cryptocurrencies for fiat or government-issued currencies using popular payment methods such as Apple Pay and Google Pay and debit and credit cards. One of the first customers was Bitcoin.com.
How to Use Moonpay on Trust Wallet
This blog post is for you if you want to learn how to use moonpay on trust wallet. We’ll show you how it’s done, and this article will show you how to use Moonpay on your Trust Wallet.
And also highlight some of the benefits of using moonpay with your trust wallet.
Step 1: Download Trust Wallet from the App Store or Google Play Store.
Step 2: Create a new account and enter your email address and password.
Step 3: Select “Send” in the top right corner and select “Moonpay.” Enter your account ID number (the one that starts with ‘M’), and fill out all required fields such as destination address, amount, etc.
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How to Pay With Moonpay
Add Moon to your browser’s bookmarks. It only takes two clicks to install the browser extension.
Make a Virtual Card purchase. Cards can be purchased using a Coinbase account or a Lightning wallet, and the cryptocurrency is exchanged for US dollars.
Pay. The cards are instantly available for use. Pay with virtual cards everywhere. In the United States, Visa cards are accepted.
Moonpay Fees You Should Know
The MoonPay price is 2.75 percent per transaction, with a minimum fee of $/£3.99. Please note that MoonPay always displays the fees before you sell your Bitcoins, so you always know how much you’ll pay and how much selling your Bitcoins will cost you.
How to withdraw money from MoonPay
Be aware that MoonPay does not hold your cryptocurrency on its own. The only cryptocurrency-related functions that the technology supports are buying and selling, and dealing with the wallet whose public address you provide during a transaction. Additionally, keep in mind that not all regions may yet support the “selling cryptocurrency” feature.
Step 1: Visit https://sell.MoonPay.com
Step 2: Choose the cryptocurrency you want to sell from the drop-down menu.
Step 3: Enter the price of the cryptocurrency you want to sell . You will see an estimate of how much you will get in fiat currency as you type the number.
Step 4: Subsequently, enter the wallet address to which the cryptocurrency refund must be sent in the unlikely event that the transaction could not be completed. Keep in mind that you must enter the cryptocurrency wallet’s public key. Additionally, the wallet needs to work with the cryptocurrency you want to sell.
Step 5: You must create a MoonPay account in the following step. If you already have an account, just type the email address associated with it.
Step 6: Subsequently, you will be prompted to confirm your identity (in case you have not completed your KYC yet). You must supply your full name, phone number, residential address, and a legitimate form of identification during the identity verification process.
Step 7: You will be prompted to enter your bank account information after your identity has been successfully verified. The money will be transferred to this account.
Step 8: After you’ve finished the procedure, MoonPay will give you a wallet address and QR code to which you must send the cryptocurrency you’re selling. Once you’ve done that, MoonPay will transfer the appropriate sum in fiat money to your bank account.
How to Verify your Payment on MoonPay
You must enter your information and upload documents when you place an order at buy.moonpay.com. Once they have confirmed your identity and determined that you have complied with the following requirements, we will approve your transaction.
- I.D. proof
We require knowledge of your legal first name and legal last name in order to grant you access to our services. The following types of government-issued identification documents with photos can be sent to us:
- worldwide passport (currently not supported for US customers)
- a national ID card (both sides)
- a driving permit (both sides)
- Other forms of identification cannot be used.
Please be aware that both your photos and the actual document must adhere to the following standards:
- High-resolution images are available.
- Pictures come in color.
- Original images are posted (no screenshots or graphic editing software)
- The document is readable (no flash or blurriness)
- The document’s four corners are clearly discernible.
- It bears your signature.
- Not physically harmed document
- Document has at least a 30-day shelf life.
- Latin characters appear in the document (documents in Arabic, Hebrew or Japanese without English translation are not accepted)
Additionally, we’ll ask you to take a selfie or a 3D Liveness Check, both of which require camera access.
List of wallets used by Moonpay
Moonpay offers a variety of wallets to its users.
- 0x – ZRX
- Aave – AAVE
- Algorand – ALGO
- ApeCoin – APE
- Avalanche (C-Chain) – AVAX
- Axie Infinity – AXS
- Basic Attention Token – BAT
- Binance Coin (BEP-2) – BNB
- Binance Coin (BEP-20) – BNB
- Binance USD (BEP-2) – BUSD
- Binance USD (BEP-20) – BUSD
- Bitcoin – BTC
- Bitcoin Cash – BCH
- Cardano – ADA
- Celo – CELO
- Celo Dollar – CUSD
- Chainlink – LINK
- Chiliz – CHZ
- Compound – COMP
- Cosmos – ATOM
- Dai – DAI
- Dai (zkSync) – DAI
- Decentraland – MANA
- DigiByte – DGB
- Dogecoin – DOGE
- Elrond eGold – EGLD
- Enjin Coin – ENJ
- EOS – EOS
- Ethereum Classic – ETC
- Ethereum – ETH
- Ethereum (Immutable) – ETH
- Ethereum (Polygon) – ETH
- Ethereum (zkSync) – ETH
- Filecoin – FIL
Moonpay Supported Countries
Moonpay supports countries that have a strong economy, good governance and a fair legal system.
- Afghanistan
- Albania
- Bahamas
- Bangladesh
- Barbados
- Bolivia
- Botswana
- Cambodia
- China
- Cuba
- Ecuador
- Ghana
- Iceland
- Iran
- Jamaica
- Mauritius
- Mongolia
- Myanmar
- Nicaragua
- North Korea
- Pakistan
- Panama
- South Sudan
- Sudan
- Syria
- Uganda
- Venezuela
- Yemen
- Zimbabwe
MoonPay App Download
The MoonPay app is a great way to easily and securely pay your bills, shop, and more. Download it today and start enjoying the convenience and security it has to offer.
FAQS
How Long Does It Take Moonpay to Verify Transactions
Moonpay takes about 1-2 business days to verify transactions
Is Moonpay Legit?
YES,there are many reasons why it’s legitimate and safe to use moonpay as your payment method for online purchases. Moonpay allows you to pay with Bitcoin or other cryptocurrencies without the risk of chargebacks or fraud, which can happen when using a credit card.
Is Moonpay Safe on Trust Wallet?
Yes,Trust Wallet allows users to store multiple cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), to be used for various things like making payments for goods or services online across the globe.
Conclusion
We hope these guide will help make your cryptocurrency experience easier and more enjoyable. If you have any questions or comments about using Moonpay, feel free to leave them below in the comment section of this article. Thank you for reading.
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- I am a creative writer, researcher and strategic digital marketer who is focused on providing value to the community through my contents and creatives.
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