Established in 2019 by Ivan Soto-Wright and Victor Faramond, MoonPay is the popularized crypto payment service platform with a reputation for its robust security system and customized user services.
The fintech solution allows for the straightforward purchase of a wide selection of cryptos using fiat methods. Since it is convenient to use, it has now become the favorite of many bettors. It is why more and more MoonPay betting sites are cropping up every day. If you are new to MoonPay and want to know how to use it on betting sites, our guide will ensure that you are covered.
What is MoonPay?
MoonPay is a fintech company that allows users to purchase different cryptocurrencies using fiat methods such as Visa, MasterCard or PayPal. The website has multiple benefits, including its impressive security features.
Through the application of asymmetric encryption and KYC protocols, MoonPay places a higher priority on the security of transactions with the provision of a wide range of services, from just buying or selling cryptocurrency to the development of intelligent contracts and APIs for external wallets. The security infrastructure of the platform, namely AES-256 encryption, TLS, and bug bounty program, are clear reasons why users trust the system. Our Thunderpick review reveals it as one of the top credit-transfer network service providers for online betting.
Advantages of Using MoonPay
There are multiple advantages to using MoonPay. Let’s examine them.
Easy to Use
MoonPay simplifies the whole transaction process at MoonPay betting sites and is accessible to those who may not be familiar with the details of blockchain technology.
Speedy Transactions
With its swift transaction processing, you can dive into your favorite casino games almost instantly after initiating the purchase.
Broad Selection of Payment Choices
MoonPay ensures the convenience of using multiple payment methods for casino transactions. It also offers the possibility of choosing from a wide range of digital currencies.
Anonymity
Anonymity is a priority for crypto players and MoonPay answers the question with a relatively acceptable level of privacy. By using MoonPay betting sites, you can maintain confidentiality without having to divulge your banking details.
Security
MoonPay emphasizes security, employing robust measures to safeguard your financial information from casino sites. It ensures a dependable payment experience while prioritizing the protection of your sensitive data.
MoonPay is Revolutionising Crypto Casino Payments
The rapid emergence of the cryptocurrency industry has seen MoonPay become one of the pioneers in this revolution. Among other positives of MoonPay’s state-of-the-art payment gateway, online casino players’ interaction with crypto casinos is being reshaped, and a new way to conduct digital transactions is being established.
MoonPay, a fintech company, now offers an easy, safe, and hassle-free system that helps users to acquire cryptocurrencies. The selling point here is that they try to simplify the procedure of buying digital assets, which makes it more straightforward for more people.
Acquiring cryptocurrencies traditionally entailed navigating multiple platforms, complex procedures, and the uncertainty of transaction delays. MoonPay disrupts this narrative by streamlining the entire process. Now, players can purchase cryptocurrencies directly within the MoonPay casino interface, eliminating the need to juggle between various platforms.
How to Register at MoonPay
MoonPay, according to its working code, strives to provide users with a user-friendly service. So, even the newbies find it easy to understand cryptocurrencies, and the process is quite simple. The account registration process starts right from the time that the customer first gives a purchase order to buy a specific digital currency via MoonPay.
Here are the steps you have to take to complete MoonPay registration process:
- Head to the ‘Buy Crypto’ tab of the actual MoonPay site
- After that, you must enter the amount you want to buy on the counter and choose a supported fiat or local currency
- Your next step will be clicking on ‘Continue’, and you should put your email address
- The code is now six digits, and you will have to enter the code that you will receive via email
How to Verify Your MoonPay Account
In respect of MoonPay’s KYC policy, you will be expected to provide the following:
- Full name
- Date of birth
- Evidence of your residential address
- Photo ID such as passport or driver’s license
Following this, you will see the featured option at this point, and they will be allowed to choose their most convenient payment method from options such as credit card, bank transfer, Apple Pay, and Google Pay. You can anticipate getting a confirmation notification from the system within roughly 30 minutes. Upon the transaction verification, gamblers can initiate the use of the assets as a total coin gambling value.
How to Deposit at MoonPay Betting Sites
Depositing at MoonPay sports betting sites or online casinos is easy. Once you have registered at betting sites or online casinos accepting MoonPay, you will have to follow the steps given below to deposit money.
- Log into Your Account: You can log into one of your preferred MoonPay betting sites using your login credentials.
- Go to the Deposit Section: Go to the casino’s cashier or deposit section. Here, you will choose MoonPay as your preferred deposit method.
- Choose MoonPay as the Payment Method: You will now have to choose MoonPay as your preferred method for online betting payments. The interface of the MoonPay casino or betting sites will guide you through the process.
- Choose the Deposit Amount: Enter the amount you would like to deposit. Stay within the deposit limits imposed by the MoonPay betting sites or casinos.
- Enter Payment Details: You will be redirected to MoonPay’s website or the integrated banking portal from MoonPay casinos. Here, you will have to add your payment information.
- Choose a Digital Coin: Upon entering your payment information, the next step is to select the cryptocurrency you wish to purchase.
How to Withdraw at MoonPay Bookmakers
Withdrawing money from MoonPay betting sites or casinos is easy, just as straightforward as depositing. Following the below steps will see you get hold of your funds as soon as possible.
- Choose a Withdrawal Method: The first step in withdrawing money from a MoonPay sports betting site or casino is to choose a withdrawal method.
- Start the Withdrawal: If you have already completed the verification process, you have to proceed to provide your cryptocurrency wallet address.
- Wait for the Money to Arrive: The withdrawal processing times different from one MoonPay betting site to another. Keep in mind that MoonPay does not offer a way to store customers’ funds. However, it would help if you had an active crypto wallet – such as if you buy crypto on BC.Game – and then transfer your digital coinage.
Applicable Fees
Fees are applicable when playing at MoonPay bookmakers, and it’s essential to be transparent about this aspect. These fees vary depending on the cryptocurrency being purchased and the chosen transaction method. For transactions conducted through bank transfers, users can expect to encounter a dynamic network fee along with a 1% processing fee. When using cards, in addition to the dynamic network fee, there is a 4.5% processing fee.
The dynamic network fee is subject to change based on the current conditions of the blockchain network, but it is important to note that transactions are a common theme at crypto betting sites.
MoonPay Betting Sites: The Bottom Line
It’s undeniable that MoonPay presents an intriguing and compelling solution, particularly for those looking to venture into the world of crypto without grappling with the complexities of initiation. The platform is remarkably user-friendly, and by adhering to the comprehensive instructions provided, users can swiftly make deposits across numerous online casinos in under 30 minutes.
Using MoonPay is straightforward, making it ideal for players that are inexperienced in using crypto and giving you access to some of the leading online betting sites. Just remember to gamble responsibly and do your own research before spending money.
Since: November 27, 2023
