Is Moonpay Legit

Is Moonpay Legit? | Honest Moonpay Reviews

Is MoonPay a Legitimate Company? MoonPay is, in fact, legitimate. MoonPay has over 43,000 ratings on TrustPilot, one of the world’s largest review websites for any service/product, with 75% rating it excellent. Indeed, 86% of them gave MoonPay a rating of Excellent or higher.

MoonPay is a blockchain technology firm that enables customers to buy and sell cryptocurrencies and other digital assets using fiat currency.

The platform is extremely clean and simple to use.

Purchasing and selling cryptocurrency is as simple as purchasing any other commodity from an online ecommerce business using MoonPay.

MoonPay is rapidly gaining traction with customers worldwide, and it is now available in over 150 countries at the time of writing.

To use MoonPay, you must have a compatible wallet into which your acquired cryptocurrency will be sent or from which the cryptocurrency being sold will be taken.

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MoonPay takes all major credit / debit cards, bank transfers, and a variety of digital payment methods, including Google Pay, Apple Pay, and Samsung Pay.

Over 250 applications, wallets, and websites have integrated MoonPay and rely on its high level of security.

Table of Contents

Is MoonPay Safe?

MoonPay is a completely secure payment method. MoonPay’s data is secured at the block level using the AES-256 algorithm and is stored in data centers that adhere to PCI DSS and ISO27001.

According to the official MoonPay website, security and privacy are their top priorities, and they have implemented industry-standard security procedures to ensure them.

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All data received from and transferred to the MoonPay infrastructure is secured using TLS 1.2 and is safeguarded against assaults (downgrade) through the use of a HSTS policy.

SSL Lab has made its findings available for viewing on their own website.

Is MoonPay Legit?

MoonPay, on the other hand, is a legitimate payment method. MoonPay has over 43,000 ratings on TrustPilot, one of the world’s largest review websites for any service/product, with 75% rating it excellent. Indeed, 86% of them gave MoonPay a rating of Excellent or higher.

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The platform’s ease of use and customer service has been lauded by customers.

MoonPay is accepted in over 150 countries, and many well-known businesses that have begun accepting cryptocurrencies have integrated MoonPay into their payment processes.

Even Trust Wallet, one of the world’s most popular wallets, enables MoonPay for buying and sell cryptocurrencies via the app.

Is MoonPay a Scam?

MoonPay, on the other hand, is not a rip-off. The company was launched in 2018 in London and has seen no notable setbacks to date.

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MoonPay is trusted in nearly every country on Earth, and numerous businesses have integrated the platform into their payment checkout process.

Additionally, each consumer on the site must undergo a rigorous but necessary KYC process, which assures that no user is a bot or a phony.

Unless the user successfully completes the KYC process, the user’s options on MoonPay are severely limited.

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MoonPay Fraud

MoonPay scam has not been reported thus far. The platform has maintained complete transparency regarding their identities, which are all accessible on the platform’s website.

Indeed, if you are a member of the police or a bank, you can seek specific information from MoonPay by submitting a request via their customer support form under ‘law enforcement demands’.

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MoonPay never requests personal information like as passwords, and all platform contact occurs over legal email accounts.

Can I Trust MoonPay?

Yes, MoonPay is a reliable payment processor. MoonPay is lawful in over 150 countries, and if the platform had been a hoax, it would have been prohibited in a large number of them.

They use the most advanced data gathering, processing, and storage security mechanisms available.

Is MoonPay Safe to Buy Bitcoin?

Yes, purchasing Bitcoin with MoonPay is risk-free. The platform does not keep any of your financial transactions, and all data is encrypted using the industry-standard AES-256 algorithm.

The site makes it simple to purchase Bitcoin. Simply enter the desired quantity of Bitcoin in exchange for fiat cash.

Then, select the wallet to which you’d like to send the Bitcoin.

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After that, select a form of payment to finish the transaction. The Bitcoin should appear in the wallet within a few minutes, depending on network congestion at the time of purchase.

Can I Get Money Back from MoonPay?

No, regrettably. All cryptocurrency transactions are irreversible, which means that after a payment has been made, you cannot recover your funds.

If, however, your payment is stalled or you have not yet received your bitcoin following the money being cut, you can contact their customer care to identify and resolve the issue.

How Long Does it Take MoonPay to Reverse the Money?

Money reversal occurs only when transactions fail. If you paid with a credit card, the money will be reversed within 10 business days. Contact the bank if it has taken longer than that.

If your bank transfer payment was unsuccessful, MoonPay will refund you within a few business days. If you have not yet received your money, you can inquire about the status of your refund by submitting a support ticket here – https://support.MoonPay.com/hc/en-gb/requests/new?ticket form id=360000238478.

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Select Transactions – I was billed for a declined/failed transaction from the form’s drop-down menu.

How Does MoonPay Make Money?

MoonPay is a financial technology firm that enables users to buy and sell cryptocurrencies via regular payment methods such as bank transfers or credit cards.

MoonPay generates revenue from transaction fees, payment processing fees, and a concierge service supplied to high-net-worth individuals.

Is Moonpay Legit

How To Deposit Money In MoonPay

To begin, navigate to the wallet icon on the OpenSea website’s top-right corner. Then, on the large blue “contribute funds” icon, click.

You may be able to add ETH via the “Buy with card” option, depending on your geographical zone.

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How to Delete MoonPay Account?

Log into your MoonPay account for the first time. Enter the email address used to create the account and you will receive a verification code. Step 3: Select ‘Help With An Existing Account’ from the ‘Please Select Your Issue Below’ drop-down menu. Step 4: Select – Delete Account under ‘How Can We Assist’.

How To Contact MoonPay

If you have a question or problem, you may contact MoonPay’s customer service department at https://support.moonpay.com or 1-833-610-0735.

MoonPay Payment Methods

They accept all major forms of payment, including Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, Faster Payments, Wire Transfers, Open Banking, and ACH.

MoonPay Refund

MoonPay will give refunds solely in the event of a problem with the transaction. That instance, if funds have been taken from your account but have not yet arrived in your wallet. However, once a cryptocurrency transaction is completed, it is irreversible.

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MoonPay Verification

We require your legal first name and legal last name to provide you with access to our services. You may give us photographs of the following forms of government-issued identification: Passport de voyage international (currently not supported for US customers) ID card issued by the government (both sides)

Where Is Moonpay Located?

Ivan Soto-Wright and Victor Faramond co-founded the company in 2018 and it is headquartered in London, England.

How To Withdraw Money From MoonPay?

For more information, please visit https://sell.MoonPay.com/. Select the coin you wish to sell from the drop-down menu. Step 3: Enter the cryptocurrency’s worth that you’d like to sell. As you type the number, an estimate of the amount you will get in fiat currency will appear.

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What Is Moonpay Used For?

MoonPay enables the exchange between cryptocurrencies and fiat, or government-issued, currencies through a variety of popular payment methods, including Apple Pay and Google Pay, as well as debit and credit cards. One of the company’s early customers was Bitcoin.com.

Is MoonPay real?

MoonPay operates in over 160 countries and is trusted by more than 250 prominent wallets, websites, and applications to process payments and combat fraud.

Does MoonPay work in the USA?

Nebraska residents in the United States of America can now use MoonPay. Support totaled 46 states and counting!

Is MoonPay safe on trust wallet?

Yes, you may put your trust in MoonPay. MoonPay is lawful in over 150 countries, and if the platform had been a scam, it would have been prohibited in a large number of them.

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How Long does MoonPay Take To Deliver?

Transactions placed with a credit card typically take between a few minutes and several hours to process, depending on the volume of orders and any additional security checks required.

How do I withdraw money from MoonPay?

To learn more, please visit https://sell.MoonPay.com/. Step 2: Select the cryptocurrency you wish to sell from the drop-down menu. Step 3: Enter the cryptocurrency’s value that you wish to sell. As you type the quantity, an estimate of how much you will receive in fiat currency will appear.

What is MoonPay fee?

MoonPay, not Abra, determines the rate at which assets are converted. Fees: Any purchase under $141 will be subject to a flat cost of $4.99 + 3.5 percent. Once you spend $142. or more, a 7% fee will be levied and removed from your total.

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Does MoonPay work in Nigeria?

Yes! it does. They have a large number of Nigerian consumers that are able to make purchases. Kindly DM us your MoonPay email address and a brief explanation of your issue. Our customer service team will respond as soon as possible.

Is Moonpay Legit

Does MoonPay need ID?

Yes! To provide you with access to our services, they will require your legal first and last names. You may send us photographs of the following types of government-issued identification documents: Passport international (currently not supported for US customers) National identification card (both sides)

What country does MoonPay Work In?

Moonpay works in over 150 countries worldwide! Please see theurwhole list below: Algeria Andorra Angola Antigua and Barbuda (Antigua and Barbuda) Argentina Armenia Azerbaijan Azerbaijan Azerbaijan Azerbaijan Azerbai Bahrain

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How Long does it take for MoonPay to authenticate a transaction?

The majority of verifications take between a few minutes and a few days to complete. We will contact you via email if there are any more steps you must complete before your verification may be approved.

What countries does MoonPay work in?

Algeria Andorra Angola Antigua and Barbuda (Antigua and Barbuda) Argentina Armenia Australia Austria Azerbaijan Bahrain ETC.

What is MoonPay used for?

MoonPay enables the exchange of cryptocurrencies and fiat, or government-issued, currencies via popular payment methods such as Apple Pay and Google Pay, as well as debit and credit cards. Bitcoin.com was one of the company’s early clients.

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Does MoonPay work in UK?

Yes, it does work at this location.

Why does my card keep getting declined on MoonPay?

This situation could arise if the issuing bank does not support bitcoin transactions. Contact the bank once and confirm that they accept MoonPay transactions.

Apart from that, verify that MoonPay is operational in the geographic region from where you are accessing your account.

How do you buy on MoonPay?

Simply navigate to buy.moonpay.com or one of our partner wallet programs, select a cryptocurrency from the drop-down box, and input the amount you wish to purchase in your preferred currency (e.g. New Zealand Dollar).

If you’re using buy.moonpay.com, the next screen will prompt you to input your wallet address.

What is MoonPay Limit?

Tier Requirements Maximum Limit
3 5 Basic Source of Funds questions (selected from a dropdown) – Status of Employment – Proof of Income – Annual Expected Activity – Purpose of Account – Gross Annual Income More than €1,000 (365 day period)
4 – Proof of Address More than €5,000 (365 day period)
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Which credit cards work on MoonPay?

Moonpay takes the majority of popular credit cards, such as VISA and MasterCard. Additionally, certain virtual, prepaid, and debit cards are accepted. However, keep in mind that some issuing banks have their own restrictions on where and when those cards can be used and may deny the transaction.

How Does MoonPay Make Money?

MoonPay is a financial technology firm that enables users to buy and sell cryptocurrencies using conventional payment methods such as bank transfers or credit cards. MoonPay generates revenue through transaction fees, payment processing fees, and a concierge service supplied to rich clientele.

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How To Deposit Money In MoonPay?

You may now finance your OpenSea.io account directly with MoonPay. To do so, navigate to the wallet icon in the top-right corner of the OpenSea website.

Following that, click the enormous blue “more funds” button. You may be able to add ETH via the “Buy with card” option depending on your geographic region.

How to Delete MoonPay Account?

Step 1: Log in to your MoonPay account. Provide the email address used to create the account, and you will receive a verification code. Step 3: In the ‘Please Select Your Issue Below’ section, select ‘Assistance With An Existing Account’. Step 4: Select – Delete Account from the ‘How Can We Help’ section.

How To Contact MoonPay?

If you have a question or a complaint, please contact MoonPay’s customer service division at https://support.moonpay.com or by phone at 1-833-610-0735.

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MoonPay Payment Methods

Accept payments by Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA, Faster Payments, Wire Transfers, Open Banking, and ACH.

MoonPay Refunds MoonPay refunds will be granted only if there is a problem with the transaction.

That instance, if the funds have been debited from your account but have not yet arrived in your wallet. However, once a cryptocurrency transaction is completed, it cannot be refunded under any circumstances.

MoonPay Verification

While the majority of verifications will be done automatically, if you submit a document or image that does not comply with our rules, we may have to check it manually, which may result in further delays.

The majority of verifications take between a few minutes and a few days to complete.

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We will contact you via email if there are any more steps you must complete before your verification may be approved.

Where Is Moonpay Located?

Ivan Soto-Wright and Victor Faramond started the company in 2018 and it is headquartered in London, England, United Kingdom.

How To Withdraw Money From MoonPay?

Visit https://sell.MoonPay.com/ in the first step.

Step 2: Select the cryptocurrency you wish to sell from the drop-down menu.

Step 3: Enter the cryptocurrency’s value that you wish to sell. As you type the quantity, an estimate of how much you will receive in fiat currency will appear.

What Is Moonpay Used For?

MoonPay enables the exchange of cryptocurrencies and fiat, or government-issued, currencies via popular payment methods such as Apple Pay and Google Pay, as well as debit and credit cards. Bitcoin.com was one of the company’s early clients.

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Is MoonPay real?

MoonPay operates in over 160 countries and is trusted by more than 250 prominent wallets, websites, and applications to process payments and fight fraud.

Does MoonPay work in the USA?

While MoonPay already enables users in Europe and abroad to purchase $NEAR using a debit or credit card, today is the first time consumers in 150 countries, including the United States, will be able to utilize the service.

Can MoonPay be used on trust wallet?

Yes, you may put your trust in MoonPay. MoonPay is lawful in over 150 countries, and if the platform had been a scam, it would have been prohibited in a large number of them.

How long does MoonPay Take To Deliver?

Transactions placed with a credit card typically take between a few minutes and several hours to process, depending on the volume of orders and any additional security checks required.

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Is MoonPay Safe On Trust Wallet?

Trust Wallet is one of the most popular and safe wallets in the crypto-verse since it supports a number of chain networks such as Ethereum, Binance smart chain, and others, which enables users to trade and access coins housed on these various chains.

With Trust Wallet’s reputation, it’s clear that using MoonPay with Trust Wallet is secure, since both platforms tout massive security that protects user data and data sent between the user, Trust Wallet, and MoonPay.

Therefore, if you have any cryptocurrency in your trust wallet, you can sell them using MoonPay simply by connecting your Trust Wallet to MoonPay and initiating the transaction.

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If you’re new to utilizing trust wallet, it’s critical to safeguard your private keys, as these are the credentials required to access your wallet across several devices; if scammers obtain your private keys as a result of your carelessness, you risk losing the crypto coins in your wallet.

Because MoonPay’s technology is so secure, it will be difficult for scammers to access your user data. This is why Trust Wallet also supports MoonPay for the purpose of purchasing and selling bitcoin directly from the app.

Is MoonPay Safe To Buy Crypto?

Due to the platform’s infrastructure being encrypted using TLS 1.2, it is safe to conduct transactions such as cryptocurrency purchases on MoonPay.

You only need to ensure that your receive address is valid when transferring your cryptocurrency from MoonPay to your wallet; otherwise, you risk losing your cryptocurrency if it is transferred to the incorrect wallet address.

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If you’ve followed this procedure, you’ll be able to conduct secure transactions on MoonPay without danger of losing your cryptocurrency or having it taken away during the purchase process.

Purchasing cryptocurrency on the platform is quite simple. All you have to do is choose the quantity of cryptocurrency you wish to purchase in exchange for your fiat currency.

Following this, you’ll select the wallet to which you’d like the cryptocurrency to be transferred.

Ensure that you enter the correct recipient address to prevent your coin from being transferred to another wallet.

Following that, you’ll need to select the payment option for the coin. Within a few minutes, the coin will appear in your wallet, depending on the amount of activity on the blockchain network at the moment of purchase.

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How Secure Is MoonPay?

MoonPay takes pride in its security, incorporating industry-standard methods to ensure the platform’s security and privacy are maintained.

To safeguard its infrastructure, the platform has integrated TLS 1.2, which ensures the security of all data received on the platform. Additionally, the platform is well-protected against threats via the HSTS policy.

Since the company’s introduction in 2018, there have been no reports of scams, and the platform is trusted in almost every country, with many businesses adopting the platform as a payment checkout option.

Additionally, each user on the network must go through a rigorous KYC process that assures no user is a bot or a phony.

This approach assists in distinguishing spammers from legitimate users, and when the platform’s system identifies a bot, the account is promptly blocked.

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Additionally, there have been no reports of MoonPay fraud to yet. All information concerning the platform has been kept transparent and is accessible to anyone via the company’s website. MoonPay never needs you to disclose any confidential information with the site, such as your password.

Where Is the Headquarter of MoonPay ?

Although MoonPay was launched in London in 2018, its headquarters are now located on the East Coast, in the Southern United States, in the Greater Miami Area.

Conclusion

In general, MoonPay is completely secure and legitimate. They utilize industry-leading security measures to safeguard your information and personal identity. Because the customer service is robust and extremely prompt, you can utilize MoonPay without reservation.

However, please be aware of the hazards associated with buying and selling cryptocurrencies and conduct your own research prior to investing.

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