Moonpay is a special centralized crypto exchange were you can trade crypto with fiat money directly from your own
Most other exchanges require you to deposit funds into your account before you can trade them and you have to withdraw them from your account if you want to store them in a wallet that only you can control. With Moonpay you can buy various cryptocurrencies with a credit card and have them sent directly to your own wallet address. You can also sell cryptocurrencies by depositing them on Moonpay and receive your money via a bank transfer.
The fees for both buying and selling are relatively high. You pay a fee of either $3.99 or 4.5% (whichever is higher) for buying and a $3.99 or 1% fee for selling crypto. This exchange also has very limited trading tools, you can only make market orders but no limit orders and you can only trade fiat with crypto but not the various cryptocurrencies with each other.
This means that for more professional trading it would make more sense to use an exchange like Mexc Global but due to its simplicity it works great as a fiat to crypto on and off ramp. If you need some ETH for DeFi applications on Ethereum, then one of the simplest ways to get it is to buy it with Moonpay and have it sent directly to your
Moonpay can also be used by businesses to enable their customers to make crypto payments without needing to know how to use crypto. For example if are sold on-chain they must be bought with a cryptocurrency, but if the seller integrates Moonpay then the buyer can make the purchase with a credit card and Moonpay will trade the fiat with crypto and send it to the seller in the background.
There are about 40 different coins and tokens supported, ranging from the most famous ones to more obscure digital assets. Moonpay supports BTC, ETH, , SHIB, MATIC, LINK, and many more. There are also many different stablecoins available for multiple different blockchains for example you can buy different USDC tokens for the Ethereum and for the Solana blockhain.
If you want to make many trades with cryptocurrencies then it would make more sense to use , but if you just want to actually use a cryptocurrency and need a simple way of getting some into your wallet then Moonpay could be what you are looking for. It could also be interesting for you if you run any sort of business that wants to accept sipmple cryptocurrency payments.
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