MoonPay is one of the most popular and trending crypto payment and trading platforms today. It’s internationally present because it’s available in approximately 160 countries across the globe. With millions of customers and dozens of supported assets, the success of MoonPay can be easily explained.
One of its intricate features is the chance to deposit funds at online gambling sites using the platform. When you combine this with the simple and intuitive menus and the global presence, MoonPay starts to stand out from the rest.
If you want to know how to deposit at online casinos with MoonPay, this guide is for you. We’ll introduce MoonPay, pinpoint its advantages and downsides, and dwell on all the important details you should be aware of before using the platform’s perks.
Introducing MoonPay
If you want to use MoonPay to the fullest, you should learn the A-Z about it before you interact with this platform. Depositing funds at online gambling platforms through MoonPay is neither a long nor a painstaking process. Quite the contrary – it’s a simple, short procedure that requires little to no effort, hence the popularity of MoonPay. Using it to wager crypto while having nothing but fiat money in your account is a great advantage.
Based in Malta, this FinTech entity was able to grow from a newbie in the industry to a widely recognized brand in about five years. The architecture it offers is a textbook example of how such a platform should look like. It allows users to engage in transactions with 30 fiat currencies and more than 100 crypto ones. The framework is very flexible and can work with payment solution providers such as Google Pay and Apple Pay, alongside bank cards and transfers.
MoonPay requires just minutes to work its magic. Using either of the possible payment solutions, you can buy crypto and use it to bet at online gambling sites and gaming platforms. The company was among the first to recognize the growing impact crypto has on the iGaming sector. As a result, users have the chance to wager on sports or place bets on casino games even if they never had a digital wallet.
It didn’t take long for MoonPay’s solution to be welcomed by many users across the globe. Today, the platform partners with dozens of payment providers, top-tier wallets, and casino sites. This is not just about popularity and good reputation, though – there’s a practical side to it – users have a wide choice of casinos that work with MoonPay.
Pros & Cons of Using MoonPay to Deposit at Online Gambling Sites
When making a decision, knowing all about the choices you’re faced with is key to going in the right direction. Therefore, understanding the pros and cons of MoonPay is crucial. We did the heavy lifting for you and summarized the primary advantages and downsides of interacting with MoonPay.
- User-friendly platform
- Ideal for beginners
- Reliable customer support
- Plenty of accepted fiat and cryptocurrencies
- Sufficient integrations with exchanges, casinos, and wallets
- Cryptocurrency swaps are available with no fees
- Higher-than-average fees in some cases
What is the Goal Behind MoonPay?
Apart from allowing users to deposit crypto at online casinos, MoonPay is also a great place to start your crypto investing journey. While it’s still not as influential as the major crypto exchanges in existence today, MoonPay’s strong worldwide presence makes it a trusted partner to choose. Whether you want to start investing in crypto or you just need a way to use the fiat money you have in the bank for wagering on crypto betting platforms, MoonPay’s primary goal has always been to make the process in question faster and more efficient than any other alternative you may find. Until now, more than 14 million users have already chosen MoonPay’s services, and the total cost of processed transactions is well over $2 billion.
How to Get Started with MoonPay?
Getting started in the vast crypto world is best done by joining MoonPay. To discover the possibilities this platform has designed, all you need to do is visit the platform’s website and follow a handful of simple steps. It’s an intuitive mechanism with a welcoming interface, which is why even people who’ve never visited a crypto platform before can make their way around trouble-free.
Your journey starts with buying crypto and creating a MoonPay user profile along the way. The website has all the simple instructions you must follow, but you can use a wallet app connected to MoonPay instead. Once you’re ready, you should proceed with the next steps:
- Find the currency menu and pick the crypto you want to acquire
- Type the amount of crypto you’re prepared to buy
- Add the address of the digital wallet you use. If you opt for a wallet app, then you’ll receive the address to fill into MoonPay’s form
- Confirm you agree with the site’s terms by accepting them
- Verify your account information (name, birthdate, address)
- Submit a valid ID
- Check for your confirmation email
- Wait until the crypto you bought arrives in your wallet (this typically takes up to half an hour)
After you get the crypto you bought, it will be immediately available for you to use at will.
Account Requirements to Consider
As mentioned above, when you’re in the process of creating your new MoonPay account, you will be prompted to input some personal details and documents, such as full name, birthdate, current address, email address, phone number, and a valid ID. There might be a need for another type of verification, but once you complete these steps, you will be allowed to trade crypto or use it to deposit at online casinos.
How to Deposit at Online Casinos with MoonPay?
There are zero difficulties when it comes to how to deposit at online casinos with MoonPay. If you’re certain that the casino you want to join collaborates with MoonPay (most online gambling sites accept MoonPay, which alone serves as a testimony to its credibility). Once you’re positive you’re good to go, then it’s time to see the detailed instructions on the MoonPay website. To save you time and unnecessary hustle and bustle, we’ll lay down the whole process for you.
As long as you have an Apple Pay or Google Pay account, a credit or debit card, or at least a bank account, you are ready to deposit funds at online casinos with MoonPay. When you log into your casino user account, you should see a section or a separate page dedicated to deposits.
As long as the casino works with MoonPay, then you will find the platform among the list of options. It will specifically invite you to purchase crypto with MoonPay. Once you click on this option, you will be asked to determine the number of coins you want to buy and later deposit in your casino account to use for placing bets. At this stage, you should see the exchange rate and therefore approve or refuse to proceed. Next, you need to copy the casino’s network address link found on the top of the page and paste it onto the MoonPay platform/frame.
After you’re done with the steps above, you will need to wait up to 30 minutes before your funds are at your disposal. To use it, you need to check for an email from MoonPay that contains a unique code. You need to paste it in the designated platform section to verify the transaction. The verification, as described above, requires personal information and data, alongside a valid ID.
How to Withdraw from Online Casinos with MoonPay?
Withdrawals from online gambling sites with MoonPay are not that different from deposits via this platform, and they’re not harder to complete, either. It’s essentially the same process but reversed. The major difference is the time frame. While deposits are very fast, withdrawals might take a lot longer. In some cases, you will receive your funds 48 hours after you submit a withdrawal request. The longer processing time is due to safety and other checks performed by both the casino operator and MoonPay.
Why Should You Deposit at Online Casinos with MoonPay?
There’s a plethora of ways to deposit funds at online casinos, so choosing the right one is always a personal choice based on habit, necessity, convenience, or trust. With MoonPay, things are on the positive side – the platform boasts several advantages that would make most users choose its services instead of using an alternative deposit solution. The upsides include:
- Safety: MoonPay is a secure platform that offers state-of-the-art protection of its clients’ personal and banking data. There are virtually no security risks when you deposit at online casinos with MoonPay.
- Global presence: With approximately 160 markets worldwide, MoonPay is a popular industry player that people across the globe can use with equal ease.
- Wide array of accepted currencies: MoonPay supports over 100 cryptocurrencies and over 30 fiat ones, meaning that there’s little chance the currency you prefer or own is not on that list.
How to Find and Choose the Right MoonPay Casino?
The collaboration between the online gaming industry and the crypto world is already a strong one, and the opportunities it brings to users are immense. Still, not every scenario is a legitimate one when it comes to crypto casinos. To play it safe, literally speaking, you should only stick to trustworthy gambling sites with proven track records and mostly positive reviews. Here’s what to consider:
- Legislation and licenses: The casino you choose to deposit funds with MoonPay at should be a trusted entity with a valid license. There are several major regulatory bodies in the iGaming industry, as well as institutions offering audits and certifications. The gaming site you pick must be regulated or licensed by at least one of them.
- Bonus offers: One easy way to select the best casino is to compare the bonus offers several gaming platforms boast. With a bit of research, you will be able to join a crypto casino that’s more than generous and rewarding.
- Game library: One of the key aspects of a successful and popular online casino is the gaming library it has. The more games there are, the better your experience will be, as you get to choose between every title and category imaginable.
What Are the Strong Points of MoonPay’s Platform?
As we mentioned earlier, MoonPay has only been around for about five years. It was launched in 2019, and it grew to its current state in an impressive way. With millions of customers already, it obviously has some key strong points that we should mention. In this section, we’ll list the most important reasons that explain the exponential growth of MoonPay.
Trading and Transactions Are Simple and Seamless
The sheer fact that you can buy crypto and use it to wager on games and sports without owning any crypto half an hour before that is astonishing, and MoonPay makes it all come together in a simple, straightforward process. Even the basic functionalities of MoonPay are as easy to use as they could possibly be. For instance, you can buy crypto by clicking on a couple of buttons on the MoonPay website. There’s an easy-to-navigate menu that invites you to choose the currency you need and specify the amount you want. While doing so, you will be able to conveniently check the current rates. Exchange rates are updated every few seconds.
As far as payment options are concerned, users have a lot to choose from. Apple Pay, Google Pay, Samsung Pay, VISA, MasterCard, and bank transfers are among the possible choices. You can even opt for a SEPA transaction.
Selling Cryptocurrency is a Breeze
Another top MoonPay perk is the ability to sell crypto in seconds. You can sell your coins and receive a chosen fiat currency instead. This is not an option that’s available across all 160 countries, but it’s still a great functionality to have at your disposal. The process itself is the exact same as buying crypto. There’s even a functionality that allows you to receive the crypto back in case the transaction is unsuccessful. All you need to do to take advantage of this functionality is to input the address of your digital wallet. As a downside, there are only a handful of cryptocurrencies you are allowed to sell: BTH, ETH, Tether, and USDC.
The Platform Supports Crypto Wallet and Exchange Integrations
The crypto trading and management solutions MoonPay has designed are already proven to be successful thanks to the company’s million satisfied clients. Except for the investment opportunities it presents, MoonPay is growing rapidly popular as a crypto payment solution for wallets and exchanges. This is crucial for the B2B niche where MoonPay has hundreds of partners such as Binance, OpenSea, and Trust Wallet.
MoonPay Offers its Native Non-Fungible Token (NFT)
Some say the NFT game is not as intriguing as it once used to be, but that industry is far from declining. This is why MoonPay offers users the chance to engage in NFT transactions on blockchains such as Solana and Ethereum.
What Are the Areas Where MoonPay Needs Improvement?
Although you can deposit at online casinos with MoonPay and there’s no denying it’s a user-friendly, feature-rich platform, it’s not all sunshine and rainbows. There are key areas in which MoonPay could more or less improve.
You Can Deposit at Online Casinos Using MoonPay but You Can’t Withdraw from All of Them
Here is a curious detail that you need to be very careful about when the time to choose a MoonPay casino comes. While most crypto casinos would accept MoonPay as a way to deposit funds, they won’t allow you to use it as a withdrawal means as well, which could lead to difficulties and extra fees.
Trading Fees Can Be Steep
Those who have already used MoonPay know that there’s no way to avoid trading and network fees. Not only that, but fees at MoonPay are a bit costlier compared to some alternative platforms. The exact amount and percentage of the fees you’d owe depends on the blockchain involved, but they are most often too high.
There are No Real Trading Tools
One of the reasons why MoonPay is not the industry leader at the moment is the lack of trading tools typical of the most popular exchanges in operation today. For example, you can’t swap one cryptocurrency for another. This means that MoonPay is merely a crypto payment solution, and after all, this is what it was designed for initially.
What Cryptocurrencies Does MoonPay Support?
As a leading crypto payment platform, MoonPay supports north of 100 cryptocurrencies, which is one of the reasons for its tremendous success so far. The same goes for fiat money as well. Because MoonPay is available in 160 countries worldwide, it covers an array of fiat currencies, such as US dollar, Norwegian Krona, African Rand, EURO, Canadian dollar, and many more.
The list of supported cryptocurrencies at MoonPay includes, but is not limited to Bitcoin, Ethereum, Cardano, Dogecoin, Dash, Tether, Litecoin, Solana, Tron, and dozens more.
MoonPay App
One of the latest additions to the arsenal of crypto payment perks of MoonPay is the platform’s dedicated app. It’s available on iOS and Android devices and works with various payment methods, including those available for the desktop version of MoonPay.
Thanks to this handy mobile solution, you will be able to buy crypto while on the go and manage several wallets at once. It’s available in 130+ countries and will continue to expand its presence for sure.
What Bonuses Are There at MoonPay Casinos?
When you deposit at online casinos with MoonPay, you can look forward to a myriad of bonuses that could make your experience a lot better than originally anticipated. Crypto casinos often design amazing bonus offers and systems in an attempt to attract and retain their clients. Here’s a list of the possible bonuses you can get your hands on after choosing one of the many MoonPay casinos:
- Free spins: Although you won’t pay for a set of free spins, in most cases, you will be required to deposit the minimum amount at a given casino before you have access to this otherwise tempting bonus.
- Cashback: In case you experience a losing streak, some casinos will allow you to redeem part of your losses. When you meet certain requirements, you will be eligible for a partial refund.
- VIP programs/loyalty bonuses: Many casinos have designed loyalty programs intended to reward players who keep coming back to the casino and deposit significant amounts.
- Match bonus: Quite often, online casinos would give players a match bonus upon registering a new account. In some cases, there are weekly match bonuses as well.
What Are the Fees and Limits at MoonPay?
We already mentioned that the fees MoonPay charges can be a bit steep when compared to its competitors, but this may vary, as it depends on several factors. Cryptocurrency trading fees range between 1% and over 4%, based on the payment method of choice. There are also account limits that are valid for crypto trading, and they are based on your preferred payment type, jurisdiction, and trading history. The last aspect is particularly interesting because trading on MoonPay can elevate your account to different levels that allow you more room.
Countries Where MoonPay is Restricted or Allowed
We already mentioned the global outreach MoonPay boasts. The platform is accessible from 160 countries worldwide. What’s more important is that it managed to reach the most important online gambling destinations on the planet, such as most of the US, UK, and Japan.
Of course, there are countries and states where you can’t access MoonPay from. The list is relatively short and includes American Samoa, New York, Guam, Albania, the Bahamas, and so forth.
How Safe is MoonPay?
Users often ask if they can safely deposit at online casinos with MoonPay. Yes, they can, because MoonPay is a safe crypto payment means. The platform uses the latest data encryption technology to make sure clients’ personal and banking details are protected from loss or theft.
MoonPay has developed another safety feature that’s effective and curious. The company offers rewards to anyone who is able to find bugs or weak points in the system. The bottom line is data protection is a two-way street and users need to be cautious despite the platform’s best efforts to ensure maximum safety.
Final Thoughts
If you want to know what it’s like to deposit at online casinos with MoonPay, you will be glad to learn that it’s a safe, seamless, intuitive, and fast process thanks to the system designed by this crypto payment platform. It’s also an ideal solution to trade crypto, despite the sometimes steep fees. With millions of clients and a strong international presence, MoonPay is as credible as expected. The platform is not your typical exchange, but it was never meant to be. Finding an online gambling site that works with MoonPay is almost always a guarantee that it’s a legit casino and that you will be able to wager crypto faster than expected.
