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Pros and Cons of MoonPay Gambling
Pros
- Easy-to-use app
- More than 90+ cryptocurrencies available to buy and sell
- Supports over 30+ fiat currencies
- Low fees
Cons
- Not many gambling sites accept MoonPay yet
- Some countries are limited
- High fees
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What is MoonPay?
The MoonPay service came out in 2019 and has since gotten a lot of attention worldwide. It can be used in more than 160 countries, accepts over 30 fiat currencies, and can buy and sell over 90 cryptocurrencies with the click of a button. They currently have over 15 million users worldwide!
If you use MoonPay, getting into crypto doesn’t have to be a long and annoying process that requires a whole lot of reading to understand. This fiat-to-crypto service walks you through the whole process and makes it easier than ever to use cryptocurrencies.
In the past few years, crypto online casinos have become a part of gambling. Online casinos are choosing to use MoonPay because it has become a popular service for converting fiat currencies to cryptocurrencies. Also, MoonPay users can use world-class banking methods like debit and credit cards, bank transfers, and even mobile payment systems like Apple Pay and Google Pay.
Read on to find out how this solution can make your online gambling with MoonPay casino sites easier and more fun.
Accepted Cryptocurrencies
Due to the ever-changing regulations, we recommend you check this page for a full list of accepted cryptocurrencies. Alternatively, you can learn more about the most popular options below:
How to Create a MoonPay Account
Before you can use MoonPay you first need to create an account. Doing so is very straightforward. However, it’s crucial to note that the legality and acceptance of using cryptocurrency or fiat payment platforms like MoonPay for online gambling vary significantly depending on your jurisdiction.
To create a MoonPay account and use it for gambling, follow these steps:
- Visit the Moonpay website and click on the “Sign Up” button.
- Enter your email address and create a password, then complete the verification process.
- Provide the required personal information and documents for KYC (Know Your Customer) verification.
- Once verified, link your payment method, such as a bank account or credit card.
- Transfer funds to your Moonpay account using the linked payment method.
- Use your Moonpay account to deposit funds into your preferred gambling platform, if it supports Moonpay transactions.
Ensure that you check the gambling platform’s requirements and compatibility with Moonpay before attempting to deposit funds.
Why Choose a MoonPay Casino?
When you think about how many ways to pay online, you might wonder why people choose to play at casino sites that accept MoonPay. People choose this online casino banking method for a lot of different reasons, which is why it’s so popular. Next, we’ll look at some of the best reasons to play at the best MoonPay casinos.
- Safe and secure: MoonPay has great security features that keep players’ personal and financial information safe. So, players can play their favourite MoonPay slots without having to worry about their safety.
- Highly available: A large number of people can use the payment service because it is available in more than 150 countries.
- Different currencies: MoonPay supports more than 30 different fiat currencies and over 90 different cryptocurrencies.
Now, keep in mind that MoonPay is mainly a payment option for cryptocurrencies. If you prefer using your national currency, like GBP or EUR, MoonPay is not the best option. However, if you are a crypto enthusiast or want to dip your toe in the crypto-world, MoonPay is a great option.
MoonPay Casino Deposit & Withdrawal
MoonPay is a payment method that is currently becoming more available on online gambling sites. It’s less widespread than other options, but hopefully, this will change soon. It’s easy to join any casino that accepts MoonPay, and the steps are pretty much the same for all of them.
To deposit digital currencies, such as Bitcoin, Dogecoin or Ethereum, at your online casino, you must first purchase the currency using Google Pay, Apple Pay, bank transfer, or a credit/debit card. Once completed, you can make a deposit like this:
- Sign in to your online casino account and go to the deposit page.
- Choose MoonPay as your payment method.
- Choose the cryptocurrency and the amount you wish to deposit.
- Copy the address in the “Send your crypto deposit to” box in the top right corner of the page.
- Enter the address in the MoonPay frame, which can be found on the left under “Wallet Address.”
- The crypto will be sent to the address in 30 minutes or less.
- MoonPay will send you a one-time code to your email, which you should copy and paste into the “Verification code” box.
- Enter the required information about yourself, upload a photo of yourself and any required ID documents, and enter the information about your payment method.
- If you confirm your payment, your transaction will go through.
Withdrawals
Most withdrawals work the same way as deposits. Keep in mind that withdrawals take a while, even though MoonPay transactions are processed immediately.
MoonPay and the casino you choose must check to ensure everything is in order. For safety reasons, the withdrawal could take up to 48 hours.
MoonPay Casino Bonus
Using MoonPay to make a deposit does not limit your chance for a bonus. If a casino bonus is given by the online casino, you should be able to claim it using MoonPay.
Keep in mind that not all crypto casinos give promotions due to constant fluctuation. It’s also rare to find a MoonPay sign-up bonus due to the high risk that free bonuses pose for the casino.
We also advise you to check the terms and conditions of every bonus before claiming to ensure the conditions are fair. Remember: the larger a bonus seem to be, the tougher are normally the conditions.
Security at MoonPay Casinos
Security is at the heart of MoonPay, which uses the best security measures for storing, collecting, and processing data. This keeps your personal information and stored data from being changed, accessed, shared, or deleted without your permission.
In case of problems, MoonPay gives its customers a place to go for help called the Support Centre. Within 24 hours, you’ll get your response.
MoonPay Fees
You should be aware that there are fees and limits when using MoonPay. Most online casinos will not add fees to your transactions, but some do, so this is also something you should watch out for.
The exact fees are subject to change and depend on your region. In general, you will find the following fees:
- Credit Card - 4.5% processing fee and a dynamic network fee.
- Bank Transfers - 1% processing fee and a dynamic network fee.
- PIX - 2.95% processing fee and a dynamic network fee.
Selling cryptos will also include a fee of 1%, with a €3.99 minimum charge.
FAQs
Can I trust a MoonPay casino?
You should always choose a licenced and regulated MoonPay casino when looking for a new one. If you find one that isn’t, you should stay away from it.
Can I use MoonPay for gambling in the UK?
No, all casinos for the UK market must have a license from the UK Gambling Commission, and since they have yet to open up for cryptocurrencies, MoonPay gambling sites are not available. The MoonPay app is available to UK customers. You just won’t be able to use it for gambling.
How many MoonPay casinos are there?
At the moment, very few gambling sites accept MoonPay, but more crypto casinos are starting to accept it. We expect it to be more widespread in the future.