Moonpay is an innovative and creative agency that developed an online platform for traders of different coins like Bitcoin, crypto, etc, to buy and sell their as well as enjoy the benefits of the platform.
On this platform, you stand a chance to be greatly recognized even though you may not be trading being that that is the main purpose for the development of the platform, on that note, you can become a notable user of the platform by fishing out some incorrect details on the platform.
There have been over 195 reviews of this platform by old users who rated it 4 out of 5 stars making it seem legit and trustworthy.
So, this article is a comprehensive guide for you on the use of this platform, how you can trade beneficially on it, how it works, and some other important information.
Overview of the Trading Site: Moonpay Review
Moonpay review will give you an insight into this platform and what it looks like.
Based on the reviews from different users, you can read through and decide on your own how legit and true it looks.
That said, Moonpay is an online platform where traders can sign up for the buy and sell of their coins, whether Bitcoin, crypto, Ethereum, etc.
On Moonpay, users can purchase Bitcoin for a start for as low as $30 and still earn so many benefits based on the condition and time of the trade.
While on that, Moonpay review reveals that the platform has its downside which can be tagged on the trading fee (high trading fee) as well as the lack of trading tools.
Therefore, traders are advised to consider that before their investment regulars.
That said, Moonpay supports the buy and sell of over 80 coin assets on its globally friendly website and easy-to-navigate homepage.
Whether you are a bi]eginner investor or an expert, this platform does not discriminate against users the same as your cou try of origin does not matter.
How Does Moonpay Work?
Moonpay through the online platform is easy to navigate with a friendly user interface and access to the website is not limited to a particular country as individual traders can come from any part of the globe.
On this platform, you can buy dozens of cryptocurrencies that are already popular using your debit or credit card.
The use of this platform is a very fast and easy way to add digital assets to your portfolio with simple steps of trading your cryptocurrency without having to jump through loopholes.
That said, most people consider that some platforms of this kind that may be new to the market may not have the features that are required for trading and investment actions.
Meanwhile, Moonpay was established only in 2019 but since then, it has recorded great achievements as well as more amazing reviews from old users.
Pros and Cons of Online Trading
Just like every other online space, this trading platform has its downsides as well as good sides but it is left for investors to choose which part they want to focus more on.
The downside of this particular platform may not be as much as the good sides considering that old users have left more positive reviews than negative reviews.
On that note, below is an outline of the pros and cons of using this platform for your asset trading that could help you determine whether you want to use it or not;
Below are the advantages of using Moonpay for your asset trading;
- There are numerous crypto wallet and exchange integrations available on this platform
- Exchange or payment means on this platform is not limited to a certain currency
- Crypto support is extensive
- A newbie in the world of trading may find this platform helpful as it guides beginners on the path
Below are the downsides of using this platform for trading;
- Crypto staking is not available
- The exchange fee is high
- Traders cannot swap cryptocurrency
- Trading tools are not available on this platform
How To Use The Moonpay Wallet
The money wallet is the support means of trading on this platform, this is where your earnings are accumulated until you decide to transfer them to a local and useable account.
Using the Moonpay wallet cannot, however, be possible unless a user signs up on the platform as one of the users and creates their wallet.
Sending, receiving, and trading any assets can only be possible through the Moonpay wallet.
To access your wallet, click on the three dots on your wallet card then you will see your wallet, you can also copy the address for receiving assets.
For beginner users of this platform, you may not find your wallet at first but that is not the end of the road, you just have to continue in the trading flow then when you are at the level, your wallet will appear.
Moonpay Login: How to Trade CryptoCurrency
If you are interested in crypto trading or the trading of other coins, you can start by registering as one of the users of this platform.
Also, you cannot access your Moonpay wallet if you are not logged into your account so in case you encounter any issue which is why you’re not qualified for a wallet yet, you should check to make sure you are logged in on the site.
However, before you get to the point of logging in on this platform, you must first be signed up as one of the users and this is by creating a user account.
Moonpay sign-up is very necessary except if you are just on a normal visit to the platform to find out more about it.
Follow the steps below for easy Moonpay sign-up on the platform;’
- Open the website to begin
- Look to the right-hand side of the homepage and click on the signup option behind login
- Provide the required details and submit your request for procession and approval, this usually takes less than an hour to be done and you can now log to your account to begin trading on the platform
For anything you wish to do on this platform, trading your coins whether to buy or sell, follow the steps outlined below to log in to the platform to begin;
- On the right-hand corner of the homepage, click on the login button
- Enter the details as used during the time of creating your account
- Click on the submit button and you are in your account
Moonpay is an easy-to-use trading platform for the buying and selling of cryptocurrency and other assets.
Using this platform is simple and easy to understand as it was built with a friendly user interface so that even individuals who are still newbies in the investment world, can find their way around.
To access your Moonpay wallet and start trading, log in to the platform after you have created your account.
You can also get the Moonpay app to make your experience more personalized and this is by scanning the UR code on the website or going here.
Finally, the legitimacy of Moonpay depends on what a user wants, read enough reviews to make sure you can handle whatever that comes out of using it.