The online gambling industry is always keeping up with the trends. And since cryptocurrencies are a massive hit at the moment, operators do their best at including them more on their respective sites. Apart from standard ways to use cryptocurrency, they are starting to offer players payment solutions that would make their crypto transacting a pleasant and effortless process.
In recent years, a variety of innovative payment methods have emerged, giving users the flexibility to use both traditional currencies and digital assets for their transactions. Online casinos have quickly embraced these new options, leading the way in offering them to players. One notable service making crypto transactions remarkably straightforward and user-friendly is MoonPay. Acting as a fiat-to-crypto exchange, MoonPay enables players to instantly buy cryptocurrencies without the need to visit multiple exchange platforms for their purchases. What exactly is MoonPay, and why should it be your go-to option at online casinos?
About MoonPay
Getting into crypto Utilizing MoonPay does not have to be a cumbersome or time-consuming experience. In fact, it is designed to simplify the entire process, making cryptocurrencies far more accessible than ever before. Originating from a Malta -based fintech firm, MoonPay has developed a streamlined payment system for cryptocurrencies, prioritizing ease of use and user onboarding.
The platform essentially allows users to trade from over 160 fiat currencies into more than 90 different crypto assets. It supports some of the world's most popular payment methods, such as Apple Pay , Google Pay , Samsung Pay, bank transfer and debit/ credit cards . By using fiat currency in conjunction with these payment options, you can obtain your cryptocurrencies in under 30 minutes, thereby enabling immediate use across your online casino deposits right away.
What makes this company capable of achieving such a feat? For those in the know, Malta has become a central hub for gambling and has embraced the use of cryptocurrency. With a forward-looking approach toward blockchain regulations, Malta has positioned itself as a leader in this domain, which has led to an increase in the acceptance of blockchain technologies, including Bitcoin. conferences heading to Malta , aimed at educating online gamblers about the underlying technology of cryptocurrencies and the potential advantages it brings to the online gambling industry. As a Maltese enterprise, Moon Pay Limited possessed the necessary expertise and regulatory approvals to develop a revolutionary banking solution for the online gaming sphere.
As soon as this innovative solution was launched, it garnered immediate recognition across the globe. Currently, it operates in over 160 countries and has been integrated into more than 250 applications, wallets, and websites, including prominent online casinos. Thus, finding an online casino that supports this platform will be hassle-free. Learn how to begin your journey with it.
Getting Started with It
As introduced, the company designed the solution with the aim to make it easier for users to get started with crypto, so you should not be surprised to learn that the solution is really user-friendly. As long as you follow the instructions on its official website, you’ll see that the entire process would be really intuitive.
To kick things off, the initial step involves purchasing your first cryptocurrency using MoonPay, which will automatically generate your account. Simply navigate to buy.moonpay.com or download one of the supported wallet applications to make your inaugural purchase. From that point, follow these steps:
Choose the cryptocurrency you wish to acquire from the selection menu.
Input the quantity you wish to buy and select the fiat currency you plan to use for the transaction.
Provide your wallet address. If you're utilizing a partnered wallet app, this will automatically fill in your correct address for MoonPay, potentially allowing you to bypass this step.
A four-digit verification code will be sent to your email, which you'll need to enter in the relevant field to confirm your address.
Accept the Terms of Use.
Authenticate your identity by supplying your date of birth, residential address, and full name.
Proceed to upload a valid form of ID, which may include a residence permit, identification card, passport, or driver's license.
Once your order is confirmed, you will receive an email notification along with a link to MoonPay's tracking interface, allowing you to monitor the status of your order. Within 30 minutes or so, the cryptocurrency will be credited to your wallet.
After your cryptocurrency is successfully added to your wallet, your account will be fully functional, enabling you to start engaging with online casinos right away, with no need to wait for further guidance.
How can you make deposits at online casinos using MoonPay?
Since it is becoming more and more popular in the online gambling industry each month, this solution is getting accepted across many online casino sites. But one of the casinos that first started offering it was Bitcasino.io . Indeed, this operator offers comprehensive guidelines to facilitate a seamless experience for your deposits and withdrawals. You can join any casino that accepts MoonPay, and the process remains consistent.
To facilitate cryptocurrency deposits at your online casino using this service, you’ll need to choose between Apple Pay, a bank transfer, or a credit/debit card. The steps are as follows:
Log into your online casino account, then navigate to the Deposit section.
Locate the \"Purchase crypto with MoonPay\" option and click on it.
Indicate the amount of cryptocurrency you intend to purchase and deposit into your online casino account, after which the current exchange rate will be displayed.
Copy the wallet address provided in the \"Send your crypto deposit to\" section at the top right of your screen.
In the MoonPay window located on the left under the \"Wallet Address\" area, paste the copied address.
The cryptocurrency will be sent to your designated address within 30 minutes.
Simultaneously, you will receive a one-time code from MoonPay in your email. Note this code and enter it in the \"Verification code\" field.
Fill out the necessary personal details, upload a photo of yourself, and include any required identification documents as well as your payment information.
Confirm your payment, and your transaction should proceed successfully.
How to Withdraw Winnings with It?
The withdrawal process follows a similar format, though this time the procedure will be reversed. It’s important to remember that while deposits are often swift, withdrawals may take longer.
Both MoonPay and your selected casino need to verify that everything is in order, and for security reasons, the withdrawal process could take up to 48 hours.
Fees and Limits
Keep in mind that fees and limits are in effect. When purchasing cryptocurrency through card payments, a 4.5% processing fee along with a dynamic network fee will apply. Bank transfers also incur a 1% processing fee, together with a dynamic network fee. Selling crypto via a EU/UK bank transfer involves a 1% processing fee and a dynamic network fee. The network fee adjusts dynamically based on the current conditions of the blockchain network for BTC, ERC20, and ETH tokens.
You can sell crypto only if you’re a Bitcoin Cash or Bitcoin coin holder. The minimum threshold for transactions is set at 0.08 BCH and 0.001 BTC. Daily sales are capped at €2,000 and monthly at €10,000 worth of cryptocurrency.
The maximum limits on purchases are contingent upon whether you are from the US or a non-US citizen and vary according to your tier level. These tiers are based on the documents provided at the time of account creation. US citizens begin at tier 2, facing daily limits of €5,000 and €20,000 monthly for tier 2, and €50,000 for tier 3. For non-US individuals, the limitations stand at €150 for tier 1, €20,000 for tier 2, and €50,000 for tier 3 monthly. Daily allowances are set at €50, €5,000, and €50,000 for tiers 1, 2, and 3, respectively.
Restricted and Allowed Countries
As mentioned, MoonPay is available in 160 countries around the world, but some nations face restrictions.
Restricted jurisdictions include American Samoa, New York, Guam, Hawaii, Northern Mariana Islands, Rhode Island, China , Venezuela, Ecuador, Iceland, and the US Virgin Islands, among 25 additional countries, states, and territories where services cannot be accessed.
Supported Currencies
The range of supported currencies is extensive, essentially covering all the fiat currencies of the 160 permitted countries.
Regarding cryptocurrency options, there are 90 distinct cryptocurrencies on offer! While some may be restricted for US users, other customers can acquire all available options, including widely recognized cryptocurrencies like Bitcoin, Bitcoin Cash, Dash, Dogecoin , EOS , Ethereum , Litecoin , Tether , XRP and TRON.
To save you time, we display only the casinos that welcome players fromPaynet. If we have made an error with our filters, you’ll have the option to clear that by clicking here.PayPal .
With the emergence of numerous new payment options in recent years that allow users to transact using both traditional and cryptocurrency, online casinos have been at the forefront of this evolution, providing players with these services. A notable option is MoonPay, which simplifies and enhances the process of using cryptocurrencies, making it very accessible. As a fiat-to-crypto service, MoonPay enables players to instantly buy cryptocurrency with real money, eliminating the need to navigate complex exchange platforms. So, what exactly is MoonPay, and why is it a favored choice among online casinos?
The company crafted a platform that allows users to utilize over 160 fiat currencies to acquire more than 90 types of digital currencies, supported by many widely recognized payment methods like
How did the company achieve such remarkable accessibility? Malta, known as a hub for gambling, has actively embraced crypto. The country aimed to set a global standard in blockchain regulations, which has led to advancements in blockchain technology and Bitcoin
Once the solution was launched, it gained immediate recognition globally. It has been welcomed in over 160 countries, with more than 250 applications, including leading wallets and platforms, already trusting it, many of which are online casinos. Thus, locating an online casino where you can utilize this service is straightforward. Learn how to get started with MoonPay.
Input the wallet address. If you are using a partnered wallet, it will automatically provide MoonPay with the correct address, allowing you to skip this part.
After your cryptocurrency arrives, your account will be ready for use. You can start engaging with online casinos immediately, with no need to wait for further instructions.
How to Make Deposits at Online Casinos Using MoonPay?
. This operator provides intricate instructions to facilitate your initial experience with deposits and withdrawals. You can join any online casino that supports MoonPay, and your steps will generally remain the same.
Sign Up Bonus
To deposit digital currencies at your online casino using this service, you’ll generally need to employ Apple Pay, a bank transfer, or a credit/debit card. The process will unfold as follows:
Log into your online casino account and navigate to the Deposit section.
Click on the option labeled \"Purchase crypto with MoonPay.\"
Specify how much cryptocurrency you wish to buy and deposit into your casino account, at which point the exchange rate will be displayed.
Copy the address displayed in the \"Send your crypto deposit to\" section, located at the top right of the page.
In the MoonPay interface, found on the left side under the \"Wallet Address\" field, paste the copied address.
Your cryptocurrency will be sent to this address in under half an hour.
100% up to
Provide the personal information required, upload a picture of yourself along with any needed identification documents, and enter your payment method details.
The online gambling industry is always keeping up with the trends. And since cryptocurrencies are a massive hit at the moment, operators do their best at including them more on their respective sites. Apart from standard ways to use cryptocurrency, they are starting to offer players payment solutions that would make their crypto transacting a pleasant and effortless process.
As introduced, the company designed the solution with the aim to make it easier for users to get started with crypto, so you should not be surprised to learn that the solution is really user-friendly. As long as you follow the instructions on its official website, you’ll see that the entire process would be really intuitive.
Since it is becoming more and more popular in the online gambling industry each month, this solution is getting accepted across many online casino sites. But one of the casinos that first started offering it was Bitcasino.io . Indeed, this operator offers comprehensive guidelines to facilitate a seamless experience for your deposits and withdrawals. You can join any casino that accepts MoonPay, and the process remains consistent.
