Does MoonPay Accept PayPal?

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Elena

02/03/2023
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It can become all too easy to get lost in the various cryptocurrencies out there. So when MoonPay joined the fray, it could have been all too easy for it to get lost in the mix. But the payment service for both NFTs and cryptocurrencies has managed to stand out.

There is a lot to know about MoonPay, including what it is, where it comes from, and a major question: Does MoonPay accept PayPal?

What is MoonPay?

Earlier in 2022, there was seemingly an endless list of A-list celebrities—Snoop Dogg, Post Malone, Ashton Kutcher, Justin Bieber, and more—getting behind it as part of the effort to raise about $87 million in funding.

This leads to the question of what MoonPay is, exactly. It is a payment service for both NFTs and cryptocurrencies. The thing that sets it apart from the other payment services out there is the fact that users are able to use fiat currency to complete crypto transactions. It basically acts as both an on- and off-ramp service.

On-ramp is the exchange of fiat currency for digital assets, with off-ramp being the reverse. MoonPay accepts fiat payments, which means that it is able to offer users different traditional payment methods to purchase digital assets. Users can complete a transaction using credit cards, debit cards, Google Pay, Apple Pay, Samsung Pay, and more.

How to Use Apple Pay on MoonPay?

Before a transaction can be approved, users should get a verification email regarding the Apple Pay card. The goal is to ensure that users are safe while using not only MoonPay but their Apple Pay card as well.

You will be asked to upload a pair of images. The first is a screenshot of your settings that shows the Device Account Number and Card Number within your Apple Pay settings. You will also be required to send a picture of yourself holding the actual card that you have registered through Apple Pay.

The selfie requires you to show your face, the last four digits of the card, as well as the name of the cardholder. Make sure that all of these things are visible before submitting a picture.

From there, you should be able to use Apple Pay as a form of payment for MoonPay. The process of verification is one that is necessary to ensure safety, but the path of using it for MoonPay is super easy afterward.

How to Buy Crypto with PayPal?

The hot question is, “Does MoonPay accept PayPal?” As of right now, MoonPay does not offer payment from PayPal. The good news is that there are other ways to purchase cryptocurrency through the PayPal service.

That said, there really are not a ton of options for buying crypto with PayPal. Without a doubt, the best method for doing so is through eToro. It is a social trading platform which also offers financial services, allowing users to deposit into PayPal.

There is also the Coinbase option, which is perhaps the simplest cryptocurrency exchange to use. It has since added PayPal as a payment method, which allows users to connect things like bank accounts and debit cards in order to buy on Coinbase.

Finally, it is easy to buy Bitcoin through PayPal because of how huge Bitcoin has become. PayPal even makes it super easy to buy, having an option to click right on the main banner to start the process of buying.

Is MoonPay Safe to Use?

Without a doubt, the most important thing about any aspect of cryptocurrency is whether or not it is safe. The good thing about MoonPay is that it is not only quite safe and secure, but it is also considered to be one of the most trusted cryptocurrency exchanges out there, facilitating the processing of digital coin transactions simply and easily.

It doesn’t matter whether you are buying or selling crypto assets. Everything can be done easily. MoonPay’s advanced features allow for things like escrow services, recurring payments, and so much more.

They are safe due to the AES-256 encryption method. This meets the industry standards when it comes to protecting against potential hacking attacks. Each of their data centers also complies with the PCI DSS and ISO 27001 standards. Those are two of the most important pieces of information security equipment that are most commonly found within the cryptocurrency environment.

It is not only a secure but private way to empower users, giving them the most seamless payment structure for all of their cryptocurrency needs. Users don’t have to worry about any of their private information being intercepted by outsiders during the process of converting from fiat currencies to cryptocurrencies, using different payment methods as well.

It can be reassuring that the company has taken to meeting industry standard measures when it comes to safety. This is so customers can not only have an easy time throughout the platform but also have the peace of mind of knowing that their transactions and information are safe. Enhanced data security is of the utmost importance within the cryptocurrency space and a must-have for services like MoonPay.

There are also a ton of reviews out there—about 40,000 or so—with a more than 70% approval rate. A whopping 80% have rated it as above average, which means a largely enjoyable experience.

Conclusion

MoonPay has managed to carve out a niche within the payment services realm of cryptocurrency. By offering users the potential to purchase digital assets with fiat currency, it gives flexibility to the users who may not have been there before.

With such a well-known launch backed by huge celebrities, it came to market with a lot of momentum. It has become a popular service because it is convenient for anyone, including retail investors. With more than 10 million active users, the reach is already there for MoonPay.

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