The trends across the online gambling industry are continually changing, with operators trying to catch up with them the best way they can, offering players the finest experience, and with MoonPay, they are offering more than any player could ever imagine. In a world where cryptocurrencies are trending, this solution allows users to safely and easily purchase crypto using fiat currencies, on the spot, without having to go through lengthy procedures to get a hold of some coins. The fiat-to-crypto provider is incredibly user-friendly, so even if you’ve never used crypto but you’d want to, you can handle the purchasing process without a fuss. What is MoonPay and why use it as your online casino payment method?
About MoonPay
If you’ve ever used crypto, you know that the actual process of purchasing coins can be a bit of a hassle, especially if you were a newbie when you tried to. With MoonPay, regardless of whether you’ve used or never been involved in crypto, this process is as easy as 1, 2, 3. This is an incredibly user-friendly fiat-to-crypto provider that allows you to enjoy crypto without having to go through the exhausting and long process of obtaining some coins. It guides you through every step of the way since it was built upon a payments infrastructure for digital currencies and makes the entire process as effortless and easy as possible.
It was launched by a FinTech company called Moon Pay Limited, in Malta, the crypto and gambling hub, one of the first countries that have embraced cryptocurrencies. Malta’s online gambling authority, MGA, has praised blockchain technology’s potential to benefit the industry, so the two are pretty much intertwined in the country. The country actually is one of the first that showed intentions to lead the world into blockchain regulation and help people get a better understanding of how crypto works and how the technology behind it can improve online payments. So, the company behind this fiat-to-crypto provider was more than equipped with the permissions and knowledge needed to create the solution that offers more than you’d ever imagine.
So, what does the solution do? Well, it offers a platform where you can purchase over 90 crypto coins using over 160 fiat currencies. The platform is incredibly user-friendly and guides you through every step of the way. You can complete the purchase using some of the most popular payment methods across the globe, such as debit/credit cards, bank transfer (in some countries), Apple Pay, Samsung Pay and Google Pay.
Your entire purchasing process would last less than 30 minutes, so it is easily understandable why the minute this solution was launched it created a frenzy. Over 160 countries have started offering it, across more than 250 apps, websites and wallets. Of course, this includes online casinos. Many online casino operators have started offering it and a massive player base has started using it for deposits and withdrawals. Stay with us to find out how it works and how to use it yourself.
Getting Started with the Solution
We mentioned several times that the solution is incredibly user-friendly, with guidelines that could facilitate the fiat-to-crypto purchase to all users, even those that have never used crypto. So, as long as you go through the step-by-step instructions as described on its official website, you’ll get to complete the entire procedure in less than 30 minutes.
As you’ll see, you’ll first need to purchase your first crypto with it and your account will be automatically generated. To do that, go to its official website and choose one of the partnered wallet apps or visit the page buy.moonpay.com and purchase the crypto right there on the spot. Then, select the crypto you’d like to buy, the amount you’d want to have and the fiat currency you’d want to use to complete the purchase. Enter the wallet address and you’ll receive a 4-digit code on your email to verify the address.
Accept the T&C, verify your identity by entering your full name, residential address and date of birth, upload an ID, and wait for the order confirmation. In addition, on your email you’ll receive a link to a tracker, so you can get an insight on the order, and in less than 30 minutes, the crypto you wanted to buy will arrive on your wallet. With that, your MoonPayaccount will be ready, so you can start using it at the best online casinos right away.
Depositing and Withdrawing
You should know right away that MoonPay is getting accepted across many Canadian online casinos, so you won’t lack choices. One of the first that embraced it was Bitcasino.io, offering players detailed instructions on how to make deposits and withdrawals with it without a big fuss. Regardless of the site you decide to go with, you will see that the process will go smoothly. Just join a casino that accepts it and register an account with it.
To make a deposit using MoonPay, you’d need to use a debit/credit card or Apple Pay to add a digital currency on your online casino balance. Just go through the following steps:
- Head over to the casino’s Deposit/Banking/Cashier page.
- Select the option “Purchase crypto with MoonPay”.
- Specify how much you’d like to deposit on your balance and you’ll get the exchange rate.
- Copy the address in the “Send your crypto deposit to” section, in the top right corner.
- Enter that address in the “Wallet Address” section in the MoonPay frame.
- The crypto will arrive there in less than 30 minutes.
- Copy the 4-digit code you received on your email and paste it into the “Verification code” field.
- Enter the needed personal and ID details, and your payment method info.
- Confirm the transaction and watch the coins arrive on your online casino balance in real-time.
Withdrawals are not instant but delivered in up to 48 hours, which is not bad at all. You still won’t need to wait for weeks to get your winnings. Just go through the withdrawal procedure, which is pretty much similar to the depositing one, only this time you’ll be entering your address in the designated fields and requesting a payment yourself. As soon as the casino approves it, within 48 hours wait for the coins to arrive on your MoonPay account.
Applicable Fees
Fees do apply when using MoonPay and we cannot sugarcoat this. These fees depend on the crypto you’re purchasing and the methods you’re using to complete the transaction. When users are buying or selling crypto with bank transfers, there’s a dynamic network fee and a 1% processing fee. With cards, in addition to the dynamic network fee, a 4.5% processing fee applies. This dynamic network fee is based on the blockchain network conditions and that’s why it varies.
You should know here that transaction limits apply, as well. You can sell crypto only if you’re holding Bitcoin or Bitcoin Cash. The minimum transaction limit is 0.001 BTC and 0.08 BCH. When it comes to selling, there’s a maximum €10,000 monthly and €2,000 daily limit.
There are also maximum purchase limits, which depend on tiers, and whether you’re a US or a non-US citizen. The tier you’re on depends on the ID documents you provided when you created your account. As a Canadian player, you’re a non-US citizen, so the following are the limits you should be aware of: the monthly limit for tier 3 €50,00, tier 2 €20,000 and €150 for tier 1, daily limits €50,000, €5,000 and €50 for tiers 3, 2 and 1, respectively.
Accepted Currencies
As said, you can purchase over 90 cryptos using over 160 fiat currencies. Canadian dollar is, of course, a viable option, but you have many other mainstream currencies to use, including the US dollar, Australian dollar, South African rand, UK pound, euro, Hong Kong dollar, Czech koruna and Swiss franc, among others.
When it comes to cryptocurrencies you can use, in addition to the already mentioned Bitcoin and Bitcoin Cash, you can use Tether, Dogecoin, Dash, TRON, EOS, XRP, Ethereum and Litecoin, to mention a few.
Coverage
Being a fiat-to-crypto provider, MoonPay is available all across the globe. We mentioned that over 160 countries are offering it, Canada included.
There’s a list of restricted countries, too, including Ecuador, American Samoa, Iceland, Hawaii, US Virgin Islands, Rhode Island, Venezuela, China, Guam, New York, and Northern Mariana Islands, to name a few, but there are 25 more on this list.
Customer Support
Since this is not a crypto itself, but a fiat-to-crypto provider, MoonPay offers Customer Support. You can visit its official website and look for the Support Centre page. Once there, you can submit a message and wait for the team to respond within 24 hours. The team works around the clock, but due to the volume of messages, it will take its time to respond. The agents go over the messages chronologically from oldest to newest, so refrain from sending multiple messages to not get your message way behind.
In case you need help with the depositing/withdrawing process, you can always get in touch with your online casino’s Customer Support. They are usually available via many means, such as Live Chat, phone line and email, so try them, too.
Conclusion
You must admit that MoonPay is a pretty intriguing and interesting solution to use, especially if you’re interested in getting started with crypto but want to avoid the complicated getting started process. It is incredibly easy to use, and as long as you follow the detailed instructions, you’ll be making deposits across many Canadian online casinos in less than 30 minutes. You can use it as a Canadian player, and purchase crypto with it using Canadian dollars. What else could one ask for? So, make sure you give it a try and you’ll see that you’ll love every bit of it!
MoonPay FAQs
Sure. To move up the tiers, you’d need to provide additional documents to the ones you provided when you created your account. You’d need to place a purchase order then, and wait for the response from the team, to allow you to complete the transaction.
The solution implements top-notch security measures for data processing, storage and collection, as well as for preventing disclosure, unauthorized access, destruction or alteration of stored data and sensitive details.
In fact, no. At the moment of writing, the company behind MoonPay has partnered with Europe and UK banks, to receive SEPA and GBP payments, even though it works on adding more banks to users for other regions. So, as a Canadian player, this is not an option for you yet.
Among the over 250 apps, websites and wallets, you can use Bitcoin.org, Changelly, Bithumb, Bitcoin Wallet, Bequant, Binance DEX, Bitcoin.com, and Trust Wallet.
No, not really. As explained previously, you can only submit your message using the on-site contact form and wait for the Customer Support team to draft a response for you, within 24 hours. No line is available.
