MoonPay Launches 'MoonPay Balance' for Instant, Free Crypto Purchases

MoonPay introduced "MoonPay Balance," a fiat balance feature allowing users to top up accounts and make zero-fee purchases of more than 50 cryptocurrencies.

The Deets

Instant Purchases: MoonPay Balance offers instant, zero-fee crypto purchases with high approval rates
Multiple Payment Methods: Users can fund accounts with options like SEPA, Faster Payments, and Open Banking
Sell and Withdraw: Crypto can be sold back to MoonPay Balance or withdrawn anytime
UK & EU Availability: Currently available in the UK and EU (excluding Germany), with expansion plans underway

The Bulk

MoonPay's latest feature, "MoonPay Balance," aims to simplify crypto transactions by allowing users to fund accounts with fiat currency. With a loaded balance, users can instantly buy over 50 different cryptocurrencies with no MoonPay fees.

Users can top up their accounts via various payment methods, including SEPA, Faster Payments, and Open Banking.

In addition to buying crypto, MoonPay Balance allows users to sell assets back into their account or withdraw funds to a bank or supported payment method. The feature is currently available for UK and EU customers (excluding Germany), and MoonPay partners Phantom, Uniswap, and Bitcoin.com will allow for purchase using MoonPay Balance.

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Author Bio

Logan Hitchcock

NFT Analyst

Logan is a content lead at Lucky Trader and is best known for selling every good NFT far too early. He also maintains an irrational exuberance for clay-based NFTs.

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