In an interview, Moonpay’s founder named this platform the “Paypal of the Crypto World” and the fastest and simple way to buy and sell crypto. However, data shows that Moonpay is far from quick and easy has 7.5 times more ratings on the Trustpilot reviews than its competitor Coinbase. But, as the Crypto world is filled with many ups and downs, users don’t feel good to trust a new exchange.
Therefore, they have many questions on their mind regarding the MoonPay. That’s why we are here with this article to help you understand more about this exchange so that this exchange gains your trust. So, if you want to know about this platform, make sure to be with us until the end.
What is MoonPay?
MoonPay is a cryptocurrency platform that lets users buy and sell crypto assets for fiat currency, or we say it focuses on building a blockchain-based payment infrastructure. In addition, it will allow you to purchase cryptocurrency, much like you would buy something in an online store.
This crypto exchange is now supported by residents of more than 150 countries around the globe. Well, this exchange is relatively a newcomer in the crypto space founded back in 2018. You can use your traditional payment methods to buy or sell your cryptocurrencies, such as credit cards, bank transfers, mobile wallets, etc. However, currently, MoonPay has around seven million-plus customers as per the latest report from the officials.
Also Read- Best Cryptocurrency Apps For Android
Is MoonPay Safe To Use?
Yes, this crypto exchange is one hundred percent safe to use, and there is no harm to your privacy using this platform as it uses AES-256 block-level encryption method along with the PCI DSS and ISO27001 compliant data centers, which can protect your data and secure it from the rest of the world.
Also, many users think that this exchange is a scam, then let me clear that it is an authorized and secured platform and already trusted by many platforms such as GPay, Apple Pay, etc.
Is MoonPay Legit?
So, as we have already stated, MoonPay is one of the trusted and secured crypto exchanges in today’s market. Also, it has 7.5 times more ratings on the Trustpilot reviews than Coinbase, which is pretty awesome.
In Trustpilot, the MoonPay has around 43,000 reviews, out of which 75% are positive. However, these numbers say all, and there are no such reports or incidents that say that MoonPay is a scam. So, you can trust this platform as it is legit.
Is MoonPay Secure?
Buying the cryptocurrencies from the MoonPay is safe and easy as the transaction is encrypted using the industry-level AES-256 method. Also, your card details should not be stored or exposed to anyone in any instance. Therefore, you do not need to worry about the security of your transaction data and privacy.
Now, we are here with our last segment. So, if you ask for our recommendation, we will surely recommend you use the MoonPay as it is safe, reliable, and secure to use. Also, the UI is very simple; anyone can make an account and start trading in this endless crypto world.
So, that’s all from our side on the detailed review of MoonPay. We hope that this guide has helped you. For further information, comment below.