Is MoonPay Safe And Legit?
Are you wondering what MoonPay is? This fin-tech startup powers fiat-to-crypto payments. It’s backed by celebrities and has raised $86.7 million. It offers a concierge service and a safe platform to conduct transactions with cryptocurrency. But how can you use MoonPay? Here are some tips to get you started.
It has raised $86.7 million from celebrities
They have been attracting investment from a wide range of celebrities. They include Matthew McConaughey, Gwyneth Paltrow, and Justin Bieber. The company also recently announced that Ashton Kutcher and Brie Larson are partnering. They have raised a total of $86.7 million in funding and continue to raise more in the years to come.
The company uses market benchmarks to determine how much an asset is worth. In some cases, celebrity customers pay prices that are significantly higher than the asking price.
These prices are based on the celebrity’s personal opinions and may be higher than the asking price in the general market. That said, they have raised more than $86.7 million in venture funding from celebrities to continue its mission of bringing the power of cryptocurrency to the masses.
MoonPay’s recent Series A funding round included more than 50 high-profile investors. Some investors are Blond:ish, Matt Damon, Post Malone, Lil Durk, Maria Sharapova, Paul George, and Matthew McConaughey. Other notable investors included Jay Z’s Marcy Venture Partners, Stacey Bendet, and Scooter Braun.
It is a cryptocurrency payment network utilized by celebrities and musicians. It handles both web3 and blockchain transactions. It has seven million members, and if you’re asking, “is MoonPay safe?” you’ll be glad to know that they also recently hired James Fries. He is a former Treasury Department official responsible for anti-money laundering, which has made many clients happy about their safety.
It is turning its attention to building a concierge service for high-profile individuals. The company hired two new members to its concierge team in February, one of whom was previously at Meta.
The other person, Justin Johnson, is an ex-leader of creator partnerships at Meta. Together, they have more than six years of experience in the industry.
The concierge service isn’t a profit-driven business but instead aims to bring celebrities into the cryptocurrency world. Despite its modest start, the service has already been instrumental in the increasing number of celebrities who own NFTs, including Post Malone and Jimmy Fallon. While the company may still be in the early stages of development, this new feature is helping to build the company’s brand, as they have secured investments from Tiger Global Management and Coatue.
MoonPay is a cryptocurrency payment service that helps users buy, sell, and manage their digital assets, a fintech innovator powering global crypto payments, trusted by 300+ industry leaders in 160+ countries. The company has been quietly rolling out a concierge service, it Concierge, that allows celebrities to get involved with NFTs without having to deal with the hassles of crypto wallets.
It believes that buying NFTs should be as simple and hassle-free as possible. In addition to celebrities, it also has celebrity connections. Its latest funding round included nearly $87 million from actors, musicians, and other prominent figures. Some stars who invested in the startup include Justin Bieber, Bruce Willis, Paris Hilton, and Matthew McConaughey.
It has a safe platform
MoonPay provides a safe and secure platform for its customers to buy and sell crypto. It offers a range of safety features to ensure the safety of your financial transactions. For example, if your transaction fails due to a failure to receive funds from your bank or card scheme, it will reimburse you within a few days.
Once you have verified your identity, you can proceed to purchase cryptocurrency using it. The process involves a selfie and a few details about your credit card and wallet address. The transaction can take a few minutes. You can follow the transaction status and view your order details on the website. You can also manage your payment methods by clicking on the menu icon in the MoonPay app.
The safety of your transactions is of utmost importance. MoonPay is secure, which is why it has a 4.2 Trustpilot rating. However, you should make sure to double-check your wallet address and contact support immediately if you suspect your account has been compromised. It also recommends using a reliable cryptocurrency wallet to store your crypto.
This is especially important if you plan on keeping large amounts of crypto on an exchange.
It uses industry-standard security measures to keep its platform secure. Besides utilizing TLS 1.2 encryption, the platform is highly protected against cyber-attacks. It is also PCI-DSS compliant and ISO27001-certified.
MoonPay accepts several different types of payments, including credit cards. Credit card transactions may have an additional fee, however. New users must complete a KYC process. Once approved, they can start accepting payments. It also allows customers to use Bitcoin and other cryptocurrencies.
However, it is important to remember that you will need to have an active Bitcoin wallet before you can start using the service. Most major credit cards and debit cards are accepted by MoonPay. Additionally, you can use Apple Pay, Google Pay, Samsung Pay, and SEPA for payments.
However, be aware that certain issuing banks may have terms that limit the amount of credit you can use on the service. In addition, some countries restrict the amount of money you can spend with a particular card. OpenSea has also partnered with MoonPay to offer debit card payments for NFTs.
This new option will open the door to investors who don’t want to use cryptocurrency (https://www.oswego.edu/cts/basics-about-cryptocurrency). MoonPay accepts several major credit cards, including Visa and MasterCard. In addition, it works with Apple Pay and Google Pay, and works with all sales and transactions on the OpenSea platform.
In addition to cryptocurrencies, MoonPay also supports many other payment types. Besides Bitcoin, MoonPay accepts numerous credit cards, PayPal, and bank transfers. In addition, it offers concierge services for wealthy clients. Additionally, it offers services in areas where traditional banking services are not available.