the benefits of using MoonPay at Online Casino and how to buy cryptocurrency with a credit card explained!

MoonPay is a payment service that allows you to deposit to online casinos with cryptocurrency. recently, the number of cryptocurrency casino sites has increased, and it has become popular due to its ability to transfer large sums of money and high anonymity.

however, for players who have never owned cryptocurrencies such as Bitcoin, it can be difficult to purchase and prepare cryptocurrency, so we recommend MoonPay, which allows you to easily purchase and deposit cryptocurrency with a credit card.

• overview of MoonPay and the advantages and disadvantages of using it
• how to use MoonPay at online casinos
• online casinos that accept MoonPay

and more, we’ll explain MoonPay in detail on this page, so if you’re interested in playing online casinos with cryptocurrency in the future, this is a good place to start.

what is MoonPay?

MoonPay is a convenient service that allows you to make online payments with cryptocurrencies, allowing you to use cryptocurrencies at casino sites and more. MoonPay has a proprietary system that provides fast and secure transactions.

• service name: MoonPay (MoonPay)
• main Service : Online payment service
• year of launch: 2018
• official site: MoonPay official site

overview of MoonPay: Buy cryptocurrency with a credit card

moonPay works just like a regular credit card, and you can use it to buy or send cryptocurrency while keeping your personal and credit card information secure.

online casinos accept credit card deposits as a payment method, but they are usually credited to your casino site account in fiat currency, such as dollars. however, MoonPay allows you to deposit in cryptocurrencies such as Bitcoin and Ethereum, which means you can buy cryptocurrencies on the casino site.

you can usually buy coins on cryptocurrency exchanges

when you use cryptocurrency on an online casino site, you usually buy it from a local cryptocurrency exchange, such as the following.

• upbit: South Korea’s largest cryptocurrency exchange, accounting for about 60% of the country’s cryptocurrency trading volume as of October 2023
• bithumb: The second largest cryptocurrency exchange in South Korea
• coinone: A medium-sized cryptocurrency exchange, registered as a cryptocurrency business by the Financial Supervisory Service (FSS) like other exchanges

it is a common practice to transfer coins prepared by a cryptocurrency exchange to a casino site through a personal wallet or an overseas cryptocurrency exchange. however, many players may feel that opening an account or purchasing from a cryptocurrency exchange is cumbersome.

overseas cryptocurrency exchanges include Bybit, but depending on the country, it may not be possible to open an account, and even overseas exchanges may restrict transfers to gambling sites, so be careful.

note: MoonPay not available in all countries

moonPay is a global payment service, but it may not be available in all countries.

if your country doesn’t support MoonPay, then when you try to make a deposit, you’ll see a message saying ‘Support for your region is coming soon’ and you won’t be able to make a purchase.

moonPay is currently supported in South Korea, but please note that this may change in the future.

benefits of using MoonPay at online casinos

moonPay is recognized for its ease of use, allowing players who have never owned or purchased cryptocurrency before to make deposits with just a credit card.

easy for beginners to get started with cryptocurrency

buying on cryptocurrency exchanges can be intimidating for many beginners because of the hassles involved in opening an account, providing ID, and more.

however, Moonpay makes it easy to purchase cryptocurrency by simply signing up for the first time on the casino site, and the process is simplified because the money is transferred to the casino site account at the same time as the cryptocurrency purchase.

different types of cryptocurrencies available on Moonpay

moonPay supports more than 80 cryptocurrencies, and you can buy not only major coins like Bitcoin, but also minor coins that are suitable for online casino transfers.

reflect deposits seamlessly

with Moonpay, you can fund your casino account instantly. it depends on the type and amount of cryptocurrency you purchase and deposit, but it usually only takes a few minutes to 10 minutes.

bank wire services like the ones offered by 1XBET are also popular for online casino deposits, but some players complain about the slow speed of the process. Also, with bank wire, withdrawals can only be made via bank wire by default, so if you want to keep your funds anonymous, MoonPay is the way to go.

check out ▶️ for our favorite online casinos with fast withdrawals!

disadvantages of using MoonPay at online casinos

while MoonPay gets good marks for being easy to use, I personally don’t think it’s necessary for players who can open an account at a cryptocurrency exchange to use it.

high fees – 4.5% fee for every cryptocurrency deposit and purchase

the biggest drawback of MoonPay is its high fees, which are 4.5% of your deposit amount every time you buy or send cryptocurrency.

for users who use e-payment services where the fees are basically free, 4.5% can be a lot, especially for high-roller players with large deposits, so it’s cheaper to buy in bulk on a cryptocurrency exchange instead of using MoonPay.

poor cryptocurrency purchase rates

buying cryptocurrency through MoonPay is subject to an exchange rate that differs from the actual exchange rate, which can vary by 5-10% when converting.

as a result, you may end up depositing less than you would on a cryptocurrency exchange. as with the fees, MoonPay doesn’t offer the best value for money, so you may decide that the convenience of buying cryptocurrency at a lower cost is worth the hassle of opening an account with a cryptocurrency exchange yourself.

payment methods are limited to credit cards

currently, users in the UK and EU can buy cryptocurrency via bank transfer on MoonPay, and depending on your country, you may also be able to use Apple Pay or Google Pay.

however, it is basically limited to purchasing and paying for cryptocurrency using credit cards, which can be a disadvantage for users who are reluctant to use credit cards a lot. credit cards are debt, so you should be careful not to max out your credit card too often. there’s also no chance of getting into debt, such as bankruptcy, as a result of gambling, so anxious players shouldn’t feel compelled to use MoonPay.

how to use MoonPay at online casinos

as cryptocurrencies become more widespread, the use of credit cards to purchase them has become a popular option, and MoonPay is one of them. as mentioned in the cons, it can be a bit costly, but it’s a good option for players who want to deposit cryptocurrency directly at the casino site.

how to buy cryptocurrency with a credit card

buying cryptocurrency with a credit card is relatively straightforward. as an example, we’ll explain how to use MoonPay at Stake Casino.

log in to Stake Casino and select Wallet.

on the wallet screen, you’ll see a ‘Buy cryptocurrency’ item, select it and specify the type of cryptocurrency you want to buy and the amount you want to deposit.

when the MoonPay registration screen appears, enter your email address.

next, enter the verification code sent to your email address, your name, date of birth, and the credit card information you’ll use to purchase cryptocurrency. once you’ve done this, you’re ready to buy cryptocurrency.

the first time is the only time you’ll have to enter anything, but the second and subsequent purchases are skipped, so you can use MoonPay seamlessly.

what to look out for when withdrawing from an online casino

since MoonPay is a deposit-only service and doesn’t have any funds management features, you’ll need to specify a separate source and address for withdrawals, such as an international cryptocurrency exchange or personal wallet.

therefore, you should have a private wallet, such as MetaMask, ready to withdraw from the casino site. Just like a regular credit card deposit, you will need to specify a separate sending address for withdrawals.

if you have a private wallet in addition to a cryptocurrency exchange, you’re ready to go

when you withdraw from MoonPay and want to cash out for more, you’ll be using a cryptocurrency exchange by default. if you want to use your withdrawn cryptocurrency to save or make other purchases, such as shopping, you don’t need to go through a cryptocurrency exchange, but you still need to have an exchange account to store your cryptocurrency.

therefore, it’s best to use MoonPay only to streamline deposits and use cryptocurrency exchanges for withdrawals. Also, direct transfers from casino sites and cryptocurrency exchanges may not be available for withdrawals, so we recommend sending money through your personal wallet.

online casinos that accept MoonPay

below we’ve listed some of the most popular online casinos that accept MoonPay. many of these sites specialize in cryptocurrencies, so not only are they easy to send money to, but they also offer bonus promotions, VIP programs, and other perks.

check out ▶︎ to learn more about online casinos’ VIP programs!

please note that MoonPay may not be available in all countries or at all times. for more information, check out each casino’s official site, or if you’re not comfortable with the fees, consider purchasing via a cryptocurrency exchange.

stake Casino｜Gambling site with global recognition

stake Casino is a well-known gambling site centered around sports betting and accepts cryptocurrency purchases and deposits using MoonPay.

stake Casino’s VIP program is also noteworthy, with a variety of bonuses available as you move up the VIP ranks. cryptocurrencies are also supported with multi-wallet support, so you can deposit multiple cryptocurrencies with MoonPay.

bitcasino｜Cryptocurrency Casino Site Representative

bitcasino is a casino site with many affiliated sites and a long history of operation. it has a strong reputation in the industry and offers cryptocurrency purchases using MoonPay.

the cashback offer with no wagering requirements is one of the best bonuses to consider, and there are also bonuses available for moving up the ranks in the loyalty program.

1xBit｜Huge Deposit Bonus!

1xBit is a casino site that specializes in cryptocurrencies, and besides the online casino, the bookmaker (sports betting) is also popular.

it supports MoonPay and has an attractive welcome bonus of up to 7 BTC, so high rollers with deep pockets can go after the big prizes.