MoonPay Launches Easy Crypto Spending Solution

This new tool allows users to hold and spend money in traditional currencies. For example: Euros and British pounds, while using their crypto wallets.

This is a big step in making cryptocurrency easier to use, especially for those who want to spend their crypto the same way they would use a regular bank account.

MoonPay Supports Self-Custodial Wallets with No Fees for Transactions

MoonPay Balance works with self-custodial wallets , meaning the users control their crypto instead of relying on a third party. Popular wallets like MetaMask, Phantom, and Bitcoin.com are all supported by MoonPay Balance. For now, the new service is available in the United Kingdom and many countries in Europe, but the company plans to expand to the U.S. soon. MoonPay’s goal is to make it easier for people to access and use both traditional money and crypto in one place.

At launch, users can deposit and withdraw funds using various methods, including SEPA payments, Faster Payments, and Open Banking payments. So, MoonPay won’t charge any fees for depositing, withdrawing, buying, or selling. However, their partners may charge fees for specific services. While users can’t add crypto directly to their MoonPay Balance , they can easily exchange it for traditional currency first.

Welcome to a new era of financial freedom with MoonPay Balance!

🎉 99% success rates
✌️ No MoonPay fees
💨 Faster trades
🌍 Live today in UK + EU
🇺🇸 Coming to America in December

Available now on @phantom @Uniswap @BitcoinCom !

Your fiat. Your crypto. Together. pic.twitter.com/J54cLekP1a

— MoonPay 🟣 (@moonpay) November 13, 2024

MoonPay has big plans for the future. According to Ivan Soto-Wright, MoonPay’s CEO, they want to make non-custodial crypto wallets the new “go-to” for handling money. This would mean that in the future, users could treat their crypto wallets just like bank accounts. As the world of cryptos grows, tools like MoonPay Balance are helping people manage their digital and traditional currencies with ease, all in one place.

On-ramping into crypto is fairly quick and easy these days, but behind the scenes, there’s a LOT that goes on to make it both simple and safe for you.

Here’s how @moonpay is helping make MetaMask not only easier to use, but more secure as well: https://t.co/bS0n0AJIVt

— MetaMask 🦊🫰 (@MetaMask) November 14, 2024

This new step makes it clear that crypto isn’t just for holding or trading anymore. It’s quickly becoming a way to spend and manage money day-to-day. MoonPay’s move is a big leap toward making crypto more practical for everyone, whether you’re a seasoned investor or just getting started.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.