BitPay + MoonPay Integration: Pay No Fees on First Time Buys | BitPay (2024)

FAQs

Does BitPay use MoonPay? ›

BitPay Partners with MoonPay to Give You a Fast, Secure & Easy Way to Sell Your Crypto. Starting today, you can now sell Bitcoin and other popular cryptocurrencies in the BitPay app via MoonPay. It's never been easier to cash out your crypto into your bank account or your existing debit card.

Start with little as $50 and buy up to $150,000 per day. To better understand how much crypto you can buy, please check default daily limit details provided by Simplex and Wyre. Which cryptocurrencies can I buy with BitPay? BitPay supports Bitcoin, major altcoins, tokens and stablecoins.

Just start by selling your preferred cryptocurrency for as little as $30 in value on MoonPay. Enjoy selling crypto with transaction fees as low as 1% for bank transfers and 4.5% for VISA cards.

This error means that the funds available in your wallet are lower than the recommended bitcoin miner fee level for getting a transaction added to the Bitcoin blockchain ("confirmed"). You still have access to your money, but it is not possible with your current settings to send the funds to another bitcoin address.

MoonPay is not available in those countries: Albania, Bahamas, Bangladesh, Barbados, Bolivia, Botswana, Burkina Faso, Cambodia, China, Cuba, Ecuador, Ghana, Iceland, Iran, Jamaica, Mauritius, Mongolia, Morocco, Myanmar, Nicaragua, North Korea, Pakistan, Panama, Senegal, South Sudan, Sudan, Syria, Trinidad and Tobago, ...

MoonPay is a safe crypto payment solution. According to its website, all data is encrypted in transit using AES-256 block-level storage encryption. The company also has a bug bounty program that rewards people for discovering weaknesses in MoonPay's security to help them make improvements.

Another option is to use a peer - to - peer marketplace , such as LocalBitcoins , where you can directly buy Bitcoin from other individuals without any intermediary fees . Additionally , you can save on fees by using bank transfers instead of credit or debit cards , as they often have lower fees .

Like its stock-trading platform, Robinhood charges no fees for Bitcoin trades. Other online brokers that offer access to Bitcoin or other cryptocurrencies include Webull, TradeStation and Fidelity.

BitPay's payment processing service for merchants has a simple pricing plan - just a 1-2% + 25¢ per transaction. This fee is assessed on each paid invoice. Fees are debited from your ledger. Please see BitPay's pricing page for more information about our pricing.

Breakdown of MoonPay fees

Minimum of €3.99/£3.99/$3.99 or the currency equivalent.

Why is MoonPay so expensive? ›

MoonPay also charges dynamic network fees that depend on blockchain conditions. This is the same process other exchanges use, and during periods of congestion, network fees can get pretty high, especially for cryptos like Bitcoin and ETH. You see the network fees before executing a trade.

When buying crypto using MoonPay, there are minimum and maximum order amounts. Minimum Order Amounts: Most supported cryptocurrencies have a minimum order amount of $15.00 USD or equivalent in most local currencies. ETH, USDC, USDT, and DAI have variable minimum order amounts based on market conditions.

For now, though, we've implemented a hold period of up to 3 days for card orders and 7 days for ACH and Open Banking deposits and orders, which are designed to protect you, your funds and our funds from fraud. It's a common practice in the digital asset space, but one that makes security a top priority.

Each transfer made into your Passive Rewards Account is subject to a 7-day holding period, so if you have recently made a deposit, the funds can only be withdrawn after 7 days have passed. Withdrawal availability and unbonding periods for Staking Rewards Account are determined by the protocol.

The "insufficient funds" error

In other words, what you are trying to buy costs more than what you have in your bank account. Solution: Refill the funds on your bank account in order to fix this error.

Use a card, Apple Pay, Google Pay or PayPal to buy crypto fast. We also accept bank transfers and wires in applicable jurisdictions.