MoonPay Security (2024)

Security and privacy are top priorities at MoonPay. We put our customers and partners safety first while emphasizing user ownership.

MoonPay Security (1)

MoonPay Security (2)MoonPay Security (3)MoonPay Security (4)MoonPay Security (5)MoonPay Security (6)

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Custody

MoonPay remains a non-custodial agent in all customer dealings. MoonPay does not custody any customer funds purchased on the platform and transfers assets directory to/from customer directed wallets. Most transactions are completed without access to a customer’s wallet. If the customer does not already have a wallet, a wallet may be created for them on the MoonPay platform, but the keys are only accessible to the user and escrowed away from all MoonPay employees.

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Payment & Customer Data

All data sent to or from MoonPay's infrastructure is encrypted in transit using Transport Layer Security (TLS) version 1.2 or later. All MoonPay data is encrypted at rest using AES-256 block-level storage encryption and stored in ISO27001 and PCI DSS compliant data centers.MoonPay is compliant to the General Data Protection Regulation (GDPR), ensuring that all customer and employee personal information is treated with the highest level of security and in a lawful manner.All payment information is processed and stored following the strict Payment Card Industry Data Security Standards (PCI DSS).

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Secure Development

MoonPay employs processes and tooling to continuously deliver secure software to our cloud infrastructure and applications. All code changes go through a code review process and are subject to static application security testing (SAST) to detect insecure code patterns. All dependencies are automatically updated and MoonPay's security team works hand in hand with engineering teams to provide assistance during the different stages of the software development lifecycle (SDLC).MoonPay engineers participate in regular security training to educate about common vulnerabilities and secure development practices.

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Internal Security

MoonPay employees are required to use company-provided devices that are managed through a mobile device management solution. This allows our security and IT teams to enforce security policies, deploy other endpoint protection solutions and manage devices remotely.All employees are enforced to use Single Sign-On, and Multi-Factor Authentication to access third party applications and services.Employees are subject to background checks prior to employment and receive training on security guidelines. Employees are held to stringent security standards and interface regularly with the Security team.

Bug Bounty Program

As part of our commitment to security, we welcome vulnerability submissions through our bug bounty program on HackerOne. MoonPay strongly believes in the value of collaborating with the security community to continuously test and improve the security of our platform.If you have discovered a vulnerability on MoonPay, we encourage you to report it through our bug bounty program at hackerone.com/moonpay.

Report here

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Protecting yourself from fraud

Learn about how you can protect yourself from Fraud.

More info

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Partners

For enterprise collaborations, please view our Trust Report for details on our certifications and security program.

View Trust Center

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MoonPay Security (2024)

FAQs

Why is MoonPay asking for my Social security number? ›

At MoonPay, we are required to complete your identity verification to follow the Know Your Customer (KYC) laws. KYC is a multi-step verification process that confirms the identity of customers, which helps prevent the creation and use of fraudulent accounts.

Is it safe to give SSN to MoonPay? ›

MoonPay will never sell or rent your personal information to third parties without your explicit consent. We will only share your personal information with the following types of third parties: Identity verification services to prevent fraud.

Why is my transaction verification failed on MoonPay? ›

Usually, this happens because of payment or account issues. If your bank says, "Your transaction has been declined", contact your bank for help. The drop may happen if there are card details, verification, address, or suspicious activity issues.

Why is MoonPay taking so long to verify? ›

We verify accounts to keep everyone safe when using MoonPay Here's what to know about the time it usually takes: We can often process documents automatically, which only takes a few minutes. But sometimes, we'll need to review documents manually. And this may take longer — potentially a few business days.

What is the MoonPay controversy? ›

In December 2022, MoonPay and Yuga Labs were sued in a class-action lawsuit alleging that Yuga Labs, Bored Apes, and MoonPay had "artificially inflated the price of [Yuga Labs'] digital offerings by using celebrity insiders, who promoted the NFTs without disclosing their financial relationships to the firm." MoonPay ...

Why is MoonPay asking for proof of income? ›

In order to ensure an appropriate trading experience for all MoonPay customers, we're sometimes required to ask for additional information on the source of customers' funds or how they are generated.

Is MoonPay legal in the US? ›

MoonPay USA LLC is licensed by the Nevada Department of Business and Industry as a money transmitter.

What are the cons of MoonPay? ›

MoonPay's greatest drawback are transaction fees. You pay trading fees and variable network fees, and MoonPay is significantly more expensive than crypto exchanges like Coinbase and FTX.US. Paying 4.5% on card payments is incredibly steep. And MoonPay charges dynamic network fees on BTC, ETH, and ERC20 tokens.

Why does MoonPay require verification? ›

At MoonPay, your transaction security is our top priority. To protect your funds, we'll sometimes need to verify that you own the card you're using. If we ever need to verify your card, we'll email you.

Is MoonPay legit? ›

Is it safe to use MoonPay to buy and sell crypto? Keeping our customers safe is a top priority at MoonPay. We use strong security measures for your personal details and transactions and have satisfied over 30,000 TrustPilot customers and 250+ cryptocurrency services who trust our services.

Why won't MoonPay let me buy Bitcoin? ›

Ensure your payment method is registered and you've correctly completed the verification process. Please refer to the identity verification FAQ page. Try again with a different card (Visa or Mastercard), issued by a different bank. Try again using a different payment processor.

Is MoonPay safe with debit card? ›

Yes, we use 3D Secure to verify card payments, adding extra security to online transactions. It helps to reduce any risk of fraud or disputes in your transaction.

Why does MoonPay need my social security number? ›

Verify Your Identity

If there are issues verifying your identity, you may be asked to provide additional information such as social security number (U.S. users only), photo ID, and take a selfie.

Why is MoonPay making me wait 24 hours? ›

Network and Blockchain Delays

Sometimes a cryptocurrency's blockchain may experience delays. For instance, this can happen if there's a particularly high volume on that network. If this happens, we'll do our best to process your order as quickly as the network allows.

How much is the MoonPay daily limit? ›

Are there limits on how much I can buy online?
LevelRequirementsDaily Maximum Limit
1-Email -Phone Number -Personal Information$50
2-Identity Document -3D Liveness Check or Selfie -Card Verification (by request)$5,000
3-Proof of Address -Source of funds (by request)$10,000 – card payments $50,000 – bank transfers

What is MoonPay and is it safe? ›

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.

How to buy crypto without SSN? ›

  1. Buying Bitcoin with No ID: 7 of Your Exchange Options.
  2. LocalBitcoins: Buy Your Digital Currency Anywhere. ...
  3. BitQuick: Buy Your Digital Currency with Cash. ...
  4. Bitit. ...
  5. Bitcoin ATMs: Do You Have One Near You? ...
  6. Bitcoin (BTC) Exchanges without Verification. ...
  7. ShapeShift. ...
  8. Tutorials: Buy Bitcoin in Less than 20 Minutes.

Does MoonPay report taxes? ›

MoonPay is not responsible for determining whether taxes apply to your Digital Assets transactions or for collecting, reporting, withholding or remitting any taxes arising from any Digital Assets transactions.

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