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How to buy coin/token by fiat via MoonPay on Coin98 

12/01/22
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From Coin98 Super App V11.1 and Coin98 Extension V5.8.1, we add MoonPay to support you buying crypto directly via Coin98 by card payment. This blog will provide you with a detailed guide on how to make a transaction via this new feature and also address some of the FAQs about it. 

Coin98 is the #1 crypto super-app designed to seamlessly connect a billion users to the crypto world safely and securely. Coin98 offers users a comprehensive and trusted ecosystem of essential services across the globe, including a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign and Others. 

These DeFi tools provide users with an inclusive and frictionless experience which is without leaving the platform.

From Coin98 Super App V11.1 and Coin98 Extension V5.8, the app adds MoonPay to support you buying crypto directly via Coin98 by card payment. This blog will provide you with a detailed guide on how to make a transaction via this new feature and also address some of the FAQs about it. 

What is MoonPay and how does it matter?

MoonPay is a fintech company that builds payments infrastructure for crypto. MoonPay provides a suite of products that provides a seamless experience for converting between fiat currencies and cryptocurrencies using all traditional payment methods including debit and credit cards and local bank transfers. 

The integration with MoonPay eliminates the need for on/off ramping via CEXs to participate in DeFi. In a single app - Coin98, users can actively access DeFi protocols without any additional step via a third - party. Making a transaction via MoonPay on Coin98 enhances users' experience with time-saving &  transparency. The integration together with the existence of a multichain core in Coin98 will definitely open up millions of opportunities for entrants directly accessing the DeFi ecosystem. 

How to buy cryptocurrency via Moonpay on Coin98 Super App?

Download and install Coin98

Before we begin, you need to install or update Coin98 to the latest version:

We recommend you create a Multi-Chain wallet on Coin98 to easily manage and get access to all single blockchain wallets with only one single Passphrase.

When everything is ready, let’s go to buy crypto. 

Buy crypto on Coin98 Super App

Step 1: Open Coin98 Super App and select Buy Crypto.

Note: Copy your wallet address to receive coin/token before selecting the Buy Crypto section.

Step 2: Select the coin/ token and fill in the Amount for purchase. Please note that the fee will depend on the token/coin and network you selected. Click Continue.

Step 3: Fill in the required Wallet address. Make sure you enter a wallet address that is compatible with the cryptocurrency you’re purchasing, and that you alone have control over.

Step 4: Fill in your email to get code verification and your personal information. 

Step 5: Select your payment method and Fill in your credit card information 

Step 6: Click Continue to proceed.

Buy crypto on Coin98 Extension 

These steps are the same as those on the Super App. After opening Coin98 Extension, you can refer to this instruction below:

Step 1: Choose Manage on the home screen, then click to MoonPay.

Step 2: Select your desired crypto, enter the amount and click Continue

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Step 3: Enter your wallet address to receive your coins (The required wallet address will depend on the crypto you want to buy, please read carefully the information). 

Step 4: Input your email and verify by the code sent to your email.

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Step 5: Enter your personal information to confirm the KYC, then fill your card details to complete the transaction. 

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Notes: The new user for the first time making the transaction with Moonpay will be prompted to enter your information and upload personal documents. Moonpay will then verify your identity and approve your transaction, provided you have met the requirements. You can see here for more details.

FAQs when buying crypto via Moonpay on Coin98 

1. What are the supported payment methods?

Customers that are not US residents can use the following payment methods on MoonPay:

  • Credit/debit card (including MasterCard, Visa and Maestro) 
  • Apple Pay
  • Google Pay 
  • SEPA and SEPA Instant (used only for EUR-denominated transactions in SEPA countries) 
  • UK Faster Payments (used only in GBP-denominated transactions in the UK)

US residents can purchase using the following payment methods on MoonPay:

  • Credit/debit card (including MasterCard, Visa and Maestro) 
  • Apple Pay
  • Google Pay 
  • Samsung Pay

2. How long does it take to receive the cryptocurrency?

Please note that your bank may have its own terms of use, and it may choose to decline your transaction.

Orders made via card usually take between a few minutes and a few hours, depending on the number of orders and any additional security checks MoonPay has to conduct. 

Purchase orders made via GBP bank transfer will be sent to your wallet within 1 working day, while purchase orders made via EUR bank transfer can take up to 3 working days to arrive in your wallet.

If your transaction has been stuck on “Verifying your transaction” for a few hours and you haven’t been sent an email asking you to verify your account, please contact the Coin98 team via Live Chat for support.

3. What is the minimum order amount?

The minimum order amount is €30, or the equivalent in your local fiat currency. 

MoonPay might temporarily change the minimum order amount if it's imposed by the liquidity providers when occasioning high volumes. If your order is below the minimum order amount, relevant information will be displayed on the MoonPay widget. 

4. Which cryptocurrencies are supported on Coin98?

AAVE, ADA, ALGO, ATOM, AVAX_CCHAIN, AXS, BCH, BNB_BSC, BTC, BUSD_BSC, CELO, COMP, CUSD, DAI, DOGE, DOT, ETH, ETH_POLYGON, LINK, LTC, LUNA, MATIC, MATIC_POLYGON, NEAR, RUNE, SAND, SHIB, SOL, SRM, TRX, TUSD, USDC, USDT, UST, XRP

And more are coming soon.

5. Which fiat currencies are supported on Coin98?

AUD, BGN, BRL, CAD, CHF, COP, CZK, DKK, DOP, EGP, EUR, GBP, HKD, HRK, IDR, ILS, JOD, JPY, KES, KRW, KWD, LKR, MAD, MXN, MYR, NGN, NOK, NZD, OMR, PEN, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TWD, USD, VND, ZAR

6. What are your bank account details?

MoonPay currently supports bank transfer purchases for residents of the UK and EU only, if you're based outside of Europe, please use a bank card to purchase cryptocurrency. 

About bank transfers, MoonPay will provide the details of our bank account in the final step of your purchase journey. 

Please make sure that:

  • you have sent the transfer from your own bank account
  • you've included the reference number MoonPay gave you
  • you've sent the exact amount for your purchase order (including fees)
  • you've used "Moon Pay Limited" as a beneficiary name

If any of these fields are incorrect, your purchase will be rejected and your bank transfer refunded.

7. Can I use someone else’s card to purchase cryptocurrency?

Using someone else's card to purchase cryptocurrency is not allowed. Please use your own bank card to make the payment. 

8. How much does it cost to buy cryptocurrency with MoonPay?

*MoonPay charges a dynamic network fee on all BTC, ETH and ERC20 tokens purchases. The fee is based on the blockchain network conditions and will be displayed within the widget before you make the payment.

9. Will my payment be treated as a cash advance?

Your bank may charge you an additional fee if they decide to charge your transaction as a cash advance, so please get in touch with them to find this out before you make your purchase.

10. Will my bank charge me for card payment to MoonPay?

Some banks may charge you an additional fee (i.e. International transaction fee) when you place a purchase order with an international vendor, so please get in touch with your bank to find out what fees they may charge before you make your first purchase. 

Conclusion

In conclusion, I have just provided the most detailed information about how to buy crypto currency via Moonpay. What do you guys think about this feature? Please comment below to discuss with Coin98!

If you have any questions or have any problems when making a transaction via Moonpay , please comment below and join the Coin98 Chat group for support! Don't forget to follow the Coin98 section to quickly update all features and learn more tips on how to use Coin98 most effectively!

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