Moon Coin: A Guide To Investing In The Lunar Cryptocurrency

r/Cryptocurrency Moons (MOON) is a digital currency used on the social media site Reddit to reward users for their contributions to the site. Introduced in May 2020, MOON tokens are traded on various decentralised exchanges like Kraken and SushiSwap. The first step to buying MOON is to create a digital wallet, and then find a reliable exchange. One of the easiest ways to trade MOON is to find a reliable centralised exchange, similar to Binance, where you can buy the coin.

Where to buy Moon Coin

Mooncoin (MOON) is a peer-to-peer (P2P) cryptocurrency that can be traded between any two parties holding the tokens in a private wallet. Mooncoin is not available on Coinbase. However, there are several other platforms where you can buy, sell, or trade it.

You can buy Moon Coin from several exchanges, including:

• CCEX
• Cryptopia
• Bleutrade
• Novaexchange

Moon Coin can be purchased using fiat currencies like USD, CAD, INR, EUR, and GBP, or with cryptocurrencies like BTC, ETH, LTC, XMR, NEO, and others.

Binance

Binance is another popular platform for buying Moon Coin. It offers a 3-step, hassle-free process for buying MOON or other crypto assets. Binance is also known for its strong security measures and 24/7 customer support.

BitDegree

BitDegree allows you to buy Moon Coin instantly using a credit or debit card. This platform emphasizes speed, security, and simplicity, with instant confirmation and minimal registration and KYC verification.

Moon Cards

Moon Cards are virtual cards denominated in USD that can be purchased with various cryptocurrencies, including Bitcoin, Tether, and Ether. These cards can be used for online purchases at any merchant that accepts Visa cards. Moon shields your personal information and encrypts all data.

How to buy Moon Coin with a credit card

Step 1: Sign Up for MoonPay

To buy Moon Coin with a credit card, you will first need to sign up for a MoonPay account. MoonPay is a decentralised crypto on-ramp and off-ramp that is available in over 180 countries. To create a Moon account, you need to provide an email address and a password.

Step 2: Click the 'Buy Now' Button

Once you have signed up for MoonPay, you can start the process of buying Moon Coin. Click the "Buy MoonCoin Now" button, and you will be taken to the checkout page.

Step 3: Fill in the Fields

At the checkout, select the cryptocurrency you want to purchase (in this case, Moon Coin). Then, select the fiat currency you will be paying in, and specify the amount of crypto you want to buy. Finally, fill in your Moon Coin wallet address.

Step 4: Proceed to Checkout

Go to the checkout and fill in your billing details, making sure to double-check your information. You can buy Moon Coin with VISA or Mastercard. The card payment is processed with zero fraud risk.

Step 5: Receive Your Moon Coin

Once you have completed the steps above, wait for the Moon Coin to appear in your crypto wallet. Remember, filling in your crypto wallet address correctly is very important!

Benefits of Buying Moon Coin With a Credit Card

Buying Moon Coin with a credit card is a simple and effective way to purchase new-generation alternative assets. It is a fast and risk-free process that offers instant confirmation and minimal registration and KYC verification.

Additionally, 73% of millionaires have already invested or plan to invest in cryptocurrencies by 2026, and Moon Coin could be among them. Altcoins like Moon Coin are usually very volatile, meaning their price fluctuates heavily, and it is possible to make a good profit while trading them.

Finally, buying Moon Coin with a credit card gives you the benefit of private and anonymous transactions, as no middlemen are involved. This ensures that your personal information remains confidential.

How to set up a Moon Coin wallet

Setting up a Moon Coin wallet is a straightforward process. Here is a step-by-step guide on how to do it:

Choose the Type of Wallet

First, you need to decide on the type of crypto wallet that suits your needs. The two main types are custodial and non-custodial wallets. A custodial wallet is similar to a bank, where a third party, like Binance or Coinbase, secures your funds. This option is beginner-friendly, and you don't need to worry about losing your private keys. However, there is a risk of hacks or the third party preventing access to your funds. On the other hand, a non-custodial wallet gives you total control over your funds. You act as your own bank, keeping your crypto under your personal lock and key. While this option offers greater control and ease of access, you must take full responsibility for your private keys and wallet information.

Select a Platform

Once you've decided on the type of wallet, it's time to choose a platform. For a custodial wallet, you can opt for popular crypto exchanges like Binance or Coinbase. If you prefer a non-custodial wallet, Ledger, Trust Wallet, or Exodus are well-known options. Consider factors such as security, ease of use, and compliance with regulations when selecting a platform.

Create Your Account

After choosing your platform, create your account by providing your personal information and setting a secure password. It is highly recommended to enable two-factor authentication (2FA) for added security.

Buy or Transfer Crypto

Now, you can start building your crypto portfolio. Most platforms allow you to buy crypto using a bank account or credit card. If you already own crypto, you can transfer it to your new wallet for safekeeping.

Manage Your Wallets

With MoonPay, for example, you can easily manage all your crypto assets in one place, whether held on MoonPay or in external wallets. Log in to your MoonPay account and go to the Wallets page to view all your assets.

Remember, when choosing a wallet and platform, always consider your investor profile and risk appetite. Additionally, ensure you understand the wallet provider's terms and conditions to know the protections available for your funds.

How to send and receive Moon Coin

Moon Coin is a decentralised, open-source cryptocurrency that allows users to send and receive money without a central bank or financial institution. It can be purchased on major exchanges like Bittrex, and sent to another account using their public address or QR code.

How to Send Moon Coin

To send Moon Coin, you will need to have purchased it first on a platform such as Bittrex, Coinbase, or Poloniex. Once you have made your purchase, you can then send your coins to another account. Here is a step-by-step guide:

• Log in to your exchange account (e.g. Bittrex, Coinbase, or Poloniex).
• Find and select the Moon Coin wallet you want to send from.
• Click the send icon.
• Enter the amount you wish to send and the recipient's wallet address.
• Review the transaction details and confirm.
• Check network fees and ensure you have enough to cover them.

How to Receive Moon Coin

To receive Moon Coin, you will need to have a cryptocurrency wallet that supports Moon Coin, such as the official Moon Chain wallet. Here is a step-by-step guide:

• Create an account on a Moon Coin exchange, such as Bittrex.
• Purchase Moon Coin using fiat currency (USD, EUR, etc.).
• Log in to your Moon Coin wallet.
• Locate your wallet address, usually found by clicking on the account settings or receiving options.
• Copy the wallet address and share it with the sender.
• The sender can then input this address to send you the coins.

How to sell Moon Coin

Moon Coin (MOON) is a peer-to-peer cryptocurrency that can be traded. If you want to sell your Moon Coin, there are multiple ways to do so. One of the most popular ways is to exchange it for gift cards and discounts from various vendors. You can also sell your Moon Coin and get cash sent directly to your door, or receive your chosen currency in your bank account.

If you want to sell your Moon Coin for another cryptocurrency, you can do so on a cryptocurrency exchange. Binance is a good option for this, as it provides a 3-step hassle-free process for buying and selling crypto. It also takes security very seriously, and has a 24/7 customer support team.

Another option for selling your Moon Coin is through a decentralised exchange (DEX) that supports the blockchain where your Moon Coin resides. For example, if you use the Trust Wallet wallet, you can go to Pancake Swap to make the transaction.

• Download a Trust Wallet. You can do this via Google Chrome or via a mobile app if you prefer to use your phone.
• Set up your Trust Wallet via the wallet's Google Chrome extension or mobile app. Make sure to keep your seed phrase safe and take note of your wallet address.
• Buy BNB as your base currency. You can do this by logging in to your Binance account and going to the Binance Crypto webpage.
• Send BNB from Binance to your crypto wallet. Go to your Binance wallet section, find the BNB you purchased, click on withdraw and fill in the required information. Set the network to BNB Chain, provide your wallet address and the amount you want to transfer, then click withdraw.
• Choose a decentralised exchange (DEX) that supports your chosen wallet. For example, if you use Trust Wallet, you can use Pancake Swap.
• Connect your crypto wallet to the DEX by using your wallet address.
• Trade your BNB for the coin you want to get. Select your BNB as the payment and select Moon Coin as the coin you want to get rid of.
• If Moon Coin doesn't appear, find its smart contract. You can refer to bscscan.com to find the smart contract address, then copy and paste it into Pancake Swap.
• Click the Swap button.

Frequently asked questions