MoonPay is the New Fiat-to-Crypto Provider on ChangeHero
It is once again time to make an exciting announcement about the ChangeHero platform, and it is not an exaggeration. Not only are we thrilled and honored to welcome MoonPay as our integrated partner, but they join the fray as a part of one of the more substantial service updates that ChangeHero has recently delivered. Let us highlight its major features and hopefully, get you on board with our excitement about it!
About MoonPay
MoonPay is the leading provider of cryptocurrency payment infrastructure, including on-ramping and off-ramping from and to fiat currencies with a wide support of most popular payment rails. This is not limited to bank cards and transfers, as is usually the case with most on-ramp providers but includes Apple Pay and Google Pay and popular digital payment apps like PayPal and Venmo.
Based in the USA, the products under the MoonPay brand are licensed under the US laws and regulated in the UK, EU, Canada and Australia—jurisdictions many other services find to be challenging from the compliance standpoint. A total number of countries where MoonPay can be accessed is close to 160, many with local currencies supported.
The part of MoonPay’s suite of solutions integrated in the ChangeHero platform is their fiat-to-crypto-to-fiat ramps but it is not all that they have to offer: they also provide a similarly easy-to-use gateway to NFT ownership and solutions catered to enterprises and institutions. Across those, they have served millions of clients over more than seven years on the market.
What’s New
With the addition of a new payment provider, which brings new payment methods, markets, currencies and options to the table, the entire fiat-crypto layer can use an update. We at the ChangeHero team did not stop at simply including select new features but incorporated them into an overhaul of this layer. And we cannot leave an update so major without a thorough explanation of what has changed and improved, can we?
New Payment Methods: PayPal, GBP Bank Transfer
With the addition of MoonPay as a provider, the ChangeHero platform becomes more accessible with two completely new paths to buying crypto: the first is paying with PayPal and the second is bank transfers for sterling-denominated accounts.
ChangeHero users can now choose PayPal as the payment method at the checkout when buying crypto (with MoonPay as the provider). In that case, you will be able to pay for the purchase with the funds in your PayPal account. As a result, this is a less roundabout and a more economical way to purchase crypto assets than buying crypto in the PayPal app and withdrawing it elsewhere. The best part is you avoid custodial setups altogether, and your crypto is delivered directly to your address.
For those in the United Kingdom specifically, one of the best ways to buy crypto with GBP is now available. Bank transfers have the lowest processing fees when compared to faster payment methods, and with pound sterling support, the conversion overhead is no longer a thing. UK users get the thriftiest deal when using this method, even if at the cost of some speed.
More Assets for Purchase
Thanks to the addition of MoonPay, the list of cryptocurrencies available for purchase increases to 150–170 (varies by availability on the provider’s end). The new provider alone brings nearly 80 new coins and tokens, nearly doubling the number of crypto assets that you can buy on ChangeHero.
Thus, even fewer tokens would need you to buy a more liquid cryptocurrency first then to be swapped, inevitably stacking the fees and spreads in the process. This is exactly the case when fewer steps means less costs, not to mention the effort.
Save on Fees with Mercuryo Boost and MoonPay Balance
Do you like discounts and special offers? Then you will appreciate these updates as well. The new version of the fiat layer makes it possible for ChangeHero users to avail of partner providers’ loyalty programs that grant benefits for regulars. Please note that these are separate programs from one another and ChangeHero’s affiliate program.
Mercuryo users automatically get access to a cashback program, Mercuryo Boost. The gist is, purchases made through integrations—ChangeHero included—earn you Boost Points, which later can be redeemed for commission discounts or even crypto assets. No extra action is needed: the points start accruing automatically.
MoonPay has another feature that grants you perks, called Balance, which basically acts similarly to a crypto exchange deposit. On ChangeHero, MoonPay Balance can be chosen as a standalone payment method at the order creation step. Purchases made from this pre-funded balance have a higher success rate, shorter processing times, and the best part? MoonPay takes 0% commission (network fees still apply). It is a compromise between self-custody and convenience but one the provider promises to make worth your while.
Simplified Purchase Process
It is not hard to imagine how a new provider, new payment methods and dozen more assets for purchase can make a process that worked before no longer feel as smooth. Which is why, ChangeHero is also updating the on- and off-ramp workflow in this update.
For one, automatic filtering by location and payment method help to keep things straightforward. You will be shown only the relevant offers that you can avail of in your location; like before, filtering by currency pair and purchase amount remains active.
New filters ensure that by the time you start dealing with the partner provider on the ChangeHero platform, you will have nearly all order details down and ready to continue with payment and verification, if necessary. Although subtle, the improvements made to the on-ramping make the user experience have even less friction than before.
What Does Not Change
All of these improvements do not mean that you have to wave goodbye to perks ChangeHero has had before. You can still make purchases with a simplified KYC procedure or no identification at all for amounts under 700 EUR ($800) through preexisting partnerships. All previously available payment methods, from bank cards to local APMs, remain in place. And most importantly, purchases still get delivered directly to your crypto wallet, unless you specifically choose to keep a custodial balance with any of the providers.
After this update, ChangeHero becomes an even better place to buy cryptocurrency instantly and safely thanks to more supported payment methods, coins and tokens to get, and beneficial bonuses from the partners. Try out the updated crypto buying and selling flow at the ChangeHero website today.