MoonPay Review 2026

Key Features

MoonPay is a financial technology company that powers fiat-to-crypto transactions for both consumers and businesses. Founded in 2019 and based in Miami, the company has built its reputation on simplifying cryptocurrency purchases through familiar payment method credit cards, Apple Pay, and local bank transfers. It doesn’t operate as a traditional bank, nor does it hold user funds. Instead, it focuses entirely on infrastructure, which means handling transactions behind the scenes while leaving custody to users and partner platforms. 

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It’s embedded into over 300 apps, wallets, and exchanges, including MetaMask, OpenSea, and Trust Wallet. As of 2025, it serves more than 30 million users across 180 countries and has processed over $8 billion in transaction volume. The company also runs HyperMint, a minting service used by brands and artists for large-scale NFT creation.

MoonPay’s value proposition is built on access. It’s designed for people new to crypto as well as businesses that want to add crypto payments without building their own compliance stack. It has regulatory coverage across the U.S., Europe, Canada, and Australia, making it available for anyone trying to bridge fiat and digital assets in a compliant way across all these regions. 

Services and Features

What MoonPay does is handle the part most platforms avoid, which is converting fiat to crypto and back again, without forcing the user to leave the app they are in. So technically, MoonPay sits in the background and runs the transactions, which makes its usability much simpler. 

For everyday users, MoonPay offers three primary functions: buy, sell, and swap. These are accessible through its app or directly through partner platforms like Trust Wallet or OpenSea. Unlike some platforms that only support card purchases, MoonPay supports a wider range of payment methods. Users can buy or sell crypto using Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, SEPA bank transfers (Europe), PIX (Brazil), Faster Payments (UK), and even PayPal or Venmo in selected regions.

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The crypto selection spans over 100 tokens, and not just major assets. Beyond Bitcoin and Ethereum, MoonPay supports USDT, USDC, Solana, Aave, Chainlink, and many others. These can also be swapped directly through the app or via MoonPay-powered interfaces embedded in external wallets. Swaps are executed through DeFi liquidity sources, which means tokens are exchanged using decentralized protocols rather than a central order book. The platform currently supports cross-chain swaps for over 700 token pairs.

All of this happens through non-custodial flows. MoonPay doesn’t store your crypto or hold your private keys. Users send and receive funds to and from wallets they control. This approach reduces risk and places MoonPay in a different category from exchanges like Coinbase or Binance, which custody user assets by default. 

MoonPay allows users to purchase NFTs using credit cards, skipping the need to buy crypto first. The same goes for its minting tool, HyperMint. This service is aimed at creators and brands, letting them issue large-scale NFT drops with built-in payment rails and no backend development needed. 

Business Infrastructure

At the core is its SDK and API, which lets any app or website integrate crypto payments in a matter of days. This is used by consumer wallets, Web3 platforms, and even traditional fintech apps that want to add crypto features without applying for licenses or building their own KYC systems.

The infrastructure supports both on-ramps (fiat-to-crypto) and off-ramps (crypto-to-fiat), with custom UI components available for different user flows. Businesses also have the option to share in transaction revenue through MoonPay’s partner model, which makes the service appealing to platforms that want to monetize user activity without taking custody of funds.

HyperMint, while available to individuals, is increasingly pitched as a white-label solution for enterprise NFT drops. It supports metadata configuration, royalty structuring, and even gated storefronts, and plugs directly into MoonPay’s payment system. This allows brands to build full-scale NFT commerce flows that feel like any other e-commerce checkout.

MoonPay doesn’t offer invoicing tools, cards, or insurance products. Its business model is focused entirely on providing regulated, compliant infrastructure to move fiat in and out of crypto.

Interface

MoonPay keeps the interface minimal on purpose. Most users don’t come to the standalone app, rather they encounter MoonPay inside something else (i.e. MetaMask, OpenSea, etc.). For example, when buying an NFT on OpenSwea with MoonPay, the NFT is delivered to the user’s wallet without requiring crypto in advance. MoonPay runs in the background with a pop-up or embedded interface that handles the payment flow.

That experience is what made MoonPay so widely adopted. It removes the need to jump between apps or copy wallet addresses. Users choose the asset, select a payment method, and complete the transaction without ever leaving the original platform. The conversion happens in seconds, and funds are sent directly to the user’s non-custodial wallet.

For those using MoonPay directly, the app and web interface offer simple layout and navigation. Currency management is straightforward. Users can select their default fiat currency, see conversion previews before confirming orders, and track recent transactions. There are no trading charts or order books since MoonPay avoids being like an exchange. 

MoonPay Balance, when topped up, allows users to buy and sell crypto with no platform fees. Top-ups can be done via bank transfer or card depending on the region, and transaction histories are exportable for tax or record-keeping purposes.

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2025-2026 Major Developments

2025 was MoonPay’s most active year of transformation to date, marked by four acquisitions, landmark regulatory milestones, and a strategic pivot from fiat on-ramp to full-stack global payments network.

In January 2025, MoonPay acquired Helio, a crypto payment processor focused on Solana, for a reported $175 million. In March, it acquired Iron, a stablecoin infrastructure company, for over $100 million. That same month, MoonPay secured a $200 million credit line from Galaxy. It also acquired on-chain payments tool Decent.xyz, and in September completed the acquisition of Meso, a fintech startup co-founded by PayPal and Braintree veterans. Meso’s co-founders joined MoonPay’s leadership as Chief Technology Officer and Senior Vice President of Product respectively. With Meso, Helio, and Iron, MoonPay now brings together the critical components needed to create a single, global payments network.

On the regulatory front, in November 2025, MoonPay received a New York Limited Purpose Trust Charter from the New York State Department of Financial Services, becoming one of only a handful of digital asset firms, alongside Coinbase, PayPal, and Ripple, to hold both a BitLicense and a Trust Charter. The charter gives MoonPay legal authority to act as a fiduciary, offering crypto custody and OTC trading to institutional clients. A New York BitLicense was also secured in June 2025, and MiCA authorization in the Netherlands was confirmed in December 2024, completing MoonPay’s EU regulatory footprint.

In May 2025, MoonPay partnered with Mastercard to enable stablecoin payments at more than 150 million merchant locations worldwide, using Iron’s API infrastructure to convert stablecoin balances to fiat at the point of sale. In November 2025, MoonPay launched its enterprise stablecoin business through an integration with M0, enabling businesses to issue and manage fully reserved digital dollars across multiple blockchains, targeting enterprise partners in the U.S., Asia, and Latin America. This was followed in February 2026 by the launch of PYUSDx, a joint initiative with M0 and PayPal that enables developers to build and deploy application-specific stablecoins backed by PayPal USD, with fast time-to-market and cross-chain compatibility.

In January 2026, MoonPay announced a landmark multi-year title partnership with X Games, becoming the title partner of the newly formed MoonPay X Games League, the first league title partnership in X Games history, marking its transition to a year-round, team-based global league format. MoonPay was also named to CNBC’s Disruptor 50 list for 2025.

Fees

The total cost of a transaction is made up of several components, some of which are fixed and others that vary depending on how the user accesses the platform, what payment method is used, and which partner platform is involved.

Additional costs may apply depending on the user’s bank. Some cards incur international or foreign exchange fees, especially when the transaction involves non-local currency. These charges are outside MoonPay’s control but are disclosed before payment is finalized.

Blockchain withdrawal fees and slippage from swaps still apply, just like any other DeFi platform.

Fee disclosures differ slightly depending on the region. Users in the EEA or UK will see separate breakdowns, and those differences are reflected in MoonPay’s pricing documentation.

Licensing and Regulation

While it doesn’t operate as a traditional bank, it holds the necessary registrations to function legally across multiple jurisdictions. 

MoonPay operates legally in the vast majority of jurisdictions where its services are available. In the U.S., it is registered as a Money Services Business (MSB) with FinCEN and holds individual Money Transmitter Licenses in 47 states. These include major regulatory environments like New York, where MoonPay has secured a BitLicense, completing its full compliance footprint across the country. Each U.S. state where MoonPay operates includes a jurisdiction-specific notice, often with direct contact information for the state financial regulator. These disclosures meet consumer protection requirements and make it clear where users can file complaints or seek remediation.

In November 2025, MoonPay received a New York Limited Purpose Trust Charter from NYDFS, authorizing it to offer crypto custody and OTC trading services to institutional clients under the oversight of one of the most closely watched financial regulators in the U.S. This makes MoonPay one of a select group of firms, alongside Coinbase, PayPal, and Ripple, that hold both a BitLicense and a Trust Charter. MiCA authorization in the Netherlands, confirmed December 2024, enables MoonPay to operate across the EU under the Markets in Crypto-Assets framework.

In the EU, MoonPay Europe B.V. is registered as a Virtual Asset Service Provider (VASP) with the Dutch AFM, and other localized registrations. Similar arrangements are in place in the UK under the FCA and in Australia under AUSTRAC.

Canada is covered through FINTRAC, with MoonPay operating as a registered Money Services Business. 

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