How to Buy Mooncoin [The Ultimate Guide 2022]
Mooncoin is a decentralized cryptocurrency project based on blockchain technology, which aims to innovate and expand a Blockchain and create an ecosystem that facilitates social and scientific interactions. The Moon ecosystem seeks to serve as a platform for fast and secure monetary transactions.
MOON is a global digital currency, faster and less expensive than Bitcoin. It’s designed for frequent global micro-transactions with a maximum supply of 384 billion coins. This number was derived from calculating one coin per millimeter between the Earth and the Moon.
Scroll down to learn everything you need to know about Mooncoin’s key features and how to buy Mooncoin (MOON) in a few simple steps.
Let’s get right to it!
What Is Mooncoin (MOON)
Mooncoin aims to enable fast and secure financial transactions and the execution of new, game-changing ventures. Some benefits of Moonword include low transaction fees, the lightweight blockchain, fast block time, and high fee circulation.
Mooncoin’s current algorithm is a Scrypt-based Proof-of-Work. Mooncoin also has its own programming language known as MoonWord for coding a decentralized application (DApp) and blockchain record keeping. Mooncoin uses technical specifications that make it ideal for directly recording informational transactions onto the blockchain.
Mooncoin (MOON) is a P2P (peer-to-peer) cryptocurrency that’s “people-oriented,” reliable, fast, and transparent. MOON was created as a Fair Coin, i.e., it didn’t hold an ICO (Initial Coin Offering) and wasn’t pre-mined. This launch model ensured everyone had equal access to the coin from the beginning.
Get started by checking the Mooncoin current price, market cap, circulating supply, 24-hour trading volume on CoinStats, one of the best crypto platforms around.
Mooncoin (MOON) Key Features
In addition to the protocol’s native MOON coin, the Mooncoin ecosystem offers its users such products as the Moonwallet and Mooncard. The Moonwallet is a DeFi wallet that lets users store assets, grow value, and earn rewards. Mooncard is a tax-free payment system that allows users spend their coins however they choose. Here are some benefits that Mooncoin investors can enjoy:
Mooncoin users can enjoy fast transactions with a block time of 90 seconds per block.
An ample supply and a dependable system make it a reliable cryptocurrency.
Private, Anonymous Transactions
Your Mooncoin transactions are private and anonymous.
Mooncoin is a community-based cryptocurrency with a user-oriented approach, faithful to the ideals of decentralization.
Where and How to Buy, Trade, and Sell Mooncoin (MOON)
Follow our step-by-step guide purchase Mooncoin:
Step #1: Buy Bitcoin or Ethereum
While you cannot buy MOON directly, you can first buy Bitcoin (BTC) or Ethereum (ETH) with your bank account, credit or debit card, etc., and exchange BTC or ETH with Mooncoin. Ensure to get the right wallet to buy Bitcoins, as Bitcoins can only go into Bitcoin wallets, and Ethereum can only go into Ethereum wallets. Read our How to Buy Ethereum Classic article for a step-by-step Ethereum buying guide.
Step #2: Choose an Exchange
Once you’ve purchased BTC or ETH, you must transfer it to a cryptocurrency exchange that supports Mooncoin currency. Several cryptocurrency exchanges let users buy Moon easily. Factors to consider while choosing an exchange for buying MOON are security, transaction fees, ease of use, supported payment methods, such as fiat money, bank account, credit and debit card, etc.
We distinguish between two types of crypto exchanges: a centralized cryptocurrency exchange (CEX) and a decentralized crypto exchange (DEX).
CEXs are often regulated by governmental agencies, such as the Security and Exchange Commission (SEC) in the U.S. Some traders take the regulation as an advantage, as they perceive it to reduce their risks, while others view the crypto market as a “free trade” space and take governmental regulations as an intrusion of privacy and personal choice. CEXs are more susceptible to data hacks and malware. Conversely, a CEX is more likely to choose its listings thoroughly and reduce the risk of exposure to rug pull or scam projects.
DEXs, on the other hand, give traders all the freedom, and, unlike CEXs, the transaction process doesn’t include any intermediary. These exchanges use smart contracts to allow people to trade crypto assets without needing a regulatory authority. They deploy an automated market maker to remove any intermediaries and give users complete control over the funds. The platform itself does not hold any funds, and the process is peer-to-peer, reducing the cyberattack risks. A DEX operates over blockchain and charges no fee except the gas fee applicable on a particular blockchain, i.e., on the Ethereum blockchain.
Step #3: Register an Account
After choosing a cryptocurrency exchange, you must register an exchange account to buy Moon. Typically, platforms require the following information:
- Full name
- Phone number
- Email address
- Home address
- Social security number
- A copy of your driver’s license, passport, or government-issued identification.
Most centralized exchanges will require to Know Your Customer (KYC) verification by confirming your identity with a live photo to buy Mooncoin.
Step #4: Choose a Payment Method
So, what’s the best payment method for buying Mooncoin? The cheapest way to buy Mooncoin directly is to buy Bitcoins using your bank account and exchange it for MOON tokens.
Step #5: Buy Mooncoin
Once your account is registered and verified, you can move on to buying Mooncoin. The first step is to select a trading pair and select Buy MoonCoin (MOON). This should redirect you to the exchange page, where you can deposit the supported currency and swap it for Mooncoin currency.
Step #6: Create a Secure Wallet
After purchasing Mooncoin, you must create a crypto wallet to securely store any coins you purchased or earned due to crypto mining.
While you can keep your newly purchased MOON tokens on the exchange platform, many traders prefer storing their digital assets in their private crypto wallets. We distinguish between a Software Wallet (Hot Wallet) and a Hardware Wallet (Cold Wallet).
If you’re looking to trade Mooncoin regularly, software or hot wallets from your selected crypto exchange will suit you. Software wallets are user-friendly and free to use. They store your keys online and are therefore less secure than hardware wallets, but their ease of use makes them ideal for newbies with a few tokens.
Try the CoinStats Wallet that lets you manage all your assets across several exchanges from a single platform.
Hardware or cold wallets are usually considered the safest way to store your cryptocurrencies as they offer offline storage, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. A hardware wallet also lets you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber-attacks, phishing sites, and malware. These are more suitable for experienced users who own large amounts of tokens.
Ledger Nano is considered one of the safest hardware wallets, where your coins are secured with a private key and stored without an internet connection.
Track Mooncoin With a Crypto Portfolio Tracker
A crypto portfolio tracker is an essential tool allowing you to keep track of all your crypto investments at all times in just a couple of clicks. The best crypto portfolio trackers can be integrated with your crypto wallet and exchange accounts to help you keep all your financial assets in one place and portray the total value of your investment portfolio.
A crypto portfolio management app connects to various crypto exchanges, wallets, and crypto services and gives you a clear view of your crypto holdings, including yourtotal portfolio balance. Portfolio tracking systems allow you to track cryptocurrencies in real time, watch a live feed of all active trades on exchanges, and can alert and update users when market prices change. When you monitor all of your portfolio data and crypto portfolio market value in one place, you can make informed decisions on how or when to take profits or rebalance.
While choosing the best portfolio tracker for you, you must consider your personal preferences, including your investment styles, goals, trading strategies, and coin watchlist.
Here are some key features to consider:
Supported Currencies and Exchanges
You must choose a portfolio tracker that supports all the cryptocurrency exchanges where you have an account. You can sync trades from multiple exchanges.
Your crypto portfolio tracker should also be able to support your preferred digital currencies.
Some cryptocurrency trackers are free, while others require a paid subscription. Read each plan carefully to ensure it fits your needs, and remember to check what other investors have to say about the service.
The interface and dashboard of a portfolio tracker must be easy-to-use, allowing you to examine all your assets across different exchanges. The dashboard automatically reflects the movement of your trades by showing accurate values for your crypto assets in other exchange wallets and in custom time frames.
When choosing a portfolio tracker, you must consider its security measures, such as 2-factor authorizations and other safety mechanisms to ensure your assets and private information are safe. Also, go for cryptocurrency trackers that only access your balance, not your funds.
Choose portfolio trackers with several functional features beyond crypto tracking.
Mooncoin (MOON) specializes in micropayments and aims to become a universal currency used worldwide. It strongly focuses on customer support and community engagement and offers fast, low-cost transactions. You can send coins to your Mooncoin address and fully control the recording of the information process onto the blockchain.
Mooncoin also has a decentralized platform on the ecosystem known as Smart Likes. The platform can be used to monetize your likes.
Mooncoin is an excellent project for different types of projects and blockchains. The Mooncoin platform aims to provide users with easy and transparent access to the blockchain, enabling them to earn money or develop their own projects.
You’re welcome to visit our CoinStats blog to discover a broader perspective on decentralized finance and how it aims to empower people.
You can also read our articles such as What Is DeFi, explore our in-depth buying guides on various cryptocurrencies, such as How to Buy Avalanche (AVAX), How to Buy Cryptocurrency and learn more about wallets and exchanges, portfolio trackers, etc.
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Mooncoin is a decentralized cryptocurrency project seeking to serve as a platform for fast and secure monetary transactions. The project’s vision is to innovate and expand a Blockchain and create an ecosystem that facilitates social and scientific interactions.
MOON is a global digital currency, faster and less expensive than Bitcoin. It’s designed for frequent global micro-transactions, with a maximum supply of 384 billion coins.
The Mooncoin ecosystem is flexible and supports different types of projects and blockchains. It allows you to send coins to your Mooncoin address and fully control the recording of the information process onto the blockchain.