MoonPay Balance was initially introduced to European users in November 2024. Credit: T. Schneider/ Shutterstock.

Crypto payments firm MoonPay has expanded its MoonPay Balance offering to the US market, enabling users to fund their accounts with fiat currency and engage in “zero-fee purchases”. 

MoonPay Balance was initially introduced to European users in November 2024. 

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With this, users can buy or sell from a selection of over 60 cryptocurrencies.  

The service allows users to fund their balance using a preferred payment method and withdraw to a bank account or supported payment method. 

This move brings fiat balances, a traditionally centralised exchange feature, into the decentralised ecosystem to enable integrated transactions. 

MoonPay Balance supports instant payments with “high approval rates” and offers various payment options such as ACH transfer, PayPal, and Venmo in the US.  

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However, the company highlighted that ACH bank transfers can take three to ten business days to credit, during which the balance cannot be cancelled or used. 

Following its launch in the UK and EU (excluding Germany) in November 2024, MoonPay users in the US, UK, and EU can top up their MoonPay balance in USD, Euro, or British Pounds. 

The company’s partner network, which includes platforms like Phantom and Bitcoin.com, is also integrating MoonPay Balance. 

Last month, MoonPay introduced a feature called Recurring Buys, which automates the process of purchasing cryptocurrencies at regular intervals, allowing users to build their portfolios over time. 

The company also acquired crypto payment processor Helio in January.  

MoonPay’s infrastructure facilitates the exchange between fiat currencies and cryptocurrencies, offering payment options such as debit and credit cards, local bank transfers, and digital wallets like Apple Pay and Google Pay.