NFT Purchases With Fiat Are Now Possible Thanks to NFTrade’s MoonPay Integration
At NFTrade, we are building towards providing all of the necessary technical infrastructures to take the NFT ecosystem to new heights, and with our latest launch, we are continuing to break down these barriers. We are thrilled to announce our live integration with MoonPay, introducing fiat payments into the NFT space. Through this partnership, MoonPay provides a fiat on-ramp for NFT buyers, sellers, and collectors, making it easier than ever to access NFTs without many of the technical barriers to entry users previously had to experience.
The Fiat Purchasing Process
Through our simple to use dashboard and wallet interface, users will be able to quickly and seamlessly buy cryptocurrency with their credit and debit cards, making these payment forms accessible to the broader cryptocurrency and NFT community. To get started, all you have to do is connect your wallet to NFTrade, and the rest of the process is simple and straightforward.
Once your wallet is connected to NFTrade, click on the ‘Add Funds’ button to start the purchasing process through MoonPay. Once you click this, a new window will pop up, prompting you to put in information about the type of cryptocurrency you want to purchase (which will depend on the network of the NFT you want to purchase), the amount of crypto you want to buy, your wallet address to receive the funds, and so forth.
After you’ve confirmed the cryptocurrency and the amount you’d like to purchase, press ‘Continue’ to go on to the next steps. You will be asked to enter your cryptocurrency wallet address and an email address where MoonPay can send you a verification code. After entering the verification code, you will be asked to enter your billing address so that your card can be charged for the cryptocurrency purchase.
Finally, after putting in your credit card details and confirming the purchase, your new cryptocurrency will be seamlessly transferred to your wallet, allowing for the easy purchase of NFTs using fiat as your base currency. We are super excited to see how this impacts the broader NFT ecosystem, and know this is a step in the right direction in regards to introducing NFTs to a broader audience of global users.