BINANCE.US TAPS MOONPAY AS BANKING ALTERNATIVE TO REGAIN USD RAMPS

Last updated: June 19, 2025, 19:48 | Written by: Meltem Demirors

The landscape for cryptocurrency exchanges in the United States has been anything but smooth sailing lately, particularly for Binance.US.Following a period of significant disruption stemming from severed banking relationships, leading to its transition into a crypto-only platform, Binance.US has forged a new path forward. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy theThe solution? After having its banking ties cut in the wake of an SEC lawsuit, Binance.US has partnered with MoonPay to provide users access to U.S. dollar deposits and withdrawals. Latest News Breaking NewsA strategic partnership with MoonPay, a prominent player in the crypto payments space. 58K subscribers in the AltStreetBets community. Trading crypto with infinite leverage. READ THE RULES near the bottom of this side panelThis collaboration aims to reinstate U.S. dollar on-ramps, enabling users to once again seamlessly buy and sell cryptocurrencies using USD.For users who were frustrated by the inability to easily convert fiat currency into digital assets on the platform, this development offers a renewed sense of accessibility and convenience.But what exactly does this partnership entail, and what are the implications for Binance.US users and the broader crypto market?This article will delve into the details of this collaboration, explore the functionalities it unlocks, and consider the potential drawbacks associated with relying on third-party payment processors like MoonPay. After having its banking ties slashed, crypto exchange Binance.US has revived its U.S. dollar on-ramp through a new partnership with MoonPay. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether to useon its platform.We'll also provide a critical analysis of whether this move truly addresses the needs of Binance.US users seeking efficient and cost-effective USD ramps.

Reviving USD On-Ramps: The Binance.US and MoonPay Partnership

After facing challenges in maintaining traditional banking partnerships, Binance.US found itself limited to crypto-only transactions. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether USDT $1.00This restriction created friction for users looking to enter or exit the crypto market with U.S. dollars.The new alliance with MoonPay directly addresses this pain point.It provides an alternative route for users to convert USD into cryptocurrency, effectively reviving the platform's USD on-ramp functionality.But how does MoonPay enable this?

The core of the solution lies in MoonPay's integration into the Binance.US mobile wallets.This integration empowers users to directly purchase Tether (USDT), a stablecoin pegged to the U.S. dollar, using their debit cards, credit cards, Apple Pay, or Google Pay.Users can then leverage this USDT to acquire other cryptocurrencies listed on the Binance.US exchange. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the United States dollar-pegged stablecoinThis workaround bypasses the need for direct bank transfers, which had become a major obstacle for the exchange.

This strategic maneuver isn't just about restoring functionality; it's also about broadening accessibility.By offering diverse payment methods, including popular options like Apple Pay and Google Pay, Binance.US is catering to a wider audience, including those who may be less familiar with traditional crypto payment methods. MoonPay has now been integrated into Binance.US mobile wallets allowing users to fund it with USDT. You can purchase the world s largest stablecoin on MoonPay with USD, eliminating the involvement of third-party banks.The inclusion of these mainstream payment options can significantly lower the barrier to entry for new users interested in exploring the world of cryptocurrency.

Understanding MoonPay: How it Works and Potential Considerations

MoonPay is a crypto payments infrastructure provider that facilitates the buying and selling of cryptocurrencies through various payment methods. Binance.US taps MoonPay as banking alternative to regain USD ramps. Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. dollar-pegged stablecoin USDT to use on its platform.It acts as a bridge between traditional finance and the crypto world, allowing users to purchase digital assets using fiat currencies.MoonPay supports a wide range of cryptocurrencies and payment methods, making it a versatile solution for exchanges and users alike.

The Advantages of Using MoonPay

Convenience: MoonPay offers a convenient way to purchase USDT directly using familiar payment methods like debit cards, credit cards, Apple Pay, and Google Pay.
Accessibility: It broadens accessibility by catering to users who may not have access to or prefer not to use traditional bank transfers.
Speed: Transactions through MoonPay are typically faster than traditional bank transfers, allowing users to acquire USDT and begin trading more quickly.

Potential Drawbacks of Using MoonPay

While MoonPay offers several benefits, it's crucial to acknowledge potential drawbacks.One of the primary concerns is the associated fees.Transaction fees can be higher compared to traditional bank transfers, which can impact the overall cost of acquiring cryptocurrency. The access to MoonPay would provide an alternative way for Binance.US s users to convert US dollars to crypto: they will be able to use their debit or credit cards, Apple Pay or Google Pay to buy Tethers, and then use those stablecoins to buy the other crypto tokens still available on the platform.Another consideration revolves around security and privacy.Users should carefully review MoonPay's security protocols and privacy policies to ensure their data is protected.

Higher Fees: MoonPay transaction fees can be significantly higher than those associated with traditional bank transfers.This can erode profits, especially for frequent or high-volume traders.
KYC Requirements: MoonPay, like most regulated financial services, requires Know Your Customer (KYC) verification.Some users may be hesitant to provide personal information for KYC purposes.
Third-Party Dependency: Reliance on a third-party payment processor introduces a dependency that can be vulnerable to service disruptions or policy changes.

USDT as the Gateway: A New Trading Paradigm on Binance.US

With the reintroduction of USD on-ramps via MoonPay, USDT has become the de facto gateway for trading on Binance.US. Moonpay is a super expensive way to buy crypto and also, if you are using moonpay you might as well just buy the coins directly to your hot or cold wallet, no reason for getting coins into a CEX in that caseUsers first purchase USDT using USD and then utilize this stablecoin to acquire other cryptocurrencies listed on the platform. Binance.US taps MoonPay as banking alternative to regain USD rampsThis approach has several implications for users and the overall trading experience.

Firstly, it adds an extra step to the trading process. Binance.US taps MoonPay as banking alternative to regain USD ramps After having its banking ties slashed, crypto exchange Binance.US has revived its United States dollar on-ramp through a newInstead of directly purchasing a desired cryptocurrency with USD, users must first acquire USDT.This introduces a slight delay and can potentially increase transaction costs, particularly if there are slippage issues when buying USDT.Secondly, it underscores the importance of USDT within the Binance.US ecosystem. Binance.US partners with crypto payments giant MoonPay, reintroducing its U.S. dollar on-ramp and offering diverse payment methods, including Apple and Google Pay. This development comesUSDT's stability and liquidity become critical for smooth trading operations.

Binance.US's decision to adopt USDT as the primary base asset highlights the evolving role of stablecoins in the crypto market. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow Binance.US taps MoonPay as banking alternative to regain USD rampsStablecoins provide a stable and liquid medium for trading and can serve as a bridge between fiat currencies and cryptocurrencies.However, it's essential to be aware of the regulatory landscape surrounding stablecoins, as potential regulatory changes could impact their functionality and accessibility.

Alternative Solutions and Comparisons

While the Binance.US and MoonPay partnership offers a solution to the USD on-ramp issue, it's crucial to consider alternative options available to users.Several other exchanges and platforms offer direct USD to crypto conversions, potentially at lower fees.Some of these alternatives may provide a more streamlined trading experience and avoid the need for an intermediary stablecoin like USDT.However, they might require users to transfer their existing crypto holdings to a new platform.

Users should carefully compare the fees, security measures, and available cryptocurrencies on different platforms before making a decision.It's also essential to factor in the convenience and ease of use of each platform.Some exchanges may offer more user-friendly interfaces or better customer support. After having its banking ties slashed, crypto exchange Binance.US has revived its U.S. dollar on-ramp through a new partnership with MoonPay. Binance.US taps MoonPay as banking alternative to regain USD ramps - PANewsFor instance, some decentralized exchanges (DEXs) may offer lower fees but require more technical knowledge to navigate. After having its banking ties slashed, crypto exchange Binance.US has revived its United States dollar on-ramp through a new partnership with MoonPay.Weighing the pros and cons of each option is crucial for making an informed decision that aligns with individual needs and preferences.

Consider the following comparison points when evaluating alternatives:

Fees: Compare transaction fees, deposit and withdrawal fees, and any other applicable charges.
Security: Evaluate the security measures implemented by each platform, including cold storage practices, two-factor authentication, and insurance coverage.
Available Cryptocurrencies: Ensure that the platform offers the cryptocurrencies you are interested in trading.
User Interface: Assess the user-friendliness of the platform's interface and mobile app.
Customer Support: Check the availability and responsiveness of customer support channels.

Is MoonPay a Viable Long-Term Solution?

The partnership between Binance.US and MoonPay offers a temporary solution to the platform's USD on-ramp challenges. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether to useon its platform.However, its viability as a long-term solution remains uncertain.Several factors could influence the future of this collaboration.

One key factor is the evolving regulatory landscape.Increased regulatory scrutiny of cryptocurrency exchanges and payment processors could impact the availability and functionality of services like MoonPay.Changes in regulations could require Binance.US and MoonPay to adapt their operations, potentially leading to higher fees or restrictions on certain payment methods.Another consideration is the competitive landscape.As more exchanges and platforms emerge, offering direct USD to crypto conversions at competitive rates, the reliance on MoonPay may become less attractive.

In the long run, Binance.US may need to explore alternative solutions, such as establishing new banking relationships or developing its own in-house payment processing infrastructure. After having its banking ties slashed, crypto exchange Binance.US has revived its U.S. dollar on-ramp through a new partnership with MoonPay.These options could provide greater control and flexibility, reducing the dependency on third-party providers. Binance.US taps MoonPay as banking alternative to regain USD ramps cointelegraph.com, UTC Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.For now, MoonPay provides a much-needed bridge, but its long-term role remains subject to market dynamics and regulatory developments.

Tips for Binance.US Users Utilizing MoonPay

If you're a Binance.US user planning to utilize MoonPay for USD on-ramps, here are some practical tips to maximize your experience and minimize potential risks:

Compare Fees: Always compare MoonPay's fees with those of other payment methods or exchanges before making a purchase.
Secure Your Account: Enable two-factor authentication (2FA) on both your Binance.US and MoonPay accounts to protect your funds and personal information.
Stay Informed: Keep up-to-date with the latest news and announcements from Binance.US and MoonPay regarding any changes to their services or policies.
Be Aware of Limits: Understand any transaction limits or restrictions imposed by MoonPay or Binance.US.
Diversify Your Holdings: Don't put all your eggs in one basket.Diversify your cryptocurrency portfolio to mitigate risk.
Use a Secure Wallet: Once you purchase cryptocurrency, consider transferring it to a secure hardware wallet for long-term storage.

The Future of USD Ramps and Binance.US

The cryptocurrency market thrives on accessibility, and the ability to seamlessly convert fiat currency into digital assets is a critical component of that accessibility.Binance.US's partnership with MoonPay represents a step towards restoring this essential functionality after a period of disruption. Binance.US از MoonPay به عنوان جایگزین بانکی برای به دست آوردن مجدد رمپ های USD استفاده می کند; Binance.US از MoonPay به عنوان جایگزین بانکی برای به دست آوردن مجدد رمپ های USD استفاده می کندHowever, the long-term success of this approach hinges on several factors, including competitive fees, regulatory stability, and the emergence of alternative solutions.

The future of USD ramps on Binance.US will likely involve a combination of strategies, including exploring new banking partnerships, developing in-house payment processing capabilities, and continuously adapting to the evolving regulatory landscape. After having its banking ties slashed, crypto exchange Binance.US has revived its U.S. dollar on-ramp through a new partnership with MoonPay. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform.For users, the key is to stay informed, compare options, and make informed decisions that align with their individual needs and risk tolerance. Binance.US taps MoonPay as banking alternative to regain USD ramps cointelegraph comments sorted by Best Top New Controversial Q A Add a CommentThe Binance.US and MoonPay collaboration is undoubtedly a significant development, but it's just one piece of a larger and more complex puzzle.

Conclusion: Key Takeaways on Binance.US and MoonPay

In conclusion, the partnership between Binance.US and MoonPay marks a significant attempt to re-establish USD on-ramps following the exchange's transition to a crypto-only platform.By integrating MoonPay, Binance.US users can now purchase USDT using various payment methods like debit/credit cards and mobile payment options, circumventing previous limitations. Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the U.S. Dollar-pegged stablecoin Tether (USDT) to useon its platform. In an Aug. 22 statement, the crypto exchange announced that USDT was being adopted as the new base asset for all transactions [ ]While this offers convenience and accessibility, it's crucial to consider the potentially higher fees associated with MoonPay. Binance.US announced a partnership with MoonPay as an alternative to bank transfers, allowing customers to buy USDT with USD directly.Furthermore, users should remain vigilant about the regulatory landscape surrounding stablecoins like USDT and the broader implications of relying on a third-party payment processor. Binance.US taps MoonPay as banking alternative to regain USD ramps Aug Two months after becoming a crypto-only platform, Binance.US has announced a new partnership with crypto payments firm MoonPay to allow users to buy the United States dollar-pegged stablecoin TetherThe long-term viability of this solution remains to be seen, and users should actively compare alternative platforms and payment methods to ensure they are making the most cost-effective and secure choices.Ultimately, the goal is to regain easy access to USD ramps and enhance the overall user experience on Binance.US. 732 subscribers in the Satoshi_club community. Satoshi Club is a community that connects blockchain companies with a large pool of cryptoAlways do your own research (DYOR) and stay informed about the latest developments in the cryptocurrency market.