Articles on: Transactions

Withdraw to Bank/Visa Using Moonpay

On Morpher, you can withdraw your funds directly to your bank account using the Moonpay Off-Ramp. The way it works is that your MPH gets swapped into POL. From there, your POL is sent to MoonPay, at which point the sell price is locked in. Once done, Moonpay then processes your payout onto your bank account.

Withdrawn funds are usually processed within a few hours, although it can take up to two days in some cases.

Open the withdrawal pop-up window and choose “Moonpay Off-Ramp”.

Select the withdrawal currency.

The currency you select on Morpher can be later changed directly on Moonpay.

Follow the Moonpay instructions provided.

A Moonpay account is required for Fiat Withdrawals. It can be created during the withdrawal process.

Fees

A withdrawal fee of 100 MPH (Morpher Token) will used to cover gas fees for MPH to POL conversion. MoonPay also charges a transaction fee, which varies based on the chosen payment method:

1% for Sell to Bank
4.5% for Sell to Card (Visa)

You can find more information about MoonPay fees here. Please keep in mind that Morpher doesn't profit from any fees as they're either charged by the provider or are used to cover the blockchain network gas fees.

Supported Withdrawal Methods:

Please refer to MoonPay's documentation here to learn more about the supported withdrawal methods.

Is KYC required?

KYC (Know Your Customer) requirements vary depending on the country and the amount you are withdrawing. Small transactions typically do not require an additional KYC verification through MoonPay.

Supported Countries

For a list of MoonPay-supported countries, please refer to their documentation here.

Supported Currencies:

MoonPay automatically converts to your local currency including EUR, GBP, CAD, AUD, BRL, CHF, and TRY. The currency you select on Morpher (EUR or GBP) doesn't affect the final output currency. You can find the full list of MoonPay currencies here.

Updated on: 09/09/2024

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