Moonshot Crypto: What Is It?
Moonshot is a popular app for the Solana network that lets investors get in on the latest Solana memecoins, with easy payment options. Learn more in our guide.
Moonshot is a user-friendly mobile app that was made to make it easier to find, buy, and sell memecoins on the Solana network. It launched in 2024 and has become a popular platform for memecoin and Solana enthusiasts alike, in large thanks to a number of traditional payment options. Learn more about Moonshot crypto, whether it’s safe, and your tax implications in our guide.
What is Moonshot crypto?
Moonshot streamlines the process of investing in memecoins by allowing users to convert cash into memecoins within minutes. The app supports various payment methods, including credit and debit cards, Apple Pay, and bank transfers, making it accessible to pretty much any investor.
Once funds are deposited, users can explore trending memecoins, receive live updates, and manage their holdings directly through the app. Notably, Moonshot operates as a self-custodial wallet, ensuring users retain full control over their funds and private keys.
Read next: Best Memecoins
Is Moonshot crypto safe?
Security is a priority for Moonshot and any other crypto app. As a self-custodial wallet, only users have access to their assets; the platform cannot access or freeze funds.
As well as this, Moonshot has implemented strong security measures, including Face ID sign-in, to protect user accounts. However, as with any investment, especially given how volatile memecoins can be, users should exercise caution and conduct thorough research before investing and only ever invest what they can afford to lose.
Who owns Moonshot crypto?
Moonshot is developed and maintained by Buy Moonshots, Inc., a company dedicated to providing innovative solutions in the cryptocurrency space. The team behind Moonshot focuses on creating a seamless and secure experience for users interested in memecoins on the Solana network.
Read next: Top 10 Countries That Love Memecoins
Moonshot crypto key features
Easy deposits and withdrawals: Users can make cash deposits using Apple Pay, credit/debit cards, and bank transfers. Withdrawing funds is straightforward, with options for bank transfers to cash out holdings.
Discover and trade memecoins: The app provides real-time updates on trending memecoins, allowing users to discover new opportunities and track their investments.
Self-custodial wallet: Moonshot ensures that users have complete control over their funds by offering a non-custodial wallet. Users can export their wallet keys at any time, maintaining ownership of their assets.
Where can I download Moonshot?
Moonshot is available for download on both iOS and Android devices. You can find the app on the Apple App Store and the Google Play Store. The app is free to download and offers a user-friendly interface suitable for both beginners and experienced traders.
What are the risks of Moonshot?
While Moonshot offers an accessible platform for trading memecoins, it's essential to be aware of the inherent risks associated with these digital assets. Memecoins are highly volatile and often lack intrinsic value, making them susceptible to significant price fluctuations. Users should approach trading with caution, invest only what they can afford to lose, and stay informed about the latest developments in the crypto market.
Read next: Best Solana Staking Platforms
Don’t forget the tax bill…
Your memecoins might be a joke - but your tax bill isn’t. Memecoins, like any other cryptocurrency, are generally taxable. It varies depending on where you live (so check out our crypto tax guides), but you’ll usually pay Capital Gains Tax on any gains from trading or selling memecoins.
Fortunately, Koinly can help with your crypto taxes - whether that’s the latest memecoin or Bitcoin, Koinly supports more than 850 blockchains, exchanges, and wallets. Simply connect automatically via API or upload your CSV fil,e and Koinly will do the rest. Sign up for free.
