MoonPay partnership. Selling Lumens and other crypto with LOBSTR (2024)

MoonPay partnership. Selling Lumens and other crypto with LOBSTR (1)

With LOBSTR, you can sell cryptocurrency (XLM, BTC, ETH, LTC, etc.) and get cash to your bank account through our partnership with MoonPay payment service.

Here are a few tips that may be of assistance when selling XLM or other crypto with MoonPay:


- Which cryptocurrency can I sell?To cash out your wallet balance, tap 'Withdraw' > 'Sell & Exchange' on the LOBSTR mobile apps or choose 'Buy & Sell Crypto'
on the LOBSTR web.

You can also sell Lumens (XLM), Bitcoin (BTC), Bitcoin Cash (BCH), USDT (ERC-20), USDC (ERC-20) or other cryptocurrencies even if you don't have an account in LOBSTR just by following this link.

We constantly update the list of available cryptocurrencies for sell. Please visit lobstr.co/sell-crypto to find out more.

- What is the minimum amount I can Sell?The minimum transaction amount is 200 XLM (Stellar), 0.0015 BTC (Bitcoin), and 0.025 ETH (Ethereum).

- What is the maximum amount I can Sell?The maximum transaction amount is100,000 XLM (Stellar), 0.6 BTC (Bitcoin), and 8.5 ETH (Ethereum).

The daily and monthly sell limits depend on a user complying with certain requirements.
We advise you to
reach out to MoonPay for details if you see a message that a limit was reached.

- Which Bank accounts are supported for ACH Withdrawals? | Service availability


We currently support Euro bank accounts that can receive SEPA payments and UK bank accounts that can receive FPS payments.

ACH sell is available for US users in most statesexcluding New York and Texas.

Users in the USA are also able to sell directly to their Visa and MasterCard (excluding New York, Texas, and The US Virgin Islands) cards.

If you are not located in the USA, UK, or EU, the good news is that MoonPay is exploring and opening their sell feature up to users in other regions!


- Which fiat currencies are supported?
You can get paid in the US Dollar (USD), Euro (EUR), Pound Sterling (GBP), Australian Dollar (AUD), Bulgarian Lev (BGN), Brazilian Real (BRL), Swiss Franc (CHF), Czech Koruna (CZK), Danish Krone (DKK), Dominican Peso (DOP), Egyptian Pound (EGP), Indonesian Rupiah (IDR), Israeli New Shekel (ILS), Kenyan Shilling (KES), Kuwaiti Dinar (KWD), Norwegian Krone (NOK), New Zealand Dollar (NZD), Omani Real (OMR), Peruvian Sol (PEN), Polish Zloty (PLN), Romanian Leu (RON), Swedish Krona (SEK), Tai Baht (THB), Turkish Lira (TRY), South African Rand (ZAR) for selling your crypto.

- How long does it take to get paid after selling my Lumens with MoonPay?


For payouts to bank accounts in the United Kingdom, you can expect to receive your funds within 1 working day, once MoonPay receives your cryptocurrency. In certain cases, the payout happens within a few hours.

For payouts to bank accounts in Europe, you can expect to receive your funds within 1-3 working days, once MoonPay receives your cryptocurrency.

For payouts to bank accounts in the United States, you can expect to receive your funds within 3-4 working days, once MoonPay receives your cryptocurrency.

- How do I check the status of my Lumens or crypto sell?


Open the email confirmation that MoonPay has sent you and click "See complete deposit instructions."

This will take you to MoonPay tracker, where you can see if there's anything they need from you to process or complete your transaction, If it is still being processed, or if it has been approved already by MoonPay.

Have more questions regarding the status of your transaction? Submit a request

- How much does it cost to sell my crypto with MoonPay?

The fees for selling crypto depend on the sell amount and can be as low as 4.5% per transaction.

Please note that MoonPay always displays the fees before you sell your Lumens on their page so that you can always know how much you're going to pay and how much it will cost you to sell your Lumens or other crypto.


- Will my bank charge me to receive the funds?
Please check with your bank to see if they charge any additional fees for inbound bank transfers.

- Can I cancel the transaction for Selling my crypto?


If you do not wish to continue with your sell order, simply do not send your Lumens or other crypto to the deposit address provided to you by MoonPay for cash out.

The transaction will automatically expire a week from the date of its creation and you will receive an email to confirm that the transaction has expired.

Please note: If you already sent your Lumens or other crypto to MoonPay, they won't be able to cancel the transaction anymore.

Please refer to

MoonPay FAQ with further questions, or submit a request to MoonPay's support team if you have questions related to the MoonPay service.

MoonPay partnership. Selling Lumens and other crypto with LOBSTR (2024)

FAQs

Is LOBSTR.co legit? ›

LOBSTR is a leading platform for managing Stellar Lumens and other assets issued on Stellar network. With over 700 positive reviews LOBSTR is one of the most popular and trusted solution for Stellar.

How long does it take for MoonPay to deliver crypto? ›

If you are using a VISA Fast Funds card, you will receive the payout within 30 minutes. For standard VISA cards, funds may take up to 48 hours to be made available. For bank transfers, a sell transaction can sometimes take 24 hours or more to execute.

How to sell XLM on LOBSTR? ›

Sell crypto in 3 easy steps
  1. Verify your identity. If you're a new customer, complete a one-time verification of your identity.
  2. Send your crypto. You will be shown the wallet address and the QR code that you should send your cryptocurrency to.
  3. Receive your cash.

Can you withdraw money from LOBSTR? ›

LOBSTR provides you an option to withdraw all your balance without any restrictions to any Stellar address of your choice. Our system will merge your stellar account and send your funds to any destination you'll set. We support memo as well, which is often needed to deposit funds to exchanges.

Should I accept pending payments on LOBSTR? ›

Pending payments can be sent by anyone on the network. They are entirely safe to claim, but users can choose to ignore them if they wish. The account cannot be hacked by receiving or accepting pending payments. LOBSTR doesn't distribute the tokens, they are sent from other users on the Stellar network.

What is the status of the LOBSTR? ›

No incidents or maintenance related to this downtime. No incidents reported today.

Why is MoonPay taking so long to verify? ›

We verify accounts to keep everyone safe when using MoonPay Here's what to know about the time it usually takes: We can often process documents automatically, which only takes a few minutes. But sometimes, we'll need to review documents manually. And this may take longer — potentially a few business days.

How do I get my money out of MoonPay? ›

To enable ACH payouts, follow the steps below:
  1. Click the Sell tab to sell your asset.
  2. Select the asset and amount you want to sell.
  3. Click Continue. ...
  4. Select Bank ACH.
  5. Fill in your Social Security Number.
  6. Confirm your details on Plaid.
  7. Select the bank you want to choose.
  8. Confirm everything and return to MoonPay.

Why did MoonPay decline my transaction? ›

Usually, this happens because of payment or account issues. If your bank says, "Your transaction has been declined", contact your bank for help. The drop may happen if there are card details, verification, address, or suspicious activity issues.

Where can I sell Stellar Lumens? ›

Kraken offers a safe and easy way to sell digital currency. Enjoy market rate trades with low transaction fees and withdrawal fees. Take advantage of our flexible payment options to sell Stellar using a variety of convenient methods including wire transfer, bank transfers and cash withdrawals.

How do I cash out my Xlm? ›

Sell Stellar Lumens for Fiat. Cash Out XLM in a Few Clicks
  1. Enter the amount of XLM that you wish to sell.
  2. Input the bank or card details where you'd like to receive your funds.
  3. Confirm the information to create your sell order.
  4. Send the exact amount of Stellar Lumens to the provided wallet address.

Can you make money with XLM? ›

You can earn % on XLM just like you would with a traditional bank account, but with a key difference: instead of the near-zero % rates of banks, we offer you % on XLM.

How to get money out of lobster? ›

To exercise the right of withdrawal, you must notify us of your decision to withdraw from the contract through making an unequivocal statement by calling 711 (for calls from the Lobster network), or alternatively to +34 711000711, or by sending an email to help@lobster.es.

Is LOBSTR a Stellar wallet? ›

LOBSTR is a crypto wallet for the Stellar network. Powerful and easy to use, LOBSTR is the best tool for managing Lumens (XLM).

How do I remove an asset from LOBSTR? ›

To remove an asset from your account and close the trustline, your asset balance should be zero. To close the trustline and reduce the network reserve for your account by 0.5 XLM, open the asset details by choosing the required asset on the 'Assets' page and use the 'Remove' button.

How does LOBSTR work? ›

LOBSTR Vault uses multisignature technology to maximize security of your digital assets issued on the Stellar network. Each transaction requires several approvals with Vault on multiple devices, using keys that are stored locally on device.

Is LOBSTR a cold wallet? ›

The platform offers a comprehensive suite of security features, including two-factor authentication (2FA), biometric authentication (fingerprint and Face ID), and secure PIN code protection. Moreover, Lobstr Wallet employs cold storage solutions to safeguard user assets from online threats by keeping them offline.

Is coin trackers legit? ›

Trusted by over 2 million crypto users. CoinTracker is the best solution in the world for paying your crypto taxes, bar none. The integrations are simple and precise, and they've thought through all the edge cases. It is the best.

What type of wallet is LOBSTR? ›

The Lobstr wallet provides multi-coin support when it comes to the Stellar project. In this platform you can find the Stellar Lumens coin and all its tokens. It's a web wallet you might use with any kind of a browser, doesn't matter the device you're operating with.

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