Token Conversions

Overview

Convert between tokens on any blockchain supported by the MoonPay app

What are token conversions?

MoonPay now allows you to connect to decentralised providers to convert one cryptocurrency to another — directly from within your MoonPay account — without needing to move your assets to another app or wallet.
This new feature expands our DeFi services by supporting token conversion capabilities across all supported networks, making it easier than ever to exchange tokens like ETH for SOL or USDC for BONK, all in one seamless experience.

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Note

These conversions are powered by third-party decentralized finance (DeFi) providers that are not controlled by MoonPay. MoonPay does not directly provide these services and does not execute these trades. When using this convert function, users interact directly with unregulated decentralised platforms, not MoonPay.

For more details, please see our DeFi Trading FAQ, which provides more information about DeFi trading

What's new?

• All-in-one convert screen
  • Convert any crypto to any other crypto using a simple TO and FROM format.
• Works across blockchains
  • Convert tokens even if they are on completely different networks.
• Supports many token combinations
  • We offer a wide selection of token pairs, powered by our trusted third-party providers.
• Available in different parts of the app
  • Use the convert feature from the home screen or your portfolio. If you want to convert tokens to SOL (for example, for staking), you cannot currently do that directly in the staking flow.

How it works

1. Choose your tokens on the ‘Convert’ page
   Select the crypto you want to convert from, and what you want to receive

   

2. See the details
   You’ll get a quote from a third party that includes the amount you’ll receive and any applicable fees

   

3. Confirm and convert
   Once you’re happy with the details, confirm the conversion with our DeFi partners. Your new crypto will be added to your MoonPay account once the DeFi partner completes the process.

Common use cases

• Rebalancing your portfolio
  • Change your portfolio makeup (e.g., SOL to ETH)
• Convert to stablecoins
  • Convert other tokens to a stablecoins meant to be pegged to a fixed value
• Preparing for staking
  • Convert ETH to SOL so you can start staking SOL and earning rewards.
• DeFi use case
  • Use your tokens in decentralized finance (DeFi) protocols by converting to supported tokens. Learn more here.

Frequently Asked Questions (FAQs)

• Can I convert between different types of tokens?
  • Yes. You can convert any supported token to another, even if they are on different networks (e.g., SOL to ETH). One conversion flow — no extra steps required.
• Where does the conversion happen?
  • The conversion is powered by third-party decentralised providers but it is accessible from your MoonPay account. You don’t need any external wallet or app.
• How long does a conversion take?
  • Most conversions are completed within a few minutes, depending on blockchain traffic and network confirmations.
• What happens if the conversion fails?
  • If the conversion does not go through, your original tokens will remain in your wallet.
• Where can I access the convert feature?
  • From the main screen in the app
  • Inside your crypto portfolio
  • During actions like sending
• Can I cancel a conversion?
  • Once confirmed, conversions can’t be cancelled because the transaction is sent to the blockchain right away.
• Is the convert feature available in my region?
  • Token conversions are available in most regions where MoonPay operates. However, they are not currently supported in New York or the European Economic Area (EEA) due to regulatory restrictions. We're working to expand availability and will update our Help Center as things change.

Which third party providers does MoonPay work with to enable DeFi Trading?

MoonPay facilitates access to this token conversion service by connecting users to decentralised service providers, including decentralised liquidity aggregators. MoonPay currently integrates the following DEXs or DEX aggregators into its platform to facilitate trading. This list may be updated from time to time.

• swaps.xyz
  Swaps.xyz is a company operating in the DeFi space, providing services that facilitate seamless cross-chain transactions. It focuses on enhancing interoperability between various blockchain networks, allowing users to transfer assets smoothly across different chains. As a decentralised Liquidity Aggregator, Swaps.xyz helps users find the best trading routes across multiple DEXs and other liquidity providers.
• Jupiter
  Jupiter is involved in DeFi, focusing on providing liquidity solutions and trading services. As a decentralised Liquidity Aggregator, Jupiter helps users find the best trading routes across multiple Solana-based DEXs and other liquidity providers.
  MoonPay also uses certain third parties to provide support for DeFi Trading, including:
• Codex
  Codex is a company that focuses on providing secure digital solutions and platforms. It specializes in handling and managing sensitive data, ensuring privacy and security for its clients and providing information about certain crypto assets. MoonPay uses Codex to source information about a token listed on a DEX, such as name, symbol, and trading volume, which is then displayed via the DEX integration screens

Are there any risks associated with DEX trading?

Trading on a DEXs involves a higher level of risk compared to services of regulated providers, like your MoonPay Rails service where you buy, sell, or swap crypto assets directly with MoonPay. This section provides an overview of some of the risks associated with DEX trading but does not cover all possible risks.

Before trading on a DEX, you should carefully consider whether you are prepared and able to accept these risks, as well as any other potential risks that may arise. We strongly encourage all users to conduct their own research before purchasing or trading on a DEX.
For more information on general crypto asset risks, please see above under ‘Are there any risks associated with trading crypto assets?’ and MoonPay Rails’ Risk Disclosures.

Smart Contract Risk
DEXs operate via autonomous smart contracts, which operate automatically based on coded rules, without manual intervention. Bugs or vulnerabilities may be exploited or fail, potentially leading to partial or total loss of crypto-assets. Such bugs and vulnerabilities may not be (immediately) detectable or fixable.

Operational and Security Vulnerabilities
DEXs may have flawed code, weak protocol design, or inadequate security audits, which can increase the likelihood of hacks or unintended outcomes. Operational and security vulnerabilities are increased in the event of DEXs due to its complex, multi-layered infrastructure, composability, and the autonomous operation of smart contracts, as well as the unregulated nature of DEXs.

Crypto Asset Risk
Unlike regulated platforms, which review and vet crypto assets before making crypto assets available, DEXs may list assets without any due diligence. This increases the risk of fraudulent or misleading crypto assets. It's important to do your own research.

Speculative Nature and Volatility
Many DEX-traded assets, such as meme coins, are highly speculative and can experience extreme and unpredictable price swings. Their value is often driven by hype or social media sentiment rather than underlying fundamentals, increasing the risk of significant and sudden losses.

Network Risk
DEXs rely on blockchain networks. If the underlying network experiences congestion, outages, technical failures, or attacks, trading on the DEX may be disrupted, delayed, or result in failed transactions. These issues can limit access to assets and in some cases cause losses. Regulated platforms face these risks also but often have more infrastructure to prevent or mitigate these risks.

Counterparty Risk
When trading on a DEX through the MoonPay platform, users transact directly with unknown third parties. MoonPay is not the counterparty to any transaction executed on or through a DEX and cannot verify the identity, intentions, or trustworthiness of other users.

Market Abuse Risk
DEX activity is not closely monitored for manipulative practices such as wash trading, front-running or pump-and-dump. This makes DEX trading more vulnerable to misleading prices and volumes compared to regulated alternatives.

Lack of Accountability and Support
DEX often have no known operator and offer no customer support. This means there may be no responsible party or help to address fraud, disputes, or technical failures.

Still have questions?

If you need help with a specific conversion or have any issues, please contact our support team.