Moon.com is a leveraged betting product on the price of crypto, equities, futures, commodities and forex. You bet on a direction and a wager, not on owning the asset. Moon offers leverage of up to 1000x, depending on the market and conditions. Your loss is capped at your wager. The bet closes automatically at the max loss price, and your balance cannot go below zero because of a bet. This review covers how a bet works, what it costs, how Moon sets its prices, and who the product suits. Every figure below links to Moon's own help centre, checked 10 September 2026.
What Moon.com is
Moon is a leveraged betting platform. It is not a crypto exchange and not a stock broker. When you place a bet on Moon, you never own the underlying asset, whether that asset is Bitcoin, a share or a currency pair. You are betting on the direction its price moves.
Moon offers leverage of up to 1000x, depending on the market and conditions. Leverage multiplies your exposure to the price move without multiplying what you can lose. Your loss is capped at your wager. The bet closes automatically at the max loss price, and your balance cannot go below zero because of a bet. That cap is the core mechanic of the product, and it is worth reading in full on how leverage works on Moon.
What you can bet on
Moon offers wagers on cryptocurrency, equities, futures, commodities and forex, around the clock. A single account covers five asset classes, so you do not need separate accounts to move between a crypto pair and a stock index.
How a bet works
A bet on Moon has a direction, up or down, a wager amount and a leverage amount. The wager is the most you can lose. You choose a direction, up or down, set a wager and set a leverage amount. Moon calculates a max loss price from those three inputs. The max loss price is calculated when the bet opens and is shown on the wager summary, in the open bets list and as a red line on the chart.
Optional auto profit close and auto loss close settings close a bet automatically at a chosen profit or loss percentage. These settings let you fix a profit target or a loss limit before the bet runs, rather than watching the position yourself. Leveraged betting can lose your whole wager, and higher leverage means a smaller price move reaches the max loss price. Moon is only for users 18 and older, in a country or region where Moon is supported.
The three fees, in brief
Moon charges a 1% opening fee when a new bet is opened, calculated on the wager amount only, not on the leveraged exposure. A holding fee is assessed every 8 hours while a bet stays open. Moon states the rate is dynamic, moves with market conditions, volatility, liquidity and funding costs, and is displayed inside the platform. When a bet closes at a profit, a performance fee applies. Moon states it is calculated on realised profit, is subject to a minimum of 10% of realised profit, and is not charged on losing bets. Moon displays the applicable fee on the wager summary before you confirm a bet. The full breakdown, with Moon's own worked examples, is on Moon.com fees explained.
How Moon.com sets its prices
Moon prices bets from aggregated market data: dxFeed for equities, futures, options and forex, Pyth for exchange prices, and the SEDA Protocol oracle for extended-hours prices. Moon aggregates these sources rather than quoting one exchange, so a single thin order book has less power over the price a bet settles at.
For equities that stop trading after exchange hours, Moon continues to price bets from independent sources and oracle data until the exchange reopens. That distinguishes Moon from a stock broker whose price freezes when its exchange closes. On Moon, a position on an equity keeps moving with the market's off-hours activity.
Security features
Moon supports two-factor authentication with an authenticator app, passkey login, a list of active sessions you can disconnect, and automatic logout of every session after a password reset. Turn on two-factor authentication and passkey login before you fund the account.
Getting started: verification, deposits and the app
To create an account you must reside in a country or region where Moon is available and supported. Identity verification must be submitted before you can make a deposit, and approved before you can withdraw funds. Moon states that at this time it supports cryptocurrency deposits only: pick the asset, copy the deposit address, and send from an external wallet on the matching network. Read Moon.com KYC and deposits before you register, so the documents are ready.
Moon does not currently offer a native mobile app. It runs in a mobile browser and can be added to the home screen as a progressive web app. Moon has a play money mode with a simulated balance that refills to $100,000 without limit, with the same wagering features as the live platform. New users can try the mechanics on play money before a single real deposit goes in.
What Moon.com does not state
Moon's help centre does not publish a user count, a founding date, a company registration or a licence number. It does not name the countries where the product is supported beyond asking you to confirm you reside in one before you register. We do not guess these details, and a review that states a number here without a source is guessing too.
Who Moon.com suits, and who it does not
Likely a fit
- You want one account for crypto, equities, futures, commodities and forex.
- You want a fixed maximum loss set at your wager, not an open-ended risk.
- You want the fee shown before you confirm, not after.
- You already hold cryptocurrency to fund the account.
- You want a play money mode to learn the mechanics first.
Likely a poor fit
- You want to own the underlying asset, not bet on its price.
- You have no cryptocurrency, since deposits are crypto only.
- You want a fixed, published holding fee rather than a dynamic one.
- You want a native mobile app rather than a mobile browser.
- You want a published licence or company address before you register.
Verdict
Moon.com is a leveraged betting product, not an exchange. It covers five asset classes with leverage up to 1000x. Its help centre explains its three fees, its pricing sources and its security features in specific terms. It does not publish company details, a licence or a list of supported countries, so verify eligibility for yourself before you register. Read the fee on your own wager summary and size the bet to what you can afford to lose. Treat the leverage number as a measure of risk, not a promise of profit.
Sources
Every figure on this page comes from one of these. We link them so you can check us rather than trust us.