What you can bet on
Moon offers wagers on cryptocurrency, equities, futures, commodities and forex, around the clock. One account covers all five, so you do not switch platforms to move from a crypto pair to a stock index or a currency pair.
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 pick a direction, up or down, a wager and a leverage amount, and Moon settles the bet on the price move from there.
Leverage and your maximum loss
Moon offers leverage of up to 1000x, depending on the market and conditions. Leverage multiplies your exposure to a price move. It does not multiply 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.
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. Those settings let you fix a profit target or a loss limit before the bet runs, instead of watching the position yourself.
Leveraged betting can lose your whole wager. Higher leverage means a smaller price move reaches the max loss price and closes the bet. Read how leverage works on Moon for the full mechanics, with Moon's own worked example.
Published fees and unresolved costs
Moon charges a 1% opening fee when a new bet is opened, calculated on the wager amount only, not on the leveraged exposure. The current fee article omits holding fees. Section 8.5 of Moon’s terms still permits them. We have not confirmed the current interval, rate or calculation base. 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.
Getting started
Moon’s terms restrict access by residence, citizenship and location. Read section 3.2 and applicable local rules; absence from the named list does not establish eligibility. 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. The step-by-step process, including the documents Moon asks for, is on Moon.com KYC and deposits.
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. A new account can try the mechanics on play money before a real deposit goes in. Read the Moon.com review for how the product compares on fees, pricing and security.
Sources
References for this guide. The review notes below include dates and questions we have not yet resolved.
Review notes
- Sources differ ·
- The current fee article omits holding fees. Section 8.5 of Moon’s terms still permits them. We have not confirmed the current interval, rate or calculation base.
- Operator statement ·
- Moon’s terms restrict access by residence, citizenship and location. Read section 3.2 and applicable local rules; absence from the named list does not establish eligibility.