How to Buy Moneda Tokens
There are three ways to buy Moneda tokens:
- You can buy them directly from Monetran via a bank to bank transfer (ACH). To do this, first open a Monetran account. Then, select “Add Funds” from the navigation bar. Enter the amount of USD you wish to be converted to Moneda tokens. Monetran will debit that amount from the bank account you gave us when you opened your Monetran account. Once your funds are received, we will deposit the tokens into your Monetran account. Note: This is the least expensive way to buy Moneda tokens.
- You can also buy tokens directly from Monetran via a domestic or international wire transfer. To do this, first open a Monetran account. Then, send the amount of USD you wish to be converted to Moneda tokens directly to Monetran via a domestic or, if you are outside of the U.S., an international wire transfer. Put this in the memo: Buy Moneda (include the email address you used to open your Monetran account.) Once your funds are received and have cleared, we will deposit the tokens into your Monetran account. Note: This method incurs a transaction fee from your bank of approximately $30 USD. Monetran receives none of that fee.
- Finally, you will soon be able to buy Moneda on the Stellar decentralized exchange, now known as Stellar Term. To do this, first open an account with one of the third party on-ramps to the exchange. Follow the instructions on the site. Note 1: Tokens cannot be purchased with fiat currency on these sites. To buy Moneda tokens you must purchase them with cryptocurrency, such as Stellar Lumens (XLM.) Note 2: Always check the price for Moneda on the Monetran site before buying from a third party. The price quoted by Monetran will reflect the amount of USD that backs each Moneda token.
IMPORTANT: To make purchases directly from Monetran, contact us at email@example.com for banking information. This is for domestic / international wire purchases.
EFFECTIVE 11/1/22: There will be a $25 minimum to purchase Moneda tokens and a $20 minimum redemption amount.
Memo: Buy Moneda (plus the email you used to open your Monetran account.)