Moonshot App for Solana Explained

What is Moonshot on Solana?

Moonshot is a self-custodial memecoin wallet and trading app on Solana, available only on iOS and Android. It connects users to decentralized exchanges (DEXs) for direct on-chain swaps while ensuring full control over funds.

The launch of President-elect Donald Trump’s $TRUMP memecoin pushed Moonshot to #1 in finance and #7 overall on the U.S. Apple App Store, surpassing Instagram and TikTok. The token, now valued at over $30 billion fully diluted, drove $400 million in volume and onboarded 200,000+ users to Moonshot within 12 hours.

Moonshot supports fiat deposits and withdrawals via MoonPay, allowing purchases with Apple Pay, debit/credit cards, and bank transfers, converting cash into USDC before trading. Transactions include network fees, priority fees, and an administrative charge, with adjustable slippage tolerance for volatility.

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How to Trade Meme Coins on Moonshot

Moonshot makes trading memecoins accessible with a mobile-first design for the modern onchain trader in the trenches. Follow these simple steps to start:

1. Download and Set Up

Install Moonshot on iOS or Android. Sign up with an email and passkey, using Face ID or Touch ID for authentication. A self-custodial wallet is generated via MPC security (Turnkey.com).

2. Deposit Funds

Add cash through Apple Pay, credit/debit cards, or bank transfers via MoonPay. Deposits convert to USDC for trading.

3. Buy Memecoins

Search tokens by name, ticker, or contract address. Verified tokens display market cap, volume, and social trends. Adjust slippage tolerance (default: 5%) before confirming trades.

4. Track and Sell Holdings

Monitor live price updates and portfolio performance. Sell memecoins for USDC, withdraw to a bank, or reinvest.

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Moonshot Supported Countries

Moonshot is available in countries where crypto trading and self-custodial wallets are legal. Full support, including fiat deposits and withdrawals via MoonPay, is available in the USA, UK, EU, Canada, Australia, and Singapore.

Trading-only access is available in Hong Kong, UAE, Japan, Brazil, and South Korea, while the app is unavailable in China, India, Russia, North Korea, Pakistan, and Saudi Arabia due to regulatory bans. 

Availability may change, so users should check the app terms of service for updates.

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Can I Withdraw Money from Moonshot to a Bank?

Yes, Moonshot supports bank withdrawals in select regions through MoonPay, which converts USDC to fiat via bank transfer, credit/debit card, or Apple Pay. 

Processing times vary from minutes to a few business days based on banking networks and compliance checks.

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Is the Moonshot App Legit?

Yes, Moonshot is a legitimate crypto trading app, though its founders remain anonymous. It is a portfolio company of Alliance, a leading Web3 VC and accelerator backed by Qiao Wang (@QwQiao). 

The app operates as a self-custodial wallet, with fiat on/off-ramping handled by MoonPay, a regulated provider. Security relies on Multi-Party Computation (MPC) via Turnkey.com, ensuring users retain full control of their funds.

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Final Thoughts

Moonshot’s rise shows strong demand for fast, self-custodial memecoin trading. Running on Solana, it connects users directly to DEXs with no intermediaries.

While the app simplifies trading, memecoins are highly speculative, and self-custody means full responsibility. Users should factor in fees, market risks, and regional restrictions as regulations evolve.