muchbetter brand logo

Comprehensive MuchBetter Review by Ewallet specialist

For years, MuchBetter has been a titan of the e-money industry. They offer users an incredibly intuitive way to send and receive money, pay merchants, and invest in crypto and forex – but does the platform offer enough to be worth it for you? 

While we can’t answer that question, we can do you one better with a full review. As a long-time partner of MuchBetter, we here at EwalletUpgrades are uniquely suited to explain what works (and what doesn’t) with MuchBetter’s broad array of services. 

What is MuchBetter?

First things first, some definitions are in order. 

Before we’ll even touch on reviewing MuchBetter, we need to clear a few things; namely, what is MuchBetter, are they safe, and should you trust them with your money?

MuchBetter is an e-money service that allows users to complete P2P and merchant transactions alike using multiple forms of global currency. 

The primary focuses of MuchBetter are allowing its users to send and receive money quickly, buy and sell forex and cryptocurrency, and game online safely. 

They’re a U.K.-based company that was founded in 2017 and is regulated by the British Financial Conduct Authority (FCA). As such, they’re held to a truly incredible standard of security, but let’s be honest – that’s a good thing. It’s far easier to rest at night knowing that the people handling your money report to one of the most well-respected and feared financial regulatory bodies in the world.

That brings us to the next and, arguably, most important point – is MuchBetter safe?

Is MuchBetter Safe?

When you make the decision to trust anyone with your money, it can be stressful. MuchBetter knows this and has done an incredible job of ensuring that every user can rest easy knowing their account and data are as secure as possible.

We’ll get into this more in the “Security” section down below, but the long and short of it is that MuchBetter offers some of the best security features in the industry for its users. They use multiple steps to verify that you’re a real person and double down on keeping others out of your account and data.

Is MuchBetter Legit?

This is another question that most (smart) people will ask before making a decision on whether to trust MuchBetter. As mentioned above, MuchBetter is a registered company based out of the U.K. that is regulated by the FCA. 

Add in the fact that MuchBetter has operated for over five years now with millions of annual users, and things seem to look a bit better! But if you want to see the fine print for yourself, click here. You’ll be taken to the MuchBetter legal page, where you’ll see all of their legal details on regulation, operation, and more. 

MuchBetter Review

This is where we get to talk about the details of MuchBetter’s service. It’s worth noting that we’ve published guides for registrationverification, and a swathe of other bits already.

Now – let’s take a peek at MuchBetter’s fees.

MuchBetter Fees & Limits

This is one of the more big-picture things to keep in mind when selecting an e-money service. Not all are created equally, and you’ll find that fees vary drastically in the industry, depending on who’s offering what.

Now, we’ve already covered MuchBetter’s fees in-depth here and their limits here – so head there for a full breakdown. Otherwise, you can check out the highlights below:

  • Depositing via bank is always free, as are deposits through debit cards or pay-by-bank apps.
  • Sending and receiving money from friends (P2P) is always free.
  • All merchant transactions are free for MuchBetter users.
  • Currency conversion (FX) costs a 0.99% fee per transaction.
  • Compared to other services with fees between 2-4%, this looks pretty good…
  • Online, contactless, and in-person transactions with a MuchBetter card are always free.
  • Withdrawal of cryptocurrency comes with a 2% fee.

MuchBetter Limits at a Glance:

  • Verified accounts have far more lenient limits than unverified accounts.
  • MuchBetter MasterCard purchases are limited to 5 per day of £300 or less
  • ATM limits are measured the same, with slightly higher spending limits than merchant purchases.
  • Users may make up to five contactless payments before needing to re-enter their security PIN.

The long and short of things is that MuchBetter offers fees and limits that are not only well within industry standards, but they make a number of features entirely free. That’s a very good start if you ask us…

MuchBetter Security

Now – we promised we’d get here. MuchBetter has made a number of claims that they offer state-of-the-art security measures to protect your money and data – but are those claims true?

Among the security features they use are:

  • Device pairing, a mobile-only app
  • Touch ID and/or biometric locks
  • Dynamic security (CVV) codes
  • This is a patent-pending proprietary security measure that is the first of its kind.
  • Transaction review system
  • Two-Factor Authentication (2FA)
  • PCI DSS compliant
  • Secure Socket Layer (SSL) encryption

This is the most modern form of encryption and is used by most financial institutions, including competitors such as Skrill and Neteller – whose security we loved.

In other words, MuchBetter offers exactly what they say – the best security features money can buy. They’ve even gone so far as to create proprietary security systems to modernize the already-secure MuchBetter card.

It really doesn’t get much more secure than that.

MuchBetter Rewards

As for rewards, this is where MuchBetter has some issues. Their competitors offer a tier-based VIP system with clear rewards: the more you use their system, the lower your fees and the higher your account limits. Some groups even offer cashback and other incentives – but not MuchBetter.

MuchBetter has a rewards system that’s a bit different. They essentially run multiple lottery-style drawings each year, with users granted points to invest as one entry to gain one of a handful of prizes. Past winners have gotten all-expenses-paid trips to Las Vegas, the opportunity to see and meet their favourite footballers or tennis players, and even a straightforward $60,000 in cash!

While we can’t say that they offer too much to incentivise users, the truth is that their rewards system is actually pretty cool. All users are able to enter and gain points, though those who use the platform most will be more likely to win. 

If you’d like to see a full breakdown of the MuchBetter Rewards programme, click here.

MuchBetter Pros & Cons


One of the most widely accepted forms of payment for online gambling, forex, and crypto exchange across Europe, Asia, Latin America, and Africa.

  • Incredibly secure
  • Streamlined (and free) registration and verification process.
  • Multiple global currencies
  • Favourable exchange rates between USD, GBP, and EUR
  • Extremely low forex and cryptocurrency fees
  • All merchant and VIP transactions are free
  • Withdrawals are cheaper than similar services
  • Excellent digital wallet and service for those in the EEA/UK
  • Intuitive, well-designed mobile app


  •  Unavailable in parts of the Middle East, all of the U.S., and several other areas.
  • No VIP programme
  • MasterCard only available in the EU

Final Verdict

Ultimately, MuchBetter has impressed us at EwalletUpgrades time and again. They offer incredibly low fees for all users, very reasonable limits on transactions, and offer best-in-class security for their users. While they don’t offer a VIP programme, the MuchBetter MegaDraw has loads of awesome rewards for users. And importantly, they’re available to all users rather than locked behind a VIP tier system.

The truth of the matter is that MuchBetter offers some of the best terms in the market for people who want to send and receive money with friends, pay merchants, and gamble or invest online. We would love to see MuchBetter extend their services to more countries, but they’re so widely available that users in the EU, U.K., and Latin America will be served very well with a MuchBetter account.

Best of all, it takes a matter of minutes to register and verify – so what are you waiting for?

We are an approved AstroPay partner, which means when you sign up to us we are able to provide you with many benefits that you can see listed below.

  • Instant AstroPay Black Level VIP Upgrade
  • 1.00-1.80% AstroPay VIP Cashback
  • Free Verification (no deposit required)
  • Fast-track AstroPay Verification
  • Free AstroPay P2P Transfers

Click the button below to register at AstroPay (or skip to step 2 if you are already registered):

Recent MuchBetter News