Summary: GoBank doesn't support cryptocurrency transactions via digital platforms like online or mobile banking. Customers interested in trading digital assets should use a regulated US crypto broker, such as eToro.
Their platform offers quick, free ACH transfers and supports deposits using debit or credit cards through GoBank's Online Banking. With over 70 cryptocurrencies, competitive fees, and regulatory oversight from FINRA and FinCEN, eToro is a trusted choice for over 30 million global investors.
Best Crypto Exchange for GoBank
- Free and Fast USD deposits via GoBank ACH Transfer or other methods.
- Buy and sell over 3,000 assets including 70+ cryptocurrencies.
- Licensed and regulated by both the FinCEN and the FINRA.
Can you Buy Crypto with GoBank?
Gobank, at this time, does not offer direct support for buying, selling, or holding digital currencies through their online banking system, mobile application, or physical branches. For customers looking to invest in cryptocurrencies, they need to sign up with a licensed digital asset exchange in the USA approved by FinCEN. Once they have deposited USD into the chosen platform, they can proceed to buy or sell various digital currencies.
How to Buy Bitcoin and Crypto with GoBank?
To buy Bitcoin and other digital currencies with your Gobank account in the United States, consider using a regulated platform like eToro. eToro offers fast and cost-effective USD deposits from Gobank and enables you to trade over 80 cryptocurrencies at competitive rates, along with attractive spreads on their exchange, regulated by FinCEN.
Follow these simple four steps to begin trading in no time:
- Sign up for a free eToro account and complete the verification process.
- Choose 'Deposit', select your desired method, and transfer USD from your Gobank account.
- Utilize the search bar to locate your desired cryptocurrency, then click 'Trade'.
- Input the amount in USD you wish to invest and click 'Execute Trade'.
GoBank Cryptocurrency Policy
Gobank has adapted its stance on cryptocurrency in response to the evolving digital asset landscape. The bank now supports transactions with regulated crypto exchanges, enabling account holders to engage more freely with the world of digital currencies.
In the past, Gobank sometimes froze customer funds during USD transfers to specific crypto exchanges. This approach has been phased out, allowing account holders to access digital assets with greater ease through regulated trading platforms.
What is GoBank?
Gobank is a mobile banking service designed to offer a user-friendly and convenient banking experience. It operates as a division of Green Dot Corporation, which is a financial technology company and a major provider of prepaid debit cards and related services in the United States. Gobank primarily functions as a digital bank, offering various features such as online account management, mobile check deposit, bill pay, and a network of free ATMs.
Customers can open a Gobank account online or through their mobile app, eliminating the need to visit physical branches. Gobank aims to cater to the modern, tech-savvy individual by providing a simple, accessible, and cost-effective banking solution.
In conclusion, while Gobank doesn't directly support crypto transactions, it allows users to engage with the digital asset market through regulated platforms like eToro. Gobank customers can follow the outlined four-step process to begin trading cryptocurrencies, benefiting from updated policies that ensure a smooth experience with regulated exchanges.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.