Summary: GoBank users can access the crypto market by transferring funds to licensed exchanges that meet U.S. regulatory standards. While the bank doesn’t offer in-app trading, it supports USD deposits to platforms that follow FinCEN guidelines.
Kraken is a strong match for GoBank accounts. It’s fully regulated, offers access to over 200 digital assets, and supports fast, fee-free deposits via ACH or wire. For anyone looking to invest securely, it’s a practical place to start.
- Instant and free USD deposits from GoBank via ACH, bank transfer, credit cards and more.
- Trade and stake over 200 crypto assets with industry-leading fees and tight spreads.
- Registered as a Money Services Business with Financial Crimes Enforcement Network (FinCEN).
Can I Buy Bitcoin with GoBank?
Yes, GoBank customers can invest in Bitcoin by sending USD to a licensed crypto exchange that supports U.S. regulations. While the bank doesn’t offer direct crypto services, it allows secure transfers to FinCEN-registered platforms.
Once your funds reach the exchange, you can buy Bitcoin and other digital assets directly. Just be sure to choose a provider that accepts ACH or debit card deposits from GoBank.
How to Buy Crypto with GoBank
GoBank users can invest in crypto by linking their account to a regulated exchange like Kraken. The platform is FinCEN-registered and supports over 200 digital assets with strong security and competitive fees.
You can fund your Kraken account using ACH, wire transfer, or debit card, all compatible with GoBank. Once your deposit lands, you're ready to trade, invest, or explore features like staking and recurring buys.
Follow these quick steps to get started:
- Create an Account: Sign up on Kraken and complete identity verification.
- Deposit USD: Choose “USD” in the deposit section and link your GoBank account via ACH or card.
- Choose a Crypto: Search for the asset you want to buy, like Bitcoin or Ethereum.
- Make Your Purchase: Enter the amount and confirm your trade. The crypto will appear in your Kraken portfolio.
GoBank Cryptocurrency Policy
GoBank supports customer access to cryptocurrencies by permitting transfers to licensed digital asset exchanges. While it doesn’t offer crypto trading itself, it enables secure funding to platforms that meet U.S. regulatory standards.
Kraken is one such platform, operating as a registered Money Services Business (MSB) under FinCEN through Payward, Inc. (Reg. No. 31000239561651). It also aligns with SEC guidance, offering a safe and compliant entry point into the crypto market.
Digital Asset Investing Fees
Before investing in crypto through Kraken, GoBank users should understand the platform’s fee structure. These costs can impact your returns, especially if you're trading frequently.
- Spot Trading Fees: Kraken charges 0.16% for makers and 0.26% for takers. Fees drop as your monthly trading volume increases.
- Deposit Fees: Crypto deposits are free. ACH and wire transfers in USD may carry small fees depending on the method used.
- Withdrawal Fees: Each crypto has a fixed withdrawal cost. For Bitcoin, it’s typically 0.0005 BTC.
Kraken’s pricing is competitive, especially for high-volume traders. Its clear fee model and low-cost funding options make it a practical choice for GoBank customers entering the crypto market.
What is GoBank?
GoBank is a mobile-only checking account launched by Green Dot in 2013. Built for digital-first users, it offers early direct deposit, mobile check deposit, and access to a wide retail cash deposit network.
The bank operates without physical branches and waives monthly fees with qualifying direct deposits. Its model prioritizes convenience, making it a strong fit for users who prefer flexible, app-based money management.
With features like fee-free ATMs and real-time alerts, GoBank has become a go-to option for customers who value speed, simplicity, and on-the-go control of their finances, especially when pairing with modern platforms like Kraken.
Best Alternative Crypto Exchanges for GoBank Users
If you're using GoBank and exploring crypto beyond Kraken, there are other solid platforms that support USD deposits, are U.S.-regulated, and work well with mobile-first banking.
- Coinbase: Beginner-friendly with a simple interface, instant ACH transfers, and access to 200+ cryptocurrencies. Perfect for first-time traders.
- Gemini: Strong on security and compliance. Offers insured custody, recurring buys, and a sleek mobile app for serious but cautious investors.
- Crypto.com: Best for mobile users who want all-in-one access to trading, Visa rewards, and staking. Compatible with debit card deposits from GoBank.
Each platform accepts U.S. customers, follows FinCEN regulations, and provides a user experience that aligns with GoBank’s emphasis on convenience and control.
Final Thoughts
GoBank gives users the freedom to explore crypto while staying fully within the boundaries of U.S. banking laws. By enabling secure transfers to licensed exchanges, it provides a compliant, no-friction gateway into the digital asset space.
Kraken is the best match for that setup. It’s not only FinCEN-registered but also operates with full reserve backing, regular audits, and deep liquidity across 200+ cryptocurrencies. Its low fees, bank-friendly deposit options, and industry-leading security make it a trusted platform for serious investors.
For GoBank customers who want a reliable, transparent, and regulation-first path into crypto, pairing with Kraken is a smart, future-ready choice.
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.
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