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How to buy Crypto with MoneyPak

How to buy Crypto with MoneyPak

Sara White
Fact Checked
Aug 27, 2022

Summary: There is no way to buy Bitcoin with MoneyPak directly through any of their native financial services.

MoneyPak customers will need to use a peer-to-peer exchange or a centralized platform like eToro to convert MoneyPak to Bitcoin.

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Platform Highlights

Can I buy Bitcoin with MoneyPak?

MoneyPak and Greendot Bank both do not offer any way for their customers to buy Bitcoin with directly through the their platform. That said, there are some P2P Bitcoin exchanges (peer-to-peer) that offer Moneypak card deposits, but these platforms are unregulated and ultimately unsafe.

MoneyPak

How to buy Bitcoin with a MoneyPak Debit Card

There is one safe and regulated Cryptocurrency & Stock exchange in the United States called eToro that accepts debit cards like MoneyPak. While it is not a pure Bitcoin exchange, it does offer over 80 cryptocurrencies as well as 8,000+ stocks, bonds, ETFs and commodities.

You can follow the guide below to deposit USD into eToro to buy Bitcoin with a MoneyPak debit card.

  1. Sign up to the eToro US platform and verify your identity.
  2. Select 'Deposit Funds' and then 'Debit Card' to deposit USD via MoneyPak.
  3. Enter your Debit Card details to deposit funds.
  4. Once your USD lands in your eToro account find the asset you want to buy and execute your trae.
buy bitcoin with moneypak

MoneyPak Cryptocurrency Policy

As at time of writing, MoneyPak does not have any adverse company policies that prohibits customers from converting MoneyPak for Bitcoin. This means you will not get banned or fined for using P2P exchange services to convert MoneyPak to Bitcoin, Ethereum or another digital asset.

About MoneyPak

Moneypak is a financial services company that provides prepaid debit cards and money transfer services. Moneypak was founded in 2009 and is headquartered in San Francisco, California. Their platform offers a variety of financial services, including prepaid debit cards, money transfers, bill pay, and mobile check deposit.

Moneypak is a safe and convenient way to send and receive money. Moneypak offers a variety of features that make it a great choice for those looking for an alternative to traditional banking products and services. Moneypak also offers a mobile app that allows customers to manage their accounts and transactions.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

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