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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 regulated exchanges in the USA that offer Moneypak card deposits to buy, sell and trade cryptocurrencies.
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.
- Sign up to the eToro US platform and verify your identity.
- Select 'Deposit Funds' and then 'Debit Card' to deposit USD via MoneyPak.
- Enter your Debit Card details to deposit funds.
- Once your USD lands in your eToro account find the asset you want to buy and execute your trae.
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.
Final Thoughts
In conclusion, MoneyPak and Greendot Bank do not offer a direct way for their customers to invest in cryptocurrencies. However, there are regulated exchanges in the USA that accept deposits from MoneyPak cards, such as eToro. eToro is our top pick for MoneyPak and Greendot Bank customers, as they offer a secure and regulated platform to trade not just cryptocurrencies, but also a wide range of stocks, ETFs, commodities and other assets. Although MoneyPak does not have any policies against converting MoneyPak into cryptocurrencies, it is important to thoroughly research and assess the risks associated with investing in digital assets before proceeding.
