How To Safely Buy Bitcoin & Crypto In Minutes With GoBank

buy crypto gobank
Mike Harry
Feb 2024
4 min to read
Fact checked

Summary: If you want to buy cryptocurrencies like Bitcoin with GoBank, we recommend using eToro as you can’t do it with GoBank directly. eToro is regulated in the US by FinCEN which makes them safe to use. Moreover, it offers a user-friendly platform that make it easy to buy and sell cryptocurrencies. Deposit funds from your bank today and easily buy and sell over 1,000 digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and many others! 

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+3000 Cryptos, Stocks, ETFs

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Can you buy crypto with GoBank?

For those interested in investing in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), it is not possible to do so directly via GoBank.

Buy Bitcoin with GoBank and eToro
Buy Bitcoin with GoBank and eToro

While GoBank doesn't offer direct access to cryptocurrency investments, you can still invest in digital assets by using regulated cryptocurrency exchanges like eToro.

How to buy crypto with GoBank?

GoBank does not currently offer direct access for its customers to buy and sell cryptocurrencies on its platform.

Instead, customer of GoBank can still invest in digital assets by using FinCEN regulated cryptocurrency exchanges like eToro.

The process to signup is really simple and only takes a few minutes to complete. Once the signup process has been completed, the next step is to deposit funds.

This can be done via ACH transfer (free of charge) or credit/debit card deposit which costs a few bucks.

Once your funds have been transferred from GoBank to your exchange account, you can begin investing in cryptocurrencies such as BTC, ETH, SOL, ADA, XRP and many others.

How to sign up

1. Create Account: Signup and add your identity verification.‍
2. Deposit Funds:
Via your GoBank account or Credit/Debit Card. 
3. Start Buying:
Once your deposit has arrived in your account.
Buy Crypto with GoBank and eToro
Buy Crypto with GoBank and eToro

Can i buy crypto with GoBank credit card?

If you're interested in buying cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) using your GoBank credit/debit card, the good news is that it's possible.

However, you will need to use regulated external exchanges like eToro to facilitate your purchases.

eToro allow customers to deposit funds into their accounts using credit/debit card payments, which means that you can quickly and conveniently add funds to your account and start investing in cryptocurrencies.

Is GoBank a real Bank?

GoBank was founded in 2014 through a partnership between Walmart and Green Dot bank. The goal was to offer the ultimate mobile bank account with no hidden fees.

GoBank Website
GoBank Website

GoBank’s digital bank is designed to simplify banking with quick signups, affordable access, and seamless management of your money. Users can open an account with GoBank online, via mobile, or through any of the over 100,000 retail locations.

This platform delivers numerous functionalities: from basic tasks like bill payments and balance checks to innovative solutions like smartphone camera check deposits.

Additionally, GoBank introduced the "Money Vault" feature, providing users a distinction between their savings and spending money, although it's notable that this feature doesn't accrue interest.

For the convenience it offers, GoBank charges a monthly fee of $8.95. However, this fee can be waived if users set up a direct deposit of a minimum of $500 every month.

While the bank doesn't operate physical branches, customers can deposit cash via specific retailers. And while the account itself doesn't yield interest, GoBank provides budgeting tools designed to assist users in adhering to their financial plans.

They offer interest rates up to 1%, up to 7% cashback, and free cash withdrawals from 1000s of ATMs. Gobank is FDIC-insured and has served more than 30 million customers over the last 22 years.  

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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