How To Buy Crypto with Gobank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a cryptocurrency trading platform. However, that doesn’t mean you can’t use your Gobank account to buy crypto.

All you need is a reliable and trusted cryptocurrency exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with Gobank

As stated above, just like with the vast majority of banks, you can’t buy crypto with Gobank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a crypto exchange.

However, luckily for us, there are plenty of crypto exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a crypto exchange

While there are a lot of crypto exchanges, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your Gobank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About Gobank

GoBank is a great choice for those who are looking for a very simple checking account. The account does not earn interest and doesn't come with any additional perks. However, you can write checks with it. You can also access it online or on your mobile. If you need cash to deposit, you can go to your nearest ATM for free. GoBank offers a large network ATMs. If you use an ATM outside the network, however, you will incur a fee.

GoBank is distinguished by its convenient tools that make managing your finances and banking easier. These tools can help you create a budget, pay bills, and keep your finances in check.

Anybody looking to maximize their long term savings potential can find a financial advisor a great partner. A financial advisor can also help with retirement planning, investments, estate planning, and other matters.

Walmart expanded its offerings beyond produce and school supplies in 2014 with its first foray into banking. Walmart started offering the GoBank CheckingAccount in partnership with Green Dot Bank. This account is available online, mobile or in-store at one of more than 100,000 retailers. You can purchase a starter kit for $2.95, and fund the account with at minimum $20.

You will pay $8.95 per month for an account you open. Direct deposits of at least $500 each cycle can help you waive this monthly fee. Overdraft fees, insufficient funds, and other penalties will not be assessed to your account.

Online, mobile and at over 40,000 ATMs you can access your checking accounts. This account includes ASAP Direct Deposit(tm), mobile deposit, bill payment capabilities, budgeting tools, and savings tools.

The GoBank Checking Account works as well as all other checking accounts. It doesn't offer any special discounts or earn interest. It is a tool that helps you save, stash and spend money. You can pay your bills, set up direct deposit and use your MasterCard debit cards. While you have the ability to write checks, a set of 12 checks is $5.95. So, it's worth considering whether your debit card can be used for electronic transfers and payments. Access to the Money Vault feature allows you to save money. Your money won't earn any interest.

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