How to Buy Bitcoin with Green Dot MoneyPak

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Author: Mr. KingsHOK
An accountant who turned cryptopreneur to pursue my interest in crypto and decentralized finance. Let me show you how to invest safely in the space with my experience over the years.

There’s no way to directly buy Bitcoins with MoneyPak through their financial services.

MoneyPak is a popular over-the-counter method of payment for buying and selling Bitcoin instantly and securely.

However, Green Dot customers need to use a P2P exchange marketplace to convert MoneyPak to Bitcoin.

In this guide, you will learn how to buy Bitcoin with Green Dot MoneyPak account instantly, without facing cryptocurrency scams.

Lets get started…

How to buy Bitcoin with MoneyPak

If you’re buying Bitcoin in high volumes with MoneyPak our recommendation is to use LocalBitcoins for your needs.

Here are the steps to buy Bitcoins with MoneyPak on LBC

  1. Visit LocalBitcoins marketplace
  2. Create or login to your account
  3. Verify your account through KYC
  4. Go to ‘Buy Bitcoin’ and look for MoneyPak
  5. Open a trade with the vendor
  6. Follow and complete the terms
  7. Receive Bitcoins directly into your account wallet.

That’s it! You have successfully purchased Bitcoin with Green Dot MoneyPak as a payment method.

What is MoneyPak?

Established in 1999, Green Dot Corporation is now the largest prepaid debit card company in the United States of America.

MoneyPak offers its customers a way to load, send and spend money instantly.

MoneyPak prepaid debit cards are oftentimes used for shopping online and can be loaded onto PayPal.

Can I buy MoneyPak with Bitcoin?

Yes of course, you can convert your Bitcoin to MoneyPak the same way you bought BTC with it.

All your need is to find someone that wants to buy Bitcoin with MoneyPak.

Create a P2P transaction with the person, and have the funds transferred directly into your MoneyPak account.

Your turn

At the point, I believe you’ve learned to buy Bitcoin with MoneyPak payment method using a peer-to-peer marketplace platform.

MoneyPak does not currently offer anyway for their customers to buy Bitcoin directly through their platform.

There are some P2P Bitcoin exchanges that offer Moneypak card deposits, but these exchanges are unregulated and unsafe.

Lastly, always make use of a reliable crypto VPN (Virtual Private Network) to keep your transactions anonymous.