Last update: Jun 16, 2022

How to Buy Crypto with Gobank

Marco velaAuthor: Marco Vela - Fact-checked ✓

Summary: While Gobank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto trading platform.

There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.

They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!

Buy Crypto with eToro
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As mentioned above, just like most banks, Gobank doesn’t offer cryptocurrency trading directly, as setting up a crypto exchange is quite complex and comes with regulations and extra requirements for the banks.

There are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.

Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.

How to buy crypto or bitcoin with Gobank

There are only 4 steps involved, let’s get started!

1. Choose a crypto exchange

As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.

Let’s get started!

Etoro crypto

2. Sign up with the trading platform

The first thing to do is to sign up with the platform.

Sign Up with eToro

Once you’ve completed the initial sign-up process, you’ll have to go through a quick verification process (also known as KYC).

Etoro sign up

3. Funding your account

Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.

4. Buy cryptocurrency

Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.

And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with Gobank.

About Gobank

GoBank is an excellent option for anyone looking for a simple checking account. Although this account does not earn interest nor offer any perks, you can still write checks and access your funds online or via mobile. You can also visit your local ATM to deposit cash. GoBank has a wide network of ATMs. However, if you use an ATM that is not part of the network, there will be a fee.

GoBank is known for its useful tools, which are made to make managing your money and banking much easier. These tools include the ability to set budgets and pay bills, as well as helping you keep within your financial limits.

Anyone looking to increase their long-term savings can benefit from a financial advisor. They can also help you plan for retirement and make investments.

With its entry into the banking sector in 2014, Walmart started offering more than produce and school supplies. Walmart launched the GoBank Checking account in partnership with Green Dot Bank. This account can be opened online, via mobile or at any of the over 100,000 retail locations. The starter kit costs $2.95 and you must fund it with at least $20.

A monthly $8.95 membership fee will be charged when you open an account. This fee can be waived by setting up direct deposit that meets a minimum $500 per statement cycle. You won't be charged for overdrafts, insufficient money, or any other penalty.

Access your checking account online or via mobile at over 40,000 ATMs. You also get ASAP Direct Deposit(tm), mobile bill deposit, bill-pay capabilities and budgeting tools.

The GoBank Checking Account has all the features of other checking accounts. It does not earn interest nor offer any discounts. It simply assists you in saving, spending, and stashing your money. You can use your MasterCard debit card to pay bills, make direct deposits, and set up direct deposits. Although you can write checks, a 12-pack of 12 checks will cost $5.95. You may choose to use your debit card or electronic transfers instead. The Money Vault feature will allow you to stash some money away for savings. However, your money will not earn interest.

A monthly $8.95 membership fee is charged to the account. This fee can be waived by making direct deposits of at least $500 per statement cycle. There are no fees for depositing cash at participating retailers, using ATMs in-network, or overdrafts. However, fees will apply for transactions outside of the network and for any foreign transactions. The bank will charge $3 if you use an ATM that is not in your network.

GoBank is available online and at more than 100,000 retailers. The mobile app can be downloaded through Google Play and Apple AppStore. You can withdraw cash at any local Walmart without having to visit any physical branches (except Vermont). You can find the closest ATM free of charge using the mobile app.

With your GoBank checking account online or mobile, you can do almost anything. You can send and receive money, check your transactions, pay bills, and much more.

The mobile app also offers additional features. You can deposit checks from your mobile device. GoBank's Fortune Teller feature will also be available to you. This tool will help you to avoid overspending by helping you assess your balance, budget, and purchase amounts. The app also has a tool that will help you locate an ATM free of charge.

The GoBank Checking Account doesn't earn interest but you can still save money with a few GoBank tools. GoBank lets you create a budget that is based on your income and monthly expenses. To ensure that you are responsible with your money, you can set up reminders and alerts.

Fortune Teller makes it easier to spend responsibly. It helps you make purchase decisions that are within your budget. Fortune Teller can help you compare the price of a purchase to your balance and budget. This will allow you to see if you can afford the purchase.

You'll also have the Money Vault, a tool that allows you to set aside funds for safekeeping. You won't get interest on your money like you would with a legitimate savings account. It can help you save money for a specific purchase or goal. You can then transfer the money back to your checking account when you are ready to spend it on your goal.

You might not have thought that you could bank with Walmart and other participating retailers. There aren't many accounts you can open at Walmart or other participating banks. You can however open a simple, accessible checking account. You will also find tools that can help you manage your money, such as budgeting and spending tracking. This account is open to anyone over 18. When you open an account online or via the mobile app, you don't need to deposit any minimum amount.


author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.