MoneyGram is a fast, secure payment method that provides smooth access to buying BTC, SOL, or any cryptocurrency of your choice. The platform also provides a wide range of financial services, allowing you to send and receive numerous fiat currencies on the go. This article provides every detail on what you need to know about the payment method and how to buy Bitcoin and Crypto using MoneyGram.
Can I Buy Bitcoin and Crypto With MoneyGram?
Yes, MoneyGram users can now easily buy Bitcoin and crypto using the Coinme feature on the app or simply as a payment method on other crypto exchanges. The first thing to do is create, verify, and fund your account on MoneyGram, then locate a trusted crypto exchange to access the MoneyGram payment method. Binance, for instance, is a renowned crypto exchange platform that accepts MoneyGram as a payment method in peer-to-peer trading.
Binance is one of the largest crypto exchange platforms, allowing users to access a wide range of crypto assets with one click. Thanks to its interesting features, including spot trading, copy trading, and P2P, trading crypto becomes easy with Binance. Follow the guide below to buy Bitcoin and crypto on Binance using the MoneyGram payment method.
How To Buy Bitcoin and Crypto With MoneyGram on Binance
Once you have registered your account on MoneyGram, visit the Binance website to create an account with them as well. You must complete the KYC verification process on Binance, as it is one of their ways of ensuring user safety and security of assets. Next, observe the following steps:
- Access your newly created Binance account via their website or app.
- Click Trade » P2P Transfer to start a trade.
- Select BTC, USDT, or any other crypto you want to purchase and choose MoneyGram as your payment method.
- Scan through the list of sellers and select one that trades at a favorable price. Input the amount of crypto you want to buy and Confirm.
- Lastly, follow the instructions provided by the seller to complete the payment via your MoneyGram app. Return to Binance, and click Paid to notify the seller of your completed payment.
The seller is obliged to send the agreed amounts of crypto, which will reflect on your Binance assets within minutes. Never make transfers outside the platform, or without confirming the account details to avoid falling for crypto scams.
Fees When Buying Bitcoin and Crypto With MoneyGram on Binance
Binance is a customer-focused crypto exchange that allows new and existing users to buy crypto without any additional fees. At the time of writing, Binance charges ZERO extra transaction fees for buying Bitcoin and crypto using the MoneyGram payment method. However, sellers usually set their prices higher than market rates to cover costs and yield profit. It is advisable to regularly review Binance’s breakdown to optimize your trading experience on the exchange.
About MoneyGram
MoneyGram is a Licensed Money Transmitter and Financial Services provider, allowing users to control their money anywhere, anytime. The platform operates globally, making it an option for people without access to traditional banking. Also, MoneyGram is integrated into several crypto exchanges (e.g., Binance, Coinme, Paxful), as a payment method for all crypto transactions. In other words, crypto enthusiasts can select the MoneyGram option as a payment method to buy Bitcoin and Crypto on their favorite exchanges.
Bottom Line
In this article, we have learned how to easily leverage the MoneyGram payment option in the crypto space. Thanks to its integration with prestigious exchanges, the platform makes it easy for everyone to venture into the exciting world of crypto trading. So, what are you waiting for? Register your Binance and MoneyGram account and follow the steps above to start trading today.
