Buy Bitcoin & Crypto with Cash (Activated by MoneyGram) – CEX.IO Trusted Exchange & Wallet

One of the most convenient and accessible ways to buy and sell crypto on CEX.IO is through a cash transaction made at participating MoneyGram locations. With its global reach and intuitive process, MoneyGram makes it straightforward for eligible users to transfer funds and acquire crypto securely. 

Whether you're new to cryptocurrency or an experienced trader, CEX.IO allows you to fund your account with cash without the need for a traditional bank transfer or credit card. In this guide, we’ll walk you through the simple steps to buy crypto on CEX.IO by using physical cash at MoneyGram locations, ensuring a seamless experience as you explore crypto markets.

What is MoneyGram?

MoneyGram is a US-based financial technology company that connects the world by making the movement of money across borders seamless, affordable and secure for everyone. With over 440,000 locations worldwide, it enables transfers in-person at agent locations or digitally via its website and mobile app. Customers can send money to bank accounts, mobile wallets, or arrange cash pickups. The service supports transfers to over 200 countries/territories and offers a variety of payment methods, including debit and credit cards, bank transfers, and cash payments. 

How to Set Up a MoneyGram profile?

Establishing a MoneyGram profile is straightforward and requires a few simple steps to complete: 

1. Go to the MoneyGram website.
2. Choose your region (country). 
3. Select your preferred language and submit. 
4. Go to Sign Up.
5. Enter your email, generate a strong password, and confirm it. 
6. Type in your phone number. 
7. Fill in your personal information, like your name, last name, and date of birth. 
8. Enter your home and billing address. 
9. Verify your identity by uploading the required documents.  

Buy Bitcoin with Cash at MoneyGram Location

You can fund your CEX.IO account with USDC using cash by visiting the MoneyGram location. To obtain Bitcoin with cash at MoneyGram locations, follow these steps: 

1. Navigate to the Wallet page. 
2. Click Add Funds in the top right corner. 
3. Select USDC as the cryptocurrency you want to add.
4. Enter the amount you want to receive. 
5. Choose MoneyGram as your preferred funding gateway. 
6. Follow the on-screen instructions to complete the transaction. 
7. Copy and save the account number. 
8. Review transaction details and click Done. 
9. Visit the selected MoneyGram location within the next 24 hours to fund your purchase. 
10. Your USDC should be credited to your account balance in a few minutes after funding. 

After that, use the Convert feature in the CEX.IO Wallet to receive BTC for added USDC.

How to Buy Crypto with Cash at MoneyGram Location?

Funding your CEX.IO wallet with cash at MoneyGram locations to further buy crypto is available to registered and verified customers only. To become eligible to use this payment method, one must visit our official website through their web browser or download our iOS or Android app and create an account. 

Once registered, a user must complete the verification process according to KYC/AML policies, which takes no more than six minutes from start to finish. To expedite the process, we recommend users prepare their documents in advance. 

After you establish your CEX.IO profile, you receive a free crypto & Bitcoin wallet, which allows you to seamlessly buy, sell, trade, convert, and store digital assets, as well as participate in other services and features offered by our platform, like Staking and Savings (both subject to eligibility).  

Step-by-Step Guide on How to Use MoneyGram to Cash-in to CEX.IO

Once you receive a crypto wallet, you can proceed with purchasing your preferred cryptocurrency using cash at MoneyGram locations as follows:
 

1. Log in to your CEX.IO account using established credentials.
2. Navigate to the CEX.IO Wallet from the dashboard or find our wallet functionality under the Products menu. 
3. Click Add Funds, which is located in the top right corner. 
4. Select the USDC.
5. On the right-hand side, enter the amount you want to receive. 
6. Under Select Payment Method, choose MoneyGram as your preferred funding gateway. 
7. Fill in the required information to complete the transaction, such as: 
   1. Your country and MoneyGram location where you can pay for the purchase. 
   2. Your ID/passport number, as well as your first name and last name
   3. The ID/passport’s issuing country and your country of citizenship. 
8. Once you complete all the information, your account number will be generated. You need to copy and save this number to cash in at a participating MoneyGram location. 
9. Once you confirm everything is in order, click Done. Next, visit the selected MoneyGram location within the next 24 hours fund with cash. 
10. USDC will be credited to your balance within a few minutes. 

Disclaimer: The information required by MoneyGram during purchase may vary by country. Please check local requirements to ensure a smooth transaction.

How to Send Crypto from CEX.IO and Receive Cash at MoneyGram Location?

Besides acquiring crypto on CEX.IO, eligible users can also use MoneyGram to seamlessly withdraw funds from their wallets. Here’s how: 

1. Navigate to your CEX.IO Wallet. 
2. Click Withdraw next to USDC. 
3. Open Select the Destination menu and choose MoneyGram under the Payment Methods. 
4. Specify the amount you wish to withdraw and click Proceed. 
5. Enter the required personal information and the address of the nearest participating MoneyGram location. 
6. Follow the on-screen instructions to complete the transaction. 
7. Once you finish, you’ll receive reference number. Save this number and visit the selected MoneyGram location to collect your funds. Please bear in mind that MoneyGram will request the reference number and proof of identity to verify ownership. For more information, please check the official MoneyGram website. 

How to Exchange Crypto and Cash-Out USDC at MoneyGram Locations

Currently, users can only cash-out USDC from CEX.IO at MoneyGram locations. To withdraw your other cryptocurrencies, use the Convert feature in the CEX.IO Wallet. It allows instantly swapping any two currencies at the current market rate. When the conversion is done, you can proceed with USDC withdrawal from CEX.IO to receive cash at MoneyGram.

For example, you might want to convert your Bitcoin (BTC) holdings to Tether (USDT) stablecoin and then cash-out USDT to your MoneyGram account. To do that, you need to follow these actions:

1. Log in to your CEX.IO account using established credentials.  
2. Navigate to Wallet. 
3. Scroll down and locate BTC. 
4. On the right-hand side, find and click Convert under the Actions menu. 
5. Select USDC as an asset you want to convert your Bitcoin holdings to. 
6. Enter the amount of BTC you want to convert or the amount of USDT you want to receive. 
7. Click Convert. 
8. Go back to your wallet, find USDT, and click Withdraw. 
9. Follow the guidelines outlined in the previous section (look under step number 3) and proceed as instructed. 

FAQs

What happens if I don’t reach the MoneyGram location in time?

In case you’re not able to collect your funds within the established time frame, your crypto holdings will bounce back to your CEX.IO account. Then, you’ll be able to repeat the transaction once again or select another withdrawal method. 

Is there a limit to sending money through MoneyGram?

For most countries, the highest amount one can send from CEX.IO to cash-out at a MoneyGram location is up to 900 USDC per online transfer. Please check the sending limit before transacting with MoneyGram. 

How long do MoneyGram transfers take? 

MoneyGram’s transfers are typically completed within minutes. However, the time it takes for your MoneyGram transaction to be processed can depend on where you’re sending your money to and from. Also, the arrival time may depend on the payment and delivery methods you choose.

What blockchain does MoneyGram use?

MoneyGram utilizes the Stellar blockchain for its crypto-related services. 

What other payment methods can I use to buy Bitcoin & crypto on CEX.IO?

In addition to funding with cash at MoneyGram locations, eligible customers can buy Bitcoin with cards, whether credit and debit ones issued by the corresponding bank or their prepaid counterparts. Also, users can obtain crypto and Bitcoin with:  

• Skrill
• Bank transfers
• Neteller
• Google Pay
• Apple Pay
• Epay
• Faster Payments
• PayPal (for US-based customers only)

Disclaimer: Some payment methods may be unavailable due to local/regional laws. Please verify the availability of your preferred payment method before purchasing at CEX.IO.