MoneyGram is the second largest provider of money transfer services in the world. As such it is not surprising that many people want to use MoneyGram to buy Bitcoin.
Unfortunately, using MoneyGram to buy Bitcoin is not always easy. One exchange that does let you buy Bitcoin with MoneyGram is Paxful.
Here we’ll explain what Paxful is and how you can buy Bitcoin with MoneyGram using Paxful.
An Overview of Paxful
Paxful is an exchange which connect people who want to buy Bitcoins with people who have Bitcoins that they want to sell. One of the best features of Paxful is that they have sellers who accept a huge range of different payment methods. Included is the ability to buy Bitcoin using MoneyGram.
How to Buy Bitcoin With MoneyGram on Paxful: Step by Step
You will need a Paxful account in order to buy Bitcoin using MoneyGram. If you already have an account with Paxful account login. If you do not go to the Paxful homepage and click on the register link. You only need to provide an email address, password and username, the whole process can be completed in minutes.
Click on the Buy Bitcoin button. This is a green button at the top of the homepage.
Select the currency that you want to buy the Bitcoin in. For example, US dollars.
At the right of the screen is a drop down menu titled “Select a way to pay”. From this drop down menu scroll down to MoneyGram and select this option.
Click on the search button.
You will now be shown sellers who accept MoneyGram as a payment method. You should now choose one whose terms is best suited to your circumstances. You can see the range of payments that they will accept and their rate per Bitcoin. All else being equal you want to select the seller which offers the most favourable exchange rate. When you are happy with a particular sellers details then click on the Buy button.
Now read through the instructions that the seller has provided. If you are happy with their terms choose to accept them at the bottom of the page.
Follow the instructions exactly to complete the trade. If you have questions you can use the chat function to talk directly with the seller.
When you have completed the trade as per the seller instructions the Bitcoins will be transferred to you.