We’re thrilled to announce that eligible CEX.IO users can now convert USDC to physical cash and back at participating MoneyGram locations.
Customers can fund their CEX.IO account with USDC using any type of fiat (traditional currencies) at any participating MoneyGram location. You can also withdraw USDC from CEX.IO and receive traditional cash (fiat).
What is MoneyGram?
MoneyGram is a global fintech company that provides money transfer and other financial services around the globe with both digital platforms and retail locations. Consumers can send money internationally to friends and family, pay bills, and more with affordable fees and great exchange rates. MoneyGram is trusted by 150+ million consumers who can choose how they send money — online, in their highly-rated mobile app, or at one of 430,000+ locations.
How to deposit fiats in USDC to CEX.IO at MoneyGram locations
Open the CEX.IO Wallet page.
Select USDC and click Add Funds.
Choose MoneyGram from the list of payment methods.
Enter how much USDC you want to receive and click Buy.
Next, you will need to fill in some information necessary to complete the transaction:
The country and MoneyGram location where you can pay for the transaction.
Your ID/passport number, first and last name.
The country where the ID/passport was issued and your country of citizenship.
MoneyGram does not require you to upload photo IDs.
Once you provide all these details, an account number will be generated. Copy and save this number as you will need it to cash-in at a participating MoneyGram location.
Click Done. Now, visit the chosen MoneyGram location within the next 24 hours and deposit funds.
USDC should be credited to your CEX.IO account in a minute after that.
Button: Deposit USDC
How to withdraw USDC from CEX.IO to MoneyGram
Go to CEX.IO Wallet and click Withdraw next to USDC.
Open Select the destination menu and choose MoneyGram.
Enter the amount and click Proceed.
Follow the on-screen instructions to complete the withdrawal. In this step, you will be asked to provide the personal information required to receive the funds, including the address of the nearest participating MoneyGram location.
Once all information is provided, an account number will be generated. Please save this number and visit your chosen MoneyGram location to collect the cash. To verify ownership, MoneyGram will ask you to provide the generated account number and proof of identity. Find more details on the MoneyGram website.
We will hold the requested amount of USDC until you arrive at the MoneyGram location you selected to collect the funds. If something goes wrong with the transaction, this amount will be returned to your CEX.IO account.
Please note that the exchange rate of USDC to fiat is calculated by MoneyGram.
Countries supported by CEX.IO where MoneyGram services are available
Available to deposit and withdraw USDC at participating MoneyGram locations:
Austria
Hungary
Ireland
Lithuania
Poland
Available only to withdraw USDC (convert USDC to cash):
Albania | Montenegro |
Anguilla | Montserrat |
Antigua and Barbuda | Mozambique |
Armenia | Namibia |
Aruba | Netherlands |
Angola | New Zealand |
Bahamas | Niger |
Barbados | Nigeria |
Benin | Palestinian Territory (Occupied) |
Bermuda | Panama |
Belgium | Paraguay |
Belize | Portugal |
Bosnia and Herzegovina | Reunion |
Botswana | Romania |
Bhutan | Saint Kitts and Nevis |
Bolivia | Saint Lucia |
Burundi | Saint Martin |
Cambodia | Saint Vincent and the Grenadines |
Brunei Darussalam | Samoa |
Bulgaria | São Tomé and Príncipe |
Central African Republic | Serbia |
Chad | Seychelles |
Cameroon | Sierra Leone |
Cayman Islands | Saint Maarten (Dutch side) |
Croatia | Slovakia |
Curaçao | Solomon Islands |
Colombia | South Korea |
Comoros | Spain |
Djibouti | Sri Lanka |
Dominica | Suriname |
Cyprus | Switzerland |
Czech Republic | Thailand |
Estonia | Timor-Leste |
Eswatini | Togo |
Dominican Republic | Tonga |
Ecuador | Trinidad and Tobago |
Finland | Turks and Caicos Islands |
France | Tuvalu |
Ethiopia | Ukraine* |
Fiji | United Arab Emirates |
Gambia | Uruguay |
Georgia | Uzbekistan |
French Guiana | Vanuatu |
Gabon | Vietnam |
Grenada | Virgin Islands, British |
Guadeloupe | Zambia |
Ghana | Jordan |
Gibraltar | Argentina |
Guyana | Australia |
Guatemala | Bahrain |
Hong Kong | Brazil |
Iceland | Burkina Faso |
India | Cape Verde |
Indonesia | Chile |
Israel | The DR of Congo |
Italy | Costa Rica |
Jamaica | Denmark |
Kazakhstan | El Salvador |
Kosovo | Equatorial Guinea |
Kyrgyzstan | Germany |
Lao PDR | Greece |
Latvia | Cote d’Ivoire |
Liberia | Kenya |
Luxembourg | Kuwait |
Macao | Malawi |
Macedonia (FYR) | Norway |
Madagascar | Oman |
Malaysia | Peru |
Maldives | Philippines |
Malta | Rwanda |
Marshall Islands | Saudi Arabia |
Martinique | Senegal |
Mauritania | South Africa |
Mauritius | Sweden |
Mayotte | Tanzania |
Mexico | Uganda |
Micronesia |
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Moldova |
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Mongolia |
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*Service requires a bank account when cashing out with Privat Bank or A Bank in Ukraine
The web content provided by CEX.IO is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy, sell or hold any digital asset or to open a particular account or engage in any specific investment strategy. Digital asset markets are highly volatile and can lead to loss of funds.
The availability of the products, features, and services on the CEX.IO platform is subject to jurisdictional limitations. To understand what products and services are available in your region, please see our list of supported countries and territories. This page includes additional links to information about individual products, and their accessibility.
CEX.IO Corp. is not a registered broker-dealer or FINRA member. Crypto is not insured by the Federal Deposit Insurance Corporation (FDIC) or the Securities Investor Protection Corporation (SIPC).
Taxes may be payable on any return and/or on any increase in the value of your digital assets and you should seek independent advice on your tax obligations.