i've done this 2x in the last 2 days and so far smooth sailing! much better than the one week coinbase wait period. being locked in for a week of BTC/USD fluctuations without having access to it is crazy1 only downside is the moneypak is capped at $500 USD. 4.95 fee = 1%
i bought a greendot moneypak from a local drugstore and then used localbitcoins.com to find someone who accepted it as payment. total time took ~1 hour. the only fee was the moneypak reload fee which was $4.95 and the exchange rate of USD/BTC the seller wanted
Excellent method. I will try it also.