Bitcoin (BTC) is a highly sought-after cryptocurrency with a high dollar value. In the recent past, the value of Bitcoin has been growing tremendously, giving more hope to investors. You need to get this coin in your hands quick to reap the fruits in the coming days.
Where can I buy Bitcoin with cash? If this is your concern, then you need to know all the options to make the right decisions. Buying with cash means paying with fiat money to get BTC. This article will highlight the best options and how to go about them.
How to Get Ready to Buy Bitcoin with Cash
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Active BTC investors may only need to find an appropriate platform to buy digital currency with cash. But first-time buyers need to get a Bitcoin wallet first. You can get one through a popular and secure host. With this, you will get an address to facilitate receiving and sending and a private key to keep your wallet secure.
You also need enough money to buy BTC. Some platforms accept cash while others accept cashless payment methods. So, this can be a factor when choosing an appropriate platform. You also need to bear in mind that most platforms charge a commission, which is a crucial consideration, especially if you are on a tight budget.
Where to Buy Bitcoin with Cash
Where can I buy Bitcoin with cash? With the advancement in technology, there are many options to buy BTC with cash today. The most important things to get more information on are their security and safety, charges, and speed of transactions. Let’s look at the most popular options here:
Buying Bitcoins through a physical exchange
Have you heard about physical offices that sell Bitcoins or Bitcoin kiosks? There are plenty of them these days and they’re appropriate for anyone who is wondering where can I buy Bitcoin with cash? These offices are managed and operated by popular crypto exchanges looking to serve their customers differently. All you need to do is walk into one of these offices with your cash and let personnel take you through the process.
You can easily locate one of the physical exchanges in your country through online maps. They are typically located in towns and cities where there is heavy traffic from crypto investors. You can also check for more information on these exchanges so you can prepare adequately before visiting them.
When the transaction is over, remember to log into your Bitcoin wallet to confirm that you have successfully bought Bitcoins.
Buying via a BTC ATM
If you are looking for the best way to buy BTC around the world, then this is it. There are currently about over 38,000 BTC ATMs listed on online maps. These machines are automatic, so you don’t need anyone to help you out. They are usually owned by crypto exchange brands that want to diversify their products. How do you buy Bitcoins with cash from a BTC ATM?
Firstly, get to know the nearest Bitcoin ATM through an online map and also understand how it works. You might even look into information such as the accepted modes of payment and their charges.
Secondly, visit the ATM and follow the instructions to buy BTC. It will allow you to scan the QR code of your Bitcoin wallet, which reduces the chances of entering the wrong address. If there are any other needed verifications, the ATM will prompt for them. It will also ask for the number of Bitcoins you want to buy and the payment method.
Lastly, pay by inserting the cash or entering your bank card details to pay. Verify that the coins have hit your wallet, and that’s it.
Buying through a peer-to-peer exchange
Are you still wondering, where can I buy Bitcoin with cash? There is one more option, and that is using a peer-to-peer exchange. The exchange connects buyers and sellers at the local level and you can make plans to meet and transact physically. However, some other P2P exchanges, also known as DEX or decentralized exchanges, provide a platform to transact without meeting.
Firstly, you should get an account with your preferred P2P account. Verify your details as asked to make the account active.
Secondly, look for Bitcoins on sale from different sellers and check their terms and conditions until you find an appropriate seller with friendly terms.
Thirdly, you can choose to meet the seller and give them cash as they transfer BTC into your wallet, or better yet, complete the transaction on the platform. The latter is more secure but a commission will be charged.
Conclusion
Where can I buy Bitcoin with cash? You now have three reliable options and how to buy from them as well. If you research well before using any of them, you will have an easy time buying your digital currencies. The most important thing is getting ready with enough cash to buy your preferred number of BTC and pay for the charged commission.
