Buy Bitcoin with Cash

/Buy Bitcoin with Cash

Bitcoins are revolutionary, but you may still buy them with traditional yet handy cash.

Buy Bitcoin with Cash 2018-04-02T17:42:18+00:00
Buy Bitcoin with Cash

Buy Bitcoins with Cash

Quick inner navigation:

  1. How to buy Bitcoins with cash?
  2. Bitcoin ATMs
  3. WallofCoins
  4. LibertyX
  5. Buy Directly from People
  6. Other methods of buying Bitcoins?
  7. How to keep your Bitcoins safe?

For centuries, cash has been a method of payment for various types of purchases, all over the world. Despite, the revolutionary ideas that Bitcoin spreads, the traditional method of payment – cash, is even handy in case of buying Bitcoins. You can get Bitcoin for cash from different Bitcoin trading websites, Bitcoin ATMs and so on. In this article, we will explore all the possible ways through which you can buy Bitcoin with cash.

How to buy Bitcoins with cash?

As a matter of fact, buying Bitcoin with cash is one of the most common methods of purchasing this type of cryptocurrency. Here are some advantages and disadvantages that this method has to offer to its users.

Pros of buying Bitcoin with cash:

  • convenient
  • fast
  • The best way of buying Bitcoins anonymously.
  • No verification needed (usually).
  • No set limits for buying Bitcoin.

Cons of buying Bitcoin with cash:

  • A limited number of sellers (the seller has to be from your area).
  • High exchange rates.
  • Inconvenient for buying large numbers of Bitcoins.
  • There are some suspicious sellers.

If you wonder, “Where can I buy Bitcoins with cash?” below you can find a list of websites and other ways of doing your purchases with cash.

Bitcoin ATMs >>

Bitcoin ATMs are machines connected to the Internet and let people exchange cash for Bitcoins (in form of a paper receipt) or through moving the money to a public key on the blockchain. In other words, it gives people constant access to fiat currency and Bitcoins. There is number of online maps that show the locations of the AMTs around the world and/or near you.

Pros of buying Bitcoins from Bitcoin ATMs:

  • The exchange takes place very quickly.
  • The ATMs are easy and simple to use.
  • No verification is needed (especially, in case of purchasing small amounts).
  • Sometimes there are no set limits for buying Bitcoin.

Cons of buying Bitcoins from Bitcoin ATMs:

  • Relatively high fees.
  • Some work only during certain hours.
  • Customer support service is not very reliable.
  • Not available everywhere (in terms of location around the world).

WallofCoins >>

Wall of Coins is a peer-to-peer Bitcoin exchange platform that offers various payment methods, including cash. It is available in the U.S., Canada, the United Kingdom, a few European countries and the Philippines.

Pros of buying Bitcoins from Wall of Coins:

  • No personal information is required (only phone number).
  • A fast method of purchasing Bitcoins.

Cons of buying Bitcoins from Wall of Coins:

  • Not available worldwide.
  • Not convenient for purchasing large amounts of Bitcoins.

LibertyX >>

Liberty X allows its users to buy Bitcoin with cash. However, buyers are supposed to get verified before making purchases.

Pros of buying Bitcoins from Liberty X:

  • Relatively low fees
  • A fast method of purchasing Bitcoins.

Cons of buying Bitcoins from Liberty X:

  • The website imposes limits.
  • Not anonymous.

Buy directly from people you meet

Another way of buying Bitcoins with cash is buying them from “random” people, who are willing to sell their Bitcoins for cash. To find similar people, you just have to follow forums, join Facebook groups etc.

Pros of buying Bitcoins from people:

  • No participation of a third party
  • cheap
  • Easy and fast
  • anonymous

Cons of buying Bitcoins from people:

  • It can be unsafe, and you have to be very cautious while making similar deals.
  • Not trustworthy.
  • Hard to find a good seller.

LocalBitcoins >>

LocalBitcoins is a platform available worldwide, where buyers and sellers meet each other. The sellers set the minimum and maximum amounts they are willing to sell, as well as if they want the buyer to get verified or not.

Pros of buying Bitcoins from LocalBitcoins:

  • Convenient for buying Bitcoins privately.
  • No restrictions imposed by the website.
  • One of the most common and available methods of buying Bitcoins around the world.

Cons of buying Bitcoins from LocalBitcoins:

  • While buying with cash, the fees may be relatively higher.
  • There is number of scams.
  • Sellers decide what kind of information they want to get from the buyers.

BitQuick >>

BitQuick is a platform that connects the sellers with the buyers. The buyers and sellers agree on the price and the limits.

Pros of buying Bitcoins on BitQuick:

  • A safe platform.
  • No limits enforced by the website.

Cons of buying Bitcoins on BitQuick:

  • Relatively high fees.
  • Not available everywhere (49 states of the U.S.).

Other methods of buying Bitcoins?

Did the answer of “How to buy Bitcoin with cash?” sound not very convenient for you? No worries, you can buy Bitcoins with a number of other methods as well. Here are some other methods of payment:

Credit Card >>

Buying Bitcoins has become as easy as buying them with a credit card. You just need to find a reliable Bitcoin exchange website, make sure they accept credit cards as a method of payment and follow the instructions on the website to do so.

Pros of buying Bitcoins with a credit card:

  • Very handy.
  • Available worldwide.

Cons of buying Bitcoins with a credit card:

  • High transaction fees.
  • The majority of the websites require a long process of verification if one chooses credit cards to be the payment method for buying Bitcoins.

Bank Transfers >>

Bank transfers are one of the most common ways of paying while buying Bitcoins.

Pros:

  • Relatively low fees
  • Safe method of payment

Cons:

  • Time-consuming.
  • The buyer can be traced.

PayPal >>

Many Bitcoin exchange platforms let the buyers pay for their purchases through PayPal too.

Pros:

  • trustworthy
  • As a buyer, you are backed by the company.

Cons:

  • High fees.
  • Time-consuming.

How to keep your Bitcoins safe?

By far, you were acquainted with different ways of buying Bitcoins with cash, along with other methods of buying Bitcoins. However, it is extremely important to be aware of how to keep Bitcoins safe, after purchasing them. Here are several methods – also known as “wallets”, which allow users to store their crypto coins. Please note, that you are not even able to buy a Bitcoin if you do not have a wallet. Here are some of the most common types of Bitcoin Wallets.

Cold storage wallets

Cold storage wallets, which are one of the most common wallets for storing a cryptocurrency, are usually in forms of USB drives (portable), paper wallets (usually a piece of paper with the private and public keys on it) and hardware wallet.

  • Work offline.
  • Very low risks of theft.
  • Very safe.
  • Inconvenient for simple use.

To get a cold storage wallet– first, you need to buy a wallet. The recovery sheet you get with it – is the most important thing and you have to keep as safe as possible and avoid sharing it with anyone. To set up a Bitcoin cold storage wallet you need to set a pin, 24-word recovery phrase. It is not recommended to keep the keys on your computer, as in that case the keys will be online and lose their safety features by becoming vulnerable to hacks.

Web wallets

Web wallets are online wallets, which are generating their operations only while they are connected to the Internet. Web wallets are usually:

  • Convenient
  • Can be used even while being attached to public WiFi
  • Unsafe for storing large amounts of Bitcoins
  • Vulnerable to online theft as they can be easily hacked.

You can also download apps on your phone that may substitute your web wallets. Similar apps are available both for Android and for iOS.

to sum it up

Buying Bitcoins with cash is a very common, easy and convenient method of purchasing a cryptocurrency, despite its high fees. If you decide to buy Bitcoins with cash, always bear in your mind that safety is very important and be as careful as possible, while choosing a person to buy the Bitcoins from.

If buying Bitcoins with cash does not sound as convenient to you for certain reasons, then there are a number of other payment methods, some of which you can find above. However, if you are very much interested in Bitcoins and other cryptocurrencies, in general, then make sure you check our website for other useful articles. Thank you and for next time!

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