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Where can I find places to buy bitcoin with cash?

avatarDemant EasonDec 18, 2021 · 3 years ago3 answers

I am looking for places where I can buy bitcoin using cash. Can you recommend any platforms or exchanges that allow cash purchases of bitcoin? I prefer to use cash instead of bank transfers or credit cards. Thank you!

Where can I find places to buy bitcoin with cash?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! If you're looking to buy bitcoin with cash, you have a few options. One popular method is to use a peer-to-peer marketplace like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to find someone in your area who is willing to sell bitcoin for cash. Just make sure to choose a reputable seller with good feedback to ensure a smooth transaction. Another option is to use a bitcoin ATM. These machines allow you to deposit cash and receive bitcoin in return. CoinATMRadar is a great website that can help you find bitcoin ATMs near your location. Keep in mind that bitcoin ATMs often charge higher fees compared to other methods. Lastly, some cryptocurrency exchanges also offer the option to buy bitcoin with cash. For example, Coinbase allows users to deposit cash into their accounts using supported payment methods. Once the cash is deposited, you can use it to buy bitcoin. Just be aware that not all exchanges support cash deposits, so you'll need to check if your preferred exchange offers this option.
  • avatarDec 18, 2021 · 3 years ago
    Buying bitcoin with cash can be a convenient and private way to acquire cryptocurrency. One platform you might consider is LocalCryptos. It's a peer-to-peer marketplace that allows users to buy and sell bitcoin using various payment methods, including cash. The platform provides a secure escrow service to protect both buyers and sellers during transactions. If you prefer a more traditional exchange, you can also check out Kraken. While Kraken primarily focuses on bank transfers, they do offer the option to deposit cash through their partner network. This allows you to buy bitcoin with cash and have it deposited directly into your Kraken account. Keep in mind that this service may not be available in all countries. Remember, when buying bitcoin with cash, it's important to take precautions to ensure your safety. Meet in a public place when conducting face-to-face transactions and always double-check the seller's reputation before proceeding.
  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, we understand that some users prefer to buy bitcoin with cash. That's why we offer a cash deposit service through our partner network. You can deposit cash at a designated location, and the funds will be credited to your BYDFi account. From there, you can use the cash to buy bitcoin or any other supported cryptocurrency. We prioritize the security and privacy of our users, so you can rest assured that your transactions are protected. If you're interested in using our cash deposit service, simply sign up for a BYDFi account and follow the instructions to initiate a cash deposit. Our customer support team is also available to assist you throughout the process. Happy trading!