In an increasingly digital world, it may sound strange to learn that you can buy Bitcoin and other cryptocurrencies with cash. Although buying crypto is easier with PayPal, cards, and bank transfer, these payment methods may be out of reach to some, so cash remains their only solution. This guide will explain the best ways to buy Bitcoin with cash, safely.
LocalBitcoins is a peer-to-peer cryptocurrency exchange platform that facilitates trades whilst not limiting payment methods. Individuals and brokers buy and sell Bitcoin to each other in a marketplace which is very similar to Amazon or eBay.
All you need to do to buy Bitcoin with cash on the platform is:
When using LocalBitcoins to buy Bitcoin with cash you must ensure that the transaction and your money are safe. Fortunately, the platform offers numerous options to help you, including:
Another popular option to buy crypto with cash is to locate an ATM which can accept such payments in exchange for coins. These ATMs are growing in popularity, and whilst the majority only provide Bitcoin, some do offer select Altcoins as well.
The downside to using most ATMs is the fee. It is not uncommon to be charged up to 10% for the convenience, whereas P2P exchanges such as LocalBitcoins only charge 1%.
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