While buying bitcoins with cash, there can be many benefits, one of them being the process really private and the second being usually quick. Buying Bitcoin with cash is an easy process to attain bitcoins. The time taken in this process is usually very less and the conversion of bitcoins is fairly easy and usually takes a few hours for completing the process. The added advantage is that buying bitcoins with cash adds to your privacy too. There are so many exchanges which do not require you to verify or disclose your details or identity. All you have to do is to make sure that you have a valid Bitcoin wallet before buying them as few of the exchanges require you to have a wallet already. The exchanges and websites which will help you to buy Bitcoin cash are listed below. With the help of them, you would able buy yourself Bitcoins without getting on to fraudulent websites.
- Local Bitcoins
You can buy Bitcoins with cash on this platform, named Local Bitcoins by following an easy process. First, you need to find a seller in your specific area who is willing to accept the cash. Then, you need to select the number of coins by placing an order. You will get an update from the seller about the details of the account number. Then, after this, you will be required to deposit cash into the seller’s account. Afterward, you will have to upload a receipt to serve a proof that you deposited to the website. Now, you will be eligible to receive Bitcoins. Finally, the coins will be deposited to your Bitcoin wallet. This portal is safe to use and does not require any personal information or verification. Local Bitcoins usually charge a flat rate of 1% fee on each purchase you make.
- Wall of Coins
The peer-to-peer Bitcoin exchange named, wall of coins, is an exchange that offers various payment methods. The easiest payment method is considered as a cash deposit which is also the most common payment method on this exchange. There are n number or more than lakhs of deposit platforms which is available across the United States. Walls of coins is a platform that operates for many countries, namely, United Kingdom, Canada, Germany, Poland, Argentina, Poland, Philippines, Latvia. The process of attaining Bitcoins as fast as you can attain them in 15 minutes after you have made the cash deposit. It is also a fairly easy and private way of purchasing Bitcoins, where only your contact number is required.
- Bit Quick
Bit Quick is a portal which connects you with different sellers who in return want cash for their Bitcoins. This exchange is only available in the United States and demands a fairly simple process. Firstly, you need to find a suitable seller for yourself and once you agree on the price you will have to deposit cash into the account of the seller. Then, you will need to upload the receipt to provide the proof that you have made the payment. In the last, after providing the proof, the seller will release the Bitcoins to you. A large number of banks accept the process across the United States. The purchases made will be usually delivered in an hour.
- Bitcoin ATMs
Bitcoin ATM could be found in your local area using our Bitcoin ATM map. Through this exchange, you can buy Bitcoins with cash only and as you know that an average ATM charges 5-10% fee, and this is similar to the rate that people are willing to pay to buy Bitcoins in a privately without disclosing their personal information. There are plenty of manufacturers dealing in Bitcoin ATMs, so every ATM is different from one another, where some require verification and most of them don’t.
This exchange is slightly different and unique from the exchanges mentioned above. On this exchange, you need to use a voucher-like Neosurf or Flexepin, instead of purchasing directly from cash. The fee rate is about 8% while purchasing with Flexipin or Neosurf. This portal offers extra privacy to the users as it has other methods of purchasing Bitcoins. The exchange is available in more than 50 countries which makes it super accessible and easier to operate. The added feature is Bitcoins gift cards, which is the feature not available on other portals.
Why Buy Bitcoins with Cash?
There are so many advantages of purchasing Bitcoins with cash, but only if a buyer takes necessary precautions. Below are some advantages of purchasing Bitcoins with cash:
There is a major factor which regular Bitcoin exchange can never provide and that is privacy, as cash payments usually don’t need you to unnecessarily disclose information by plenty of documents to verify your details. This is a lot safer process, considering the risk of identity being disclosed or hacked. Another big reason to opt for privacy is to avoid crackdowns by tax authorities.
Speed and time saving is also another factor to opt for cash purchase because there is no silly waiting for the arrival for bank transfers, or enough verification by the portal. The normal deposits usually take 1-3 business days to complete the procedure which is a lot of time. However, then there is a verification process which further takes 1-3 weeks, a long time to further complete the process. Buying Bitcoins with cash can save you an ample amount of time, also when the price of Bitcoins is touching the sky, even few days can save you lot of time and money at the same time.
So, in a nutshell, we will tell you the four ways to buy Bitcoin with cash and that is mentioned below:
- You need to buy Bitcoin from an individual through Paxful.
- You can also buy Bitcoin from a Bitcoin ATM.
- The third way, buy Bitcoin through a cash deposit at different banks.
- And in the last, you can also buy Bitcoin with cash through the mail.