You can buy Bitcoins at any time you want these days from the convenience of your home, office, or on the go. Luckily, you have a plethora of options to do this. According to financial experts, Bitcoins have become one of the most bought digital coins on the market for many reasons; Bitcoin is stable, ever-growing in value, secure, and easy to trade among other great things.
If you are new to cryptocurrency, you might be wondering about how to buy Bitcoin with cash in person. This post is for you and even experienced crypto enthusiasts who want to diversify how they buy and sell BTC.
Buy Bitcoin with Cash in Person from an Exchange
Paxful, NakitCoins, Coinbase, eToro, and Binance are some of the most reputable crypto exchange platforms where you can buy Bitcoin with cash in person. Well, there are many more you can try after checking their reviews and ascertaining that they are among the best.
Many exchange platforms ease the process of buying BTC with cash and make it fast at the same time. So, they require users to have an account and a Bitcoin wallet with them to trade.
Buy Bitcoin with Cash in Person at an ATM
BTC ATMs are now very common in public places. Some technologically advanced and financial cities have many of them. These ATMs are operated by the same companies that run exchanges, and they operate in almost the same way. They sell Bitcoins directly into your digital wallet. The good thing about BTC ATMs is that they accept hard cash like USD notes, EUR notes, and others.
Before you visit a Bitcoin ATM to buy Bitcoin with cash in person, make sure that your BTC wallet is ready because you will be required to input the address for the coins to be sent there. It is also fun to continue to use this self-service machine as you learn more about cryptocurrency. Unless it is in an out-of-order state, your transactions will always be a success.
Buy Bitcoin with Cash in Person on a P2P Platform
P2P is a peer-to-peer platform that brings Bitcoin buyers and sellers together. They are like exchange platforms, but they do not facilitate the trading process. So, you will be linked with people who are willing to sell their digital coins, and then you make arrangements on how to trade.
Many P2P platforms have a large pool of crypto enthusiasts, and they are willing to negotiate excellent rates with you at any time. Once you agree on rates, you will trade in line with recommendations advised by the platform or any other way you agree on.
With P2P platforms, you can buy Bitcoin with cash in person very fast and safely if you have researched safe ways of using such trading options. Take some time to fully understand how this works.
Buy Bitcoin with Cash in Person from a Bank
Many banks around the world have become cryptocurrency agents. They buy Bitcoins and sell them at a profit. So, if you want to buy Bitcoin with cash in person, you can deposit cash in a bank, give them your digital wallet address, and have them transfer BTC there immediately.
This is a safe way to buy Bitcoin with cash in person since you cannot lose your money. Banks have not been known to scam people. However, the rates might be high because banks engage in this business to make money. Ask if your bank has this option and how much the rates are.
Buy Bitcoin with Cash in Person from an Individual
With the growth of the cryptocurrency sector, you are likely to find someone who is willing to sell Bitcoins in your circle of friends or relatives. Check among your friends on social media, work colleagues, and any other person whom you know. The transaction is easy since all they need is your BTC wallet address to send the digital coins after you have given them cash or deposited it into their accounts.
At least one of these options will work perfectly for you. What is important is how fast and secure the transaction will be. If you read and practice all the crypto trading precautions, it will be a smooth process to buy Bitcoin with cash in person.