In today’s digital world, buying of the most significant and latest online currency Bitcoin with cash is quite fast and easy. You can buy Bitcoin through a simple process. You need to follow just instructions online.
First, we must know what Bitcoin is and what the difference is between traditional currencies and cryptocurrencies. Bitcoin is the online currency system, which is recently ruling the financial market. On the other hand, cash is a physical asset. The difference between Bitcoin and traditional currency lies in the fact that Bitcoin is decentralized while traditional currencies are centralized.
In this article, we will discuss the best five ways to buy Bitcoin with cash.
Best 5 Ways to Buy Bitcoin with Cash
The easiest and fastest way to get Bitcoin is to buy Bitcoin with cash because purchase Bitcoin with money does not require your details and is also private. However, keep in mind, before buying Bitcoin with the money; you must have a Bitcoin wallet.
#1. BudgetCoinz Bitcoin ATMs
A few days ago, I purchased Bitcoin with cash through Bitcoin ATM near me. Bitcoin ATMs are not associated with any banks. Instead, input devices of computers accept and transfer Bitcoin to an existing wallet. If you want to buy Bitcoin, BudgetCoinz Bitcoin ATM is the fastest and easiest way. The number of Bitcoin ATMs is increasing rapidly as several Bitcoin locations have been detected.
Bitcoin connects buyers of Bitcoin with sellers. In the USA, Bitcoin purchases can be completed within two hours. But how does it work? First, search a seller and then transfer cash to the seller’s account. After that, upload your receipt, and in turn, the seller will provide you with bitcoins. It is a more secure method than other cash payment methods.
#3. Local Bitcoins
If I want to buy Bitcoin near me, I must buy Bitcoin through LocalBitcoins. Now the question is- how does it work? After finding a seller near you, you should select the number of coins. Then after placing an order, deposit cash to the seller’s account. Upload receipt for proof and accept Bitcoin from the seller. Be aware of scams. It is better to have a premium for more privacy.
#4.Wall of Coins
Wall of coins is face to face Bitcoin exchange, offering several payment methods. The easiest payment method is cash deposit. After cash deposition, you will accept your Bitcoin within 15 minutes. Though the Wall of Coins is an entirely separate and secure way to buy Bitcoin, this is limited to a few countries, namely the U.K., Canada, Germany, the USA, etc.
Through LibertyX, people buy Bitcoin with cash in the United States. But before buying, your identity verification is a must. Thus LibertyX is less private than others. Here is a limitation on your purchase of Bitcoin. LibertyX deducts a 1% fee on all purchases.
Buying Bitcoin through escrow services like Local Bitcoins or BudgetCoinz ATMs is very safe and private. If you want to purchase Bitcoin rapidly and safely, buy through BudgetCoiz Bitcoin ATM.