Are you looking to buy Bitcoin with cash?

Yes, you can.

Using cash or cash deposit is one of the fastest and easiest ways to get hold of some Bitcoin (BTC).

It’s private, fast and safe.

And it’s fairly simple once you understand how it works.

You don’t have to go through a lengthy sign-up and ID verification process on cryptocurrency exchanges.

Moreover, it doesn’t necessarily require a bank account to transact.

As we continue our series on how to buy Bitcoin, we will now show you how to buy bitcoin with cash (any country).

If you’re new to the world of cryptocurrency, you might want to check out the different ways of buying Bitcoin later:

Important: Before you buy your first Bitcoin, you’ll need to have a Bitcoin wallet.

Don’t have a wallet? Check out our guide on Bitcoin wallets.

How to buy Bitcoin with Cash

1. Peer-to-peer exchange sites

Peer-to-peer (P2P) marketplace platforms like LocalBitcoins and Paxful just made it easy for Bitcoin sellers and buyers to meet with each other. Not only that, they also provide escrow services to protect both parties.

First, they’ll hold Bitcoin from the seller and then release the bitcoins to the buyer once the seller confirms payment is received.

Here’re some of the methods of buying Bitcoin using cash on this P2P site:

• Buying Bitcoin with cash in person
• Buying Bitcoin with cash using bank deposits
• Buying Bitcoin with cash by mail

2. Buying Bitcoin through Bitcoin ATMs

If you aren’t so tech-savvy or don’t have access to a bank account, buying bitcoin with cash through a Bitcoin ATM is a great option. 

Bitcoin ATM will deliver Bitcoin directly to your Bitcoin wallet once you deposit cash into the machine.

Best Ways to Purchase Bitcoin with Cash or Cash Deposit

1. LocalBitcoins (Cash Deposit)

First on the list is LocalBitcoins – the most popular Peer-to-Peer site for trading Bitcoin.

Recently, LocalBitcoin has quietly removed cash in-person trade from its payment option, which means you can no longer find someone and meet with them face-to-face to trade cash for Bitcoin.

But you still can buy, sell and trade Bitcoin directly with other people from all over the world using many different payment methods, including cash deposit.

Buying Bitcoin with cash deposit means money will change hands at bank, making this a safer transaction than meet with a stranger. With LocalBitcoins acts as an escrow service between traders, you can avoid the risk of being scammed or robbed.

Still, it’s advisable to do your due diligent and only work with reputable sellers with good track record.

Before you get started, it’s important to know that LocalBitcoins doesn’t provide a fixed market price. You and the Bitcoin seller have to come to an agreement on the price. LocalBitcoins only facilitates direct trading between potential buyers and sellers.

Two things great about LocalBitcoins:

(1)They have a large active user base – you can find the best deal from over 1million users.

(2) Buying and selling Bitcoin is completely free. LocalBitcoins only charge 1% fees on sellers who create advertisements and successfully complete the trade.

Let’s see how to buy Bitcoin using cash deposit on LocalBitcoins:

1. Create an account

Go to LocalBitcoin official site and sign up a free account with your email ID.

(Optional but highly recommended)Enable Two Factor Authentication (2FA) to enhance your account security. If you need help, check out this article.

2. Find a seller who accepts cash

Choose your country and currency, select “Cash Deposit” as payment option, click “Search”. LocalBitcoins will immediately show you a list of relevant sellers according to your search.

3. Pick your ideal seller

Now, spend a couple of minutes to find a trustworthy seller from the given list. Since you’re dealing with a stranger, make sure you choose a reliable seller.

Click on the trade name, go through their profile, check out their rating and terms, read the individual feedback comments.

Always go for a seller with a good reputation who has a large volume of transactions.

The Price/BTC column indicates the offering price for 1 Bitcoin (BTC) and the Limits column shows the minimum and maximum amount USD (any chosen local currency) that the seller accepts.

4. Place an order

Every seller has different terms and conditions. Most require you verify your identity with photo and document, while some don’t.

Make sure you read, understand and agree the terms of trade before you place an order.

5. Deposit cash into the seller’s bank account

Once the seller receives your trade request, they’ll give you an account number to make cash deposit.

You can rest assured you’re getting a real deal, the seller’s bitcoins are already locked in the LocalBitcoins escrow system.

Follow the instructions from seller, deposit the specific amount of cash into the given account number within the payment window.

6. Upload your deposit receipt as a proof of payment

After sending cash to the seller’s account, upload the bank slip to show that you made the deposit.

7. Receive your bitcoins

Once the seller confirms receiving your cash, you’ll get the Bitcoin in your LocalBitcoins wallet.

2. Paxful (Cash, Cash Deposit, Cash by Mail)

Founded in 2015, Paxful is a peer-to-peer cryptocurrency exchange for sellers and buyers of Bitcoin.

Similar to LocalBitcoins, Paxful acts as an escrow service in which you can find, meet and trade bitcoins directly with each other without worrying much about losing fund.

What makes Paxful different is that it offers over 350+ payment methods, such as:

• Cash deposit: Deposit cash into seller’s bank account
• Cash in person: Meet with seller face-to-face
• Cash by mail (Not recommended): You have to mail physical cash to the seller. It’s slow and risky especially for large sum of money.
• and more!

That’s right, you can find a seller in your area, meet with them and exchange cash for Bitcoin on the spot.

A word of caution: If you’re going to meet a seller, you’ve to be extra careful, meet them at a safe public place, confirm you receive your coins in front of the seller, and educate yourself on cybersecurity.

The best part? Buying bitcoin on Paxful is free of charge.

Now let’s get to it:

How to buy bitcoins with cash on Paxful:

1. Register an account

To start, head over to Paxful. Create a free account and enable Two Factor Authentication (2FA).

2. Find a good deal

Enter the amount you’d like to buy in your local currency, select “Cash” as your payment method. As you can see in the screenshot below, there are over 55 options for cash. Choose the cash payment option according to your liking and click “Search for Offers”.

3. Pick your preferred seller

Paxful will give you a list of real-time offers of sellers who are accepting cash for Bitcoin.

Browse through the list of sellers, check out the sellers’ profile, read their offer terms, feedback history, buy limits. Once you pick a trustworthy seller, click “Accept terms and buy bitcoins now”.

And Paxful will hold the Bitcoin from the seller.

4. Complete the transaction and receive your Bitcoin

Most traders will list their contact number on the offer page.

Contact the seller, choose a suitable time and place to meet.

Pass the cash to the seller, make sure they confirm the transaction and release the escrow coins to your wallet instantaneously.

3. BitQuick (Cash Deposit)

BitQuick is a highly reputable cash-for-bitcoin website that primarily focuses on buying/selling Bitcoin using cash deposit only. 

Just like P2P platforms like LocalBitcoins and Paxful, BitQuick helps to match buyers and sellers of Bitcoin as well as provides an escrow system to protect both parties until the end of a transaction , butthesimilaritiesstopthere.

First, BitQuick doesn’t operate globally. It only works in the United States (excluding New York).

Second, you don’t have to manually filter out sellers who’re willing to accept cash for their Bitcoin. BitQuick will automatically show you trustworthy sellers with the best prices in just one click.

Third, trading on BitQuick is not free. For its high speed and extreme ease of use, you’ll have to pay a 2% service fee and a 0.0001 btc mining fee for each transaction. But it’s still cheaper than buying through conventional crypto exchanges like Coinbase.

BitQuick is a fast and quick way to buy Bitcoin with cash using cash deposit service. It allows you to purchase $2.50-$9,999 worth of bitcoins in under 3 hours with an average processing time of 32 minutes.

What’s more, if you’re buying below $400 worth of bitcoins, you don’t have to verify your personal ID.

Here’s how it works:

Step 1: Go to BitQuick official site. Enter the amount of bitcoins you want to purchase and click “Continue”.

Step 2: Choose the offer that give you the most value.

Step 3: Provide your Bitcoin wallet address for receiving your coins and enter your phone number.

Step 4: Visit the local branch of the sellers bank. Fill out a deposit slip and bank in the total USD in cash to their account.

Step 4: Upload the receipt to the link given in your email.

Step 5: Wait for your coins. Seller will release Bitcoin from the escrow once payment is received.

4. Wall of Coins (Cash Deposit)

Wall of Coins is another great peer-to-peer Bitcoin platform that connects you to sellers who accept cash for Bitcoin. It’s available in US, UK, Canada, Australia, Brazil, Mexico, Romania, Germany, Poland, Argentina, Latvia, Poland, and the Philippines.

What’s particularly great about Wall of Coins is that you can buy/sell Bitcoin without registration. You stay anonymous throughout the entire buying process and receive your coins within 15 minutes.

Sellers will not know which bank you’re using to send them money, giving you higher privacy.

It’s quick, safe and private.

The only downside with using this cash deposit is that such services are only available within banking hours.

Here’s a step-by-step guide for purchasing Bitcoin with cash deposit on Wall of Coins

1. Find a perfect deal

You don’t have to create an account, only your phone number is required.

Simply go to Wall of Coins website and click “Buy” button.

To find the best deal nearest to you, click “Find My Location”.

2. Provide your Bitcoin wallet address

If you don’t have a Bitcoin receiving address with you or not sure which address to use, you can skip this step and supply the address later.

3. Place an order

Type in the amount of cash (local currency) you’d like to use to purchase Bitcoin and click “Next”.

From the list of payment destinations, pick one that offers the best value and most convenient for you to make the cash payment. Click “Order” to proceed.

4. Get a verification code

Provide your email address (optional). If you don’t enter your email, they will call you if any delays should arise.

You’ll receive a 5-character Purchase Code and enter this code into the website. Wall of Coins will then give you the cash payment details.

You’ll also receive a copy of this payment information on your mobile phone.

5. Deposit cash to the seller’s account

Go to a local payment destination and deposit cash into the given bank account within two hours.

If you fail to deposit cash, don’t worry, you’re free to cancel the trade.  There’s no penalty. You can always create a new order anytime.

6. Receive your Bitcoin

Once you made the payment, email a picture of your deposit receipt to the support. Bitcoin is sent to your wallet after payment is confirmed.

5. Bitcoin ATMs

Buying Bitcoin with cash on ATMs is probably one of the fastest and easiest ways without needing any ID verification.

Similar to traditional ATMs, but instead of spitting out your country’s currency like USD, AUD, EUR etc using your debit card, Bitcoin ATMs will send bitcoins directly to your crypto wallet upon insertion of fiat cash. Some Bitcoin machines allow you to sell your bitcoins too.

There are many different types of Bitcoin ATMs manufactured by different companies. Depends on the machine type and operator, some don’t require ID verification before you buy.

This way, you can buy bitcoins with cash conveniently and privately.

But it has a rather high transaction fee. Typically, Bitcoin ATMs charge 7-12% for buying/selling bitcoins. It is very important that you know this before purchasing bitcoins using ATM.

Use this Bitcoin ATM map to find the closest machine near you.

To start locating a Bitcoin ATM closest to you, follow simple steps below:

1. Go to Coin Radar and you’ll see a live worldwide Bitcoin ATM map.
2. Simply type in your city/address and press enter. As an example, I’ve entered “New York” in the search bar.
3. Select a Bitcoin ATM near you and click to see the details.
4. Click “Get Directions” to get the exact location and direction to your destination with Google maps.
5. Optional: Click “View listing” to learn more about the Bitcoin ATM operator including user feedback, operating hours, business name etc.

Now you know how to find a Bitcoin ATM, let’s see how these Bitcoin ATMs work and how to use them to buy/sell bitcoin.

(B) How to Buy Bitcoin with Bitcoin ATM

The buying process may vary from Bitcoin ATM to ATM. Here’s the general process at most ATMs:

1. Click “Buy Bitcoin”. Verify your identity if required.

2. Provide your bitcoin address for deposit.

3. Insert cash bills into the Bitcoin ATM.

4. Confirm the amount and complete your transaction. You’ll receive your bitcoin instantly on your wallet.

Pro Tips

I’ve said it once, and I’ll say it again.

Don’t store your Bitcoin on crypto exchanges.

Don’t use the exchange free wallet to keep your Bitcoin for long-term. 

Always move out the coins to your own wallet once you complete a trade.

Leaving bitcoins on exchanges are extremely risky!

With more than $9million lost every day due to cryptocurrency hacks, scams, theft, phishing and frauds, keeping your precious Bitcoin in your own Bitcoin wallet like the Ledger or the Trezor is your main priority.

Conclusion

There you go! By now you should know exactly how to purchase any amount of Bitcoin with cash or cash deposit in any country, instantly, private and fast!

• LocalBitcoins – Most popular P2P exchange for buying Bitcoin (BTC) with cash deposit.
• Paxful – Reputable P2P exchange for buying Bitcoin with 55+ cash options, including cash in person, cash deposit and cash by mail.
• BitQuick – Buying Bitcoin with cash deposit only in the US.
• Wall of Coins – Anonymous. Buy Bitcoin with cash deposit without revealing personal information.

I hope this article cleared up some of the questions you had about buying Bitcoin with cash.

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Do you have any other questions? Tell me in the comments!

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