Nowadays, it is very easy to buy bitcoin with a cash deposit. Unlike a few years ago, you can find various places on the net that deal with crypto trading. If you’re new to buying and selling crypto coins, things may seem a little challenging at the beginning.
Bitcoins and other altcoins such as Ethereum have proven to be a success over time. More and more people are now converting their fiat currencies to crypto coins. You can buy bitcoin with money or a credit card.
If you are a newbie to trading crypto coins, don’t worry. In this guide, we take a look at how to buy bitcoins with cash. We will also share all of the best places to buy bitcoin from. Finally, the article will also include steps to follow when buying crypto coins online.
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Buying Bitcoins from Crypto Exchange Websites
If you’re looking to buy bitcoins, we would suggest you use an exchange website. Exchange websites are easy to use and quite user-friendly. You only need to sign up for an account and you’re set.
You can also buy bitcoins from your bank account via a debit or credit card. However, on some websites, you will be required to prove your identity before completing any transaction. Most exchange accounts such as Nakitcoins also have an FAQ section where you can get a guide on how to buy bitcoins with cash. If you want more information, NakitCoins offers how to buy bitcoins with cash.
Exchange websites also offer other services, and one such service is coin swapping, where you can trade your bitcoin for altcoin
“ns and vice-versa. The transaction or service fees are also relatively low and manageable even when transacting massive amounts.
Using P2P Websites
If you know your way around the crypto market, then you can use P2P websites. They work in an almost similar manner. The only difference is that on P2P websites, you deal with the sellers or merchants directly. Another difference is that P2P websites do not require you to prove your identity before completing a transaction.
You can buy bitcoin with money from a P2P merchant. When selecting a merchant, ensure that you review their stats first. Check the number of transactions they have completed and their rating on the site. Don’t get carried away by cheaper exchange rates. Keep in mind that some P2P crypto sellers are scammers.
Using Bitcoin ATMs
Bitcoin ATMs are slowly becoming a common sight in most major cities and towns worldwide. If you search ‘where can I buy bitcoin with cash near me’ on Google, you’ll get a listing of bitcoin ATMs in your region. Bitcoin ATMs work in an almost similar manner to regular ATMs.
The ATM is linked to your private crypto wallet. You can buy Bitcoin by depositing fiat currency, and its Bitcoin equivalent will be sent to your crypto wallet. You can buy crypto of any amount from a bitcoin ATM.
There you have it, ladies and gentlemen, on ways for how to buy bitcoins with cash. If you’re interested in learning more, you can join crypto forums on sites such as Reddit.
