Bitcoins are skyrocketing by the second, but despite them being in wide-demand, questions like “ How to buy Bitcoins with Cash ” aren’t public knowledge. Well that’s one question which gets answered right here, right now.
Now there are various reasons why you might be searching for ways to buy Bitcoins with cash. Primarily, it’s the traditional method, dealing in cash. Secondly, you don’t have to “trust” the other person or make any kind of advanced payment if you’re not sure about the trader
Table of Content:
- How to buy Bitcoins with Cash using LocalBitcoins.
- How to buy Bitcoins with Cash using Paxful.
- How to buy Bitcoins with Cash using Social Media.
- How to buy Bitcoins with Cash using Self Hosted Websites and Communities.
So let’s walk you through some of the best How to buy Bitcoins with Cash, step-by-step.
1. Local Bitcoins
For almost all the Bitcoin buying guides I’ve written, Local Bitcoins has dominated the article by being my first choice.
That’s simply because it offers every single payment method on this planet, for every single country, and that holds true for cash as well.
So head over to LocalBitcoins.com and enter the amount of traditional currency you’d like to exchange for BTC.
Then select your currency and country. As far as the payment method is concerned, choose “In-Person Cash” from the list.
Once you click on search, you’d get a list of all the traders who’re exchanging BTC for cash. So select the most trusted trader from the list. (You can use our article on How to buy Bitcoins with Paypal to gather how to calculate and verify the trust of the seller!)
Anyway click on “Buy” on the seller’s link.
You can see the meeting preferences on the right-sidebar, if you agree on the meeting locations, timings and everything else you can proceed to the next step.
Send the trader a message regarding your intentions, and click on “Send trade request”.
Once they accept your request, you can chat with them using the message panel and zero-in on a mutually accepted location. Once that’s done, meet the person and make the payment.
After doing that, click on “Mark Payment Complete” option on the spot.
After you’ve marked the payment complete, the trader would confirm your payment on this device, and the Bitcoins would get released from LocalBitcoins escrow to you.
Done! This truly is the best, easiest and simplest method to buy Bitcoins using Cash.
- Escrow service guarantees successful trades.
- Global Support – (99% countries supported).
- Supports 99% global currencies.
- Trader level, reputation, history and trust can be verified. (It’s all based on their previous transactions and activities).
- No identity verification required.
- Low fee: 1% of the transaction.
- No Specific cons.
The reason being, it works more or less similar to LocalBitcoins and serves as a portal where you can find people willing to meet you in person, and sell their Bitcoins for cash.
Just head over to Paxful and click on “Buy Bitcoins”.
Enter the Amount, currency and your country. In the Payment method, select “Cash in Person”, and click on “Search”.
You can also click on “Give me the best” button, it will automatically get you the best seller available for you and you won’t have to search for any one seller manually.
Considering you clicked on search, select any seller from the list that follows if the rate per Bitcoin, location, min-max amount etc. satisfy your needs, click on buy.
Specify the amount for which you wish to receive BTC again on the next screen and click on Buy now.
As soon as you click on “Buy now”, the Bitcoins are stored in Escrow by Paxful. Now you need to meet the person wherever both parties decide with mutual consent. (You can use the message panel to chat with the seller).
Once you meet and pay him the amount, click on “I have paid the seller as requested” on your Paxful account.
Once the seller verifies the transaction from his account, the Bitcoins are released to you from Paxful’s escrow.
Basically LocalBitcoins and Paxful operate on the same framework so if you wish to buy Bitcoins with cash, these two should definitely be on top of your list.
- No fee! This is the best thing about Paxful. You do not have to pay any fee as a buyer. Only the trader/seller is charged a fee of 1%.
- Global currency and countries support.
- Simple user interface.
- Escrow service to protect your money.
- Trader reputation can be verified.
- No specific cons.
3. Wall of Coins
Wall Of Coins is another platform which lets us Buy Bitcoins with Cash. However its working infrastructure varies greatly from both the other options listed above.
In the above options, we were directly dealing with individual sellers. In this case, we’d be dealing mostly with their banks.
Although note it’s not a platform for you if it’s “anonymity” you seek while buying Bitcoin with Cash.
Without further adieu, lets get started.
So the first step you need to take is, go to the website’s homepage and click on “Buy“.
The next page would ask you to enter your Bitcoin address, this is where you’d receive the funds once a purchase is completed.
Then you need to enter the amount of cash you’d like to trade for Bitcoins.
The next page would then ask for your Zip Code, even though it says it’s not “mandatory” to enter a Zip code, in my experience it is. Nothing comes up without the Zip Code so do enter your area’s zip code.
And then finally a list of all available options which can be used to buy Bitcoins with cash are shown. Note that these are banks not individuals.
Sellers on the platform have listed these banks as their deposit accounts. The results are most likely based on your zip code. Simply select the bank account you can deposit to most comfortably.
If this is the first time you’re ordering, the next page would ask for your E-mail ID. Do enter it.
Then you’d also need to enter your Cell phone number. This is where a purchase code is sent. This step is what -makes Wall of coins one of the least anonymous BTC-with-cash buying options on this list.
The next page would ask you to create a password. This password is used to check the status of your purchase.
The platform would then send a purchase code to your cell phone. Enter it on the next screen to verify your number and the purchase.
And finally, the bank details are shown. This is where you need to send your cash. Get the funds deposited to the account and click on “Deposit is done” button once you’ve made the deposit.
Then you simply need to send the “proof of deposit” receipt to the company at [email protected] along with your cell phone number (and any other information you see fit to identify your payment and order). Once the platform verifies your payment you get your Bitcoins, plain and simple.
Note: Payments need to be made within 2 hours of an order-creation, else the order gets auto-cancelled and you’d have to create a new order.
Wall of Coins Pros:
- Easy to use
- Lots of options.
- No involvement with individuals needed.
- Not anonymous at all. Requires cell verification.
4. How to buy Bitcoins with Cash using Social Media
Social media offers more than just “chatting and connecting” features. The problem is we don’t utilize all the features showered upon us.
Social media platforms like Facebook, Reddit, and Twitter etc. are a great way to meet any kind of people you wish for any kind of job. These aren’t “official” Bitcoin buying and selling platforms, but they get the job done, and that too without any mediator fee!
Meaning you do not have to pay the social media platforms any fee for arranging the sale which is definitely an edge you’re getting.
Facebook is becoming more than just a “social network”. Among the many mindboggling features we’ve been introduced to recently, one of them is “Buy and sell” via Groups feature.
So well just head into any Bitcoin related group which receives good activity and click on the “add a new post section” and then choose “More> Sell something”
Then write up your post, for eg. In the headline describe how much you’re willing to exchange of traditional currency, enter your location, and any other kind of basic details.
Done! If the group is active enough, people nearby that location who’re interested and need to buy Bitcoin with cash will send you a message over inbox (or email if you’ve specified) and you can get the deal done.
Reddit is one of the most popular and most engaging communities on the planet. You can find a subreddit for almost any topic on the globe, ranging from simple shoelaces to building spaceships.
Now this huge range of subreddits is what you can utilize to find compatible partners willing to sell Bitcoins to you on a P2P (person to person) basis.
Just head over to Reddit, and search for “Bitcons”, “Buy Bitcoins”, “Sell Bitcoins” or any other related term. It will get you a list of all the subreddits on the topic.
Head over to any subreddit and find the thread which seems most likely to fit your needs.
Once you’ve found the thread, read the thread description and if it suits you, you can leave a comment with your contact details for the seller to contact you.
Linkedin, probably the best and only “Professional” social-network on the planet is yet another platform for you to buy Bitcoins with cash. Just like Facebook groups, Linkedin too has “Groups”, a place where like-minded people come together.
All you’ve got to do is, search for “Bitcoins” on the search bar, and click on Groups.
Then, choose any group which seems to have a big enough audience and ask to join it.
Once you’re in the group, just leave a post/thread stating your intentions, locations and T&C. If it’s an active group, where buying & Selling isn’t banned or prohibited your post will get noticed by other interested parties who’re willing to let you buy Bitcoins with cash.
d. Google+ Communities
More or less similar to the Facebook Group concept, Google+ communities too let you search for a particular group, find and meet people, and then buy Bitcoins with cash.
Just enter “ Bitcoins/Buy Bitcoins ” or any other related term in the search bar.
Some search results such as buy Bitcoins with Credit Card / Debit Card / Paypal etc. pop up but try not to click on them, and instead just hit the enter button to execute your search. Now you’ll be shown a list of groups/people with your search term.
Now it’s up to you to find a group/individual over there and place a deal with them.
ProTip: Searching and landing a person willing enough to sell you Bitcoins instantly on Google+ communities is a tad bit hard.
Hence the best approach is to, join any other community which is related to Bitcoins, even the communities for buying Bitcoins with Paypal /Credit/Debit cards etc. interact with the folks there for some hours or days, try to get a feel of who’s who of the group and from where, and after getting a rough idea of the group there’s a better chance of you sending a message to someone and they letting you buy Bitcoins with cash from them.
Basically there are no “Steps” as such to buy Bitcoins with cash from Social media. In a nutshell, it’s just finding the right kind of person, and buying from them. You can either mail them, tweet them, inbox them over Facebook or use pigeons if you please; there’s no steadfast rule as to how you can get the deal done.
5. Buy Bitcoins with Cash using Self Hosted Websites and Local Communities
Social communities are slightly different than social networking platforms.
Basically on a Social community, there’s more of “finding and exploring” rather than “chatting and liking or commenting”.
There are basic communications features no doubt, but they’re primarily centered around bringing a group of individuals together rather than letting them chat throughout the days.
Meetup is one of the best communities you can use to land some potential Bitcoin P2P deals.
It basically offers you the choice to join various different kinds of groups and interest-factions. All you’ve got to do is, join any group related to Bitcoins/Cryptocurrency or Digital Trading and find the people who might be willing to sell to you.
As the name already suggests, “Meetup” members meet-up on a pre-decided date & time to discuss, get together and exchange ideas.
The same opportunity couple be utilized to buy Bitcoins with cash without any risk as well, considering you won’t ever be “alone” or isolated, instead the whole group of attendees would be present at the location.
I do accept that most of the methods discussed throughout this guide weren’t conventional, but nevertheless they do help you buy Bitcoins with cash one way or another. In case LocalBitcoins or Paxful aren’t cutting it for you, Social media will surely prove to be a hidden weapon in the arsenal.
Do let me know which social media platform you’re going to try or have tried, your results help us carve out better articles for the future.