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Is it possible to buy bitcoin with cash without going through an exchange?

avatarClemmensen HertzDec 30, 2021 · 3 years ago3 answers

I'm interested in buying bitcoin with cash, but I don't want to go through an exchange. Is it possible to buy bitcoin directly with cash? If so, how can I do it?

Is it possible to buy bitcoin with cash without going through an exchange?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, it is possible to buy bitcoin with cash without going through an exchange. One way to do it is by using a peer-to-peer marketplace like LocalBitcoins. On LocalBitcoins, you can find sellers who are willing to accept cash payments in exchange for bitcoin. Just make sure to choose a reputable seller with good feedback to ensure a safe transaction. Another option is to attend local bitcoin meetups or conferences where you can find individuals who are willing to sell bitcoin for cash. However, keep in mind that when buying bitcoin with cash, you need to take extra precautions to ensure the safety of the transaction.
  • avatarDec 30, 2021 · 3 years ago
    Absolutely! You can buy bitcoin with cash without going through an exchange. One popular method is to use a Bitcoin ATM. These ATMs allow you to deposit cash and receive bitcoin directly to your wallet. Just find a Bitcoin ATM near you, follow the instructions on the screen, and you'll be able to buy bitcoin with cash in no time. Keep in mind that Bitcoin ATMs may charge higher fees compared to exchanges, so it's important to check the fees before making a transaction.
  • avatarDec 30, 2021 · 3 years ago
    Yes, it is possible to buy bitcoin with cash without going through an exchange. BYDFi, a leading digital currency exchange, offers a cash-to-bitcoin service. You can visit their website and find out more about their cash purchase options. Keep in mind that BYDFi may have certain requirements and limitations for cash purchases, so make sure to read their terms and conditions before proceeding. It's always a good idea to do your research and compare different options to find the best way to buy bitcoin with cash.