Now, many people are using cryptocurrencies for transactions in their daily life. Bitcoin is the most popular cryptocurrency that every individual wants to have in their collections. And several methods are available to buy bitcoin in California and other places like cryptocurrency exchanges, trading platforms, payment apps, and many more.
All these platforms are fully automated, making them unreliable for depositing a large amount of money for a long time. If you are looking for any method where you can directly pay cash and get bitcoin, then your research ends here. Scroll down for the five best ways to buy bitcoin online with cash in 2023.
5 Different Ways To Buy Bitcoin With Cash In 2023
Finding the person who wants to sell his/her bitcoin or a platform where you can pay cash online and get the coins can be difficult. Identifying this issue, we have mentioned five places where you can purchase bitcoin by direct payment.
1] Peer-To-Peer Exchange
The majority of Bitcoin trading occurs in off-exchanges which is actually a good thing. Many platforms provide P2P exchanges where you can interact with buyers and sellers. You also get multiple payment options that allow you to pay online with low trading fees, which are absent in other online platforms.
You just need to visit the website or download the app and create an account. Connect your wallet and sign in to access a variety of digital coins available on the platform. Else, you can post an ad to buy to find a potential seller and initiate a trade with him or her. You can also browse through the sell ads posted by the bitcoin sellers and interact with them for the best deal.
After the negotiation, you can choose the payment option provided by the seller and get the bitcoin in your wallet. But be aware of finding the genuine trader as these platforms are infamous for fraud and slow trading speed.
2] Buying From Individuals
The second method is buying bitcoin from the individual. If you have any trusted friend who is willing to sell his bitcoins, then you are all set. But it is not easy to find them, and even the accessibility of these people is limited.
If you want to interact with sellers in person, then attending bitcoin conferences and various similar events can solve your problem. Several local groups are available on social media, which you can follow to locate these events. Here, you can find many people trying to sell their cryptocurrencies to a genuine person.
You can talk to them and fix a meeting in person for the exchange of bitcoin by paying hard cash or online payment. Make sure to fix the meeting in a public place for security reasons, and don’t forget to take your laptop or mobile to access your wallet. Simply bringing your wallet address can create issues in verifying your coin’s receipt.
3] Using Bitcoin ATM
The most effective and safe way to buy bitcoin using cash is through Bitcoin ATM. This is also one of the fastest ways that take a maximum of 90 seconds to complete the overall process. With this reliability, many people have started using ATMs, which tends to increase in the future.
You just need to reach the nearest bitcoin ATM Sacramento, which is available in almost every place. Mention your Phone number and scan your wallet to update your Bitcoin address. The new interface will open where you can choose your bitcoin value and re-enter your wallet address on your own. Insert the required cash to proceed further and press on 'finish' if completed.
After completing the purchase, the coin will be sent to your wallet address which may take less than 90 seconds. And during the transaction, no personal information is saved, so it can't be hacked by any hackers and is thus considered one of the secure methods.
4] Through Cash Deposit At Seller’s Bank Account
The next powerful method to buy bitcoin with cash is by depositing money in the seller’s bank account. The seller will send you his/her bank details after the deal is finalized. You can pay them via online transactions or even by visiting the nearest branch to deposit the payment. Further, the seller will send the coins to your wallet provided by the wallet address.
5] Pay Cash In Local Stores To Buy Bitcoin
The last is buying bitcoin from local retailers using cash. Yes, you read it right, as several companies have collaborated with various retailers to make buying bitcoin more convenient for traders.
You just need to install your preferred app and make an account leveraging the wallet and start purchasing. Select the retailers available near you, and after that, the company will send you a bar code. The retailer will scan the barcode, and then you need to pay the required money. After completing all the procedures, the bitcoin will automatically be deposited into your wallet.
So, these are the most convenient ways to buy bitcoin online with cash. You can use any of them to make a transaction, but it is recommended to use Bitcoin ATMs if you are dealing with cash. This is one of the fastest ways you can use that takes less than 90 seconds to complete the transaction. And the best part is no personal information is stored on the database of the ATM company, which provides security from hacking and other suspicious activities.