While bitcoins are available everywhere thanks to the immediacy of technology, you may not be able to or even want to purchase them with a credit card, debit card, or by providing your personal bank information, particularly if you’re buying from an individual seller. Luckily, there are options for using cash in bitcoin transactions, but these require extra diligence on your part.
The easiest way to use cash for purchasing bitcoins is to do an in-person transaction. There are a number of marketplaces and regional meet-up groups that are meant to facilitate this process as much as possible. However, the prospect of meeting up with total stranger and exchanging cash may be frightening to you, so luckily there are other ways that cash can be used.
There are marketplaces out there that may hold funds in escrow in the case of a cash transaction, so that both buyer and seller are assured with a guarantee. For instance, a service will let you know how close to you a bitcoin seller may be, so that you can contact them and arrange for an exchange of funds.
For an extra guarantee, you always have the options of using a wire transfer – some sellers and dealers will happily accept such methods, and they eliminate the possibility of uncomfortable or unsecure situations arising from in-person meetings. Of course, this can often add additional fees and increase waiting time, so it is up to you to decide whether you require speed or added security with your purchase.
Despite what you may think, there are actually a number of ways to buy bitcoins with cash, and whether you are looking for a quick transfer or a secure transaction, you’ll be able to find the method that best suits your needs.