Buying Bitcoin can be a profitable decision to invest your money, but many people don’t know how to buy Bitcoin, and for that reason, they hesitate to invest. Investing in Bitcoin can be complicated, but it is much easier when you crack the steps. Several platforms offer to buy various cryptocurrencies using your cash in a very few steps. You can buy Bitcoin in Davis CA, which offers a variety of coins you can choose according to your convenience.
Buying Bitcoin with cash sounds good as you don’t need to provide any personal information or KYC verification. You just need cryptocurrency exchanges and wallets that support buying crypto with cash. Below, we have mentioned detailed information about how you can buy cryptocurrencies like Bitcoin using cash.
4 Quick Ways To Buy Bitcoin From Cash
Four options are available to buy cryptocurrencies like Bitcoin with your cash. So, let’s explore these methods for better understanding before investing in cryptocurrency.
1] Peer-To-Peer Exchanges
Peer-to-Peer or, in short, P2P exchanges are escrow services that are a secure and comfortable way to buy Bitcoin through cash. Here, you just need to sign up for a good P2P exchange and find a reputable local Bitcoin buyer or seller.
Just visit the P2P marketplace and open an account using your Email address. Further, add your bank account to your wallet, and now you are ready to buy or sell your cryptocurrencies. You can directly fund to your bank account or transfer money to your bank account through online payment methods. Escrow features in these types of platforms provide safety for your money. These exchanges also contain hundreds of currencies other than Bitcoin, which you can manage very easily.
2] Buy Bitcoin With Cash In Person
You can find a person to deal with cash in Bitcoin if you don’t want to rely on third-party services. You can place ads on social media, local websites, advertisement forums, boards, or simply check with your friends. You can also visit Bitcoin meetups and search for the people who are interested in buying or selling Bitcoin in cash.
However, it is advisable that you should not reveal your actual name and location on those ads for safety reasons. And maintain a low profile if you visit Bitcoin meetups. If you get any person who is interested, then fix the meeting in a safe place like malls, shops, or local streets where people reside around you.
3] Through The Crypto Trading Platform
If you don’t find any person or a place for P2P Bitcoin trade, then you can visit the crypto trading platform. These platforms are available online, or you can download the app to connect with them.
These websites contain a portfolio of multiple cryptocurrencies, including Bitcoin, and you can buy them using cash. You just need to create an account with your email id, and the platform will direct you to the dashboard. Add your Bitcoin wallet, and now you are ready to trade with crypto coins like Bitcoin. You can purchase your Bitcoin directly from the website and transfer them to your wallet. And if you need to sell, you can use the same trading platform, and easily withdraw your money from the Bitcoin wallet.
4] Buy Bitcoin From The Bitcoin ATM
Another method is you can buy Bitcoin through the Bitcoin ATM. You can visit your nearby Bitcoin ATM and purchase Bitcoin using cash currencies.
Scan the QR code of your Bitcoin wallet in the ATM, through which you will get a paper wallet generated by the ATM. You will most likely be asked to scan your fingerprint or any other verification depending upon the ATM’s configuration or manufacturer. After giving all the details, the new portal will open, where you can select the number of Bitcoins that you want. And at last, you need to insert the required cash and wait for a few seconds until the coins are delivered to your wallet.
4 Easy Steps To Invest In Bitcoin
Now, if you have understood different ways to invest in Bitcoin using your cash, below are the steps to start your investment in Bitcoin.
1] Choose Crypto Trading Service
The first step in buying Bitcoin is choosing a cryptocurrency trading service or venue. The popular crypto services provide three features; cryptocurrency exchange, payment services, and brokerages. This platform offers a marketplace to purchase and sell coins, and you can manage your portfolio in one place.
2] Get A Bitcoin Wallet
The next step is to create a Bitcoin wallet to exchange all your coins from the trading platform to your bank account. It acts as a medium that connects the crypto trading platform and your bank account. You need to add this wallet to the trading platform, and you will be ready to sell and purchase the coins you want.
3] Place Your Bitcoin Order
Now, place the order of Bitcoin from a favorable platform or website. You can trade with P2P exchanges for secure trade. Just visit the website and choose the coin you want to purchase. Make payment through your credit and debit card or any other payment method and wait for some time. It can take a few minutes, and after verification, they will be transferred to your wallet.
4] Manage Your Bitcoin Investment
After investing enough Bitcoin, you can manage your coins straight from the website. You can track all the information on each coin in your dashboard. Sell them if you feel profitable using the same platform, or you can keep them for the future to make a huge profit.
Buying Bitcoin with your cash was tricky earlier, but now several online trading platforms are available where you can sell or Buy Bitcoin in Davis 2002. It provides an easy and safe terminal for your trade. If you want to start your investing career, then cryptocurrencies like Bitcoin can be the option to grow your money.