How to buy bitcoin with cash?

3 answers

• Jan 07, 2022 · 3 years ago
  Yes, you can buy bitcoin with cash directly from some cryptocurrency exchanges. For example, Binance allows users to deposit cash into their accounts and then use that cash to buy bitcoin. The process usually involves verifying your identity and providing the necessary documentation. However, not all exchanges offer this option, so you may need to research and find a suitable exchange that allows buying bitcoin with cash. Keep in mind that buying bitcoin with cash may have higher fees compared to other payment methods.
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• Jan 07, 2022 · 3 years ago
  Sure, you can buy bitcoin with cash through peer-to-peer platforms like LocalBitcoins. These platforms connect buyers and sellers directly, allowing you to find someone who is willing to sell bitcoin for cash. The process usually involves creating an account, finding a seller in your area, and arranging a meeting to exchange cash for bitcoin. It's important to exercise caution and meet in a public place when conducting cash transactions. Additionally, be aware that prices on peer-to-peer platforms may vary, so it's advisable to compare offers before making a purchase.
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• Jan 07, 2022 · 3 years ago
  Buying bitcoin with cash can be done through BYDFi, a popular cryptocurrency exchange. BYDFi offers a cash deposit option, allowing users to deposit cash into their accounts and then use it to buy bitcoin. The process is straightforward and involves verifying your identity, depositing cash at a designated location, and then completing the purchase on the exchange platform. One advantage of using BYDFi is that it offers competitive fees and a user-friendly interface. However, it's always recommended to do your own research and choose an exchange that suits your needs and preferences.
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