BTC stands for Bitcoin, which is the most popular cryptocurrency in the world. It has the highest market share and also the highest value against the US dollar.

Most crypto enthusiasts are seeking BTC because they want to join crypto trading while others want to securely invest their fiat money in a fast-growing environment. Regardless, it is good to know whether or not you can buy BTC with cash, and if yes, how and where to do it. If you are such a person, this article is for you.

Can You Buy BTC with Cash?

Absolutely, you can buy BTC with cash any time you want, whether you are a beginner or a seasoned trader. This means giving fiat money, either cash at hand or wired from the bank, to someone or an institution in exchange for Bitcoin.

Before you can buy BTC with cash, you need to have fiat money and a digital wallet where the virtual coins will be sent. Also, you might need a platform to facilitate the purchase, which is often a crypto exchange.

Where Do You Buy BTC with Cash?

As mentioned, you might need a third-party agent to buy BTC with cash. Usually, crypto exchanges are the common options. If you are looking for where to buy Bitcoin with fiat money, here are the best choices.

Physical exchanges – This is a new way of selling Bitcoin physically to walk-ins in an office setup. An agent assists buyers in completing the process. The physical exchange accepts hard cash in return for an instant purchase or provides it for an instant sale.

Bitcoin ATMs – Most of us who know about cryptocurrency may have heard of or used a BTC ATM. This automated machine allows you to see the current value of Bitcoin before you buy it with hard cash or use a bank card.

Online exchanges – Many of these platforms are flexible, and they accept a bank card for cash payers. Depending on the country, you can buy BTC with cash using mobile payment and online payment systems.

How Do You Buy BTC with Cash?

If you have selected the most appropriate option to buy BTC with cash, then you can easily determine how they work. Generally, the platforms follow a similar procedure.

·       Log in to the platform you intend to use or walk into the premises in the case of a physical exchange.

·       Check the current Bitcoin rate against the currency you intend to use and calculate what you will get from the amount of cash you intend to use.

·       Click buy or ask the agent to help you buy. Give the platform the authority to transfer the cash to their account.

·       Receive your Bitcoin in the platform’s account or directly into your digital wallet and confirm that, indeed, the virtual currency is in the account.

Conclusion

If you are worried about buying BTC with cash, you now have an idea of how to go about it. Ensure that you learn more about the option you intend to use to buy BTC with cash. But if you are not sure, all you need is to consult an expert.