Published Jul, 14 2022

How to Buy Bitcoin with Cash

If you’re just starting your journey into the world of cryptocurrency and are a bit confused or overwhelmed, it’s not your fault.
Buy Bitcoin With Cash

If you’re just starting your journey into the world of cryptocurrency and are a bit confused or overwhelmed, it’s not your fault. It can be a bit tricky to get a good handle on crypto. But it’s worth it, especially because you can buy Bitcoin with cash!  

One of the first barriers to crypto adoption is that people don’t really understand how to buy Bitcoin—and, more importantly, how to do so with cash.

In this article, we’ll analyze the most common methods to purchase cryptocurrency and explain how to buy Bitcoin with cash.

Why Cash May Be Preferred

It’s not unusual for people to prefer cash when it comes to buying crypto —or any other asset, for that matter. While credit and debit cards may be popular, cash purchases are private and usually relatively quick, and using cash has become one of the easiest ways to get crypto.  On top of that, for whatever reason, many people are unbanked and have no access to a credit card or other payment methods to buy coins on exchanges. So they need to use cash.

Buy Bitcoin with Cash at Bitcoin ATMs

The main option for buying crypto with cash is going to a Bitcoin ATM. The concept is pretty self-explanatory: Bitcoin ATMs are kiosks where people can buy Bitcoin and other cryptocurrencies using cash.  

Bitcoin Depot is the largest Bitcoin ATM operator in the US. We offer thousands of kiosks placed in convenient locations throughout the country.

Bitcoin ATMs have several advantages compared to other methods for buying crypto with cash.

On the one hand, they are a lot more convenient and quicker. With Bitcoin ATMs, all you need to do is locate a kiosk near you —and you know it will always be there when you need it.  In fact, the process is pretty straightforward. In general, all you need to do is create a digital wallet (if you don’t already have one), sign up with your Bitcoin ATM provider and verify your account, head to the ATM, insert the cash, and get the crypto in your wallet.  The entire process of buying Bitcoin with cash takes just a few minutes.

All in all, Bitcoin ATMs are the most convenient, fast, and safest way to buy crypto with cash, and they are particularly user-friendly for new crypto investors.

Bitcoin ATMs are Not the Only Way to Buy Bitcoin with Cash

Now, let us tell you a little secret: There’s a new way Bitcoin Depot is allowing you to get Bitcoin with cash.  We offer a way to convert that cash to Bitcoin using our mobile app at the cash registers of participating retailers.  Let me explain.

Buying Bitcoin with cash doesn't get any easier than this. All you have to do is follow six simple steps:

  1. Update or install the Bitcoin Depot app on your phone.
  2. Select the retail location you wish to use and click LOAD CASH.
  3. Enter the dollar amount and the Bitcoin wallet you want to load.
  4. Head over to the retailer you choose and show them the barcode on the app.
  5. The cashier will scan the barcode, and then you can pay them in cash.
  6. Click on “BUY BTC NOW, and that’s it! Your crypto is on its way to your wallet.

Get Your Hands on Some Bitcoin Today!

At Bitcoin Depot, we want to make Bitcoin more accessible to everyone, regardless of their preferred payment method. We’ve designed this new method with that goal in mind, hoping to make it easier for everyone to buy Bitcoin with cash, especially beginners who might be feeling a bit lost. 

So, download the app, head to your favorite retailer, and give it a try!