How to Buy Bitcoins with Cash
- August 10, 2017
The secret of how to buy bitcoins with cash
Many individuals around the world are eager to get a hold of first Bitcoin. But is it so easy? How to buy bitcoins with cash? These are some frequently asked questions. It may seem buying digital currency is easy, but it needs some time and effort to buy. For all US residents here are numerous options available. There are a popular portal, BTM kiosks, and brokers where you can buy Bitcoins. Some of the web portals give you the chance to meet sellers and fix the deal at best possible price. Many international services are coming up giving users the option to buy Bitcoins using cash.
Deposit
This mode is known to offer a legal, effective and reliable way of getting your payment to suitable digital wallet without meeting any broker in-person. Cash can be deposited in any branch around the world, not just the one which is used by the account owner normally. With hard money deposit there are numerous benefits on offer:
- Buyers are protected from all frauds and scams online
- With paper money deposit, buyers can arrange own payment time that best fits into their need or schedule
- For this particular technique, it is not necessary to maintain bank account at any bank branch
- Buyers risk of being threatened or assaulted is reduced to a great extent
- The payment branch can be selected near to buyer’s own ATM or bank
Step-By-Step Process
Before making a trade, you need to register with the service provider. Creating account is easy, it takes few simple steps. Visit the registration page and enter all details correctly.
Find Offers
There are many offers available with service providers. By entering the name of the city and amount you want to buy, there are different offers available. Select the payment mode as “Cash Deposit” and move on to the next level. Matching offers based on your selection will appear. Select the best offer from the seller, and this will help you save time and money. It is always important to select sellers based on their reputation and ratings online.
Place an Order
Once the seller is selected you can go ahead buy option, automatically the buyer will be redirected to a page. Submit the order, and on successful completion, you can receive the money deposit payment receipt. Accordingly, the service provider will release the equivalent amount of bitcoins to your wallet.
Pay with Cash
On sending the request, you see all instructions for deposing money in cash. Get seller account details, and you can follow any means to transfer the money. Most banks where you pay the deposit will ask you to fill up a form and make the payment. Hardly buyer ID or details are asked for verification purposes. On completing a receipt will be given, keep it carefully for next step.
Send Receipt
To release Bitcoin, it is important for you to show the proof of cash deposit. The best way to send them the proof is direct messaging. Send an image of the deposit receipt and accordingly the seller will release Bitcoin.
