Where to buy Bitcoin with cash?

Where to buy Bitcoin with cash?

Why buy Bitcoin with Cash?

There are several reasons why someone might opt to buy Bitcoin with cash, even in the age of digital banking and online transactions.

Here are some of the main reason to buy your Bitcoin with cash.

Privacy and Anonymity

One of the primary reasons people choose to buy Bitcoin with cash is to maintain their privacy. Many centralized exchanges require personal details, addresses, and even copies of personal documents. This is called KYC or Know Your Customer. Buying with cash can avoid these requirements, keeping the transaction more private.

Avoiding Bank Restrictions

Some banks and financial institutions have strict policies regarding cryptocurrency transactions, including blocking such transactions in certain cases. Using cash sidesteps these bank restrictions.

Avoiding Capital Controls

In countries with strict capital controls that limit the amount of money that can be sent abroad, buying Bitcoin with cash can be a way to circumvent these restrictions.


While bank transfers and credit card transactions can sometimes involve delays, a cash transaction can be immediate, especially when done in person.

No Need for a Bank Account

This is especially important in countries or regions where a significant portion of the population is unbanked. People without access to traditional banking services can still acquire Bitcoin using cash.

Physical Security

There are concerns about online scams and fraudulent activities on some platforms. Meeting in person (in a safe, public place) to transact can sometimes be seen as more secure, especially when dealing with large amounts.

Avoiding Transaction Fees

Transacting with credit cards or online platforms often involves fees. While not always the case, cash transactions can reduce or eliminate these fees.


Some people feel more comfortable transacting in person and handing over cash only when they’re sure they’ve received the Bitcoin.

Supporting Peer-to-Peer Economy

Some users prefer direct interactions without intermediaries, both as a philosophical stance in line with the decentralized ethos of Bitcoin and to foster direct community interactions.

While there are obvious advantages, there are also risks involved.

Cash transactions, especially those conducted in person, carry personal safety concerns. There’s also a heightened risk of fraud if you’re not using a trusted intermediary or escrow service.

Here are 12 ways you can buy Bitcoin with cash.

Local Meet-ups

Local meet-ups or Bitcoin gatherings are events where cryptocurrency enthusiasts come together. It’s possible to find someone willing to exchange Bitcoin for cash in person.

  • Link: Websites like Meetup.com often list local Bitcoin and cryptocurrency meet-ups.

Bull Bitcoin (For Canadians)

This is a Canadian service that allows individuals to exchange cash for Bitcoin at post offices, making it a convenient option for those in Canada.

Link: Bull Bitcoin

Azteco Vouchers

Azteco provides vouchers that can be purchased with cash and then redeemed for Bitcoin online.


Termed the “Tinder for Bitcoiners,” Vexl is a platform that connects Bitcoin buyers and sellers based on location and social connections.

Bitcoin ATMs

Bitcoin ATMs resemble traditional ATMs but allow users to purchase Bitcoin using cash. However, some may charge high fees.


A platform that facilitates peer-to-peer Bitcoin exchanges, often allowing users to buy Bitcoin with cash.


Bisq is a decentralized exchange that supports various payment methods, including cash-by-mail. The platform ensures privacy and does not require KYC.

Postal Money Order (With Bisq)

A postal money order is a payment order for a pre-specified amount of money. Bisq supports postal money orders as a payment method for Bitcoin.

  • Link: Information on this method can be found on the Bisq Wiki.

Coinstar Machines (US specific)

Some Coinstar machines, known for converting loose change into cash or gift cards, now offer the option to purchase Bitcoin.

P2P Exchanges

Peer-to-peer exchanges connect buyers and sellers directly. Platforms may offer various payment options, including cash exchanges.

Bitcoin Conferences

Bitcoin conferences or events can be ideal places to find direct sellers. Attending these events can also be educational and provide networking opportunities.

Voucher/Gift Cards

In some regions, you can purchase gift cards loaded with Bitcoin using cash. These cards can be redeemed online for Bitcoin.

  • Link: Some platforms offering such services are Bitnovo and Paxful.

Remember, when buying Bitcoin with cash through peer-to-peer means or other informal methods, it’s essential to ensure the safety of the transaction and to deal only with reputable individuals or platforms.

Always conduct thorough research and consider meeting in public places if doing in-person exchanges.

If you have other ways of buying Bitcoin with cash, I would love to hear about it. Please let me know if the comments.

Leave a Comment


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *