So you want to buy Bitcoin with cash? Yes, Bitcoin can also be purchased with cash. If you have decided to do that, your best option will be LocalBitcoins. There you can buy Bitcoin with cash trade in-person or buy with a cash deposit. This method works for most countries in the world.
LocalBitcoins mission is to find buyers and sellers of Bitcoins and bring them together. Until the transaction is finalized, LocalBitcoins will hold money in escrow – this way you will be safe. It keeps you protected from fraudulent users.
Join LocalBitcoins by clicking this link. You will join most reputable person-to-person bitcoin trading site. After registering now log into your account and start looking for buyers/sellers in your area. If you are using proxy or site is confused about your exact location, you can set your area manually.
How the trade will take place is really easy actually. Let’s say you want to buy Bitcoin with cash. First you need to find a seller in your area who agrees to take cash. After that select amount of coins and click order. You will be sent account number from the seller. Next step is to deposit cash into seller’s account. To finalize, you should upload receipt which will prove, that trade has been completed and funds received/sent. Congratulations! Your Bitcoins have just arrived to your wallet. Fee is 1% from each purchase.
As you can read from above, it is not complicated at all. If you are worried about giving out personal information, then you should know that LocalBitcoins does not require any personal details or verification, although it should be noted that specific sellers are encouraged to request this info from you, to minimize risks for themselves.
There are pros and cons. Being private and easy to use is undebatable, but there’s point being made that it might not be the most convenient choice if you want to buy large amounts. Then your best choice might be CoinMama (click) – also recommended by CryptoVigilante.