Online transactions and electronic money have become the norm, so the idea of purchasing a digital asset like Bitcoin with physical cash might seem counterintuitive. As a beginner in the crypto industry, buying Bitcoin with cash is the easiest option, although you can swap other crypto coins for BTC or accept it in your business.
Experts recommend using cash from your bank, an internet payment option, or any other source as a better option. From the desire for privacy to the speed of transactions, buying Bitcoin with cash offers advantages that other payment methods often can’t match.
In this article, we’ll discuss the compelling reasons behind this choice, and the insights below will convince you to buy BTC with cash. It is convenient, affordable, and fast.
5 Reasons to Buy Bitcoin with Cash
1. It Is Discreet
Most crypto investors still want to remain discreet when investing in cryptocurrency. Buying Bitcoin with cash is one way to avoid sharing personal data or exposing yourself to authorities in your country.
If you check well, many reputable exchanges do not even require you to fill out the KYC forms when using liquid cash. But if you use cash in the bank, for example, or a credit card, then it is easy to leave traces.
You should know how to remain discreet when working with and transacting with Bitcoin in any way.
2. It Is Secure
Buying Bitcoin with cash is also popular because it is secure. Apart from anonymity, not sharing your personal data also reduces the chances of being hacked or exposing your accounts to other risks.
In fact, buying with liquid cash from a reputable seller, such as a BTC ATM or a physical exchange, is considered more secure.
However, buying Bitcoin with cash securely goes beyond using cash. You should observe other safety measures to avoid losing your investment.
3. A Lot of Options
When buying Bitcoin with cash, you have a lot of options. You can buy from a reliable online exchange that accepts bank payment, buy from a physical exchange using hard cash, or buy from a BTC ATM using the given options. You can also buy physically from people you know.
Many crypto enthusiasts consider this option very favorable for both beginners and seasoned crypto investors. All you need to do is learn how to go about it, and you will have an easy time.
4. It Is Affordable
Buying Bitcoin with cash is very affordable as compared to using a credit card or even a crypto swap. To understand this better, you can compare prices offered by different exchange companies or outlets.
You will be surprised that you will save a lot on transaction fees with cash options.
Some popular exchange companies charge as much as three times for other options to encourage buyers to use cash on their bank cards, mobile money wallets, and internet payment solutions, among others.
5. It Is Popular
Lastly, let’s mention that buying Bitcoin with cash is very popular. It is widely accepted by many sellers, and you will find it anywhere you go.
If you want to increase your chances of buying Bitcoin, consider local or international cash such as US dollars, Euros, and British Pounds.
With all of these benefits, you will have an easy time buying BTC. Many people already know this, and you too can enjoy it. Make the right decision right now.