HomeBitcoinHow to buy Bitcoins with cash

How to buy Bitcoins with cash

Last updated 19th Jan 2022

Buying Bitcoin with cash probably sounds like an impossible task. After all, how can you buy virtual currency with fiat (physical) money?

However, this is entirely possible. It might be confusing initially, but we’ll show you how to buy Bitcoin with cash if you stick with us.

We’ll also tell you all about where you can do it, and we’ll answer a few questions that you might have. Finally, we’ll explain why buying Bitcoin with cash can be the best method to use if you want to protect your privacy as much as possible.

So if you’re wondering “how do I buy bitcoins with cash”, keep reading to learn everything you need to know about buying BTC with cash.

Top Brokers to Buy Bitcoin With Cash

Buying Bitcoins with cash is often challenging, as it’s typically hard to find suitable platforms that accept such purchases.

There are several methods of buying Bitcoin with cash, and many of them don’t involve a typical crypto exchange or broker, which is one of the main reasons it’s hard to buy BTC with good old cash.

However, we’ve still managed to find the best Bitcoin brokers and exchanges that accept cash, so all you need to do is choose one to get started.

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What Is a Cash Bitcoin Broker?

A Bitcoin cash broker is effectively a digital platform that lets you purchase BTC with cash. You need to make a cash deposit, and you will get Bitcoin in exchange — as simple as that.

Naturally, the actual step-by-step process you’ll have to complete varies from platform to platform, but it’s usually relatively fast and straightforward.

These platforms rarely differ from your typical Bitcoin brokers and exchanges, as they are often the same platforms that just happen to offer cash as a payment method. For instance, Binance — one of the most popular crypto exchanges globally — has more than 350 payment methods. One of these is cash.

Where to buy Bitcoins with cash?

Before we get into how to purchase Bitcoins with cash, we need to understand where you can buy Bitcoins with cash. There are two types of platforms on which you can potentially buy Bitcoin with cash:

  • Peer-to-peer exchanges

  • Bitcoin exchanges that let you purchase crypto this way

The two are effectively the same, with a tiny difference — dedicated P2P exchanges act as escrow services so that you can exchange cash for Bitcoin with other people. In contrast, Bitcoin exchanges simply let you buy crypto with real money.

You can also buy BTC with cash using either of the two options listed below.

  • On a regular Bitcoin ATM (BTM), as long as you have one near you. If you have a Bitcoin ATM located near you, you can use it to buy Bitcoin with cash deposit.

  • Directly from a person willing to send you Bitcoin in exchange for cash

How to Buy Bitcoins With Cash

As we’ve already mentioned, buying Bitcoin with cash is typically straightforward and similar on most platforms.

Here’s the general process, but bear in mind that it will differ from platform to platform:

  1. Choose a platform from our list and register an account.

  2. Verify your account by following the steps the platform provides.

  3. Visit the trade page and select the P2P/Quick Buy/Buy option.

  4. Choose BTC from the offered coins.

  5. Among the payment methods offered, choose Cash Payment. Then, opt for the exact cash payment method (Western Union, for instance).

  6. Afterwards, enter the amount you want to buy and add other details that are required.

  7. You’ll get a list of sellers that meet your requirements and choices. Of course, you only need to choose one. Each offer will typically display the exchange rate, which should be the main point that influences your decision.

  8. After you confirm the offer, you’ll be required to deposit the necessary cash amount to the seller’s account. The Bitcoin amount will be placed in escrow in the meantime. Then, it’ll be released to you once you’ve completed the payment.

As you can see, the whole process is quite simple. It might involve a few more steps than usual, but you’ll quickly realise that it’s still much faster than expected.

If something goes wrong with the trade, you can always start a dispute, as most platforms have great mechanisms for solving them.

In many cases, you’ll also get the chance to contact the seller so that you can talk about the trade before you start the process. That way, you’ll get to know the person better and build trust.

How to buy bitcoin in person?

To buy Bitcoin in person, you simply need to find a seller and meet them for an exchange of cash to Bitcoin.

To find the seller, you can browse online communities such as Reddit to find these sellers or use a P2P service to contact a seller and ask if they will be willing to meet you in person to buy Bitcoin for cash.

However, bear in mind that you don’t know these people so it might not be the safest option to buy Bitcoin.

When you meet the person, follow these steps to exchange your cash for Bitcoin:

  1. Give your Bitcoin wallet key (public key) to the person sending you Bitcoin

  2. Ask the person to input how many BTCs they want to send

  3. Wait for the verification to start

  4. Had over your cash

  5. Wait till Bitcoins land in your Bitcoin wallet.

  6. That’s it, you bought bitcoin in person.

How to Make Deposits and Withdrawals With Cash

Buying Bitcoins with cash is a bit different from other payment methods, which is why it shouldn’t come as a surprise that the deposit/withdrawal process also differs.


On crypto exchanges and brokerages, you usually need to deposit fiat currency via a specific payment method and then use it to buy Bitcoin. However, with cash, it’s different. In this case, you’ll typically get the seller’s bank account, and you’ll have to send them the money to receive BTC in return.


Once you receive BTC, the money will typically be held in your wallet on the exchange/brokerage. You can keep it there, but it’s much safer to transfer it to your own crypto wallet. From there, you’ll be able to do whatever you want with it.

What Should I Look for When Buying BTC With Cash?

When you decide to buy Bitcoin this way, there are a few things you need to look out for to make sure that the transactions go smoothly:

  • Establish trust — If you’re buying directly from a person, you need to ensure that you can trust them. You should also complete the transaction in public.

  • Choose P2P platforms — It’s always the safest to buy BTC in a P2P exchange that deals with cash payments. With the platform’s escrow services and other security options, you won’t have to worry about scammers.

  • Compare fees and prices — When choosing a broker, look for the platforms that offer lower exchange rates and fees.

  • AnalyseAnalyse seller feedback scores — If the P2P exchange supports it, always check a specific seller’s feedback score. The ones with the best scores are typically experienced traders and can always be trusted.

  • Check the user experience — When choosing a trading platform, make sure to select the one that offers a great user experience, especially if you are a beginner. That way, you’ll have an easier time buying BTC.

Should I Buy Bitcoin With Cash?

Buying BTC with cash is generally considered very low risk, especially if you’re using a broker. With their escrow service and protection, you won’t be scammed by the seller, which is usually the main fear people have when buying Bitcoin from someone.

However, there are still several pros and cons you should be aware of, as they will help you decide if this method is suitable for you.

Pros & Cons


It’s incredibly easy to buy smaller amounts of Bitcoin.
You don’t have to worry about privacy, especially if you’re purchasing a Bitcoin Teller Machine (BTM).
The whole process is typically fast, almost instantaneous in some cases.
Cash payments cannot be taken back, so the seller can be confident that you’ve paid them and can then release your BTC.


It’s harder to buy larger amounts, especially when using a cash deposit on an exchange or broker platform.
The prices are sometimes higher compared to other payment options.

Is Using Cash the Best Method to Buy Bitcoin?

It depends on what you care about the most when it comes to buying Bitcoin. If privacy is your biggest concern, then buying BTC with cash is undoubtedly a good option.

Even though this is true in many other cases, in general, buying Bitcoin with cash is typically less convenient for beginners than other payment methods. However, by relying on our explanations and the list of the sites we recommend, you won’t have to worry.

Still, bear in mind that there are always other methods you can use if, for any reason, cash is not a good option for you.

What Are the Alternative Payment Methods to Buy Bitcoin With?

Here are a few great alternatives to using cash when buying Bitcoin:

  • Bank transfer — This option is simple and easy, and the entire process should remain pretty much the same, regardless of what you are buying. Check our guide on how to buy Bitcoin with debit card if you want to know more.

  • Credit cards — You use credit cards almost every day, so it shouldn’t be too difficult to use them for purchasing Bitcoin either. Most brokers accept all major credit cards, including Visa, Mastercard, American Express, and Discover. Check our guide on how to buy Bitcoin with credit card if you want to know more.

  • E-wallets — E-wallets are often the most convenient option for buying BTC. You’ll usually get to choose between many popular e-wallets of the world, including PayPal.

There are more ways to buy Bitcoin online. Check out our guides if you’d like to know more:

Final Thoughts on Buying Bitcoin with Cash

Buying BTC with cash can be an excellent option for many Bitcoin enthusiasts and traders. It can also be ideal for those who value their privacy.

Having said that, you need to familiarise yourself with the process, especially if you are a beginner. Still, as you’ve seen from this guide, it’s not as hard as it might seem at first. Once you get the hang of things, every trade will become a breeze, and you’ll get everything done very quickly, as this is one of the fastest methods of buying Bitcoin.

If you’re ready to start buying BTC with cash, just choose a platform we recommend and create an account. Then you can start looking for great offers in no time.


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Amala Pillai

Amala Pillai

Amala is custom content and news editor based in London. She is a former financial journalist based in Singapore with 7 years of experience covering a range of business and financial topics. Now she focuses on crypto and macro-economics. She has also covered feature profiles, tech, business politics and ESG— she was the Environment Editor for the Solutions Newspaper, 2016 and worked in an editorial capacity at both News corp (Dow Jones) and JBN. She also has experience as a content creator and brand editor for various financial institutions and banks.