How to Buy Bitcoin with Cash (Using A Bitcoin ATM)
Most people buy cryptocurrency using a centralized exchange and a connected bank account or bank card. However, if you don’t have a digital bank account or bank card, you may feel like you’re unable to participate in the world of buying or selling cryptocurrency. For many people and countries, cash still functions as the main point of payment. Pay Depot offers options for anyone to purchase Bitcoin in a convenient and straightforward way.
With our Pay Depot Bitcoin ATMs, we aim to provide a fast, easy and reliable Bitcoin shopping experience. You can find our ATM terminals in various locations on the east coast of the United States to buy your cryptocurrency with cash. Our ATM gives you a similar experience as if you were purchasing through a digital channel.
Why Would I Buy Bitcoin with Cash?
There are many reasons why someone may want or prefer to purchase Bitcoins with cash. Buying Bitcoin with Cash at Pay Depot has many benefits:
- Remaining Anonymous: The idea behind Bitcoin transactions was to provide an anonymous way to purchase the currency that cannot be traced. However, when you purchase through the regular avenues, you must provide customer data to complete your transaction. Bitcoin ATMs allow you to remain anonymous with your order.
- Accessibility: Did you know there are currently over two billion people around the world who do not have bank accounts? Our goal is to provide an easy way to buy Bitcoin without having to own a bank account or bank card. This allows anyone who has the cash to purchase Bitcoin, making cryptocurrency accessible to more people.
- Easy-To-Use: Our easy-to-use Bitcoin ATM layout makes it simple for you to purchase the cryptocurrency you need. It functions like your everyday ATM and processes quickly, showing results in your Bitcoin wallet. The on-screen prompts will guide you through the purchasing process in a simple way.
- Multiple Locations: We have hundreds of ATM locations on the east coast of the United States to make it simple for you to buy Bitcoin with cash. Check for your closest location on our interactive digital map.
How to Buy Bitcoin with Cash?
It’s simple to buy Bitcoins with cash at a Pay Depot ATM machine. If you’re ready to make your first Bitcoin ATM purchase, make sure to follow the steps below:
- First, you need to find the nearest ATM location. Here is a list of all our locations to find the closest ATM near your current location.
- Once you find the closest ATM on the map, click on the blue dot to learn more information about the ATM location, such as the address, link to directions, and information on how to sell or buy cryptocurrency. Plus, you can even click into the purchase requirements section to learn more about what you need to complete your purchase.
- Head to the location of the Bitcoin ATM. The screens are self-explanatory and will guide you through the process of buying the cryptocurrency.
- You’ll insert the amount of cash needed for the transaction, similar to inserting money in a regular ATM, and provide the address or wallet you want the Bitcoin sent to.
- Confirm the final amount, and check over the details before you finish your transaction.
The communication between networks can take some time, so don’t worry if you don’t immediately see the funds in your wallet. Your finalized transaction can take anywhere between 10 minutes to 24 hours. You’ll be able to check your wallet at any time to see the status of your funds.
Is It Safe to Use Cash to Buy Bitcoin?
Yes, our Bitcoin ATMs are safe and secure. We work hard to guarantee that your transaction is protected. When you purchase Bitcoin with cash, a new wallet address will be created, so only you will know how much is in your Bitcoin account. Plus, with the double-step verification, the Pay Depot Bitcoin kiosk ensures that you are the only person able to access your funds.
Where Can You Find a Pay Depot Bitcoin ATM?
If you’re wondering how to convert cash to Bitcoin or where you can buy Bitcoins with cash, the search is over! All you need to do is visit our locations page and type in your address or zip code to find the closest location. Once you find an ATM, it will show you details such as directions to the ATM, pictures of the location, and functions of the machine.
Can You Sell Bitcoin for Cash?
Yes, you can sell your Bitcoin for cash. Just in the same way you convert money to Bitcoin depending on the current exchange rate for your money amount, you can choose to sell your Bitcoin for cash. It’s essential to pick the right time to sell your money. You can lose money if the market is down and make money off your investment if the market is doing well.
If you’re ready to exchange your Bitcoin for cash, you can use our Bitcoin ATM to help with the exchange. Selling your Bitcoin using one of our Bitcoin ATMs is reliable, secure, and private. The process is easy and only takes a few moments of your time. However, many are unfamiliar with how to sell Bitcoins for cash. If you need to withdraw, follow these easy steps below:
- First, you need to find the ATM location you want to withdraw from by searching for the closest location. Make sure to have your wallet ID or identification so that you can locate your Bitcoin.
- Next, you’ll want to select the option to Withdraw Cash. Follow the screen prompts to initiate the transaction.
- Before closing out the transaction, ensure that everything looks correct. Once finished, the transaction will go through and allow you to collect your cash.
Buy Your Bitcoin with Cash at Pay Depot’s ATM Machines
Not everyone has a bank account or bank card to purchase cryptocurrency, which can make this fantastic investment opportunity seem limited to those with the ability to possess those financial services. However, by using our Bitcoin ATM, you can buy Bitcoin with cash in an easy, reliable, and quick way.
At Pay Depot, we offer a quick, easy service that’s guaranteed to exchange your cash for Bitcoin in a convenient way. Plus, our customer service is available at any time to help you with any issues you may have along the way. While there are many ATMs to choose from, Pay Depot guarantees a premium experience to help you invest in the cryptocurrency you need. Check out our Bitcoin ATMs today to start investing today!
Disclaimer: The information provided contains opinions of the author or editorial staff regarding investment, tax, or financial information. Such articles are provided for general informational purposes only and do not purport to provide specific legal or other professional advice. This information provided is in no way a solicitation to sell or purchase cryptocurrencies in any way. The recipient agrees that the authors, owners, and publishing agents of this article have no liability whatsoever for the material presented here, as we do not offer any brokerage or advisory information.
PAYDEPOT doesn’t give any advice or recommendations. For financial advice, contact a professional consultant.