Use Cash Deposits To Purchase Bitcoin
Use the Wallofcoins plugin below to find a Bitcoin seller near you. To get bitcoins for cash, choose how much you want to spend then enter the zip code where you want to make a deposit. You can buy bitcoin without a bank account, all you need is a cell phone number to reserve your bitcoin buy order, then cash to deliver the payment. If you need a bitcoin address we suggest Electrum wallet for desktop computers and Bread Wallet for mobile devices.
Once pick a bitcoin offer you will be provided with a name and bank account number to make the deposit in. You can make a cash deposit at the bank without verifying your identity. After making the deposit, upload a picture of your receipt to Wallofcoins so they can release your bitcoin to you. There is a $5 minimum order when buying bitcoins with cash.
Why Should You Buy Bitcoin With Cash?
Banks are slow and the price of bitcoin moves fast. It can take days to buy bitcoin with a bank transfer and by then the price of bitcoin could go up by $100 or more. Buying bitcoin with a credit card or debit card comes with a hefty fee, and you have to verify your identity and give all of your personal information to some website that may not be secure. For some people, the risk of identity fraud alone is what stops them from buying bitcoin. If you pay with cash, you don’t have to worry about any of that.
Why Does Bitcoin Cost More For Cash?
It’s simple supply and demand. There are tons of people who want to buy bitcoin with cash because it is fast, easy and private. Many people are willing to pay 5-10% over bitcoin market price to get the bitcoin instantly without having to trust a 3rd party with their personal information. Buying bitcoin with cash ALWAYS costs more than with a bank account, so don’t bother waiting for price to come down. You will always have to pay a small premium when buying bitcoin with cash because there are way more buyers than sellers, so sellers get to set the price. Don’t worry, paying a small premium for bitcoin now will be negligible in the long run as bitcoin price continues to climb.
Other Ways To Buy Bitcoin With Cash?
Localbitcoins.com is the most popular way in the world to buy and sell bitcoins, but it isn’t as easy as using Wallofcoins. If you don’t want to walk into a bank you can go on localbitcoins and find people who will meetup in person to sell you bitcoins for cash. This method is less popular because there is always a chance of being mugged, especially if you need to buy a large amount of bitcoin. A user in the United Kingdom was recently scammed out of over $7000 worth of bitcoin after a localbitcoins cash deal went wrong. This would not have happened using Wallofcoins to safely deposit cash into a bank account.
Where Can I Deposit Cash For Bitcoin?
Wallofcoins is integrated with every major bank and credit union in the United States, and rapidly expanding to other countries around the world. Here is a list of the current banks you can use to buy bitcoins with cash in just 15 minutes:
- Bank Of America
- BBVA Compass
- Citi Bank
- Co-op Banking – Over 5000 Credit Unions, Find One Here
- Fifth Third
- First National Bank of PA
- M&T Bank
- USPS Cash by Mail
- Wells Fargo
- Western Union
- Woodforest National
This extensive list of banks makes it easy for anyone in the United States to buy bitcoins with cash in as little as 15 minutes. Place an order through the wallofcoins widget today!