How can I buy Bitcoins with cash?
Make sure you are using a wallet that provides secure storage of your bitcoins. You will need to be able to access this securely to spend or sell your coins. Once you have done this, find an exchange that supports cash purchases and verify your identity with them. Finally sign up on LocalBitcoins, transfer the desired amount of cash into the account, and buy bitcoins!
If you want to make a purchase anonymously then there is a bit more work involved but it can be done. The most secure way is to meet in person and exchange cash for bitcoins. However, if you are not able to do this or simply don't want to then there are a few other options.
One option is to use LocalBitcoins platform. This can be done by buying a prepaid credit card or gift card with cash at a store like Big 5 Sporting Goods and using that credit card/gift card on LocalBitcoin's to purchase your desired amount of bitcoin anonymously.
To be safer, it is better to exchange cash for bitcoins and then use a digital wallet. A number of companies like Xapo and Blockchain.info can be used to receive, store and send bitcoins easily. Doing this allows you to have the security of a wallet but also the convenience of being able to spend instantly at most stores that take credit or debit cards.
Another way is to sign up with a LocalBitcoins exchange such as btc-e or Bitit who both support making in-person purchases. You can find a seller who will meet you in your city and then trade cash for bitcoins. To remain safe it is recommended to meet in a public place during the day and to bring a friend with you.
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It is important to point out that many factors can affect the prices of bitcoins, so do your research before using one of these methods to purchase them.
If there's one thing I hate, it's how Bitcoin is often portrayed as some sort of 'get rich quick' scheme. In reality, it's much more than that. It's a technology that has the potential to completely replace the current financial system we have in place.
And it's already making waves across the globe for solving many of the problems people have with traditional currencies.
The truth is that most of us have heard at least something about Bitcoins and cryptocurrencies in general. Maybe even saw some ads on TV or YouTube.
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