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1. Bitcoin Cashier In Oklahoma City
2. Bitcoin Cashier Stockbridge Ga

Select ‘Deposit’ after clicking the silhouette icon at the top of the page to generate both a Bitcoin Wallet address and a QR code. Inside your Digital Wallet, press ‘Send’. Scan the QR code or Copy/Paste the address generated in our cashier to the field provided in your wallet.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

Address, City, or ZIP Near me. Locations are cash only or debit card only. Use the filter to narrow your search. Bit-cashier.com Limited is a distinctive investment services company offering our investors access to high-growth investment opportunities in Bitcoin markets. We implement best practices of trading & mining of Bitcoins through our operations, while offering flexibility in our investment plans. We are a one-stop solution for buy-sell cryptocurrency. Competitive Pricing. Choose a reliable exchange for your cryptocurrency transactions. We allow you to buy and sell cryptocurrencies with the lowest possible commission.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

• Popular Exchanges to Buy Bitcoin & Crypto in New Zealand
• SwyftX

  • Crypto exchange for New Zealand
  • Supports credit card buying
  • Easy to use interface
• eToro

  • Supports Bitcoin, Ethereum & 15 other coins
  • Start trading fast; high limits
  • Clean & easy trading interface

  This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

• Independent Reserve

  • Low fees, NZD deposits, DCA
  • EFT, POLi, Osko & SWIFT
  • Top cryptos, tax reports, local support & OTC desk
• Independent Reserve (AU/NZ)

  • Low fees with instant AUD deposits
  • EFT, POLi, Osko & SWIFT
  • Top cryptos, tax reports, local support & OTC desk

Swyftx Buy Bitcoin

Swyftx, established in 2017 and targeted at New Zealand users, aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.
They support deposits with credit card.

This is an ad. We may receive compensation when you use Swyftx. Please visit Swyftx for its exact pricing terms.

• fast chat and phone support
• 230 trading pairs
• multiple payment methods
• Supports automatic recurring purchases
• Instant verification

• ID verification required when depositing NZD

eToro Buy Bitcoin Read Review

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.

• Offers unique copy trading feature
• Trusted echange that has been active in traditional finance
• Interface is clean and easy to use

• You cannot deposit cryptocurrency, but you can deposit with other payment methods

Read Review

Independent Reserve Buy Bitcoin

Established in 2013, Independent Reserve is one of the most trusted exchanges in Australia & New Zealand. It caters to retail users, traders, SMSFs and institutions. You can buy Bitcoin using EFT, Osko/PayID, POLi and SWIFT. They use encrypted, geo-dispersed data centres and top tier underground vaults to protect your data and crypto.

This is an ad. We may receive compensation when you use Independent Reserve. Please visit Independent Reserve for its exact pricing terms.

• Supports automatic buying at set time interval
• Wide range of payment methods
• Support for AUD, NZD, and USD
• Fees start at 0.5% but may fall as low as 0.05%, depending on trading volume
• Premium account with insurance on crypto assets

• User interface is confusing for first time buyers

Coinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

• Works in almost all countries
• Highest limits for buying bitcoins with a credit card
• Reliable and trusted broker

• Some of the highest fees among credit/debit card bitcoin brokers

Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries.
Deposits can be made via bank wire, SEPA, ACH and SWIFT. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.

• Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
• Very low maker fee, falling to 0% with sufficient trading volume
• Highly-rated for security and data protection

• Requires ID verification, so not private

Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

• Can be private, fast and easy
• In-person trades require no personal information
• Purchases of bitcoin can be made quickly via cash deposit

• Beware of scams; always follow the rules!
• Harder to buy large amounts of bitcoins compared to large exchanges
• Slightly to significantly higher prices than regular exchanges; premium for higher privacy

Read Review

Paybis is a popular & cryptocurrency exchange. They serve 180 countries and 48 US states and are registered with FinCEN, making them a more trusted, regulated exchange. Paybis offers incredibly high limits and super fast payouts, not to mention 5 minute ID verification and nearly perfect review scores on Trustpilot.

• 24/7 live support
• Extremily high limits
• 5 Minute verification
• Get payouts fast
• Large selection of payment methods

• No traditional orderbook for advanced traders

Kiwi Coin is a Bitcoin exchange based in New Zealand. You can fund your exchange account with New Zealand domestic bank transfer. Fees are about 0.6% per purchase.

• Trusted Bitcoin exchange based in New Zealand
• One of the cheapest ways to buy bitcoins in the country

• Limited payment options
• Not a good way to buy privately

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

• Our map makes it super easy to find a Bitcoin ATM near you

• Bitcoin ATMs often have 5-10% fees per purchase

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Chapter 1

Bitcoin & Cryptocurrency Trading in New Zealand

Since the popularization of bitcoin, different countries around the globe have had varying rates of adoption. New Zealand played a part in this by becoming the first-ever country to approve salary payments made in the digital currency.

To find out more about Bitcoin in New Zealand, read on as we discuss the past, present, and future of BTC in NZ.

Adoption of Bitcoin in New Zealand

The adoption of bitcoin in NZ started off slow, and did not see as dramatic leaps as in places such as South America, Turkey, and South Africa. One of the reasons for this could be that New Zealand has a stable and healthy economy. The NZ dollar is strong, deflation is low, and New Zealanders are able to transfer money internationally with relative ease.

In contrast, people in countries such as Venezuela jumped at the chance to use cryptocurrencies as a way to escape the unmanageable rate of devaluation on their own currencies.

Although the initial use of bitcoin was gradual, as a tech hub New Zealanders quickly became interested in bitcoin and its underlying blockchain technology. Things have come a long way since the early days of bitcoin. NZ's bitcoin and cryptocurrency sector is reported to be booming with developments, and at any given time there is likely to be a selection of blockchain events taking place in NZ.

One of the easiest ways to buy Bitcoin in New Zealand is through cryptocurrency exchanges. There are several exchanges offering Bitcoin in New Zealand, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

COMPARISON

Ledger Nano X

• SCREEN:
• RELEASED: 2019
• PRICE: $119

Ledger Nano S

• SCREEN:
• RELEASED: 2016
• PRICE: $59

TREZOR T

• SCREEN:
• RELEASED: 2018
• PRICE: $159

TREZOR One

• SCREEN:
• RELEASED: 2013
• PRICE: $59

Unfortunately for bitcoin users, New Zealand does not boast the thousands of bitcoin ATMs that the US does. Even though it is a center of blockchain innovation.

While the US is home to over 4,000 BTC ATMs, currently, there is no Bitcoin ATMs in New Zealand

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Chapter 2

Bitcoin Cashier In Oklahoma City

Top Bitcoin & Cryptocurrency Exchanges in New Zealand

New Zealand has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

• Popular Exchanges to Buy Bitcoin & Crypto in New Zealand
• eToro

  • Supports Bitcoin, Ethereum & 15 other coins
  • Start trading fast; high limits
  • Clean & easy trading interface

  This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

• Independent Reserve

  • Low fees, NZD deposits, DCA
  • EFT, POLi, Osko & SWIFT
  • Top cryptos, tax reports, local support & OTC desk

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There are three main types of Bitcoin wallet and all of them are supported in New Zealand:

• Software (desktop or mobile - iOS and Android wallets
• Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

Zengo

Best for storing crypto for short period of time

Learn More

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

Electrum

Simple yet powerful desktop wallet

Learn More

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.

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Chapter 4

Exchange Hacks and Crypto Scams in New Zealand

Although it is unknown to many, one of the world's biggest exchanges, Crytopia was based in New Zealand. Set up in 2014 as a hobby, the exchange saw an explosion of use as the value of bitcoin skyrocketed.

Unfortunately, in January of 2019, the exchange was hacked for $3.2 million of crypto and was liquidated shortly thereafter. The Cryptopia hack was one of the biggest of a rash of hacks that followed during 2019.

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Although New Zealand's name has come up a lot in connection to mining (thanks to the popular stat that bitcoin mining uses more power than the whole of NZ)—New Zealand actually doesn't do all that much bitcoin mining

There is no exact data available. However, New Zealand's' electricity price is above the global average. This makes mining in NZ less profitable than in other countries such as Iceland or Kuwait.

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Does Coinbase work in New Zealand?

Coinbase ONLY allows crypto-to-crypto conversions for New Zealand residents as of September of 2020.

Where Can I Find a Bitcoin ATM in New Zealand?

Unfortunately, there are no Bitcoin ATMs in New Zealand as of September 2020.

What is the price of Bitcoin in New Zealand?

The current price of Bitcoin in New Zealand is NZ$16,130.60, however this amount changes every minute, so always check the value on your local exchange.

How do I cash out of Bitcoin in New Zealand?

Any exchange with a New Zealand Dollar (NZD) trading pair will allow you to sell your Bitcoin for fiat currency. Independent Reserve has NZD trading pairs for many popular coins.

Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

We can both agree on this:

Buying bitcoins with cash is confusing!

Luckily, today I'll show you how easy and fast it can be.

We've collected the best exchanges and listed them for you below.

Chapter 1

Introduction

Why buy bitcoins with cash?

• It's private and usually quick
• One of the easiest ways to get bitcoins

Converting your cash to bitcoin can get you bitcoins within a couple of hours.

Make sure you have a Bitcoin wallet before you buy since some of the exchanges below require one.

If you don't have a wallet, read our guide on the best Bitcoin wallets.

Buying bitcoin with cash usually has very high fees. For lower fees, try one of the exchanges below and deposit using bank transfer or credit card:

• Bits of Gold

  • Crypto exchange based in Tel Aviv
  • Buy with card, cash or bank transfer
  • Supports Bitcoin & Ethereum
• Rain

  • Exchange for Saudi Arabi, Oman, Kuwait, Bahrin, UAE
  • Rain is based in Middle East
  • High buying limits
• WazirX

  • Crypto exchange based in India
  • Deposit INR with IMPS & UPI
  • Low fees and many coins
• CoinJar

  • Buy crypto with cash at 1,200+ retail outlets around Aus
  • iOS & Android apps that let you trade
  • Australian crypto exchange established in 2013
• eToro

  • Start trading fast; high limits
  • Easy way for newcomers to get bitcoins
  • Your capital is at risk.
• Luno

  • Best for Nigeria, South Africa, Indonesia, Malaysia
  • East to use interface
  • Trusted exchange
• Bitpanda

  • Crypto exchange based in Europe
  • Buy bitcoin with card, SEPA, SOFORT
  • Trusted exchange
• Coinbase

  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • 'Instant Buy' option available with debit card
• Bitbuy

  • Exchange based in Canada
  • Very high buy and sell limits
  • Supports Interac & wire
• Coinberry

  • Crypto exchange based in Canada
  • Very high buy and sell limits
  • Supports credit & debit card, Interac, wire
• Coinsquare

  • Canada's largest cryptocurrency exchange
  • Very high buy and sell limits
  • Supports bank account, Interac, wire
• eToro

  • Supports Bitcoin, Ethereum & 15 other coins
  • Start trading fast; high limits
  • Your capital is at risk.

  This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

We suggest using the exchanges listed below or doing research before buying from any exchange.

Many exchanges are simply trying to steal your personal information (like your password).

We do research on every exchange we list and are very careful not to include scam exchanges on our site.

Chapter 2

Cash Bitcoin Exchanges

It's possible to buy bitcoins with cash on LocalBitcoins via cash trade in-person or with cash deposit.

A quick step-by-step guide on how to buy bitcoins with cash on LocalBitcoins:

1. Find a seller in your area who accepts cash.
2. Select amount of coins and place an order.
3. Receive account number from the seller.
4. Deposit cash into the seller's account.
5. Upload your receipt to prove you made the deposit/trade.
6. Receive bitcoins! The coins will arrive in your LocalBitcoins wallet.

The above guide was meant to give you an idea on how LocalBitcoins works.

If you want more information, read our full guide on how to use LocalBitcoins.

LocalBitcoins is private and does not require any personal details or verification, although specific sellers may request this info.

Be sure to buy from sellers with previous trade history and positive feedback.

Local Bitcoins charges a flat 1% fee on each purchase.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

• Can be private, fast and easy
• In-person trades require no personal information
• Purchases of bitcoin can be made quickly via cash deposit

• Beware of scams; always follow the rules!
• Harder to buy large amounts of bitcoins compared to large exchanges
• Slightly to significantly higher prices than regular exchanges; premium for higher privacy

Read Review

LibertyX lets you buy bitcoin with cash at a number of retail stores across the United States.

You'll have to verify your identity before buying, making LibertyX less private than some of the other options.

You can buy up to $1000 worth of bitcoin and will be charged a 1% fee on all purchases.

Get this:

If you sign up with Facebook you can buy your first $1000 fee free.

Your bitcoin should arrive a few minutes after your payment is made.

• Easy and fast way to buy bitcoins with cash
• Low 1.5% (plus store fee) rate for cash purchase method
• Daily $1000 limit is fairly high for a convenience service

• Participating stores add their own variable fee
• Some verification is required which lowers the expected privacy level of cash purchase
• Attaching your Facebook account further degrades privacy

Our Bitcoin ATM map helps you find a Bitcoin ATM in your local area.

Using Bitcoin ATMs you can buy bitcoins with cash ONLY.

The average ATM charges a fee of 5-10%, but this is what people are willing to pay to buy bitcoins privately and with no verification.

There are many Bitcoin ATM manufacturates, so each ATM is different. Some require verification, although most don't.

• Our map makes it super easy to find a Bitcoin ATM near you

• Bitcoin ATMs often have 5-10% fees per purchase

Bitit is slightly different than the other options on this page. Instead of buying directly with cash, you instead need to use a voucher like Flexepin or Neosurf. The fees are about 8% for buying with Neosurf or Flexepin.

We may receive compensation when you use Bitit. Please visit Bitit for its exact pricing terms.

• Unique way of purchasing offers extra privacy over other methods
• 8% Neosurf fee is slightly better than Coinhouse's 10%
• Available in 50 countries
• €10,000 initial weekly Neosurf cash payment limit
• Bitcoin gift cards also available; more expensive than other options

• In-person buying methods offer more privacy but can be confusing
• Identity verification required for buying amounts over €25
• €500 initial weekly credit/debit card limit

Read Review

Buy Bitcoin with Cash Exchange Comparison

Exchange	Fees	ID Required	Countries
LocalBitcoins	1%	Sometimes	Global
BitQuick	2%	Yes	USA
Wall of Coins	~1%	No	12 Countries
LibertyX	1.5-8%	Yes	USA

Chapter 3

Frequently Asked Questions

If you're still a bit confused, that's okay. Buying bitcoins is hard and that's why I built this site.

The FAQ section below should answer all of your remaining questions.

What are risks are involved buying bitcoins with cash?

Buying bitcoins with cash can be very low risk.

If making a trade in-person, it's best to meet in a public place to reduce the risk of scamming or theft.

If buying bitcoins with cash via cash deposit, use an escrow service (like LocalBitcoins or BitQuick) to ensure the seller must send you the bitcoins after receiving bitcoins.

What are the benefits and advantages?

It's easy to buy small amounts of bitcoin with cash.

It's also private, since no personal information is required in most cases, especially if trading in person or at an ATM with no verification.

Buying bitcoins with cash is also fast, as there is no verification to slow down the process.

What are the disadvantages?

It can be hard to buy large amounts of bitcoins with cash, especially with cash deposit.

Bitcoin ATMs also have limits and some require verification if more than a certain amount is purchased.

Pro Tip

Do you want to buy larger amounts of bitcoins? Try buying with a bank account and you'll save on fees, too.

Why do Local Bitcoins and Bitcoin ATMs have a higher price than other exchanges?

The average buy price on Local Bitcoins and Bitcoin ATMs is usually 5-10% higher than the average global rate.

Unlike other exchanges, which require ID verification and personal information, Local Bitcoins and Bitcoin ATMs don't require any information like this.

The 5-10% premium on LocalBitcoins and at ATMs is simply the cost people are willing to pay for privacy when buying bitcoins.

Is it risky giving up my ID in order to buy?

It depends how much you trust the exchanges.

Just like any information you give up online, there is always the risk that it can be hacked or stolen from the website you give it to.

One thing that Bitcoin exchanges have going for them is that because they are constantly under attack, they have some of the best security and protections in place to protect against the hacking of your personal info.

There is always risk with anything related to information online.

Even Yahoo was hacked and information on 1 billion accounts was stolen.

Should I leave my bitcoins on the exchange after I buy?

We really recommend storing any bitcoins you want to keep safe in a wallet you own.

Many Bitcoin exchanges have been hacked and lost customer funds. If you don't want to fall victim to these hacks then the easiest way is to store your coins in a wallet you control.

Can you sell bitcoins?

Out of the exchanges we listed, LocalBitcoins, Wall of Coins, and BitQuick all allow you to sell bitcoins for cash.

Bitcoin Cash

You can buy Bitcoin Cash using cash from most or all of the methods and dealers listed on this page.

Chapter 4

Tutorials: How You Can Buy Bitcoins with Cash

How to Use BitQuick

BitQuick is one of the best ways to buy bitcoins with cash in the United States.

Bitcoin Cashier Stockbridge Ga

It charges 2% per buy but the exchange rates are generally better than LocalBitcoins.

We will show you how to make your first purchase in the tutorial below.

You will NEED a Bitcoin wallet before you can buy from BitQuick. Don't have one? Read our guide.

Go to BitQuick

You will see the home page. Then, click 'Quick Buy'

Enter the amount you want to spend. You can enter in dollars or BTC, the fields will update automatically.

You should now see a list of banks with prices:

You can pick any bank, and banks with the lowest prices will show up first.

Once you picked a bank you will be required to fill in some details. This includes your email, phone number, and Bitcoin address. You can also change the amount of Bitcoin you want to receive.

Make sure you put in your phone number and press 'SEND VERIFICATION'. This will send a PIN code to your phone that you need to confirm.

Once you put in your details press 'PLACE HOLD'. This will lock in your order.

Now you will need to find a bank branch of the bank you chose in your area. Then you go into the bank, make a deposit, and save the receipt.

Go back into BitQuick and upload the receipt to the seller. This proves you made the deposit.

Bitcoins should arrive to the address you entered earlier within 3 hours!

Buy Bitcoins with Cash from Bitcoin ATMs

Bitcoin ATMs are another great way to purchase bitcoins with cash!

Think of a Bitcoin ATM as a cash to Bitcoin converter.

While you may have to physically drive or walk to the ATM, once you reach the ATM you can buy bitcoins instantly. You’ll need to be lucky enough to have a Bitcoin ATM in your area.

Our Bitcoin ATM map helps you find locations makes it easy to locate a Bitcoin ATM in your area.

You can do the following to check if there is a Bitcoin ATM near you:

1. Go to the Bitcoin ATM Map

2. Search by Location

In the search box in the top left, type in the name of your country or city and click enter.

3. Find an ATM

Once you search, you’ll be taken to the location you entered on the map. If you see map pin markers, you’re in luck! That means there are Bitcoin ATMs in your area.

4. Choose an ATM

Click on one of the map markers for more details about a specific ATM. From there, you can also click on “Read More” at the bottom for even more details.

While Bitcoin ATMs make it easy to buy bitcoin with cash, there are some downsides:

Bitcoin ATMs generally sell bitcoins at a mark-up of 5-10%.

Before you buy bitcoin from an ATM, check the ATM’s price against a Bitcoin price index like our Bitcoin price page.

Also:

Some ATMs may require verification, like a picture of an ID or a finger print scan (although most don't).

Buy Bitcoins with Cash at Wall of Coins

Wall of Coins is a peer-to-peer cash exchange, currently available in the United States, Canada, Germany, Argentina, Latvia, Poland, and the Philippines.

LibertyX Review

Now that you know a bit about LibertyX we'll show you how to use it. Once you've downloaded the app from the Apple App Store or Google Play Store, open it and you should see a screen like this:

Enter the amount of bitcoins you want to buy and then press 'NEXT'. You should now see a screen with some options. If you want to find a store near you to buy then click 'Find Store'. Now you'll see a zoomed out map.

Put in your location or allow the app to see your current location. You should then see a zoomed in map with pins displayed the many locations you can buy from:

Now tap on a pin and then tap 'SELECT THIS LOCATION':

You will get more information on the location, like the store's hours, fees, phone number, and instructions for buying the coins:

In the next step you will need to login with Facebook or make an account:

Once you login you will also need to link your phone number.

Once you confirm your phone number you can get your LibertyX code that you show the store!

At the store you present the code to the cashier and pay for the amount of coins you want. The cashier will then print out another code that you enter into the LibertyX app. Once you enter the code from the cashier you receive bitcoins!

Trades Near You: Mycelium Local Trader

Mycelium Local Trader is part of the Mycelium Bitcoin Wallet for Android.

If you live in a city, you're in luck:

There may be a number of sellers in your area.

Make sure you meet in a public space. Going with a friend is best, too. There have been reports of scams and robberies, so just make sure you take precautions when buying.

Once you download the app, click Buy/Sell:

Once you enter your location you should see a list of local sellers:

Click on a seller for more info:

Again, make sure you buy from sellers with good feedback! If you meet, meet in a public space and go with another person.

Chapter 5

Peer-to-Peer Exchange Explanation

The exchanges mentioned above (LocalBitcoins, Wall of Coins, and Bitquick) all work in almost the same way.

This section aims to provide more clarity on how a trade might work using one of these exchanges.

Buying Bitcoins at Peer-to-Peer Exchanges

Peer-to-peer (P2P) Bitcoin exchanges are a great way to get bitcoins with cash. A P2P trade usually works something like this:

1. A buyer and seller use a site like LocalBitcoins or Wall of Coins and agree on a price.
2. The seller’s bitcoins are held by the site and only released to the buyer upon confirmation of payment.
3. The buyer deposits cash into the seller’s bank account.
4. The seller confirms payment. Usually, the buyer sends the seller a receipt to prove that cash was deposited into the seller's account.
5. The site (LocalBitcoins or Wall of Coins) releases the bitcoins to the buyer.
6. The seller got cash, and the buyer got bitcoins. The trade is complete!

The above was just an example!

Through sites like LocalBitcoins you are free to agree on other payment methods besides cash deposit.

For example:

You could arrange to meet in person and exchange cash for Bitcoin.

Yes, using LocalBitcoins you can even exchange that Starbucks gift card from Christmas a few years ago for bitcoins ;)

Why Are P2P Exchanges Good?

• No verification is required. You don’t need to submit any personal details and there is no verification process that takes up time.
• Cash payments are irreversible. Once cash is in someone’s bank account, the buyer of bitcoin has no way to reverse the transaction. So the seller can feel confident that he received payment for bitcoins, and release the bitcoins to the buyer.

A Note on Exchange Rates

Peer-to-peer Bitcoin exchanges offer a fast way to buy bitcoins.

However:

Peer-to-peer exchange rates may be a bit higher than the global average Bitcoin exchange rate.

People are willing to pay more to buy bitcoins both more privately and faster. The markup is usually somewhere around 5-10% on LocalBitcoins. Wall of Coins generally has rates close to market.

Check the against a Bitcoin price index like Bitcoin Average or the CoinDesk BPI.

Best Practices for In-Person Cash Trading

If you decide to meet up with another person then make sure to take some precautions.

Meet in a public area. Most trades will go through fine but a search on Google shows people getting robbed or scammed at in-person trades.

Bring a friend. If possible, try to bring along a friend or family member just so you're not alone.

These tips are not meant to scare you and there is nothing wrong with trading bitcoins. But when dealing with any amount of money or trade it's best to be safe.

Chapter 6

Theft, Scams, and Storage

If you get one thing from this article let it be this:

Don't store your bitcoins on exchanges!!!

I've been buying bitcoins for more than three years. I've never lost any money to scams or thefts. Follow the guidelines in this article and you'll be able to do the same.

Here are two examples where users got screwed by leaving bitcoins on exchanges:

And there are many more I could list.

If you're buying with cash from an ATM you won't have to worry about this, since ATMs always send bitcoins directly to a wallet or Bitcoin address.

If you're buying from BitQuick or LocalBitcoins:

Make sure to move the coins you bought to your own wallet right after you buy!

Secure Your Coins: Get a Good Bitcoin Wallet

Make sure you get yourself a Bitcoin wallet that will securely store your bitcoins.

Besides storage, there are many scam exchanges out to steal your personal information and/or bitcoins.

Following these two basic principles should help you avoid theft, scams, and any other loss of funds:

1. Do research before buying on any exchange. Check reviews, ratings, and regulation information.
2. Don't store coins on the exchange. Already mentioned above but worth repeating.

Secure Bitcoin Hardware Wallets: