How to Buy Bitcoin Cash

There are several ways to kā iegūt bitcoin  cash, including by using an exchange, peer-to-peer networks or crypto ATMs. However, it is important to understand that these methods are not guaranteed and they come with risks.

For example, a cryptocurrency exchange may require you to submit a bunch of documents to verify your identity before you can deposit money. In addition, you could be charged a fee if you choose to buy with cash.

1. In-Person Purchases

Buying crypto with cash is a great way to avoid a lengthy and invasive verification process that centralized exchanges require. Additionally, it allows you to maintain your privacy as you do not need to provide personal information or KYC verification.

However, you should never purchase cryptocurrencies with cash from people you do not know. This is not only unsafe, but it could also lead to you losing your money.

A safer option is to buy from a reputable P2P Bitcoin cash exchange like Bybit. This platform acts as an escrow service, which holds your money until the transaction is completed.

2. Cryptocurrency exchange Paxful

Paxful is an online exchange that lets users buy and sell bitcoin cash. The site also offers a variety of payment methods including credit cards, PayPal, Amazon gift cards and wire transfers.

Sellers set their own rates for buying and selling coins on this platform, which vary based on a number of factors. These include your verification status, what currency combinations you’re interested in and the order size.

When a sale is successful, Paxful charges a 1% fee to the seller and deposits the funds into its escrow account. The money is only released to the buyer once both parties have verified that they’ve completed the trade successfully.

3. ATMs

Bitcoin ATMs are another convenient option to buy and sell crypto. They can be a great way to convert your crypto holdings into cash, and they’re an easy place for first-time users to start.

They also offer a more familiar banking experience, which is a big part of their appeal to new crypto investors. “When we see something like an ATM that can take a form that is familiar to a lot of people, it’s a huge reason why they’re going to want to try it,” said Shuo Chen, a blockchain expert with Singularity Group.

Using a bitcoin ATM is a secure and easy way to make a purchase, but it’s important to be aware of the risks. According to Marc Grens, president of DigitalMint, a company that runs bitcoin ATMs, criminals have found it extremely easy to use these machines for fraudulent purposes.

4. Banks

A number of banks have gotten on the crypto bandwagon, including Revolut and Quontic. They offer a range of banking services, including an e-wallet that makes Bitcoin buying and selling a breeze. They also have a mobile app that allows you to buy the coin of the day with your smartphone.

They also have an impressive suite of crypto-friendly features, like digital remittance services for international transfers and the ability to deposit cryptocurrency in your bank account. If you’re looking for a new bank to sign up with, these are the ones to consider. Besides the crypto-friendly perks, they’re also big on innovation and are known for their stellar customer service. Among other enticing offerings, they have the best debit card with an in-store rewards program and an innovative mobile wallet that’s on par with their competitors.

5. Retailers

Thousands of retailers in the United States accept Bitcoin Cash payments, including 7-Eleven, CVS, Rite Aid and Liberty X. You can find participating locations on the website or by using their app, which is available for iOS and Android.

The main advantage of purchasing at these merchants is that they don’t charge a fee and you can buy as much as $1,000 per day. However, this can be a hassle if you have to wait in long queues and you will need to keep physical receipts for verification purposes.

Buying from an exchange is another option to get hold of Bitcoin Cash , but it is also one of the most risky. You should always do your research and be sure to choose a reputable cryptocurrency exchange with strong security measures in place.