Buying bitcoin with cash — or more specifically, buying bitcoin with cash at a bitcoin ATM or bitcoin kiosk has never been easier.
There are a handful of good reasons why you would want to buy bitcoin with cash. So in this post we’ll dig deeper into how and why people are converting USD to bitcoin.
But first, let’s discuss the easiest, and most convenient way to buy bitcoin with cash — using a Coinme-powered bitcoin ATM or kiosk.
There are more than 5,000 Coinme bitcoin kiosks across the country. We keep adding new locations all the time making bitcoin more accessible in more places.
Gone are the days of trying to track down random bitcoin ATMs in obscure locations. Today, you can find an easy-to-use Coime bitcoin ATM or kiosk at stores you probably visit regularly anyway. Our partnership with Coinstar, for instance, means that it’s likely you are able to buy bitcoin at most popular grocery stores.
And you don’t even need to head over to Google to find a bitcoin ATM near you. We’ve got you covered with our bitcoin ATM locator tool.
For newcomers, buying bitcoin is a little bit like taking public transportation in a foreign city. The first few times might take a little longer and might require figuring things out, but after that first little learning curve, it will feel like you’ve been doing it your entire life.
After you locate a bitcoin ATM using the locator tool above, the next step is to gather up your cash and get ready for your first transaction. You should note that when buying bitcoin with cash at an ATM, you will need to use paper cash. At the moment, coins are not accepted. And current daily limits are $2,500.
Once you deposit your cash into a Coinme-powered ATM you will be issued a voucher, which is essentially the receipt of cash deposit. This voucher is really important and should be treated like cash. You will need to redeem it for bitcoin in your Coinme wallet. Check out our bitcoin security post for more details and best practices.
With your voucher in hand, set up a Coinme wallet on your computer or mobile device. After walking through a few steps to get setup, you will be able to redeem your voucher and start sending, receiving, or holding bitcoin.
Once you have your Coinme bitcoin wallet setup, it will be easy and more streamlined to repeat the cash-in process.
Buying bitcoin with cash these days is as simple as stopping by a Coinme-powered kiosk during your weekly grocery run.
And by now, you might be asking yourself, “why buy bitcoin with cash?”.
It’s a great question with a lot of different kinds of answers. Here are five very basic reasons to buy bitcoin with cash:
Having access to a new way of handling your money has its own value. In some ways, bitcoin is like the multi-tool of the financial world. And now, with the growing network of Coinme-powered bitcoin kiosks and ATMs, it’s never been easier to get access.
Coinme is turning seven in May. Looking back over those seven years, we wanted to reminisce some of our key milestones.