If you already have a LocalCoinSwap account, then all you need to do is log in to get started. Next, if you go to the LocalCoinSwap homepage , you can use the search filters at the top of the page to find sellers who accept cash in person within your preferred location. For example, if you were looking to buy bitcoin with cash in Australia , then you would choose the following:.
Once you use the search filters, you will typically see many sellers willing to accept bitcoin for cash appear on the page. Next, choose a cash seller by looking at their reputation ratings and other relevant statistics related to the number of trades that they have completed on the platform.
Once you are happy with your preferred seller and advertisement, simply select the cash advertisement and tap the "BUY" button to view the buy advertisement in detail. You will see more details on the cash advertisement that you selected, such as price, trade limits, seller statistics such as the number of completed trades they have, and the terms and conditions for the trade.
If you are happy with the trade conditions, enter the amount you want to buy in either fiat or cryptocurrency and tap the "Buy Bitcoin" button. The seller will now receive a notification that you want to buy their Bitcoin with cash and will have the option to accept your trade. Once you receive notification that the seller has accepted your buy trade, you can then message the seller to discuss how and where you will meet to pay them with cash to buy your bitcoin.
Keep all messages in the trade chat to ensure accountability, any users wanting to talk or trade-off platform can be a high-risk practice and rarely ends well. Always specify your expectations in advance, such as when and where to meet and what each person will need to have on hand to make the deal.
While cash payments are overall a safe way to buy bitcoin, it is always important to remain vigilant when dealing with any type of monetary value. If safety is a concern for you when meeting with a person face to face to buy bitcoin with cash, it is important to meet the seller in a public place and in broad daylight.
Do not exchange non-essential personal details with the seller, and always remain aware of your surroundings. Finally, request that the seller counts the cash amount and then release the Bitcoin to you while you are with them. If you are still unsure of your safety, consider taking a friend along for additional precautions. Feedback helps ensure the best traders are the most popular, helping not just you but other traders as well.
Local bitcoin traders around the world are trading crypto for cash every day on LocalCoinSwap. Just like traders you find offering to sell you bitcoin for cash, you can create an offer yourself, or you could look for traders offering to buy using cash. A wide range of people trade bitcoin using cash. It can be hard to get documentation in some places, so even having access to a bank account can be difficult.
Trading bitcoin using cash is one of the oldest and still most popular ways to trade cryptocurrency. We hope that you enjoyed this tutorial on how to buy bitcoin using cash on LocalCoinSwap. Start trading bitcoin locally for cash and using the payment methods that suit you by trading P2P on LocalCoinSwap, the best bitcoin exchange for P2P traders worldwide.
Read More. Choose the one that best suits your choice. If you are looking for an improved and simplified method for fund transfer for Bitcoin purchase then it is definitely POLi. The buying process is made effortless with cardless cash — a way that is as easy and as simple as opening an Australian Banking Application, followed by creating some codes and forwarding them to Tyeman. Worried about the Bitcoin safety?
Of course, they are safe and protected via escrow, thus making this method super secure. Finding difficulty in planning the deposit through any of the other methods of a Tyeman Bitcoin purchase? Take cash along and make things easy for yourself. Customers located in QLD, Australia can see Tyeman in person with ease and exchange their cash for Bitcoin with the added freedom of having your Bitcoins sent to any wallet of your choosing.