It is possible to use cash to buy Bitcoin (BTC). In this article, we will discuss three ways you can use to convert cash to Bitcoin.
1: Prepaid card
In the supermarket, kiosk or tobacconist and gas station, it is possible to buy a prepaid card with cash. The value of these prepaid cards can then be used on an online exchange to buy crypto. A commonly used prepaid card with this method is a Paysafe card.
Exchanges: Paybis and Coinmania
Anonymous: No
At Coinsbee it is possible to use crypto to buy gift cards or prepaid cards, such as an Amazon, Itunes, Steam, Playstation card and more.
2: Pay by bank transfer with cash
Perhaps a cumbersome method, but it is possible to pay a bank transfer at the bank with cash. The bank then sends this amount to the account of the exchange. After that it is possible to use the money on the online exchange to buy crypto. If you do not want the bank to ask questions about a large amount of cash, we strongly advise against this method.
Exchanges: Exmo
Anonymous: No
3: Bitcoin ATM
There are several Bitcoin payment terminals in the Netherlands, the so-called Bitcoin ATMs. To use a Bitcoin ATM, you must have a phone with a Bitcoin wallet on it. This Bitcoin Wallet connects wirelessly to the Bitcoin ATM. Once the connection is made, it is possible to put cash in the Bitcoin ATM. The Bitcoin ATM takes the money, counts it and sends Bitcoin to the Bitcoin wallet on your mobile phone. This can be done completely anonymously. The only drawback of the Bitcoin ATMs is that the fees are often pricey.
Locations: Click here for all locations of Bitcoin ATMs in the Netherlands.
Anonymous: Yes
