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Is it possible to buy crypto with cash without going through an exchange?

avatarSabijayDec 16, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrencies using cash, but I don't want to go through an exchange. Is it possible to buy crypto with cash without going through an exchange? If so, how can I do it?

Is it possible to buy crypto with cash without going through an exchange?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to buy crypto with cash without going through an exchange. One option is to use peer-to-peer platforms where you can find individuals willing to sell their crypto for cash. LocalBitcoins and Paxful are popular platforms for this. You can also attend crypto meetups or conferences where people might be interested in selling their crypto for cash. Just make sure to take necessary precautions and verify the legitimacy of the seller before making any transactions.
  • avatarDec 16, 2021 · 3 years ago
    Absolutely! You can buy crypto with cash without going through an exchange. One way is to find a Bitcoin ATM near you. These ATMs allow you to deposit cash and receive crypto directly into your wallet. Another option is to use decentralized exchanges (DEXs) like Bisq or Uniswap, where you can trade directly with other individuals without the need for a centralized exchange. Keep in mind that these methods may have higher fees or limited liquidity compared to traditional exchanges.
  • avatarDec 16, 2021 · 3 years ago
    Yes, it is possible to buy crypto with cash without going through an exchange. BYDFi, a decentralized finance platform, offers a unique solution for this. With BYDFi, you can directly buy crypto with cash by connecting with other users who are willing to sell their crypto. The platform ensures secure and transparent transactions, making it a reliable option for cash purchases. Just sign up on the BYDFi platform, browse the available offers, and initiate a trade with a trusted seller. Remember to conduct due diligence and follow the platform's guidelines for a smooth transaction.