buy bitcoins with cash

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Bitcoins can now be purchased using all methods: You can buy them using a bank transfer or debit card from Cex.io, Coinmama and many others. You can buy them using PayPal, Payoneer and other online payment systems. Well, there are many reasons to buy bitcoins with cash. One reason is that buying in cash from P2P marketplaces gives you more anonymity. When you buy bitcoins from an exchange or a popular Bitcoin site, you hand over your personal details to complete the business’s KYC (know your customer). This takes away the anonymous nature of Bitcoin transactions (which is one of the core reasons for Bitcoin’s existence). But when you buy from an independent seller, your transaction is 99% more anonymous than buying from other sites. In this tutorial, you will learn about P2P sites which are like eBay for Bitcoin. These sites connect independent buyers & sellers, and they use the P2P platform to do the transaction. The downside is that you need to ensure the safety & security of the transaction on your own. Here are a few important tips to keep yourself secure when dealing with bitcoins for cash: Make sure you buy btc from a seller with high reputation (more on this later). Meet the seller at a public place in broad daylight. Do not exchange unrequired personal details when you meet with the seller. Wait for the transaction to confirm at least twice. I usually wait for 3-4 confirmations. Sometimes it takes about 5-15 minutes for the transaction to confirm multiple times. So now that you have learned some of the basic skills to keeping yourself secure when turning cash into Bitcoin let’s move ahead & learn how to purchase bitcoins using cash. 62880
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