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26 Th08 2022

Best Ways to Buy Crypto With Cash in 2022

Do you want to buy crypto with cash? If so, it's important that you first have a crypto wallet or Bitcoin wallet before you buy Bitcoin or any other cryptocurrency. The best wallets are hardware wallets that offer ample security features.

There are four different ways to purchase crypto with cash. You can:

  1. Use a peer-to-peer (P2P) exchange
  2. Use a fiat deposit and balance payment service
  3. Visit a crypto ATM
  4. Buy crypto in person

Why Buy Crypto With Cash?

Buying Bitcoin or other cryptocurrencies with cash has several notable benefits. For one, a cash transaction gives you a considerable amount of privacy. Although using a standard crypto exchange is convenient, you don’t have to reveal personal information for identity verification in a cash purchase. Therefore, buying Bitcoin with cash instead of a credit or debit card can be safer because it keeps you from becoming a victim of identity theft.

It’s also much quicker than completing an exchange transaction or bank transfer. A standard bank deposit usually takes around one to three business days to be completed. Centralized exchanges (CEXs) often require identity verification before transactions are made, which also can take a few days to weeks, depending on the exchange. A cash trade could save you a considerable amount of time.

How to Buy Crypto With Cash

Four primary methods allow you to buy Bitcoin and other cryptocurrencies with cash. Keep in mind that each of these methods not only lets you buy, but also sell Bitcoin and other cryptocurrencies.

4 Best Ways to Buy Crypto with Cash

1. Peer-to-Peer (P2P) Exchanges

Using a trusted exchange such as Bybit is a very secure method for buying bitcoins with cash. The platform acts as a type of escrow service that holds your money until the transaction is complete.

You can also purchase other cryptocurrencies on the Bybit platform, such as USDT and Ether. Bybit ensures safer transactions via its KYC verification. Bybit P2P Trading via the mobile app or desktop version is offered as well. 

P2P trading on Bybit.


To buy Bitcoin with the mobile app, follow these steps:

Step 1: Click on the Buy Crypto button on the home page, then select P2P.

Step 2: On the Buy page, you can filter your preferred advertisers after filling out the payment method, amount and fiat currency fields. The information you input depends on what transaction you'd like to complete. If this is your first time buying Bitcoin with P2P, you’ll need to create a nickname.

Step 3: Select your preferred advertiser before clicking on the Buy button.

Step 4: Input the total amount of fiat you'd like to pay or the number of coins you'd like to receive, then select Buy to go forward with the transaction. You'll then be sent back to the main order page, where you’ll have 15 minutes to make sure that the money is transferred to the seller's account. Once you've determined that every order detail is correct, click on Go to Pay.

Step 5: Click on Payment Completed once the transaction is over.

Purchasing Bitcoin through the P2P platform on Bybit is that simple. When you’ve received your coins, you can view all the details of the transaction in your P2P asset history. It also features a Live Chat box where you can get in touch with the seller in real time. In addition, the customer support team is available 24/7 to assist you if any issues arise. For instance, if you don't receive your coins within 10 minutes, click on Submit Appeal, and the customer support team will contact you.

Buy Bitcoin and other cryptocurrencies via Bybit P2P Trading now!

2. Fiat Deposit and Balance Payment Service

Bybit also offers a Fiat Deposit and Balance Payment Service with several currency options from which to select. The various fiat currencies you can use to buy crypto include BRL, ARS, EUR, GBP and RUB. (Note that completing KYC is necessary once you reach a certain limit for some currencies.) You can easily buy Bitcoin and several other cryptocurrencies such as Ripple (XRP) and Cardano (ADA) through this cash deposit and balance payment service.

To purchase your choice of cryptocurrency with fiat, check out the steps below (Note that you will first need to make a fiat deposit):

Step 1: In the top left portion of the navigation bar, click on Buy Crypto before selecting Express.

Step 2: To buy your desired crypto, follow these steps:

  • Choose your preferred fiat currency (for example, EUR).
  • Click on the coin you want sent to your funding account.
  • Input the amount you want to purchase.
  • Choose BRL Balance as your primary payment method.
  • Buying crypto with cash through Express Channel at Bybit.


Step 3: You can now select Buy with BRL. Keep in mind that the reference price refreshes after 30 seconds.

Step 4: Make sure all your details are correct, then click on Confirm.

Step 5: Once your transaction is complete, the coins will be deposited into your funding account after one to two minutes. Click on the View Asset button to see your current balance. The status of your order can also be sent to your email.

Buy your desired crypto through Bybit Express now!

3. Crypto ATMs

If you prefer a more traditional method to buying crypto with cash, you can use a crypto ATM. It works like a typical ATM, whereby you simply walk up to a stand-alone kiosk and insert cash or a credit or debit card. Various crypto ATMs are available, such as Ether ATMs, Litecoin ATMs, Bitcoin Cash ATMs, and — the most prevalent — Bitcoin ATMs.

Crypto ATMs around the world.


Most crypto ATMs charge fees in the range of five to ten percent of the transaction. Even though the fees are high, the ATMs typically allow you to buy crypto without going through a verification process. Although some crypto ATMs don't come with a verification process, others do.

Below are the steps for buying Bitcoin from a Bitcoin ATM. While the process of buying Bitcoin via a Bitcoin ATM may differ slightly from machine to machine, the general steps are as follows:

  1. Make sure you have a Bitcoin wallet before going through with the purchase. For extra security, consider purchasing hardware wallets such as Ledger and Trezor.
  2. Locate a Bitcoin ATM near you.
  3. Place your order at the machine. The instructions for doing so should be listed on the machine. You’ll be asked to provide your Bitcoin address for the cash deposit, so bring it along with you.
  4. Scan the wallet QR code to complete your purchase. Then, deposit cash into the machine to pay for your order.
  5. Once your transaction is confirmed, the coins should be sent to your wallet.

4. Buying in Person

While the third-party services mentioned above are effective ways to purchase Bitcoin and other cryptocurrencies using cash, you might not want to use a third-party service for this type of transaction. If that’s the case, you'll need to conduct the transaction with the seller on your own. Bybit’s P2P platform supports over 300 payment methods, with cash in-person transactions as one of the many.

Buy Bitcoin with cash in person.


Otherwise, if you have friends in the cryptocurrency industry, they may be able to help you buy Bitcoin or other cryptocurrencies with cash. You can also attend a Bitcoin meetup to make friends with fellow Bitcoin and crypto enthusiasts, then proceed to find a trusted person from whom to purchase Bitcoin.

As is the case with any in-person transaction, the most important thing to remember is that your safety and privacy come before anything else. Don't give the seller your real name or address. Also, don’t forget to bring your crypto wallet to verify your completed transaction.

If you want to meet with a local seller, do so in a public location that you're confident is safe. The most popular spots for these types of transactions include malls, banks and coffee shops. While there are several ways you can buy crypto in person, it's highly recommended that you use an escrow service to facilitate a smooth and safe transaction.

If you've never used escrow before, these services will hold the crypto until the transaction is completed, after which the escrow account will send the crypto coins directly to you. Even when using this method, it's still important that you conduct the transaction in a safe and secure location.

If you're thinking of buying crypto from a seller with whom you've never worked, select a location that has security cameras, access control and even metal detectors. As long as you maintain common sense when performing an in-person transaction, you should be able to buy crypto without issue.

Pros and Cons of Buying Crypto With Cash

If you're interested in buying Bitcoin and other cryptocurrencies with cash, there are some pros and cons that you should be aware of before finalizing a transaction.


As mentioned earlier, buying crypto with cash is great because of your ability to avoid a lengthy and invasive verification process. For instance, buying crypto with cash in person means you shouldn't need to provide the seller with your name or address.

At Bybit, if you purchase crypto via its fiat deposit feature, you’ll also enjoy anonymity and privacy, if you’re purchasing fiat currencies that don't come with KYC requirements.

Another benefit of buying crypto with cash is that this type of transaction can be considerably faster than the alternatives. While a cash transaction can be completed in minutes, before you even start buying any crypto on exchanges, the identity verification process can take weeks. Even bank deposits take from one to three days.


Even though cash is an appealing payment method for anyone who wants to buy Bitcoin and other cryptocurrencies, there are a few issues with this option. For one, your transaction amounts are limited. A majority of Bitcoin ATMs, for instance, have limits on how much money you can use during the transaction. However, with Bybit P2P trading, as long as your KYC information is verified, you can execute larger transactions.

It’s also risky to buy in person rather than through a trusted exchange such as Bybit. Using an escrow service will help mitigate this risk.

Final Thoughts

While you can buy Bitcoin and other cryptocurrencies with cash, it's best to do so via P2P trading, which is made possible with trusted exchanges such as Bybit. Another effective solution is to purchase Bitcoin with a fiat deposit through Bybit. Buying crypto with cash is simpler than ever with Bybit, and your transactions are guaranteed to be safe and secure. Most other options aren't nearly as safe. Besides cash, you can also buy crypto with a credit card on the Bybit Express channel, which is both safe and convenient.

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