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How to Buy Ethereum with Cash?

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If you’re wondering how to buy Ether (ETH) with cash, it’s essential to evaluate the pros and cons first. The two main advantages are the ease of the process and its confidential nature. Using physical cash to buy Ethereum can save you time and money as you don’t have to worry about the regulations tied to online purchases.

The Easiest Way to Buy Ethereum

If you prefer a formal approach, the simplest way to buy Ether with digital money is to use a reputable fiat-to-crypto exchange that supports cryptocurrency purchases with your chosen currency.

Here is a list of reputable exchanges:

For those who don’t want to go through the registration process, instant exchanges like Changelly or ShapeShift are also options.

Decentralized Exchanges (DEX)

You can also try a decentralized exchange. Although they might be slower and slightly more complicated than centralized services, they often offer better privacy and anonymity.

Examples of DEX:

  • Waves DEX
  • Bisq

However, if you want to buy ETH using cash, none of the exchanges mentioned above will suffice.

Buying ETH Using Cash

If you insist on using cash and don’t mind the formalities, you can use DIGYCODE services to buy Ether in cash at over 10,000 retail locations.

Another excellent way to buy ETH in cash is through peer-to-peer (P2P) exchanges. These decentralized platforms function like virtual marketplaces for Ether holders, similar to a more informal eBay.

LocalEthereum is one of the most well-known P2P platforms and is established enough to be considered relatively safe. However, it’s your responsibility to manage the transaction with the seller and decide whether you trust them. The best way to gather reliable information about a seller is to check their profile, history, and user reviews on the platform.

Buying ETH via an ATM

Lastly, you can buy Ethereum through an ATM. Websites like CoinATMradar.com can help you locate one near you.

Here’s how to buy ETH via an ATM:

  1. Get an Ethereum Wallet: Any simple Ethereum wallet will do, such as Metamask, Blockchain.info, Jaxx, BRD, or MyEtherWallet. For added security, use a hardware wallet like Trezor or Ledger.
  2. Find the Nearest ATM: Use CoinATMradar or a similar service.
  3. Place an Order: Follow the on-screen instructions at the ATM. Select Ethereum as your cryptocurrency of choice. Some ATMs might require identity or phone number verification for larger transactions.
  4. Scan QR Code and Make Purchase: Access your ETH wallet and find your public key. Scan it using the ATM’s camera, insert cash into the machine, and follow the instructions to complete the purchase.
  5. Receive ETH in Your Wallet: Once the transaction is confirmed, you’ll receive ETH in your wallet.

Now you know how to buy ETH using both physical and digital cash.

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