So how to invest in Bitcoin with your cash?

It’s not a secret that governments around the world are pushing for society to go cashless. Not to mention that holding a large sums of cash ($3000+) is considered taboo, and society tends to label you as a criminal, escort or any other shady professions utilizing cash payments.

Prior to 2019, it was relatively easy to purchase Bitcoin for your USD, CDN, EUR, GBP & more before the recent hype of 2017… As of recently, authorities have been coming down hard on cash-to-crypto payments, and local governments are going hard trying to prevent this form of exchange.

How to Invest in Bitcoin With My Cash Money?

Bitcoin ATMs

This is a very popular means of exchange for Crypto noobies and all others that aren’t too familiar with the Bitcoin purchasing process, but want to get on the action or have to pay for something off of the deepweb, leolist, or any other purchase(s) involving CryptoCurrencies.

For the most part, the attractive part in using an ATM to purchase Bitcoin is that the buyer are ANONYMOUS. The negative part of this process; Bitcoin ATM providers claim that they charge 10%, but in reality they use the highest possible BTC-price available on the market, and this causes buyers to pay between 12-17% commissions.

Peer-to-Peer

Bitcoin was invented so that humans were in control of their own money. Therefore; there are individuals who’ll gladly take your cash in exchange for BTC.

Due to the recent cash-to-crypto ban in first world countries, it has become very hard locating individuals openly accepting cash for Bitcoin. But they are definately around, and you’ll be able to find them at local meetups and international Crypto events.

Typical commissions range from 7%-15% depending on amount and your exchange partner’s views on cash (those who view it as taboo will charge more commissions). The negative is that many individuals typicaly trade with small sums (up-to $3000).

Bitcoin OTC Broker

For those who don’t understand Bitcoin and Altcoins, and need personal guidance; a Bitcoin OTC broker can help you.

This role is to help you purchase CryptoCurrencies over-the-counter (OTC), therefore not affecting the market as a whole, especially when dealing with $10,000,000+ sums.

But we’re talking about cash purchases, therefore when dealing with sums larger than $3,000, having a proper OTC brokerage firm will save you time (no need to break your head figuring out how to use exchanges) and money (exchange platforms tend to have a lot of hidden fees).

Directblockchain can gladly assist you in turning your hard-earned cash into Bitcoins. There are many methods available to help you with this process, and tax-exempt receipts can be included upon request.

Click here to schedule a 15-mins consultation with Directblockchain and turn your cash into a profitable Crypto investment.