5 Ways to buy bitcoin with cash in the philippines _ finder bitcoin value 2012



LocalBitcoins P2P exchange

Trade fiat currency for bitcoin in person or online with this peer-to-peer exchange offering competitive fees and wide delivery options.

• fees: 1% commission for each completed operation

• supported countries: exchangers in 248 countries

• payment methods: paypal, credit/debit and more

Go to site

CoinSpot cryptocurrency exchange

Buy, sell and exchange bitcoin and more than 50 altcoins on this easy-to-use australian exchange.

• fees: 1-3%

• deposit currencies: AUD, BTC, LTC, DOGE

• payment methods: BPAY, poli, cash, cryptocurrency

Go to site more info

Paxful bitcoin marketplace

Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.

• fees: varies by transaction, and paypal no fees

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• supported countries: worldwide

• payment methods: western union, paypal and many more

Go to site

Cryptex24 exchange

Buy and sell crypto and other digital currencies on this global fixed-rate exchange.

• fees: varies by transaction

• supported countries: worldwide

• payment methods: western union, moneygram, perfect money more

Go to site

This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.Bitcoin value 2012 how to buy cryptocurrency with cash

How it works

Platforms to use

What to consider


Meet a seller near you in person, and buy bitcoin with cash in hand, or any other payment option you agree on.

• localbitcoins

• paxful

Both the buyer and seller can be nervous about this kind of transaction.Make sure you only meet in a public place, and try to only deal with sellers that have a good reputation on the site.

Cryptocurrency exchange and prepaid cards you buy with cash

Register online and cash-in at convenience stores, pawnshops, and bank or buy a prepaid card with cash at a grocery or convenience store. This can then be widely used to buy bitcoin.

• coins.Ph

• prepaidbitcoin

It’s a convenient way to buy anonymously and with cash in hand, but your options may be limited. It’s typically not very cost-effective, and you might be limited to relatively small individual transactions.Bitcoin value 2012

Cash transfer at banks

Go to a bank and pay with cash over the counter for the bank to pass on to the coin provider’s account.

This is a good way of turning cash into bitcoin with minimal fees. However, different coin providers might have their own requirements.

Bitcoin ATM

Deposit cash into a machine which will then deposit bitcoin into your wallet.

See if there’s a bitcoin ATM near you.

If there’s a bitcoin ATM near you then this might be a quick and convenient way of getting bitcoin deposited to your wallet.However, it might involve significant fees.

Pay cash at a money transfer service

Go into a western union or moneygram branch (or equivalent), and pay the cash for transfer to the specified recipient.

A wide range of providers accept this payment method, and it might be one of the only ways of making cash deposits on exchanges, rather than simply as a way of paying cryptocurrency sellers.Bitcoin value 2012 as long as there’s a branch near you this is a very easy way to pay cash for the service of your choice. The downsides are that you lose some anonymity and you might get caught by fees.

What are the pros and cons of buying cryptocurrency with cash?

Like most things, paying with cash has both benefits and downsides. Depending on your preferred method above, you might experience the following.


• typically not the most cost-effective option

• you will generally be limited in the amount you can buy

• your platform options will be more limited

What are the fees relative to other payment methods?

Your fees will vary depending on your exact cash payment method. You’ll also find different standard commissions and fees depending on your method. For example, you can generally expect premium prices and relatively high commission fees for the convenience of paying with a flexepin voucher.Bitcoin value 2012

• peer-to-peer cash in hand. Zero fees other than what’s included in the transaction cost.

• prepaid cards. The cost of the card itself, which is usually around US$5.

• cash transfer at banks. This might have no or low fees, while the cheap transfers might also help you find more competitive rates from bitcoin sellers.

• bitcoin ATM. The fees and costs will vary between atms, but you can probably expect them to be relatively high compared to the most affordable options.

• money transfer service. The fees will depend on which service you use, and whether there are also currency exchange fees involved.

Storing cryptocoins

Before buying you’ll need to set up a place to put your cryptocurrency, which means getting a cryptocurrency wallet.

You don’t need to have it on your computer either. By paying for bitcoin with cash and using a hardware wallet you can buy bitcoin almost entirely offline.Bitcoin value 2012