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CITIZEN_ERASED 1y ago

Any advice out there how to reasonably buy bitcoin or a stablecoin or any crypto with physical cash?

ATMs are asking 7-20% fee, the exchange rate is undisclosed and there is often KYC. Direct Deposit into an ATM is not an option in the US (unlike Australia).

Bisq or Hodlhodl rarely has the trading pairs with cash. AgoraDesk and LocalMonero has folded.

The exchanges want KYC. The online bank apps like Revolut and Wise want KYC.

The best I can think of is: Cash<>US Bank Account<>Coinbase USDC<>Coinbase USDT<>TradeOgre USDT<>BTC or XMR<>Cold Wallet.

Any advice please?

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CITIZEN_ERASED 1y ago

nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5nostr:npub1sqn6rpml88nq8khuvvneuqztfmvalpsarr8grkwy837hzdw63ajs6t5netnostr:npub1s33sw6y2p8kpz2t8avz5feu2n6yvfr6swykrnm2frletd7spnt5qew252pnostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a

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goatmeal 1y ago

did you try old bisq or bisq2

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CITIZEN_ERASED 1y ago

Old Bisq, tbh I didn't realize there was a bisq2! I'll check it out thanks

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Saberhagen The Nameless 1y ago

I'm assuming you mean cash-by-mail? If you don't see a trading pair on Bisq, just make your own offer and leave it up for a day or so.

Someone will take it pretty quick if its a reasonable rate. Closer to 0% the faster it will be snatched up.

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CITIZEN_ERASED 1y ago

Direct bank cash deposit, OTC, Face to Face or Cash by Mail, but tbh I don't want to send cash in the mail (it'll have to be registered, tracked, insured) or arrange a meetup with a stranger holding cash...

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Saberhagen The Nameless 1y ago

Ok, then that gives you even more options. Most popular would probably be Cash-by-mail. Try posting your preferred way on Bisq and leave it running. Make sure your computer settings don't put your computer to sleep. Someone will take your offer without a doubt. Just have to wait.

Face to face limits your potential pool of traders quite a bit since they have to be near the same physical location, but might work in bigger cities