Bitcoin Values

Buying Bitcoins with Cash, Western Union – How-to Guide

Buying bitcoins with cash and Western Union is simple, though it would be wise to be familiar with bitcoin marketplaces first.

By Jonas Chokun

Last Updated: Jun 19, 2018

Buying Bitcoins with Cash, Western Union - How-to Guide

buying bitcoins with cash
Buying Bitcoins with Cash

Bitcoins are the digital currency of the 21st century. They were introduced in 2009 as open source software. With the ease of internet hacking today, the pseudonymous developer Satoshi Nakamoto programmed the system with cryptography to control transfer and creation of the money. Using “peer-to-peer” technology, the currency is not controlled by banks or authoritative government allowing easier transfer of funds. Your bitcoin money is held in an online wallet, allowing ease of access to your funds.

Bitcoin Mining” is a way to earn bitcoins. When you mine, you solve complicated math algorithms with special software that rewards you with bitcoins when completed. Many miners use multiple “rigs,” or computer setups running the special software to earn more funds. Pools are a community of miners working together that spread any funds earned out evenly. They’re a great place for a beginning miner to start his or her Bitcoin career.

ALSO READ: BTCRobot – Automated Bitcoin Trading Software / Bot Review 

The major problem with this new sprawling currency is without a solid backing as of February 13, 2014, the value of each coin fluctuates insanely. This provides uncertainty within value of the funds, and may scare away more cautious people.

Buying Bitcoins with Cash

Though the currency is digital in nature, there are many ways to purchase the coins. Even the most-used form of money, cold cash, can be used to buy bitcoins. Buying bitcoins with cash? Many shops and businesses carry gift cards, which can be bought with cash. You simply pick out the amount in bitcoins you want, and pay for it at the register.

 

Then, you have to deposit a code from the card onto the website and soon your funds will appear. Buying bitcoins with cash provides a better certainty to the actual value of the product. Many websites have special options allowing you to buy and transfer bitcoins at your local bank and with wire transfers. The variety of ways to easily buy bitcoins with cash makes the foundation seem much stronger.

Local Bitcoins Exchange Marketplace

There is a local bitcoin marketplace that connects buyers and sellers of bitcoins locally. It’s kind of like Craigslist but provide more security. The site will automatically identify your location using your ISP IP address and displays bitcoin buyers and sellers near you. Visit localbitcoins.com to get started!

Buying bitcoins with Western Union

If you want to buy bitcoins with western union, there is a way available. Online transfer is another great way of buying bitcoins with cold-hard cash. Western Union is an ecommerce and Communications Company that allows bitcoins to be bought and sent.

buying bitcoins with western union

They accept bitcoins as a viable form of currency, allowing wire transfers between cash and Bitcoin to occur. Buying bitcoins with Western Union is simple, though it would be wise to be familiar with bitcoin marketplaces first. When selecting a payment option, Western Union should be available on most mainstream marketplaces to buy funds for your Bitcoin wallet. You can now spend your newly cash-bought bitcoins with Western Union.

Buying bitcoins with cash / Western Union is pretty easy nowdays! Visit LocalBitcoins.com to get started. They provide instructions and tips.

Let us know is our ‘buying bitcoins with cash, western union‘ tutorial is helpful using the discussion form below!

Want to get free bitcoins? Click Here

 

Disclaimer Icon

Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Jonas Chokun
Jonas Chokun
Crypto Writer

I fell in love with Bitcoin years ago and have never looked back. Since discovering crypto, I learned as much as I could about this virtual currency and have bought, sold, and traded a few bitcoins myself. Now, I want... Read More

Back to top