Can you buy Bitcoin with cash? The answer is a resounding yes, and in the simplest way! With Bitnovo, a European company with thousands of physical locations in Spain, buying Bitcoin without the need for bank cards or accounts has become an accessible reality for everyone. Forget about complications and discover how cash is all you need to dive into the world of cryptocurrencies.
This is possible through the purchase of Bitnovo coupons, which you can then redeem for cryptocurrencies. This method is ideal for those who prefer not to use bank cards or checking accounts for their cryptocurrency transactions.
What do you need to buy Bitcoin with cash?
If you’re looking for how to buy Bitcoin with cash, this is your guide. Below, we break down all the steps, considerations, and alternatives for buying Bitcoin with cash safely. You’ll be surprised how little you need to get started:
- Smartphone. Essential for accessing the Bitnovo platform and managing your purchase.
- ID document (depending on the amount). To comply with anti-money laundering (AML) and “Know Your Customer” (KYC) regulations for certain transaction amounts. This means that, for transactions above certain amounts, you will be asked for your ID to verify it.
- Bitcoin wallet. This is your digital wallet where you will receive and store your Bitcoin.
- Cash or coupon. The primary means to make your purchase, either directly or through Bitnovo coupons.
In fact, one of Bitnovo’s main and most popular services is crypto coupons. These are gift cards or vouchers that can be purchased with cash or a card and redeemed for cryptocurrencies securely.
Where can you buy Bitcoin with cash using Bitnovo?
The coupons can be purchased at over 40,000 stores and establishments. There are coupons of different denominations, such as €25, €50, or €100, and they can be redeemed for over 20 cryptocurrencies.
When you buy a Bitnovo coupon, its code will be activated at the checkout and can be redeemed instantly at any time. The only requirement is to have a Bitnovo account and a wallet.
Then, you’ll need to log in to the Bitnovo App, available on Google Play/App Store, or the website, go to the coupon redemption section, connect your account, and enter the necessary information.
With the Bitnovo coupon and the Bitnovo App, you can redeem it very easily:
- Connect your Bitnovo account, choose the cryptocurrency you want to redeem, and enter the coupon code.
- Decide whether to send those cryptocurrencies to your own Bitnovo wallet.
Finally, a breakdown of Bitnovo’s fees will be displayed, and once accepted, everything will be ready. The screen will show that the order has been received and that in a few minutes, you can receive your cryptocurrencies at the provided address.
Steps to buy Bitcoin with cash using Bitnovo
Who said buying cryptocurrencies was complicated? If it’s still not entirely clear, here’s a simple explanation of the complete process to buy cryptocurrencies with cash safely in three easy steps.
Step 1 – Buy a coupon at a physical store
Go to the nearest store or ATM to your location. Check the map on our website or App. Ask for a Bitnovo coupon for the amount in euros you want. Pay with cash or card and receive the coupon with the redemption code.
Step 2 – Redeem the coupon on the website or App
To redeem the coupon, enter the address of your Bitcoin wallet where you want to receive your cryptocurrencies. Remember that Bitnovo does not store your cryptocurrencies. Log in to the App or our website, redeem the coupon for the cryptocurrency you want, and send the funds to your wallet.
Step 3 – Receive the BTC in your wallet
Benefits of the coupons
- Ease. A very easy way to buy cryptocurrencies.
- Self-custody. Bitcoin goes directly to your wallet, making you the owner of your crypto.
- Availability. The coupons can be found in over 40,000 stores and establishments.
Nothing better than a Bitnovo coupon!
How to create an account on Bitnovo?
To buy Bitcoin with cash through Bitnovo, the first thing you’ll need is an account. But how do you create an account on Bitnovo? The process is quite straightforward and designed so you can start trading cryptocurrencies easily and securely, even if you’re new to this world.
Step-by-step registration
The process to start your purchase is simple and quick. Here’s how to register and prepare to buy your first Bitcoins:
- Download the App or go to the website. If it’s your first time buying or redeeming a coupon on Bitnovo, you need to register. You can do this easily by downloading their mobile app from your smartphone’s store or, if you prefer, by visiting their official website directly from any browser.
- Verification (if applicable). Depending on the amount you want to buy and current regulations, Bitnovo may request identity verification. This step is common and necessary to ensure security and regulatory compliance. If required, you’ll be guided to upload your ID document.
- Access to the wallet. Although Bitnovo makes the purchase easy, you’ll need a Bitcoin wallet to store your cryptocurrencies.
Advantages of buying Bitcoin with cash using Bitnovo
Buying Bitcoin with cash using Bitnovo offers a series of significant advantages that make it an attractive method for many users. Below, we highlight the key points that make this option a convenient and efficient alternative for entering the world of cryptocurrencies:
- No bank needed.
- Speed and privacy.
- Support for external wallets.
- Access from App or web.
Useful links and additional resources
Below, you’ll find a series of useful links that will give you quick access to relevant information and additional resources.
- Buy Bitcoin: https://www.bitnovo.com/en/
- Store map: https://www.bitnovo.com/en/shop/
- Bitnovo Wallet: https://www.bitnovo.com/en/wallet/
To wrap up, Bitnovo has a team ready to help you and answer any questions 24/7. The conveniences of Bitcoin are growing every day! And this is just the beginning.
