How To Buy Bitcoin (BTC) with Cash Deposit?

With CEX.IO, you can enjoy a multifaceted ecosystem of crypto services that empower you to trade, buy, and sell digital assets, as well as earn crypto with a staking or savings accounts.

If you want to learn how to purchase Bitcoin instantly with cash and minimum effort, check out our guide.

Where can I buy Bitcoin (BTC) with a cash deposit?

To buy BTC with cash, use a credit or debit card. But first, you would need to register on CEX.IO.

How to register on CEX.IO

  • Click the Register button in the upper right corner of the CEX.IO website.
  • Provide your email address, desired password, and country of residence.
  • After that, confirm your email address. This is a necessary step to keep you in touch regarding your account activity and transactions.

When the registration is complete, verify your account to buy crypto with credit & debit card. The verification process typically takes nearly 10 minutes.

Buy Bitcoin with credit/debit cards

Before buying crypto, check current crypto prices to better understand existing market conditions. When you’re ready to buy Bitcoin with a debit card, you can use one of these ways.

Buy Bitcoin via Instant Buy

The Instant Buy service combines both a card deposit and a crypto purchase, significantly speeding up the process of joining the crypto economy. In order to buy Bitcoin with Instant Buy, follow these steps:

  • Go to the Instant Buy page.

  • Select Bitcoin in the list of supported cryptocurrencies.
  • Choose your preferred fiat currency from the dropdown menu.
  • Specify the amount you want to buy/spend, or pick a pre-defined pack.
  • Select your payment method. For instance, your Visa or Mastercard payment card.
  • Ensure all details are correct, and confirm the transaction.

Buy BTC through Spot Trading

In order to purchase Bitcoin using this service, you’ll first need to fund your account with a card, or any other payment method. For that, click the Add funds button in the upper right corner when you are logged in on the CEX.IO website. Select your preferred payment method, enter the amount, and confirm the transaction. Once done, follow the next steps:

  • Go to the Spot Trading.

  • Search for the BTC to USD pair, or select any other preferred Bitcoin market.
  • Click the Buy button located above an order type selector.
  • Configure your order parameters, specifying the order type, trade amount, and other specifics required for your selection. For more details, check this guide.

  • Click the confirmation button to place an order, and initiate a crypto purchase.

Exchange any currency for BTC via Convert

The Convert service empowers you to perform anything-to-anything swaps on CEX.IO. Similar to Spot Trading, you’ll first need to fund your CEX.IO Wallet to use the Convert service for a crypto purchase.

To make an asset conversion with the Convert service:

  • Go to the Wallet page.

  • Click the Convert button near the desired cryptocurrency.
  • Select a combination of assets you want to convert.
  • Click Convert to make an instant conversion.

Keep in mind that you can access all the above-mentioned CEX.IO services via the CEX.IO mobile app as well. This is a handy solution to manage your portfolio on the go, and always take your crypto with you.

How to buy Bitcoin with a cash deposit

When it comes to buying Bitcoin with “cash,” it’s not only about payment cards. It’s a quite broad term, which may include crypto purchases using physical cash, peer-to-peer (P2P) operations, bank transfers, etc. Let’s explore these alternative funding methods in detail.

How to buy BTC using ATMs?

ATMs can be described as in-person crypto exchanges. To buy Bitcoin using ATMs, you would first need to find one near your location, and put cash into a machine to purchase a preferred cryptocurrency. After the purchase, crypto funds can be transferred to a personal wallet, or a Bitcoin exchange platform. If you want to transfer them to CEX.IO, visit the Wallet page to find your crypto wallet address.

How to buy Bitcoin in person?

Purchasing Bitcoin in person with a cash dealer is widely considered a risky endeavor, because there are fewer safeguards to ensure a secure and fair crypto purchase. To protect both buyers and sellers, crypto enthusiasts typically use P2P platforms as a substitute for these operations. Such platforms enable users to find buyers or sellers directly, and set parameters for initiated transactions. Oftentimes, these P2P platforms can function as a guarantor of transactions between participants.

How to buy BTC securely with a bank cash deposit?

CEX.IO features a variety of bank transfer opportunities, including SWIFT and SEPA, but note the availability of each depends on current regulations in your country of residence. However, before purchasing crypto with a bank transfer, you’ll need to fund your CEX.IO Wallet.

How to deposit funds using a bank transfer on CEX.IO?

You can deposit money by clicking the Add funds on the Wallet page (in the upper right corner, or next to the currency of your choice). After that:

  • Select the currency you'd like to deposit.
  • Click on Select Payment Method, and choose Bank Transfer.
  • Select a type of transfer, and input the amount you would like to send to CEX.IO.
  • Click Proceed to view the payment details, and initiate the transfer.

Transfer funds to CEX.IO

To send funds from your bank account to CEX.IO, do it through our platform, or provide your banker with the receipt you received from CEX.IO. If you would like to make a new deposit, you can do so on the Wallet page. Please note: in some cases, it can take one to three business days for funds to appear in your CEX.IO account.

How to buy BTC with SWIFT?

To make a SWIFT deposit, just follow the bank transfer deposit instructions provided above. Make sure to provide the correct information when requesting a transfer. Even a quick typo can lead to stuck, or lost funds. In addition, if you need to make a SWIFT transfer as fast as possible, consider initiating it at the beginning of the week.

Once the SWIFT deposit is complete, you can use the Convert service, and/or Spot Trading to buy Bitcoin.

How to buy BTC using an e-wallet (Skrill, Epay)?

In order to buy BTC with an e-wallet, follow these easy steps:

  • Go to the Wallet page and click the Add funds button.

  • Click Select payment method, and then Alternative payment method.
  • Choose Epay, or Skrill, depending on what you prefer.
  • Enter the email address connected to your Epay/Skrill account. Your CEX.IO account should be associated with the same email.
  • Click the Link your account button to proceed.

If you select Skrill, you’ll be redirected to your e-wallet account to complete the transaction without leaving the CEX.IO website. For an Epay deposit, you will need to access your Epay account separately, and request a transfer by providing your credentials.

Typically, it takes less than 24 hours to process the deposit from your Skrill or Epay wallet to CEX.IO. Once a transaction is complete, you can use transferred funds for a crypto purchase.

How to buy Bitcoin online with a cash deposit in the U.S.?

On CEX.IO, U.S. residents can deposit funds using their Visa and Mastercard debit & credit cards, Google/Apple Pay, and PayPal. In order to purchase Bitcoin, U.S. customers may use Instant Buy, and/or the Convert service.

The process of funding CEX.IO Wallet using payment cards is the same for U.S. customers, as for users in other jurisdictions. In addition, there is no difference in terms of steps to buy Bitcoin with Instant Buy and Convert services, so you can check the relevant instructions above.

However, U.S. customers can also take advantage of PayPal as a funding method. In order to use it, you first need to link your PayPal account to CEX.IO Wallet. Once it is linked, you are ready to purchase crypto. You can find more details about using PayPal on CEX.IO here.



What payment methods are available on CEX.IO?


With CEX.IO, you can buy Bitcoin with a credit card, debit card, bank transfer, e-wallets, and PayPal. Check our Limits and Commissions page to check the list of supported payment methods, as well as maximum and minimum amounts for deposits and withdrawals. Keep in mind that a suite of available payment methods depends on your country of residence.


Can I buy Ethereum with a bank transfer?


Yes. To buy Ethereum on CEX.IO, you can top up your account with a bank transfer, or any other available funding method. After the deposit is complete, you use these funds for crypto purchases. In the same way, you can buy Tron (TRX), Tether (USDT), Cardano (ADA), and other digital assets.


What could be the fastest way to sell Bitcoin (BTC)?


You can sell Bitcoin instantly on the Wallet page. To do this:

  • Open the Wallet page and choose Withdraw.
  • Select Bitcoin as the crypto you would like to sell, and define what fiat currency you want to receive.
  • Specify the transfer destination (it could be your card, bank account, or e-wallet)
  • Enter the amount of crypto to sell. You’ll see the fiat equivalent calculated according to the current market price.
  • Click Proceed and confirm the transaction.

Can I generate Bitcoin rewards on CEX.IO?


Yes. For instance, you move BTC to a CEX.IO Savings account, and earn more BTC daily. Funds stored in a Savings account are not locked and can be moved in and out at any time. Furthermore, the CEX.IO Savings service has almost no entry barrier, meaning users can start accumulating crypto by moving any amount of funds to their Savings account.

Please note that CEX.IO Savings is currently not available in the U.S. Check the list of supported jurisdictions here.