Risks of Buying Bitcoin with Cash

Buying bitcoin with cash can be relatively low risk, but there are some considerations:

• For in-person trades, meet in a public place to reduce the risk of scams or theft.
• When using cash deposits, use an escrow service (like LocalBitcoins or BitQuick) to ensure you receive the bitcoins after payment.

Benefits and Advantages

• Easy to buy small amounts of bitcoin
• Private - often no personal information required
• Fast - minimal or no verification process

Disadvantages

• Can be difficult to buy large amounts
• Bitcoin ATMs may have limits or require verification for larger purchases

Why Higher Prices?

Bitcoin ATMs often have prices 5-10% higher than global rates due to:

• Increased privacy (no ID verification or personal information required)
• Convenience factor

ID Verification Risks

Providing ID to exchanges carries some risk:

• Potential for data breaches
• However, exchanges typically have strong security measures

Financial & Regulatory Licenses

Exchange	Licenses & Regulation
Coin ATM Radar	This is a map only. Please check with individual ATM operators for their regulatory status and licenses.
Bitcoin Depot	Registered MSB with FinCEN in the USA and FINTRAC in Canada. Licensed for money transmission in applicable US states.

Deposit Fees

These are fees exchanges may charge for deposits. Fees are subject to change.

Exchange	Deposit Fees

Some exchanges may charge fees when you deposit or withdraw Bitcoin from their platform. These fees can vary based on network congestion and the exchange's policies.

Exchange	BTC Deposit Fees	BTC Withdrawal Fees

Mobile App Support

Exchange	iOS App	Android App
Coin ATM Radar
Bitcoin Depot

Exchange snapshots