Istanbul is a crypto hub with more people investing every day. Apart from local Turkish people, foreigners are also streaming into the city to enjoy crypto investment, which is extremely easy because of the many reliable options.
If you want to buy Bitcoin in Istanbul with cash, the best thing is to know all the available options. While a number of investors prefer physical outlets, some still prefer online physical exchanges because of the convenience.
That said, let’s dive into the options to buy Bitcoin in Istanbul with cash.
Use Physical Exchanges
A local Bitcoin shop is an office where you can walk in and buy Bitcoin in Istanbul with cash easily and conveniently. They also offer free consultation services to new investors or anyone who wants to understand more about cryptocurrency. So, what do you need to buy BTC with cash?
- Your ID or Passport – They use this to identify you and fill out the know your customer details. It is a crucial requirement for you to transact and it should match your Bitcoin account details.
- Payments – When you want to buy Bitcoin in Istanbul with cash, you should bring the money in TRY, USD, EUR, or any other accepted currency. It could be in-hand cash or money in your account.
- Bitcoins wallet details – Your virtual wallet for BTC is also a requirement to complete the transaction. An agent will transfer the coins into your account immediately.
Use a BTC ATM
Turkey has a dozen BTC ATMs with Istanbul hosting many of them. So, if you want to buy Bitcoin in Istanbul with cash, this is also a great option. Google Maps will show you exactly where the nearest BTC ATM is and even give you directions from where you are. You will also find some information online on what you need and more.
A BTC ATM, which is a physical machine, allows crypto investors to buy Bitcoins and other cryptocurrencies through a self-service procedure just like a bank ATM.
You can bring cash in accepted currencies, typically Lira, and follow simple steps to buy. However, the most convenient way is to use cash in your bank.
Use Peer-to-Peer Platforms
P2P crypto platforms help BTC enthusiasts to meet and transact. It is a great option if you want to buy Bitcoin in Istanbul with cash. Fortunately, there are many such options, so just find one, log in, and follow the procedures to buy from the listed sellers.
You can meet in a safe place like a café, square, or any recommended place so you can buy the crypto in person with cash. However, some investors prefer to use the platform to complete the transaction while using a bank card or mobile money payment option. Taking all necessary precautions while buying in person through a P2P platform is essential.
There are many options to buy Bitcoin in Istanbul with cash. These are some of the best and you can buy using the local currency Lira or use international currencies like USD. The best thing about these options is that they are secure, affordable, and convenient.