How to Buy Bitcoin without a Bank Account

Although it may seem hard to buy bitcoin without a bank account, services that allow the unbanked to buy bitcoin often deliver your coins faster. Bitcoin purchases made with cash often have delivery times of under 2 hours. Bitcoin purchases made with credit/debit card or ACH transfer often have wait times of up to 5 days before the coins are delivered.

Bitcoin can be a great tool for the unbanked, so it's no surprise that many companies are focused on helping those with no bank account buy bitcoin.

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

Local Bitcoins provides escrow and offers a number of payment methods for buying bitcoin with no bank account. Cash deposit, Western Union, face-to-face cash trade, Amazon gift card are all offered on top of many other payment methods. Local Bitcoins provides escrow, but be sure to buy from sellers with previous trade history and positive feedback.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

BitQuickBitQuick Buy Bitcoin Read Review

BitQuick provides escrow between buyers and sellers. Payments are made via cash deposit at bank locations across the U.S., and via SEPA transfer in the EU. Your coins will usually be delivered in under two hours if payment was made via cash deposit.

Pros
  • One of the fastest ways to buy bitcoins
  • More physically secure than other cash payment methods as one pays the money to a bank teller
Cons
  • 2% fees for buyers are somewhat high for cash trading
  • Prices vary and can be much higher (or even lower) than the current Bitcoin price
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

Wall of CoinsWall of Coins Buy Bitcoin Read Review

Wall of Coins is a peer-to-peer Bitcoin exchange that offers a number of payment methods. Cash deposit, however, is the exchange's most common payment method. There are over 100,000 deposit locations available across the United States. Wall of Coins also supports Canada, Germany, Poland, Argentina, Latvia, Poland, and the Philippines. After a cash deposit is made you'll usually receive your bitcoins within 15 minutes.

Pros
  • Easy way to purchase bitcoins
  • Fairly private way to purchase bitcoins; only your phone number is required
Cons
  • Currently limited to 12 countries
  • Hard to find sellers offering high volume
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

LibertyXLibertyX Buy Bitcoin

LibertyX lets you buy bitcoin with cash at a number of retail stores across the United States. You'll have to verify your identity before buying, making LibertyX less private than some of the other options. You can buy up to $1000 worth of bitcoin. You'll be charged a 1% fee on all purchases, but if you sign up with Facebook you can buy your first $1000 fee free. Your bitcoin should arrive a few minutes after your payment is made.

Pros
  • Easy and fast way to buy bitcoins with cash
  • Low 1.5% (plus store fee) rate for cash purchase method
  • Daily $1000 limit is fairly high for a convenience service
Cons
  • Participating stores add their own variable fee
  • Some verification is required which lowers the expected privacy level of cash purchase
  • Attaching your Facebook account further degrades privacy
Ease of Use
Average
Privacy
Average
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

Coin ATM Radar helps you find Bitcoin ATMs in your area, where you can by bitcoins with cash and no bank account.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium is a Bitcoin wallet for iOS and Android. The Android version of the app has a "local trader" feature that helps connect you with locals who are selling Bitcoin. You can arrange to meet face-to-face and buy bitcoin with cash.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

On top of the options listed above, it's always possible to buy bitcoin at your local meetup or from a local Bitcoin ATM. Use Coin ATM Radar to find a Bitcoin ATM in your area.

The availability of the services listed above may vary by location.