Bitcoin is a decentralized digital currency that’s powered by a huge, distributed network of computers. Nowadays, it has become an integral part of people’s lives where it can buy coffee or use to buy products from Walmart. The question now is it is possible to buy Bitcoin at Walmart.
It used to be that you could buy Bitcoins on trades, yet those days are a distant memory. Presently you can get them on an assortment of places being sold at nearby retail locations. In fact, you can get them at Walmart.
It very well may be a confounding cycle in case you're new to the game. Try not to stress, we have your back. Below you'll find a step by step instructions on how to make your first transaction stress-free.
Buying bitcoin at a Walmart might not be that easy, but it’s possible. For Bitcoin to be a fiat replacing currency, people must start buying it at the store rather than exchange it.
In this article, it will show the readers how to buy bitcoin with cash and how their shopping mart can transform into a place where they can easily buy Bitcoins
Where and How Can I Buy Bitcoins with Cash?
Peer-to-Peer Trading Venues with Walmart2Walmart Money Transfer
The first thing you need to do is find a seller on one of these sites, LocalBitcoins, Paxful, or LocalCryptos, willing to accept a Walmart2Walmart money transfer. We recommend LocalBitcoins, Paxful, and LocalCryptos because they offer escrow service that gives a reasonably secure venue to buy and sell bitcoins.
Using these services, you need to be on top of your game and watch out for scammers. Look for users with good reputations that have also made a large number of trades. The premium for using this service is expensive.
All service users sell way above market value, granted buyers also offer to sell way below market value, so it’s all about timing the market.
Once you have selected a seller and have committed to the trade, you need to go to Walmart and make the deposit or Walmart2Walmart money transfer and wait, BTC should be released into your account shortly upon receipt of payment.
Walmart functions just like a transfer agent, and it is not responsible for how you spend your money. Neither party needs to create an account at Walmart to transfer money and thus absolves Walmart from any client responsibilities if you get scammed. Walmart also does not require you to sign up as a client and agree to a contract of sorts.
Bitcoin ATM and Walmart
Suppose you have hard cash and are willing to leave the house. Bitcoin ATMs would be your next best step, buying bitcoin with cash. Bitcoin ATMs are available everywhere in the U.S., and more are constantly popping up everywhere.
Unfortunately, you will need a state identification card for your KYC verification and a mobile phone to purchase bitcoin. You can always opt to use a prepaid phone, which will further hide your identity.
For the rest of the world, using a bitcoin ATM (BATM) is very straight forward. You will need; cash, a mobile phone and maybe a mobile wallet. As a word of precaution, beware of the paper wallets printed by the BATM's. Someone can easily scan it and steal your BTC.
BATM's locations could have CCTV installed that can view the paper wallet exposing you to potential risks.
You could also lose it or even throw it away by mistake with other receipts. For this reason, we recommend a mobile wallet. You can link your mobile wallet like Wasabi Wallet or Samourai Wallet to a hardware wallet for extra security.
Avoid storing your cryptocurrencies in a scorching wallet. It would be best if you always had a hardware wallet in your security mix. The security benefits far outweigh the inconvenience of using them.
Using a bitcoin ATM also comes with a premium, and you will be paying higher than the spot price of BTC. This is a reasonable compromise for security as you don’t have to deal with a cryptocurrency exchange and are less likely to get tainted coins.
Bitcoin ATM at Walmart
Getting bitcoin in Walmart with BATM is not yet available. Walmart doesn’t have physical bitcoin BATMs at the moment, and they don’t place redeemable bitcoin vouchers on their counters.
This means you can’t buy bitcoin from Walmart directly instead, you can buy bitcoin at Walmart using their financial devices. The Walmart2Walmart money transfer system does offer a way to cash out of cash and into bitcoin, as we have discussed earlier.
With the rapidly increasing number of BATM's, there is a good chance that one might pop up on the Walmart nearest you.
Walmart Gift Card to Buy Bitcoins
Walmart doesn’t support this type of transaction. If a user holds some extra Walmart Gift Card, he can find someone who has Bitcoins and share it with the user. If they both agree and there is a deal for exchanging Walmart Cards with BTC. It’s a win-win situation for both.
The only alternative is to find someone willing to swap. Meeting people you chat to online in real life isn’t a good idea generally, involving money in a meeting makes it even more unsafe. Even if you were to meet at a police station or a crowded venue, we still wouldn’t recommend it, but that would be a good start.
Exchanging Goods for Cash
If you had to buy bitcoin with Walmart gift cards, you would first look at a pawn shop to see what loses the least value. Buy those things with the gift cards at Walmart and then sell those things at the pawnshop.
You would then take the proceeds from the sale and use the cash at a bitcoin ATM. You could also ask your friends and family to buy the gift cards from you and then use a bitcoin ATM to buy bitcoin.
While we think it’s a great idea to tell everyone about bitcoin and its uses, we don’t think it’s a good idea to tell people you own bitcoin for security reasons.
In addition to all the existing services, now you can also use Walmart Gift Card to buy bitcoins on Paxful. Paxful makes the process of purchasing BTC with Walmart Gift Card a whole lot simpler. Pay with Walmart Gift Card to have bitcoin in your Paxful wallet as soon as the transaction is verified.
You can either buy from one of many offers listed by vendors for selling their BTC using Walmart Gift Card or create your own offer to sell your bitcoin in Walmart Gift Card balance. At Paxful, vendors can set their own rates and decide their margins. Select the offer that suits you the most while buying and creating offers with the best chance of converting.
How to Buy Bitcoins with Prepaid Cards?
This depends on the prepaid card, but you could use Local Bitcoins, Paxful, or LocalCryptos. This would be our preferred privacy method. A prepaid card and a prepaid phone offer the most anonymity to the purchaser. This does depend on the amount you are transacting in and which service you use.
On the off chance that you're keen on the best way to purchase Bitcoin with a pre-loaded card, at that point, you will be happy to realize that numerous stages who acknowledge Visa and Mastercard offer this alternative.
Bitcoin Revolution professes to assist normal with peopling to enter the crypto market through a crypto mechanized exchange.
Pre-loaded cards are not the same as charge cards, as they are not connected to your financial records. Pre-loaded cards permit you to purchase merchandise or administrations with cash that you stacked on the card heretofore.
Regardless of whether this strategy for securing Bitcoins isn't the most mainstream, there are a couple of administrations that empower you to purchase the coins utilizing pre-loaded cards.
Now that you know how to buy bitcoins with cash at Walmart. The next question is, should you buy bitcoin at Walmart? We don’t think so, but this does not mean this won’t be the best course of action for you. Using the systems and tools available in the bitcoin and cryptocurrency ecosystem can be dangerous.
However, this doesn’t need to be your experience if you do some research and see how people have been scammed, what services are offered, and if those services work with your risk parameters.
You're going to have a great time using the crypto ecosystem. Everything was designed from the ground up with security in mind. Anonymity is also available if you know how to use the available tools. We recommend a lot of reading, starting with Mastering Bitcoin. If that's not your speed, you could read The Little Bitcoin Book or The Bitcoin Standard, which explores bitcoin's economics.