How to Use Bitcoin Vouchers to Buy Bitcoin With Cash

Bitcoin (BTC) vouchers provide one of the most convenient and personal ways to buy bitcoin. However, despite the ease and privateness they offer, bitcoin vouchers are yet to fulfill their potential to spur global bitcoin adoption.

Read on to analyze what bitcoin vouchers are, how you can use them to buy bitcoin with coins, and why they may play an influential role in bitcoin adoption.

What are bitcoin vouchers? 

Bitcoin vouchers are pre-paid cards-much like present cards-that can be bought using cash or financial institution cards and are redeemed for BTC. The amount of bitcoin "saved" within vouchers normally ranges from USD 10 to USD 250.

Crypto vouchers may be both virtual or bodily, with the latter presenting a revolutionary way to buy bitcoin privately with coins.

Physical bitcoin vouchers are bought at kiosks, grocery stores, gasoline stations, and newsagents, enabling speedy and easy access to bitcoin for everyone with cash in their wallet.

How do you purchase BTC with bitcoin vouchers the usage of cash

Buying bitcoin using a bodily bitcoin voucher most effective takes minutes and allows you to seamlessly and privately convert your fiat foreign money into virtual forex.

The technique differs barely from company to company. However, usually it works as follows:

Visit a shop that sells bitcoin vouchers. 

You can purchase a voucher for the quantity of bitcoin you need to shop for. 

Redeem your bitcoin by typing the voucher’s code into the provider's website and offering your bitcoin pockets deal with to acquire your coins. If you purchased a bitcoin voucher that incorporates an LNURL QR code, you simply need to experiment with it together with your Lightning Network (LN) wallet and obtain your bitcoin through the Lightning Network in a 2d. 

And that’s it! You acquire bitcoin, and your purchase is completed.

The role bitcoin vouchers can play in mass adoption 

Thanks to the likes of Azteco, Coinfinity, and FastBitcoins, you can purchase bodily bitcoin vouchers at a huge variety of global locations.

From a fuel station in the Austrian Alps or a newsagent in Warsaw to a kiosk in Johannesburg, bitcoin vouchers are observed in a growing number of towns in all corners of the arena.

Max Tertinegg, Co-Founder & CEO at Coinfinity, which sells bitcoin vouchers called “Bitcoinbon” in over 4,000 locations in Austria, told Cryptonews.com:

While bitcoin vouchers provide an easy way to gift bitcoin or purchase small amounts of bitcoin on the go in the Western hemisphere, the true power of bitcoin vouchers lies in the role they can play in bitcoin adoption in emerging markets.

Why?

Because bitcoin vouchers enable every person with a telephone to purchase bitcoin in a way they're already buying mobile phone credit.

In Kenya, for instance, you can top up your cellular minutes by buying an Airtime scratch card voucher at pretty much any kiosk. To load the airtime credit onto your cellphone, you scratch open the field where the voucher code is, dial 141, type in the voucher wide variety, and press the OK or Call button.

Thanks to physical bitcoin vouchers, you can buy bitcoin efficiently the same way. Therefore, bitcoin vouchers open up simple and clean bitcoin purchases for thousands and thousands of people that are already familiar with buying digital credit using this technique.

While crypto exchanges are doing lots to expand into as many markets as they are able to, there are compliance requirements that prevent easy access to bitcoin for individuals without documentation or a financial institution account.

Even leading peer-to-peer (P2P) exchanges that provide most of the people with bitcoin trading in frontier markets require users to verify their own use of authentic government documentation. Individuals who don’t own identity files can’t use those structures.

Bitcoin vouchers, then again, may be bought with cash, and there is no need to offer any identity because the quantities "saved" in vouchers typically fall under regulatory reporting requirements for coin purchases.