How to Buy Bitcoin at Walmart with Cash in 4 Easy Steps (2024) (2024)

Education

Buying Bitcoin atWalmart in2024 iseasy. Select aBitcoin wallet. Choose aP2P exchange. Bring required documents. Submit details. That’sit! Inthis article wedive into astep bystep with all the details.

Forget complicated online exchanges; today, we’re talking about asimple, tangible way tobuy some Bitcoin atWalmart. Whether you’re aBitcoin beginner orjust prefer the tangibility ofcash transactions, this guide istailored for you.

TL; DR: Short ontime, here’s the must know 4 steps tobuy Bitcoin with cash atWalmart…

Let’s start out bytalking about your Bitcoinwallet. The best way tothink ofitasanon-physical wallet for your Bitcoin— like your email isyour non-physicalmailbox.

Step 1: Select & configure aBitcoin wallet

Part ofthe reason why Bitcoin issocool and for everyone isbecause itchanges how wethink about and interact with money.

The Bitcoin network isdecentralized, meaning itcuts out banks, money transmitters like Western Union, and other middlemen, making transactions directly peer-to-peer.

Your Bitcoin wallet iskey tothis wholeprocess. It’s not just for buying, selling, orkeeping your Bitcoin; it’s actually asoftware program that holds your public and private keys, which are essential for your transactions.

Bitcoin wallet keys work alot like your emailaccount. Think ofitlike this:

It’s like having amaster key toanincredibly vast network ofdigitalmailboxes!

Imagine these asthe codes toyour own personal sovereign digital Swiss bankaccount. They’re what keep your Bitcoin secure and under your control.

There are several types ofwallets outthere. Let’s take aquick look ateach!

Hardware Bitcoin wallets

What: Users store private keys onapurpose-built piece ofhardware.

Pros: Private keys never touch the internet, which reduces the risk oflosingthem. Suitable for long-termstorage. Ifyou lose your hardware wallet, you can use the backup seed phrase torestore your wallet.

Cons: Users must secure aseed phrase backup, which requires athoughtful strategy toprotectit. It’s recom­mended towrite down your seed phrase onmetal and store backups inmultiplelocations.

Note: Protecting seed phrase backups isstandard practice for wallets where the user controls the private keys.

Ifyour hardware wallet isstolen, your funds are atrisk ofbeing hacked.

Examples: Blockstream Jade, Coldcard, and BitBox

Mobile Bitcoin wallets

What: Users store private keys onamobile device.

Pros: Simple touse, suitable for begin­ners, works for small amounts, conve­nient for spending even though most people rarely spend their Bitcoin right now (too much upside toholding for the long term)!

Cons: Least secure option asprivate keys are onadevice connected totheinternet. Ifanattacker gains physical access toyour phone, funds can besent totheir ownwallets. Not suitable for long-term storage.

Example: Muun

Desktop Bitcoin wallets

What: Users store private keys ontheir desktopcomputer.

Pros: Good UX, Conve­nient for spending even though most people rarely spend their Bitcoin right now.

Cons: Not very secure ascomputers are connected tothe internet and vulner­able toattacks. Not suitable for long-term storage.

Examples: Bitcoin Core and Electrum (advanced), Specter (inter­me­diate), Block­stream Green (beginner)

Multi-sig Bitcoin wallets

What: User stores private keys inaunique wallet that requires multiple private keys tosign before your funds can bemoved. For example, ina“2‑of‑3” multi-sig wallet, auser needs two out ofthree private keys tosendfunds.

Pros: One ofthe most secure ways tostore your Bitcoin, reduces the effec­tive­ness ofphysical attacks and issuitable for long-term storage.

Cons: Hard toset uponyour own, but several services exist tomake iteasier. Not conve­nient for spending, but that’s the point.

Examples: Swan Vault, Unchained Capital’s Vault (2‑of‑3), Specter (DIY), Electrum (DIY)

Paper Bitcoin wallets

What: This isamethod where your Bitcoin private keys are printed onaphysical medium, such aspaper. It’s aform ofcold storage, meaning it’s keptoffline.

Pros: High level ofsecurity due tobeing offline, reducing the risk ofonline hacking and cyberthefts. Ideal for long-term investments asit’s not susceptible toelectronic damage orfailures.

Cons: Vulnerable tophysical damage like fire, water, orgettinglost. Requires careful handling andstorage. Also, itisnot convenient for frequent transactions ortrading, asitnecessitates the transfer ofdata from paper toadigital device for every transaction.

Examples: Generating keys using open-source software like Bitaddress, storing them inaphysically secure location, using atamper-evident sealed envelope.

Learn more about the best Bitcoin wallets in2024, here.

Step 2: Choose aP2P exchange & verify details

Before visiting Walmart, ensure you’re getting the bestvalue. Take aminute tocheck what the optimal times for purchasing Bitcoin are tosecure afavorablerate.

Tobuy Bitcoin with cash atWalmart, you have two options besides using aWalmart gift card:

Coinstar Kiosks

Allows customers touse cash topurchase Bitcoin atselect Coinstar kiosks inside more than 200 Walmart locations across the United States.

Find aCoinstar kiosk

Walmart2Walmart Money Transfers

You can also useWalmart2Walmart money transferstobuy Bitcoin.

Remember though, each purchase incurs atransaction fee of4% and acash exchange fee of7-11%.

Pro Tip: Look for aseller who isopen tousing money transfer services, specifically Walmart2Walmarttransfers. Like MoneyGram orTransferWise, this service allows sending money between Walmart locations.

Finding aBitcoin seller who isagreeable totransact via Walmart will help you avoid extra steps andfees. Explore multiple P2P exchanges tofind one that aligns best with your requirements.

Once you find aseller:

1. Head tothe Walmart Money Center orcustomer service counter

2. Provide the cashier with the details from your P2P exchange

3. Pay the cashier incash

4. That’s it!

Remember: You’ll need tokeep the receipt and send the transaction details toyour Bitcoin seller for verification.The seller will then beable tocollect the cash from their chosen Walmart location.

The fee applied isbased onthe amount transferred. The fee percentages for each transfer range are asfollows:

Transfers upto$50 (with a$4 fee): 8%

Transfers between $50 and $1,000:

• Atthe minimum amount of$50 (with an$8 fee): 16%

• Atthe maximum amount of$1,000 (with an$8 fee): 0.8%

Transfers between $1,000 and $2,500:

• Atthe minimum amount of$1,000 (with a$16 fee): 1.6%

• The maximum amount of$2,500 (with a$16 fee): 0.64%

Finally, your P2P exchange will provide all the essential details for the Walmart transaction. Make note them down ortake aphoto for easy reference when you visitWalmart.

Step 3: Bring correct documentation toWalmart& find the teller

Alright, now it’s time tovisitWalmart. Besure tobring along the details gathered from the previous step.

Head toeither the Walmart Money Center orthe customer servicedesk. They are typically located near the store’sentrance.

Upon arrival, present the teller with the information from your P2P exchange. Then, pay the cashier and make sure tokeep the receipt for the followingsteps.

You must also have avalid, unexpired, government-issued photoID. Acceptable forms ofidentification include:

Pro Tip: You might find ithelpful toknow that Walmart2Walmart money transfers can also bemade toand from PuertoRico. This isbeneficial ifyour Bitcoin seller islocated ineither the U.S. orPuerto Rico.

Step 4: Submit transaction details

There are only three simple steps tosubmit your transaction details:

1. Provide transaction information.

2. Confirm your transaction with the BTC seller.

3. Share the information onyour receipt todemonstrate you’ve fulfilled your part ofthe deal with the seller.

The seller will then beable tocollect the funds from your Bitcoin exchange attheir preferred Walmart location.This process can becompleted swiftly, often within just 10 minutes orone Bitcoin block confirmation.

For added convenience, you can monitor the progress ofthe transfer through Walmart’s 'Track aTransfer' feature.Simply enter your last name and the reference number from your receipt touse this service, which isavailable onWalmart’s officialwebsite.

Final Thoughts

While buying Bitcoin with cash atWalmart might seem like ahandy option for those spur-of-the-moment sat-stacking cravings, let’s face it; i’s not always the smoothestride. Between the hustle ofstore aisles and the nuances ofthe purchasingprocess…

Why juggle cash, vouchers, online P2P exchanges orstand inline atWalmart— when you can buy Bitcoin effortlessly from the comfort ofyour own phone orcomputer onthe Swan App?

With Swan, you get auser-friendly platform, with industry best customer support that makes buying Bitcoin aseasy asswiping onyour favorite app.

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Sign up for aSwan account today!

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