Both LocalBitcoins and Paxful, offer cash deposits as a payment option.

In the US, there are two more services which specialize in arranging and securing bank deposit purchases: BitQuick and Liberty X (which require smartphones).

Finally, Wall of Coins provides this same service within the US, the UK, Argentina, Australia, Brazil, Canada, Germany, Latvia, Mexico, Poland, the Philippines, and Romania.

With this method, the seller provides their bank details. You then visit the relevant bank, and fill in a deposit form. Sellers may specify a particular bank. You then make a cash deposit to the seller’s account via the bank teller.

This method is more reliable and physically secure than meeting with a stranger. Specifically, the seller has no way of knowing which bank you’ll be using.

The downside is that such services are only available within banking hours. And they’re slower than face-to-face transactions— particularly if there’s a long queue at the bank, or the service is slow to verify your trade.

As with face-to-face cash trading, you should only conduct bank-deposit trades via a reputable escrow service; this action will protect you from fraud.

You can prove to the escrow service that you made a payment by photographing or scanning your bank deposit receipt. In the event of a dispute, with proper proof, they’ll release the seller’s coins to your Bitcoin address.

So ensure that you keep your receipt. Unlike a bank transfer, it’s really hard to prove that you made a payment without it!