Cryptocurrency does not need to necessarily cut ties with banks in order to function, however it is possible to buy Bitcoin without the help of banks. There are a number of different ways to purchase Bitcoin without the help of Banks, such as peer to peer exchanges, crypto ATMs, and over-the-counter trading.

Peer-to-peer exchanges, such as LocalBitcoins, allow users to buy and sell Bitcoin directly with one another. This eliminates the need for a bank or third-party to facilitate the transaction.

Crypto ATMs are physical machines that allow users to buy Bitcoin with cash and without the need for a bank.

Over-the-counter trading allows users to buy Bitcoin directly from a broker or dealer. This eliminates the need for a bank or third-party to facilitate the transaction.