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Buying Bitcoin in the United States is a lot easier than it used to be.
Growing up in the United States, I have vivid memories of friends approaching me around 2012 asking me how to buy Bitcoin.
I’d refer them to ridiculous methods that were somehow the best available at the time.
One of these methods required purchasing an in-game currency from the video game Second Life, before converting that into Bitcoin.
Yep, it’s that easy.
In short, the best Bitcoin exchanges for United States residents are:
When recommending a cryptocurrency exchange or brokerage to our readers, the main factors we consider are:
Below, we’re going to cover the top options more in-depth. Once you’ve decided which service you’ll use, view our step-by-step tutorial guides detailing the entire buying process for that exchange.
Let’s jump right into it!
Based out of San Francisco, California, Coinbase is considered by many to be the most reputable beginner-friendly exchange. Since 2012, they’ve made it simple for any crypto newbie to buy and sell Bitcoin through their gorgeous user interface. Just make an account, link your preferred payment method, and start purchasing.
Please note that if you are based in the United States, most credit card purchases are disabled. For AML reasons, Coinbase, like most exchanges, requires users to submit a picture of their ID and other information for verification purposes.
When it comes to fees, this will depend on the payment method used. Bank purchases charge 1.49% and on credit and debit purchases expect 3.99%. Purchase limits depend on your accounts verification level, with the highest tier of verification allowing $50,000 to be purchased daily.
Want to see a step by step picture annotated guide on how to purchase Bitcoin on Coinbase? We've got you covered.Visit Coinbase Read Review
eToro USA is an investing platform that allows its users to purchase CFDs for Bitcoin, cryptocurrency, and even stocks.
One of eToro's most notable feature is their support for copy trading. Also known as social trading, this will allow users to view the top trader's exact moves, letting them replicate as little or as much of their strategies as they'd like.
At press time, the service supports 40 US states and several other US territories.
eToro has a few different fees that you should be aware of. When trading any crypto to crypto, you'll pay a .1% fee. If fiat is converted to the cryptocurrencies below, you'll also pay the spread mentioned below.Visit eToro USA Read Review
Kraken is another popular exchange based in the United States that's been around since 2011. When it comes to currencies, Kraken supports dozens of cryptocurrencies and fiat currencies such as USD, GBP, and EUR.
Fees on the exchange can range from 0%-.26% depending on the type of order and your trading volume. For funding options, Kraken offers deposits in USD (FedWire), EUR (SEPA), and CAD(Wire & EFT).Visit Kraken Read Review
Coinmama is another beginner-friendly cryptocurrency brokerage that focuses on credit and debit card purchases. They offer instant delivery and sell Bitcoin, Ethereum, Ripple, Litecoin, and more to 46 US States, and most countries.
Coinmama doesn’t provide its users with a wallet on the exchange. Instead, users are asked to provide a wallet address to send the purchased cryptocurrency to. As long as you have your own wallet, this shouldn’t be an issue!
Coinmama charges a fee of around 5% for credit and debit purchases with instant delivery and high purchasing limits of a max of $5,000 daily, and $20,000 monthly.
Click here to see a step by step guide on how to purchase Bitcoin on Coinmama.Visit Coinmama Read Review
LocalBitcoins offers a highly trustworthy escrow service and peer-to-peer (P2P) exchange. Due to the nature of the exchange, it's available in pretty much every country.
On the exchange, users to trade among themselves. Due to the nature of the transactions on the exchange, there is a resolution and feedback system.
It also allows users to post a quick buy or quick sell ad on the exchange platform. It is one of the best cryptocurrency exchanges for peer to peer trading.
LocalBitcoins is one of the better exchanges for users concerned with their privacy. Bitcoin can be purchased in person without linking an identity to an exchange.Visit LocalBitcoins Read Review
As much as people (or the president) would like to make you think, Bitcoin is completely 100% legal to own and use in the United States. Non-profit organizations like Coincenter are dedicated to being cryptocurrencies voice to the US government.
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity….— Donald J. Trump (@realDonaldTrump) July 12, 2019
Absolutely! For the most part, any exchange or brokerage mentioned in this guide while working in all states. The only exception to this rule is New York, as they require all exchanges to operate in the jurisdiction to have something called the “BitLicense“.
Now that you know about your different options for purchasing Bitcoin, you should be able to purchase Bitcoin easily in the United States.
Forgot what we covered up top already?
The best Bitcoin exchanges for United States residents are: