Buy Crypto & Bitcoin in Alabama

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  • Popular Exchanges to Buy Crypto & Bitcoin in Alabama
  • eToro exchange logo
    eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
    BUY NOW at eToro's Secure Site
  • coinbase exchange logo
    Coinbase
    • US based crypto & Bitcoin exchange
    • Best way to buy crypto in the US
    • Instantly connect bank account and buy
    BUY NOW at Coinbase's Secure Site
  • coinbase pro logo
    Coinbase Pro
    • Some of the lowest fees available for US customers
    • High liquidity; good for buying large amounts of crypto
    • Based in the USA
    BUY NOW at Coinbase's Secure Site

CoinbaseCoinbase
Buy Now at Coinbase's Secure Site

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, Canada, and Australia.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get up to $36 in free crypto when you signup using Coinbase Earn.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
reputation icon
Reputation
Trusted
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Limits
High
Buy Now Read Review

Coinbase ProCoinbase Pro
Buy Now at Coinbase Pro's Secure Site

Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
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Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Buy Now at Gemini's Secure Site

Gemini is a New York-based Bitcoin exchange, open to residents of the United States, UK, Canada, Hong Kong, Japan, Singapore and South Korea. Deposits can be made via wire transfer, SEPA or ACH transfer.

Get $20 of free BTC after trading $100 or more within 30 days.

Pros
  • Trustworthy and regulated exchange
  • Instant deposit lets you buy coins quickly (but not withdraw them)
  • Some of the lowest fees in the US and Canada
Cons
  • Somewhat confusing to use for new buyers
  • Not yet available in all US states
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin IRA's Secure Site

Bitcoin IRA offers a tax-advantaged way to invest in Bitcoin and Ethereum using your 401k or other retirement savings.

Bitcoin IRA is a US licensed IRA custodian, so you know your crypto or Bitcoin IRA is in full compliance with the Federal Government.

Pros
  • Tax Advantaged Bitcoin Savings
  • Easy to set up account
Cons
  • Cannot custody the Bitcoin yourself
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Ease of Use
Average
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Coinmama's Secure Site

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Buy Now at Swan Bitcoin's Secure Site

Swan Bitcoin is a dollar cost averaging Bitcoin exchange, where users can set up recurring Bitcoin purchases to be drafted from their bank account or credit card every month or week.

Get $10 in free BTC when you make your first purchase.

Pros
  • Easy to set up
  • Automated dollar cost averaging
  • Very low fees
Cons
  • First purchase takes awhile
  • No way to sell on platform
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin ATMs's Secure Site

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Now

The Status of Bitcoin in Alabama

There are 29 Bitcoin ATMs in Alabama, including Bitcoin Depot, RockItCoin, and ByteFederal. Most of them are in Birmingham, and almost all are buy-only. You can sell your virtual currency only at three select ATMs in the state, located in Florence, Mobile, and Homewood.

You can also trade other cryptocurrencies on certain ATMs across the state, including Ether, Dash, and Litecoin. You can sell Dash only in Florence.

Bitcoin mining and exchange in the state of Alabama are very strict. In May 2017, the state passed the Alabama Monetary Transmission Act to regulate the buying and selling of any currency that holds monetary value. Since cryptocurrencies do, the law regulates them as well.

The new law states that any business looking to exchange virtual currencies in the state must first obtain a license. However, the Act excludes government bodies, banks, clearing houses dealing with securities, broker-dealers, bank holding companies, and businesses in the payment processing industry.

The Alabama Securities Commission is responsible for enforcing the law, ensuring there are no fraudulent transactions of securities and cryptocurrencies. In its Operation Crypto-Sweep, the ASC has issued cease and desist letters to seven businesses suspected of fraudulent crypto operations.

The ASC is a member of the North American Securities Administrators Association (NASAA). NASAA's primary goal is to protect crypto users and ensure crypto businesses follow federal regulations. Since Alabama strongly supports all NASAA efforts, it doesn't come as a surprise that its crypto laws are very strict.

For example, in mid 2021, the Alabama Securities Commission sent cease and desist orders to both Celsius and BlockFI for violating state laws due to its crypto lending and interest earning practices. The state is giving each company 28 days to response to the order.


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Bitcoin & Cryptocurrency Trading in Alabama


In 2017, the Alabama Monetary Transmission Act went into affect and it regulated the use of virtual or digital currencies, including Bitcoin, in electronic transactions. This Act was meant to modernize the obsolete Sales of Checks Act by setting a regulatory framework for non-banking entities which were trading cryptocurrencies on behalf of individuals.

The Alabama Securities Commission has acknowledged the importance of this Act in the state’s business community and with its consumers by preventing money laundering and other illegal activities.


country image
A view of the city of Montogomery on the Alabama's capital.

Due to the Monetary Transmission Act's approval, Binance was able to add Alabama to its list of approved states. In Binance's announcement, the act satisifed all of the necessary steps to getting started on the platform. After unveiling its ban on U.S. customers in June 2019, Binance released another platform called Binance U.S., but Alabama is still on the not-yet updated list.

Thankfully, if you are an Alabama resident and want to buy bitcoin or other crypto, there are exchanges who will service you.

One of the easiest ways to buy Bitcoin in Alabama is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Alabama, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.

Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $145
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $72
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $189
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $79

Another way to buy Bitcoins in Alabama is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification. This makes them more private than exchanges.

You can use our Bitcoin ATM finder tool to find the one nearest you.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. Similar to craigslist, this does introduce a degree of risk,. You can minimize that risk by conducting all business on the platform, making use of its escrow services, and only trading with users who have a good reputation.


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Top Bitcoin & Cryptocurrency Exchanges in Alabama


Alabama has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Alabama
  • eToro exchange logo
    eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • coinbase exchange logo
    Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • coinbase pro logo
    Coinbase Pro
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees
    • Run by Coinbase

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Best Bitcoin Wallets for Alabama



There are three main types of Bitcoin wallet and all of them are supported in Alabama:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


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Ethereum How to Buy Ethereum in Alabama


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Alabama that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.


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Dogecoin How to Buy Dogecoin in Alabama


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


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Litecoin How to Buy Litecoin in Alabama


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Alabama that allow you to buy litecoin and other crypto assets for good exchange rates.


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Hacks and Crypto Scams in Alabama


In June of 2020, Florence City, Alabama faced a ransomware attack of its public computer system. The city's mayor announced that the attackers demanded a ransom in return of all the stolen information about its citizens and workers. In order to protect its citizens, The City Council voted for the payment out of city’s insurance fund.

News title about Alabama's ransomware attack

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FAQ


Does Binance Work in Alabama?

Binance homepage

Yes, Binance is available for customers in Alabama.

However, you cannot simply go to binance.com and sign up for an account.

Binance has a special website for US based customers at Binance.us

Due to US regulations, Binance US is more strict about handling KYC and AML of new customers.

This just means that verification may take a little longer than it would on regular Binance.

The biggest difference between Binance US and regular Binance is the coin support as well as some of the features available to users.

Because of this, you shouldn’t just look at the supported coins listed on binance.com and assume Binance US will sell it to you. It’s a good idea to make sure that the Binance US coin support list shows the coin you want to buy.

Does Coinbase work in Alabama?

coinbase homepage

User in Alabama can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in Alabama?

gemini homepage

Users in Alabama can use all of Gemini’s products and services.

Does Coinmama work in Alabama?

coinmama homepage

Users in Alabama can use all of Coinmama’s products and services.

Does Kraken work in Alabama?

kraken homepage

Users in Alabama can use all of Kraken’s products and services.

Where Can I Find a Bitcoin ATM in Alabama?

The best way to find a Bitcoin ATM in Alabama is to use our Bitcoin ATM finder tool.

Here, you can filter by any of the most popular cryptocurrencies and find ATMs that support buying, selling, or both.

How can I pay Alabama Power with Bitcoin?

Alabama Power does not currently accept Bitcoin as payment for power bills.

How do I cash out of Bitcoin in Alabama?

Any exchange listed above will allow you to sell your Bitcoin for fiat currency.

Another way to sell Bitcoins in Alabama is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

And, as mentioned previously, you can also use LocalBitcoins.

About the Author: Jordan Tuwiner

author

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.