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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
eToro is a trading platform based in the United States. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer or ACH. It also offers unique features like copy trading.
Your capital is at risk.
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 (besides Germany), UK, Singapore, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
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.
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
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.
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
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.
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.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
BitQuick is one of the fastest ways to buy bitcoins in the United States using cash deposit. Users can browse a wide range of offers at various prices. Once a desired offer is found, buyers visit a bank to make a cash deposit into the seller's account. Buyers then usually receive their bitcoins within an hour.
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%.
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's efforts, it doesn't come as a surprise that its crypto laws are very strict.