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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.
Limited time offer: Get $10 free once you trade $100 worth of cryptocurrency.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. 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, UK, Singapore, and Canada.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.
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.
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.
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.
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.
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.
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 458 Bitcoin ATMs in Alabama, including Bitcoin Depot, RockItCoin, and ByteFederal. They are located throughout the state with 121 in Birmingham alone. Almost all the ATMs are buy-only with only 17 select ATMs allowing you to sell and these are located around Montogomery, Mobile, Birmingham, and Huntsville.
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 November 2021, state regulators issued cease and desist orders to 96 crypto trading platforms it considered fraudulent. To be safe only use the exchanges listed above.
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.
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.
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.
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.
There are three main types of Bitcoin wallet and all of them are supported in Alabama:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Coinbase is an easy-to-use iOS and Android crypto exchange and wallet. Start within 20 seconds.
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.
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.
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.
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.
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.
User in Alabama can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Users in Alabama can use all of Gemini’s products and services.
Users in Alabama can use all of Coinmama’s products and services.
Users in Alabama can use all of Kraken’s products and services.
As of now, Kucoin does not accept customers from any US state, including 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.
Alabama Power does not currently accept Bitcoin as payment for power bills.
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.