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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.
- Popular Exchanges to Buy Bitcoin & Crypto in Alaska
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Coinbase- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
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Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
Coinbase Popular Buy Bitcoin Read Review
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.
We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
- Purchases made with bank transfer can take up to 5 days to complete
- Coinbase may track how and where you spend your bitcoins
Coinmama Popular Buy Bitcoin Read Review
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.
We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
- Some of the highest fees among credit/debit card bitcoin brokers
CEX.io Buy Bitcoin Read Review
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.
We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.
- Support for many countries and regions
- Low 0.2% trading fee
- Established and trusted exchange
- Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
- GBP market lacks liquidity
Coinbase Pro Popular Buy Bitcoin Read Review
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.
We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.
- Some of the lowest fees available for US and EU customers
- Possible to buy bitcoins for 0% fees
- User interface is confusing for first time buyers
Kraken Buy Bitcoin Read Review
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.
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
- Requires ID verification, so not private
Gemini Buy Bitcoin
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.
- 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
- Somewhat confusing to use for new buyers
- Not yet available in all US states
Swan Bitcoin Buy Bitcoin
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.
- Easy to set up
- Automated dollar cost averaging
- Very low fees
- First purchase takes awhile
- No way to sell on platform
LocalBitcoins Popular Buy Bitcoin Read Review
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.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
BitQuick Popular Buy Bitcoin Read Review
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.
We may receive compensation when you use BitQuick. Please visit BitQuick for its exact pricing terms.
- One of the fastest ways to buy bitcoins
- More physically secure than other cash payment methods as one pays the money to a bank teller
- 2% fees for buyers are somewhat high for cash trading
- Prices vary and can be much higher (or even lower) than the current Bitcoin price
Bitcoin ATMs Buy Bitcoin
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%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
The State of Bitcoin in Alaska
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Chapter 1
Bitcoin & Cryptocurrency Trading in Alaska
Alaska is one of the top 5 US states that is falling behind on Bitcoin and other digital currencies. At the moment, there isn't a single Bitcoin ATM or teller in the state. Simply put, people don't have anywhere to buy or sell their Bitcoin, only online.
A report by Crescent Electric Supply Company on bitcoin mining in the US puts Alaska in the company of Hawaii, Connecticut, Massachusetts, and New Hampshire. These are the worst US states for mining as the costs are far too great.
Isolated states have it worse than others because they don't have a developed energy infrastructure. Not only are their energy rates are really high, but it's also difficult to supply energy for large Bitcoin mining farms. Alaska has an average cost per mining a single Bitcoin at $7,059, with only Hawaii being more expensive at $9,483.
Alaska defines digital currencies as digital units meant for exchange that rely on decentralized repositories. They have a pending bill HB 180, which was referred to authorities in 2018. If this bill passes, those companies that deal with digital coins will be regulated as currency exchange or money transmitters who need an adequate license.
At the moment, Alaska is a gray state without any Bitcoin regulation. However, mining is really poor, and there are only a small number of individuals who engage in such practices. At the same time, Bitcoin payments are popular in Alaska. But if you want to invest in mining or trading Bitcoin, there are many better states in the US to do so.
One of the easiest ways to buy Bitcoin in Alaska is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Alaska, 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
Local Bitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. Local Bitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
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Chapter 2
Top Bitcoin & Cryptocurrency Exchanges in Alaska
Alaska has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
- Popular Exchanges to Buy Bitcoin & Crypto in Alaska
- Coinbase
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
- Coinmama
- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
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Chapter 3
Best Bitcoin Wallets for Alaska
There are three main types of Bitcoin wallet and all of them are supported in Alaska:
- 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
Secure storage for any cryptocurrency
Visit WebsiteThe Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Temporary Wallet
Atomic Wallet
Best for storing crypto for short period of time
Learn MoreAtomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
Best for Desktop
Electrum
Simple yet powerful desktop wallet
Learn MoreElectrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
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Chapter 4
Hacks and Crypto Scams in Alaska
Crypto Alasks Ltd.
Cryto Alaska is known ponzi scheme running out of another country (currently unknown). The scheme targets Alaska residents and guarantees to double any Bitcoin investment in 24 hours.
It should go without saying, but any service or investment opportunity that guarantees to double your money (especially in 24 hours) is either running a ponzi scheme (where they pay you out of new investor funds) or, in this case, they just accept your bitcoins and never talk to you again.
Do not send these scammers any of your cryptocurrency.
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Chapter 5
FAQ
Does Coinbase work in Alaska?
Users in Hawaii cannot use any of Coinbase’s services.
User in Alaska can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
- Bank Account
- Deposit
- PayPal
- Credit Card
Does Gemini work in Alaska?
Users in Alaska can use all of Gemini’s products and services.
Does Coinmama work in Alaska?
Users in Alaska can use all of Gemini’s products and services.
Does Kraken work in Alaska?
Users in Alaska can use all of Kraken’s products and services.
What Alaska banks and credit unions are compatible with Bitcoin?
Currently, no banks or credit unions in Alaska will accept Bitcoin deposits. Alaska has a long way to go until we see any sort of legislation allowing traditional banking institutions to cusotdy Bitcoin or other cryptocurrencies for its customers.
Where Can I Find a Bitcoin ATM in Alaska?
There are currently no Bitcoin ATMs in Alaska. The best way to find out if one is ever opened it to use our handy map.
Here, you can filter by any of the most popular cryptocurrencies, find ATMs that support buying, selling, or both, and find stores and merchants that offer crypto services.
