Buy Crypto & Bitcoin in Arizona

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  • Popular Exchanges to Buy Crypto & Bitcoin in Arizona
  • 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
fees icon
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
privacy icon
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

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Bitcoin & Cryptocurrency Trading in Arizona


Bitcoin in Arizona is free from restrictive legislation, meaning you can buy, sell, and transact with cryptocurrency without any state-level regulations. The state's money transmitter laws make no reference to any virtual currencies, and the Arizona Department of Financial Institutions has not released any guidelines relating to Bitcoin so far.

The state legislature has made some promising moves toward crypto adoption and recognition. One bill proposes to allow Arizonans to settle their income tax debts using Bitcoin, while another aims to regulate the Wild West of Initial Coin Offerings (ICOs). In addition, digital signatures and smart contracts are recognized as valid legal documents after a vote passed in the House of Representatives.

In addition to lawmakers, Bitcoin has caught the interest of others in the Grand Canyon state. One Phoenix payroll management company allows employees to receive their salary in Bitcoin, and it also allows them to invest part of their 401k in the cryptocurrency.

In April 2021, Autoline Industries started allowing employees to have a portion of their paychecks paid in Bitcoin. The company said they are doing this as a perk to employees, and are hoping to attract talent from other larger companies in the area.

This all points to a bright future for Bitcoin and cryptocurrency in Arizona.

The best way to get your hands on some Bitcoin is to purchase it from an exchange. There are a number of highly-reviewed U.S. and international exchanges available in Arizona, all of which we go through below.

Another option is to use LocalBitcoins, which is a peer-to-peer marketplace where you can organize trades with other individuals who are looking to buy or sell Bitcoin. This means that you can use any payment method you on which you both agree. PayPal, bank transfers, and gift cards are some of the most common on the site.

Finally, Bitcoin ATMs allow you to purchase - and often sell - Bitcoin using cash. A Bitcoin ATM transaction is done in a matter of minutes, making it one of the quickest ways to turn the cash in your wallet into cold hard cryptocurrency in your (virtual) wallet.

Regardless of how you obtain your Bitcoin, you'll need to store it securely. If you lose your funds, Bitcoin's trustless and decentralized nature there's no one you can turn to. This means that storing it safely in a wallet is of utmost importance. Read on to find out more about the best Bitcoin and cryptocurrency wallets.


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Top Bitcoin & Cryptocurrency Exchanges in Arizona


Arizona has access to many large Bitcoin and cryptocurrency exchanges.

Take a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Arizona
  • 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 Arizona



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

  • 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 Arizona


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 Arizona 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 Arizona


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 Arizona


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


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Hacks and Crypto Scams in Arizona


Arizona, like anywhere else, has seen its own local versions of Bitcoin and cryptocurrency scams. Paradise Valley police warned locals of a blackmailing scheme making the rounds, where letters would come in the mail threatening that the anonymous extortionist "[knew] about the secret you are keeping from your wife and everyone else." The letter requested payment in Bitcoin to avoid this "secret" being disclosed.

A more flashy and elaborate scheme unraveled in January 2020 when the founders of Zima Digital Assets were arrested by the Secret Service and charged with conspiracy to commit wire fraud and money laundering. ZDA - as it was called - presented itself as a hedge fund focusing on algorithmic cryptocurrency trading.

zima ponzi news

Source: ABC15 Arizona


At one point, they claimed to have over $1 billion in assets under management. ZDA touted their "array of exotic proprietary trading strategies, including but not limited to arbitrage opportunities, 80 long / 20 short, binary options positions, event-based trading in addition to leverage and margin application."

Zima - which stands for Zero Is My Algorithm - was founded by John Michael Caruso and his friend Zach Salter. Caruso's father - John Caruso Sr. - is alleged by the FBI to be part of the Colombo Mafia family in New York. Caruso Jr. (also known by his Instagram handle Kryp+0 K!ng) spent time in and out of jail before founding Zima, mostly for petty fraud including falsifying loan documents and rental applications.

Zima was incorporated in 2018 and paid out handsome profits to early investors even during that year's crypto bear market. Caruso was doing well too: he rented an $8 million mansion in Paradise Valley and took numerous private jet flights to Las Vegas, where he lost $1.4 million in a year where he reported just $22,000 of income.

The high-life lasted for more than a year, during which time Caruso was profiled by publications like Cigar Aficionado and Business Insider, with the latter proclaiming him "the Michael Jordan of Algorithmic Cryptocurrency Trading.” The scheme attracted at least $15 million from all sorts of investors, including retired seniors and ex-MLB players.

That's because Caruso worked very hard to appear successful for other, with pictures like this.

caruso in front of luxury cars

Yet Zima was a textbook Ponzi scheme. In fact, prosecutors allege that not a single cent of the money Caruso & Co. received from investors ever went toward purchasing cryptocurrency. Instead, it funded the lavish lifestyles that they flaunted on Instagram. Following two anonymous tipoffs, social media gave investigators all the evidence they needed to conclude that something fishy was going on. After probing deeper, they found that Caruso and Salter had racked up $670k of credit card debt, $700k in private jet and luxury car rentals, $110k on jewelery and designer clothes, and $150k on rent for the Paradise Valley mansion. All of this came from investor funds, not from cryptocurrency earnings as they claimed.

Caruso and Salter were arrested on January 30 and are awaiting trial. While their ultimate fate remains unclear, one thing is for sure: investors in their Ponzi scheme will be lucky to see a dollar of their money returned.


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FAQ


Does Binance Work in Arizona?

Binance homepage

Yes, Binance is available for customers in Arizona.

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 Arizona?

coinbase homepage

Yes, Coinbase is open for business in Arizona.

Does Gemini Work in Arizona?

gemini homepage

Gemini is available in Arizona.

Does Coinmama Work in Arizona?

coinmama homepage

Yes, Coinmama is available to Arizonan Bitcoiners.

Does Kraken Work in Arizona?

kraken homepage

Kraken - the U.S.'s second largest exchange - is open for business in Arizona.

Where Can I Find a Bitcoin ATM in Arizona?

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

You can view the closest Bitcoin ATMs to you, and even view live prices for supported digital assets.

The laws that regulate Bitcoin ATM ownership and operation in the U.S. are twofold: state and federal. As Arizona has no laws specifically pertaining to Bitcoin ATMs, the only applicable laws are federal. The major piece of relevant legislation is the Bank Secrecy Act of 1970 (BSA). The BSA sets certain requirements for financial institutions to assist federal agencies combat money laundering, tax evasion, and other crimes. It notably introduced the requirement for institutions to report transactions above $10,000 in value.

Operating a Bitcoin ATM is classified as a money service business (MSB). Operators must register as such with the Financial Crimes Enforcement Network (FinCEN). This is a relatively straightforward process: it can be done online within 180 days of commencing business, and must be renewed every two years. Operators must also keeps records of transactions, collect customer identification, and report to federal agencies when certain red flags are raised.

Additionally, owners must develop and put into practice a comprehensive anti-money laundering (AML) strategy. This must address and include the four pillars defined by FinCEN:

  1. Policies, procedures, and internal controls designed to ensure ongoing compliance;
  2. Designation of individual(s) responsible for coordinating and monitoring day-to-day compliance;
  3. Training for appropriate personnel; and
  4. Independent review to monitor an adequate program

As each case is different, you'll want to speak with a lawyer who specializes in financial regulation to get legal advice tailored to your situation.

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.