Buy Bitcoin & Crypto in Arkansas

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

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 Arkansas
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • Coinbase Pro
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees
    • Run by Coinbase

CoinbaseCoinbase 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.

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
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

CoinmamaCoinmama 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.

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
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

CEX.ioCEX.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.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
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Ease of Use
Average
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
Average
Buy Bitcoin Read Review

Coinbase ProCoinbase Pro 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.

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
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin Read Review

GeminiGemini 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.

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
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Fees
Low
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Reputation
Trusted
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Limits
High
Buy Bitcoin

BitcoinIRABitcoinIRA Buy Bitcoin

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

BitcoinIRA is a US licensed IRA custodian, so you know your IRa is in full compliance with the Federal Government.

We may receive compensation when you use BitcoinIRA. Please visit BitcoinIRA for its exact pricing terms.

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

KrakenKraken 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.

Pros
  • 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
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

Swan BitcoinSwan 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.

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

LocalBitcoinsLocalBitcoins 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.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • 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
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Ease of Use
Hard
privacy icon
Privacy
High
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Bitcoin Read Review

BitQuickBitQuick 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.

Pros
  • 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
Cons
  • 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
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Ease of Use
Average
privacy icon
Privacy
High
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
Average
Buy Bitcoin Read Review

Bitcoin ATMsBitcoin 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%.

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 Bitcoin

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Bitcoin & Cryptocurrency Trading in Arkansas


Arkansas is not known as a hotbed of cryptocurrency technology, yet the Natural State has its fair share of local initiatives.

One Little Rock-based cryptocurrency firm launched an Initial Coin Offering (ICO) in 2018 on the tail end of the ICO craze. FreedomCoin bills itself as a quicker and more secure alternative to money orders and checks, with 1.9% transaction fees. You earn reward points for each dollar you spend, and can earn bonus points for signing up family and friends. There are over 90,000 items you can buy using FreedomCoin on GunBroker.com, thought it's unclear if any other merchants accept the Bitcoin derivative.

While Bitcoin has hardly found its most ardent supporters in law enforcement communities, one sherrif in Arkansas is utilizing the cryptocurrency to fight online crime. The Benton County Sherrif, located in the far northwest corner of Arkansas, began to mine Bitcoin in their office. Detective David Undiano said that the pilot program would help investigators pursue criminals they would have otherwise not had the means to track down. Dark web criminals mostly accept payment in Bitcoin, which is not something the sherrif's department can charge to the office credit card. By mining their own Bitcoin, investigators would be able to conduct and track transactions with suspects. The public nature of the Bitcoin blockchain provides an immutable history of all transactions ever processed on it, which could serve as evidence in cases prosecuting this new breed of cybercriminals.


arkansas state flag

Luckily, as a private citizen and not a sherrif's department, you're able to spend your money on whatever you like. The best way to purchase Bitcoin in Arkansas is through one of the many reputable exchanges open for business in the state. See below for our review of the best U.S.-based and international options.

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.

Bitcoin ATMs allow you to purchase Bitcoin using cash. A Bitcoin ATM transaction takes just a matter of minutes, making it one of the quickest ways to turn your cold hard cash into 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 important. Read on to find out more about the best Bitcoin and cryptocurrency wallets.


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Top Bitcoin & Cryptocurrency Exchanges in Arkansas


Arkansas has access to many large Bitcoin and cryptocurrency exchanges.

Take a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in Arkansas
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • 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 Arkansas



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

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

Visit Website

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

atomic wallet logo

Atomic Wallet

Best for storing crypto for short period of time

Learn More

Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

Learn More

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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Hacks and Crypto Scams in Arkansas


As in countless other jurisdictions around the world, scammers have taken advantage of Bitcoin's newness and the relative lack of mainstream knowledge regarding the cryptocurrency to defraud potential investors in Arkansas. Recently, the Arkansas Securities Commissioner filed a cease and desist motion against Vekx Global LLC. Vekx, which was purportedly operating from a location in Little Rock, had been fraudulently offering cryptocurrency mining investments and promising high returns at fixed rates. The Arkansas Securities Department received a number of complaints from investors who had not received the guaranteed returns.


arkansas state flag
The cease and desist letter to Vekx Global

Upon investigation, the Department found that Vekx had never even occupied the office in which it claimed to be doing business. Securities Commissioner Eric Munson reminded investors that "Promoters of fraudulent investments often go to great lengths to create the appearance of legitimacy. Investors should use due diligence to uncover and stay one step ahead of scams. Any time one is promised a guaranteed return on an investment, especially sounding too good to be true, it’s likely fraud.”

A more menacing scheme affected some Arkansans in late 2018, where innocent victims received emails threatening to detonate a bomb if a ransom was not paid to the extortionists in Bitcoin. The Arkansas Attorney General's office recieved a number of calls in relation to the threats, and cautioned recipients to contact police and avoid paying any ransom. The FBI opened an investigation into the matter and reported that it was part of a nationwide scam. It did not see the threats as credible, and no instances of any bombs being discovered or detonated were reported.


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FAQ


Does Coinbase Work in Arkansas?

coinbase homepage

Coinbase is available to Arkansan Bitcoin investors.

Does Gemini Work in Arkansas?

gemini homepage

Gemini is available in Arkansas.

Does Coinmama Work in Arkansas?

coinmama homepage

Yes, Coinmama is available in Arkansas.

Does Kraken Work in Arkansas?

kraken homepage

Kraken is open for business in Arkansas.

Where Can I Find a Bitcoin ATM in Arkansas?

The best way to find a Bitcoin ATM in Arkansas is to check out the map below from our Bitcoin ATM locator.

You can also use a site like CoinATMRadar, which allows you to view the closest Bitcoin ATMs to you and even check see prices for supported digital assets.

bitcoin atm map arkansas

Where Can I Buy Bitcoin in Arkansas?

You can buy Bitcoin in Arkansas from any one of the many quality exchanges that serve residents of the state. Other options include peer-to-peer marketplaces such as LocalBitcoins, and Bitcoin ATMs that accept cash. See above for an outline of the best cryptocurrency exchanges and wallets avalable in Arkansas.