Buy Bitcoin & Crypto in Colorado

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 Colorado
  • eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • 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

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
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
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
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Average
reputation icon
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
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin Read Review

Bitcoin IRABitcoin IRA Buy Bitcoin

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.

We may receive compensation when you use Bitcoin IRA. Please visit Bitcoin IRA 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
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Bitcoin

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
privacy icon
Privacy
Low
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Speed
Slow
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
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
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
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
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
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
ease icon
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

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 Colorado


Colorado has some of the most favorable Bitcoin and cryptocurrency laws in the United States.

The state's governor - Jared Polis - was the first U.S. representative to accept campaign donations in Bitcoin. In 2019, he signed into law Colorado's Digital Tokens Act. The Act clarifies many uncertainties relating to cryptocurrency business dealings and exempts them from the state's securities regulations as long as they are intended for a "consumptive purpose." This means that transacting in Bitcoin is not subject to securities regulation, though speculative trading and investment remain governed by those laws.

(III) Colorado has become a hub for companies and entrepreneurs that seek to utilize cryptoeconomic systems to power blockchain technology-based business models;

...

(c) [The] Colorado Digital Token Act, with limitations to protect consumers, will enable Colorado businesses that use cryptoeconomic systems to obtain growth capital and expand their businesses, thereby promoting the formation and growth of local companies and the accompanying job creation and helping make Colorado a hub for companies that are building new forms of decentralized "Web 3.0" platforms and applications.

Colorado Senate SENATE BILL 19-023, "Digital Tokens Act"

Colorado's pro-crypto laws and consumer protections means that it's a great state in which to do business.

The best way to buy Bitcoin in Colorado is by using one of the many great exchanges available in the state, which are reviewed below.

You can also use Bitcoin ATMs if you're looking to turn your cash into crypto quickly.

LocalBitcoins is another alternative. It's a peer-to-peer marketplace that supports many different payment methods, from cash in person, to bank transfers, and a range of gift cards, including Steam and Amazon.

No matter where you buy your Bitcoin, you're going to need to store it somewhere. Exchange wallets are the riskiest option, and there are much more secure options out there that suit a range of needs, from easy to use software wallets to top of the line hardware wallets.


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Top Bitcoin & Cryptocurrency Exchanges in Colorado


Colorado has access to many large Bitcoin and cryptocurrency exchanges.

Take a look at our favorites below:

  • Popular Exchanges to Buy Bitcoin & Crypto in Colorado
  • eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • 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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Best Bitcoin Wallets for Colorado



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

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 Colorado


Despite the state's favorable attitude to Bitcoin, there have been a number of cryptocurrency-related scams in Colorado by people looking to make a quick buck.

One notable case occured in 2018, when the Colorado Department of Transport was hit by a ransomware attack. Ransomware typically involves hackers gaining access to an organization's internal computer systems, encrypting all their files, and demanding payment in cryptocurrency in order to unlock the files.

This particular ransomware attack - named SamSam - encypted files and renamed them "I'm sorry." A hospital in Indiana paid $55,000 to the hackers in order to regain access to their documents.

A spokeswoman for the CDoT said that they didn't plan on paying a single cent of the requested ransom, and that the Department had robust backup measures to counter this sort of attack. Over 2,000 computers were affected, though service was restored after McAfee released a patch for their security software that addressed the ransomware virus.

ransomware hand over cash

In another scam that netted a whole lot more than $55k, three men including a Coloradan were arrested over what authorities allege was a $722 million Ponzi scheme.

The co-conspirators ran a mining pool called BitClub Network from April 2014 through to December 2019. But instead of being a legitimate mining operation, Bitclub Network was a classic Ponzi. It had all the hallmarks: promising outsized returns (up to 12% daily) and offering rewards for signing up new investors.

bitclub network homepage

Bitclub Network funded the men's lavish lifestyles for more than five years, until they were charged with conspiracy to offer and sell unregistered securities and conspiracy to commit wire fraud. The first charge carries up to five years in federal prison, while the wire fraud charge could land the men behind bars for up to 20 years.


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Bitcoin Mining in Colorado


bitcoin mining in colorado

Mining has been a mainstay of Colorado's economy for more than 100 years. While the western half of the state is rich on gold and silver deposits, a new kind of mining has taken hold in Colorado in the last decade.

MGT Capital Investments, LLC. announced in 2019 that they would be relocating 6,300 S9 Antminer Bitcoin mining rigs from their previous home in northern Sweden to a new facility in Colorado Springs.

The Colorado Springs facility began operations with an initial capacity of 10 MW, and MGT plans to expand that by another 30 MW to a total of 40 MW.

MGT joined 3G Ventures - a California-based company whose operation is also located in Colorado Springs - as the largest Bitcoin miners in the state.


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FAQ


Does Coinbase Work in Colorado?

coinbase homepage

Yes, Coinbase is open for business in Colorado.

Does Gemini Work in Colorado?

gemini homepage

Gemini is available in Colorado.

Does Coinmama Work in Colorado?

coinmama homepage

Yes, Coinmama is available to Coloradan Bitcoiners.

Does Kraken Work in Colorado?

kraken homepage

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

Where Can I Find a Bitcoin ATM in Colorado?

The best way to find a Bitcoin ATM in Colorado is to look at the map below or use a site like CoinATM Radar.

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

bitcoin atms colorado