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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.
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.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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'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.
Colorado has access to many large Bitcoin and cryptocurrency exchanges.
Take a look at our favorites below:
There are three main types of Bitcoin wallet and all of them are supported in Colorado:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Atomic wallet is a multicurrency mobile wallet with a beautiful interface and easy to use features.
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.
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 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.
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.
Yes, Coinbase is open for business in Colorado.
Gemini is available in Colorado.
Yes, Coinmama is available to Coloradan Bitcoiners.
Kraken - the U.S.'s second largest exchange - is open for business 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.