Buy Crypto & Bitcoin in Connecticut

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  • Popular Exchanges to Buy Crypto & Bitcoin in Connecticut
  • 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
ease icon
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
ease icon
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 Connecticut


Connecticut is unique in the United States in that its money transmitter laws require all parties engaging in a transaction to obtain a money transmitter license. This even applies if you're just buying or selling Bitcoin with another individual.

Connecticut passed a bill in 2018 that defined "virtual currencies" and explicitly stated that Bitcoin and other virtual currencies fall under the existing money transmitter laws.

The Connecticut Department of Banking outlined its "no-action position" on Bitcoin transactions between parties that do not hold money transmitter licenses, as long as they meet certain requirements. This no-action position does not mean that these transactions are completely legal according to the letter of the law, it just means that the Department will not pursue action against the parties engaged.

All this to say that the state of Connecticut does not have the most favorable view of Bitcoin in the nation.

Despite these regulations, it's still possible to buy Bitcoin in the Nutmeg State. Many larger exchanges have applied for and received the necessary licenses that allow them to provide virtual currency services. If you go through one of these exchanges - which are reviewed below - you won't need to obtain a license for yourself. This is the easiest way to buy Bitcoin in Connecticut.

In July 2021, another way to purchase Bitcoin came to Connecticut. Coinstar announced that kiosks at certain grocery store locations in the state would allow the purchase of Bitcoin. There is a 4% fee for the bitcoin purchases at the kiosks, and the bitcoin price may be higher or lower than the bitcoin price available at exchanges.

Also available is the option 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 both agree to. PayPal, bank transfers, and gift cards are some of the most common on the site.

Bitcoin ATMs allow you to purchase Bitcoin using cash. There are dozens of Bitcoin ATMs in Connecticut, meaning you should be able to find one close to you. A Bitcoin ATM transaction is done in 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 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 Connecticut


Despite its money transmitter license requirements, Connecticut has access to many large Bitcoin and cryptocurrency exchanges.

Take a look at our favorites below:

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



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

  • 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 Connecticut


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 Connecticut 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 Connecticut


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.

  • Exchanges in Connecticut that Support Dogecoin
  • eToro
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc
    BUY Dogecoin NOW at eToro's Secure Site
  • Coinbase
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc usdt
    BUY Dogecoin NOW at Coinbase's Secure Site
  • Gemini
    • Supports Dogecoin buying & selling
    • Coins supported:
    • Dogecoin btc eth ltc usdt
    BUY Dogecoin NOW at Gemini's Secure Site

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 Connecticut


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


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Hacks and Crypto Scams in Connecticut


Bitcoin and crypto scams are less about the technology and more about facilitating already criminal behavior, just like cash. While once criminals demanded ransoms in cash, many are now turning to crypto to help cover their tracks. This is the idea behind "ransomware," where hackers attack large institutions, encrypt their files, and demand payment before unlocking them.

A more personal form of extortion struck Connecticut a few years ago. Letters arrived at a number of households in Farmington, Ridgefield and Redding, demanding payment or else they or a family member would be killed. The letters included detailed instructions for purchasing Bitcoin and sending it to the perpetrators's address.

You do not know who we are, but we have been tracking you and your loved ones for a while now.We know your schedules. We know where you all live and spend your time. We also know how to kill any one of you without being caught. Now XXX, don’t panic. This isn’t personal. You did nothing to deserve this. You were just one of a handful of families unfortunate enough to draw our attention. However, nobody has to die. Allow us to explain.

You have until 12:00 PM on February 13, 2015 to pay us $2,000. If you do not comply with that simple demand, the following will happen: we will kill you, XXX, or someone else to whom you are close. Or you can simply pay us the $2,000. To make the payment do the following.

1. Open an account at any online Bitcoin exchange, such as Bitstamp.net or Coinbase.com

2. Deposit $2,000 into that account. Do not wait until the last minute to do this. It will likely take you about a week to open an account, get it verified, and process the transaction.

3. Use the entire $2,000, minus whatever small fee the exchange charges, to purchase Bitcoins on the exchange. If you are unsure about the process of buying Bitcoins, Google it.

4. Withdraw all Bitcoin you purchased to the following Bitcoin address: 19vcdWcV4J8bhH7j3igHZ5q4WGT2UX5V2S. Be sure to type all 34 characters of that Bitcoin address in EXACTLY. It is case sensitive. The first character is a number “one”, NOT a lowercase “L”.

You are finished. Breathe easy, and live your life in peace knowing you will never have to deal with us again.

Local police said that the letters were unusual in that they were posted via USPS, not email or another form of more anonymous communication. They were also well-written and contained personal information of the intended victims. Letters sent to Farmington were postmarked from as far away as Austin, Texas and Jacksonville, Florida.

Another attempt at extortion in Connecticut also had scammers using Bitcoin as their preferred method of payment. A South Windsor woman received a call which informed her that the federal government was looking for her. The man on the phone recited her complete Social Security number and said that it had been stolen and was being used by a woman in El Paso, Texas.

He then connected her to a woman who identified herself as a member of the Manchester Police Department. This woman advised the confused recipient of the original call to cooperate and do whatever was requested. The man then told her that he needed to confirm her identity, which she could do by withdrawing money from her bank account, using a Bitcoin ATM to purchase Bitcoin, then sending it to a specified address.

Luckily, the woman called the police (the real police) who assured her that "law enforcement agencies never accept money or Bitcoin in lieu of a surrender. As a reminder, any citizen can contact their local police department to confirm if they are wanted."

As always, it pays to be cautious with unsolicted callers asking you to transfer money for any reason. Until you can pay your taxes with Bitcoin, you won't have to worry about the government requesting payment in the cryptocurrency.


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FAQ


Does Binance Work in Connecticut?

Binance homepage

As of March 2021, Binance is not available to any customers living in Connecticut.

If this ever changes, we will update this page to reflect that change.

Keep in mind that no one in the United States can ever use Binance.com.

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 Connecticut?

coinbase homepage

Having obtained a money transmitter license, Coinbase is open for business in Connecticut.

Does Gemini Work in Connecticut?

gemini homepage

Gemini is available in Connecticut.

Does Coinmama Work in Connecticut?

coinmama homepage

Yes, Coinmama is available in Connecticut. Its services are provided by a third-party platform with a money transmitter license.

Does Kraken Work in Connecticut?

kraken homepage

Like Gemini and Coinbase, Kraken has obtained a money transmitter license and is open for business in Connecticut.

Where Can I Find a Bitcoin ATM in Connecticut?

The best way to find a Bitcoin ATM in Connecticut 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.

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.