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Coinbase Pro 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.
BlockFi
Blockfi is a Bitcoin and crypto trading and interest platform. Blockfi allows you to purchase Bitcoin, Ether, Litecoin and many other coins.
Blockfi's most popular feature is the ability to earn interest on crypto. This means once you buy, you will start to earn interest on whatever coins you store in Blockfi. You can also deposit crypto you already own and earn interest.
Get up to $250 in free crypto when you make your first purchase.
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.
Get $20 of free BTC after trading $100 or more within 30 days.
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.
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%.
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House Bill 1379 in Florida defines cryptos and prohibits laundering of virtual currency. Thanks to tough legal requirements, selling Bitcoin in the state requires a Money Services license in addition to the maintenance of an anti-money laundering program.
Such restrictions make Florida a difficult state to do Bitcoin-related businesses in. Mining activity in the state is also limited. There are some small companies mining cryptocurrencies in the state but no major corporation has started a mining hub.
Despite this, there appears to be some support from politicians. Alison Foxall, for example, accepted contributions via Bitcoin while campaigning. Adrian Whyllie, who ran for governor in the state in 2014, is another big name who openly supports the use of Bitcoin.
If you do want to buy Bitcoin in Florida, one of the easiest ways is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Florida, and you can easily select one based on your requirements and preferences using our guide. Different exchanges have different transaction fees, withdrawal limits, payment modes, and verification processes that need to be kept in mind before users select one.
Additionally, Bitcoin buyers need to keep in mind the fact that certain exchanges might require them to get a wallet of their own before they are able to buy the digital currency. Also, it is recommended to have a wallet of your own for security reasons, preferably a hardware wallet. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.
COMPARISON
Another way to buy Bitcoins in Florida is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. This makes them more private than exchanges.
LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.
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Florida has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
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There are three main types of Bitcoin wallet and all of them are supported in Florida:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.
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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In mid-2020, a Florida teenager alledgedly gained access to Twitter's backend adm inistrative dashboard with the help of two accomplices (neither of which worked for twitter). With this access, the teen was able to control any twitter account he wanted.
He used this access to send tweets out using famous personalities, such as Joe Biden, Bill Gates, and Elon musk. In the tweets, he told followers to send Bitcoin to an address so he could send them back double what he received.
In total, the teen stole around $100,000 worth of Bitcoin before being shut out by Twitter.
Ultimately, the teen was caught and is facing 30 felony charges.
If any famous person asks you to send them Bitcoin, on twitter or elsewhere, it is best to assume the celebrity is being impersonated by a hacker. Do not send them Bitcoin.
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Yes, Binance is available for customers in Florida.
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.
User in Florida can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Users in Florida can use all of Gemini’s products and services.
Users in Florida can use all of Coinmama's products and services.
Users in Florida can use all of Kraken’s products and services.
The best way to find a Bitcoin ATM in Florida is to use our Bitcoin ATM finder tool.
Here, you can filter by any of the most popular cryptocurrencies and find ATMs that support buying, selling, or both.
Bitcoin is accepted at lots of stores and service providers all over Florida. So many, in fact, that we couldn't possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.
Source: CoinMap.com
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.
Bitcoin IRA
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