Buy Crypto & Bitcoin in Hawaii

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  • Popular Exchanges to Buy Crypto & Bitcoin in Hawaii
  • Gemini
    • One of few exchanges to support Hawaii
    • Buy Bitcoin, ETH, LTC and other crypto in Hawaii
    • One of the USA's most Trusted exchanges
    BUY NOW at Gemini's Secure Site
  • Swan Bitcoin
    • Bitcoin broker with support for Hawaii
    • Supports Bitcoin only
    • Recurring buys service
    BUY NOW at Swan's Secure Site

Buy Now at Gemini's Secure Site

Gemini is one of the most trusted crypto exchanges in the USA. It has supported Hawaiian residents since August 2020. Users can buy Bitcoin, ether, Zcash and other cryptocurrencies.

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 Now

BlockFiBlockFi
Buy Now at BlockFi's Secure Site

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.

Pros
  • Earn interest on coins
  • Extremely user-friendly interface
  • Very low fees
Cons
  • First purchase takes awhile
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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
Low
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Reputation
Trusted
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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
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Ease of Use
Hard
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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 Now

Buy Now at Kraken's Secure Site

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. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins.

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
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

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Bitcoin & Cryptocurrency Trading in Hawaii


Every year Bitcoin becomes more and more accessible and practical in everyday life. Major companies like Microsoft and Overstock have all begun accepting Bitcoin for some purchases.

While one of the primary purposes of Bitcoin was to empower users, governments have been trying their best to regulate the digital currency. This has caused unfriendly Bitcoin laws and has discouraged exchanges from doing business with people living under certain regulations.

Unfortunately, Bitcoiners in Hawaii among others, have fallen victim to these unfriendly regulations and rules.


The city of Honolulu on the Hawaiian island of Oahu

As a result, Coinbase and other major exchanges have stopped dealing Bitcoin to Hawaiians.

Purchasing Bitcoin in Hawaii is still perfectly legal. However, it’s become more complex.

The History of Bitcoin in Hawaii

To understand the struggle of buying bitcoin and cryptocurrency in Hawaii, you need some brief history first.

Up until 2016, users could buy Bitcoin in Hawaii, just like most other states. In September of 2016, Hawaii lawmakers created a law that would make it mandatory for exchanges to hold cash reserves for collateral.

If a Hawaii resident Bitcoiner owns $10,000 worth of BTC, the exchange would need to hold $10,000 of cash for the customer as well.

Exchanges that adhered to this new law would be sacrificing a lot of money just to comply with an incomprehensible rule.


Hawaii instigated a draconian money transmitter license law for exchanges

Coinbase, one of the biggest exchanges, was discouraged by the law’s impracticality — calling the regulation “untenable.”

Exchanges are still seeking a better deal with legislators to pass fairer laws regarding digital currency. To no avail, news bills and efforts have all stalled in the Hawaiian House and Senate as of October 2019.

However, in August of 2020, the Hawaii Division of Financial Institutions granted a special license-free status to 12 firms on a pilot program to see how things go in the state, so hopefully this will show regulators they do not need to stifle the growth of these firms in their state.



How to Buy Bitcoin in Hawaii

What this all means is that, while there is hope, if you’re a Hawaiian, you might have a few more struggles than the average Bitcoiner, but that shouldn’t stop from getting in on the action. There are a handful of ways for you to trade, just beware of fees and make secure trades.

Hawaiians aren’t able to use all of the same exchanges that the rest of America is privileged with, but they do have options.

You can use any of the exchanges outlined above. There are several exchanges offering Bitcoin in Hawaii, 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

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59

Another way to buy Bitcoins and altcoins in Hawaii 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 or other digital assets. 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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Top Bitcoin & Cryptocurrency Exchanges in Hawaii


Hawaii has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Hawaii
  • Gemini
    • Clean platform for advanced traders
    • Supports all US states
    • Trusted exchange

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Best Bitcoin Wallets for Hawaii



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

  • 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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Hacks and Crypto Scams in Hawaii


Fake Electric Company Threats

In August of 2018, various Hawaiian businesses began reporting calls from scammers claiming to be from various Hawaiian electric companies.



In the call, the scammers would claim the business was delinquent on their electric bill and demand payment in Bitcoin immediately or lose their electricity.

However, no Hawaiian electric company accepts Bitcoin as a form of payment so anyone who receives a phone call like this one should just hang up and ignore it.


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FAQ


Does Binance Work in Hawaii?

Binance homepage

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

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 Hawaii?

coinbase homepage

Despite Coinbase's New York BitLicense, users in Hawaii cannot use any of Coinbase’s services to buy cryptocurrency.

Does Gemini work in Hawaii?

gemini homepage

Users in Hawaii can use all of Gemini’s products and services.

Does Coinmama work in Hawaii?

coinmama homepage

Users in Hawaii cannot use any of Coinmama’s services.

Does Kraken work in Hawaii?

kraken homepage

Does Bitstamp work in Hawaii?

Users in Hawaii cannot use Bitstamp's trading platform.

How to Buy XRP in Hawaii?

Most US exchanges stopped supporting Ripple (XRP).

Where Can I Find a Bitcoin ATM in Hawaii?

There are 5 Bitcoin ATMs in Hawaii: * 1 on the island of Kauaʻi at the GreenteaHAWAII in Kapaa city. * 3 in Honolulu. * 1 at Vape Kings in Kapolei.

The best way to find a Bitcoin ATM in Hawaii 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.

Why doesn’t square sell Bitcoin to Hawaii users?

Hawaii is one of the excluded states for Bitcoin buying in Square's Cash App because of the rules in Hawaii involving sales of crypto. Square would need to hold the equivalent dollar amount of USD that you, as the user, hold in Bitcoin on their platform. This makes the service impossible to offer since the company would lose money.

How can I Buy Bitcoin in Hawaii?

The best way to buy Bitcoin in Hawaii is to create an account on one of the exchanges listed above and make a purchase on their platform, or create a profile on LocalBitcoins.com and look for offers.

How do I sell Bitcoin in Hawaii?

Just as with buying, the best way to sell Bitcoin in Hawaii is to create an account on an exchange platform that supports Hawaiians or create a profile on LocalBitcoins.com and make an offer.

Is Bitcoin illegal in Hawaii?

Bitcoin is not illegal in Hawaii. It is just very hard for exchanges to operate in the state of Hawaii because of the reserve restrictions required by law. This makes purchasing Bitcoin more difficult than it is in other states. You are, however, allowed to own, buy, and sell Bitcoin if you can find others to trade with.

About the Author: Jordan Tuwiner

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.