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Louisiana’s House of Representatives supported the Virtual Currency Businesses Act (VCBA) that offered licenses for crypto businesses, provided a clear regulatory framework for them, and defined crypto-related terms. However the VCBA still needed approval from the State Senate and the Committee on Commerce, Consumer Protection, and International Affairs.

A view of the city of Baton-Rouge - the capital of Louisiana

On the 1st of August 2020, the bill became law, allowing those who obtained licences to engage in crypto business with Louisiana’s residents. The law states that those who either use crypto as a payment method for personal interest do not need a license, or whose volume of virtual currency trading does not exceed $35,000 annually.

Then again, in April of 2021, the Louisiana State House adopted a resolution that encourages the state and local government to use the technology in agency transactions. Also included in the resolution was praise for Satoshi Nakamoto, the founder of Bitcoin.

So if this makes you feel better about purchasing Bitcoin, one of the easiest ways to buy is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Louisiana, 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.

Another way to buy Bitcoins in Louisiana 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. This makes them more private than exchanges.

You can use our Bitcoin ATM finder tool to find the one nearest you.

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. Similar to craigslist, this does introduce a degree of risk,. You can minimize that risk by conducting all business on the platform, making use of its escrow services, and only trading with users who have a good reputation.

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

• 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.

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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 Louisiana that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.

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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.

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

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In 2018, the attorney general of the U.S. state of Louisiana declared that his office was conducting an investigation against former staffers for using official resources to mine cryptocurrencies. The employees denied the allegations. Yet, there were real concerns that the computers might had been compromised.

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Louisiana is one of the best states in the US to mine Bitcoin since Louisiana has the cheapest electricity in the Union. That is according to a study done by Crescent Electric in 2018.

Check the map below to see how much it would cost to mine one Bitcoin in Louisiana:

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Does Binance Work in Louisiana?

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

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.

Does Coinbase work in Louisiana?

User in Louisiana can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

• Bank Account
• Deposit
• PayPal
• Credit Card

Does Gemini work in Louisiana?

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

Does Coinmama work in Louisiana?

Users in Louisiana can use all of Coinmama’s products and services.

Does Kraken work in Louisiana?

Users in Louisiana can use all of Kraken’s products and services.

Does Kucoin work in Louisiana?

As of now, Kucoin does not accept customers from any US state, including Louisiana.

Where Can I Find a Bitcoin ATM in Louisiana?

The best way to find a Bitcoin ATM in Louisiana 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.

How do I cash out of Bitcoin in Louisiana?

Any exchange listed above will allow you to sell your Bitcoin for fiat currency.

Another way to sell Bitcoins in Louisiana is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

And, as mentioned previously, you can also use LocalBitcoins.

You could also use a service like eGifter to sell your Bitcoin for gift cards

What Bitcoin mining companies are located in Louisiana?

Coin Bayou is located in Norco, Louisiana.