Buy Crypto & Bitcoin in Maryland

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  • Popular Exchanges to Buy Crypto & Bitcoin in Maryland
  • 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
    • 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
    • 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
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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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
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

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
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

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
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Ease of Use
Average
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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

CoinmamaCoinmama
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
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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 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 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
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 Maryland


An interim report was delivered in 2018 by the Financial Consumer Protection Commission. It states that Maryland needs more regulations concerning cryptocurrencies and blockchain technologies. That is because companies in Maryland that deal with cryptocurrencies don't require registration or licensing.

However, companies that have activities that fit under the Maryland Money Transmission Act from 2010 need licensing. Apart from these bills made to study virtual currencies, their technologies, and their effects, there is no uniform regulation on how companies need to comply with Bitcoin regulation.

The Department of Labor, Licensing, and Regulation in Maryland gave a warning to consumers using virtual currencies, as there is no uniformed regulation. However, this doesn't affect traders or miners in any way.


A view of Annapolis - capital of the state of Maryland

One of the easiest ways to buy Bitcoin in Maryland is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Maryland, 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 in Maryland 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.

They are located in Salisbury, Washington, Baltimore, and Aspen and many other cities. The state also has ATMs for buying and selling other cryptocurrencies like Dogecoin, Monero, Zcash, Litecoin, Dash, and Ether. However, there are far fewer ATMs for these coins.

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 Maryland


Maryland has access to many large Bitcoin and cryptocurrency exchanges.

Have a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Maryland
  • eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • 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 Maryland



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

  • 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 Maryland


ATM Scam

In 2017, a man from Maryland became a scam victim after attempting to buy his dream car online. Via email, the seller of the car requested that hesend the money through a Bitcoin ATM. The man made the transaction, but never received the car or got a response to his emails.

News article about scam in Maryland

Thankfully, the owwner of the Bitcoin ATM refunded the man his money.

Operation Cryptosweep

In 2018, the attourney general of Maryland annouced that state regulators would be participating in 'Operation Cryptosweep', a joint initiative of state and provincial securities regulators in the United States and Canada.

Through this initiative, the Maryland Securities Division began enforcement actions against a Bitcoin trading platform that was promissing 150% profit to its investors. By the fall of 2018, the investigators had revealed more than 200 investigations into crypto-related activities that could be violations of both state and provicial securities laws.


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FAQ


Does Binance Work in Maryland?

Binance homepage

Yes, Binance is available for customers in Maryland.

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.

Does Coinbase work in Maryland?

coinbase homepage

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

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in Maryland?

gemini homepage

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

Does Coinmama work in Maryland?

coinmama homepage

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

Does Kraken work in Maryland?

kraken homepage

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

Where Can I Find a Bitcoin ATM in Maryland?

The best way to find a Bitcoin ATM in Maryland 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.

Where do I exchange Bitcoin for Cash in Maryland?

According to www.coinatmradar.com, these are the cities in the state of Maryland where Bitcoin can be eschanged for cash: Baltimore, Clinton, Columbia, Cumberland, Easton, Edgewater, Frederick, Marlow Heights, Ocean City, Salisbury, Silver Spring, Suitland, Townson.

How do I cash out of Bitcoin in Maryland?

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

Another way to sell Bitcoins in Maryland 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.

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.

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

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.