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eToro is a trading platform based in the United States. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer or ACH. It also offers unique features like copy trading.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
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.
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.
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.
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.
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.
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%.
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.
In June 2021, a CNBC representative reported that 6,600 lbs of mining equipment was being shipped from Guangzhou, China to Maryland. It is unclear whether the equipment will remain in Maryland or go to some other location in the US. Regardless, it's another chapter in the continuing story of China's crackdown on cryptocurrency.
But cryptocurrencies are not a problem in Maryland and one of the easiest ways to buy Bitcoin 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.
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. 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.
Maryland has access to many large Bitcoin and cryptocurrency exchanges.
Have a look at our favorites below:
There are three main types of Bitcoin wallet and all of them are supported in Maryland:
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.
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 Maryland that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.
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.
Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Maryland that allow you to buy litecoin and other crypto assets for good exchange rates.
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.
Thankfully, the owwner of the Bitcoin ATM refunded the man his money.
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.
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.
Users in Maryland can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Users in Maryland can use all of Gemini’s products and services.
Users in Maryland can use all of Coinmama’s products and services.
Users in Maryland can use all of Kraken’s products and services.
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.
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.
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.
And, as mentioned previously, you can also use LocalBitcoins.
You could also use a service like eGifter to sell your Bitcoin for gift cards.