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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
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 (besides Germany), UK, Singapore, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
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.
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
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.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
BitQuick is one of the fastest ways to buy bitcoins in the United States using cash deposit. Users can browse a wide range of offers at various prices. Once a desired offer is found, buyers visit a bank to make a cash deposit into the seller's account. Buyers then usually receive their bitcoins within an hour.
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.
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.
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%.
Coin ATM Radar shows that there are currently 42 active Bitcoin ATMs in Minnesota. All of them can be used for buying Bitcoins while only 20 of them allow selling. 13 are located in and around Minneapolis, 3 in Saint Cloud, 2 at Duluth, 1 in Mankato, and 1 in Rochester.
The ATMs in Minnesota are offered by operators such as Coinflip, Rockitcoin, Digitalmint, and Bitcoin Depot. Some of these ATMs also support Litecoin, Dash, Ether, and Bitcoin Cash. Crescent Electric Supply Company did an analysis of the costs of mining bitcoin in all US states.
The average cost for mining a single Bitcoin in Minnesota is $4,521, which puts this state somewhere in the middle as far as price is concerned. The Minnesota Commerce Department issued a warning to everyone interested in crypto-investment.
It says that cryptocurrencies are unregulated in the state and promises legislation and regulation in the future. However, they indicate that the goal is to protect consumers and not put a hold on crypto trading.
The Democratic Party representatives in Minnesota presented a bill before the House Government Operations Committee, which is supposed to prevent political donations via virtual currencies. However, it doesn't mention commercial use, just political donations.
Simply put, people can use Bitcoin freely, pay with this currency to companies that accept it, buy tokens, and sell them. There are no limitations and regulations at the moment, and a lot of trading platforms are working freely in Minnesota.