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In 2018, Ohio became the first state that would accept Bitcoin for taxes, from cigarette sales to employee withholding. OhioCrypto.Com was available for whoever wanted to pay taxes in Bitcoin. But, the platform was not very succesful. Only 10 businesses paid their taxes in 10 months since the website was available. One year later, the Ohio Treasury suspended the website and redirected users to the Treasurer’s main site. The reason for the suspension was because of a lack of approval by the Board of Deposit and the uncertainty wiith how the crypto portal was set up.

A view of Columbus - capital of the state of Ohio

Since 2018, Ohio has become one of the most pro-blockchain states in the U.S., as it plans to invest more than $300 million in blockchain startups that would develop apps for government, welfare projects, and local businesses.

This has been very apparent during the 2022 run for the US Senate seat for Ohio. Both JD Vance and Tim Ryan are vocal crypto-friendly candidates, with Vance even disclosing bitcoin holdings of roughly 6 BTC. Tim Ryan favors a law that would simplify tax reporting requirements for digital assets.

If you want to get in on the Bitcoin revolution, one of the easiest ways to buy Bitcoin is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Ohio, 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 Ohio 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 Ohio:

• 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 Ohio 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 Ohio that allow you to buy litecoin and other crypto assets for good exchange rates.

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Fake Government Callers

In August 2021, the local Fox 8 News ran a story of people in Northeast Ohio being taken in by Bitcoin scams. One individual was contacted through social media, with a proposal to make money in Bitcoin. She was instructed that to start the process, she had to deposit money at a Bitcoin ATM. She reported that she lost $8,000 in the scam. Another individual said he received several calls from someone posing as a federal agent in Texas, saying he was a suspect in money laundering and drug movements. Unfortunately, he deposited $18,000 into a bitcoin machine before contacting the police about the scam.

Be suspicious of anyone that calls claiming to be a government official wanting bitcoin. Most government entities will not ask for or accept cryptocurrency. They will also not use a Bitcoin ATM to handle transactions.

Larry Dean Harmon Money Laundering

In 2020, Larry Dean Harmon of Akron, Ohio was arrested. The charges were: conspiring to launder money, operating an unlicensed money transmitting business, and conducting money transmission without a DC license. He is accussed of laundering over $300 million using Bitcoin. His alleged purpose was to hide criminal transactions like drugs and guns trafficking and other illegal activities on the Darknet.

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Does Binance Work in Ohio?

Yes, Binance is available for customers in Ohio.

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.

Does Coinbase work in Ohio?

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

• Bank Account
• Deposit
• PayPal
• Credit Card

Does Gemini work in Ohio?

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

Does Coinmama work in Ohio?

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

Does Kraken work in Ohio?

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

Does Kucoin work in Ohio?

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

Where Can I Find a Bitcoin ATM in Ohio?

The best way to find a Bitcoin ATM in Ohio 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 buy Bitcoin in person in Ohio?

There are several exchanges that facilitate peer-to-peer programs for buying Bitcoin like: paxful.com, localbitcoins.com.

How do I cash out of Bitcoin in Ohio?

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

Another way to sell Bitcoins in Ohio 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.