Buy Crypto & Bitcoin in Oregon

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  • Popular Exchanges to Buy Crypto & Bitcoin in Oregon
  • 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
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Reputation
Trusted
limits icon
Limits
High
Buy Now

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 Oregon


If you're an Oregonian looking to learn about Bitcoin in your state, you've come to the right place. We're going to take a look at the laws relating to Bitcoin and cryptocurrency, check out the exchanges available to residents of Oregon, and answer a few frequently asked questions.

Neither Bitcoin nor any other cryptocurrency is regulated by the state of Oregon. While this means that there are no restrictive laws stopping individuals from buying, selling, or transacting in Bitcoin, it also means that there is not a clear regulatory framework for businesses wishing to deal in cryptocurrency.

The Oregon State Legislature passed House Bill 2488 in 2019, which explicitly prohibits the government from settling any payments in cryptocurrency. It also outlaws those running for office from accepting campaign donations in crypto, something which is allowed on a federal level.

Oregon's approach stands in contrast to its northern neighbor Washington, which has taken an active approach to regulating the industry. While this has caused some headaches for crypto firms, it has also established a strong legal footing on which businesses can operate.

Still, there are a number of Bitcoin-related businesses open in Oregon.

BitcoinNW operates 10 Bitcoin ATMs in Oregon, and 10 others spread across Utah, Idaho, and California.

Bitcoin ATMs allow you to purchase Bitcoin using cash. A Bitcoin ATM transaction takes just a matter of minutes, making it one of the quickest ways to turn the cash in your pocket into cryptocurrency in your (virtual) wallet.

If you're considering Bitcoin as part of your personal investment strategy, read on to find out what's available to residents of the Beaver State.

The best way to purchase Bitcoin in Oregon is through one of the many reputable exchanges open for business in the state. See below for our review of the best U.S.-based and international options.

Another option is to use LocalBitcoins, which is a peer-to-peer marketplace where you can organize trades with other individuals who are looking to buy or sell Bitcoin. This means that you can use any payment method you on which you both agree. PayPal, bank transfers, and gift cards are some of the most common on the site.

Regardless of how you obtain your Bitcoin, you'll need to store it securely. If you lose your funds, Bitcoin's trustless and decentralized nature means there's no one you can turn to. This means that storing it safely in a wallet is important. Read on to find out more about the best Bitcoin and cryptocurrency wallets.


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Top Bitcoin & Cryptocurrency Exchanges in Oregon


Oregon has access to many large Bitcoin and cryptocurrency exchanges.

Take a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in Oregon
  • 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 Oregon



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

  • 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 Oregon


As with any new and often-misunderstood technology, unscrupulous individuals have taken advantage of others' naivety.

WealthCurrency

The FBI and Assistant U.S. Attorney for the District of Oregon brought charges in 2019 against two Nigerian nationals who they accused of defrauding investors.

In December 2017 - at the height of Bitcoin's mainstream popularity - Onwuemerie Ogor Gift and Kelvin Usifoh allegedly began to solicit deposits from investors looking to make 20-50% returns on their investment: "guaranteed."

Investors could pick from the Silver, Gold, or Diamond plan offered by WealthCurrency, one of the websites set up to perpetuate the scam.

wealthcurrency homepage
Source: WealthCurrency, via Archive.org

WealthCurrency ticked just about all the boxes there are to recognize a potential scam:

✔ Guaranteed high-yield returns
✔ "Zero-risk" to investors
✔ Referral bonuses
✔ A less than professional website

WealthCurrency even advertised its physical location as 60 Wall Street, NY, which is the headquarters of Deutsche Bank.

After taking in more than 50 BTC from investors, Gift and Usifoh transferred 10.88 Bitcoins to other wallets, where it eventually ended up being exchanged for Nigerian Naira.

HitBTC Impersonators

Two Canadian brothers pleaded guilty to charges of conspiring to commit wire fraud and money laundering after defrauding an Oregonian woman out of 23 BTC.

Karanjit Singh Khatkar and Jagroop Singh Khatkar, residents of Surrey, British Columbia, collaborated to create the fake Twitter account @HitBTCAssist. After over a year of running the account, they were contacted by the unwitting victim and responded to her questions, eventually convincing her to send through information which allowed them to take over her email and subsequently her HitBTC and Kraken accounts.

hitbtcassist twitter

According to the indictment, Karanjit Khatkar bought a Mercedes-Benz with CAD$56,598. The Khatkar brothers also traveled to casinos, gambling with tens of thousands of dollars while staying at high-end casinos in Las Vegas.

As Karanjit had transferred his brother's half of the stolen BTC directly to his Kraken account, the fraudsters weren't hard to trace. In July 2019, Karanjit was arrested at McCarran International Airport after returning to Las Vegas. Jagroop appeared voluntarily for his arraignment in December of that year.

Both brothers were sentenced to two years in federal prison.

Spotting a Scam

The Better Business Bureau has compiled a list of common Bitcoin and cryptocurrency hacks and scams. It's worth reading over and checking any investment you're considering against it.

The WealthCurrency scam would fall under the first type, as a high-yield investment scam, while the Khatkars' was a classic phishing scheme.

High-Yield Investment Scams: These scams attract consumers with promises of high interest rates on investments. They operate like pyramid schemes, which generate returns for older investors through revenue paid by new investors, as opposed to legitimate business activity and investments. Consumers will see small daily returns in their accounts, but eventually the returns stop and the scammers run off with all the investment funds.

Bitcoin Wallet Scams: All users of Bitcoin require a wallet to store, send, and receive their currency. Sadly, scammers have discovered ways to create fake wallets and defraud consumers. These fake wallets are downloaded by consumers and operate for a few days. Once the deposit level reaches a certain limit, the funds are removed by the scammers and consumers are left empty-handed.

Bitcoin Phishing Scams: These scams usually involve consumers receiving emails to inform them they have won or been gifted Bitcoins. In order to collect their e-currency, they must click on a link leading to a wallet, where their username and password is required. To the victim's surprise, the provided link is to a fake wallet site and scammers have now gained access to the victim's wallet and the Bitcoin held therein.

Bitcoin Donation Scams: These are instances where scammers have created fake donation pages, asking consumers to donate in Bitcoin. Even when donating, it is necessary to research the cause, the charity, and the person behind it thoroughly before arranging the transfer of any e-currency.

E-Currency Exchange Scams: E-Currency exchange scams are often linked to employment or advance fee loan scams. Consumers are sent funds via e-transfer, credit card, or check, and are asked to exchange the funds for Bitcoin. They are then instructed to deposit the funds in another Bitcoin account to pay for interest charges or office supplies (depending on the nature of the scam). Eventually, the initial payment is found to be fraudulent and the consumer is held accountable to pay for the initial funds that were transferred.

Better Business Bureau Get a Handle on Virtual Currencies


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Bitcoin Mining in Oregon


The Northwest has some of the U.S.'s most abundant hydroelectricty, and cheap power attracts Bitcoin miners.

However, most have so far gone across the border to Washington, where energy prices are roughly 1 cent per kilowatt hour (kWh) cheaper. This might not sound like a lot, but a 1 cent difference can represent an almost 40% increase in the cost of Bitcoin miners' key raw material.

Still, there are a number of large Bitcoin mining operations in Oregon.

Ted Valkov runs Amity Labs, an Oregon-based miner and provider of mining equipment. He started the company out of his home in The Dalles and has significantly expanded the operation since then.

Amity Labs a local family-owned tech company based in The Dalles, Oregon. We were founded by a MIT-trained engineer and executive, and stand out by our ability to connect different realms of technology to create new business opportunities and to achieve significant operational improvements.


We are one of the pioneers of large-scale cryptocurrency mining in Oregon. Our systems development business gave us a head start in the blockchain space. In 2013, we were experimenting with building CPU mining rigs and modifying open source blockchain protocols. With the advent of ASICs mining in 2014, Amity Labs recognized the potential of Oregon to become a hub of blockchain computing infrastructure.


Central Oregon and Washington are blessed with the right resources and people to become a major location for the development of advanced computing infrastructure. If done properly, the creation of facilities for blockchain, AI, or HPC can bring significant economic benefits to our inland communities.


Despite the attention that Bitcoin miners have drawn after moving to the Northwest in search of cheap power, it's still a niche industry.

Bitcoin mining currently accounts for about one third of one percent of Northwest power use, according to Massoud Jourabchi, manager of economic analysis for the Northwest Power and Conservation Council, which studies the region's energy needs.

While some see it as a "flash in the pan" (such as Jourabchi) others may view Oregon and the Northwest as the prime location for taking advantage of cheap renewable power and investing in the future of money, all the while creating local jobs and helping to create steady demand for energy.


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FAQ


Does Binance Work in Oregon?

Binance homepage

Yes, Binance is available for customers in Oregon.

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 Oregon?

coinbase homepage

Yes, Coinbase is available to Oregon Bitcoin investors. You can buy, sell, and trade all available cryptocurrencies on the platform.

Does Gemini Work in Oregon?

coinmama homepage

Oregon residents can use Gemini to buy, sell, and store their crypto.

Does Coinmama Work in Oregon?

coinmama homepage

Yes, Coinmama is available in Oregon.

Does Kraken Work in Oregon?

kraken homepage

Kraken's full suite of services is available in Oregon.

Where Can I Find a Bitcoin ATM in Oregon?

The best way to find a Bitcoin ATM in Oregon 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 Can I Spend Bitcoin in Oregon?

The majority of stores that accept Bitcoin as payment are found online. You can shop any of Overstock.com's more than 500,000 products, from furniture to jewelry, and pay for it all in Bitcoin, or buy yourself some new tech gear on Newegg.com

You can also buy VPN services with Bitcoin, donate to Wikipedia, or top up your Microsoft account.

Another option is to use a Bitcoin debit card, which allows you to load the account with crypto and have it converted to fiat at the point of sale. These cards can be used anywhere that accepts MasterCard or Visa.

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.