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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.
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 $10 in free BTC when you make your first purchase.
You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.
If you're an Oregonian looking to learn about Bitcoin in your state, you've come to the right place. We're going to take a look at the laws relating to Bitcoin and cryptocurrency, check out the exchanges available to residents of Oregon, and answer a few frequently asked questions.
Neither Bitcoin nor any other cryptocurrency is regulated by the state of Oregon. While this means that there are no restrictive laws stopping individuals from buying, selling, or transacting in Bitcoin, it also means that there is not a clear regulatory framework for businesses wishing to deal in cryptocurrency.
The Oregon State Legislature passed House Bill 2488 in 2019, which explicitly prohibits the government from settling any payments in cryptocurrency. It also outlaws those running for office from accepting campaign donations in crypto, something which is allowed on a federal level.
Oregon's approach stands in contrast to its northern neighbor Washington, which has taken an active approach to regulating the industry. While this has caused some headaches for crypto firms, it has also established a strong legal footing on which businesses can operate.
Sometimes this 'hands off' approach can result in some shady projects being worked on.
For instnace, Oregon Ducks football star Kayvon Thibodeaux issued his own “$JREAM” cryptocurrency. The $JREAM coins give fans of the player exclusive access to posts by the football star, and a portion of the purchase *purportedly* goes to his charity, JREAM Foundation. The coin is actually totally pointless and we have reservations aboutm the actual intentions behind the coin.
That being said, you will tend to see more projects of varying legitimacy in a hand off state like Oregon.
Either way, that shouldn't stop you from considering a legitimate investment in Bitcoin, and 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.
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.
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.
Oregon has access to many large Bitcoin and cryptocurrency exchanges.
Take a look at our favorites below:
There are three main types of Bitcoin wallet and all of them are supported in Oregon:
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 Oregon 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 Oregon that allow you to buy litecoin and other crypto assets for good exchange rates.
As with any new and often-misunderstood technology, unscrupulous individuals have taken advantage of others' naivety.
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 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.
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.
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.
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.
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.
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.
Yes, Coinbase is available to Oregon Bitcoin investors. You can buy, sell, and trade all available cryptocurrencies on the platform.
Oregon residents can use Gemini to buy, sell, and store their crypto.
Yes, Coinmama is available in Oregon.
Kraken's full suite of services is available 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.
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.