We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

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In 2016, there was a serious intent of the Pennsylvania state representatives to pass a bill regarding virtual currencies, like Bitcoin. It was, in fact, a section update of state law definining money transmitters. The process did not continue due to the budget impasse.

A view of Harrsiburg - capital of the state of Pennsylvania

The state representatives' question is whether Bitcoin is just a transitory coin, or if it will completely change the way we relate to money, monetary transactions, and the relationship with banks.

Thankfully, regardless of the outcome of the bill, you can still easily buy Bitcoin in Pennsylvania. One of the easiest ways to do so is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Pennsylvania, 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 Pennsylvania 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 Pennsylvania:

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

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Between October 2016 and May 2018, several men from Pennsylvania commited wire fraud and extortion through a series of SIM swaps targetting cryptocurrency executives and investors. In 2019, one of the attackers was identified and charged.

Their MO, revealed by the US Departmanet of Justice, was to use “fraud, deception and engineering techniques to persuade telecoms employees to transfer numbers of SIM cards belonging to his targets”.

The amount of stolen cryptocurrency was not made public, but we can assume that it was a large sum since he bought very expensive properties with the proceeds.

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.

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Chapter 7

Mining Bitcoin in Pennsylvania

Stronghold Digital Mining has developed a way to mine for bitcoin and return coal refuse piles to usable acreage.

The company has purchased the Scrubgrass Power Plant in Venango County to produce the power needed to mine using circulating fluidized bed technology to burn the coal refuse.

The company estimates there are more than 220 million tons of coal refuse covering over 8,000 acres in the state. traditionally, coal refuse has been an unusable waste material and an enormous environmental problem.

According to Stronghold, this process makes the cleanup of the acreage economically possible.

While many are concerned about the energy needed to mine cryptocurrencies, miners are proving that mining can be beneficial to the environment.

Even with these advances, mining is not the easiest way to obtain bitcoin. For most of us, the easiest way is to purchase cryptocurrencies through the exchanges listed above.

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Chapter 8

FAQ

Does Binance Work in Pennsylvania?

Yes, Binance is available for customers in Pennsylvania.

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 Pennsylvania?

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

• Bank Account
• Deposit
• PayPal
• Credit Card

Does Gemini work in Pennsylvania?

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

Does Coinmama work in Pennsylvania?

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

Does Kraken work in Pennsylvania?

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

Does Kucoin work in Pennsylvania?

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

Where Can I Find a Bitcoin ATM in Pennsylvania?

The best way to find a Bitcoin ATM in Pennsylvania 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 cash out of Bitcoin in Pennsylvania?

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

Another way to sell Bitcoins in Pennsylvania 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.