Buy Crypto & Bitcoin in Pennsylvania

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  • Popular Exchanges to Buy Crypto & Bitcoin in Pennsylvania
  • etoro logo
    eToro
    BUY NOW eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
    Fees
    None
    Account Minimum
    $10
    Promotion
    None
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • coinbase logo
    Coinbase
    BUY NOW at Coinbase's Secure Site
    Fees
    0% - 0.50%
    Account Minimum
    None
    Promotion
    Earn $5
    • US based crypto & Bitcoin exchange
    • Best way to buy crypto in the US
    • Instantly connect bank account and buy

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, and Canada.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Read Review

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
Read Review

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
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Limits
High

Bitcoin IRABitcoin IRA

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
ease icon
Ease of Use
Average
privacy icon
Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

CoinmamaCoinmama

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.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High

Swan BitcoinSwan Bitcoin

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

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

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Bitcoin & Cryptocurrency Trading in Pennsylvania


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.


country image
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.


COMPARISON

ledger nano x folded

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $150
ledger nano s illustration

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59
trezor model T

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $320
Trezor One

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $119

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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Best Bitcoin Wallets for Pennsylvania



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.

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

Coinbase

Best for storing crypto for short period of time

Learn More About
Coinbase

Coinbase is an easy-to-use iOS and Android crypto exchange and 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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Ethereum How to Buy Ethereum in Pennsylvania


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.

  • Exchanges in Pennsylvania that Support Ethereum
  • eToro
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge
  • Coinbase
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc doge usdt
  • Coinbase Pro
    • Supports Ethereum buying & selling
    Coins supported:
    Ethereum btc ltc usdt

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Dogecoin How to Buy Dogecoin in Pennsylvania


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.

  • Exchanges in Pennsylvania that Support Dogecoin
  • eToro
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc
  • Coinbase
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt
  • Gemini
    • Supports Dogecoin buying & selling
    Coins supported:
    Dogecoin btc eth ltc usdt

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 How to Buy Litecoin in Pennsylvania


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.

  • Exchanges in Pennsylvania that Support Litecoin
  • eToro
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge
  • Coinbase
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth doge usdt
  • Coinbase Pro
    • Supports Litecoin buying & selling
    Coins supported:
    Litecoin btc eth usdt

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Hacks and Crypto Scams in Pennsylvania


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.


News article about Sim-swapping in Pennsylvania

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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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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FAQ


Does Binance Work in Pennsylvania?

Binance homepage

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?

coinbase homepage

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?

gemini homepage

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

Does Coinmama work in Pennsylvania?

coinmama homepage

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

Does Kraken work in Pennsylvania?

kraken homepage

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

Does Kucoin work in Pennsylvania?

kucoin homepage

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.

About the Author: Jordan Tuwiner

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.