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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
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 (besides Germany), UK, Singapore, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
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.
Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.
CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
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.
Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
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.
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.
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
BitQuick is one of the fastest ways to buy bitcoins in the United States using cash deposit. Users can browse a wide range of offers at various prices. Once a desired offer is found, buyers visit a bank to make a cash deposit into the seller's account. Buyers then usually receive their bitcoins within an hour.
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%.
Tennessee has 105 Bitcoin ATMs and tellers conveniently scattered all over the state. You'll find 38 Bitcoin ATMs in Memphis, 29 in Knoxville, and 25 in Nashville. Chattanooga boasts 10 of them, while Cleveland, Kingsport, and Union City have one each.
Some of the more popular Bitcoin operators in Tennessee include CoinFlip, National Bitcoin ATM, Digital Mint, and Bitcoin Depot. Other available cryptocurrencies in Tennessee include Litcoin, Dash, Bitcoin Cash, and Ether. Only 12 of all Bitcoin operators in the state enable the selling of Bitcoins.
Tennessee doesn't regulate any virtual currencies, so there are no guidelines for them. Under the state's Money Transmitter Act, Bitcoin is not considered to be money, so licensing isn't needed.
Tennessee is one of the few states that have shown a positive interest in the blockchain technology behind Bitcoin. Smart contracts enabled by blockchain are recognized as having legal power in the state of Tennessee.
A bill was proposed to revise the Tennessee Captive Insurance Act. If passed, it would allow insurance companies to accept cryptocurrency as premium payments. Claims could also be paid in cryptocurrency, and it could be used as a surplus for any potential claims in the future.
While there are currently no major laws that would guide the usage of cryptocurrency in Tennessee, this is likely set to change. As government officials and politicians show greater interest in Bitcoin and other cryptocurrencies, we can expect to see some significant changes.