Buy Bitcoin in the United States

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The US is home to most of the world's largest Bitcoin companies, so it's no surprise that it's easy to buy bitcoins in the United States using nearly any payment method: cash, credit card, or bank transfer.

CoinbaseCoinbase Buy Bitcoin Read Review

Coinbase is probably the fastest and easiest way to buy bitcoins in the USA.

If you need bitcoins fast, then buying with a credit card or debit card is a good option. Coinbase charges 3.99% fees for credit/debit card purchases but you can get your coins instantly.

Another payment option for US customers is using a connected bank account. The fees are less for this method--1.49%--but your coins are only delivered after five days.

Get $10 of free bitcoin when you buy more than $100 worth through this link.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with credit card or debit card
Cons
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin with a credit or debit card. They charge an ~6% fee on each purchase.

If buying less than $150 worth of bitcoins, you won't need to verify your identity. This convenience makes small purchases quick and easy.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

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 of Use
Easy
Privacy
Low
Speed
Fast
Fees
High
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

Coinbase ProCoinbase Pro Buy Bitcoin 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.

We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.

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
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CEX.ioCEX.io Buy Bitcoin Read Review

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.

We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit. However, 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.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review
Bitrefill
Top up your mobile phone in the USA.
With Bitcoin.

Wall of CoinsWall of Coins Buy Bitcoin Read Review

Wall of Coins is an escrow service that makes it easy to buy bitcoins with cash deposit in the US, UK, Canada, Argentina, Australia, Brazil, Canada, Germany, Latvia, Mexico, Poland, the Philippines, and Romania.

It offers low fees and is a very private way to purchase coins.

We may receive compensation when you use Wall of Coins. Please visit Wall of Coins for its exact pricing terms.

Pros
  • Easy way to purchase bitcoins
  • Fairly private way to purchase bitcoins; only your phone number is required
Cons
  • Currently limited to 22 countries
  • Hard to find sellers offering high volume
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

BitQuickBitQuick Buy Bitcoin Read Review

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.

We may receive compensation when you use BitQuick. Please visit BitQuick for its exact pricing terms.

Pros
  • One of the fastest ways to buy bitcoins
  • More physically secure than other cash payment methods as one pays the money to a bank teller
Cons
  • 2% fees for buyers are somewhat high for cash trading
  • Prices vary and can be much higher (or even lower) than the current Bitcoin price
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

GeminiGemini Buy Bitcoin

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.

While Gemini is available in most US states, US residents should check Gemini's areas of operations page.

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
Ease of Use
Hard
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Trusted
Limits
High
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BitstampBitstamp Buy Bitcoin

BitStamp is one of the world's largest and most well-known Bitcoin exchanges. Deposits can be made through bank transfer, SEPA transfer, international bank wire, and now even credit cards.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Good range of deposit and withdrawal options
  • Deep liquidity promotes a price close to fair market rate
  • Offers wide range of altcoins
Cons
  • Has been hacked before, users should not store funds on the exchange for any period of time
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
  • Geared towards traders; slightly confusing for first time buyers
Ease of Use
Hard
Privacy
Low
Speed
Slow
Fees
Average
Reputation
Trusted
Limits
High
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KrakenKraken Buy Bitcoin

Founded mid-2013, Kraken is the world's largest Euro-denominated Bitcoin exchange, based on daily average trading volume. It supports deposits from US, European, Canadian, British, and Japanese customers. Deposits can be made via bank wire, SEPA, SWIFT, and bank deposit (Japan only).

Pros
  • Well-financed and trusted exchange
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Deep liquidity for large volume buyers in European markets ensures a price close to fair market rate
  • Highly-rated for security
  • Publishes proof of reserve audits
Cons
  • User-interface makes it difficult for first time buyers
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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Athena Investor ServicesAthena Investor Services Buy Bitcoin

Athena Investor Services offers a unique way to purchase Bitcoin. It's aimed at large volume buyers who are looking to buy between $10,000 and $500,000 worth of bitcoins. The fees are 4% per buy. The fees are high because Athena will work with you and walk you through the buying process with them and offers personalized help. You can only pay via bank wire at this time.

Pros
  • Easy way to purchase bitcoins for new buyers
  • High limits for first time buyers
Cons
  • Higher fees compared to other ways to buy bitcoins with bank transfer in the USA
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
High
Reputation
Trusted
Limits
High
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LibertyXLibertyX Buy Bitcoin

LibertyX is an American service which makes buying bitcoins with cash simple. First, use LibertyX's app to locate a store near you that sells LibertyX codes. Next, enter your LibertyX code to the app, along with your Bitcoin address and you'll receive your bitcoins very soon after.

If you connect a Facebook account to your LibertyX app, your first $1,000 of purchases are fee-free. Otherwise all purchases cost 1.5% + $3 in fees.

Pros
  • Easy and fast way to buy bitcoins with cash
  • Low 1.5% (plus store fee) rate for cash purchase method
  • Daily $1000 limit is fairly high for a convenience service
Cons
  • Participating stores add their own variable fee
  • Some verification is required which lowers the expected privacy level of cash purchase
  • Attaching your Facebook account further degrades privacy
Ease of Use
Average
Privacy
Average
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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Bitcoin ATMsBitcoin ATMs Buy Bitcoin

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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VirWoXVirWoX Buy Bitcoin Read Review

Technically, VirWoX isn't even a Bitcoin exchange. It mainly serves as a way for people to buy Second Life Lindens, a currency used in the virtual world Second Life. You can't buy Bitcoin with PayPal directly at VirWoX, but it's possible to first buy Second Life Lindens (SLL) and then trade your SLL for Bitcoin. This process works perfectly, but in the end will cost you about 10% in fees.

This workaround/hack has made VirWoX the easiest and most popular way to buy bitcoins with PayPal.

We may receive compensation when you use VirWoX. Please visit VirWoX for its exact pricing terms.

Pros
  • The easiest and basically only way to purchase bitcoins with PayPal or Skrill
Cons
  • Comes with a price: it will cost around 10% in fees to buy with PayPal
Ease of Use
Hard
Privacy
Low
Speed
Fast
Fees
High
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

CoinBTMCoinBTM Buy Bitcoin

CoinBTM is a New York-based Bitcoin ATM provider with over 30 machines across NY and New Jersey. Check their website for the latest details on locations, fees, and hours.

Pros
  • Online ATM map makes it easy to find one of CoinBTM's ATMs
  • Buying at Bitcoin ATMs offers high privacy; only your phone number is required
Cons
  • Buying at ATMs is one of the most expensive ways to purchase bitcoins
Ease of Use
Easy
Privacy
Average
Speed
Fast
Fees
High
Reputation
Trusted
Limits
Average
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itBititBit Buy Bitcoin Read Review

itBit is a global Bitcoin exchange, licensed with the New York State Department of Financial Services. It also operates a global OTC trading desk, making it easy for customers to buy large amounts (100 BTC and up) of bitcoin. It supports all US states besides Texas.

Pros
  • OTC trading desk is one of the best ways to buy large amounts of bitcoins
  • Deep liquidity promotes a price close to fair market rate
  • Extremely low fees; 0% for market makers and 0.2% for market takers
  • Fee on OTC brokering service is only 0.1%
Cons
  • Limited payment options
  • Geared towards traders; exchange interface may be confusing for first time buyers
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CancoinCancoin Buy Bitcoin

Cancoin is a P2P Bitcoin exchange and multisig wallet. It is currently available in the USA and Canada. Buyers pay 0% fees.

Pros
  • Decentralized exchange
  • Clean interface and easy to use
Cons
  • Low liquidity (for now)
Ease of Use
Average
Privacy
Average
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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Mycelium Local TraderMycelium Local Trader Buy Bitcoin

Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.

Pros
  • Easy and cheap way to buy bitcoins with cash
  • Private way to buy bitcoins, no personal information required beyond cellphone number
Cons
  • Users in sparsely populated areas will have trouble finding sellers
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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ChangellyChangelly Buy Bitcoin

Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.

Pros
  • Easiest and fastest way to buy bitcoins with altcoins
  • Fees are reasonable for larger traders
Cons
  • Need altcoins or other digital tokens to use
Ease of Use
Easy
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin

bitcoin-otcbitcoin-otc Buy Bitcoin

Bitcoin-OTC is an over-the-counter marketplace for the peer to peer exchanging of bitcoin. It is almost like a Craigslist for Bitcoin. Users must create ads or locate other ads to find sellers of bitcoin. Bitcoin-OTC is somewhat complicated and hard to use, but may be the only option for users in some countries without an exchange.

Pros
  • Can be a good way to find Bitcoin sellers if no other options exist
Cons
  • Need to keep eye out for scams
  • Need to build trust and feedback for your account before trading larger amounts
Ease of Use
Hard
Privacy
High
Speed
Varies
Fees
Varies
Reputation
Trusted
Limits
High
Buy Bitcoin

History Of Bitcoin In The United States

Bitcoin is a digital currency that has been around for almost a decade now. It was created in 2009 by Satoshi Nakamoto, but the developer’s true identity has never been verified. It took some time for the world to embrace Bitcoin, but it eventually found its way in to the U.S. financial markets.

Here is a comprehensive insight into the history, legality, and mining of Bitcoin in the U.S.A.

Bitcoin has been in use in the U.S.A. since its development. It has not always been considered as a legal currency, but its decentralized nature made it difficult for the government and financial regulators to control its use.

There are three crucial events that define Bitcoin’s history in the U.S. The first event is the U.S. Treasury’s classification of Bitcoin, as a decentralized and convertible virtual currency. This classification came in 2013, five years after the unveiling of the cryptocurrency. It paved the way for the legalization and general acceptance of Bitcoin in the country.

The 2013 classification was followed by another classification in 2015, this time by the Commodity Futures Trading Commission (CFTC). This commission officially classified Bitcoin as a commodity towards the end of 2015 – this classification meant that Bitcoin would be liable to taxation by the Internal Revenue Service as it was categorized as property.

The third significant event in Bitcoin’s history in the U.S.A. came in 2016 when a federal judge ruled that the virtual currency is money just like any fiat currency. This came following the prosecution of Anthony Murgio, who was accused of running an unlicensed Bitcoin exchange platform. U.S. District Judge Alison Nathan ruled that Bitcoin qualifies as money citing a similar ruling earlier in 2014 by U.S. District Judge Jed Rakoff.

Over the years, Bitcoin has become more entrenched in the U.S., and its adoption is still ongoing.

Assessing the Popularity of Bitcoin in the U.S.A. – Businesses that Accept Bitcoin

One of the main characteristics of Bitcoin is that is does not hold any intrinsic value as it is a digital currency. The uncertainty associated with it, coupled with the fact that it has been in existence for barely a decade, means that many companies and stores have been reluctant to embrace it. However, this has been changing over the years, as there are thousands of companies and stores that accept Bitcoin as a means of payment today.

This section will highlight four of the most significant companies that accept Bitcoin:

Overstock

Overstock is a popular online ticket vendor that sells big-ticket items at discounted prices. It was the first online retailer to accept Bitcoin in 2014 following a partnership with Coinbase, a popular cryptocurrency exchange. It accepts Bitcoin, as a form of payment for virtually every item in its inventory.

Microsoft

Microsoft has also embraced Bitcoin. The company accepts Bitcoin in exchange for products and services such as apps, games, and movies. Bitcoin transactions are conducted on the company’s online store as well as on Windows and Xbox stores.

Virgin Galactic

Virgin Galactic is a commercial space flight company under the Virgin Group. This company has been accepting Bitcoin since 2013 for services such as space travel.

Mining Bitcoin in the U.S.A.

Although most Bitcoin holders turn to crypto exchanges to get the digital currency, tech-savvy holders prefer to mine it. All of the Bitcoins that have been generated to date were mined using special software. Miners need powerful computers and other related gadgets to facilitate mining. They also need to be tech-savvy as the process involves coding and software development and management. For those who lack the resources or know-how, there are many startups that offer communal mining services at a fee.

Mining Bitcoin in the U.S.A. is legal and convenient, but it can also be expensive. This is because the mining process requires a lot of power. As such, although anyone can mine Bitcoin from anywhere in the country, there are certain states that have been classified as preferable thanks to their affordable energy rates. Miners and researchers have recommended five states for their affordable energy rates: Louisiana, Idaho, Washington, Tennessee, and Arkansas. On the other hand, the five most expensive states to mine Bitcoin in the U.S.A. are Hawaii, Alaska, Connecticut, Massachusetts, and New Hampshire.

Developers are optimistic that it will be easier and cheaper to mine Bitcoin in the U.S. with time. Currently, the U.S. is home to the biggest Bitcoin mining facility – the facility is under construction in Virginia at a cost of $65 million.

Conclusion

The U.S. is one of the top destinations for Bitcoin and other cryptocurrencies. It is also one of the most progressive countries when it comes to development and adoption of digital currencies. Experts are optimistic that Bitcoin will gain more popularity and utility in the U.S. over the coming years.