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eToro is a trading platform based in the United States. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer or ACH. It also offers unique features like copy trading.
Limited time offer: Get $10 free once you trade $100 worth of cryptocurrency.
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."
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.
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.
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.
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%.
Since 2015, Utah has been aiming to accept Bitcoin as a payment method for state services. A bill proposing to do that passed its first Senate reading. Utah state representatives stated that this bill would be much more than an instrument of the state saving money on payment processing fees. Through it, the state could gain a more important role in promoting the use of Bitcoin.
You may also be aware of Utah start-up TaxBit, which aims to help cryptocurrency users comply with utah and other state tax collection agencies. The platform pulls in all the data from your various exchange accounts and completes the tax reports for you.
But first you'll need to buy some Bitcoins. One of the easiest ways to buy Bitcoin in Utah is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Utah, 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 Utah 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.
Most of them are located in SLC, and mostly work both ways. All Coin Cloud ATMs work with many more cryptocurrencies, like XRP, BAT, TRON, and many more. You can also trade different cryptocurrencies on specific ATMs all across Utah.
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.
There are three main types of Bitcoin wallet and all of them are supported in Utah:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Coinbase is an easy-to-use iOS and Android crypto exchange and 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 Utah 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 Utah that allow you to buy litecoin and other crypto assets for good exchange rates.
Brandon Larsen, a South Jordan resident, said he lost $384,000 of bitcoin because he downloaded a fake app to his phone that was created by scammers.
After losing his bitcoin, he realized that the exchange he used to trade bitcoin didn’t even have a mobile app.
It's been reported that over 10,000 people have downloaded fake apps.
Before you enter information into the app be sure that the app name, logo, and description match with the website of the originator.
Another tip is to be suspicious of misspelled words or apps that attempt to increase fees for upgraded benefits. Or, better yet, download the app directly from links on the wallet or exchange's website.
In 2020, the Univerity of Utah was penetrated by a group of hackers known as NetWalker. The cybercriminals managed to attack the files where the students and employees data was stored. The University decided to pay a $500,000 ransom in Bitcoin in order to prevent the data leak. NetWalker was then linked to a large sum of Bitcoins, which suggested the effectivness of its cyberattacks.
Yes, Binance is available for customers in Utah.
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.
Users in Utah can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Users in Utah can use all of Gemini’s products and services.
Users in Utah can use all of Coinmama’s products and services.
Users in Utah can use all of Kraken’s products and services.
As of now, Kucoin does not accept customers from any US state, including Utah.
The best way to find a Bitcoin ATM in Utah 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.
Here are a few steps that need to be taken in order to set up a Bitcoin ATM in Utah:
Any exchange listed above will allow you to sell your Bitcoin for fiat currency.
Another way to sell Bitcoins in Utah 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.
You can buy gold for Bitcoin in Utah on www.jmbullion.com, www.bitpanda.com.