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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.
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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 up to $36 in free crypto when you signup using Coinbase Earn.
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%.
At the beginning of 2018, Virginia lawmakers Established a study group to understand, research, and explore how blockchain could improve government operations. The study group didn’t receive any official budget, so the House of Delegates created a cryptocurrency wallet for private donations to fund its work.
At the same time, the state Senate put together another bill that was meant to research the impact of cryptocurrencies on Virgian’s citizens' every day life.
Virginia's government is clearly bullish on blockchain, and so are its citizens.
In September 2021, two public pension funds, the Fairfax County Police Officers Retirement System (PORS) and Fairfax County Employees' Retirement System (ERS), were seeking approval to invest $50 million in bitcoin through the Parataxis Capital Management fund.
In 2018, both pension funds invested in blockchain technology and increased their holdings in the following year.
While this is a significant investment, it is a relatively small percentage of the overall fund, and it is growing every year.
If you are a citizen of Virginia and are also interested in Bitcoin, one of the easiest ways to buy in Virginia is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Virginia, 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 Virginia 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, so long as you aren’t buying a lot of Bitcoin.
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 Virginia:
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 Virginia 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 Virginia that allow you to buy litecoin and other crypto assets for good exchange rates.
In 2018, there were several reported Bitcoin scams in Loudon and Norfolk, Virginia. The scammers sent letters to victims, demanding money to be wired in Bitcoin, or else their “secrets” would be revealed or their personal information would be published online.
In 2018, BCause, the largest digital mining data center in North America, was launched. The company invested $64.8 million in 84,000 square foot headquarters and data centers. Yet, in 2019 BCause Mining filed for bankruptcy, so a federal judge approved the motion for liquidation.
Check the map below to see how much it would cost to mine one Bitcoin in Virginia:
Yes, Binance is available for customers in Virginia.
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 Virginia can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Users in Virginia can use all of Gemini’s products and services.
Users in Virginia can use all of Coinmama’s products and services.
Users in Virginia can use all of Kraken’s products and services.
As of now, Kucoin does not accept customers from any US state, including Virginia.
The best way to find a Bitcoin ATM in Virginia 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.
According to the IRS "the sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or services, or holding virtual currencies as an investment, generally has tax consequences that could result in tax liability".
Any exchange listed above will allow you to sell your Bitcoin for fiat currency.
Another way to sell Bitcoins in Virginia 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.