Buy Crypto & Bitcoin in Virginia

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  • Popular Exchanges to Buy Crypto & Bitcoin in Virginia
  • etoro logo
    eToro
    BUY NOW at eToro's Secure Site
    Fees
    None
    Account Minimum
    $200
    Promotion
    Earn $10
    • 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 up to $36 in free crypto when you signup using Coinbase Earn.

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
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Fees
Average
reputation icon
Reputation
Trusted
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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
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Privacy
Low
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Speed
Slow
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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
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Ease of Use
Average
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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 Virginia


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.


country image
A view of Richmond - the capital of the state of Virginia

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.


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 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.


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Best Bitcoin Wallets for Virginia



There are three main types of Bitcoin wallet and all of them are supported in Virginia:

  • 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 Virginia


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.

  • Exchanges in Virginia 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 Virginia


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 Virginia 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 Virginia


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.

  • Exchanges in Virginia 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 Virginia


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.

News article about Bitcoin scam in Virginia

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Bitcoin Mining in Virginia


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:


cost to mine 1 bitcoin in each state

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FAQ


Does Binance Work in Virginia?

Binance homepage

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.

Does Coinbase work in Virginia?

coinbase homepage

Users in Virginia can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in Virginia?

gemini homepage

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

Does Coinmama work in Virginia?

coinmama homepage

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

Does Kraken work in Virginia?

kraken homepage

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

Does Kucoin work in Virginia?

kucoin homepage

As of now, Kucoin does not accept customers from any US state, including Virginia.

Where Can I Find a Bitcoin ATM in 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.

How is cashing out of Bitcoin taxed in Virginia?

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".

How do I cash out of Bitcoin in Virginia?

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.

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.