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Buy Bitcoin & Crypto in United States

Bryan Aulds
Bryan Aulds
Updated: 7th October 2020

Disclaimer: This page includes affiliate links. When you make a purchase through one of our links, we may receive commissions.

The United States is the most important market for Bitcoin. This is mostly due to the US Dollar's status as the world’s reserve currency and the US’s influence over international finance.

Most Popular Exchanges in United States

Coinmama Logo

Coinmama

Founded 2013

Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.


Kraken Logo

Kraken

Founded 2011

Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.


CHAPTER 1

Bitcoin & Cryptocurrency Trading in United States

The cryptocurrency exchange you use will depend on what your goals are. Some people buy only bitcoin, while some buy many cryptos. Some trade, while some buy and hold.

We'll outline some of the best options for each type of buyer and trader.

Bitcoin mobile transfer
Bitcoin mobile transfer

Best for Buying

If your only goal is to buy Bitcoin, Ethereum or another coin, the following exchanges have smooth and easy buying processes:

Bitcoin blockchain
Bitcoin blockchain

Best for Trading

If you plan on trading in and out of different coins, the following exchanges support many cryptocurrencies:

Now, let's give a bit deeper into some of the exchanges mentioned above with our detailed overviews.

CHAPTER 2

Top Cryptocurrency & Bitcoin Exchanges in United States

Coinmama Logo

Founded 2013

Coinmama Logo

Coinmama Popular

Founded 2013

Coinmama Popular

Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.

Visit Site More

PROS

  • Super Fast Withdrawal
  • Higher privacy that most exchanges
  • Super convienent and easy to use
  • One of the few places to buy bitcoin using credit cards

CONS

  • Higher fees than some other exchanges

Supported Fiat: Yes

Payment methods include: Credit Card Debit Card Wire Transfer

Headquarters: Israel

Bitcoin mobile transfer icon

Ease of Use

Super easy

Privacy icon

Privacy

Low

Speed icon

Speed

Super fast

Fees icon

Fees

Medium

Reputation icon

Reputation

Excellent

Limits icon

Limits

-

Visit Site Read Review
Kraken Logo

Founded 2011

Kraken Logo

Kraken Popular

Founded 2011

Kraken Popular

Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.

Visit Site More

PROS

  • Excellent Security record
  • Large Volume

CONS

  • Slow Customer Service response
  • Slow account verificaiton

Supported Fiat: Yes

Payment methods include: Debit Card Bank Transfer Cash BACs Chaps

Headquarters: San Francisco, USA

Bitcoin mobile transfer icon

Ease of Use

Super easy

Privacy icon

Privacy

Low

Speed icon

Speed

Slow

Fees icon

Fees

Low

Reputation icon

Reputation

Excellent

Limits icon

Limits

Medium

Visit Site Read Review
CHAPTER 3

Best Bitcoin Wallet for United States

Bitcoin wallets are just software or hardware, so the truth is that wallets can work in any country.

However, we've highlighted some Bitcoin wallets we think would be good for United States users here.

Trezor Model T
Best for Security

Trezor Model T

Secure storage with high res color touch screen

Read Review

The Trezor Model T is perfect for long term holders of many coins. It's full color high resolution touch screen makes it easy to navigate and advanced features make it the most secure hardware wallet

Ledger Nano X
Best for Traders

Ledger Nano X

Secure Storage with Bluetooth Functionality

Read Review

The Ledger Nano X is great for traders who need to access their coins on the go. The on-board bluetooth functionality allows you to access your coins on your mobile device.

Electrum Logo
Best for Desktop

Electrum

Multi-feature desktop wallet that works with hardware wallets.

Visit Website

Electrum is a Bitcoin-only desktop wallet that offers many advanced features for higher level users. It is best paired with a hardware wallet.

CHAPTER 4

More Bitcoin Exchanges in United States

Most Popular Exchanges in United States

Coinmama Logo

Coinmama

Founded 2013

Coinmama allows users to easily and quickly make bitcoin purchases from almost anywhere in the world using many different payment methods, including credit cards.


Kraken Logo

Kraken

Founded 2011

Started in 2011, Kraken was one of the first Bitcoin exchanges. Founder Jesse Powell started the exchange after helping with MTGOX's 2011 crisis/hack. It was during this experience that Jesse realized the importance of security for a bitcoin exchange. Determined to do better, Jesse started what would become Kraken later that year. As a testiment to the focus on security, Kraken has never been hacked and remains of the of top Bitcoin exchanges in the world.


Cex.io Logo

Founded 2013

Cex.io Logo

Cex.io

Founded 2013

Cex.io

Since its founding in 2013, CEX.io has never lost any user funds. As a pioneer in credit card payments for crypto, CEX has kept it easy to access and buy coins. Since it supports 99% of all counties,you can use CEX no matter where you are to buy and sell your favorite crypto assets

Visit Site More

PROS

  • Supports 99% of all countries
  • Multiple Fiat pairs
  • No customer funds lost
  • Easy account creation

CONS

  • Slow withdraw times

Supported Fiat: Yes

Payment methods include: Credit Card Debit Card Bank Transfer SEPA SWIFT

Headquarters: London, GBR

Bitcoin mobile transfer icon

Ease of Use

Easy

Privacy icon

Privacy

Low

Speed icon

Speed

Slow

Fees icon

Fees

Medium

Reputation icon

Reputation

Good

Limits icon

Limits

High

Visit Site Read Review
Huobi Global Logo

Founded 2013

Huobi Global Logo

Huobi Global

Founded 2013

Huobi Global

Huobi is based in Singapore and was first popular with Asian Crypto traders; however it has since grown a worldwide user base. Traders are attacted to its advanced features and extensive pair list along with its low trading fees

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PROS

  • Low Fees
  • Many Currency Pairs

CONS

  • Extensive KYC

Supported Fiat: Yes

Payment methods include: Credit Card

Headquarters: Singapore

Bitcoin mobile transfer icon

Ease of Use

Easy

Privacy icon

Privacy

Low

Speed icon

Speed

Slow

Fees icon

Fees

Low

Reputation icon

Reputation

Good

Limits icon

Limits

Medium

Visit Site Read Review
BitMEX Logo

Founded 2014

BitMEX Logo

BitMEX

Founded 2014

BitMEX

Started by commodities trader Arthur Hayes in 2014, BitMEX quickly became the leading place to make leveraged bets on the price of bitcoin. Thier unique Bitcoin only depoist/withdraw system, along with top notch security have continued to set it apart from challengers.

Visit Site More

PROS

  • Up to 100X leverage
  • New products constantly rolled out
  • Top Notch Security

CONS

  • For Advanced Traders

Supported Fiat: No

Payment methods include: Bitcoin

Headquarters: SYC

Bitcoin mobile transfer icon

Ease of Use

Easy

Privacy icon

Privacy

Low

Speed icon

Speed

Super fast

Fees icon

Fees

Low

Reputation icon

Reputation

Excellent

Limits icon

Limits

Unlimited

Visit Site Read Review
Swan Bitcoin Logo

Founded 2019

Swan Bitcoin Logo

Swan Bitcoin

Founded 2019

Swan Bitcoin

Started by Cory Klippsten in 2019, Swan Bitcoin has quickly grown into the leading (and easiest) way to by bitcoin through Dollar Coast Averaging.

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PROS

  • Super Easy Dollar Cost Averaging

CONS

  • Withdrawals can take a long time

Supported Fiat: Yes

Payment methods include: Wire Transfer ACH

Headquarters: USA

Bitcoin mobile transfer icon

Ease of Use

Super easy

Privacy icon

Privacy

Low

Speed icon

Speed

Slow

Fees icon

Fees

Low

Reputation icon

Reputation

Excellent

Limits icon

Limits

Medium

Visit Site Read Review
River Financial Logo

Founded 2019

River Financial Logo

River Financial

Founded 2019

River Financial

River Financial's hands on approach gives the bitcoin space a white glove touch. If you want to buy or sell large amounts of bitcoin in a setting familar to anyone used to dealing with large brokerages, River is for you. They also have finacial advisors on hand to talk with potential customers about how Bitcoin fits into an individual portfolio.

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PROS

  • Easy Dollar Cost Averaging
  • Advanced security features

CONS

  • Withdrawals can take a long time

Supported Fiat: Yes

Payment methods include: Wire Transfer ACH

Headquarters: USA

Bitcoin mobile transfer icon

Ease of Use

Super easy

Privacy icon

Privacy

Low

Speed icon

Speed

Slow

Fees icon

Fees

Low

Reputation icon

Reputation

Excellent

Limits icon

Limits

Unlimited

Visit Site Read Review
Bittrex Logo

Founded 2014

Bittrex Logo

Bittrex

Founded 2014

Bittrex

Founded in 2014, Bittrex was a mainstay of crypto trading during the 2017 bull market. It has many cryptocurrency paiirs and now even allows Fiat on boarding.

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PROS

  • Many Currency Pairs

CONS

  • Extensive KYC

Supported Fiat: Yes

Payment methods include: -

Headquarters: Seattle, Washington, USA

Bitcoin mobile transfer icon

Ease of Use

Average

Privacy icon

Privacy

Low

Speed icon

Speed

-

Fees icon

Fees

Low

Reputation icon

Reputation

Good

Limits icon

Limits

Medium

Visit Site Read Review
Paymium Logo

Founded 2011

Paymium Logo

Paymium

Founded 2011

Paymium

Paymium is one of the oldest exchanges in Europe. It is compliant with all EU regulations and is extremily well trusted. Paymium is based in France and supports several payment methods, including SEPA transfers and credit card purchases.

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PROS

  • High limits for SEPA transfers
  • Makers get paid to trade with low taker fees
  • Great mobile support for trading on the go

CONS

  • Not the easiest exchange to use
  • Limited desposit methods that only supports euros

Supported Fiat: -

Payment methods include: Credit Card Bank Transfer SEPA SWIFT Apple Pay

Headquarters: Paris, FRA

Bitcoin mobile transfer icon

Ease of Use

Easy

Privacy icon

Privacy

Low

Speed icon

Speed

Super fast

Fees icon

Fees

Low

Reputation icon

Reputation

Good

Limits icon

Limits

High

Visit Site Read Review
Bitit Logo

Founded 2015

Bitit Logo

Bitit

Founded 2015

Bitit

EU based exchange supporting 15 different fiat trading pairs and dozens of coins beyond Bitcoin. This is one of the more established exchanges with a long track record and a clean UI that is easy for newbies and veterans alike.

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PROS

  • 15 fiat trading pairs
  • Multiple payment options supported
  • 50 countries supported
  • €10,000 initial weekly Neosurf cash payment limit with only 8% fees

CONS

  • Very low limits to buy without KYC
  • Tiny weekly €500 limit for credit and debit card purchases
  • Low limits overall

Supported Fiat: Yes

Payment methods include: Credit Card Bank Transfer Cash Cash Libs Wire Transfer

Headquarters: Paris, FRA

Bitcoin mobile transfer icon

Ease of Use

Easy

Privacy icon

Privacy

Low

Speed icon

Speed

Slow

Fees icon

Fees

Low

Reputation icon

Reputation

Average

Limits icon

Limits

Medium

Visit Site Read Review

The history of Bitcoin in United States

Map of United States

Bitcoin has been a prevalent source of trading in the US since its development over ten years ago. And its continued presence in the country shows no sign of waning in popularity, nor is it currently experiencing many potential legal challenges, despite the fact that its decentralized nature continues to make it difficult for governments or regulators to control it.

Early in 2013, the US Treasury designated Bitcoin as a ‘virtual currency’, and even put together a handy visual chart demonstrating how such asset trading works between two people. It was recategorized again in 2015 by the Commodity Futures Trading Commission, which classified it as a ‘commodity’.

The current status of Bitcoin in United States

Bitcoin network concept

Over the years, attempts were made to regulate Bitcoin and other virtual currencies. In one proposal, the Financial Crimes Enforcement Network (FinCEN) was quick to point out the potential for money laundering and other illegal activities associated with Bitcoin but also countered with the fact that any financial institution was susceptible to crime.

“Any financial institution, payment system, or medium of exchange has the potential to be exploited for money laundering or terrorist financing. Virtual currency is not different in this regard.”

In 2016, in one of the more important legal cryptocurrency decisions in recent memory, a federal judge made the landmark ruling that Bitcoin was, and is, in fact, money. And it happened almost by accident. While defending a criminal charge, the owner of what US prosecutors called an ‘unlicensed bitcoin exchange’ asked a judge to dismiss his case, claiming that Bitcoin did not qualify as a ‘funds’ under federal law and, therefore, he could not be held responsible for his charges. The judge, however, disagreed and upheld the definition to include Bitcoin and other cryptocurrencies.

Another landmark decision involving Bitcoin’s operating future in the US was made again in 2018––this time, the case made it all the way to the Supreme Court.

Bitcoin mining in the US is legal, though it is not recognized as legal tender in any jurisdiction. In fact, according to the Internal Revenue Service (IRS), Bitcoin and all other virtual currencies are treated as property for federal tax purposes.

There are a considerably high number of Bitcoin exchanges in the US, many of which are ranked solely on popularity. Some of the most trusted and heavily favored exchanges for Bitcoin in the US include Coinbase, BitQuick, and CoinBTM.

Explore more exchanges