How To Buy Bitcoin in Missouri?

This comprehensive article dives into the easiest and most cost-effective ways to purchase cryptocurrencies in the Show-Me State. It highlights key platforms like Gemini, Crypto.com, and Kraken, and offers insights into the best Bitcoin wallets available in Missouri.

This article provides valuable information on navigating the digital currency landscape in Missouri, addressing common queries and offering practical advice for secure and efficient crypto transactions.

Crypto Regulations in Missouri

Missouri has been actively involved in shaping regulations around cryptocurrency and blockchain technology. Here’s a summary of the significant developments:

  • In February 2019, Missouri’s House introduced Bill H.B. 1159, aiming to regulate digital currencies, including cryptocurrencies and blockchain technology.
  • Representative McDaniel, in May 2019, proposed Bill H.B. 1247, advocating for the acceptance of virtual currency as legal tender by the state and its political subdivisions.
  • House Bill 1277, which became law, expanded the definition of money laundering to encompass virtual currency.
  • The Missouri Senate introduced SB692, which seeks to exempt virtual currency from state, county, or local taxation.
  • Missouri updated its money laundering laws to specifically define cryptocurrency and include it under the term “monetary instruments.”
  • In March 2023, the “Digital Asset Mining Protection Act” was introduced in the Missouri House, aiming to protect home digital asset mining by preventing state and local governments from banning the operation of nodes or node networks.
  • While Missouri hasn’t banned the use of cryptocurrencies, it’s important to note the state’s proactive approach in heavily regulating them. The state is continuously working on regulating digital currencies and blockchain technology, indicating that further regulations may be introduced in the future.

Easiest and cheapest ways to buy crypto in Missouri

Getting bitcoins in Missouri is not an easy task as not all popular crypto exchanges are available to Missouri citizens. This is a current list of bitcoin exchanges that allow users from Missouri to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Trusted & high liquidity
How To Buy Bitcoin in Missouri?

Gemini

👛 Ease of Use – Easy
👛 Fees -Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD

Gemini Exchange, established in 2014 by the renowned investors and twins, Cameron and Tyler Winklevoss—who also happened to be Harvard peers of Mark Zuckerberg—is a prominent cryptocurrency exchange.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Missouri?

Crypto.com

👛 Ease of Use – Easy
👛 Fees – Medium
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, and 10+ more

Crypto.com, headquartered in Singapore, offers services like an app, exchange, wallet, and NFT marketplace. It supports over 250 cryptocurrencies, enabling users to transact in various digital assets.
More info +
Regulated & high liquidity
How To Buy Bitcoin in Missouri?

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, JPY, CAD

Kraken stands as a premier cryptocurrency exchange that has been serving the crypto community since 2011. With its platform, users can buy, sell, and trade over 220 different digital assets, including but not limited to Bitcoin, Ethereum, and Cardano. One of Kraken’s most notable features is its unwavering commitment to security, ensuring that users’ assets are protected.
More info +

Best Bitcoin Wallets in Missouri

It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.

But, which bitcoin wallet is available in this country?

The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile
Visit Now
Bottom Line
ZenGo is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
Pros
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
Cons
No major flaws
Exodus
Exodus
Desktop
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Bottom Line
Electrum is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
Pros
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Cons
Not completely open source
Ledger Nano X
Ledger Nano X
Hardware
Visit Now
Bottom Line
Ledger Nano X is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Pros
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Cons
Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity
paxful

Paxful

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

Paxful is a cryptocurrency exchange platform that has operated since 2015, with its headquarters in New York, United States. As of now, Paxful is one of the longest operating P2P Bitcoin crypto exchanges.
More info +
Regulated & high liquidity
uphold exchanges

Uphold

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, GBP, EUR + more

Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.
More info +
Established & high liquidity
Localbitcoins

LocalBitcoins

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, and more

Founded in 2012 in Finland by Nikolaus Kangas, LocalBitcoins represents one of the largest P2P (peer-to-peer) marketplaces online. Nicknamed as the “Craigslist” of Bitcoin, users can communicate and trade directly on the platform with one another. Bitcoin is the only currency supported by LocalBitcoins.
More info +
Regulated & very safe
How To Buy Bitcoin in Missouri?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, AUD

Founded in 2013 in Israel, Coinmama is one of the oldest crypto exchanges in the business. With its current headquarters in Dublin, Ireland, this centralized cryptocurrency exchange allows its users to quickly and securely buy and sell cryptocurrencies.
More info +

Frequently asked questions about buying Bitcoin in Missouri

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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