Easiest and cheapest ways to buy crypto in Virginia
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Virginia is a bit harder than in some other countries so we have compiled a list of exchanges where Virginia citizens can buy bitcoin.
Coinbase is a well-known and popular cryptocurrency exchange platform that offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, and more. The platform has user-friendly design, advanced trading tools, and educational content to help users learn about different cryptocurrencies. It also offers a mobile app, crypto rewards, and a Coinbase debit card that allows users to spend their cryptocurrencies. However, it has a complex fee structure and high fees on certain transactions, as well as limited staking and interest opportunities.
⚡️ Deposit fees: Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 ⚡️ Withdrawal fees: SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.)Coinbase USD wallet: 1.49%Wire Transfer USD: $25 ⚡️ Trading fees: Fees vary ⚡️ Payment Methods: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more
High liquidity & limits Great for newcomers “Instant Buy” is available when buying with a debit card
High fees with debit and credit card purchases Privacy concerns
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Cex.io is one of the oldest exchanges in the crypto world. It was launched in 2013 as a Bitcoin exchange and cloud mining provider, but today it is a global multi-functional crypto platform with over 4 million users.
CEX.IO is a regulated global cryptocurrency exchange that offers a range of services including spot trading, margin trading, staking, leverage, lending, and savings. The platform supports over 100 digital currencies and tokens and is available in almost all countries and 48 states in the US. It is suitable for both experienced traders and beginners, but may be overwhelming for those new to crypto due to the number of products and services offered. CEX.IO has over 4 million users and is known for its regulatory compliance, but it has lower liquidity compared to some other leading exchanges. It is important to note that cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC), so investors using a custodial exchange could potentially lose their funds as unsecured creditors.
Reputation is high Longevity on the crypto market Over 4 million users Advanced features such as spot trading, margin trading, staking as a service, crypto loans, and savings accounts
Extensive Verification Process to Increase Purchasing Limits
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
Kraken is one of the largest cryptocurrency exchanges. It has been around for a very long time since it was launched back in 2011. In fact, Kraken is a part of crypto exchanges “big three” alongside Binance and Coinbase. It has millions of users around the world with strategic investors and the international market behind it.
San Francisco, California is where you will find Kraken’s headquarters. Jesse Powell is the founder and CEO of the company. Kraken offers advanced trading services such as leveraged positions, margin trading, limit orders, advanced orders with predefined triggers, and short selling. Staking is also available on Kraken. Security is on a very high level.
⚡️ Deposit fees: EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) ⚡️ Withdrawal fees: Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) ⚡️ Trading fees: Maker: 0.16% Taker: 0.28% ⚡️ Payment Methods: Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko ⚡️ Supported fiat: USD, EUR, GBP, JPY, CAD
Advanced trading and staking features It has been active on the crypto market for a very long time It has a good reputation Advanced trading and staking services
Fees are fairly high No derivates or futures trading
Best Bitcoin Wallets in Virginia
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 Brazil?
The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
LocalBitcoins is one of the largest peer-to-peer service platforms on the crypto market. It was launched in 2012 in Finland and was founded by Nikolaus Kangas. Since then, LocalBitcoins has achieved enormous growth, which led to it becoming the leading marketplace for Bitcoin exchange services. The only currency LocalBitcoins supports is Bitcoin.
The feature that makes LocalBitcoins unique is the direct contact between users. Most exchanges match sellers and buyers manually without the possibility of communicating directly. Users from all around the world can meet and trade Bitcoins through a fairly simple process. This is why LocalBitcoins is considered to be the “Craigslist” of Bitcoin. The platform is accessible worldwide, precisely in 248 countries.
However, services of LocalBitcoins aren’t available in Washington and New York. Features such as futures trading, derivatives, margin trading, short selling, or any other option aren’t supported. This is because LocalBitcoins doesn’t work as a traditional trading platform.
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD + more
Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.
Being one of the longest-lasting P2P Bitcoin exchanges, Paxful offers its users a straightforward and easy-to-use platform where they can buy, sell and trade supported crypto fast. When it comes to supported cryptocurrencies, Paxful supports only 3: Bitcoin, Ethereum, and Tether USD. However, the volume of Bitcoin trading is very high. On the other hand, Paxful supports a stunning amount of fiat currencies, more than 140 different ones.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0.5% – 5% ⚡️ Trading fees: No buyer fee, seller fee varies from 0.5% to 5% ⚡️ Payment Methods: Over 350 payment methods are available ⚡️ Supported fiat: USD, EUR, GBP, CAD, AUD, and many more
Safe Escrow trading Various payment methods Responsive support forum Support for a large number of fiat currencies
👛 Ease of Use – Easy 👛 TradingFees – Average 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
Paybis is a widely popular crypto exchange. The exchange was launched back in 2014 so it is not a new player on the crypto market. Paybis is based in Scotland and in the UK with offices in the Scottish city of Glasgow, along with offices in Riga, in Latvia.
Paybis is suitable for users who want long-term investments and has a larger user base. It is available in more Paybis has a large user base and most of its users want long-term investments. The exchange is available to over 180 countries worldwide, including the USA. It supports around 40 cryptocurrencies.
As per Paybis’s website, the main features of the platform are Round-the-clock support, Worldwide access, Fast security checks, high-level security, and Instant payouts.
⚡️ Deposit fees: Free (there is a transaction fee – 2.49%) ⚡️ Withdrawal fees: Free ⚡️ Trading fees: 0.99 – 2.49 % ⚡️ Payment Methods: Bank Transfer, Credit/Debit Card, Skrill, and Neteller. ⚡️ Supported fiat: USD, EUR, GBP, and 40+ more
The longevity of the crypto market Easy-to-use interface A lot of payment methods and fiat currencies supported A regulated platform
The limited number of supported crypto assets No advanced trading features
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, GBP, EUR + more
One of the crypto exchanges that has been around since 2015 is Uphold. Its headquarters is in NY, the US. Uphold is in fact a multi-functional exchange of different assets, with not only just buying and selling cryptocurrencies.
A beginner-friendly interface is the first thing you will notice about Uphold. The main advantage of the platform is trading directly between asset classes with fixed payments, offering a future where all users have access to financial services – all thanks to the unique “Anything-to-Anything” trading service.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Free ⚡️ Trading fees: Based on spreads ⚡️ Service fees: 1% – 3% ⚡️ Payment Methods: Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc. ⚡️ Supported fiat: USD, GBP, EUR, and 15+ more
Low fees when compared to top exchanges It is regulated by the US laws A beginner-friendly interface Unique “Anything-to-anything” trading service Low fees
A less organized educational section Customer support can be better Various trading limitations
Frequently asked questions about buying Bitcoin in Virginia
Is Coinbase legal in Virginia❓
Yes, Coinbase is licensed in Virginia.
Where can I find a Bitcoin machine in Virginia❓
There are a few Bitcoin ATMs in Virginia located in various places such as C Mart-North Main Street and Citgo Gas Station-Princess Anne Road.
How do beginners buy bitcoins❓
You can easily buy bitcoin on any of the exchanges mentioned in this article.
Is cryptocurrency legal in Virginia❓
“The Virginia Bureau of Financial Institutions (“Bureau”) does not currently regulate virtual currencies; however, to the extent virtual currency transactions also involve the transfer of fiat currency (such as U.S. Dollars, Euros, and Japanese Yen), they may be regulated under Chapter 19 of Title 6.2 of the Code of Virginia (Money Order Sellers and Money Transmitters), § 6.2- 1900, et seq.”
Does Coinbase report to IRS❓
Yes, Coinbase reports to the IRS.
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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com
I am Petar and I come from a small country in South-Eastern Europe called Serbia. I am a big-time crypto enthusiast and I am proud to be a part of the project. My job with Captainaltcoin is the content editor and content writer position.
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