Buy Crypto & Bitcoin in Alaska

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eToroeToro

eToro allows you to buy Bitcoin & crypto in the United States.

It offers a free wallet, app, and is easy and quick to use for purchases.

Limited-time offer: Get $10 free once you trade $100 worth of cryptocurrency.

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. BuyBitcoinWorldwide.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Visit eToro's Website

Pros
  • Trusted exchange with 25+ million users
  • Easy to use to buy
  • The interface is clean and many coins supported
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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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
Low
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Reputation
Trusted
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Limits
High

UpholdUphold

Crypto exchange established in 2015. United States residents can buy bitcoin & crypto via wire transfer, credit card, debit card and ACH transfer.

Visit Uphold's Website

Pros
  • Ability to also buy gold and silver
Cons
  • Requires ID verification, so not private
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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
Low
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Reputation
Trusted
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Limits
High

GeminiGemini

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.

Visit Gemini's Website

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
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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
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Reputation
Trusted
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Limits
High

RobinhoodRobinhood

Robinhood is a popular US-based exchange regulated by FinCEN.

Users can buy Bitcoin using ACH transfers, bank accounts, and debit cards.

The platform offers commission-free trading of both Bitcoin and spot Bitcoin ETFs like IBIT and FBTC.

Robinhood is trusted by millions of users and provides a free mobile app for iOS and Android. Visit Robinhood's Website

Pros
  • Commission-free crypto trading
  • Also offers spot Bitcoin ETFs
  • Regulated by FinCEN and SEC
  • User-friendly mobile app
Cons
  • Only available in the US
  • Requires ID verification
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Ease of Use
Easy
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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

CoinbaseCoinbase

Coinbase is one of the largest exchanges, with over 100 million users.

USA users can buy bitcoins and crypto fast and easily using Coinbase's free app or on its website.

Coinbase also offers a free wallet for its users.

Eligible US residents (excluding Hawaii) who successfully create an account and purchase crypto will receive $5 in Bitcoin (BTC) added to their Coinbase portfolio. Visit Coinbase's Website

Pros
  • Trusted exchange with 100 million+ users
  • Based in the USA; with a free wallet included
  • App available on Apple App Store & Play Store
Cons
  • Easy to use but fees can be high
  • 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
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Reputation
Trusted
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Limits
High

RiverRiver

River makes it easy to buy bitcoin. It has a clean interface, low fees and allows for automatic purchases.

It currently offers its services in all US states besides New York and Nevada.

Be sure to read our River Financial review. Visit River's Website

Pros
  • Very clean interface
  • Unique recurring buy feature
Cons
  • Bitcoin-only, no support for other coins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

UnchainedUnchained

Unchained offers a secure way to buy bitcoins, with human help.

They also offer Bitcoin IRAs and inheritance planning.

Visit Unchained's Website

Pros
  • Tax-advantaged Bitcoin savings
  • Can also setup secure storage
Cons
  • No simple wallet
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
High
reputation icon
Reputation
Trusted
limits icon
Limits
High

Coinbase Advanced TraderCoinbase Advanced Trader

Coinbase's exchange, Coinbase Advanced Trader (formerly called 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 Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate. Visit Coinbase Advanced Trader's Website

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • The user interface is confusing for first-time buyers
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Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Bitcoin ATMsBitcoin ATMs

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%. View Bitcoin ATMs

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

The State of Bitcoin in Alaska


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Bitcoin & Cryptocurrency Trading in Alaska


Alaska is one of the top 5 US states that is falling behind on Bitcoin and other digital currencies. At the moment, there isn't a single Bitcoin ATM or teller in the state. Simply put, people don't have anywhere to buy or sell their Bitcoin, only online.

A report by Crescent Electric Supply Company on bitcoin mining in the US puts Alaska in the company of Hawaii, Connecticut, Massachusetts, and New Hampshire. These are the worst US states for mining as the costs are far too great.

Isolated states have it worse than others because they don't have a developed energy infrastructure. Not only are their energy rates are really high, but it's also difficult to supply energy for large Bitcoin mining farms. Alaska has an average cost per mining a single Bitcoin at $7,059, with only Hawaii being more expensive at $9,483.


Anchorage, the capital of Alaska

Alaska defines digital currencies as digital units meant for exchange that rely on decentralized repositories. They have a pending bill HB 180, which was referred to authorities in 2018. If this bill passes, those companies that deal with digital coins will be regulated as currency exchange or money transmitters who need an adequate license.

At the moment, Alaska is a gray state without any Bitcoin regulation. However, mining is really poor, and there are only a small number of individuals who engage in such practices. At the same time, Bitcoin payments are popular in Alaska. But if you want to invest in mining or trading Bitcoin, there are many better states in the US to do so.


abstract of the HB180 bill awaiting votes

One of the easiest ways to buy Bitcoin in Alaska is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Alaska, 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.

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. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.




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Hacks and Crypto Scams in Alaska


Crypto Alasks Ltd.

Cryto Alaska is known ponzi scheme running out of another country (currently unknown). The scheme targets Alaska residents and guarantees to double any Bitcoin investment in 24 hours.


Crypto Alaska scam home page

It should go without saying, but any service or investment opportunity that guarantees to double your money (especially in 24 hours) is either running a ponzi scheme (where they pay you out of new investor funds) or, in this case, they just accept your bitcoins and never talk to you again.

Do not send these scammers any of your cryptocurrency.


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FAQ


Does Binance Work in Alaska?

Binance homepage

Yes, Binance is available for customers in Alaska.

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. It’s a good idea to make sure that the Binance US coin support list shows the coin you want to buy.

Does Coinbase work in Alaska?

coinbase homepage

Users in Hawaii cannot use any of Coinbase’s services.

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

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in Alaska?

gemini homepage

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

Does Coinmama work in Alaska?

coinmama homepage

Users in Alaska can use all of Coinmama's products and services.

Does Kraken work in Alaska?

kraken homepage

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

What Alaska banks and credit unions are compatible with Bitcoin?

Currently, no banks or credit unions in Alaska will accept Bitcoin deposits. Alaska has a long way to go until we see any sort of legislation allowing traditional banking institutions to cusotdy Bitcoin or other cryptocurrencies for its customers.

Where Can I Find a Bitcoin ATM in Alaska?


There are currently no Bitcoin ATMs in Alaska.


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