Buy Crypto & Bitcoin in Colorado

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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
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Fees
Low
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Reputation
Trusted
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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
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Fees
High
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Reputation
Trusted
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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
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Privacy
Low
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Speed
Average
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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

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Bitcoin & Cryptocurrency Trading in Colorado


Colorado has some of the most favorable Bitcoin and cryptocurrency laws in the United States.

The state's governor - Jared Polis - was the first U.S. representative to accept campaign donations in Bitcoin. In 2019, he signed into law Colorado's Digital Tokens Act. The Act clarifies many uncertainties relating to cryptocurrency business dealings and exempts them from the state's securities regulations as long as they are intended for a "consumptive purpose." This means that transacting in Bitcoin is not subject to securities regulation, though speculative trading and investment remain governed by those laws.

(III) Colorado has become a hub for companies and entrepreneurs that seek to utilize cryptoeconomic systems to power blockchain technology-based business models;

...

(c) [The] Colorado Digital Token Act, with limitations to protect consumers, will enable Colorado businesses that use cryptoeconomic systems to obtain growth capital and expand their businesses, thereby promoting the formation and growth of local companies and the accompanying job creation and helping make Colorado a hub for companies that are building new forms of decentralized "Web 3.0" platforms and applications.

Colorado SenateSENATE BILL 19-023, "Digital Tokens Act"

Colorado's pro-crypto laws and consumer protections means that it's a great state in which to do business.

The best way to buy Bitcoin in Colorado is by using one of the many great exchanges available in the state, which are reviewed below.

You can also use Bitcoin ATMs if you're looking to turn your cash into crypto quickly.

LocalBitcoins is another alternative. It's a peer-to-peer marketplace that supports many different payment methods, from cash in person, to bank transfers, and a range of gift cards, including Steam and Amazon.

No matter where you buy your Bitcoin, you're going to need to store it somewhere. Exchange wallets are the riskiest option, and there are much more secure options out there that suit a range of needs, from easy to use software wallets to top of the line hardware wallets.


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Hacks and Crypto Scams in Colorado


Despite the state's favorable attitude to Bitcoin, there have been a number of cryptocurrency-related scams in Colorado by people looking to make a quick buck.

One notable case occured in 2018, when the Colorado Department of Transport was hit by a ransomware attack. Ransomware typically involves hackers gaining access to an organization's internal computer systems, encrypting all their files, and demanding payment in cryptocurrency in order to unlock the files.

This particular ransomware attack - named SamSam - encypted files and renamed them "I'm sorry." A hospital in Indiana paid $55,000 to the hackers in order to regain access to their documents.

A spokeswoman for the CDoT said that they didn't plan on paying a single cent of the requested ransom, and that the Department had robust backup measures to counter this sort of attack. Over 2,000 computers were affected, though service was restored after McAfee released a patch for their security software that addressed the ransomware virus.

ransomware hand over cash

In another scam that netted a whole lot more than $55k, three men including a Coloradan were arrested over what authorities allege was a $722 million Ponzi scheme.

The co-conspirators ran a mining pool called BitClub Network from April 2014 through to December 2019. But instead of being a legitimate mining operation, Bitclub Network was a classic Ponzi. It had all the hallmarks: promising outsized returns (up to 12% daily) and offering rewards for signing up new investors.

bitclub network homepage

Bitclub Network funded the men's lavish lifestyles for more than five years, until they were charged with conspiracy to offer and sell unregistered securities and conspiracy to commit wire fraud. The first charge carries up to five years in federal prison, while the wire fraud charge could land the men behind bars for up to 20 years.


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Bitcoin Mining in Colorado


bitcoin mining in colorado

Mining has been a mainstay of Colorado's economy for more than 100 years. While the western half of the state is rich on gold and silver deposits, a new kind of mining has taken hold in Colorado in the last decade.

MGT Capital Investments, LLC. announced in 2019 that they would be relocating 6,300 S9 Antminer Bitcoin mining rigs from their previous home in northern Sweden to a new facility in Colorado Springs.

The Colorado Springs facility began operations with an initial capacity of 10 MW, and MGT plans to expand that by another 30 MW to a total of 40 MW.

MGT joined 3G Ventures - a California-based company whose operation is also located in Colorado Springs - as the largest Bitcoin miners in the state.


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FAQ


Does Binance Work in Colorado?

Binance homepage

Yes, Binance is available for customers in Colorado.

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 Colorado?

coinbase homepage

Yes, Coinbase is open for business in Colorado.

Does Gemini Work in Colorado?

gemini homepage

Gemini is available in Colorado.

Does Coinmama Work in Colorado?

coinmama homepage

Yes, Coinmama is available to Coloradan Bitcoiners.

Does Kraken Work in Colorado?

kraken homepage

Kraken - the U.S.'s second largest exchange - is open for business in Colorado.

Where Can I Find a Bitcoin ATM in Colorado?

The best way to find a Bitcoin ATM in Colorado is to use our Bitcoin ATM finder tool.

Here, you can view the closest Bitcoin ATMs to you, and even view live prices for supported digital assets.

bitcoin atms colorado


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