Buy Crypto & Bitcoin in Florida

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

Florida offers many places to buy bitcoins due to its pro-business environment. We've listed the top exchanges below.

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

KrakenKraken

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and one of the largest in based on daily average trading volume. It is available in almost all countries.

Deposits can be made via bank wire, ACH and SWIFT. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins. Visit Kraken's Website

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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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
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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

Bitcoin IRABitcoin IRA

Bitcoin IRA offers a tax-advantaged way to acquire Bitcoin via an IRA.

Visit Bitcoin IRA's Website

Pros
  • Tax-advantaged Bitcoin savings
  • Easy to set up an account
Cons
  • Cannot custody the Bitcoin yourself
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Ease of Use
Average
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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

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

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

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.

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
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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

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Bitcoin & Cryptocurrency Trading in Florida


House Bill 1379 in Florida defines cryptos and prohibits laundering of virtual currency. Thanks to tough legal requirements, selling Bitcoin in the state requires a Money Services license in addition to the maintenance of an anti-money laundering program.

Such restrictions make Florida a difficult state to do Bitcoin-related businesses in. Mining activity in the state is also limited. There are some small companies mining cryptocurrencies in the state but no major corporation has started a mining hub.


picture of miami florida
A view of the city of Miami in Southern Florida, a growing tech hub. Many companies have left New York and moved to Miami.

Despite this, the Florida environment is changing. In March 2022, Florida Governor Ron DeSantis said, “We will accept Bitcoin, we're working on doing that, for payments in the state of Florida. I've told the state agencies to figure out ways where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that."

If you do want to buy Bitcoin in Florida, one of the easiest ways is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Florida, 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.

Another way to buy Bitcoins in Florida is through automated teller machines (ATMs). These ATMs allow users to instantly purchase the cryptocurrency using cash, and most of them only require a telephone number for verification, so long as you aren’t buying a lot of Bitcoin. This makes them more private than exchanges.

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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Bitcoin Mining in Florida


Florida offers cheap energy cost relative to the rest of the US, but there may be new reasons for miners to consider Florida.

In June 2021, Miami Mayor Francis Suarez began promoting Miami has an alternative to China for bitcoin mining companies. He is even talking about creating enterprise zones that would offer tax and infrastructure incentives to encourage mining companies to move to the city.

Suarez has been an advocate of bitcoin for some time, and he is excited about the prospect of Miami becoming a bitcoin mining destination. But he knows that there is competition with other states that may offer a more friendly crypto environment.

Bitcoin mining is also not ideal in Florida because of the state's high temperature. Bitcoin miners need to be cooled. Since there is so much heat, running cooling fans to cool the miners would cost too much in Florida for miners to be profitable.


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Hacks and Crypto Scams in Florida


Twitter Hack

In mid-2020, a Florida teenager allegedly gained access to Twitter's backend and administrative dashboard with the help of two accomplices (neither of which worked for twitter). With this access, the teen was able to control any twitter account he wanted.

He used this access to send tweets out using famous personalities, such as Joe Biden, Bill Gates, and Elon musk. In the tweets, he told followers to send Bitcoin to an address so he could send them back double what he received.


An example of a hacked Obama tweet asking followers to send Bitcoin

In total, the teen stole around $100,000 worth of Bitcoin before being shut out by Twitter.

Ultimately, the teen was caught and is facing 30 felony charges.

If any famous person asks you to send them Bitcoin, on twitter or elsewhere, it is best to assume the celebrity is being impersonated by a hacker. Do not send them Bitcoin.

Crypto Ponzi

In October 2022, Joshua David Nicholas, a Florida resident, plead guilty to a crypto ponzi scheme defrauding investors of over $100 million. He was EmpiresX’s “head trader” and guaranteed returns of up to 1% a day using an artificial intelligence "trading bot." Don't fall for promises of outrageous returns and do your research on any company before investing or transfer crypto to there exchanges.


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FAQ


Exchange Name Support for Florida
Binance.us
Coinbase
Coinmama
Kraken
Kucoin
Gemini
Uphold
eToro
Luno
Crypto.com

Where Can I Find a Bitcoin ATM in Florida?

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

Here, you can filter by any of the most popular cryptocurrencies and find ATMs that support buying, selling, or both.

Is the Bitcoin Conference in Florida every year?

The Bitcoin Conference by Bitcoin Magazine was hosted in Miami, Florida in 2023 and 2022. However, in 2024 the conference is moving to Nashville, Tennessee. The company claimed there was no issue with Miami, but that they want to expose more people to Bitcoin. By moving the conference to another city, they hope more people will come that have never been around a bitcoin environment.

Is governor Ron Desantis accepting Bitcoin donations?

Florida Governor Ron DeSantis called off an event where he was set to announce acceptance of cryptocurrency contributions for his 2024 presidential bid due to the impending Hurricane Idalia.

Expected to receive donations in cryptocurrency at a cocktail-hour fundraiser, DeSantis canceled events and prioritized informing Florida residents about the storm. Announced in May, DeSantis's presidential campaign has taken stances significant to the crypto community. In July, he pledged to prohibit central bank digital currencies if he wins the presidency. Despite this, his campaign website mentioned only fiat donations via credit card.

With DeSantis behind in polls compared to Donald Trump, accepting cryptocurrency could differentiate him from other candidates. Miami Mayor Francis Suarez and Robert F. Kennedy Jr. are among the few to accept crypto donations. Historically, cryptocurrency contributions haven't drastically impacted federal campaign outcomes. Lastly, regulations surrounding crypto donations have been under consideration by U.S. lawmakers.

Where is Bitcoin accepted in Florida?

Bitcoin is accepted at lots of stores and service providers all over Florida. So many, in fact, that we couldn't possibly list them all here. However, you can find specific kinds of services and goods filterable on a map over at coinmap.org.

florida bitcoin retailers heatmap

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. WSJ - Miami’s Love Affair With Crypto Is Souring as Bitcoin Faithful Flock to the City, https://www.wsj.com/articles/miamis-love-affair-with-crypto-is-souring-as-bitcoin-faithful-flock-to-the-city-9244f0d9
  2. Local10 - Miami was once coined the ‘crypto capital’ by its mayor, but how are things looking now?, https://www.local10.com/news/local/2022/12/13/miami-was-once-coined-the-crypto-capital-by-its-mayor-but-how-are-things-looking-now/
  3. CNBC - 17-year-old accused of masterminding Twitter bitcoin scam, https://www.cnbc.com/2020/07/31/twitter-bitcoin-scam-masterminded-by-17-year-old.html
  4. Benzinga - Bitcoin Conference 2024: Swapping Miami Heat For Nashville Beats, https://www.benzinga.com/markets/cryptocurrency/23/06/32779449/bitcoin-conference-2024-swapping-miami-heat-for-nashville-beats

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.



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