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eToro 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.
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Bitcoin IRA
Bitcoin IRA offers a tax-advantaged way to acquire Bitcoin via an IRA.
Visit Bitcoin IRA's Website
Gemini
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.
Uphold
Crypto exchange established in 2015. United States residents can buy bitcoin & crypto via wire transfer, credit card, debit card and ACH transfer.
Coinmama Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.
Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.
River 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.
Swan Bitcoin Swan Bitcoin is a dollar cost averaging Bitcoin exchange, where users can set up recurring Bitcoin purchases to be drafted from their bank account or credit card every month or week.
Get $10 in free BTC when you make your first purchase.
Coinbase Advanced Trader Coinbase's exchange, 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 Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.
Bitcoin 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
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As of October 2021, Maryland allows cryptocurrency businesses and exchanges to operate in the state under the "money transmission" legal codes. Guidance from the Maryland Office of the Commissioner of Financial Regulation website states, “an administrator or exchanger that accepts and transmits a convertible virtual currency or buys or sells convertible virtual currency for any reason is a money transmitter under federal regulations.” The Office states on its regulated industries page that its regulation of money transmission is “including transmission of virtual currency.”
Companies that have activities that fit under the Maryland Money Transmission Act from 2010 need licensing. Apart from bills proposed to study cryptocurrency legislation there have been no proposed bills to change the way bitcoin is regulated in the state.
In April 2022, the Porsche Towson dealership announced that it would accept bitcoin and other cryptocurrencies as payment using BitPay for processing the payment.
The University of Maryland website describes the benefit of donating cryptocurrency to the university and provides a list of accepted cryptocurrencies.
Cryptocurrencies are not a problem in Maryland and one of the easiest ways to buy Bitcoin is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Maryland, 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 Maryland 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. This makes them more private than exchanges.
You can use our Bitcoin ATM finder tool to find the one nearest you.
They are located in Salisbury, Washington, Baltimore, and Aspen and many other cities. The state also has ATMs for buying and selling other cryptocurrencies like Dogecoin, Monero, Zcash, Litecoin, Dash, and Ether. However, there are far fewer ATMs for these coins.
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. Similar to craigslist, this does introduce a degree of risk,. You can minimize that risk by conducting all business on the platform, making use of its escrow services, and only trading with users who have a good reputation.
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In 2017, a man from Maryland became a scam victim after attempting to buy his dream car online. Via email, the seller of the car requested that he send the money through a Bitcoin ATM. The man made the transaction, but never received the car or got a response to his emails.
Thankfully, the owner of the Bitcoin ATM refunded the man his money.
In 2018, the attorney general of Maryland announced that state regulators would be participating in 'Operation Cryptosweep', a joint initiative of state and provincial securities regulators in the United States and Canada.
Through this initiative, the Maryland Securities Division began enforcement actions against a Bitcoin trading platform that was promising 150% profit to its investors. By the fall of 2018, the investigators had revealed more than 200 investigations into crypto-related activities that could be violations of both state and provincial securities laws.
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| Exchange Name | Support for Maryland |
|---|---|
| Binance.us | Yes |
| Coinbase | Yes |
| Coinmama | Yes |
| Kraken | Yes |
| Kucoin | No |
| Gemini | Yes |
| Uphold | Yes |
| Luno | No |
| Crypto.com | Yes |
The best way to find a Bitcoin ATM in Maryland 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.
According to www.coinatmradar.com, these are the cities in the state of Maryland where Bitcoin can be exchanged for cash: Baltimore, Clinton, Columbia, Cumberland, Easton, Edgewater, Frederick, Marlow Heights, Ocean City, Salisbury, Silver Spring, Suitland, Towson.
Any exchange listed above will allow you to sell your Bitcoin for fiat currency in Maryland.
Coinbase