Buy Crypto & Bitcoin in Maryland

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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

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.

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

CoinmamaCoinmama

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.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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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
Average
reputation icon
Reputation
Trusted
limits icon
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
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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.

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 Maryland


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.


how to buy bitcoin in maryland

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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Hacks and Crypto Scams in Maryland


ATM Scam

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.

News article about scam in Maryland

Thankfully, the owner of the Bitcoin ATM refunded the man his money.

Operation Cryptosweep

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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FAQ


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

Where Can I Find a Bitcoin ATM in Maryland?

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.

Where do I exchange Bitcoin for Cash in Maryland?

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.

How do I cash out of Bitcoin in Maryland?

Any exchange listed above will allow you to sell your Bitcoin for fiat currency in Maryland.

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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