We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
eToro is a trading platform based in the United States. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer or ACH. It also offers unique features like copy trading.
Limited time offer: Get $10 free once you trade $100 worth of cryptocurrency.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."
Crypto exchange established in 2015. United States residents can buy bitcoin & crypto via wire transfer, credit card, debit card and ACH transfer.
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.
Bitcoin IRA offers a tax-advantaged way to invest in Bitcoin and Ethereum using your 401k or other retirement savings.
Bitcoin IRA is a US licensed IRA custodian, so you know your crypto or Bitcoin IRA is in full compliance with the Federal Government.
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 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 Nevad.
Be sure to read our River Financial review.
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 is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe, UK, Singapore, and Canada.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
Get $5 in free bitcoin after you sign up on Coinbase and make your first trade.
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.
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%.
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.
The Department of Labor, Licensing, and Regulation in Maryland gave a warning to consumers using virtual currencies, as there is no uniformed regulation. However, this doesn't affect traders or miners in any way.
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.
There are three main types of Bitcoin wallet and all of them are supported in Maryland:
The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.
Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.
Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in Maryland that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.
Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in Maryland that allow you to buy litecoin and other crypto assets for good exchange rates.
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 hesend 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 owwner of the Bitcoin ATM refunded the man his money.
In 2018, the attourney general of Maryland annouced 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 promissing 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 provicial securities laws.
Yes, Binance is available for customers in Maryland.
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.
Users in Maryland can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:
Users in Maryland can use all of Gemini’s products and services.
Users in Maryland can use all of Coinmama’s products and services.
Users in Maryland can use all of Kraken’s products and services.
As of now, Kucoin does not accept customers from any US state, including 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.
According to www.coinatmradar.com, these are the cities in the state of Maryland where Bitcoin can be eschanged for cash: Baltimore, Clinton, Columbia, Cumberland, Easton, Edgewater, Frederick, Marlow Heights, Ocean City, Salisbury, Silver Spring, Suitland, Townson.
Any exchange listed above will allow you to sell your Bitcoin for fiat currency.
Another way to sell Bitcoins in Maryland is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.
And, as mentioned previously, you can also use LocalBitcoins.
You could also use a service like eGifter to sell your Bitcoin for gift cards.