Buy Crypto & Bitcoin in Minnesota

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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

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
fees icon
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

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
privacy icon
Privacy
Low
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Speed
Fast
fees icon
Fees
High
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Reputation
Trusted
limits icon
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
privacy icon
Privacy
Low
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Speed
Average
fees icon
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
privacy icon
Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
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. 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
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
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 Minnesota


On August 20, 2020, the first virtual town hall about cryptocurrency led by Tom Emmer, a U.S. congressman from Minnesota and chairman of the National Republican Congressional Committee (NRCC).


A view of Saint Paul - the capital of the state of Minnesota

The announcement was made on Emmer’s campaign website. The town hall was meant to celebrate innovators leading the development of virtual currencies and to find ways to keep the United States on the cutting edge of innovation.

If you want to be part of that innovation, one of the easiest ways to buy Bitcoin in Minnesota is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Minnesota, 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. If you don’t have a wallet, refer to our guide on the Best Bitcoin and Cryptocurrency Wallets to choose one.

Another way to buy Bitcoins in Minnesota 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. You can see some of the available Bitcoin ATMs in Minnesota below.



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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Hacks and Crypto Scams in Minnesota


As of February of 2021, we could find no exchange hacks or significant scams affecting Minnesota or its citizens. We will update this page if/when any news of scams or exchange hacks occur in Minnesota.


So far, your Bitcoins are very safe in Minnesota

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Bitcoin Mining in Minnesota


Check the map below to see how much it would cost to mine one Bitcoin in Minnesota:


cost to mine 1 bitcoin in each state

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FAQ


Does Binance Work in Minnesota?

Binance homepage

Yes, Binance is available for customers in Minnesota.

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 Minnesota?

coinbase homepage

Users in Minnesota can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in Minnesota?

gemini homepage

Users in Minnesota can use all of Gemini’s products and services.

Does Coinmama work in Minnesota?

coinmama homepage

Users in Minnesota can use all of Coinmama’s products and services.

Does Kraken work in Minnesota?

kraken homepage

Users in Minnesota can use all of Kraken’s products and services.

Where Can I Find a Bitcoin ATM in Minnesota?

The best way to find a Bitcoin ATM in Minnesota 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 can I spend Bitcoin in Minnesota?

In Minnesota, there are many places where you can spend your Bitcoins, like: restaurants, coffee shops, transportation, grocery stores, attractions. The best way to find locations is to use coinmap.org. From there you can search every location that accepts Bitcoin.


How many Bitcoin ATMs are there in Minnesota?

There are about 115 Bitcoin ATMs in Minnesota.

How do I cash out of Bitcoin in Minnesota?

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

Another way to sell Bitcoins in Minnesota 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.

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.



You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University. 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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