Buy Crypto & Bitcoin in Virginia

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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

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

RobinhoodRobinhood

Robinhood is a popular US-based exchange regulated by FinCEN.

Users can buy Bitcoin using ACH transfers, bank accounts, and debit cards.

The platform offers commission-free trading of both Bitcoin and spot Bitcoin ETFs like IBIT and FBTC.

Robinhood is trusted by millions of users and provides a free mobile app for iOS and Android. Visit Robinhood's Website

Pros
  • Commission-free crypto trading
  • Also offers spot Bitcoin ETFs
  • Regulated by FinCEN and SEC
  • User-friendly mobile app
Cons
  • Only available in the US
  • Requires ID verification
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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
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

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
fees icon
Fees
High
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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. 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
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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 Virginia


At the beginning of 2018, Virginia lawmakers Established a study group to understand, research, and explore how blockchain could improve government operations. The study group didn’t receive any official budget, so the House of Delegates created a cryptocurrency wallet for private donations to fund its work.


A view of Richmond - the capital of the state of Virginia

At the same time, the state Senate put together another bill that was ment to reseach the impact of cryptocurrencies on Virgian’s citizens every day life.

Virginia's government is clearly bullish on blockchain and so are its citizens.

If you are a citizen of Virginia and are also interested in Bitcoin, one of the easiest ways to buy in Virginia is through the cryptocurrency exchanges outlined above. There are several exchanges offering Bitcoin in Virginia, 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 Virginia 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.



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 Virginia


In 2018, there were several reported Bitcoin scams in Loudon and Norfolk, Virginia. The scammers sent letters to victims, demanding money to be wired in Bitcoin, or else their “secrets” would be revealed or their personal information would be published online.

News article about Bitcoin scam in Virginia

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Bitcoin Mining in Virginia


In 2018, BCause, the largest digital mining data center in North America, was launched. The company invested $64.8 million in 84,000 square foot headquarters and data centers. Yet, in 2019 BCause Mining filed for bankruptcy, so a federal judge approved the motion for liquidation.

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


cost to mine 1 bitcoin in each state

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FAQ


Does Binance Work in Virginia?

Binance homepage

Yes, Binance is available for customers in Virginia.

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 Virginia?

coinbase homepage

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

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in Virginia?

gemini homepage

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

Does Coinmama work in Virginia?

coinmama homepage

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

Does Kraken work in Virginia?

kraken homepage

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

Where Can I Find a Bitcoin ATM in Virginia?

The best way to find a Bitcoin ATM in Virginia 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.


How is cashing out of Bitcoin taxed in Virginia?

According to the IRS "the sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or services, or holding virtual currencies as an investment, generally has tax consequences that could result in tax liability".

How do I cash out of Bitcoin in Virginia?

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

Another way to sell Bitcoins in Virginia 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.


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