How To Buy Bitcoin in Alabama?
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Easiest and cheapest ways to buy crypto in Alabama
Getting bitcoins in Alabama is not an easy task as not all popular crypto exchanges are available to citizens in Alabama. This is a current list of bitcoin exchanges that allow users from Alabama to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
Deposit fees:
Free
Withdrawal fees:
0.001 BTC
Trading fees:
0.10% β 0.35%
Payment Methods:
Credit/debit cards, Local bank transfer
Supported fiat:
USD
Β Ability to set real-time market limit orders
Β Low fees
Β Clean user interface
Strong reputation
Exclusive to a limited number of countries
Crypto.com
Fees β Medium
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, CAD, and 10+ more
Crypto.com is a prominentΒ cryptocurrencyΒ exchange with support for a range of crypto assets and blockchain-related products.
More info +
Deposit fees:
Free
Withdrawal fees:
Vary from coin to coin
Trading fees:
0.04% β 0.2 %
Payment Methods:
Credit card, Cryptocurrency, PayPal, Wise, SEPA
Supported fiat:
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR, and more
Β An extensive list of supported cryptocurrencies
Β Transparent, competitive fees with discounts available
Β Support for an ecosystem of cryptocurrency products
Higher fees unless you hold and use CRO
Poor customer support
Trading fee discounts can be confusing to navigate
Uphold
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, GBP, EUR + more
Uphold is one of the most unique crypto platforms because it integrates both digital and physical asset trading. It was launched in 2015 in New York, and it quickly gained recognition by using proprietary technology and various e-money apps as the foundation. Commodity trading is one more unique feature that makes this crypto exchange stand out.
More info +
Uphold is supported in more than 180 countries worldwide, and it has around 10 million registered users. However, as of 2022, UK and EU users can no longer create accounts on the platform. The users from these countries that already have accounts will not be affected.
Deposit fees:
Free
Withdrawal fees:
Free
Trading fees:
Based on spreads
Service fees:
1% β 3%
Payment Methods:
Debit/credit cards and (SEPA) bank transfers.
Supported fiat:
USD, GBP, EUR, and 15+ more
Β Cross-asset trading feature
Β Simple registration process
Β Extremely low fees
More than 60 supported cryptocurrencies
No live chat support
No fixed trading fees
Best Bitcoin Wallets in Alabama
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets. The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.
extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account
No major flaws
ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux
One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains
Not completely open source
Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.
Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet
Small display
complicated to setup for newbies
Read also:
- How To Buy Bitcoin in Romania?
- How To Buy Bitcoin in Greece?
- How To Buy Bitcoin in Norway?
- How To Buy Bitcoin in Atlanta?
Kraken
Fees β Average
Verification β 2-3 Days
Reputation β Trusted
Supported fiat β USD, EUR, GBP, JPY, CAD
Kraken is one of the oldest and biggest centralized cryptocurrency exchanges on the market. It was founded in San Francisco, California, the United States, in 2011. It has over 6 million users all over the world. Kraken offers 90+ cryptocurrencies that you can buy, sell, and trade.
More info +
Deposit fees:
EUR SEPA Deposit (Free) β EEA countries only USD Bank Wire Deposit ($5 USD) β US onlyEUR Bank Wire Deposit (β¬10) β outside the US only USD Bank Wire Deposit ($10 USD) β outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) β Japan-only USD, Wire Deposit (Free)
Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (β¬0.09) β EEA countries only USD Bank Wire Withdrawal ($5 USD) β US only USD Bank Wire Withdrawal ($60 USD) β outside US onlyEUR Bank Wire Withdrawal (β¬60) β outside US onlyJPY Bank withdrawal (Β₯20) β Japan onlyCAD EFT Withdrawal ($10 CAD)
Trading fees:
Maker: 0.16%Taker: 0.28%
Payment Methods:
Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko
Supported fiat:
USD, EUR, GBP, JPY, CAD
Β 170+ countries supported
Β Never been hacked
Β Mobile App (iOS and Android)
Various payment methods
A wide range of cryptocurrencies is available
Fees slightly above the industry average
Limited customer support
CoinSmart
Fees β Low
Verification β 1 Day
Reputation β Trusted
Supported fiat β CAD
Coinsmart is one of the most popular Canadian crypto exchange alternatives. It was founded in 2018 by Justin Hartzman and Jeremy Koven. Considering that itβs a relatively new exchange, Coinsmart has managed to come a long way and build a reputation through its strong customer support and wide range of custom tools.
More info +
Deposit fees:
0 β 6 %
Withdrawal fees:
1% ($15 Minimum)
Trading fees:
0.20% for a single trade and 0.40% for double trade
Payment Methods:
Interac E-transfer, Bank draft, SEPA, Wire transfer, Credit card, Debit card, Simplex, and Crypto assets
Supported fiat:
CAD
Β Beginner-friendly
Β Strong customer support
Β Includes a referral program
Supported by Canadian Bank
USA citizens canβt use the platform
A limited list of supported cryptos
Paxful
Fees β Average
Verification β 1 Day
Reputation β Trusted
Supported fiat β USD, EUR, GBP, CAD, AUD + more
Founded back in 2015, with its headquarters in New York, United States, a cryptocurrency exchange platform Paxful offers its services to nearly 5 million users around the globe.
More info +
Deposit fees:
Free
Withdrawal fees:
0.5% β 5%
Trading fees:
No buyer fee, seller fee varies from 0.5% to 5%
Payment Methods:
Over 350 payment methods are available
Supported fiat:
USD, EUR, GBP, CAD, AUD, and many more
Β Safe Escrow trading
Β Various payment methods
Responsive support forum
Support for a large number of fiat currencies
A bit higher fees
A lot of scammers
Coinbase
Fees β Average
Verification β 1 Day
Reputation β Trusted
Supported fiat β EUR, USD, and 50+ more
If we want to mention the biggest cryptocurrency exchanges in the world, Coinbase is most likely the first name that comes to our mind. Coinbase is a very powerful crypto platform, especially in the US.
More info +
Deposit fees:
Credit/Debit Card: 3.99%SEPA: β¬0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
Withdrawal fees:
SEPA: β¬0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25
Trading fees:
Fees vary
Payment Methods:
Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer,
Supported fiat:
USD, EUR, GBP, AUD, CAD, CNY & 50+ more
Β Very large user base and extremely popular
Β Debit card available
Β A variety of fiat currencies supported
Over 100 cryptocurrencies supported
No future or margin trading
Fees are fairly high
Frequently asked questions about buying Bitcoin in Alabama
Yes, Coinbase is available in Alabama.
Hereβs a quick guide for buying your first Bitcoin:
Step 1 β Get a Bitcoin wallet.
Step 2 β Locate your Bitcoin address.
Step 3 β Choose the amount of Bitcoin to buy.
Step 4 β You will be navigated to Binance, where you can enter your Bitcoin address and payment information.
Alabama has 5 Bitcoin ATMs in total and the main one is located in 9250 Atlanta Highway, Montgomery, AL, 36117.
Binance.US, the American outpost of the worldβs biggest crypto exchange, just announced it would be making its services availableΒ to Alabama residents. This marks the exchangeβs latest expansion into the US and makes Alabama the 39th eligible state to use Binance.US platform.
Alabama introduces legislation toΒ exempt cryptocurrencyΒ from property tax. Blog SALT Shaker. An Alabama legislator has re-introduced a bill that would expressly exempt βvirtual currencyβ from ad valorem tax. Alabama broadly imposes its ad valorem tax on all property, unless expressly exempt.
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