https://ift.tt/jqs4rLh To Buy Bitcoin in Florida?

How To Buy Bitcoin in Florida?

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Easiest and cheapest ways to buy crypto in Florida

No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Florida is a bit harder than in some other countries so we have compiled a list of exchanges where Florida citizens can buy bitcoin.

Regulated & high liquidity

coinbase

Coinbase

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – EUR, USD

Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users.

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Coinbase is one of the most popular digital currency exchanges, based in the U.S and boasting over 43 million users. Headquartered in San Francisco, California, the platform offers both an all-in-one exchange and a wallet, making it one of the easiest starting points with Bitcoin. Coinbase’s wallet and merchant services, which have won the trust of over 43 million users, have their payment platform integrated with more than 48,000 businesses worldwide.

⚑ Deposit fees:
Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10
⚑ Withdrawal fees:
SEPA: €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  High liquidity & limits
Β  Great for newcomers
Β  β€œInstant Buy” is available when buying with a debit card

High fees with debit and credit card purchases

Regulated & Established

How To Buy Bitcoin in Florida?

Cex.io

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – High
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, RUB

Cex.io is one of the crypto exchanges that has been around the longest, since 2013. At first, it started only as a Bitcoin exchange and cloud mining provider, but we can now safely say Cex.io is a g global crypto platform that has over 4 million users. The reputation of the exchange seems to be very high, mainly due to its longevity on the crypto market.

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Cex.io is a crypto platform with various services since it offers fiat to crypto purchases, spot trading
margin trading, staking as a service, crypto loans, and savings accounts. CEX is authorized as an MSB by FinCEN and has a Level 2 PCI DSS data security clearance. The exchange shows due diligence for storage, processing, and transmission of payment cards data.

⚑ Deposit fees:
Β 0 – 3.99 %
⚑ Withdrawal fees:
0 – 3 %
⚑ Trading fees:
0 – 0.25 %
⚑ Payment Methods:
Credit Card, Bank transfer, ACH, Epay, Skrill, SEPA, Faster Payments
⚑ Supported fiat:
USD, EUR, GBP, RUB

Β  Well-established and highly appreciated
Β  It has been around for a very long time
Β  Over 4 million users
Advanced trading features

Extensive Verification Process
Lower liquidity when compared to main competitors

Regulated & high liquidity

How To Buy Bitcoin in Florida?

Paybis

πŸ‘› Ease of Use – Easy
πŸ‘› Trading Fees – Average
πŸ‘› Verification – 1 day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, and more

Paybis is a cryptocurrency exchange platform that has been around for quite a while now, being founded back in 2014, and is well managed and trusted. With its headquarters in the United Kingdom, Glasgow, Paybis offers a multilingual easy to use platform to its users.

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Paybis supports 180 different countries all around the world. Their goal is to provide their users with a stable, safe, secure, and easy-to-use platform that has non-stop 24/7 customer support. Paybis is registered with FinCEN as a Money Services Business. The exchange supports 38 different cryptos, including the most popular cryptocurrencies like Bitcoin, Bitcoin Cash, Binance Coin, Ethereum, Litecoin, Litecoin, etc.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Free
⚑ Trading fees:
0.99 – 2.49 %
⚑ Payment Methods:
Bank Transfer, Credit/Debit Card, Skrill, and Neteller.
⚑ Supported fiat:
USD, EUR, GBP, and 40+ more

Β  Instantaneous transfer of funds from your wallet
Β  Solid security
Β  Transparent fees and fast transactions
24/7 support that is multilingual

Just 38 cryptocurrencies supported
Trading fees higher than the market’s average

Best Bitcoin Wallets in Florida

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.

Bottom Line
Pros
Cons
ZenGo
ZenGo
Mobile


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Bottom Line

ZenGoΒ is an easy iOS/Android Bitcoin & cryptocurrency wallet. Getting started takes less than 20 seconds.

Pros

extremely safe as it uses biometrics for security
you can buy crypto directly from it
has savings and staking account

Cons

No major flaws

Exodus
Exodus
Desktop


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Bottom Line

ElectrumΒ is one of the oldest and most popular desktop multi-currency wallets which is compatible with Windows, Mac, and Linux

Pros

One of the oldest wallets in the market
you can buy and stake directly from the wallet
supports all major coins and blockchains

Cons

Not completely open source

Ledger Nano X
Ledger Nano X
Hardware


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Bottom Line

Ledger Nano XΒ is a leading and most secure cold storage wallet that connects to your device via Bluetooth.

Pros

Safest wallet in the market
competitive price
supports a lot of coins
you can buy directly from the wallet
stake directly from the wallet

Cons

Small display
complicated to setup for newbies

Read also:

Regulated & high liquidity

How To Buy Bitcoin in Florida?

Kraken

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Average
πŸ‘› Verification – 2-3 Days
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, EUR, GBP, JPY, CAD

Founded in 2011 in San Francisco, California, Kraken is one of the oldest and largest crypto exchanges in the business. This centralized cryptocurrency exchange allows its users to quickly and securely buy and sell over 90 cryptocurrencies.

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Currently, 4 million users in over 170 countries worldwide use Kraken’s services (excluding Washington and New York in the U.S). Kraken is registered under FinCEN in the United States. Β Besides buying and selling crypto, this exchange also supports margin trading, OTC trading, market, and stop-loss limit order, staking, limit, futures, take profit market order, and more. It is an easy-to-use exchange and an ideal platform for secure, safe, and fast transactions.

⚑ Deposit fees:
EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, Β₯5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free)
⚑ Withdrawal fees:
Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (Β₯20) – 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  Available almost worldwide
Β  High security
Β  Over 90 cryptocurrencies
Various payment methods

Fees slightly above the industry average
No tax support

Established & high liquidity

How To Buy Bitcoin in Florida?

CoinSmart

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – 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 it’s 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.

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Coinsmart is highly regarded because of its fast verification process, simple and user-friendly interface, bank-grade security, and plenty of funding through fiat currency options. Advanced traders can also find the platform useful since the platform offers some cutting-edge tools for them as well.

⚑ Deposit fees:
0 – 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 can’t use the platform
A limited list of supported cryptos

Regulated & high liquidity

uphold exchanges

Uphold

πŸ‘› Ease of Use – Easy
πŸ‘› Fees – Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD, GBP, EUR + more

Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.

More info +

There are a variety of different payment methods such as Bank Transfer, Wire Transfer, Crypto Exchange, SWIFT, Credit/Debit Card Payment, and many more. Depositing and withdrawing are free of charge, but users have to pay network and trading fees. The trading fees aren’t fixed, and they vary depending on the trading spread (the spreads are based on the trading asset and country).

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Free
⚑ Trading fees:
Based on spreads
⚑ Service fees:
1% – 3%
⚑ Payment Methods:
Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc.
⚑ Supported fiat:
USD, GBP, EUR, and 15+ more

Β  Anything-to-Anything feature
Β  Straightforward registration process
Β  Enables investments in US stocks, national currencies, and precious metals
There isn’t a fixed minimum investment

Telephone and Live-chat support doesn’t exist
Lower volume assets require higher spreads

Trusted & high liquidity

How To Buy Bitcoin in Florida?

Gemini

πŸ‘› Ease of Use – Easy
πŸ‘› Fees -Low
πŸ‘› Verification – 1 Day
πŸ‘› Reputation – Trusted
πŸ‘› Supported fiat – USD

Gemini is a crypto exchange founded back in 2015 by two prominent tech brothers – Tyler and Cameron Winklewoss.Β 

More info +

Gemini of today is one of the powerhouses of crypto trading. The exchange is well-reputed and one of the leaders in mainstream penetration thanks to their aggressive ad campaigns on buses, billboards, and mainstream media.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
0.001 BTC
⚑ Trading fees:
0.10% – 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

Frequently asked questions about buying Bitcoin in Florida

Can you buy cryptocurrency in Florida❓

Yes, you can buy cryptocurrency on any of the exchanges in this article.

Does Coinbase report to IRS❓

Yes. Currently, Coinbase sends Forms 1099-MISC to users who are U.S. traders and made more than $600 from crypto rewards or staking in the last tax year. Note that this form does not report capital gains or losses.

Does MoonPay work in Florida❓

Yes, MoonPay works in Florida.

Is KuCoin legal in Florida❓

KuCoin is not licensed in Florida.

Is cryptocurrency regulated in Florida❓

On August 17, 2021, the Florida Office of Financial Regulation (OFR) issued an industry alert stating that a person engaged in the business of selling virtual currency in Florida must obtain aΒ license underΒ the state’s money transmission law.

Is Coinbase legal in Florida❓

Yes, Coinbase is legal in Florida.

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