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.
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Deposit fees:
Credit/Debit Card: 3.99%SEPA: β¬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: 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 High liquidity & limits
Β Great for newcomers
Β βInstant Buyβ is available when buying with a debit card
High fees with debit and credit card purchases
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Cex.io
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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.
More info +
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 β 3.99 % Withdrawal fees:
0 β 3 % Trading fees:
0 β 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
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Paybis
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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.
More info +
Deposit fees:
Free Withdrawal fees:
Free Trading fees:
0.99 β 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 marketβs 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.
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 Colorado?
- How To Buy Bitcoin in California?
- How To Buy Bitcoin in Connecticut?
- How To Buy Bitcoin in Delaware?
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Kraken
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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.
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 Available almost worldwide
Β High security
Β Over 90 cryptocurrencies
Various payment methods
Fees slightly above the industry average
No tax support
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CoinSmart
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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
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Uphold
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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 +
Deposit fees:
Free Withdrawal fees:
Free Trading fees:
Based on spreads Service fees:
1% β 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 isnβt a fixed minimum investment
Telephone and Live-chat support doesnβt exist
Lower volume assets require higher spreads
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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
Frequently asked questions about buying Bitcoin in Florida
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Yes, you can buy cryptocurrency on any of the exchanges in this article.
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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.
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Yes, MoonPay works in Florida.
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KuCoin is not licensed in Florida.
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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 stateβs money transmission law.
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Yes, Coinbase is legal in Florida.
The post How To Buy Bitcoin in Florida? appeared first on CaptainAltcoin.
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