https://ift.tt/21bGhc5 To Buy Bitcoin in South Carolina?

How To Buy Bitcoin in South Carolina?

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Easiest and cheapest ways to buy crypto in South Carolina

No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in South Carolina is a bit harder than in some other countries so we have compiled a list of exchanges where South Carolina 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, and 50+ more

Coinbase is one of the well-known, established, and trusted cryptocurrency exchanges. It was founded back in 2012, with its headquarters in San Francisco.

More info +

Coinbase offers its services in over 100 different countries around the world and has more than 60 million registered users. It offers its users more than 100 cryptocurrencies to choose from. Additionally, well above 400 trading pairs are offered on the Coinbase exchange. Furthermore, there is also a mobile app that is supported on Android as well as IOS.

⚑ Deposit fees:
Credit/Debit Card: 3.99%SEPA: €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: €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  An easy way for new users to purchase Bitcoin
Β  More than 100 cryptocurrencies to choose from
Β  A regulated and trustworthy company
High liquidity and purchasing limits

Confusing fee composition
Higher than usual fees

Regulated & high liquidity

How To Buy Bitcoin in South Carolina?

Changelly

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

ChangellyΒ is a trustable site that can be used to exchange between various cryptocurrencies.

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Changelly was founded in 2013 in Prague, Czech Republic, by the same guys who established MinerGate, one of the largest mining pools that exist today, so it’s a reliable company. Within a year Changelly has managed to attractΒ over 100,000 users, which is really impressive. Changelly reached the 1,000,000 users milestone in April 2017, which shows how popular this cryptocurrency exchange website is becoming in such a short span of time.

⚑ Deposit fees:
Changelly does not have set fees due to the volatility of cryptocurrencies
⚑ Withdrawal fees:
None
⚑ Trading fees:
0.25%
⚑ Payment Methods:
Debit Card, Credit CardΒ 
⚑ Supported fiat:
USD, EUR, GBP

Β  Wide range of cryptocurrencies
Β  Low crypto-to-crypto exchange fees
Β  Easy to use

Not regulated in the U.S.
High fiat-to-crypto rates
Limited payment options

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

Uphold is a crypto exchange that has been in the game since 2015. The headquarters of the company is in NY, the US. It offers its users a multi-functional exchange of different assets, other than just buying and selling cryptocurrencies.

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Uphold offers a beginner-friendly interface. The main focus (and the main differences compared to its competitors) is on trading directly between asset classes with fixed payments, offering a future where all users have access to financial services, thanks to Uphold’s unique β€œAnything-to-Anything” trading experience.

⚑ 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  Offers a beginner-friendly interface
Β  Various advanced features
Β  Unique β€œAnything-to-anything” trading service
Low fees
It is regulated by the US laws

Customer support can be better
Various trading limitations
A less organized educational section (compared to its competitors)

Best Bitcoin Wallets in South Carolina

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 South Carolina?

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

Established & high liquidity

paxful

Paxful

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

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Being one of the longest-lasting P2P Bitcoin exchanges, Paxful offers its users a straightforward and easy-to-use platform where they can buy, sell and trade supported crypto fast. When it comes to supported cryptocurrencies, Paxful supports only 3: Bitcoin, Ethereum, and Tether USD. However, the volume of Bitcoin trading is very high. On the other hand, Paxful supports a stunning amount of fiat currencies, more than 140 different ones.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
0.5% – 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

Established & high liquidity

Localbitcoins

LocalBitcoins

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

When we talk about the largest peer-to-peer crypto platforms, LocalBitcoins is probably the first exchange that comes to mind. It is one of the oldest online marketplaces where you can buy and sell Bitcoin. LocalBitcoins is based in Helsinki, Finland.

More info +

Jeremiah Kangas founded LocalBitcoins in 2012. The platform is truly worldwide since it operates in more than 240 countries. We can define LocalBitcoins as a peer-to-peer system that connects buyers and sellers in the local area. First, users post ads on the platform. They need to state in those ads their payment methods and exchange rates for buying or selling Bitcoins. Then, others users reply to ads so that the transaction can be finally made.

⚑ Deposit fees:
Free
⚑ Withdrawal fees:
Free
⚑ Trading fees:
1%
⚑ Payment Methods:
SEPA, Wire Transfer, Paypal, WeChat, MoneyGram, Credit Card, Debit Card, etc.
⚑ Supported fiat:
USD, EUR, GBP, RUB, and more (most currencies)

Β  Available in all countries
Β  The longevity on the crypto market
Β  A great number of payment methods

A face-to-face meeting might be annoying
KYC is mandatory

Regulated & high liquidity

How To Buy Bitcoin in South Carolina?

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

If we are talking about the β€œbig three” in the crypto exchanges world, then Kraken definitely joins Coinbase and Binance to be a part of it.

More info +

Kraken has millions of active users, international markets, and strategic investors on board. It was launched back in 2011 so it is one of the oldest crypto exchanges in the world. Headquarters are in San Francisco, California, U.S. The founder and the CEO of the company is Jesse Powell.

⚑ 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  Longevity on the crypto market – highly respected exchange
Β  Over 90 cryptocurrencies
Advanced trading and staking services

Fees are fairly high compared to its main competitors
No derivates or futures trading

Frequently asked questions about buying Bitcoin in South Carolina

Is there a bitcoin machine in South Carolina❓

There are currently Bitcoin ATMs in the cities of Anderson and Spartanburg.

Is Coinbase available in all 50 states❓

Coinbase is available in 42 states. The states Coinbase is not available in are California, Hawaii, Indiana, Massachusetts, Missouri, Montana, Utah, and Wisconsin.

Is Coinbase available in South Carolina❓

Yes, Coinbase is available in South Carolina.

Does Coinbase report to IRS❓

Yes, Coinbase reports to the IRS.

Is crypto legal in SC❓

Bitcoin in South Carolina doesn’t suffer from overregulation. The state’s money tramsitter laws currently make no mention of Bitcoin, meaning those transacting in the digital currency need only comply with the applicable federal laws.

The post How To Buy Bitcoin in South Carolina? appeared first on CaptainAltcoin.

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