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

How To Buy Bitcoin in Connecticut?

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Easiest and cheapest ways to buy crypto in Connecticut

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

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 +

In total, it has over 60 million users around the world which is a remarkable number. The headquarters of Coinbase is in San Francisco, California. Coinbase is not only a typical exchange, but it also offers a cryptocurrency wallet, so we can safely say it is a suitable place for crypto investors.Β 

⚑ 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  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

Trusted & high liquidity

How To Buy Bitcoin in Connecticut?

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

Regulated & high liquidity

How To Buy Bitcoin in Connecticut?

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

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 +

Today, Kraken is available in more than 170 countries around the world. It is registered under FinCEN in the U.S., but residents from New York and Washington aren’t allowed to use it. It is a user-friendly exchange and an excellent platform for safe and secure transactions. It supports buy/sell, send/receive, exchange, margin trading, OTC trading, staking, limit, market, and stop-loss limit order, futures, take profit market order, and more.

⚑ 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  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

Best Bitcoin Wallets in Connecticut

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


Visit Now

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 Connecticut?

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

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 +

Today, Kraken is available in more than 170 countries around the world. It is registered under FinCEN in the U.S., but residents from New York and Washington aren’t allowed to use it. It is a user-friendly exchange and an excellent platform for safe and secure transactions. It supports buy/sell, send/receive, exchange, margin trading, OTC trading, staking, limit, market, and stop-loss limit order, futures, take profit market order, and more.

⚑ 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  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

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

Regulated & high liquidity

How To Buy Bitcoin in Connecticut?

Coinmama

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

Coinmama is one of the oldest centralized cryptocurrency exchanges on the market. It was founded in Israel in 2013. Today, Coinmama’s head office is in Dublin, Ireland. Using this crypto exchange, you can easily and quickly buy and sell 10 different cryptocurrencies.

More info +

Currently, Coinmama is available in more than 150 countries around the world, and it has over 1.5 million users. Coinmama is registered under FinCEN in the U.S., but residents from 11 states aren’t allowed to use it. It is a user-friendly exchange and an excellent platform for safe, secure, and fast transactions.

⚑ Deposit fees:
0 – 5 %
⚑ Withdrawal fees:
None
⚑ Trading fees:
2.9 – 3.9 %
⚑ Payment Methods:
Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill
⚑ Supported fiat:
USD, EUR, GBP, CAD, AUD

Β  150+ countries supported
Β  Mobile App (iOS and Android)
Β  Various payment methods
Quick verification process

Fees above the industry average
Only 10 cryptocurrencies

Regulated & high liquidity

How To Buy Bitcoin in Connecticut?

CoinSmart

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

CoinSmart is a strong crypto exchange that is around since 2018. It was founded by Justin Hartzman and Jeremy Koven. The main focus of the platform is to make crypto assets easily accessible to a β€œregular” person around the world.

More info +

There are two types of trades for CoinSmart’s users – a single trade and a double trade. Single trade includes trading crypto against fiat or BTC and the fee for this type of trade is 0.2%. Double trade includes trading of two crypto assets, other than Bitcoin. The headquarters of the company is in Toronto, Canada. There are no advanced services such as lending, borrowing, staking, or margin trading. The exchange is regulated.

⚑ 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  The deposit and withdrawal process is easy and fast
Β  Customer support is good
Β  It is a regulated exchange
Easy to use

No advanced services (staking, lending, borrowing, or margin trading)
The number of cryptocurrencies is limited
Not available in some countries (the US for example)

Frequently asked questions about buying Bitcoin in Connecticut

Can I buy Bitcoin in CT❓

The state of Connecticut does not have the most favorable view of Bitcoin in the nation. Despite these regulations, it’sΒ still possible to buy Bitcoin in the Nutmeg State.

Does Binance US work in CT❓

No, Binance US is not available in CT.

Can I use Bittrex in Connecticut❓

We regret to notify you thatΒ Bittrex will be ceasing all operations for Connecticut residents. All trading and account access for Connecticut customers will be halted on July 31, 2019 at midnight EST.

Is Coinbase available in CT❓

Yes, Coinbase is available in CT.

Is Coinbase available in all 50 states❓

Yes, Coinbase is available in all 50 states in the US.

Can you trade crypto in CT❓

Yes, you can.

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