https://ift.tt/WsXDdZF To Buy Bitcoin in Rhode Island?

How To Buy Bitcoin in Rhode Island?

https://ift.tt/ev9Vd2t

Easiest and cheapest ways to buy crypto in Rhode Island

Getting bitcoins in Rhode Island is not an easy task as not all popular crypto exchanges are available to Rhode Island citizens. This is a current list of bitcoin exchanges that allow users from Rhode Island to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.

Regulated & high liquidity

How To Buy Bitcoin in Rhode Island?

Crypto.com

👛 Ease of Use – Easy
👛 Fees – Medium
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP, CAD, and 10+ more

Crypto.com is a prominent cryptocurrency exchange with support for a range of crypto assets and blockchain-related products.

More info +

Users can buy, sell, and trade an extensive list of currencies, and enjoy relatively low trading fees. Additionally, the company offers cryptocurrency credit cards, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. It also allows users to stake their crypto, or hold it in a Crypto.com wallet for a set period, to earn up to 14.5% interest.

⚡ Deposit fees:
Free
⚡ Withdrawal fees:
Vary from coin to coin
⚡ Trading fees:
0.04% – 0.2 %
⚡ Payment Methods:
Credit card, Cryptocurrency, PayPal, Wise, SEPA
⚡ Supported fiat:
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR, and more

  An extensive list of supported cryptocurrencies
  Transparent, competitive fees with discounts available
  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

Regulated & high liquidity

coinbase

Coinbase

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – EUR, USD, and 50+ more

Coinbase is widely considered one of the biggest cryptocurrency exchanges, especially in the US. It has over 60 million users which is a remarkable number.

More info +

It was founded back in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has users in over 100 countries. Coinbase’s headquarters are in San Francisco, California. The platform offers not only exchange-based services but also a wallet so it is a perfect place for all crypto investors.

⚡ 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

  A variety of fiat currencies supported
  Over 100 cryptocurrencies supported
  A regulated and trustworthy company
Large user base and widely popular
Provides a Coinbase debit card

No future or margin trading
Higher trading fees than main competitors have (Binance for instance)

Regulated & high liquidity

How To Buy Bitcoin in Rhode Island?

Kraken

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 2-3 Days
👛 Reputation – Trusted
👛 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, ¥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 (¥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

  170+ countries supported
  Never been hacked
  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 Rhode Island

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


Visit Now

Bottom Line

ZenGo 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


Visit Now

Bottom Line

Electrum 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 X 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 Rhode Island?

Paybis

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

Paybis is a widely popular crypto exchange. The exchange was launched back in 2014 so it is not a new player on the crypto market. Paybis is based in Scotland and in the UK with offices in the Scottish city of Glasgow, along with offices in Riga, in Latvia.

More info +

Paybis is suitable for users who want long-term investments and has a larger user base. It is available in more Paybis has a large user base and most of its users want long-term investments. The exchange is available to over 180 countries worldwide, including the USA. It supports around 40 cryptocurrencies. 

As per Paybis’s website, the main features of the platform are Round-the-clock support, Worldwide access, Fast security checks, high-level security, and Instant payouts.

⚡ Deposit fees:
Free (there is a transaction fee – 2.49%)
⚡ 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

  The longevity of the crypto market
  Easy-to-use interface
  A lot of payment methods and fiat currencies supported
A regulated platform

The limited number of supported crypto assets
No advanced trading features 

Established & high liquidity

paxful

Paxful

👛 Ease of Use – Easy
👛 Fees – Average
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 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.

More info +

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

  Safe Escrow trading
  Various payment methods
Responsive support forum
Support for a large number of fiat currencies

A bit higher fees
A lot of scammers

Regulated & high liquidity

How To Buy Bitcoin in Rhode Island?

Coinmama

👛 Ease of Use – Easy
👛 Fees – High
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 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

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

Fees above the industry average
Only 10 cryptocurrencies

Regulated & high liquidity

uphold exchanges

Uphold

👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 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

  Anything-to-Anything feature
  Straightforward registration process
  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

Frequently asked questions about buying Bitcoin in Rhode Island

Can you buy crypto in Rhode Island❓

You can buy crypto on Rhode Island on any of the exchanges mentioned in this article.

What is the easiest way to buy bitcoins in the US❓

You can buy crypto on any of the exchanges mentioned in this article.

Can I invest $100 in Bitcoin❓

Yes, you can invest as low as $10 in Bitcoin. The decision is up to you as an investor.

Is crypto mining legal in RI❓

Yes. Cryptocurrency wallets (and the like) squarely fall within the definition of “maintaining control of virtual currency” “on behalf of others” when the business has custody of funds in the wallets.

How do beginners buy bitcoins❓

Bitcoin can’t be purchased through your bank or investment firm yet — though some organizations are working toward that possibility in the future. For now, you’ll have to go through a cryptocurrency trading platform to exchange your U.S. dollars for Bitcoin or other digital currencies.

The post How To Buy Bitcoin in Rhode Island? appeared first on CaptainAltcoin.

Cryptocurrency

Get In Touch