Connecticut
A list of ways to purchase bitcoin in Connecticut.
Robinhood
Robinhood is fully available to residents of Connecticut. CT residents can buy Bitcoin using ACH transfers, bank accounts, debit cards, PayPal, Apple Pay and wire transfers. Regulated by FinCEN and holds a Connecticut Money Transmission License.
Coinbase
Coinbase is fully available to residents of Connecticut. CT residents can buy Bitcoin using ACH transfers, bank accounts, debit cards, PayPal, Apple Pay and wire transfers. Regulated by FinCEN and holds a Connecticut Money Transmission License.
River
River is fully available to residents of Connecticut. CT residents can buy Bitcoin using ACH transfers or bank accounts. Regulated by FinCEN and holds a Connecticut Money Transmission License.
Unchained
Unchained is fully available to residents of Connecticut. CT residents can buy Bitcoin using ACH transfers, bank accounts, debit cards, PayPal, Apple Pay and wire transfers. Regulated by FinCEN and holds a Connecticut Money Transmission License.
Kraken
Kraken is fully available to residents of Connecticut. CT residents can buy Bitcoin using ACH transfers, bank accounts, debit cards, PayPal, Apple Pay and wire transfers. Regulated by FinCEN and holds a Connecticut Money Transmission License.
Gemini
Gemini is fully available to residents of Connecticut. CT residents can buy Bitcoin using ACH transfers, bank accounts, debit cards, PayPal, Apple Pay and wire transfers. Regulated by FinCEN and holds a Connecticut Money Transmission License.
ATM Radar
Coin ATM Radar helps you locate Bitcoin ATMs across Connecticut. The map shows ATM locations, operators, fees, and supported cryptocurrencies. Locations in cities like Hartford, New Haven, Bridgeport, and many other towns.
Bitcoin Depot
Bitcoin Depot is a company that specializes in making cash to Bitcoin machines in the USA. They have locations in Hartford, New Haven, Bridgeport and many other towns.
Exchange Support
Exchange Name | Support for Connecticut |
---|---|
Binance.us | Yes |
Coinbase | Yes |
Kraken | Yes |
Kucoin | No |
Gemini | Yes |
Uphold | Yes |
Luno | No |
Crypto.com | Yes |
Frequently Asked Questions
If I Bought Bitcoin
See how much you would have made if you bought Bitcoin in the past.
Transaction Fees
A look at the transaction fees for each exchange, both spread and commission.
- Spread fee: Exchanges may charge a higher price than the actual price of Bitcoin.
- Fee: Exchange fee for the transaction.
- Total fees: The sum of the spread fee and the fee.
Exchange | Spread Fee | Fee | Total Fees |
---|---|---|---|
Kraken | 0.0% | 0.4% | 0.4% |
Robinhood | 0.55% | 0.0% | 0.55% |
River | 0.3% | 1.0% | 1.3% |
Gemini | 0.5% | 2.99% | 3.49% |
Coinbase | 1.0% | 2.99% | 3.99% |
Actual fees may vary. Fees are subject to change. Fee estimates based on our research and testing. Some exchanges may charge less depending on volume.
Estimated Fees on $100
An estimate of the fees for buying $100 worth of Bitcoin using a bank account.
Exchange | Total Cost on $100 |
---|---|
Kraken | $0.4 |
Robinhood | $0.55 |
River | $1.3 |
Gemini | $3.49 |
Coinbase | $3.99 |
History of Bitcoin in Connecticut
Connecticut has established itself as a significant player in Bitcoin regulation and adoption. In 2017, Connecticut passed House Bill 7141, which amended the state's money transmission laws to explicitly include virtual currency businesses, making it one of the first states to create a clear regulatory framework for Bitcoin companies.
The state's Department of Banking has taken an active role in overseeing cryptocurrency activities, requiring money transmission licenses for companies dealing with Bitcoin. Connecticut has also been home to several Bitcoin ATM operators and has seen growing adoption of cryptocurrency services among its financial technology sector.
Financial & Regulatory Licenses
Exchange | Licenses & Regulation |
---|---|
Robinhood | FinCEN as a money services business. U.S. SEC as a broker-dealer. |
Coinbase | Chartered by New York State Department of Financial Services for virtual currency. |
River | Registered MSB with FinCEN. |
Unchained | NMLS ID 1900773. Loans originated through Lead Bank (FDIC member). |
Kraken | Registered money services business with FinCEN (USA). |
Gemini | New York State Department of Financial Services (NYDFS). |
ATM Radar | This is a map only. Please check with individual ATM operators for their regulatory status and licenses. |
Bitcoin Depot | Registered MSB with FinCEN in the USA and FINTRAC in Canada. Licensed for money transmission in applicable US states. |
Deposit Fees
These are fees exchanges may charge for deposits. Fees are subject to change.
Exchange | Deposit Fees |
---|---|
Coinbase |
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
Gemini |
ACH: $0 Wire: $0 SEPA: $0 SWIFT: $0 |
Kraken |
ACH: $0 Wire: $0 SEPA: $0 SWIFT: $3 |
River |
ACH: $0 Wire: $0 |
Robinhood |
ACH: $0 SWIFT: $0 |
Bitcoin Scams in Connecticut
Connecticut residents have faced various Bitcoin-related scams, prompting the state's Department of Banking to issue multiple investor alerts. A notable case involved the GAW Miners scandal, where a Connecticut-based company allegedly defrauded investors through a fraudulent virtual currency mining operation.
The Connecticut Department of Banking regularly warns residents about common Bitcoin scams, including fake investment platforms and fraudulent initial coin offerings (ICOs). Connecticut investors are encouraged to verify that any Bitcoin-related business is properly registered with state authorities and to exercise extreme caution with unsolicited investment opportunities.
Mobile App Support
Exchange | iOS App | Android App |
---|---|---|
Robinhood | ||
Coinbase | ||
River | ||
Unchained | ||
Kraken | ||
Gemini |
Earn Interest & Rewards
The following table shows interest rates offered by exchanges.
Exchange | Interest Rate & Details |
---|---|
Coinbase |
4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
|
River |
3.8%
Earn 3.8% interest on FDIC-insured cash, paid out in Bitcoin. No fees or minimums. Withdraws allowed anytime.
|
Kraken |
0.15% - 6.5%
Available for BTC (0.15% bonded/0.1% flexible), USDT/USD/USDC (6.5% bonded/4.5% flexible), and EUR (4.45% bonded/3.5% flexible).
|
Exchange snapshots
Robinhood
Robinhood snapshot | |
Minimum Deposit | $1 |
iOS app score |
4.2
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.2
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | ACH, Debit Card, Bank Account, Wire Transfer |
Review | Read our review |
Coinbase
Coinbase snapshot | |
Minimum Deposit | $1 |
iOS app score |
4.7
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.6
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | ACH, Wire Transfer, Debit Card, Bank Account, PayPal, Apple Pay, iDEAL, SEPA, Interac e-Transfer, Instant Verification, Google Pay |
Review | Read our review |
River
River snapshot | |
Minimum Deposit | $1 |
iOS app score |
4.8
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.9
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | ACH, Bank Account, Wire Transfer |
Review | Read our review |
Unchained
Unchained snapshot | |
Minimum Deposit | $2,000 |
iOS app score |
4.8
Official rating from the iOS App Store as of November 18, 2024.
|
Deposit Methods | ACH, Wire Transfer, Bank Account |
Review | Read our review |
Kraken
Kraken snapshot | |
Minimum Deposit | $1 |
iOS app score |
4.7
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.3
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | ACH, Bank Account, Apple Pay, Google Pay, SEPA, Interac e-Transfer, Debit Card, PayPal, Instant Verification |
Gemini
Gemini snapshot | |
Minimum Deposit | $1 |
iOS app score |
4.8
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.2
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | ACH, Bank Account, PayPal, Apple Pay, Debit Card, Google Pay |
ATM Radar
ATM Radar snapshot | |
Minimum Deposit | Each ATM will have a different minimum deposit amount. |
iOS app score |
4.5
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.5
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | Cash |
Bitcoin Depot
Bitcoin Depot snapshot | |
Minimum Deposit | $1 |
iOS app score |
4.4
Official rating from the iOS App Store as of November 18, 2024.
|
Android app score |
4.3
Official rating from the Android Play Store as of November 18, 2024.
|
Deposit Methods | Cash |