Ohio
A list of ways to purchase bitcoin in Ohio.
Robinhood
Robinhood is licensed to operate in Ohio. OH residents can buy Bitcoin and popular ETFs like IBIT with zero commission trading.
Coinbase
Coinbase is fully licensed and available in Ohio. Ohio residents can buy Bitcoin using ACH transfers, bank accounts, debit cards, PayPal, Apple Pay and wire transfers. Regulated by FinCEN and compliant with Ohio Money Transmitter laws.
River
Available to Ohio residents. Ohio residents can buy Bitcoin using ACH or wire transfers with low fees. Holds an Ohio state Money Transmitter License.
Coinbase Advanced
Coinbase's Advanced Exchange. Best for lower fees than Coinbase Simple and for more advanced order types.
Unchained
Unchained is available to Ohio residents. OH residents can buy Bitcoin through ACH and wire transfers with 1% fees. Holds Ohio state Money Transmission License.
Kraken
Kraken is available in Ohio. OH residents can buy Bitcoin using ACH transfers, wire transfers, and Apple Pay.
ATM Radar
Coin ATM Radar helps you locate Bitcoin ATMs across Ohio. The map shows ATM locations, operators, fees, and supported cryptocurrencies. They have ATMs in Cleveland, Columbus, Cincinnati, Toledo 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 Cleveland, Columbus, Cincinnati, Toledo and many other towns.
Table of Contents
Exchange Support
Exchange Name | Support for Ohio |
---|---|
Binance.us | No |
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% |
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 |
Coinbase | 3.99 |
History of Bitcoin in Ohio
Ohio made history in 2018 by becoming the first U.S. state to accept Bitcoin for tax payments through OhioCrypto.com, though this program was later suspended in 2019. The state has maintained a balanced approach to Bitcoin regulation under the Ohio Money Transmitter Act, which was updated to include virtual currency businesses.
Cleveland and Cincinnati have emerged as regional Bitcoin hubs, with numerous Bitcoin ATMs and merchants accepting Bitcoin payments. The state's regulatory framework, overseen by the Ohio Department of Commerce, has focused on consumer protection while encouraging Bitcoin innovation.
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. |
Coinbase Advanced | Chartered by New York State Department of Financial Services for virtual currency. |
Unchained | NMLS ID 1900773. Loans originated through Lead Bank (FDIC member). |
Kraken | Registered money services business with FinCEN (USA). |
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 Advanced |
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
Coinbase |
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
Kraken |
ACH: $0 Wire: $0 SEPA: $0 SWIFT: $3 |
River |
ACH: $0 Wire: $0 |
Robinhood |
ACH: $0 SWIFT: $0 |
Bitcoin Scams in Ohio
Ohio has faced several notable Bitcoin fraud cases. In 2021, the Cleveland-based CoinScam Holdings, operated by Marcus Williams, orchestrated a $5.3 million Bitcoin investment fraud. Williams targeted local investors with promises of 300% returns through automated Bitcoin trading algorithms, while actually operating a sophisticated Ponzi scheme.
The Ohio Division of Securities actively monitors Bitcoin-related activities and has issued multiple cease-and-desist orders against unauthorized platforms. Ohio residents are strongly advised to verify any Bitcoin investment opportunity with state authorities and to be particularly cautious of automated trading schemes promising guaranteed returns.
Mobile App Support
Exchange | iOS App | Android App |
---|---|---|
Robinhood | ||
Coinbase | ||
River | ||
Coinbase Advanced | ||
Unchained | ||
Kraken |
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.
|
Coinbase Advanced |
4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
|
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 |
Coinbase Advanced
Coinbase Advanced 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 | Same as Coinbase |
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 |
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 |