7 Exchanges to Buy Bitcoin in Texas with Low Fees

A list of ways to purchase bitcoin in Texas.


Exchange Support


Exchange Name Support for Texas
Binance.us No
Coinbase Yes
Kraken Yes
Kucoin No
Gemini Yes
Uphold Yes
Luno No
Crypto.com Yes
Unchained Yes
River 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
KrakenKraken 0.0% 0.4% 0.4%
RobinhoodRobinhood 0.55% 0.0% 0.55%
RiverRiver 0.3% 1.0% 1.3%
UpholdUphold 1.5% 0.0% 1.5%
GeminiGemini 0.5% 2.99% 3.49%
CoinbaseCoinbase 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
KrakenKraken 0.4
RobinhoodRobinhood 0.55
RiverRiver 1.3
UpholdUphold 1.5
GeminiGemini 3.49
CoinbaseCoinbase 3.99


History of Bitcoin in Texas

Texas has emerged as a major Bitcoin hub, particularly in the mining sector. The state's business-friendly environment, abundant energy resources, and supportive regulatory framework have attracted significant cryptocurrency investment. In 2021, Texas became one of the first states to legally recognize blockchain and cryptocurrency in its commercial law through House Bill 4474.

Texas has become a preferred destination for Bitcoin miners, especially after China's mining ban in 2021. Cities like Austin and Houston have developed thriving crypto communities, while rural areas have attracted large-scale mining operations due to access to cheap electricity and renewable energy sources.



Financial & Regulatory Licenses

Exchange Licenses & Regulation
RobinhoodRobinhood FinCEN as a money services business. U.S. SEC as a broker-dealer.
CoinbaseCoinbase Chartered by New York State Department of Financial Services for virtual currency.
RiverRiver Registered MSB with FinCEN.
Coinbase AdvancedCoinbase Advanced Chartered by New York State Department of Financial Services for virtual currency.
UnchainedUnchained NMLS ID 1900773. Loans originated through Lead Bank (FDIC member).
KrakenKraken Registered money services business with FinCEN (USA).
GeminiGemini New York State Department of Financial Services (NYDFS).
UpholdUphold FinCEN (USA), FCA (UK), FINTRAC (Canada), FCIS (EU)


Deposit Fees

These are fees exchanges may charge for deposits. Fees are subject to change.

Exchange Deposit Fees
Coinbase AdvancedCoinbase Advanced ACH: Free
Wire: $10 USD
SEPA: €0.15 EUR
SWIFT: Free
CoinbaseCoinbase ACH: Free
Wire: $10 USD
SEPA: €0.15 EUR
SWIFT: Free
GeminiGemini ACH: $0
Wire: $0
SEPA: $0
SWIFT: $0
KrakenKraken ACH: $0
Wire: $0
SEPA: $0
SWIFT: $3
RiverRiver ACH: $0
Wire: $0
RobinhoodRobinhood ACH: $0
SWIFT: $0
UpholdUphold ACH: Free
Wire: $0 - $20
SEPA: Free
FPS: Free



Bitcoin Scams in Texas

Texas has actively pursued cryptocurrency fraud through its State Securities Board (TSSB). In 2022, the TSSB investigated numerous crypto-related investment schemes, with total reported losses exceeding $10 million. A notable case involved the Houston-based Bitconnect promoter who was charged with operating a $2.4 billion Ponzi scheme.

The Texas State Securities Board has been particularly vigilant in protecting investors, issuing cease and desist orders against unauthorized crypto platforms and warning residents about crypto investment scams. Texas investors are advised to verify any crypto investment opportunity with the TSSB and to be particularly cautious of high-yield investment programs and mining schemes.



Mobile App Support

Exchange iOS App Android App
RobinhoodRobinhood
CoinbaseCoinbase
RiverRiver
Coinbase AdvancedCoinbase Advanced
UnchainedUnchained
KrakenKraken
GeminiGemini
UpholdUphold


Earn Interest & Rewards

The following table shows interest rates offered by exchanges.

Exchange Interest Rate & Details
CoinbaseCoinbase 4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
RiverRiver 3.8%
Earn 3.8% interest on FDIC-insured cash, paid out in Bitcoin. No fees or minimums. Withdraws allowed anytime.
Coinbase AdvancedCoinbase Advanced 4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
KrakenKraken 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).
UpholdUphold 2 - 4.65%
Earn up to 4.65% APY on USD balances of $1,000 or more, or 2% APY on balances below $1,000 in Uphold's USD Interest Account.




Exchange snapshots

Robinhood

Visit Exchange
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

Visit Exchange
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

Visit Exchange
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

Visit Exchange
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

Visit Exchange
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

Visit Exchange
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

Visit Exchange
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

Uphold

Visit Exchange
Uphold snapshot
Minimum Deposit $1
iOS app score 4.6
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.7
Official rating from the Android Play Store as of November 18, 2024.
Deposit Methods ACH, Bank Account, Apple Pay, Google Pay, Credit Card, Debit Card, SEPA, Interac e-Transfer