7 Exchanges to Buy Bitcoin in Texas with Low Fees
A list of ways to purchase bitcoin in Texas.
Robinhood
Robinhood is available in Texas. Customers can buy Bitcoin using ACH transfers, bank accounts, and debit cards. Also offers U.S. Bitcoin ETFs like IBIT and FBTC.
Coinbase
Popular and well-known exchange based in the USA. Buy & trade with ACH transfers.
River
US-based Bitcoin exchange available in Texas. Purchase BTC with instant buys or recurring orders. Selling is also available.
Coinbase Advanced
Coinbase's Advanced Exchange. Best for lower fees than Coinbase Simple and for more advanced order types.
Unchained
Unchained's trading desk is available in Texas. For people looking to buy large amounts. 1% fees. Headquartered in Austin, Texas.
Kraken
Kraken is available in Texas. Offers multiple ways to buy bitcoin including ACH transfers, wire transfers and Apple Pay. The exchange has competitive fees and advanced trading features.
Gemini
Gemini is available in Texas. Users can buy, sell, and trade Bitcoin using ACH transfers, PayPal, or Apple Pay with competitive fees.
Uphold
Uphold is available in Texas and supports ACH transfers, wire transfers and Apple Pay for buying bitcoin.
Table of Contents
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 |
---|---|---|---|
Kraken | 0.0% | 0.4% | 0.4% |
Robinhood | 0.55% | 0.0% | 0.55% |
River | 0.3% | 1.0% | 1.3% |
Uphold | 1.5% | 0.0% | 1.5% |
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 |
Uphold | 1.5 |
Gemini | 3.49 |
Coinbase | 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 |
---|---|
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). |
Gemini | New York State Department of Financial Services (NYDFS). |
Uphold | 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 Advanced |
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
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 |
Uphold |
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 |
---|---|---|
Robinhood | ||
Coinbase | ||
River | ||
Coinbase Advanced | ||
Unchained | ||
Kraken | ||
Gemini | ||
Uphold |
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).
|
Uphold |
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
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 |
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 |
Uphold
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 |