Virginia

A list of ways to purchase bitcoin in Virginia.


Exchange Support


Exchange Name Support for Virginia
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
KrakenKraken 0.0% 0.4% 0.4%
RobinhoodRobinhood 0.55% 0.0% 0.55%
RiverRiver 0.3% 1.0% 1.3%
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
GeminiGemini $3.49
CoinbaseCoinbase $3.99


History of Bitcoin in Virginia

Virginia has established itself as an emerging technology hub with growing cryptocurrency adoption. The state's approach to Bitcoin regulation has been guided by the Virginia Money Transmitter Act, with the Bureau of Financial Institutions providing oversight. In 2020, Virginia updated its laws to include cryptocurrency businesses within its regulatory framework.

Northern Virginia's technology corridor has become a significant center for blockchain development, with numerous startups and established companies exploring cryptocurrency applications. The region's proximity to Washington D.C. has also made it a hub for discussions on federal cryptocurrency policy and regulation.



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.
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)
ATM RadarATM Radar This is a map only. Please check with individual ATM operators for their regulatory status and licenses.
Bitcoin DepotBitcoin 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
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 Virginia

Virginia has experienced several notable cryptocurrency fraud cases. In 2021, the Virginia State Corporation Commission reported multiple instances of crypto investment scams, with collective losses estimated at $5 million. A significant case involved a Richmond-based crypto trading scheme that defrauded investors through false promises of guaranteed returns.

The Virginia Bureau of Financial Institutions regularly issues warnings about unauthorized crypto platforms and investment schemes. Virginia residents are advised to exercise caution with crypto investments, verify the registration status of any investment platform with state authorities, and be particularly wary of unsolicited investment opportunities promising high returns.



Mobile App Support

Exchange iOS App Android App
RobinhoodRobinhood
CoinbaseCoinbase
RiverRiver
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.
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

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

ATM Radar

Visit Exchange
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

Visit Exchange
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