Virginia
A list of ways to purchase bitcoin in Virginia.
Robinhood
Popular and well-known exchange based in the USA. Buy & trade with ACH transfers. 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
Popular and well-known exchange based in the USA. Buy & trade with wire & ACH transfers.
Kraken
Popular and well-known exchange based in the USA.
Gemini
Popular and well-known exchange based in the USA.
Uphold
Popular exchange based in the USA with support for multiple payment methods.
ATM Radar
Coin ATM Radar helps you locate Bitcoin ATMs across Virginia. The map shows ATM locations, operators, fees, and supported cryptocurrencies. Locations in cities like Virginia Beach, Norfolk, Chesapeake, 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 Virginia Beach, Norfolk, Chesapeake, and many other towns.
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 |
---|---|---|---|
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 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 |
---|---|
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. |
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) |
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 |
Uphold |
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 |
---|---|---|
Robinhood | ||
Coinbase | ||
River | ||
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.
|
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 |
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 |
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 |