Washington State
A list of ways to purchase bitcoin in Washington.
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.
Coinbase Advanced
Coinbase's Advanced Exchange. Best for lower fees than Coinbase Simple and for more advanced order types.
Unchained
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
A map that allows you to find Cash to Bitcoin ATMs in any location in the world.
Table of Contents
Exchange Support
Exchange Name | Support for Washington |
---|---|
Binance.us | Yes |
Coinbase | Yes |
Kraken | No |
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 |
---|---|---|---|
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 |
---|---|
Robinhood | 0.55 |
River | 1.3 |
Uphold | 1.5 |
Gemini | 3.49 |
Coinbase | 3.99 |
History of Bitcoin in Washington
Washington state has played a significant role in Bitcoin's development, particularly due to its abundant hydroelectric power and tech-friendly environment. The state was an early adopter of cryptocurrency regulation, with the Department of Financial Institutions (DFI) providing guidance on virtual currency as early as 2014. Washington requires cryptocurrency exchanges to obtain money transmitter licenses and comply with strict consumer protection measures.
The state's tech hub in Seattle has fostered numerous blockchain startups and cryptocurrency initiatives. Washington's low-cost hydroelectric power has also attracted significant Bitcoin mining operations, particularly in areas like Central Washington, though some counties have imposed restrictions due to power consumption concerns.
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). |
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. |
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 |
River |
ACH: $0 Wire: $0 |
Robinhood |
ACH: $0 SWIFT: $0 |
Uphold |
ACH: Free Wire: $0 - $20 SEPA: Free FPS: Free |
Bitcoin Scams in Washington
Washington state has been proactive in addressing cryptocurrency fraud. The DFI has investigated numerous crypto-related scams, with reported losses totaling millions of dollars. In 2021, a notable case involved a Seattle-based crypto investment platform that allegedly defrauded investors of over $6 million through a sophisticated trading scheme.
The Washington State Department of Financial Institutions actively monitors crypto activities and has issued multiple warnings about unauthorized platforms and investment schemes. Washington residents are advised to verify that any crypto investment opportunity is properly registered with the DFI and to be particularly cautious of mining investment programs and high-yield trading schemes.
Mobile App Support
Exchange | iOS App | Android App |
---|---|---|
Robinhood | ||
Coinbase | ||
River | ||
Coinbase Advanced | ||
Unchained | ||
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.
|
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 |
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 |