Maryland
A list of ways to purchase bitcoin in Maryland.
River
Popular & well-known exchange based in the USA. Buy & trade with wire & ACH. 0% fees for recurring buys.
Gemini
Gemini is available to Maryland residents and fully regulated. MD users can buy and trade Bitcoin through ACH transfers, PayPal, Apple Pay and other payment options.
Uphold
Popular exchange based in the USA with support for multiple payment methods.
Kraken
Kraken is available to Maryland residents and fully regulated. MD users can buy and trade Bitcoin through ACH transfers, wire transfers, and Apple Pay.
River Private Client
Personalized Bitcoin service for investments of $100k+. Dedicated relationship manager, priority support, and high transaction limits.
Coinbase
Popular and well-known exchange based in the USA. Buy & trade with ACH transfers.
Coinbase Advanced
Coinbase's Advanced Exchange. Best for lower fees than Coinbase Simple and for more advanced order types.
Swan Bitcoin
Swan is a US-based Bitcoin-only exchange focused on making Bitcoin investing safe & simple.
ATM Radar
Coin ATM Radar helps you locate Bitcoin ATMs across Maryland. The map shows ATM locations, operators, fees, and supported cryptocurrencies. They have ATMs in Baltimore, Columbia, Annapolis, Frederick, Cumberland and many other towns.
Bitcoin ATMs
Find Bitcoin ATMs across Maryland. Our map shows ATM locations in Baltimore and other cities.
Table of Contents
Exchange Support
| Exchange Name | Support for Maryland |
|---|---|
| Binance.us | No |
| Coinbase | Yes |
| Kraken | Yes |
| Kucoin | No |
| Fold | Yes |
| 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 |
|---|---|---|---|
| Swan Bitcoin |
0.3% | 0.99% | 1.29% |
| Kraken |
0.0% | 0.4% | 0.4% |
| 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 |
|---|---|
| Swan Bitcoin |
$1.29 |
| Kraken |
$0.4 |
| River |
$1.3 |
| Uphold |
$1.5 |
| Gemini |
$3.49 |
| Coinbase |
$3.99 |
History of Bitcoin in Maryland
Maryland has taken a proactive approach to Bitcoin regulation and adoption. In 2014, the state became one of the first to issue guidance on virtual currency through the Maryland Office of Financial Regulation. The state's approach has focused on consumer protection while fostering innovation in the Bitcoin space.
Baltimore has emerged as a regional Bitcoin hub, with numerous Bitcoin ATMs and merchants accepting Bitcoin payments. The state's proximity to Washington D.C. has also influenced its regulatory approach, with Maryland often aligning its Bitcoin policies with federal guidelines.
Financial & Regulatory Licenses
| Exchange | Licenses & Regulation |
|---|---|
| River |
Registered MSB with FinCEN. |
| Gemini |
New York State Department of Financial Services (NYDFS). |
| Uphold |
FinCEN (USA), FCA (UK), FINTRAC (Canada), FCIS (EU) |
| Kraken |
Registered money services business with FinCEN (USA). |
| River Private Client |
Registered MSB with FinCEN. |
| Coinbase |
Chartered by New York State Department of Financial Services for virtual currency. |
| Coinbase Advanced |
Chartered by New York State Department of Financial Services for virtual currency. |
| Swan Bitcoin |
Swan connects users to licensed custodians Bakkt, BitGo, and Equity Trust, ensuring compliance with state laws. Bakkt is BitLicensed and FinCEN registered; BitGo and Equity Trust operate under their own regulations. |
| ATM Radar |
This is a map only. Please check with individual ATM operators for their regulatory status and licenses. |
| Bitcoin ATMs |
Bitcoin ATM regulations vary by state. Please check with individual ATM operators for their regulatory status. |
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 Private Client |
ACH: $0 Wire: $0 |
| River |
ACH: $0 Wire: $0 |
| Uphold |
ACH: Free Wire: $0 - $20 SEPA: Free FPS: Free |
Bitcoin Scams in Maryland
Maryland has seen its share of Bitcoin-related fraud. In 2020, the Baltimore-based DeFi Money Group, operated by Dennis Jali, orchestrated a $28 million Bitcoin investment fraud targeting members of religious communities. Jali promised returns of up to 40% monthly through supposed Bitcoin arbitrage trading.
The Maryland Attorney General's Securities Division regularly warns residents about Bitcoin investment scams and maintains an active enforcement program against fraudulent operators. Maryland residents are advised to exercise extreme caution with Bitcoin investments and to verify that any Bitcoin trading platform is properly registered with state authorities.
Mobile App Support
| Exchange | iOS App | Android App |
|---|---|---|
| River |
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| Gemini |
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| Uphold |
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| Kraken |
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| River Private Client |
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| Coinbase |
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| Coinbase Advanced |
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| Swan Bitcoin |
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| Bitcoin ATMs |
Earn Interest & Rewards
The following table shows interest rates offered by exchanges.
| Exchange | Interest Rate & Details |
|---|---|
| River |
3.8%
Earn 3.8% interest on FDIC-insured cash, paid out in Bitcoin. No fees or minimums. Withdraws allowed anytime.
|
| 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.
|
| 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).
|
| River Private Client |
3.3%
Earn 3.3% interest on FDIC-insured cash, paid out in Bitcoin. No fees or minimums. Withdraw anytime.
|
| Coinbase |
4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
|
| 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.
|
Exchange snapshots
River
| River snapshot | |
| Minimum Deposit | $1 |
| iOS app score |
4.9
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, Bank Account, Wire Transfer |
| 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, Wire Transfer, PayPal, Apple Pay, 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 |
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 |
River Private Client
| River Private Client snapshot | |
| Minimum Deposit | $1 |
| Deposit Methods | ACH, Wire Transfer, Bank Account |
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, Google Pay |
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 | ACH, Wire Transfer, Debit Card, Bank Account, PayPal, Apple Pay, iDEAL, SEPA, Interac e-Transfer, Instant Verification, Google Pay |
Swan Bitcoin
| Swan Bitcoin snapshot | |
| Minimum Deposit | $1 |
| iOS app score |
4.8
Official rating from the iOS App Store as of November 18, 2024.
|
| Android app score |
4.3
Official rating from the Android Play Store as of November 18, 2024.
|
| Deposit Methods | ACH, Bank Account, Wire 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 ATMs
| Bitcoin ATMs snapshot | |
| Minimum Deposit | Each ATM will have a different minimum deposit amount. Typically $20-$50 minimum. |
| Deposit Methods | Cash |