7 Exchanges to Buy Bitcoin in Texas with Low Fees
A list of ways to purchase bitcoin in Texas.
River
US-based Bitcoin exchange available in Texas. Purchase BTC with instant buys or recurring orders. Selling is also available.
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.
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.
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.
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.
Table of Contents
Exchange Support
| Exchange Name | Support for Texas |
|---|---|
| Binance.us | No |
| Coinbase | Yes |
| Kraken | Yes |
| Kucoin | No |
| Fold | Yes |
| 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 |
|---|---|---|---|
| 0.0% | 0.99% | 0.99% | |
| 0.0% | 0.4% | 0.4% | |
| 0.55% | 0.0% | 0.55% | |
| 0.3% | 1.0% | 1.3% | |
| 1.5% | 0.0% | 1.5% | |
| 0.5% | 2.99% | 3.49% | |
| 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 |
|---|---|
| $0.99 | |
| $0.4 | |
| $0.55 | |
| $1.3 | |
| $1.5 | |
| $3.49 | |
| $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 |
|---|---|
| Registered MSB with FinCEN. | |
| FinCEN as a money services business. U.S. SEC as a broker-dealer. | |
| New York State Department of Financial Services (NYDFS). | |
| FinCEN (USA), FCA (UK), FINTRAC (Canada), FCIS (EU) | |
| Registered money services business with FinCEN (USA). | |
| Chartered by New York State Department of Financial Services for virtual currency. | |
| Chartered by New York State Department of Financial Services for virtual currency. | |
| 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. |
Deposit Fees
These are fees exchanges may charge for deposits. Fees are subject to change.
| Exchange | Deposit Fees |
|---|---|
|
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
|
|
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
|
|
ACH: $0 Wire: $0 SEPA: $0 SWIFT: $0 |
|
|
ACH: $0 Wire: $0 SEPA: $0 SWIFT: $3 |
|
|
ACH: $0 Wire: $0 |
|
|
ACH: $0 SWIFT: $0 |
|
|
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 |
|---|---|---|
Earn Interest & Rewards
The following table shows interest rates offered by exchanges.
| Exchange | Interest Rate & Details |
|---|---|
|
3.8%
Earn 3.8% interest on FDIC-insured cash, paid out in Bitcoin. No fees or minimums. Withdraws allowed anytime.
|
|
|
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.
|
|
|
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).
|
|
|
4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
|
|
|
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 |
4.8
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 |
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 |
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 |
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 |
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 |
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 |
