How to buy bitcoin in Maryland
- Status
- Legal
- State licensing
- Money transmitter license, crypto in scope since 2021
- Available
- 8 of 8 tracked exchanges
- Last reviewed
- 2026-08-23
Maryland's Office of the Commissioner of Financial Regulation, a unit of the state Department of Labor, decides who may move money for state residents, and every major bitcoin platform has cleared that bar: all eight exchanges we track, Coinbase, Kraken, Gemini, River, Swan Bitcoin, Strike, Binance.US, and Coinmama, serve Maryland in full. Legislation passed in 2020 and 2021 pulled virtual currency squarely into the Maryland Money Transmission Act, and the state has since finalized dedicated rules for bitcoin ATMs, so the platforms listed here operate under real supervision. Buying works the way it does across the country: link a checking account, fund by ACH transfer for free, and use an exchange's advanced trading interface rather than instant buy to keep costs down. Debit cards and wires cost more but settle faster.
Best exchanges in Maryland
Our national ranking, narrowed to the platforms that actually serve Maryland residents. Rankings are never sold.
| # | Exchange | Rating | Fees | ID check | Pay with | Visit or read the review |
|---|---|---|---|---|---|---|
| 1 | Coinbase | 4.5 | Maker-taker on Advanced Trade | Required | ACH transfer +3 | Visit |
| 2 | Kraken | 4.7 | From 0.25% maker, 0.40% taker | Required | ACH transfer +5 | Visit |
| 3 | Gemini | 4.4 | 0.5% + flat fee on easy buys | Required | ACH transfer +5 | Visit |
| 4 | River | 4.6Bitcoin-only | Free recurring, 1.2% one-off | Required | ACH transfer +1 | Visit |
| 5 | Swan Bitcoin | 4.4Bitcoin-only | About 0.99% per purchase | Required | ACH transfer +1 | Visit |
| 6 | Strike | 4.6Bitcoin-only | Fee shown before you confirm | Required | ACH transfer +2 | Visit |
| 7 | Binance.US | 3.9 | 0% maker, 0.02% taker | Required | ACH transfer +1 | Visit |
| 8 | Coinmama | 3.9 | Commission plus card surcharge | Required | Debit card +1 | Visit |
Why these picks
1. Coinbase The easiest US on-ramp for beginners, publicly listed, and legally in the clear since the SEC dropped its case.
Pay with ACH transfer, Wire transfer, Debit card, PayPal
Debit card: Coinbase does not support credit cards for US buys
PayPal: buy/sell via linked bank or card; sell-to-PayPal balance supported
2. Kraken A 2011-vintage exchange with one of the cleanest security records in the business, heading toward a US stock listing.
Pay with ACH transfer, Wire transfer, Debit card, Apple Pay, Google Pay, PayPal
ACH transfer: instant credit for trading; 7-day hold before withdrawal on first-time deposits
Debit card: 72-hour withdrawal hold on first purchase
PayPal: 72-hour withdrawal hold on first deposit
3. Gemini The NYDFS-chartered trust company the Winklevoss twins founded, serving all 50 states including New York, listed on Nasdaq since 2025.
Pay with ACH transfer, Wire transfer, Debit card, Apple Pay, Google Pay, PayPal
ACH transfer: US customers only; 4-5 business days to clear for withdrawal
Wire transfer: $25.01 minimum, $25 withdrawal fee
Debit card: retail clients only; $1,000/day limit; cannot withdraw fiat to card
PayPal: deposits and instant buys only; no withdrawals to PayPal
4. River US bitcoin-only brokerage with zero-fee recurring buys, phone support and full proof of reserves.
Pay with ACH transfer, Wire transfer
Wire transfer: used for larger purchases
5. Swan Bitcoin DCA-first bitcoin-only platform with 0.99 percent fees, automatic withdrawals to self-custody and Bitcoin IRA options.
Pay with ACH transfer, Wire transfer
Wire transfer: for larger/IRA purchases
6. Strike Lightning-native app for buying bitcoin and sending it anywhere instantly, with no added fee on transfers.
Pay with ACH transfer, Wire transfer, Debit card
Wire transfer: flat-fee deposits suited to larger amounts
7. Binance.US The lowest spot fees in the US market, offset by a twelve-state coverage gap and a rebuilt post-2023 operation.
Pay with ACH transfer, Wire transfer
ACH transfer: zero Binance.US fee; bank fees may apply
8. Coinmama A card-first broker that sends bitcoin straight to your own wallet instead of holding it for you.
Pay with Debit card, Wire transfer
Debit card: credit cards also accepted
Payment methods in Maryland
Which rails work depends on the exchange, and in a few states on where you live; the table above shows exactly which methods each platform takes here.
- ACH transferPrimary
Watch: how to choose an exchange
This is our general video rather than a walkthrough for Maryland. It shows the method in two steps: first the country you are buying in, then the exchange. You have done step one by being here, so start from the exchanges ranked above.
We have not filmed a walkthrough for Maryland yet, so this is our general one, from our YouTube channel @dontgetrekt. It also sits on the home page, next to the country search it starts from.
Is bitcoin legal in Maryland?
Bitcoin is legal in Maryland. The Office of the Commissioner of Financial Regulation, within the Maryland Department of Labor, administers the Maryland Money Transmission Act, and bills passed in 2020 and 2021 (SB 754 and SB 219) brought virtual currency within its licensing scope. The state also finalized dedicated virtual currency kiosk rules in COMAR 09.03.16. Federal law, FinCEN registration and IRS tax treatment, applies as it does in every state; the state layer is the transmitter license.
Sources
Frequently asked questions
Is bitcoin legal in Maryland?
Yes. Buying, holding, and selling bitcoin is legal. Exchanges that hold customer funds need a Maryland money transmitter license from the Office of Financial Regulation, and virtual currency has been squarely within the Maryland Money Transmission Act since legislation passed in 2020 and 2021.
Do all the major exchanges work in Maryland?
Yes. All eight platforms we track serve Maryland with no restrictions: Coinbase, Kraken, Gemini, River, Swan Bitcoin, Strike, Binance.US, and Coinmama.
What is the cheapest way to buy bitcoin in Maryland?
Fund an exchange by ACH bank transfer, which is free on the major platforms, then buy on the advanced or pro trading interface rather than the instant-buy widget. Debit cards and wires are faster but cost more.
Are bitcoin ATMs regulated in Maryland?
Yes. Maryland finalized dedicated virtual currency kiosk rules in COMAR 09.03.16, and registering a kiosk does not replace the money transmitter license where one is required. Kiosks remain far more expensive than exchanges.