How to buy bitcoin in Vermont
- Status
- Legal
- State licensing
- Money transmitter license (since 2017)
- Available
- 7 of 8 tracked exchanges
- Last reviewed
- 2026-08-23
Vermont's exchange lineup stops at seven: Binance.US will not open accounts for Vermont residents, while Coinbase, Kraken, Gemini, River, Swan Bitcoin, Strike, and Coinmama all serve the state in full. The platforms that do serve you hold licenses from the Department of Financial Regulation, whose money transmission statute, 8 V.S.A. chapter 79, has expressly covered virtual currency since a May 2017 amendment. That oversight has teeth; the department's public orders include a consent agreement with Poloniex, so the exchanges still on the list have cleared real scrutiny. Keep costs down the standard way: link a bank account and fund with free ACH transfers, using debit cards or wires only when you need the money there fast.
Best exchanges in Vermont
Our national ranking, narrowed to the platforms that actually serve Vermont 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 | 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. 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
Not available in Vermont
These platforms do not currently accept Vermont residents. Their review pages explain what they offer elsewhere.
- Binance.US
Binance.US does not accept residents of this state.
Payment methods in Vermont
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 Vermont. 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 Vermont 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 Vermont?
Bitcoin is legal in Vermont. The Department of Financial Regulation licenses money transmitters under the Money Services Act, 8 V.S.A. chapter 79, and a May 2017 amendment wrote virtual currency into the statute, putting platforms that store or transmit bitcoin for Vermonters on notice that they need a license. DFR has backed the requirement with enforcement, including a stipulation and consent order signed by the exchange Poloniex. Federal FinCEN registration applies to exchanges in every state.
Sources
Frequently asked questions
Is bitcoin legal to buy in Vermont?
Yes. Federal law makes buying and holding bitcoin legal nationwide, and Vermont's Department of Financial Regulation licenses the exchanges that serve state residents under the Money Services Act.
Which exchange skips Vermont?
Only Binance.US, which lists Vermont among its unsupported states. The other seven platforms we track, including Coinbase, Kraken, and Gemini, offer Vermonters full service.
When did Vermont start regulating bitcoin businesses?
In May 2017, when the legislature amended the money transmission statute to define virtual currency, making clear that storing or transmitting bitcoin for Vermont customers requires a money transmitter license from the Department of Financial Regulation.
What is the cheapest funding method for Vermonters?
ACH transfer from a linked bank account, which is free on the major exchanges and settles in a few business days. Debit cards and wire transfers cost more but arrive faster.