It is legal to buy and sell Bitcoin in Delaware, and therefore there are many exchanges to choose from.

Unlike other states in the US which have begun to impose their own regulations in conjunction to Federal law, specific Delaware licensing is not required for exchanges. As a result Delaware has the full breadth of bitcoin exchanges to choose from without limitation.

There are therefore more options to choose from in Delaware when looking to buy bitcoin.

When looking at bitcoin exchanges consider the following:

  • Legality in the US
  • Simple or sophisticated features
  • Low or high volume trades
  • Fees
  • Pairings

Your personal bitcoin investment strategy should also play a part with which exchange to choose from.

We outline bitcoin exchange features, their service, and how you should balance your investment strategy with the exchange that you choose.


Top 5 Delaware Bitcoin Exchanges

Coinbase
Coinbase Pro
One of the oldest and most popular bitcoin and cryptocurrency exchanges to use. Arguably the safest and most secure of exchanges at the time of writing.
  • Legally operates in US, Regulated and Licensed
  • Track record of withdrawal is good
  • Excellent Bid Ask Spread
  • Easy to Use

Binance.US
Accepts Delaware residents. Do NOT use the original Binance site, as this has now removed all US users.
  • Licensed and Regulated in Delaware: Sale of Checks and Transmission of Money, 030095
  • Track record of withdrawal is good
  • Excellent Bid Ask Spread
  • Easy to Use

CEX io cryptocurrency exchange
CEX.IO
Also a relatively new comer to the cryptocurrency industry, the platform is easy to use. Transaction fees are reasonable, but pairings are limited.
  • Licensed and Regulated in Delaware: Sale of Checks and Transmission of Money, 027793
  • Track record of withdrawal is good
  • Excellent Bid Ask Spread
  • Easy to Use

coinmama cryptocurrency exchange
CoinMama
A relatively new comer to the cryptocurrency industry, but has developed a solid reputation. Variety of pairings is limited, but is safe and secure to use.
  • Legally operates in US via a third party.
  • Track record of withdrawal is good
  • Excellent Bid Ask Spread
  • Easy to Use

kraken cryptocurrency exchange
Kraken
The founders of Kraken, were also the original founders of Facebook. They have enormous experience in fintech and cryptocurrency trading. Creating the perform platform for Americans.
  • Legally operates in US, Regulated and Licensed
  • Track record of withdrawal is good
  • Excellent Bid Ask Spread
  • Easy to Use

Overview of Delaware Bitcoin Exchanges

Buy and selling Bitcoin through an exchange is the most common and the easiest way. An exchange provides a convenient way to quickly buy and sell, it’s also the safest and secure. Of course there are many other ways that you can buy Bitcoin.

  • Buy direct from a Seller without a broker
  • Work for Bitcoin
  • Mine Bitcoin
  • Bitcoin ATMs

While there are numerous cryptocurrency exchanges available in Delaware, there are some important factors to be considered.. The best exchanges cater for the below factors very well

There are many exchanges to choose from in Delaware. Some don’t often come to mind, because the operators are offshore based but still open to residents of Delaware. Cryptocurrencies are new to the world let alone the US. Each US state has their own laws which dictate the legality of trading in bitcoin and cryptocurrencies.

Not all exchanges are permitted to be used in Delaware. If they don’t have a license then technically it is illegal to be used. However, due to the nature of exchanges being able to be operated from anywhere in the world, it is difficult for law enforcement agencies to prevent use of offshore licensed exchanges within the US.

Having said that, Binance.com (which used to accept US users) is an exchange that has deliberately and purposefully begun to move their Delaware users to Binance.US. They are performing this transfer, in order to meet Delaware State regulatory requirements.

🔒 Safety and Security

The first and foremost area to evaluate is the safety and security provisions of a cryptocurrency exchange. Since traders intend to provide their personal as well as confidential details (bank and credit/debit card details, address, cryptocurrency wallets etc.) to the exchange’s database, it should be backed by a strong and reliable security system. The exchange has to be efficient enough to deal with any type of malware or hacker’s attack.

📞 Customer Support

From a novice to a professional trader, everyone needs help/assistance in one way the other. Sometimes, they need someone to sign-up on the exchange or carry out transactions to ensure safety of their personal details. Also, the customer support has to be prompt, responsive, knowledgeable and most importantly, courteous to give respect to all clients, no matter how small or big they are. Their professionalism and legitimacy in answering questions is what wins the clients.

💳 Payment Methods

Arizona’s cryptocurrency exchanges provide multiple methods to their clients to deposit or withdraw funds. From using debit/credit cards (Mastercard or VISA), e-payment options (PayPal, Skrill etc.) to making wire transfers, these exchanges ensure safety of traders’ money by hook or by crook. Also, their e-wallets are responsible to simplify transactions while you will have to bear some fees or charges.

🪙 Cryptocurrency Selection

Crypto selection is important for people who want to diversify their e-wallets and deal in fiat currencies. In other words, if you are planning to acquire Bitcoins against USD, then there is no need to worry about this element or vice versa. Like stock exchanges, the platforms should have a huge range of cryptocurrencies so that traders are able to make the decision which suits them the best. Whether they want to invest in bigger cryptos like Bitcoins, Ethereum, Ripple etc. or to play a safe game, a cryptocurrency exchange should have multiple options to choose from.

🏷 Coupons and Discounts

Based on their common purpose, coupons and discounts are intended to create a win-win situation by attracting more and more clients to start trading with them. For a good cryptocurrency exchange, these offers work as a marketing tool where they can reach maximum number of people and expect to get at least 50% responses within no time. traders are rest assured of getting discounts or reductions in transaction fees.

💰 Fees

There are two types of fees involved in cryptocurrency trading- payment fees and trading fees. The latter has been charges on the volume of cryptocurrencies being traded. The percentage usually decreases with the rise in volume. Which is why no exchange can be compared with the other.

⚙️ Platform Reliability

This point refers to an Exchange’s ability to remain functional even at the time of maintenance. The exchange should be protected against bugs so that it can run without hindrance.


Delaware Bitcoin Exchange Reviews

Considering the above criteria, following is a review of several bitcoin exchanges for Delaware.


Coinbase

Coinbase

Referred to as the top Bitcoin broker (BTC), Coinbase has always been the preference of beginners to try out their luck by investing in cryptocurrencies. Due to its simple user-interface and easy to handle mechanism, this cryptocurrency exchange has emerged as the best platform for all Bitcoin and other cryptocurrency fans. They can carry out transactions with SEPA transfer, bank transfer, debit/credit card. with the surety of buying highly liquid cryptos. The best part is that if any trader wants to buy cryptocurrencies urgently, he/she can do it through Instant Buy with a debit card.

Licensing: Sale of Checks and Transmission of Money, 019214


Coinmama

coinmama cryptocurrency exchange

Coinmama is the next worthwhile cryptocurrency exchange that works for its clients effortlessly. The best part is that it is available for everyone across the globe, which means that people from anywhere can easily invest or transact in digital currencies. Its transaction fees depend upon the volume of purchase; however, money can be paid through SEPA transfer at a lower fee. Another thing that makes Coinmama a good option is the highest limitation for dealing in bitcoins, especially while using credit cards. The exchange has proved itself a reliable and professional platform where traders can invest their money with ease.


Etoro

etoro cryptocurrency exchange

Licensed and Regulated in Delaware: Check Seller, Money Transmitter License (034700)

Etoro is on the mission to democratize money management to open doors of financial market for everyone. Its US platform intends to bring in modern and advanced techniques and norms, while continuing to support cryptocurrency trading. Etoro lets traders to deposit funds through wire transfer, online bank transfer, bank card or e-wallet (Skrill, Neteller or PayPal), where the minimum deposit is $50. The best part of Etoro is that customers can withdraw funds whenever they want without having to pay the platform fees.

Delaware Bitcoin ATMs

With the help of Bitcoin ATM, it’s quite easy for potential investors to buy bitcoins whenever they have enough funds available. They make the process so quick and easy that traders used to wonder whether things have been done properly or not. It is worth mentioning that Bitcoin ATMs charge between 5% to 10% fees against providing privacy, security and convenience of keeping personal and other details in private. This fee is literally worth the features traders will be getting.

LibertyX Bitcoin ATMs charge a 8% fee, and is limited $1 – $3,000 per day.

Bitcoin Depot ATM1107 S Dupont HwyDover, DE 19901
Bitcoin Depot ATM1018 S Little Creek RdDover, DE 19901
LibertyX Bitcoin ATM293 S Saulsbury Rd, Unit 0151Dover, DE 19901
Bitcoin Depot ATM1102 White Oak RdDover, DE 19901
Bitcoin Depot ATM1005 College Rd, Unit 101Dover, DE 19901
Chase ATM1365 N Dupont HwyDover, DE 19901
LibertyX Bitcoin ATM6 W Lebanon Rd, Unit 0139Dover, DE 19901
LibertyX Bitcoin ATM295 S Dupont HwyDover, DE 19901
LibertyX Bitcoin ATM108 Silicato Pkwy, Unit 0142Dover, DE 19901
LibertyX Bitcoin ATM16979 Beach Hwy, Unit 0141Dover, DE 19901
LibertyX Bitcoin ATM11460 S Dupont Hwy, Unit 0013Dover, DE 19901
Coinme Bitcoin Kiosk – CoinStar155 N Dupont HwyDover, DE 19901
LibertyX Bitcoin ATM7250 Milford Harrington Hwy, Unit 0121Dover, DE 19901
DigitalMint Bitcoin ATM155 N Dupont Hwy, Ste 1Dover, DE 19901
LibertyX Bitcoin ATM47 Fast Landing RdDover, DE 19901
Coin Cloud Bitcoin ATM88 Salt Creek DrDover, DE 19901
Unbank Bitcoin Atm133 S Saulsbury RdDover, DE 19904
LibertyX Bitcoin ATM6538 Halltown RdHartly, DE 19953
Bitcoin Depot ATM2360 Pulaski HwyNewark, DE 19702
LibertyX Bitcoin ATM304 N Dupont BlvdSmyrna, DE 19977

LocalBitcoins

Known for providing an escrow service, this cryptocurrency platform enables clients to find the right buyers for their Bitcoins. Although advertisement is a good option to go with, many have not received the required level of responses. The thing that makes LocalBitcoins different from others is the in-person meeting, which is facilitated and secured by LocalBitcoins have turned out to the fastest platform to acquire Bitcoins within a few minutes.


Bitcoin Legality in Delaware

Exchanges are required to obtain a license from the Delaware Office of the State Bank Commissioner.

Website: https://banking.delaware.gov/apply-for-a-license/sale-of-checks/

Delaware was one of the first US States to sprint out of the blocks with legislative change to address the new technology in bitcoin. During mid 2017, the Senate passed Bill 69 to allow companies to legally use blockchain technology as a way of digital recording. This meant that any form of trading using blockchain, which includes bitcoin and other cryptocurrencies, was permitted and could apply to the following:

  • Companies could use the blockchain ledger to maintain a list of shareholdings
  • Store and record data related to shareholdings
  • Transfer shareholdings from one stakeholder to another

In essence, a traditional record keeping, accounting ledger was allowed to be replaced with blockchain technology.

In mid 2018, the senate passed further bills SB194 and 183 to include partnerships, trusts and other legal entities.

In mid 2019, the senate passed Bills 89, 90, and 91 to change the Delaware Revised Uniform Partnership Act and Delaware Limited Liability Company Act. To further enhanced the legality for using blockchain as a form of electronic ledger for further applications beyond shareholdings.


Bitcoin and Cryptocurrency Wallets

Some exchanges also offer wallets. It’s not necessary for a good exchange to offer a wallet to their clients, though it can be a nice to have for new investors. However, be aware that online wallets offered by exchanges are normally hot wallets. That is, these wallets are connected permanently to the internet. This can be quite risky to use a wallet that is controlled by the exchange and not by yourself.

Hence it’s not necessarily a good thing if an exchange offers a wallet, but it’s a nice to have, if you are looking for an exchange with their own wallet.

  • Online Wallets: Every crypto-exchange has their own wallet where traders can store their coins or cryptocurrencies for as long as they want. However, there are two types of these wallets that traders have to decide about which wallet they want to use for their trading.
  • Delaware Hot Wallets: Since the inception of bitcoins and other cryptocurrencies, wallets have been transformed and divided into two forms- desktop and online. Digital wallets are free and can hold any cryptocurrency that traders want. They enable them to get easy access to their cryptocurrencies via mobile devices. They are perfect for beginners who want something easy to start with.
  • Delaware Cold Wallets: These specifically designed devices work as physical cryptocurrency storage that allow traders to bring their cryptos with them, no matter where they are going. Though, the only considerable thing is their expensive nature with limitations of storing certain cryptocurrencies for future use.

The minimum legal age for buying and selling bitcoin in Delaware is 18 years old.


How to Lodge a Cryptocurrency Customer Complaint

If you have a customer complaint at a cryptocurrency exchange, please raise the issue with them first.

If unresolved, please contact the State Finance Department.

Office of the State Bank Commissioner
1110 Forrest Avenue Dover
Dover, DE  19904
(302) 739-4235

https://banking.delaware.gov/consumer-complaints/


Bordering States

Pennsylvania | New Jersey | Maryland