How To Buy Bitcoin in San Francisco

Before we delve into the intricacies and methods explaining how to buy cryptocurrency in San Francisco, it is imperative that we go through several considerations. Let’s begin.

Is Bitcoin Legal in San Francisco?

It is vital to understand how cryptocurrency regulations are implemented at both the state and federal levels before you buy bitcoin locally. These regulations could affect your ability to purchase cryptocurrencies and what exchanges and services you can use. The state of California is in the process of creating its own crypto laws, while federal regulators work on a national framework for cryptocurrency.

California has an economy larger than numerous countries worldwide, and it is home to much of the world’s technological innovation. California became the first state in May 2022 to officially begin to examine how to broadly adapt to cryptocurrency and related innovations.

Governor Gavin Newsom signed an executive order requiring state agencies to work with the federal government to create regulations for digital currencies. This order also requires officials to consider incorporating more blockchain computer codes into government operations.

When it comes to San Francisco, CA, Bitcoin law specifically, the jury is still out. However, California is the most advanced state that attempted to create a comprehensive crypto regulation approach. Conversely, Ohio was the first state to accept virtual currency in 2018 for government services. Regardless, the program was quickly discontinued as few people used it.

California legislators are just a few of the many throughout the U.S. that proposed similar legislation. For instance, Senator Sydney Kamlager proposed a bill that would allow California to accept crypto assets in exchange for state services but failed in its first committee. Additionally, a similar bill by assembly person Jordan Cunningham is currently stalled.

Newsom thinks despite the potential pitfalls of cryptocurrency, California should lead the way in adapting to technological change. The California Blockchain Working Group's July 2020 report reviewed the benefits and risks of blockchain technology which is the basis for his thoughts.

For the time being, Californians can buy, trade, and use Bitcoin and other cryptocurrencies in San Francisco and elsewhere throughout the state freely. In other words, cryptocurrencies are not inherently illegal in the state/country.

Where Can I Buy Bitcoin in San Francisco?

Trusted and regulated crypto exchanges may be the best place to buy Bitcoin and other cryptocurrencies. For example, CEX.IO is a licensed and regulated Bitcoin exchange in San Francisco, California, and the other states. Its proven track record of reliability allows U.S. customers to purchase Ethereum, Bitcoin, and other cryptocurrencies, and also sell them via multiple channels.

Alternatively, you can also buy Bitcoin locally, by visiting a Bitcoin ATM in San Francisco. But, remember that you will need a secure Bitcoin wallet to store your coins if you choose this option.

Why Choose CEX.IO to Buy Crypto Products?

Being licensed, regulated, and reputable aren’t the only reasons why users choose our platform. CEX.IO was among the industry’s first cryptocurrency exchanges to allow users to purchase crypto using their payment cards. After a few steps, CEX.IO users can buy crypto with credit card quickly and securely with a few simple steps. There are many other reasons why buying crypto with CEX.IO is an excellent choice:

• Reliability and recognition — CEX.IO was founded in 2013 and is a global and regulated crypto exchange. The platform offers its services in more than 99% of countries and has more than five million users globally.
• High-level security — CEX.IO employs state-of-the-art technology to protect users' data and ensure the safety of their funds. The platform offers multiple second-layer security features that encourage users to increase their security and protect their funds.
• Numerous fiat payment options — CEX.IO allows purchasing cryptocurrencies with Visa and Mastercard credit and debit cards. U.S. citizens can also use domestic wire transfers, ACH and international bank transfers (SWIFT), PayPal, and online wallets such as Skrill and Epay.
• A standalone ecosystem of cryptocurrency services — you can trade, buy and sell dozens of cryptocurrencies with CEX.IO. To potentially benefit from the fluctuating cryptocurrency prices, you can either store your coins in an account or trade them. You can also earn passive cryptocurrency income by using our staking services.

How Do I Buy Cryptocurrency Using CEX.IO?

CEX.IO allows you to purchase cryptocurrencies in many ways and is not limited to one option. Each CEX.IO service offers a unique experience and has its own features. Consequently, users have the freedom to choose the method that best suits their needs.

• Buy/Sell Service — Buy or sell Bitcoin and other cryptocurrencies instantly by using your debit or credit card.
• Spot trading — Place limit and market orders to buy or sell crypto tokens on crypto-to-crypto and crypto-to-fiat markets.
• The CEX.IO mobile app & exchange service — Swap fiat currencies with crypto even if there are no available currency pairs for trading.

How Do I Buy Ethereum in San Francisco with a Bank Card?

The Buy/Sell service on CEX.IO is a convenient way to buy Ethereum or any other cryptocurrency using a credit card. The entire process takes only a few seconds and involves a single transaction. U.S. users can use the Buy/Sell option to purchase major cryptocurrencies and popular altcoins alike.

Follow these steps to purchase Ethereum on CEX.IO using the Buy/Sell option:

1. Choose ETH from the dropdown menu of available cryptocurrencies.
2. Select a preferred fiat currency for the transaction (such as the U.S. dollar, for example).
3. You can either manually enter the amount that you wish to purchase or choose from one of the pre-calculated packs.
4. Use a verified card or add a new debit/credit card for the transaction.
5. Double-check all transaction details before you confirm it.
6. Within minutes, your CEX.IO balance will reflect the purchased cryptocurrency.