Is bitcoin legal in Ohio?
Although bitcoin and cryptocurrencies aren’t considered as legal tender in Ohio, people are completely free to buy, sell, and trade bitcoin and cryptocurrencies. In fact, there are good amounts of bitcoin ATMs scattered around Ohio!
This applies whether you’re from Columbus, Cleveland, Cincinnati, Toledo, or whatever city in Ohio.
Has bitcoin been banned in Ohio in the past?
No ❌. While businesses in Ohio can unfortunately no longer pay their taxes in bitcoin as the OhioCrypto.com service has then been suspended in 2019, there hasn’t been a ban on Bitcoin(specifically) in Ohio or the United States in general in the past.
Where can I buy or sell bitcoin in Ohio?
While there are a good number of bitcoin ATMs scattered around Ohio as said earlier, we heavily suggest the usage of online services instead— for lower fees, better prices in general, more convenience, and for your personal security.
We suggest buying and selling bitcoin on free and reputable platforms such as LocalBitcoins instead, with your preferred currency and preferred payment method.
Though LocalBitcoins is a great platform, always make sure to only transact people with high feedback scores, and with a good number confirmed number of trades.
Where can I trade cryptocurrencies in Ohio?
If you’re planning on trading other cryptocurrencies besides bitcoin, like Ethereum (ETH), Ripple (XRP) and Litecoin (LTC), or whatever your favorite cryptocurrency is, you can do so through secure and reputable platforms like Binance.
Where do I store my bitcoin and cryptocurrencies?
On the other hand, if you have a good amount of your money invested in bitcoin and cryptocurrencies, we heavily suggest storing your funds on a good hardware wallet for your funds to be as secure as possible.
Please take the security of your funds seriously. For more information on bitcoin and cryptocurrency wallets in general and how secure or unsecure they are, please refer to CryptoSec’s definitive guide to bitcoin & cryptocurrency wallets.
Take note that while you can make a lot of money by trading and investing in bitcoin or cryptocurrencies, you could also lose a lot of money. Bitcoin and cryptocurrencies are heavily volatile assets in terms of price so trade with caution.
There are a lot of scams in the bitcoin and the cryptocurrency space due to the pseudonymous nature of most if not all cryptocurrencies. Always think twice when sending in money, typing in your login credentials on websites, and when responding to unsolicited messages.
We heavily suggest learning about bitcoin & cryptocurrency scams to prevent yourself from falling for them.