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How to buy cryptocurrency in Indiana

Buying cryptocurrency in Indiana doesn't have to be tricky — compare -1+ licensed platforms.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

In Indiana, there are multiple exchanges to choose from to buy coins like Bitcoin (BTC), Harmony (ONE) and Basic Attention (BAT). Indiana also has 853 registered Bitcoin ATMs where you can buy Bitcoin on the go, with the most popular locations being Indianapolis (493 ATMs), Indianapolis (493 ATMs) and Fort Wayne (80 ATMs). The most popular coin in Indiana in 2021 was Dogecoin, as reported by FinanceBuzz. Of course, there are more than 10,000 cryptocurrencies in existence, so who knows what Indiana's most popular coin will be next year.

How to buy cryptocurrency in Indiana

With a personal per-capita income of $48,678 in Indiana, choosing the right exchange and coin to purchase is a big decision. The average person in Indiana earns the equivalent of roughly 1.83 BTC or 30.54 ETH per year. Follow these steps to buy the crypto of your choice:

Step 1: Compare exchanges.

Exchanges vary in what coins they list and wallets they support. For example, eToro USA LLC Cryptocurrency Trading lists over 79 cryptocurrencies and Robinhood Crypto lists 14. Exchanges can also vary in deposit methods and fees. Confirm the platform supports any specific coins you're interested in before signing up.

Our top pick: Kraken Cryptocurrency Exchange

N/A
Minimum Deposit
230
Cryptocurrencies
8
Fiat Currencies
  • Established crypto exchange that’s served customers for over a decade
  • Supports over 200 crypto assets
  • Provides resources for both beginner and advanced traders
  • Registered as a Money Service Business (MSB) and is FinCEN compliant
  • Offers futures contracts and margin for trades
  • Not available to residents of New York and Washington state
  • No longer offers its staking service to US residents
Kraken is an established cryptocurrency exchange that offers features for beginner and advanced crypto investors alike.

If you’re new to crypto investing, Kraken’s simple and intuitive user interface makes it easy for you to open an account and make your first crypto purchase. And Kraken’s Learn center helps you better understand the complex terminology that surrounds crypto.

If you’re a seasoned crypto investor, you’ll benefit from using Kraken Pro — the exchange’s advanced trading platform, which lets you trade over 200 crypto assets with low trading fees and a customizable trading interface. Kraken Pro also offers futures contracts as well as up to 5x leverage for trades.
Deposit Methods Bank transfer
Credit card
Cryptocurrency
Debit card
Apple Pay
Google Pay
SWIFT
ACH online banking
Deposit Fees ACH deposit - Fees vary ($10 minimum deposit)
Credit and debit card - Fees vary ($10 minimum deposit)
Apple Pay or Google Pay - Fees vary ($10 minimum deposit)
Crypto - Free
Withdrawal Fees FedWire withdrawal - $4-$35
Crypto - Fees vary depending on coin or token
Trading Fees Maker: 0-0.16%
Taker: 0.1-0.26%

No matter what exchange you choose, it's important to verify that it's available in Indiana. Some states have strict requirements, while others simply require a money transmitter license. partner is not available in Indiana, so watch out for that. Once you've settled on an exchange, you're required to complete "know your consumer" (KYC) requirements, which involves your name and proof of identification. You may also need to prove your address by uploading something like a lease, a credit card statement or a government benefits statement.

General steps to signing up with an exchange include:

  1. Create an account
  2. Verify your identity, usually with government-issue ID
  3. Connect a digital wallet
  4. Deposit funds

Step 2: Choose a digital wallet.

A crypto wallet, often called a digital wallet, is where you store your crypto assets, like coins and tokens. Digital wallets fall into roughly two types:
  • Software. Downloadable, Internet-connected programs stored on your computer or device.
  • Hardware. External, offline physical devices you plug into your computer or device to access your digital assets. Also called cold storage.
Online digital wallets typically require steps that include:
  1. Create an account
  2. Record generated seed phrase — or master password
  3. Connect a debit card, credit card or bank account
  4. Connect wallet to network required by the marketplace

Popular online wallets include Ledger, Trust Connect, MetaMask and Coinbase.

Step 3: Research coins.

You've heard of crypto staples Bitcoin (BTC) and Ether (ETH), but there are literally thousands of altcoins available to invest in, with more created all the time. Other recently popular coins include BitMart (BMX), Bella Protocol (BEL), Bitcoin (BTC) and Chainlink (LINK). Cryptocurrency is a speculative investment. Costs can vary greatly among coins and fluctuate daily, leaving room for dramatic gains and losses. Investing in the big-name coins still doesn't come with any guarantee of profit. Despite the lack of guarantee, you can still narrow down a coin that fits your needs by researching elements that include:
  • Supply and scarcity. Crypto coins have limited supply, which can influence their value. Classic supply and demand.
  • Market capitalization. Our in-depth coin guides include details on how a coin ranks in market value, its availability and the max number of coins expected to be issued.
  • Node count. Nodes are how many participants there are in a blockchain network. Nodes all work together to verify transactions — the more nodes, the better.

Where do I buy crypto in Indiana?

To buy crypto in Indiana, look for a crypto exchange that fits your needs. Consider using:

eToro USA LLC Cryptocurrency Trading

Finder rating 4 / 5 ★★★★★

Robinhood Crypto

Finder rating 4 / 5 ★★★★★

Founded in 2013 as a traditional investment app, you can now buy up to seven cryptocurrencies through Robinhood, including BTC, ETH, LTC and DOGE. No fees to buy and sell crypto and no account minimum. But you can't withdraw crypto funds from your Robinhood account.

Coinbase Digital Currency Exchange

Finder rating 4 / 5 ★★★★★

Started in 2012, Coinbase aims to build the crypto-economy with its beginner friendly platform. Over 70 million users from over 100 countries use Coinbase.

Coinbase has over 80 cryptocurrencies available, including Dogecoin (DOGE) and Shiba Inu (SHIB). Transaction fees are calculated using a combination of factors, including your payment method, the order size and varying market conditions, like volatility.

SoFi Invest Crypto

Finder rating 4.5 / 5 ★★★★★

Founded in 2011, this popular fintech offers multiple options for investing, including crypto. Lists 22 cryptocurrencies that include BTC, ETH, DOGE and LTC. No account minimum, and free financial counseling. Charges 1.25% markup on crypto transactions, supporting purchases of $10 to $50,000, with limits on select coins. You can't transfer crypto to external wallets or accounts.

Paybis Cryptocurrency Exchange

Paybis is a global cryptocurrency broker based out of the UK, founded in 2014. It's supported in over 180 countries, supports 42 fiat currencies and lists over 30 cryptocurrencies. While you have hundreds of buying options, you can only sell BTC on the platform. For payment, the fees vary, and there are high fees for fiat transactions. Paybis is known for its responsive customer service and supports nine different languages. It may be best suited for beginner traders looking to buy crypto with fiat currency, but it's not supported in all U.S. states.

How to buy Bitcoin (BTC) in Indiana?

To buy Bitcoin in Indiana, you will first need to sign up for an exchange like Public, Coinmama or SoFi. Different exchanges support different payment methods and cryptocurrencies. We have detailed instructions on how to buy Bitcoin which covers how to pick an exchange, payment methods, wallets and more.

Can I buy Harmony (ONE) in Indiana?

Yes, you can buy Harmony in Indiana using an exchange like Public, Coinmama or SoFi. We recommend exploring a list of exchanges that support Harmony and taking a deeper dive into how to buy Harmony.

Can I buy Basic Attention (BAT) in Indiana?

Yes, you can buy Basic Attention in Indiana using an exchange like Public, Coinmama or SoFi. We recommend exploring a list of exchanges that support Basic Attention and taking a deeper dive into how to buy Basic Attention.

Regulations around cryptocurrency in Indiana

States also vary on regulations, guidelines and financial regulatory agencies that govern cryptocurrency — despite the fact that crypto is considered decentralized finance, or DeFi.

Indiana's regulations according to Bloomberg Law

The definition of money transmission in Ind. Code § 28-8-4-13 does not expressly mention virtual assets and may exclude virtual assets, including virtual currency, if sold for any purpose other than immediately facilitating a payment. According to the Indiana money transmitter licensing FAQ on NMLS , a virtual currency exchange does not generally require a money transmitter license.
Source: Bloomberg Law
Exchanges must also obtain a money transmitter license to operate in states. The Anti-Money Laundering Act of 2020 requires exchanges to get money transmitter licenses, since cryptocurrency is considered a digital currency.

Know before you buy crypto

Cryptocurrency is decentralized finance, so there isn't an authoritative entity out there looking out for you. While exchanges and digital wallets can do their best to keep things secure, you can proactively protect yourself with our top tips:
  • Secure your wallet. One of the most important things you can do to protect yourself from theft or hacking is by keeping your digital wallet's keys safe. If someone gets access, you could lose your assets without much hope for recovery.
  • Read the fine print. Marketplaces and exchanges often aren't liable if bad actors get access to your digital wallet or assets. Learn about the security measures in place to prevent access to your money.
  • Watch out for phishing scams. No exchange will ask you to confirm the password to your wallet or keys through email or by phone. Call the company directly to ask about suspicious contacts or anything else you're not sure about.
  • Reputable exchanges require ID. Signing up with a reputable exchange site typically requires you to submit such personal information as your address, SSN and email. This step is often called KYC and is required. If you skip this step, there may be legal consequences – especially if you skip it to use a non-licensed exchange.
  • Cryptocurrency is volatile. Don't invest more than you can afford to lose. The value of any coin can change in a matter of seconds, spelling major losses or gains that depend on interest and how much you invest. Learn more about the fundamentals of cryptocurrency to better equip yourself in this volatile market.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
KuCoin Cryptocurrency Exchange
OFFER
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

743
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

369
cryptocurrencies

eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill
EUR, GBP, NZD, USD, AUD, HKD, SGD, CHF, NOK & 5+ more

78
cryptocurrencies

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

279
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1607
cryptocurrencies

Changelly Crypto-to-Crypto Exchange
Credit card, Debit card
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

391
cryptocurrencies

US residents: US-based users can not use Changelly.
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

222
cryptocurrencies

OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

338
cryptocurrencies

Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

237
cryptocurrencies

Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

390
cryptocurrencies

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

77
cryptocurrencies

Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card
USD, EUR, AUD, CAD, GBP, JPY

18
cryptocurrencies

OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

140
cryptocurrencies

Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

311
cryptocurrencies

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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.
OFFER

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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