U.S. cities that accept Bitcoin | Statista (2024)

FAQs

What cities in the US are Bitcoin friendly? ›

Los Angeles, Chicago, and Houston are well-known in the crypto industry for crypto and bitcoin adoption. Worldwide, cities throughout Europe have adopted crypto, as have cities in Asia such as Tokyo, Seoul, and many others.

Prominent companies currently accepting Bitcoin include Subway, Burger King, ExpressVPN, and Newegg. Others like Amazon and Sony's Playstation Network allow Bitcoin holders to convert digital coins into gift cards, indirectly supporting crypto payments.

Los Angeles had almost two times more Bitcoin ATMs than Atlanta in 2022, with nearly 1,000 cryptocurrency installations found in the latter city. In general, Bitcoin ATMs were not necessarily found in the bigger cities of the United States: New York City, for instance, counted less machines than Detroit or Orlando.

Texas. Texas is considered one of the most crypto-friendly states in the country. In 2021, the Texas Department of Bank allowed state-chartered banks to offer cryptocurrency custody services. In addition to cheap electricity for miners, Texas has enacted friendly policies for miners.

According to crowdsourcing, most U.S. vendors that accepted cryptocurrency in their stores in 2021 were found in California. New York, Los Angeles and San Francisco had the highest amount of companies that had an in-store ATM for cryptocurrency withdrawal, or accepted them for payment that year.

Bitcoin is a viable option for purchasing a car, but it has several significant issues. Volatility – Bitcoin's volatility can be advantageous or risky when purchasing large items like cars. If the value rises, you may get a good deal, but if it drops significantly, you may pay more than you should.

Yes, it is. But there are some limitations. Several cryptocurrency payment processors allow you to pay your mortgage directly with crypto. These processors typically convert your crypto to fiat currency before sending it to your mortgage lender.

The fees can range anywhere from 5% to 15 % or even higher in some cases. To calculate the fee for a $1000 transaction, let's assume a fee of 10%. In this case, the fee would be $1000 * 10% = $100. Therefore, if the Bitcoin ATM has a 10% fee, you would receive $900 worth of Bitcoin for a $1000 cash transaction.

How much does Bitcoin ATM charge per $500? ›

Understanding Fees at Bitcoin ATMs: What Your $500 Can Get You. When you use a Bitcoin ATM to convert $500 into Bitcoin, the amount you receive in BTC will vary depending on the operator's fee rate: With a 10% fee, you would receive the equivalent of $450 in Bitcoin, after subtracting the fee from your $500.

FAQs about BitPay Merchants that accept Bitcoin. Thousands of companies and stores accept cryptocurrency payments at checkout. Notable companies include Newegg.com, PacSun, JomaShop, Microsoft, and Dish TV. Don't worry if your favorite retailer or store doesn't accept crypto yet.

To prioritize security, storing the majority of funds in cold storage on a hardware wallet would be the best option. A small balance could still be held in a hot wallet for making transactions quickly and easily. Managing multiple wallets for different purposes is a popular choice for seasoned crypto users and whale.

Yes, it is. But there are some limitations. Several cryptocurrency payment processors allow you to pay your mortgage directly with crypto. These processors typically convert your crypto to fiat currency before sending it to your mortgage lender.

Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K. In several countries, including China and Saudi Arabia, it is illegal to use Bitcoin.