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Do you want to buy Bitcoin in Chicago, ILYou’ve come to the right page!


Chicago is located at 41.8781° N 87.6298° W and has an estimated population of roughly 2 705 994 citizens. The city is known for the simple steps to buy Bitcoin.


Here you’ll find one of the most popular ways to secure Bitcoin in Chicago.


Most Popular Ways To Buy Bitcoin In Chicago

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In New York City you can find around 499 Bitcoin ATM’s available. See the locations for them at Coin ATM Radar.

Unsure about how to account for your capital gains taxes on your Bitcoin purchase? Don’t worry, we’ve got you covered.

Capital gains are taxes that are levied by the government ONLY IF you make a profit when you SELL your Bitcoin (you don’t pay any capital gains taxens when you BUY Bitcoin).

You also need to know that there are 2 types of capital gains tax, depending on how long you’ve held your Bitcoins, namely:

  1. Short Term: If you’ve held your Bitcoin for less than 12 months, its classified as “Short Term Capital Gains”. Let’s say you bought Bitcoin for \$1,000 and sold it for \$1,500 3 months later. This $500 of profit will then be taxed at the same % rate as the rest of your ordinary income (at both the State and Federal Level). For 2023 ordinary income tax rates see here.
  2. Long Term: If you’ve held your Bitcoin for more than 12 months, it’s classified as “Long Term Capital Gains”. Let’s say you bought Bitcoin for $1,000 and solt it for $1,500 17 months later. This $500 of profit will then be taxed at the Federal Level at either 0%, 15% or 20% depending on your income. At the State Level, the long term capital gains tax vary substantially (see here for a full list).
So, to answer your inital question, in Chicago, we can confirm that the capital gains tax is 4.95%.

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How To Buy Bitcoin In Chicago

If you are looking to buy Bitcoin in Chicago quick, there are a few steps you should take to get started. The following instructions will walk you through the steps to take to buying Bitcoin from the

Following these steps will ensure that you can purchase Bitcoin quickly and safely.Follow our easy instructions to buy your Bitcoin privately and without any problems:

  1. Open an account on the’s page: To buy Bitcoin on you will need to create a verified user account. Visit to their registration link. Fill in the obligatory information and choose a private password to finish the account setup process.
  2. Verify your ID: In order to comply with anti-money laundering (AML) laws, you have to proof your identity before buying Bitcoin. To start, click on the link that are sent to your phone by message. You will need to upload a valid driver’s license or passport and photo ID.
  3. Select how much Bitcoin you want to buy: Once your identity has been green marked, you can select how much Bitcoin you want to obtain. Enter the amount in USD on the’s homepage and click “Buy Now”.
  4. Complete the purchase: On the checkout page, you can review all of the details of your purchase. If everything looks like it should, click “buy now” and you will receive an email confirming the transaction. Your Bitcoin will be visible to your wallet almost immediately.

Congratulations, you have now purchased your Bitcoin in Chicago!

Now that you know how to buy Bitcoin in Chicago without any issues, you can start using Bitcoin confidently.

About River Bitcoin


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Convenience, Trust, Regulatory Clarity


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Buy Bitcoin In Other American Cities

Are you looking to buy Bitcoin outside of Chicago? Check this out!

Right underneath, you will find multiple cities in  America where you can buy Bitcoin. Whether you intend to buy and sell or store your coins, you can be sure that you will have a lot of options. With this list, you will always be able to find the perfect place to purchase, store and utilize your Bitcoin.

Tax Regulation For Buying Bitcoin

People who are interested in buying Bitcoin in Chicago should get to know the different tax laws that apply.

According to the Internal Revenue Service (IRS), all capital gains from purchasing and exchanging Bitcoins are taxable. Residents of Chicago should do the math for their capital gains accurately as taxes will need to be paid on the financial gains made from Bitcoin trading.

Additionally, it is important to look up local and state laws to not risk that all taxes and other legal requirements are met.