Columbus is located at 39.9848° N 82.9850° W and has an estimated population of about 879 170 people. The city offers a variety of simple steps to purchase Bitcoin.
Here you’ll find one of the most popular ways to buying Bitcoin in Columbus.
Most Popular Ways To Buy Bitcoin In Columbus
Fastest
Buy your first Bitcoin in minutes!
Safest
Sign up for a seamless experience!
Large Volumes
Trusted counterparties
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:
- 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.
- 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).
Table of Contents
How To Buy Bitcoin In Columbus
If you are planning to buy Bitcoin in Columbus fast, there are several steps you can take to get started. This guide will show you the steps to take to buying Bitcoin from the River.com.
Following these steps will ensure that you can purchase Bitcoin quickly and safely.Follow our simple steps to get your Bitcoin privately and without any problems:
- Register an account on the River.com’s page: To buy Bitcoin on River.com you have to to register a verified account for buyers. Visit to their registration link. Enter the necessary information and create a private password to finish the account setup process.
- Verify your ID: In order to comply with anti-money laundering (AML) laws, you will need to proof your identity to start obtaining Bitcoin. To do this, click on the link that are sent to you by SMS. You have to upload a valid driver’s license or passport and photo ID.
- Select the amount of Bitcoin you want to obtain: As soon as your id has been green marked, you can select the amount of Bitcoin you want to get. Enter the amount in USD on the River.com’s homepage and click “Buy Now”.
- Complete the purchase: On the checkout page, you will be able to review all of the details of your purchase. If everything looks correct, click “buy now” and you will receive an email confirming your purchase. Your Bitcoin will be added to your wallet after a short while.
Congratulations, you have now got your Bitcoin in Columbus!
Now that you are an expert in buying Bitcoin in Columbus fast, you can start using Bitcoin directly.
About River Bitcoin
Description:
[mpg_spintax project_id=”3″ block_id=”446″]River.com is a {full service|all-in-one} Bitcoin {app|application} that allows everyone from newbies to {high net worth individuals|serious investors} the {ability|opportunity} to {custody|hold|take care of} their Bitcoin with a {regulated|licensed|legal} custody {provider|service}.[/mpg_spintax]
[mpg_spintax project_id=”3″ block_id=”939″]{Benefits|Pros}:
Convenience, Trust, Regulatory Clarity
{Drawbacks|Cons}:
Lacks {Bitcoin lending|lending of Bitcoin}
{Trust Score|Score}:
9/10
{HQ|Headquarter}:
USA[/mpg_spintax]
Buy Bitcoin In Other American Cities
Below, you will find a whole list of cities in the U.S where you can get Bitcoin. No matter if you intend to buy and sell or keep your coins safe, you can be sure that you will have plenty of alternatives. With this list, you will always be able to find the perfect place to buy, store and use your Bitcoin.
Tax Regulation For Buying Bitcoin
According to the Internal Revenue Service (IRS), all capital gains from purchasing and exchanging Bitcoins are taxable. Residents of Columbus should calculate their capital gains correct as taxes have to to be paid on the financial gains made from Bitcoin trading.
It’s also very important to understand the local and state laws to ensure that all taxes and other legal requirements are met.