San Francisco coordinations is 37.7749° N 122.4194° W and has an estimated population of about 884 363 citizens. The city is known for the easy ways to purchase Bitcoin.
Here you’ll find one of the most popular ways to buying Bitcoin in San Francisco.
Most Popular Ways To Buy Bitcoin In San Francisco
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 San Francisco
If you are planning to buy Bitcoin in San Francisco quick, there are a few steps you have to take to get started. The following instructions 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 easy instructions to get your Bitcoin privately and without any problems:
- Register an account on the River.com’s website: To buy Bitcoin on River.com you have to to open a verified user account. Go to to their registration link. Enter the essential information and choose a strong password to complete the account setup process.
- Verify your identity: In order to comply with anti-money laundering (AML) laws, you will need to verify your identity before buying Bitcoin. To start, 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 buy: As soon as your id has been verified, you can select how much 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 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 got your Bitcoin in San Francisco!
Now that you are an expert in buying Bitcoin in San Francisco fast, you can start using Bitcoin confidently.
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 list of other cities in the U.S where you can obtain 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 options. With this list, you will always be able to find the best place to buy, store and utilize your Bitcoin.
Tax Regulation For Buying Bitcoin
According to the Internal Revenue Service (IRS), all capital gains from buying and trading Bitcoins are taxable. People who live in San Francisco should do the math for their capital gains precise as taxes have to to be paid on the profits made from Bitcoin exchanging.
Additionally, it is important to understand the local and state laws to ensure that all taxes and other legal requirements are met.