Bitcoin in Florida: what to know
Florida limits crypto ATM (kiosk) purchases: $2,000/day new customers (first 7 days); $10,000/day existing (from Jan 1, 2027). No state personal income tax, so crypto gains are not taxed by the state; federal tax still applies.
Bitcoin has one price in US dollars across the country: the price on this page is the same as on the bitcoin price in the United States page, where federal tax rules are covered in full. What differs in Florida is state law and tax, explained below.
Crypto ATMs in Florida
CS/HB 505 (ch. 2026-178, approved June 26, 2026) takes effect mostly January 1, 2027, and kiosk businesses must register with the Office of Financial Regulation by March 1, 2027. Operators must refund transactions made in a customer's first 72 hours if fraud is reported to the operator and to law enforcement within 60 days, with proof such as a police report. Scammers often tell victims to pay through crypto ATMs: no government agency, bank or utility asks for payment in bitcoin.
Buying bitcoin in Florida
Exchanges and other crypto businesses serving Florida residents generally need a state money-transmitter license. Buying bitcoin carries no sales tax; you pay the exchange's spread and fees.
Tax on bitcoin in Florida
No state personal income tax, so crypto gains are not taxed by the state; federal tax still applies. Federally, the IRS treats bitcoin as property: selling, trading or spending it is a taxable event, with short-term gains (held a year or less) taxed as ordinary income and long-term gains at 0%, 15% or 20%; bitcoin received as pay or from mining is income. Exchanges and other custodial brokers report sales on Form 1099-DA: gross proceeds for sales from 1 January 2025, and cost basis for many sales from 1 January 2026. Every Form 1040 asks whether you received or disposed of a digital asset.
State bitcoin reserve
Reserve bills HB 487 and SB 550 were withdrawn in 2025, and SB 1038 and HB 1039 died in committee in March 2026.
Legal and tax information last reviewed October 2026. Crypto rules change quickly — check with the regulator or tax authority, or a qualified adviser, before acting. This is not tax, legal or investment advice.