Bitcoin in Michigan: what to know
Michigan has no statewide crypto ATM limits; operators set their own. Crypto gains are taxed under Michigan's flat income tax. The state does not accept crypto for tax payments.
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 Michigan is state law and tax, explained below.
Crypto ATMs in Michigan
Michigan has no kiosk-specific law. HB 5469 and HB 5470, introduced in January 2026, would regulate kiosks under the Money Transmission Services Act; both were still in committee. Scammers often tell victims to pay through crypto ATMs: no government agency, bank or utility asks for payment in bitcoin.
Buying bitcoin in Michigan
Exchanges and other crypto businesses serving Michigan 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 Michigan
Crypto gains are taxed under Michigan's flat income tax. The state does not accept crypto for tax payments. 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
A Strategic Bitcoin Reserve bill (HB 4087, 2025) was not enacted.
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.