How to Buy Cryptocurrency in Idaho in 2025 – The Ultimate Beginners Guide

What are the best places to buy cryptocurrency in Idaho? Idaho has adopted a progressive stance when it comes to cryptos and the blockchain technology. It has taken a proactive approach to regulating and overseeing crypto exchanges than most other US states. Today, Idaho is home to all the regulated crypto trading platforms.

In this guide, we will be reviewing the best places to buy cryptocurrency in Idaho and helping you identify the best crypto exchange for you. We will also discuss the crypto laws passed in Idaho, address crypto taxation, and show you how to invest in cryptos in the Gem State.

How to Buy Cryptocurrency in Idaho – An Easy 4-Step Guide

Here is a brief overview of the crypto buying process on the multi-regulated eToro brokerage. The crypto trading platform is of solid repute and even has a money transmitter license from the Idaho Department of Finance. Plus, you only need $10 to start buying Bitcoin on eToro.

• Step 1: Create a trader account: To create a free crypto trader account on eToro, hit the “Join Now” button on the official eToro.US website. Complete the registration form and come up with a unique account username and password.
• Step 2: Fund this account: The minimum deposit and trading limit on eToro.US is $10. You can deposit the funds into the account using eWallets like PayPal, bank deposit, ACH transfers, credit cards, or debit cards.
• Step 3: Identify the best crypto to buy: eToro exposes you to 20+ of the best cryptos to buy in the US today. Find a crypto that aligns with your investing goals and hit the “BUY” option.
• Step 4: Buy crypto: Use the trading tab that appears here to customize your investment. Indicate how much you intend to invest in your preferred crypto and hit the “Open Trade” button to execute.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

Later on in this guide, we will provide you with a more detailed crypto-buying process on eToro. We will also share tips and tricks that successful crypto investors and traders have used to speed up the rate with which they grow their portfolios. But before that, though, let us talk about the most popular cryptos in the state and review top altcoin exchanges.

Most Popular Cryptos to Buy in Idaho

Bitcoin is by far the most popular digital asset in the Northwestern US state. It is easily accessible as it is listed with virtually all the crypto trading platforms in the state. It has also been listed by all the popular cryptos in the state. Its adoption as a medium of exchanges in businesses and individuals has also been on the rise.

Though Ethereum isn’t as popular as Bitcoin in Idaho, its adoption and use in the Gem state has also been on a steady rise. It is mostly used by individuals and businesses that are looking for faster transaction speeds and lower fees. The fact that it is considered sustainable buy grossly undervalued by most analysts has also increased its popularity among long term investors.

Other equally popular digital assets in Idaho include:

• Ripple (XRP)
• Shiba Inu (SHIB)
• NotCoin (NOT)
• Solana (SOL)
• Pepe (PEPE)
• Bitcoin Cash (BCH)
• Dogecoin (DOGE)
• Tether USD (USDT)
• Tron (TRX)

Where to Buy Cryptocurrency in Idaho

Idaho is home to all the best crypto exchanges, brokerages, OTC platforms, and even Bitcoin ATMs. Our analysts vetted tens of these and compared their core features. They ultimately concluded that the best crypto exchange is user friendly, of solid reputation, regulated, safe, and cost friendly.

After vetting all the top exchanges, we settled on the following as the best crypt trading platforms in Idaho. These appeal to all classes of investors and integrate numerous other important features.

1. eToro – The Overall Best Crypto Exchange in Idaho

eToro is one of the few crypto brokerages that have applied for a money transmitter license in Idaho. Nationally, eToro is regulated by the SEC and is a member of FINRA. But eToro is more than just a popular regulated exchange. It also has a solid reputation for reliability as evidenced by its industry -leading site uptime and fast transaction processing speeds.

The crypto brokerage has offered digital asset trading services in Idaho for more than 6 years. Over this time, it has consistently expanded its list of supported digital assets and currently exposes you to 20+ of the best cryptos to buy for beginners. It has also oversimplified the crypto buying process. For starters, it has a quick client onboardng process. More importantly, you get to buy cryptos in under five minutes.

Among the core features that help eToro stand out is its free demo account and social investing. The two help draw in both novice and expert traders. Newbies use the demo account to learn how to interact with the platform and learn how to trade. Experts, on the other hand, use the demo account to create and test new crypto trading and investing strategies.

There are two types of social investing on eToro. The first is the social platform that allows for seamless interactions between all the platform users. Here, you learn how to invest in cryptos from others and even collaborate in designing investing strategies.

The other is copy investing, which lets beginners copy the trade settings of successful traders. The successful traders will also receive a commission from eToro for allowing beginners to copy their trades.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

2. Robinhood – The Best Place to Buy Cryptocurrency in Idaho for Beginners

Three factors convinced our analysts that Robinhood is by far the most beginner-friendly exchange to buy cryptocurrency in Idaho. First was the fact that it is the only commission-free brokerage on this list. You do not pay a transaction fee when buying Bitcoin and other cryptos on Robinhood. This means you get to take home more cryptos than you would have received on another exchange. Plus, you start buying cryptos with $1.

Secondly, Robinhood is easy to use. It has a quick and straightforward account creation process. The crypto buying process is also straightforward, taking no more than 10 minutes. You also get to interact with a wide range of educational content that teaches you how to invest in crypto.

Lastly, Robinhood is the best crypto exchange for beginners because it is safe. It provides free and ultra-safe digital wallets that keep your coins secure. It also requires you to activate multi-factor authentication, which makes it harder for unauthorized parties to access your accounts. The safe hot wallets and security guarantee come in handy for newbies who have yet to acquire a hardware wallet.

Several other factors make Robinhood a great crypto trading platform overall. Let us start with the fact that it is a multi-asset brokerage that lets you invest in both cryptos and traditional assets. We also liked that it has a lucrative passive investing program. Plus, its web3 wallet exposes you to a wide range of DeFi and Web3 programs.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

3. Kraken – The Best Crypto Exchange for High-Volume Traders in Idaho

Kraken is a top five crypto exchange in the US and one of the ten most liquid platforms in the world. We would also want to observe that though it features several beginner-friendly tools, it mainly appeals to expert traders. It has even come up with two crypto trading platforms that cater to this class of investors.

First is the Kraken OTC platform, also known as the Dark Pool. This makes it possible for both retail and institutional investors to place high volume buy and sell orders pseudonymously. They also get to enjoy more competitive transaction fees. The second is the Kraken PRO mobile app. This exposes traders to more crypto pairs and also charges competitive fees.

Other Kraken features that help the exchange appeal to expert traders include its fast transaction processing speeds. The trading fees are also volume-based and range between 0% and 0.40%. It has also been hailed because it supports hundreds of the most popular digital assets. Here, you get to interact with not just the most volatile cryptos but also the best DeFi coins to buy.

Newbies can also invest in Bitcoin and some of the best long-term cryptos to buy via Kraken. However, you need to understand that Kraken maintains relatively higher crypto trading fees. When buying cryptos instantly with cards, for example, you may be charged up to 3.75% of the trading volume. They may also find the Kraken trading interface a tad intimidating.

Other factors that help Kraken stand out among the best crypto exchanges in Idaho include the fact that you can buy NFTs gas-free on the platform. You may also It is also a safe exchange that has never been hacked. It even promises to hold 95% of your private keys offline.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

4. Coinbase – Popular Exchange with the Best Crypto Trading Mobile App

Coinbase is one of the best trading platforms to buy cryptocurrency in Idaho. Its deep liquidity and appeal to both beginner and expert traders have already earned the title of the best exchange in the US. We, however, feature it here primarily because of its innovative and highly intuitive crypto trading mobile app.

The exchange provides users with a trading app for Android and iOS smartphone versions. Both apps are feature-rich and integrate all the tools and resources hosted on the Coinbase web trader. These include educational tools and the one-click buy tool that draws in beginners. You may also stake top cryptos via the Coinbase crypto trading app and earn lucrative rewards.

The exchange has also launched the Coinbase PRO app for active traders. According to the exchange, the app is built with ease of use, speed, and streamlined crypto trading in mind. This features more crypto trading pairs and charges more competitive fees. It also integrates 100+ advanced trading, research, technical indicators, and risk-management tools as well as real-time order books.

In addition to trading and staking, the Coinbase trading app exposes you to an expansive Web3 platform. Here, you get to interact with all the best dApps and DeFi tools. You also get to collect NFTs, join different DAOs, earn lucrative yields passively with DeFi programs, and learn everything about Web3.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

5. BitStamp – The Best Crypto Exchange for Active Trading in Idaho

Like Kraken, BitStamp started in 2011, making it an equally old and highly reputable crypto exchange. It, too, wasn’t designed with newbie investors in mind. On the contrary, it exposes its platform users to a feature-rich trading platform and more than 100 digital assets. The intuitive trading interface and competitive fees help it appeal to seasoned investors and active traders.

Among the features that make BitStamp the best for expert traders is its ingenious BitStamp PRO app. This gives traders access to 100+ trading and research tools. These include customizable charts, real-time order books, multiple order types, and advanced risk-management tools. You will also have access to crypto news and analyst opinions.

Several other factors help BitStamp feature on our list of the best crypto exchanges in Idaho. For starters, BitStamp has recovered from the 2015 hack and is now considered one of the safest exchanges around. It also boasts of maintaining an industry-leading uptime. You also get to learn everything about blockchain technology, Web3, and cryptos on the BitStamp Learn Center.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

6. Uphold – Create a Diversified Portfolio with Crypto and Non-Crypto Assets on Uphold

Uphold has been offering secure crypto storage services for more than a decade. It was initially referred to as Bitreserve before morphing to Uphold – a multi-asset trading platform. But even after the transition, Uphold maintained its commitment to the safety of client assets. It, for example, has never been hacked and has published the proof of reserves that shows that client assets are backed 1-for-1.

However, we feature Uphold here primarily because it is one of the best places to invest in a diversified portfolio. This is made possible by the fact that Uphold exposes you to 260+ virtual currencies. This implies that you get to have both the most undervalued cryptos as well as the most sustainable coins in your portfolio. In addition to crypto, it also exposes you to equities, commodities, and forex.

Uphold is also one of the best places to buy cryptocurrency in Idaho because of its unique approach to crypto buying. It makes it possible for you to exchange any asset supported here with another supported asset. This implies that in addition to buying Bitcoin with fiat, you can also exchange Ethereum for gold.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

Is Crypto Investing Legal in Idaho?

Yes, it is legal to buy and sell cryptos in Idaho today. In fact, Idaho presents itself as one of the most progressive states when it comes to crypto regulation. It is also one of the few jurisdictions that have come up with clear state-based crypto laws. This was after the passage of the Idaho Digital Assets Act of 2021, which lays clear guidelines on the treatment of cryptos and crypto exchanges.

It starts by defining a digital asset as an intangible personal property, which implies that existing property laws apply to such an asset. Crypto exchanges and trading platforms are, on the other hand, required to apply for a money transmitter license. The license is issued by the Idaho Department of Finance, which also oversights their operations.

We must observe that, unlike most states, Idaho has provided conditions that an exchange needs to fulfill to be exempt from the money transmitter license. For starters, a business is exempt if “all exchange margin trading and/or lending is strictly limited to digital assets.” Further, it must “not permit trading in, or allow deposits of, fiat currency.”

Crypto Taxes in Idaho

Gains from any crypto related investment or activity are subject to two types of taxes. First, they are subject to federal tax as stipulated by the IRS. Secondly, Idaho also treats these gains as income and subjects it to the state income tax at a flat rate of 5.695%.

Practical Tips for Buying Bitcoin and Top Cryptos in Idaho

In this section, we share tips and tricks that help make your crypto investing journey worthwhile. These include:

• Use dollar cost averaging: DCA is one of the most popular long term investing strategy. It involves committing small amounts to investing at regular intervals. Its efficacy has been proved by both traditional finance and digital asset investors. You don’t need to be a master research or analyst to start practicing DCA.
• Master risk management: Successful investing starts with proper risk management. This involves integrating such risk-management tools and techniques as stop loss, take profit, tax loss harvesting, and diversification. Integrate these into your investment journey and master when to use them.
• Research coins and master fundamentals: Conduct thorough research on every crypto before adding it to your portfolio. Consult data aggregation platforms to gather as much fundamental information about the asset as possible. Learn about its underlying blockchain technology, its use cases, tokenomics, and sustainability.
• Maintain a healthy portfolio: To maintain a healthy crypto portfolio, you need to keep rebalancing it. Only keep profitable coins in your portfolio and boot underperforming assets. A healthy portfolio should also be balanced and diversified, effectively helping you minimize risk exposure in one crypto or industry.
• Leverage market trends: First off, understand that there is a difference between leveraging the ever-changing market trends with FOMO. Follow crypto industry news to understand emerging crypto trends and invest in promising coins in this niche. You also need to keep tabs with the news to understand when the trend is fading, which means the time to exit these markets.

How to Buy Cryptocurrency in Idaho Walkthrough

In this section, we detail the crypto buying process on eToro, which we briefly outlined at the start of this post. Here’s the step-by-step guide on how to buy cryptocurrency in Idaho for beginners on eToro.

Step 1: Open an Account

Start by opening the official eToro.US website. Alternatively, download the eToro mobile app. Click the “Join Now” button on either platform and complete the registration form that appears here. It will ask for such basic personal information as your name, phone number, and address. You also need to come up with a username and password for that account.

Step 2: Verify your identity

Complete the registration process by verifying our identity. Simply send a clear copy of your passport or driver’s license to the eToro support team. You will be notified of account approval via email within 24 hours.

Step 3: Deposit Funds

You can only start buying cryptos on eToro after you have funded this account with at least $10. Click on the “Deposit Funds” on your user dashboard to bring up the funding tab. Select one of the payment methods and follow the prompts to make a deposit.

Step 4: Identify the Best Crypto to Buy

Click on the “Discover” icon on your user dashboard. This will bring up the list of all cryptos supported on eToro. Click on “Cryptos” to bring up a list of all the supported digital assets. Identify the crypto to invest in and click on the “BUY” option.

Step 5: Buy Crypto

A trading tab will pop up. Use it to customize this investment by indicating how much you intend to invest in digital currencies. To execute the trade, click on the “Open Trade” button.

Note: The private keys for the digital coins you just purchased will be deposited into the eToro provided web wallet. You can transfer these coins to a third party wallet or exchange by first moving them to the eToro Money wallet app.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

How to Sell Cryptos in Idaho

The process of selling cryptos on eToro is also quick and straightforward. Below, we teach you how to dispose of cryptos purchased on eToro.

• Step 1: Start by logging back into your eToro trading account.
• Step 2: Hit the “Portfolio” icon on your user dashboard. This will bring up your crypto portfolio window on the website.
• Step 3: From the list of cryptos you have invested in, identify the crypto you wish to sell and click on the “CLOSE” option against this asset.
• Step 4: Indicate whether you wish to close the entire position or sell a portion of this asset. Click on the “Close Trade” button to execute this sale.

Note: The cash equivalent of the cryptos you just purchased will be deposited into your cash account. You have the option of withdrawing the funds. Alternatively, use it to buy any of the best future cryptos listed on eToro.

Conclusion

Buying cryptos in Idaho has never been complicated as the lets you access the best digital asset trading platforms. However, becoming a successful crypto investor is a skill that you need to nurture over time. It involves learning how to pick out the best cryptos, leveraging market trends, and proper risk-management. It will also be highly guided by your choice of investing strategy.

Do you want to jump straight to buy cryptocurrency in Idaho on eToro right now? Follow the step-by-step guide to crypto investing that we have outlined hereinabove.

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

More States Buying guides on Crypto2Community

• How to Buy Cryptocurrency in New Jersey
• How to Buy Cryptocurrency in Nevada
• How to Buy Cryptocurrency in Maryland
• How to Buy Cryptocurrency in Illinois
• How to Buy Cryptocurrency in Hawaii
• How to Buy Cryptocurrency in Georgia
• How to Buy Cryptocurrency in California
• How to Buy Cryptocurrency in North Carolina
• How to Buy Cryptocurrency in Colorado
• How to Buy Cryptocurrency in New York
• How to Buy Cryptocurrency in Washington
• How to Buy Cryptocurrency in Connecticut
• How to Buy Cryptocurrency in Delaware
• How to Buy Cryptocurrency in Indiana
• How to Buy Cryptocurrency in Kansas
• How to Buy Cryptocurrency in Iowa
• How to Buy Cryptocurrency in Louisiana
• How to Buy Cryptocurrency in Kentucky
• How to Buy Cryptocurrency in Arizona
• How to Buy Cryptocurrency in New Hampshire
• How to Buy Cryptocurrency in Pennsylvania

References:

1. https://legislature.idaho.gov/wp-content/uploads/sessioninfo/2022/legislation/H0583.pdf
2. https://www.finance.idaho.gov/legal/no-action-letters/opinion-no-action-requests/

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Author: Wajeeh Khan

Wajeeh Khan is a financial researcher and writer with 7 years of experience. He has immense exposure to a range of financial assets, including stock, cryptocurrencies and forex - and is particularly well-versed in asset valuation, analysis, and portfolio management. Since 2016, Khan has worked with notable online platforms within financial journalism, including Invezz, Trading-Education, Dog of Wall Street, and News Break. All in all, he has written, editted, and published over 7,000 articles, guides, and market insight. Online casinos started as a hobby for Khan in 2018. But in only two years, it had already become another niche that he started actively researching. Over the past three years, he has written a diversified set of content around gambling for clients from all over the world. Academically, Khan has a Bachelor's in Economics and a Master's degree in Finance. He's also completed a bunch of courses on digital journalism and financial markets at large.

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