Delaware joins the long list of states without clear crypto laws. But this hasn’t stopped the best crypto exchanges in the US from setting base here and onboarding the state residents. In this post, we will tell you where to buy cryptocurrency in Delaware. We will also discuss the state’s approach to crypto taxation and share to successful crypto investing.
Read on to learn where and how to buy cryptocurrencies in the Diamond State.
How to Buy Cryptocurrency in Delaware – An Easy 4-Step Guide
Here is a quick four-step guide to buying cryptocurrency in Delaware via eToro. The SEC-regulated crypto brokerage is beginner-friendly and safe. Here, you can buy Bitcoins and all the popular altcoins for as little as $10 in under five minutes.
- Step 1: Open a free trader account:: To create a free trading account, click on the ‘Join Now‘ button on either the official eToro.US website or mobile app. Complete the registration form that appears and verify your identity.
- Step 2: Deposit fund: You need to deposit at least $10 before you can start buying cryptos on eToro. The brokerage presents you with a wide range of deposit options. These include debit cards, credit cards, bank transfers, and eWallets like PayPal.
- Step 3: Choose a crypto to buy: From the tens of virtual currencies available on eToro, identify the best crypto for you.
- Step 4: Buy crypto: Open a buy order for this crypto by clicking the ‘BUY’ icon against that coin and customizing it using the tab that appears.
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 walk through of the crypto buying process on eToro. We will also review what our analysts consider the best crypto exchanges in Delaware today. First, though, we talk about the most popular cryptos in the state.
Most Popular Cryptos to Buy in Delaware
Unfortunately, there is no single definitive information source that one can use to pinpoint the absolute popular crypto in Delaware. However, there are different tranches of data that, when strung up together, give us a rough idea of the most sought-after coins in a particular region.
When researching this topic, our analysts considered local news sources and social media discussions. They also checked trade volumes on crypto exchanges and brokerages as well as coin acceptance by Delaware businesses. Bitcoin and Ethereum turned out to the most popular digital currencies in the state.
Other coins whose popularity has been gaining traction with the Delaware populace include:
- Ripple (XRP)
- Solana (SOL)
- Binance Coin (BNB)
- Shiba Inu (SHIB)
- Dogecoin (DOGE)
- Bitcoin Cash (BCH)
- Pepe (PEPE)
- Tether USD (USDT)
- USD Coin (USDC)
Where to Buy Cryptocurrency in Delaware
When searching for the best crypto trading platforms in Delaware, our analysts considered a number of factors. These include the platform’s ease of use, safety, reliability, customer friendliness, cost of trading, and regulation. Eventually, we settled on the following as the best places to buy cryptocurrency in Delaware.
1. eToro – The Overall Best Crypto Exchange in Delaware
eToro USA set up a base in Delaware in 2018. Today, you can buy and sell tens of the most searched digital currencies on the platform. It supports fractional crypto investing, allowing you to buy Bitcoin and any of these coins with as little as $10. You also have the option of buying these assets on the eToro web trader or its highly innovative mobile trading app.
The SEC-regulated and FINRA-member brokerage has a quick client onboarding process. It is also a pioneer in social investing and can be credited with popularizing copy trading. Its social investing platform lets you interact with other eToro users, share ideas, and collaborate in designing trading strategies. Copy trading, on the other hand, lets you copy the trade settings of the most profitable traders.
When buying cryptos on eToro, you will only pay a fixed transaction fee of 1% the trade volume. It, however, would be remiss of us not mention that moving cryptos from eToro attracts a 0.5% crypto transfer fee. Cash withdrawals are also charged $5 and the minimum draw amount set at $30.
The brokerage is safe and offers to keep the private keys for your cryptos secure in their offline vaults. For investors who prefer self-custody, eToro provides a free mobile wallet app – eToro Money.
Other factors that would make you want to use eToro include the fact that it is deeply liquid. It supports popular payment options and lets you buy cryptos instantly. You are also exposed to the subscription-based eToro Club. This gives you access to such premium services as callbacks and dedicated account management.
- Your cash holdings on eToro are insured by the FDIC – up to $250,000
- eToro is a multi-asset online brokerage
- Offers staking services in Delaware
- Integrates 75+ trading and analysis tools
- Transaction fees are comparatively high
- Only email and ticket support are available to non-eToro club members
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
2. Binance.US – The Best Crypto Exchange for Active Traders in Delaware
When active traders are looking for the best place to buy cryptocurrency in Delaware, they look for a combination of at least five things. First, the preferred exchange has to be deeply liquid. Binance.US is among the most the most liquid exchanges in the US. Secondly, they will only go for an exchange with competitive fees. The fees on Binance.US are volume-based and range between 0% and 0.57% with a 5% discount if paid with BNB coins.
Thirdly, they will try as much as possible to avoid unreliable exchanges. They will only register with exchanges with the highest transaction processing speeds. Binance.US matches this need by maintaining a high site uptime and fast crypto transection speeds. It also processes both crypto and fiat deposits and withdrawals fast.
Further, these traders will only register with exchanges that have a decent crypto library. Binance.US gives them access to tens of not just the most volatile coins but also the most traded digital assets.
Lastly, active traders are after an exchange with the best trading platform. In Binance.US, they have found a feature-rich platform with 100+ charting, drawing, and research tools, as well as technical indicators.
We would like to point out that Binance.US doesn’t just appeal to active traders. It also draws in beginner and long-term investors with passive investing programs like staking. Its deep liquidity, commitment to safety, easy-to-use OTC platform, and quality APIs have also helped it appeal to institutional investors.
But Binance.US is not without controversy. After a highly publicized legal battle with the SEC, its CEO was sent to a California prison for failing to implement adequate AML and KYC protocols.
- Start trading cryptos with as little as $1
- Binance.US is a safe exchange and provides users with free digital wallets
- Both the web and mobile trading apps are feature-rich
- Earn double-digit interest when you pay with BNB coins
- Doesn’t accept US Dollars
- No margin trading or crypto derivative trading
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
3. Robinhood – The Best Crypto Trading Platform for Beginner Investors
Like eToro, Robinhood is a multi-asset crypto brokerage. It too, is multi-regulated and has been hailed as the best exchange for beginners in US by investors and analysts alike. Among its most appealing features is the straightforward account opening process. It is the only fee-free crypto trading platform on this list. This implies that you won’t be charged a transaction fee when you buy Bitcoin on Robinhood.
The commission-free exchange ensures you take home more cryptos when you buy on Robinhood than you would when using another exchange. Take, for example, Coinbase, which charges up to 3.5% in fees when you buy cryptos instantly with credit cards or debit cards. Had you initiated a similar transaction on Robinhood, you would have taken home 3.5% more cryptos.
You would also want to buy all the hottest coins on Robinhood because it is a safe exchange. It is not only licensed by the SEC but is also publicly traded, having listed with NASDAQ in July 2021. Further, it provides its platform users with a free and safe mobile wallet app for iOS and Android. It also offers crypto custody services and promises to hold 98% of your private keys offline.
- You can buy cryptos and traditional assets like ETFs on Robinhood
- Robinhood lets you invest in a tax-advanced IRA account
- It is a commission-free brokerage
- You only need $2 to start buying coins
- Sluggish customer support
- Supports less than 20 cryptos
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
4. BitFlyer – The Best Crypto Exchange in Delaware for Low Fees
BitFlyer USA is the American crypto trading arm of BitFlyer Global that has its headquarters in Tokyo, Japan. It is one of the best places for beginners to buy cryptocurrency in Delaware because of its affordability. For starters, the exchange has a minimum trade limit of $1. The volume-based crypto trading fees on its Lighting trading platform then range between 0.03% and 0.1%
We also liked that BitFlyer is easy to use. Like most exchanges, it has a straightforward account creation process that takes five minutes. The crypto buying process, both instantly and on the lightning platform, is also simple. Plus, BitFlyer has one of the best crypto trading mobile apps.
You would also want to use BitFlyer USA because it has never been hacked. It also claims to hold 100% of your private keys offline. Not forgetting that it has added multiple security features around your trading account, including two factor authentication.
- BitFlyer is a regulated and licensed exchange
- It is easy to use
- You can automate recurrent buys on BitFlyer
- Margin trade cryptos on BitFlyer’s Lightening platform
- Mobile app suffers bouts of sluggish performance
- Limited number of cryptos supported
5. Coinbase – Buy Cryptos on the Most Liquid Crypto Exchange in the US
Coinbase is the most liquid crypto exchange in the US. It also holds more Bitcoins than any other crypto trading platform in the country. Internationally, it is the second most liquid exchange and ranks high among institutions that hold the most Bitcoins. Such liquidity makes it the best place for all classes of investors to buy Bitcoins and other cryptos in Delaware.
The exchange also has one of the best crypto trading platforms. This is evidenced by its high site uptime and fast transaction speeds that appeal to active traders. The fact that it also supports one-click crypto purchases and is easily navigable also makes it beginner-friendly.
We must also mention that Coinbase has helped multiple institutions buy and sell cryptos. It, for example, has on multiple occasions been used by the US government when it sought to sell cryptos – mostly Bitcoins – in its possession.
To buy cryptos on Coinbase while in Delaware, you only need to deposit $2 in your Coinbase account. This deposit may be made using eWallets like PayPal, credit cards, debit cards, and even bank transfers. Understand, however, that Coinbase maintains a rather complex fee structure. You, for example, pay as much as 4.5% when you buy cryptos instantly on the platform.
The fees for limit orders, on the other hand, are volume-based and range between 0% and 0.6%. Coinbase PRO users stand to benefit from more competitive trading fees. They also get to interact with more sophisticated trading and analysis tools as well as more crypto trading pairs.
- Safe exchange with free web and mobile app wallets
- Multi-platform with crypto trading app, web trader, and Coinbase PRO app
- Integrates many security features, including 2FA
- Trade crypto derivatives on Coinbase Advanced
- Criticized for slow response time and limited communication channels
- Criticized for lack of transparency in asset pricing and trade execution
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
6. Kraken – Buy Cryptos on the Most Transparent crypto exchange in Delaware
Kraken has been around since 2011, making it the oldest crypto exchange on this list. Throughout this period, it has cultivated a reputation for safety and transparency. It, for example, was the first major exchange to publicize its audited proof of reserves report. The report proves to its platform users that client assets on Kraken are backed 1-for-1 by the US Dollar.
Kraken is also transparent with the cost of trading on its platform. It, for example, imposes a $10 deposit charge atop the processing fee charged by your payment processor. It doesn’t charge for crypto deposits while withdrawal fees vary depending on the coin. Limit crypto trading fees on the exchange are volume-based and ranges between 0% and 0.4%.
The exchange has no account minimum limits, but you need at least $10 to start trading. You also have the option of buying cryptos instantly, trading on the Kraken web trader, or using the Kraken PRO trading platform. On either of these platforms, you will have access to 200+ of the best cryptos to buy in the US. Kraken is also a multi-asset platform allowing you to buy NFT assets gas-free.
Note that, like all the popular exchanges in the US, including Coinbase and Binance.US, Kraken has recently bashed heads with the SEC. It was accused listing coins that the SEC considers securities. Though it settled with the regulator, it had to stop offering passive investing and derivative trading services. This explains why it doesn’t support crypto-staking services.
- Interact with advanced trading features on Kraken PRO
- Beginners are exposed to high-quality educational guides and resources
- Accepts multiple deposit methods
- Kraken has never been hacked
- Charges high deposit fees
- No staking or derivative trading
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 Delaware?
Delaware sits on the fence when it comes to crypto regulation. Though it is normally considered a crypto friendly state, it is yet to pass any state level crypto-specific laws. This means that crypto exchanges and brokerages in the state operate within a legal grey area. We also couldn’t find any crypto-focused guidance or opinions paper from the office of the State Bank Commissioner.
In the absence of a crypto-focused regulatory framework, crypto operations here are guided by the money transmitter laws. This implies that individuals and entities wishing to operate crypto exchanges in the state have to acquire a money transmitter license. Among the top exchanges that have already received this license are Coinbase, Binance.US, and Gemini.
Crypto Taxes in Delaware
The State of Delaware doesn’t have a crypto taxation policy. Like most states across the country, it follows the federal guidelines laid out by the IRS. This implies that crypto in Delaware is classified as property. Profits derived from investing in crypto are, therefore, subject to capital gains. Other crypto incomes are also subject to a state income tax of between 2.20% and 6.60%.
Practical Tips for Buying Bitcoin and Top Cryptos in Delaware
There is more to buying Bitcoin and other cryptos than just finding the best crypto exchange. To be a successful investor, you need to learn how to research the markets, identify the best altcoin to buy, and when to buy. And you can lean on crypto data aggregation tools when carrying out this research.
Other successful investor tips you need to incorporate into your trading include:
Diversify your portfolio
To increase the pace at which you grow your portfolio, diversify your crypto holdings. Don’t just hold such safety havens as Bitcoin and Ethereum. Consider adding moderate-to-high risk and highly lucrative assets like memecoins, DeFi coins, or AI coins.
Settle on a profitable strategy
Your choice of trading/investing strategy plays a critical role in determining your success. We encourage inexperienced long-term investors to consider DCA. This can be complemented with staking and crypto lending. Experienced traders will, on the other hand, make more money day trading.
Always invest early
Be on the lookout for upcoming or new and highly promising cryptos. These are the next cryptos to 100x. By adding them to your portfolio before they explode, you expose your capital to unimaginable gains.
Keep rebalancing your portfolio
The crypto industry is highly dynamic. Different cycles create hype for different coins that drive massive gains for your portfolio. You, however, need to learn the industry, learn when to add coins to your portfolio, and when to boot them off your portfolio. The 2021 market cycle, for example, drove massive gains for memecoins and NFTs. But these coins also turned out to be the biggest losers of the 2022-2023 market crash.
Know which markets to avoid
Avoid overhyped crypto markets with slim or no sustainable future and markets and cryptos with no organic following or real-world use cases. Avoid overhyped coins, especially when they are promoted by influencers or platforms of questionable repute.
How to Buy Cryptocurrency in Delaware Walkthrough
We started this article by providing you with a quick guide to buying Bitcoin and other cryptos on eToro. In this section, we will go over the crypto-buying process in detail and teach you how to buy your first coin on the all-popular brokerage.
Step 1: Open an Account
On your browser, open the official eToro.US website. Alternatively, download and install the eToro mobile trading app. Hit the ‘Join Now‘ icon on either platform and complete the registration form that pops up here. It will ask for basic personal information like your name, address, phone number, and trading experience. In line with AML protocols, eToro will also ask about your income source and disposable income.
Step 2: Verify your identity
The client onboarding process on eToro is only considered complete after you have verified your identity. This involves emailing the eToro team a clear photo of your state ID, driver’s license, or passport.
Step 3: Deposit Funds
Log in to the approved trader account and hit ‘Deposit Funds’ icon on the user dashboard. This brings up the funding tab that indicates all the payment methods available to you. Pick your favorite pay processor and follow the prompts to deposit at least $10.
Step 4: Choose a Cryptocurrency to Buy
Once the deposit is reflected in your account, hit the ‘Discover’ icon to bring up all the financial assets supported on eToro. Click on ‘Cryptos’ to bring up a list of all the virtual currencies supported on the brokerage. Select the ‘BUY’ option against the crypto you want to buy.
Step 5: Buy Cryptocurrency
A trading tab will pop up. Use it to customize this investment by indicating how much you want to invest in this crypto. Then hit the ‘Open Trade’ button to execute this transaction.
Note: eToro will deposit the private keys for the coins you just purchased in their brokerage-provided web wallet. To transfer them to a third-party exchange or wallet, you first need to move them to the eToro Money wallet app. Understand that this transaction attracts a 0.5% transfer fee, and you cannot move the coins back to eToro as it doesn’t support crypto deposits.
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 Delaware
The process of selling cryptos on eToro is equally straightforward.
- Step 1: Start by logging back into your crypto trader account.
- Step 2: Hit the ‘Portfolio’ tab on your user dashboard. This brings up your eToro, indicating all the virtual currencies you have purchased on the platform.
- Step 3: Identify the digital asset you wish to sell. Hit the ‘Close’ icon against the coin to bring up the trading tab.
- Step 4: Use the tab to customize the investment by indicating the amount of the asset you wish to sell. Hit the ‘Close Trade’ button to execute the transaction.
Note: eToro instantly deposits the cash equivalent of the crypto you just sold into your cash account. You have the option of buying the best future cryptos on eToro or simply withdrawing the cash. The minimum withdrawal limit is $30, and each transaction attracts a $5 fee.
Conclusion
There goes everything you need to know about buying cryptocurrencies in Delaware. We have noted that the lack of clear legal framework to govern this new industry hasn’t prevented exchanges from setting base here. We have also established that the majority of these have low trade minimums, are easy to use, and give you access to all the best cryptos to buy in the US.
Are you a Delaware resident and want to start buying cryptos right now? Follow the step-by-step guide to crypto investing that we have outlined above.
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 Idaho
- 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:
- https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit
- https://www.sec.gov/newsroom/press-releases/2023-101
- https://cointelegraph.com/news/coinbase-holds-5-percent-of-bitcoin-data
- https://cointelegraph.com/news/u-s-government-sends-3-940-bitcoin-coinbase-exchange
FAQs
Where to buy in Delaware in 2025?
Delaware is home to all the best crypto exchanges in the US. We nevertheless would recommend buying cryptos on eToro because it is user friendly, safe, and gives you access to all the popular digital assets.
How do I buy cryptos in Delaware today?
It is simple. Start by identifying a reputable crypto exchange and creating a user account with them. Deposit funds, identify the best crypto to buy, and hit the buy option.
Is it too late to start buying cryptos in Delaware?
No, it is not too late to start buying virtual currencies in Delaware. The crypto industry is still nascent and most cryptos are grossly undervalued. Bitcoin is, for example, expected to break above $1 Million by 2030, which exposes current investments to 10x gains.
Can I buy cryptos legally in Delaware?
Yes, buying cryptos in Delaware is legal. The lack of crypto-specific legislation in the state doesn't make crypto investing illegal. On the contrary, the state's readiness to issue money transmitter licenses to crypto exchanges is an indicator of its readiness to embrace virtual currencies.
Can I make money trading cryptos in Delaware?
Yes, it is possible to make money trading cryptos in Delaware. The most common ways of making money with crypto in Delaware include passive investing, day trading, long-term investing, and investing in Bitcoin ETFs.
Is the Crypto.com exchange available in Delaware?
Yes, the crypto.com exchange is available in Delaware.
Is the Gemini Exchange available in Delaware?
Yes, the Gemini exchange is available in Delaware. It is one of the few exchanges that have received a money transmitter license from the state.