In this post, we learn how to invest in digital assets in New Hampshire. We discuss crypto taxation and address the Granite State’s approach to crypto regulation.
We start by appreciating the significant strides New Hampshire has made to position itself as the crypto hub of the East Coast. These include welcoming all the best crypto exchanges in the US. They then extend the process of setting up a crypto commission domiciled in the office of the governor.
Below, we provide you with a crypto buying guide and an overview of the best altcoin exchanges in New Hampshire.
How to Buy Cryptocurrency in New Hampshire – An Easy 4-Step Guide
Here is a quick overview of the process of buying cryptos in New Hampshire on an SEC-regulated crypto brokerage, eToro. The platform is home to all the best cryptos to buy in the US, and you only need $10 to invest in any of these coins.
- Step 1: Create a free trader account – Open the official eToro.US website or download the mobile trading app. Click on the “Join Now” icon on either platform and complete the registration form that pops up.
- Step 2: Deposit funds – The minimum deposit and trade amount on eToro is $10. This deposit can be made using PayPal, credit cards, debit cards, ACH transfers, bank wire, Google Pay, or Apple Pay.
- Step 3: Identify the best crypto to buy – eToro lists at least 20 of the most searched cryptos in the US. Identify the crypto you wish to buy from this list and hit the “BUY” icon against it.
- Step 4: Buy crypto – A trading tab will appear, and you need to use it to customize this investment. Simply indicate how much you intend to invest in the altcoin and hit the “Open Trade” icon to execute the buy order.
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
Below, we will provide you with a more detailed crypto-buying process on eToro. We will also share practical tips that help you grow your portfolio and keep your altcoins safe. First, though, we identify popular cryptos in the Granite State and review the best crypto trading platforms operating here.
The Most Popular Cryptos to Buy in New Hampshire
There aren’t enough official regional data aggregation tools for the crypto industry to help us accurately identify the most popular cryptocurrency in New Hampshire.
However, by monitoring mainstream media news and discussions on social media channels, one can easily identify the most talked about coins.
Our analysts also considered trading volumes on exchanges and the adoption of different coins by the business community.
This led to the conclusion that Bitcoin is the most popular, most traded, and most adopted digital asset in New Hampshire. Others whose popularity has been rising steadily among investors and businesses include:
- Ripple (XRP)
- Tether USD (USDT)
- Solana (SOL)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Bitcoin Cash (BCH)
- Pepe (PEPE)
- Tron (TRX)
Where to Buy Cryptocurrency in New Hampshire
We have already mentioned that all the best crypto trading platforms in the US have set up shop in New Hampshire. In this section, we will be taking a closer look at the top six exchanges in the state. We will look at the things that help them stand out and discuss their key features. We also highlight the pros and cons of using these trading platforms.
Here is an overview of the best places to buy digital assets in New Hampshire.
1. eToro – Overall Best Place to Buy Cryptocurrency in New Hampshire
eToro stands out as the overall best trading platform to buy cryptocurrency in New Hampshire because it appeals to both beginners and expert investors. The decade-old brokerage has integrated investing tools and features dedicated to all classes of investors.
Beginners, for example, benefit from tons of educational resources and a straightforward onboarding process. They also enjoy a quick crypto buying process, low trading minimums, multiple funding methods, and even a demo account. They also get to invest passively and make money through copy trading.
Expert traders are, on the other hand, drawn in by eToro’s deep liquidity and fast transaction processing speeds. They also like that it supports not just established cryptos but also the most volatile coins. Not forgetting that the exchange exposes them to 75+ advanced analytical tools and also operates one of the best mobile crypto trading apps. Plus, they, too, earn a commission when they let newbies copy their trades.
Other factors making eToro a top altcoin exchange in New Hampshire include the fact that it is a safe trading platform. It, for starters, has never been hacked. Secondly, it provides users with a custodial wallet that holds 90%+ of their private keys offline. You also get access to a free mobile wallet app for iOS and Android, the eToro Money wallet app.
The only downside to using eToro is that you must subscribe to eToro Club to access fast customer support. But once subscribed, you get access to callbacks and even live chat.
- Only 1% crypto trading fee
- eToro is SEC-regulated and licensed in New Hampshire
- It is a multi-asset trading platform
- Start investing with only $10
- Supports less than 30 coins
- Maintains non-trading fees like the 0.5% crypto transfer fee
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
2. Kraken – The Most Trustworthy Crypto Trading Platform In New Hampshire
Kraken is the safest place to buy cryptocurrency in New Hampshire because it has never been hacked, even though it has been around for 10+ years. Among the security measures that make this possible include multi-factor authentication for user accounts. It also holds client funds in ultra-safe and geographically distributed offline vaults. Plus, it also operates an equally safe mobile wallet app.
In addition to safety, Kraken is also one of the best crypto exchanges for active traders. Here, they get access to 200+ of the most traded altcoins and some of the fastest transaction processing speeds. They are also exposed to 100+ advanced trading, charting, and analysis tools. The platform even operates an OTC with faster execution and custom crypto prices for high-volume traders.
You can still buy cryptos instantly with Kraken cards. It even has a quick onboarding and crypto-buying process. Not forgetting that the exchange lists all the best cryptos for beginners to buy. We, however, must observe that Kraken is biased towards professional and institutional investors. This is evidenced by the comparatively limited crypto educational resources integrated into the platform.
Kraken also stands among the top crypto exchanges in New Hampshire because of its competitive fees. When buying cryptos instantly, the fees can be as high as 3.5%, depending on the payment method. Spot crypto traders are, on the other hand, charged a volume-based maker/taker fee of between 0% and 0.4%.
- Integrates an NFT marketplace
- Experts have access to the feature-rich Kraken PRO
- Support is available over the phone and live chat
- Low trading fees for advanced traders
- No longer offers crypto staking or lending
- No margin or futures 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 – Buy Cryptos with Zero Fees on Robinhood in New Hampshire
Robinhood’s most outstanding feature is its commission-free crypto trading feature. Here, you will not be charged a trading fee when you buy or sell Bitcoins or other cryptos. This makes it a perfect fit for any investor who is looking to cut down on trading fees. It is also a good fit for anyone looking for more cryptos for their cash.
When you buy digital assets on Robinhood, you get over 3.5% more coins compared to a Coinbase trader using a card. This is because Robinhood’s commission-free structure eliminates deposit processing fees, allowing you to grow your portfolio more efficiently.
But there is more to the Robinhood trading platform than just zero fees. The brokerage is also highly secure and presents all its users with two wallets. The first is the brokerage-provided wallet, which stores most of your digital assets offline. The second is the self-custody Robinhood mobile wallet app.
You will also want to use Robinhood if you are looking to create a portfolio that features both traditional and digital assets. The fact that it is a multi-asset platform gives access to stocks, ETFs, indices, and government securities.
We also liked the discount broker’s highly responsive support team. Plus, it has one of the best crypto trading mobile apps that you can use to monitor your portfolio while on the move. We should not forget the rich educational and research resources hosted on the Robinhood website.
- Start trading with $1
- Clean and intuitive trading experience
- Earn interest on uninvested cash
- Multi-asset trading platform
- Not enough trading and analysis tools for expert traders
- Limited cryptos supported
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
4. BitStamp – Popular Crypto Exchange With one of the Best Crypto Trading Apps
Unlike other crypto exchanges that have two standalone apps for beginners and expert traders, BitStamp has folded the two modes into one perfect fit. The basic mode provides users with the quickest and easiest ways of buying cryptos. It has the quick buy/sell functionality and also lets you buy cryptos instantly with credit cards, e-wallets, and bank wire. Its interface is simple and intuitive and also integrates a resource-rich learning centre.
The pro mode is, on the other hand, dedicated to professional investors and active traders. It exposes the user to all the tools and features found on the BitStamp web trader. These include multiple order types, an order book, a real-time price chart, and 100+ advanced trading and analytical tools.
In addition to being easy to use, the BitStamp mobile app is also safe. It not only requires a username and password to log in but also requires you to set up two-factor authentication in the form of biometrics, phone numbers, or authenticator codes. These explain why BitStamp has never been hacked and why it ranks highly among the most trustworthy crypto exchanges in the US.
While using the app, you will still have access to the 120+ cryptos supported on the main trading platform. You will also enjoy ultra-fast transaction processing speed and competitive trading fees. These are volume-based, with the maker/taker fees ranging between 0% and 0.4%.
- Over the phone customer service
- Start buying cryptos with $2
- Supports all the popular cryptos
- Offers multiple fiat-to-crypto trading pairs
- Passive investing is not available in the US
- No margin trading on the app or web trader
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
5. Coinbase – The Best Crypto Exchange for Beginners in New Hampshire
Coinbase is the best exchange for beginners to buy cryptocurrency in New Hampshire because it has a quick onboarding process. This is then complemented by the low trade minimums and the one-click crypto buying process. Here, you only need $2 to start investing in the best future cryptos. Further, the exchange lets you buy cryptos instantly with PayPal and cards. Not forgetting that newbies get to earn free crypto on the Coinbase learn-to-earn program.
But Coinbase doesn’t just appeal to beginners. It also has multiple tools and features dedicated to expert traders. The highlight of these is the Coinbase PRO trading platform. This gives active traders access to more crypto pairs, 100+ advanced trading and analysis tools and low trading fees. The app will also process trades faster and expose you to real-time market data and news.
Investors have also been drawn to Coinbase because of its commitment to the safety of their funds. First, it provides you with an exchange-based wallet that holds 98% of your assets offline. It then promises to insure the remaining 2%. Secondly, you get a free and non-custodial mobile wallet app for iPhone or Android if you prefer self-custody.
- Insures cash deposits with the FDIC – up to $250,000
- Coinbase is deeply liquid, so orders fill fast
- Trade with zero fees on Coinbase One
- Coinbase is a regulated and registered exchange
- May track how and when you spend your crypto
- Charges comparatively higher fees
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
6. CEX.io – Best Crypto Trading Platform in New Hampshire for Passive Investing
Cex.io offers both crypto staking and saving programs. These make it possible for crypto investors in New Hampshire to earn up to 15% in annual interest for their digital assets. At the time of writing, the coins eligible for staking and saving on Cex.io include Solana, Tether USD, Ethereum, Bitcoin, and the USD Coin.
In addition to staking Solana and saving Bitcoins, you can buy and sell 200+ other cryptos on Cex.io. And it maintains some of the lowest transaction fees. Like most of the exchanges that we have discussed here so far, Cex.io maintains a volume-based maker/taker fee model. The fees, however, range between 0% and 0.25%.
The exchange doesn’t even charge a deposit processing fee when you buy Bitcoin and other cryptos instantly with PayPal or cards. Note, however, that the car issuer or PayPal may charge you a transaction fee of up to 4.99% or 3.5%, respectively.
Other factors making Cex.io one of the best places to buy cryptos include its ease of use. Like Coinbase and eToro, the Cex.io trading platform is biased towards beginner traders. It achieves this by maintaining a straightforward crypto-buying process and providing them with rich educational resources. Not forgetting that it has a simple account opening process and allows one to start buying the most promising coins with as little as $1.
- Safe exchange with a New Hampshire business license
- Supports all the popular payment methods
- Free wallet for all Cex.io platform users
- Great crypto trading mobile app
- Limited advanced trading tools and features
- Poor and support
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 New Hampshire
Yes, it is legal to trade, invest, and handle cryptocurrencies in New Hampshire. In fact, the state has taken a rather proactive approach towards digital currencies and blockchain technology. This became especially clear in 2022 when Governor Chris Sununu set up the Commission on Cryptocurrencies and Digital Assets (CCDA).
This group was tasked with checking the effectiveness of existing state laws and regulations when it comes to governing the crypto economy. They were also asked to come up with recommendations for laws and regulations that offer a balance between promoting crypto innovativeness and protecting consumers.
In January a2023, the CCDA published a report that recommended several policy changes to the New Hampshire state laws and regulations.
Today, the New Hampshire legislature is debating and considering two crypto-related bills. First is HB 1502, which defines cryptos as property and allows state banks to provide custodial services for digital assets. The second, HB 1503, exempts digital asset developers and handlers from certain security laws.
Crypto Taxes in New Hampshire
New Hampshire, like Florida, Texas, Washington, and Nevada, doesn’t have state income taxes. You, therefore, will not pay capital gains tax on crypto investing profit or income tax on crypto airdrops. Further, businesses and institutions that accept crypto as payment for goods or services do not have to pay a sales tax. Crypto investors in the Granite State only have to deal with the federal income tax collected by the IRS.
Practical Tips for Buying Bitcoin and Top Cryptos in New Hampshire
Below, we look at a few tips and tricks that will help you make money in crypto and secure your portfolio.
- Use dollar cost averaging: This is one of the best long-term investment strategies. You will want to use DCA if you are looking to lower the overall cost of acquiring cryptos. It also helps you avoid bad market timing.
- Follow the news: The crypto market is overly sensitive to both positive and negative news. Positive market news like Trump’s win in the US presidential election or a rate cut by the FED will send crypto prices soaring. Negative news, like interest rate hikes or escalation of global conflicts will, on the other hand, cause a crash. Therefore, stay informed on global news.
- Leverage market trends: Learn how to leverage market trends by turning them into more profits. Master the different indicators and patterns for the different trends. A sharp increase in active addresses, whale accumulation, rising trade volumes, and rising greed on sentimental indicators, for example, signify a bullish trend. And vice versa.
- Secure your investments: We ask our readers to invest in a reliable hardware wallet. We discourage them from leaving their coins on crypto exchanges or hot wallets. This helps you avoid falling victim to asset misappropriation and misuse by exchanges or hacks. Some of the best hardware crypto wallets include Ledger, Safepal, and Trezor.
- Do your own research: Conduct thorough research before investing in any coin. This helps you avoid falling victim to crypto scams. Research also comes in handy in helping you identify the most promising cryptos to add to your portfolio. Some coin data aggregation sites like CoinLore will provide you with most of what you need to know about popular and new coins.
- Implement risk management: Have a solid risk management strategy. The most basic include having a stop loss target for all your crypto trades. It also extends to only investing what you can afford to lose.
- Diversify your portfolio: Have a mix of stablecoins, established cryptos, and the best meme coins to buy in your portfolio. Understand that established cryptos are less risky but also less profitable. Therefore, if you are looking to speed up the portfolio growth rate, seek out some high-risk/high-reward coins like tier-2 altcoins and meme coins.
How to Buy Cryptocurrency in New Hampshire Walkthrough
In this section, we go over the crypto-buying process on eToro in detail. We had already briefly outlined this guide at the start of this post and mentioned you only need $10 to get started. This is how to go about it:
Step 1: Create a free crypto trader account
Start by opening the official eToro.US website or downloading the eToro mobile trading app. Hit the “Join Now” button on either platform and complete the registration form that pops up. This will ask that you key in your basic personal information, including name and email address, phone number and country of residence, and income sources. You will also need to come up with the account username and password.
Step 2: Verify your identity
You will need to verify your identity before you can start trading. Simply submit a clear photo of your government-issued identification document, such as your state ID, driver’s license, or passport. You will be notified of account approval via email.
Step 3: Deposit funds
Log in to your approved account and hit the “Deposit Funds” icon on your user dashboard. This will bring up a funding tab that indicates all the account deposit methods available to you. Choose one and follow the prompts to fund this account with at least $10.
Step 4: Identify the Best Crypto to Buy
After the cash is reflected in your account, click on the “Discover” button. This will bring up all the assets supported on eToro. Select “Cryptos” to view all the digital currencies listed on the brokerage. Identify the coin you wish to add to your portfolio and hit the “BUY” option against that crypto.
Step 5: Buy crypto
A trading tab will appear, and you will need to use it to customize this investment. Indicate how much you wish to invest in the digital asset. Then, hit the “Open Trade” button to execute the buy order.
Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
Note: eToro deposits the private keys for the coins purchased on its platform on the broker-provided web wallet. To move them to a third-party wallet or exchange, you first need to download the eToro Money wallet app. Transfer the private keys to this wallet and then move them to the third-party hardware wallet or exchange.
How to Sell Cryptos on eToro in New Hampshire
The process of selling cryptos on eToro is equally quick and straightforward. Let us break it down below.
- Step 1: Start by logging back into your eToro trader account.
- Step 2: Hit the “Portfolio” icon on your user dashboard to bring up the list of crypto you have bought on eToro.
- Step 3: Identify the virtual currency you wish to sell from this list and click on the “SELL” option against it.
- Step 4: On the trading tab that appears, indicate whether you want to dispose of a fraction of the asset or liquidate this entire position. Hit the “Close Trade” button to offload these assets.
Note: eToro will sell the coins and immediately deposit the proceeds of this sale in your cash account. You may choose to use these funds to buy some of the hottest cryptos supported here. You may also choose to withdraw the cash.
Conclusion: How to Buy Cryptocurrency in New Hampshire
There goes everything you need to know about buying cryptocurrencies in New Hampshire. It starts with vetting all the crypto exchanges that operate in the state and finding one that appeals to you. After this, you need to conduct thorough research to identify the best crypto to buy for you. Crypto investing then extends to managing risks, learning how to leverage trends, following global news, and avoiding scammers and hackers.
Want to jump straight to buying Bitcoins or other cryptos on eToro? 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 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 Arizona
References:
- https://cointelegraph.com/news/new-hampshire-governor-issues-executive-order-establishing-commission-to-study-crypto
- https://www.governor.nh.gov/sites/g/files/ehbemt336/files/inline-documents/sonh/cryptocurrencie-report.pdf
- https://www.gencourt.state.nh.us/bill_status/pdf.aspx?id=28451&q=billVersion
- https://www.gencourt.state.nh.us/bill_status/pdf.aspx?id=28452&q=billVersion
- https://pro.bloombergtax.com/insights/state-tax/cryptocurrency-tax-laws-by-state/
- https://www.coinlore.com/
- https://edition.cnn.com/2022/02/24/business/bitcoin-price-drops-ukraine-russia-attack/index.html
- https://edition.cnn.com/2022/02/24/business/bitcoin-price-drops-ukraine-russia-attack/index.html
FAQs
Where can I buy cryptos in New Hampshire?
New Hampshire is home to all the popular and user-friendly crypto trading platforms. Some of these are dedicated to beginners, while others are best suited to serve active traders or institutions. Find the exchange that you can identify with and use it to buy cryptos.
How do I buy cryptos in the USA today?
You start by finding a crypto exchange that you like. Register a free crypto trader account with them and make a deposit. Proceed to identify the crypto you like and open a buy order.
Does New Hampshire tax crypto?
No, New Hampshire doesn’t charge a capital gains tax on crypto income.
Can you buy crypto with PayPal?
Yes, you can buy cryptos directly on the PayPal website or on exchanges that let you fund your account with PayPal. Note that the payment processor’s website only supports BTC, ETH, BCH, LTC, and PUSD. To buy the rest of the coins with PayPal, you first need to deposit the PayPal dollars into an exchange.
Can I invest in Bitcoin with $1?
Yes, you can buy Bitcoin or any other crypto, for that matter, with $1. You, however, need to find a crypto exchange that has a minimum trade limit of $1. Some of the popular ones include Binance.US and Crypto.com.