How to Buy Cryptocurrency in Nevada In 2024 – The Ultimate Beginners Guide

If you’re based in Nevada and wish to buy Bitcoin in under 5 minutes, you can now complete the process at a variety of online brokers.

The best crypto investment platforms we’ll review are fully regulated and supports debit/credit card payments, alongside charging low fees. This beginner’s guide will also explain how to buy crypto in Nevada step by step in screenshots.

How to Buy Cryptocurrency in Nevada in 4 Steps

The mini-walkthrough below will show you how to buy crypto assets in Nevada in less than 5 minutes with eToro. This regulated crypto brokerage is easy to use, supports all major coins, and is safe. Plus, you only need $10 to start invest in cryptos.

• Step 1: Create a free crypto account – Start by creating a free crypto trader account on eToro. Simply hit the “Join Now” button on either the eToro website or the crypto trading mobile app. You will then need to complete the registration form and verify your identity.
• Step 2: Deposit accounts – Fund your eToro trading account with at least $10. The supported deposit methods include PayPal, credit cards, debit cards, bank wire, and ACH transfers.
• Step 3: Identify the best crypto to invest in today – eToro is home to tens of the most popular digital assets. Identify the best crypto to buy from this pool and hit the “BUY” button against it.
• Step 4: Buy cryptos – Use the trading tab that pops up here to customize this investment. Here, you will need to indicate how much you wish to invest in the digital asset and hit the “Open Trade” button.

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 detailed walkthrough of the crypto-buying process. First, though, we need to discuss the top crypto exchanges in Nevada. We also need to understand the Silver State’s regulatory and tax approach to cryptos. Before all these, though, let us discuss the most searched cryptos in Nevada.

Scroll down to find a comprehensive guide on how to buy Bitcoin in the Silver State – should you require a more detailed walkthrough on investing in cryptocurrency.

Most Popular Cryptos to Buy in Nevada

Recent research reports indicate that as much as 40% of the population own cryptos – especially. Having said that, it is fair to say that Bitcoin is the most popular and most adopted digital currency in the State of Nevada. It has been adopted by both long term investors and retail traders.

The state’s crypto friendly stance has nevertheless, helped investors open up the digital asset discussion in the state. Crypto enthusiasts in the state have, therefore, started embracing more digital currencies. The meme coin investing frenzy especially swept the state during the 2021 bull market as most traders turned to popular meme coins like Dogecoin and Shiba Inu.

Other equally popular crypto exchanges in Nevada include:

• Ethereum (ETH)
• Solana (SOL)
• Ordinals (ORDI)
• Chainlink (LINK)
• Pepe (PEPE)
• Ripple (XRP)
• TetherUSD (USDT)
• Uniswap (UNI)
• Avalanche (AVAX)

Where to Buy Cryptocurrency in Nevada

We have already mentioned that Nevada is a pro-crypto state. Here, you get to interact with all the popular crypto trading platforms. To help you find the best crypto trading platform, we have vetted these crypto exchanges and considered a number of factors – including the cost of trading, ease of use, liquidity, crypto library, and customer support.

Here is an overview of the best crypto exchanges and places to buy cryptocurrency in Nevada today.

1. eToro – Overall Best Exchange to Buy Cryptocurrency in Nevada

A number of factors help make eToro our top pick for the best trading exchange to buy cryptocurrency in Nevada. First is its user-friendliness given that its trading platform is optimized for use by both newbie and pro traders. Some of the beginner friendly features on eToro include a free demo account and quick crypto buying process. Pro traders, on the other hand, benefit from deep liquidity and fast transaction processing speeds.

eToro is also the best because it is regulated, has a solid reputation, and is safe. The crypto brokerage is one of the most regulated crypto trading platforms in Nevada. It has also proved its reliability by maintaining one of the highest uptimes for its website. It also provides its platform users with free and highly secure digital wallets.

You only need $10 to start buying cryptocurrencies on eToro. This amount can be deposited via some of the more popular payment methods – from PayPal to cards, ACH transfers, bank wire, and even Apple Pay. Further, the cost of trading cryptos on eToro is transparent and fixed at 1% of the trade volume.

You would also want to register with eToro if you are looking to invest passively. The crypto brokerage lets you stake a number of popular cryptos – like ETH – and earn passive income. It is also popular for championing the copy trading feature. This makes it possible for anyone to make money without spending hours on end analyzing different assets or the crypto markets.

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

2. Coinbase – Best Crypto Exchange for Beginners in Nevada

Coinbase is the largest and most liquid crypto exchange in the US today. It has also consistently ranked among the best crypto exchanges for beginners in the country. It integrates the one-click buy feature on its trading platforms, allowing anyone to buy cryptos instantly with PayPal, cards, or account balances. Coinbase has also integrated an extensive educational resource and even teaches beginners how to invest in cryptos.

Coinbase is also home to a large crypto library. Here, you will get to interact with more than 100+ crypto assets. These range from new pre-sales to the best stable cryptos to buy for beginners. Plus, you only need a minimum of $2 to start buying cryptos on Coinbase.

You will also want to use Coinbase because it is a multi-platform. It lets you buy cryptos on the web platform and the Coinbase crypto trading mobile app. Expert traders can also buy cryptos on the Coinbase PRO trading platform. The pro platform and its deep liquidity make it one of the best crypto trading platforms for active traders.

We also list it here because Coinbase is a safe crypto exchange. It has put in place multiple security measures around trading platform and provides users with free wallets. The Coinbase web wallet, for example, holds as much as 98% of client assets in offline vaults. It then insures the remaining 2% and also insures your cash deposits into Coinbase with FDIC – up to $250,000.

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

3. Binance.US – Top Crypto Exchange in the US for Deep Liquidity and Low Fees

After a $4.3 Billion settlement with the department of Justice, Binance.US is now battling a case against the SEC. As a result, most states across the country have halted Binance.US operations in this jurisdictions, but not Nevada. You can still buy cryptos on what one of the most popular and most liquid crypto exchanges in the world.

There are a number of factors why you may want to buy cryptos on Binance.US. First, it has a user-friendly trading interface. This appeals to both beginner investors and pro-crypto traders. It integrates beginner-friendly tools like buying crypto instantly and educational resources. But it is also deeply liquid, charges low fees, and processes transactions fast. These help it appeal to active traders.

The cost of buying and selling cryptos on Binance.US is volume-based. This maker/taker fee ranges between 0.1% and 0.012%. You also get a 25% fee discount if you settle this transaction fee using Binance Coins.

Other factors making Binance.US the best crypto exchange in Nevada include its decent crypto library. Here, you will have access to the most undervalued cryptos as well as the best future coins. It also presents you with multiple crypto investing options – including crypto derivatives. It also exposes you to multiple passive investing programs, from staking to dual investing and liquidity mining.

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

4. Uphold – The Best Buy Anything-with-Anything Multi-Asset Trading Platform

Uphold is also commonly referred to as the anything to anything trading platform. It is a multi-asset and highly regulated brokerage with a large crypto library – more than 260 coin. In addition to cryptos, you can buy ETFs, stocks, bonds, indices, metals, and commodities on Uphold. The platform is unique in the sense that it lets you buy Bitcoin and other cryptos with either fiat or against any of the supported assets.

However, that’s not the only reason making Uphold the best crypto trading platform in Nevada. It also makes it here because it supports passive investing. The platform is always quick to list new coins, which exposes you to the next 100x coins and the next cryptos o explode. It algo lets you stake more than 15 cryptos with annual interest exceeding 16% APR.

Uphold is also one of the best crypto trading platforms in Nevada because it integrates multiple trading and analysis tools. The multi-asset brokerage integrates highly advanced trading and analysis tools. These are available on both its web trading and mobile trading apps.

You will also appreciate that Uphold is a safe crypto exchange. Among the security features it has put around its platform are multi-factor authentication. Further, Uphold doesn’t lend client funds to third parties. It even updates its assets and liabilities report on the Uphold website every 30 seconds.

5. Kraken – The Safest Crypto Trading Platform in Nevada Today

Kraken is one of the oldest and most reputable crypto trading platforms around. It makes it here because it is the safest crypto exchange in the US. This is evidenced by the fact that it has never been hacked. It also provides you with a free and ultra-secure web wallet that holds more than 90% of your assets offline.

Kraken is also the best crypto exchange in Nevada because it charges highly competitive trading fees. When you buy cryptos instantly, the fee is fixed at 0.9% for stablecoins and 1.5% for regular coins. But if you are trading cryptos on the Kraken exchange, you pay a volume-based maker/taker fee. This ranges between 0% and 0.25%. For more competitive fees, you will want to switch to Kraken PRO.

We also liked that Kraken presents with different ways of investing in cryptos. In addition to buying coins instantly and trading cryptos, you can also use the Kraken OTC. This is specially designed to appeal to high rollers who wish to make large trade pseudonymously. Active traders, on the other hand, get to use the more feature-rich Kraken PRO.

At the time of writing, Kraken is home to 100+ cryptos. This means that it exposes you to all the best altcoins as well as top trending coins worth buying. Kraken is also deeply liquid and maintains some of the fastest transaction processing speeds. These and its reliable site uptime helps it appeal to active crypto traders.

6. Gemini – Best Crypto Trading Platform for Active Traders

Gemini is the best crypto exchange for active traders in Nevada. We list it here primarily because it presents you with multiple trading platforms, all fitted with high advanced tools. These are the web trader, active trader, and the Gemini crypto trading app. They integrate 100+ of the most advanced charting tools and technical indicators.

Gemini is also the best crypto trading platform because it has decent crypto library, featuring 70+ coins. It is also deeply liquid and processes crypto transactions fast. In addition to all these, Gemini lets you margin trade crypto derivatives – futures and options. It also lets you set price alerts and customize trading charts.

Gemini is also one of the safest crypto trading platforms in Nevada. It has put in place adequate security measures around the client data and digital assets. These start by enabling multi-factor authentication and not sharing client data with third parties. The exchange then provides institutional-grade security to the client assets held in their offline vaults.

You may also want to use Gemini in Nevada if you hope to invest and earn passively. The exchange lets you stake cryptos and earn competitive annual interest. It is also quick to list new and popular digital assets and the next cryptos to explode. You will also find the best meme coins to buy on Gemini.

7. Robinhood – Buy Cryptos Fee Free on Robinhood in Nevada

Robinhood is one of the most popular online brokerages in the US today. It was established with the sole aim of helping retail investors access and invest in lucrative traditional assets. Upon launching, Robinhood facilitated the trading of stocks, ETFs, indices, and commodities before incorporating Bitcoin in 2018. Today, you can buy close to 30 of the best crypto assets on Robinhood.

This notwithstanding, three core factors informed our decision to feature Robinhood among the best crypto exchanges in Nevada. First is beginner friendliness. This crypto brokerage has a quick client onboarding process. It has an intuitive trading interface, and the crypto-buying process is straightforward.

Secondly, we liked that Robinhood is a safe exchange. The trading platform has put in place adequate measures aimed at keeping your data and digital assets safe. These include enabling two-factor authentication, providing you with a free web wallet, and holding client assets offline.

Robinhood also makes it here because it is one of the few crypto platforms with no broker commission. You will not be charged a fee for buying and selling cryptos on Robinhood. This is important as it increases your take-home. At the time of writing, Robinhood claims that you will get as much as 3.5% more cryptos when you use the commission-free brokerages than you would on other exchanges.

Is Crypto Investing Legal in Nevada

Yes, cryptos and crypto investing is legal in Nevada. The pro-crypto state has even made significant strides towards coming up with crypto regulations. The Nevada Financial Institutions Division has, for example, come up with several guidance’s relating to transmission of fiat and digital currencies. The department has even established licenses and permits that these entities have to apply.

In 2019, Nevada adopted three critical bills that touch on virtual currencies. SB 164 explains what a virtual currency is and states that it should be treated as intangible personal property for tax purposes. AB 15 defines cryptos as monetary instruments and outlines financial crimes relating to virtual currencies. SB 44, on the other hand, includes cryptos in the definition of property under the Revised Uniform Unclaimed Property Act.

Crypto Taxes in Nevada

Nevada is one of the friendly states with regard to taxation. Like such other states as Florida, Nevada doesn’t have state income taxes. Therefore, any income derived from crypto trades or such salaries or wages aren’t subject to taxation. However, Nevada took this a step further in 2017 when it became the first to ban local governments from taxing blockchain use.

Practical Tips for Buying Crypto and Bitcoin in Nevada

There are a number of tips and considerations you need to take into account when buying cryptos in Nevada. These come in handy in increasing your chances of making money with crypto. They also help you retain much of the income derived from crypto investing.

• Do your own research: Before buying any crypto, conduct your own research. Check its fundamentals, its sustainability, its price history, and real-world use. Only invest in the most promising cryptos.
• Secure your cryptos: You also need to learn how to keep your cryptos safe. Most crypto exchange will provide you with free digital wallets – both web and mobile wallet apps for iOS and Android. However, we do not recommend using third-party crypto wallets. Rather, we encourage you to invest in the ultra-secure hardware wallets that hold your cryptos offline.
• Diversify your portfolio: One of the most effective risk management methods is diversifying your portfolio. Diversify risk by investing in both the most volatile cryptos as well as the most sustainable coins.
• Leverage passive investing: Take advantage of passive investing programs like staking, saving, and crypto lending. These passive investments appeal most to beginner traders who wish to earn while learning how to invest in cryptos.

How to Buy Cryptocurrency in Nevada on eToro – Step-by-Step Beginners Guide

In this section, we walk you through the process of buying all the top altcoins in Nevada on eToro. As we have already mentioned, the process is quick and straightforward. Not forgetting that you only need $10 to start buying cryptos on the platform:

Step 1: Create a free trader account with eToro

To create a crypto trading account on eToro, start by opening the brokerage’s browser or downloading the eToro crypto trading mobile app. Hit the “Join Now” button on either platform and complete the registration form that pops up. This captures your basic personal information including name and email address, phone number and country of residence, and income sources.

Step 2: Verify your identity

The account registration process on eToro is only complete after you have verified your identity. Simply upload a photo of your government-issued ID when prompted, such as your passport or driver’s license.

Step 3: Deposit Funds

After eToro notifies you of account approval, log in. Hit the “Deposit” icon on your user dashboard to bring up the funding tab. Of the supported payment methods, choose one and follow the prompts to deposit at least $10 into your eToro account.

Step 4: Identify the best crypto to buy

After the payment reflects in your account, hit the” Discover” button to view the supported assets. Choose “Cryptos” to see a list of all supported digital assets. Choose one and hit the “BUY” button.

Step 5: Buy cryptos

A trading tab will up. Use it to customize this trade by indicating how much you intend to invest in the digital currency. Hit the “Open Trade” button to execute this investment.

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

Note: The private keys for the crypto you just purchased will be deposited into the exchange-provided web wallet. This holds more than 90% of client assets offline. To move the coins to another wallet or exchange you first need to download and activate eToro Money – the crypto mobile wallet app for the brokerage.

How to Sell Cryptos in Nevada

The process of buying cryptos on eToro is equally straightforward. Below, we teach you how to sell cryptos on eToro in Nevada:

• Step 1: Log back into the eToro trading account.
• Step 2: Hit the “Portfolio” icon on your user dashboard to reveal all your open crypto trades.
• Step 3: Identify the altcoin to sell and choose the “Close” trade option.
• Step 4: Indicate whether you want to sell a portion of coins or the entire position and hit “close” to execute.

Note: The cash equivalent of the cryptocurrency you just sold will be immediately deposited into your account. You may use this amount to buy more cryptos or simply withdraw it.

Conclusion – Buy Cryptocurrency in Nevada Today

Buying cryptos in Nevada has never been complicated. It starts with identifying the best crypto exchange in the Silver State and creating a user account. In the above guide we have discussed the best crypto exchanges in the state and crypto regulation. We’ve also covered reasons to buy crypto, and what risk to consider.

If you want to buy cryptocurrency in Nevada right now, consider doing so through eToro. It is a growing crypto exchanges, with over 30 million registered accounts, and an easy user interface.

More guides on Crypto2Community

• 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
• Buy Cryptocurrency in New Jersey
• 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

References:

• https://www.cnbc.com/2022/10/21/top-7-states-for-cryptocurrency-enthusiasts.html
• https://www.cleanspark.com/
• https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/#:~:text=Cryptocurrency%20awareness%20and%20ownership%20rates,cryptocurrency%20over%20the%20next%20year.
• https://www.coindesk.com/markets/2021/04/14/coinbase-direct-listing-gets-100b-valuation-as-share-price-jumps-in-nasdaq-debut/
• https://www.forbes.com/sites/tylerroush/2024/02/23/judge-approves-binances-43-billion-settlement-for-anti-money-laundering-santions-violations/?sh=36cf25bb4475
• https://www.reuters.com/legal/binance-kicks-off-oral-arguments-push-end-sec-lawsuit-2024-01-22/
• https://www.ft.com/content/77312c18-899f-4460-a858-fe5439373cb5
• https://www.leg.state.nv.us/Session/80th2019/Bills/SB/SB164_EN.pdf
• https://www.leg.state.nv.us/Session/80th2019/Bills/AB/AB15_EN.pdf
• https://www.leg.state.nv.us/Session/80th2019/Bills/SB/SB44_EN.pdf
• https://www.coindesk.com/markets/2017/06/06/nevada-becomes-first-us-state-to-ban-blockchain-taxes/

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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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