Buy Crypto & Bitcoin in Nevada

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KrakenKraken

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and one of the largest in based on daily average trading volume. It is available in almost all countries.

Deposits can be made via bank wire, ACH and SWIFT. Users can buy bitcoin, ethereum, dogecoin and dozens of other coins. Visit Kraken's Website

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

UpholdUphold

Crypto exchange established in 2015. United States residents can buy bitcoin & crypto via wire transfer, credit card, debit card and ACH transfer.

Visit Uphold's Website

Pros
  • Ability to also buy gold and silver
Cons
  • Requires ID verification, so not private
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Bitcoin IRABitcoin IRA

Bitcoin IRA offers a tax-advantaged way to acquire Bitcoin via an IRA.

Visit Bitcoin IRA's Website

Pros
  • Tax-advantaged Bitcoin savings
  • Easy to set up an account
Cons
  • Cannot custody the Bitcoin yourself
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
High
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Reputation
Trusted
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Limits
High

GeminiGemini

Gemini is a New York-based Bitcoin exchange, open to residents of the United States, UK, Canada, Hong Kong, Japan, Singapore and South Korea. Deposits can be made via wire transfer, SEPA or ACH transfer.

Get $20 of free BTC after trading $100 or more within 30 days.

Visit Gemini's Website

Pros
  • Trustworthy and regulated exchange
  • Instant deposit lets you buy coins quickly (but not withdraw them)
  • Some of the lowest fees in the US and Canada
Cons
  • Somewhat confusing to use for new buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
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Fees
Low
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Reputation
Trusted
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Limits
High

CoinbaseCoinbase

Coinbase is one of the largest exchanges, with over 100 million users.

USA users can buy bitcoins and crypto fast and easily using Coinbase's free app or on its website.

Coinbase also offers a free wallet for its users.

Eligible US residents (excluding Hawaii) who successfully create an account and purchase crypto will receive $5 in Bitcoin (BTC) added to their Coinbase portfolio. Visit Coinbase's Website

Pros
  • Trusted exchange with 100 million+ users
  • Based in the USA; with a free wallet included
  • App available on Apple App Store & Play Store
Cons
  • Easy to use but fees can be high
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High

CoinmamaCoinmama

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High

Coinbase Advanced TraderCoinbase Advanced Trader

Coinbase's exchange, Coinbase Advanced Trader (formerly called Coinbase Pro), is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Advanced Trader offers good prices and low fees, but its confusing user interface may initially prove difficult to navigate.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • The user interface is confusing for first-time buyers
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High

Bitcoin ATMsBitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%. View Bitcoin ATMs

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase

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Bitcoin & Cryptocurrency Trading in Nevada


The state of Nevada has taken a very pro-crypto stance in regards to blockchain and cryptocurrencies in general.

Senate Bill 398's passage in 2017 enshrined blockchain's status as "a type of electronic record for the purposes of the Uniform Electronic Transactions Act." Following the success of SB398 in attracting blockchain technology firms to the state, Nevada's Governor signed four further blockchain bills in 2019. These bills grant rights and liberties to cryptocurrency firms and individual investors.(2)

  • SB161 – Creates a regulatory sandbox for emerging technologies companies through a program in the Department of Business and Industry(3)

  • SB162 – Creates a definition for “public blockchain” within Nevada Revised Statutes and requires government agencies to accept electronically certified documents, including those on a blockchain(4)

  • SB163 – Authorizes businesses to store and maintain corporate records on a blockchain(5)

  • SB164 – Defines virtual currencies as intangible personal property and therefore exempts them from personal property taxation(6)

Currently, the Nevada Gaming Control Board has no regulations regarding the use of cryptocurrencies on the gaming floor.(7)

The board’s current policy is, we don't use cryptocurrency directly to conduct gaming activity. We have stated previously, if an entity or licensee wants to come forward, they would need to show us how they want to do it, and they also need to show us how their KYC (know your customer) requirements occur.

Jim Barbie, Chief of the control board’s technology division.

Still, it appears that Nevada's gaming industry is looking at ways customers can make use of cryptocurrencies while at their establishments.

Many casinos and hotels have added bitcoin kiosk locations within their facilities. But they have also noticed that there are an almost equal number of transactions that turn cash into bitcoin. This is leading many gaming industry observers to see that cryptocurrency is being used like cash so there needs to be an effort to find a way to bring crypto to the casino table games and slot machines.

You can’t bury your head in the ground about crypto anymore when you’re talking about billions of dollars. There is something real happening.

Omer Sattar, co-CEO of Sightline Payments

In 2021, Resorts World Las Vegas announced a partnership with Gemini to allow customers access to their digital currency in all areas of the strip, not just shopping and money exchange. Currently, the integration will be for non-gaming transactions aimed to enhance the guest experience using technology-driven conveniences.(7)


nevada bitcoin

So even if you currently can't use crypto at a Vegas gaming table, there are lots of ways to purchase and use crypto.

Bitcoin ATMs allow you to purchase Bitcoin using cash. A Bitcoin ATM transaction takes just a matter of minutes, making it one of the quickest ways to turn cash into cryptocurrency in your (virtual) wallet.

Regardless of how you obtain your Bitcoin, you'll need to store it securely. If you lose your funds, Bitcoin's trustless and decentralized nature means there's no one you can turn to. This means that storing it safely in a wallet is important. Read on to find out more about the best Bitcoin and cryptocurrency wallets.


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Hacks and Crypto Scams in Nevada


BitClub Network Fraud

In March 2022, Gordon Beckstead, of Henderson, Nevada, admitted his role in the scheme to defraud investors in the BitClub Network. The scheme was in operation from April 2014 to December 2019, defrauding investors of $722 million.

The scam solicited money from investors in exchange for shares in a purported cryptocurrency mining pool that also rewarded investors for recruiting new investors into the scheme. Matthew Brent Goettsche, BitClub Network’s creator and operator, and Silviu Catalin Balaci, Russ Albert Medlin, Jobadiah Sinclair Weeks, and Joseph Frank Abel, were charged by indictment in December 2019 in connection with the BitClub Network scheme. Beckstead's role in the scheme was to launder the funds earned by the club into other bank accounts and assets.

In Beckstead's role as accountant he admitted to knowingly preparing false tax returns for 2017 and 2018. Beckstead further admitted to controlling bank accounts associated with the entities and directing transfers to and from the accounts exceeding $50 million. Beckstead acknowledged that the transfers were designed to conceal the source of Goettsche’s income, disguise Goettsche’s ownership of certain property and assets paid for with BitClub Network proceeds, and to help Goettsche evade tax reporting requirements. Beckstead also admitted that he and others provided false and misleading information to financial institutions to conceal the source of Goettsche’s income.(8)

Circle Society, Corp. Fraud

It seems that wherever there is the opportunity to make a quick buck, there are people willing to defraud others in order to do so. Nevada is no exception. A number of Nevada residents have been caught using Bitcoin for fraudulent or illicit ends.

In 2019, the U.S. Commodity Futures Trading Commission filed a civil enforcement action against David Gilbert Saffron of Las Vegas and Circle Society, Corp., an entity created by Saffron. The CFTC accused him of fraudulent solicitation, misappropriation, and registration violations relating to an investment scheme that drew in more than $11 million through Circle Society. Saffron falsely represented his trading history and expertise, and promised investors returns of up to 300%. He also claimed to trade on behalf of Mark Cuban, billionaire tech entrepreneur and investor.

All that might have been excusable if he had actually delivered the returns, but instead of trading binary options on off-exchange forex and cryptocurrency pairs, Saffron held a large chunk of the money in his own personal crypto wallet and paid out dividends to early investors from later investors' contributions.

Digital assets and other 21st century commodities hold great promise for our economy. Fraudulent schemes, like that alleged in this case, not only cheat innocent people out of their hard-earned money, but they threaten to undermine the responsible development of these new and innovative markets. America must be a leader in this space, and we will only succeed if these markets have integrity.

Heath P. Tarbert, CFTC Chairman

The CTFC is seeking full restitution to defrauded investors, disgorgement of ill-gotten gains, civil monetary penalties, permanent registration and trading bans, and a permanent injunction against future violations of the Commodity Exchange Act and Commission regulations.(9)


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FAQ


Exchange Name Support for Nevada
Binance.us
Coinbase
Coinmama
Kraken
Kucoin
Gemini
Uphold
Luno
Crypto.com

Where Can I Find a Bitcoin ATM in Nevada?

The best way to find a Bitcoin ATM in Nevada is to use our Bitcoin ATM finder tool.

You can filter by any of the most popular cryptocurrencies and find ATMs that support buying, selling, or both.

And, as mentioned previously, you can also use LocalBitcoins.

How Much are Fees at Bitcoin ATMs in Nevada?

bitcoin atm fees Nevada

There is a price for the convenience of buying or selling Bitcoin with cash at an ATM, and that price can vary from 5-20%. As you can see at the above Bitcoin ATM - located outside Reno - this can push the actual cost of a Bitcoin quite a bit above the spot price. Whether or not it's worth the convenience is up to you to decide.

Where Can I Buy Bitcoin for Cash in Nevada?

In addition to any Bitcoin ATM in Nevada, you can also use peer-to-peer marketplaces to organize face-to-face trades with sellers looking to exchange their Bitcoin for cash. LocalBitcoins is the most established P2P exchange, though there are other such as Paxful and LocalCryptos, the latter of which uses smart contracts for escrow. This can only work for gift card or bank transfers, not in-person transactions.

Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Wikipedia - Nevada, https://en.wikipedia.org/wiki/Nevada
  2. Nevada Legislature - Senate Bill No. 398–Senator Kieckhefer, https://www.leg.state.nv.us/Session/79th2017/Bills/SB/SB398_EN.pdf
  3. Nevada.gov - Nevada Sandbox Program, https://business.nv.gov/Programs/Nevada_Sandbox_Program/
  4. Nevada Legislature - Senate Bill No. 162–Senator Kieckhefer, https://www.leg.state.nv.us/Session/80th2019/Bills/SB/SB162.pdf
  5. Nevada Legislature - Senate Bill No. 163–Senator Kieckhefer, https://www.leg.state.nv.us/Session/80th2019/Bills/SB/SB163_EN.pdf
  6. Nevada Legislature - Senate Bill No. 164–Senator Kieckhefer, https://www.leg.state.nv.us/App/NELIS/REL/80th2019/ExhibitDocument/OpenExhibitDocument?exhibitId=44506&fileDownloadName=SB164_Work%20Session%20Document_Joe%20Reel.pdf
  7. The Nevada Independent - Experts: Nevada’s casino industry can’t ‘bury its head’ over cryptocurrency, https://thenevadaindependent.com/article/experts-nevadas-casino-industry-cant-bury-its-head-over-cryptocurrency
  8. United States Attorney's Office, District of New jersey - Nevada Man Admits Money Laundering and Tax Offenses Related to BitClub Network Fraud Scheme, https://www.justice.gov/usao-nj/pr/nevada-man-admits-money-laundering-and-tax-offenses-related-bitclub-network-fraud-scheme
  9. Commodity Futures Trading Commission - CFTC Charges Nevada Company and its Owner in $11 Million Cryptocurrency Fraud and Misappropriation Scheme, https://www.cftc.gov/PressRoom/PressReleases/8053-19/

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.



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