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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
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
Bitcoin IRA offers a tax-advantaged way to acquire Bitcoin via an IRA.Visit Bitcoin IRA's Website
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
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
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.
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.
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
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)
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.
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.
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)
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.
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)
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)
|Support for 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.
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.
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.
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.