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You'll need a Bitcoin wallet before you buy since some exchanges require one.
Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.
- Popular Exchanges to Buy Bitcoin & Crypto in Idaho
eToro- Start trading fast; high limits
- Easy way for newcomers to get bitcoins
- Your capital is at risk.
Coinbase- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
Coinmama- Works in almost all countries
- Highest limits for buying bitcoins with a credit card
- Reliable and trusted broker
eToro Buy Bitcoin Read Review
eToro is a trading platform based in the United States. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via bank transfer or ACH. It also offers unique features like copy trading.
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
We may receive compensation when you use eToro. Please visit eToro for its exact pricing terms.
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
- You cannot deposit cryptocurrency, but you can deposit with other payment methods
Coinbase Buy Bitcoin Read Review
Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia.
Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.
We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
Bitcoin IRA Buy Bitcoin
Bitcoin IRA offers a tax-advantaged way to invest in Bitcoin and Ethereum using your 401k or other retirement savings.
Bitcoin IRA is a US licensed IRA custodian, so you know your crypto or Bitcoin IRA is in full compliance with the Federal Government.
We may receive compensation when you use Bitcoin IRA. Please visit Bitcoin IRA for its exact pricing terms.
- Tax Advantaged Bitcoin Savings
- Easy to set up account
- Cannot custody the Bitcoin yourself
LocalBitcoins Buy Bitcoin Read Review
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.
We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
- Beware of scams; always follow the rules!
- Harder to buy large amounts of bitcoins compared to large exchanges
- Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Bitcoin ATMs Buy Bitcoin
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%.
- Our map makes it super easy to find a Bitcoin ATM near you
- Bitcoin ATMs often have 5-10% fees per purchase
The State of Bitcoin in Idaho
The State of Idaho has a total of 7 Bitcoin ATMs. Five are located in Boise, while Idaho Falls and Spokane each have a single ATM. Only two of the ATMs in Boise don't support selling operations. Idaho ATMs also support buying and selling Bitcoin Cash, Ether, Dash, Litecoin, and Monero.
All of the ATMs in the state are from General Bytes. Idaho is one of the cheapest states with the average cost per mining a single Bitcoin at $3,289. In comparison, Louisiana is the cheapest state with an average cost of $3,224. This puts Idaho in the top three positions for mining in terms of costs.
Apart from cheap housing, one of the biggest reasons why Idaho is so good for mining is the low electricity rate at 8.67 cents per kWh. This makes it the 2nd state with the cheapest electricity rates. The average costs are way down beneath the national average, making Idaho ideal for mining.
The local government in Idaho has various money transaction regulations, and they don't mention cryptocurrencies in any way. However, the government has issued a guide on how to use cryptocurrencies. It also states that citizens of Idaho don't need any special license to trade virtual currency.
It considers these assets as their property, and people have the right to do whatever they want with it. Overall, Idaho's potential for bitcoin mining and trading is still neglected, and it's one of the states with the lowest number of ATMs and tellers.
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