In Oregon, the regulatory landscape for cryptocurrencies is somewhat sparse. There is no overarching federal or state-level regulation specifically governing cryptocurrencies in Oregon. Nonetheless, the Oregon Money Transmitter Act does stipulate that entities involved in the sale or issuance of virtual currencies, or those operating virtual currency exchanges within the U.S. or to foreign destinations via any form of electronic transfer or other methods, must secure a money transmitter license.
The state legislature has passed H.B. 2488, a bill that restricts the state government from investing in cryptocurrencies, except when such investment is sanctioned by the state treasurer.
The legal framework in Oregon presents considerable ambiguity regarding transactions involving digital assets, including cryptocurrencies and non-fungible tokens (NFTs). Furthermore, Oregon is contemplating the introduction of emission regulations targeting the substantial energy consumers within consumer-owned utilities, which include cryptocurrency mining operations.
What you'll learn 👉
Easiest and cheapest ways to buy crypto in Oregon
Getting bitcoins in Oregon is not an easy task as not all popular crypto exchanges are available to Oregon citizens. This is a current list of bitcoin exchanges that allow users from Oregon to buy crypto. They all support buying crypto with credit/debit cards but some of them offer other payment methods as well.
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
As a pioneering cryptocurrency exchange, Kraken has been at the forefront of the crypto revolution since 2011. Its platform is a gateway to a vast array of over 220 digital assets, including market leaders like Bitcoin, Ethereum, and emerging players like Cardano. Security is a hallmark of Kraken, making it a trusted choice for traders worldwide.
Its global presence is commendable, serving users in a multitude of countries, with a few exceptions like Cuba and North Korea. In terms of flexibility, Kraken shines, offering users a wide spectrum of payment options and facilitating transactions in a variety of fiat currencies. Moreover, advanced traders can tap into specialized features to enhance their trading experience.
⚡️ Deposit fees: EUR SEPA Deposit (Free) – EEA countries only USD Bank Wire Deposit ($5 USD) – US onlyEUR Bank Wire Deposit (€10) – outside the US only USD Bank Wire Deposit ($10 USD) – outside US onlyJPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan-only USD, Wire Deposit (Free) ⚡️ Withdrawal fees: Cryptocurrency: Fees vary, SEPA Withdrawal (€0.09) – EEA countries only USD Bank Wire Withdrawal ($5 USD) – US only USD Bank Wire Withdrawal ($60 USD) – outside US onlyEUR Bank Wire Withdrawal (€60) – outside US onlyJPY Bank withdrawal (¥20) – Japan onlyCAD EFT Withdrawal ($10 CAD) ⚡️ Trading fees: Maker: 0.16% Taker: 0.28% ⚡️ Payment Methods: Fedwire, Bank Transfer (SEPA), SWIFT, Wire Transfer, Etana Custody, Silvergate Exchange Network (SEN), FPS, CHAPS, and BACS, PayID, Osko ⚡️ Supported fiat: USD, EUR, GBP, JPY, CAD
Advanced trading and staking features It has been active on the crypto market for a very long time It has a good reputation Advanced trading and staking services
Fees are fairly high No derivates or futures trading
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Founded in 2013 in London, UK, and with over 4 million users, Cex.io is among the oldest cryptocurrency exchange platforms on the market. On Cex.io, you can buy, sell, trade, and store over 100 cryptocurrencies.
This centralized exchange supports fiat to crypto purchases, margin trading, spot trading, staking, lending, leverage, and savings. It has more than 100 cryptocurrencies available for trade and over 220 trading pairs. Today, Cex.io is available in more than 180 countries around the globe (including the U.S.). Cex.io applies AML and KYC policies, and it is registered with The Financial Crimes Enforcement Network (FinCEN).
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
If we want to mention the biggest cryptocurrency exchanges in the world, Coinbase is most likely the first name that comes to our mind. Coinbase is a very powerful crypto platform, especially in the US.
In total, it has over 60 million users around the world which is a remarkable number. The headquarters of Coinbase is in San Francisco, California. Coinbase is not only a typical exchange, but it also offers a cryptocurrency wallet, so we can safely say it is a suitable place for crypto investors.
⚡️ Deposit fees: Credit/Debit Card: 3.99%SEPA: €0U.S Bank Transfer: 1.49% (the US $0.15 min.)Coinbase USD wallet: 1.49%ACH Transfer USD: $0 Wire Transfer USD: $10 ⚡️ Withdrawal fees: SEPA: €0.15U.S Bank Transfer: 1.49% (US $0.15 min.) Coinbase USD wallet: 1.49%Wire Transfer USD: $25 ⚡️ Trading fees: Fees vary ⚡️ Payment Methods: Bank Account, Debit Card, Credit Card, Wire Transfer, SEPA Transfer ⚡️ Supported fiat: USD, EUR, GBP, AUD, CAD, CNY & 50+ more
Very large user base and extremely popular Debit card available A variety of fiat currencies supported Over 100 cryptocurrencies supported
No future or margin trading Fees are fairly high
Best Bitcoin Wallets in Oregon
It is never a good idea to keep your coins on an exchange as that exposes you to numerous risks (exchange hacks, fund freezes by the exchange or some government regulatory body, etc). That is why you should use one of the wallets we list below to store your digital assets.
But, which bitcoin wallet is available in this country?
The safest option is a hardware wallet like Nano X but ZenGo is also a good choice, especially for newcomers.
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, GBP, EUR + more
Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading. Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.
There are a variety of different payment methods such as Bank Transfer, Wire Transfer, Crypto Exchange, SWIFT, Credit/Debit Card Payment, and many more. Depositing and withdrawing are free of charge, but users have to pay network and trading fees. The trading fees aren’t fixed, and they vary depending on the trading spread (the spreads are based on the trading asset and country).
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: Free ⚡️ Trading fees: Based on spreads ⚡️ Service fees: 1% – 3% ⚡️ Payment Methods: Debit/Credit Cards, Bank Transfer (SEPA), SWIFT, ACH Transfer, Wire Transfer, Crypto Conversion, etc. ⚡️ Supported fiat: USD, GBP, EUR, and 15+ more
Anything-to-Anything feature Straightforward registration process Enables investments in US stocks, national currencies, and precious metals There isn’t a fixed minimum investment
Telephone and Live-chat support doesn’t exist Lower volume assets require higher spreads
👛 Ease of Use – Easy 👛 TradingFees – Average 👛 Verification – 1 day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
Paybis is a cryptocurrency exchange based in Scotland and in the UK. It was launched back in 2014 so it has longevity on the crypto market. The exchange has offices in Glasgow, as well as in Riga, Latvia.
Paybis is suitable for users who want long-term investments and has a larger user base. It is available in more than 180 countries in the world, including the US. Paybis supports around 40 crypto assets. The main focus of the exchange is on Round-the-clock support, Worldwide access, Fast security checks, high-level security, and Instant payouts. The exchange is regulated by the Financial Conduct Authority under (FCA), UK’s tier-1 regulatory body.
⚡️ Deposit fees: Free (there is a transaction fee – 2.49%) ⚡️ Withdrawal fees: Free ⚡️ Trading fees: 0.99 – 2.49 % ⚡️ Payment Methods: Bank Transfer, Credit/Debit Card, Skrill, and Neteller. ⚡️ Supported fiat: USD, EUR, GBP, and 40+ more
A lot of payment methods and fiat currencies supported It is regulated The longevity of the crypto market Easy-to-use interface
The number of supported cryptocurrencies could be higher No advanced trading features
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, and more
When we talk about the largest peer-to-peer crypto platforms, LocalBitcoins is probably the first exchange that comes to mind. It is one of the oldest online marketplaces where you can buy and sell Bitcoin. LocalBitcoins is based in Helsinki, Finland.
Jeremiah Kangas founded LocalBitcoins in 2012. The platform is truly worldwide since it operates in more than 240 countries. We can define LocalBitcoins as a peer-to-peer system that connects buyers and sellers in the local area. First, users post ads on the platform. They need to state in those ads their payment methods and exchange rates for buying or selling Bitcoins. Then, others users reply to ads so that the transaction can be finally made.
👛 Ease of Use – Easy 👛 Fees -Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD
Gemini Exchange, established in 2014 by the renowned investors and twins, Cameron and Tyler Winklevoss—who also happened to be Harvard peers of Mark Zuckerberg—is a prominent cryptocurrency exchange.
Operating in over 60 countries, including the U.S., U.K., and Canada, Gemini provides a range of services catering to both novice investors and seasoned traders. These services encompass a trading platform, a trusted digital asset custodial service, and a sophisticated trading interface. A standout feature of Gemini is its custodial service, which boasts a substantial insurance coverage of $200 million for its cryptocurrency holders.
⚡️ Deposit fees: Free ⚡️ Withdrawal fees: 0.001 BTC ⚡️ Trading fees: 0.10% – 0.35% ⚡️ Payment Methods: Credit/debit cards, Local bank transfer ⚡️ Supported fiat: USD
Ability to set real-time market limit orders Low fees Clean user interface Strong reputation
Exclusive to a limited number of countries
Frequently asked questions about buying Bitcoin in Oregon
How do beginners buy bitcoins❓
Bitcoin can’t be purchased through your bank or investment firm yet. Though some organizations are working toward that possibility in the future. For now, you’ll have to go through a cryptocurrency trading platform to exchange your U.S. dollars for Bitcoin or other digital currencies.
Can I invest $100 in Bitcoin❓
Ultimately, it’s up to you whether investing $100 in Bitcoin is worth it or not. If it’s a one-time investment and you just want to try crypto out, we would recommend going with a lower amount since you can’t profit much from $100 anyway.
Do I need a bank account to buy bitcoins❓
There are two good ways to buy bitcoin without a bank account: with credit card, or with cash. We’ll show you exchanges that work for both methods.
Where can I find a Bitcoin machine in Oregon❓
There are a lot of Bitcoin ATMs in Oregon. One is Stop & Go place in Holland.
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As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge.
Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!
