Wondering if Wyoming is crypto-friendly? Look no further. In the heart of America’s Cowboy State, cryptocurrency isn’t just tolerated; it’s welcomed with open arms. Our comprehensive guide will walk you through the best exchanges and wallets for buying crypto in Wyoming, a state that has not only legalized but also embraced the digital asset industry.
From Coinbase to Kraken, we’ve got you covered. So saddle up and let’s explore the crypto frontier in Wyoming!
What you'll learn 👉
Easiest and cheapest ways to buy crypto in Wyoming
No matter where they live, people always seek the easiest and cheapest way to buy bitcoin. Buying crypto in Wyoming is a bit harder than in some other countries so we have compiled a list of exchanges where Wyoming citizens can buy bitcoin.
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – EUR, USD, and 50+ more
Coinbase is widely considered one of the biggest cryptocurrency exchanges, especially in the US. It has over 60 million users which is a remarkable number.
It was founded back in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has users in over 100 countries. Coinbase’s headquarters are in San Francisco, California. The platform offers not only exchange-based services but also a wallet so it is a perfect place for all 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
A variety of fiat currencies supported Over 100 cryptocurrencies supported A regulated and trustworthy company Large user base and widely popular Provides a Coinbase debit card
No future or margin trading Higher trading fees than main competitors have (Binance for instance)
👛 Ease of Use – Easy 👛 Fees – Average 👛 Verification – 2-3 Days 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, JPY, CAD
Established in 2011, Kraken has carved a niche for itself as a trusted and reliable crypto exchange. It boasts support for an impressive roster of over 220 digital assets, encompassing major cryptocurrencies like Bitcoin, Ethereum, Cardano, and many others. Security has always been a cornerstone for Kraken, making it a go-to choice for many.
Its global footprint is vast, covering a majority of countries with only a few exceptions such as Iran and Washington state. On the convenience front, Kraken doesn’t disappoint. Users have a wide array of payment options at their disposal, and the platform is also flexible when it comes to fiat currency transactions. Additionally, seasoned traders can leverage advanced features to optimize their trading strategies.
⚡️ 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
Available almost worldwide High security Over 90 cryptocurrencies Various payment methods
Fees slightly above the industry average No tax support
👛 Ease of Use – Easy 👛 Fees – Low 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, GBP, EUR + more
Uphold is a crypto exchange that has been in the game since 2015. The headquarters of the company is in NY, the US. It offers its users a multi-functional exchange of different assets, other than just buying and selling cryptocurrencies.
Uphold offers a beginner-friendly interface. The main focus (and the main differences compared to its competitors) is on trading directly between asset classes with fixed payments, offering a future where all users have access to financial services, thanks to Uphold’s unique “Anything-to-Anything” trading experience.
⚡️ 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
Offers a beginner-friendly interface Various advanced features Unique “Anything-to-anything” trading service Low fees It is regulated by the US laws
Customer support can be better Various trading limitations A less organized educational section (compared to its competitors)
Best Bitcoin Wallets in Wyoming
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 – Medium 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, and 10+ more
Crypto.com, headquartered in Singapore, offers services like an app, exchange, wallet, and NFT marketplace. It supports over 250 cryptocurrencies, enabling users to transact in various digital assets.
Originally founded in 2016 in Hong Kong as “Monaco” by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo, it rebranded to Crypto.com in 2018 after acquiring a domain from cryptography expert Matt Blaze. The company is a subsidiary of Foris DAX MT (Malta) Limited.
By June 2023, Crypto.com boasted 80 million customers and a workforce of 4,000.
Features: Cryptocurrency Trading: The platform allows users to trade numerous cryptocurrencies and offers staking options. Crypto Wallet: Users can securely store their digital assets. In 2022, they introduced support for the Ledger wallet. Crypto.com Pay: A credit card service facilitating payments in cryptocurrencies. NFT Marketplace: A space for trading NFTs. Trading Services: Includes margin and derivatives trading.
An extensive list of supported cryptocurrencies Transparent, competitive fees with discounts available Support for an ecosystem of cryptocurrency products
Higher fees unless you hold and use CRO Poor customer support Trading fee discounts can be confusing to navigate
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, RUB
Cex.io is cryptocurrency exchange platform that allows users to buy and sell various digital assets and store them in their account. It offers a range of trading tools and features for both beginner and experienced traders, including a margin trading platform called CEX.IO Broker where users can trade commission-free. The reputation of the exchange seems to be very high, mainly due to its longevity on the crypto market.
CEX.IO is a cryptocurrency exchange platform that allows users to buy and sell various digital assets and store them in their account. It offers a range of trading tools and features for both beginner and experienced traders, including a margin trading platform called CEX.IO Broker where users can trade commission-free. The platform has a simple and easy-to-use interface and is available on desktop and mobile devices through the CEX.IO app. CEX.IO prioritizes security and is compliant with various regulations and standards such as the Payment Card Industry Data Security Standard (PCI DDS) and the General Data Protection Regulation (GDP). It also offers two-factor authentication and full data encryption. CEX.IO charges transaction fees based on users’ 30-day trade volume and has deposit and withdrawal fees that vary depending on the payment method used. The platform also has a customer support team available 24/7.
👛 Ease of Use – Easy 👛 Fees – High 👛 Verification – 1 Day 👛 Reputation – Trusted 👛 Supported fiat – USD, EUR, GBP, CAD, AUD
Founded in 2013 in Israel, Coinmama is one of the oldest crypto exchanges in the business. With its current headquarters in Dublin, Ireland, this centralized cryptocurrency exchange allows its users to quickly and securely buy and sell cryptocurrencies.
Coinmama is a popular platform used by 1.5 million people in more than 150 countries (except for 11 states in the United States). The company is registered with The Financial Crimes Enforcement Network (FinCEN) in the United States and ensures that the coins purchased through their platform are directly transferred to the user’s non-custodial wallet, rather than being kept in Coinmama’s own wallets.
⚡️ Deposit fees: 0 – 5 % ⚡️ Withdrawal fees: None ⚡️ Trading fees: 2.9 – 3.9 % ⚡️ Payment Methods: Bank Transfer (SEPA), SWIFT, Fedwire, Bank cards, Open Banking, Google Pay, Apple Pay, Skrill ⚡️ Supported fiat: USD, EUR, GBP, CAD, AUD
Available almost worldwide Mobile App (Android and iOS) Good for Beginners Good Support Various payment methods
A small selection of available cryptocurrencies Not the lowest fees Can’t do anything on the platform other than purchases and sells of coins
With its headquarters in the United Kingdom, Paybis offers a multilingual platform with 9 different languages to choose from English, French, Arabic, Italian, Korean, Spanish, German, and Russian. Paybis supports 180 different countries around the world, and they have 24/7 multilingual customer support. The platform offers only 38 cryptocurrencies, including the most popular ones: BTC, BCH, BNB, ETH, LTC, XRP, USD Tether, etc. Paybis is registered with the Financial Crimes Enforcement Network as an MSB.
⚡️ Deposit fees: Free ⚡️ 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
Super easy to use Excellent customer support A great resource for crypto education Transparent fees and fast transactions
A limited number of supported crypto assets A bit higher trading fees
Frequently asked questions about buying Bitcoin in Wyoming
Is crypto legal in Wyoming❓
Wyoming is currently the only state that has created a legal framework that not only allows but also welcomes the crypto industry to do business in the state through companies and individuals.
Is Wyoming crypto tax-free❓
Wyoming has also waived crypto-related taxes at the state level. This means that crypto transactions made by Wyoming-based firms and individuals do not get taxed at the state level
Is Kraken a bank❓
Kraken is a United States-based cryptocurrency exchange and bank, founded in 2011. The exchange provides trading between cryptocurrency and fiat currencies, and provides price information to Bloomberg Terminal.
Can you own bitcoin in an LLC❓
Governments, companies, funds, small businesses, and individuals over the age of 18 can invest bitcoin in an LLC. Investing bitcoin in an LLC presents relatively low barriers to entry compared to forming other types of business organizations to store an asset.
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!