Buy Crypto & Bitcoin in New Mexico

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

  • Popular Exchanges to Buy Crypto & Bitcoin in New Mexico
  • eToro exchange logo
    eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
    BUY NOW at eToro's Secure Site
  • coinbase exchange logo
    Coinbase
    • US based crypto & Bitcoin exchange
    • Best way to buy crypto in the US
    • Instantly connect bank account and buy
    BUY NOW at Coinbase's Secure Site
  • coinbase pro logo
    Coinbase Pro
    • Some of the lowest fees available for US customers
    • High liquidity; good for buying large amounts of crypto
    • Based in the USA
    BUY NOW at Coinbase's Secure Site

CoinbaseCoinbase
Buy Now at Coinbase's Secure Site

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, UK, Singapore, Canada, and Australia.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

Get up to $36 in free crypto when you signup using Coinbase Earn.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
ease icon
Ease of Use
Easy
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Average
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Coinbase ProCoinbase Pro
Buy Now at Coinbase Pro's Secure Site

Coinbase's exchange, 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 Pro offers good prices and low fees, but their 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
  • User interface is confusing for first time buyers
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Average
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now Read Review

Buy Now at Gemini's Secure Site

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.

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
  • Not yet available in all US states
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Slow
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin IRA's Secure Site

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.

Pros
  • Tax Advantaged Bitcoin Savings
  • Easy to set up account
Cons
  • Cannot custody the Bitcoin yourself
ease icon
Ease of Use
Average
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Swan Bitcoin's Secure Site

Swan Bitcoin is a dollar cost averaging Bitcoin exchange, where users can set up recurring Bitcoin purchases to be drafted from their bank account or credit card every month or week.

Get $10 in free BTC when you make your first purchase.

Pros
  • Easy to set up
  • Automated dollar cost averaging
  • Very low fees
Cons
  • First purchase takes awhile
  • No way to sell on platform
ease icon
Ease of Use
Hard
privacy icon
Privacy
Low
speed icon
Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
limits icon
Limits
High
Buy Now

Buy Now at Bitcoin ATMs's Secure Site

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%.

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

-

Bitcoin & Cryptocurrency Trading in New Mexico


New Mexico is home to a strong community of Bitcoin enthusiasts. The Land of Enchantment was also home to the United States' very first Bitcoin ATM. Additionally, the state's natural abundance of renewable energy sources makes it an attractive location for commercial miners.

So, is New Mexico paradise for Bitcoiners? Read on to find out all about how to buy and where to spend Bitcoin in New Mexico, as well as the state laws pertaining to the cryptocurrency.

A number of local businesses have been accepting Bitcoin since as far back as 2011, such as David Edwards' New Mexico Tea Co. Edwards is not content to just profit off his early adoption of the cryptocurrency (though he has certainly done that) – he also acts as a Bitcoin evangelist and encourages anyone with questions to reach out, whether they're buying tea or not.

bitpay invoice
NM Tea Co.'s Bitcoin payment interface using Bitpay

Downtown Albuquerque's Vetco also accepts Bitcoin. “We figure Bitcoiners have pets, too,” said the pet supply store’s marketing director.

bitpay invoice

These are just a couple of the many crypto-friendly businesses in New Mexico and show how strong the grassroots interest in the cryptocurrency is.

It's no passing fad, either. The state's Bitcoin community had a big win back in 2014 when the first ever Bitcoin ATM in the U.S. was installed in a cigar bar in Albuquerque.

For another New Mexico first we'll need to head out of the cigar bars and onto a college campus. In 2018, Central New Mexico Community College became the first higher-education institution in the country to issue student diplomas on a blockchain.

This initiative gives "students lifelong power to manage their own hard-earned credentials from the palm of their hand."

Not content with just that, CNMCC also announced that it would be accepting Bitcoin as payment for tuition. The blockchain era is coming, as they put it, and any institution not at the forefront of it will be left behind.

These institutions can benefit not only from New Mexico's strong grassroots community, but also from the state's natural resources.

New Mexico is home to some of the cheapest renewable energy in the U.S., making it an attractive location for any large-scale Bitcoin miners looking to set up shop.

2019's Energy Transition Act increased the state's target to 100 percent of electricity sales from carbon-free generation by 2045. The Act gives incentives to users and producers, such as favorable tariffs and predictable pricing structures.

So, does all this combine to make New Mexico the best state in the U.S. for Bitcoin?

Unfortunately not. The state government has shown little interest in Bitcoin or blockchain technology, with no laws specifically promoting or clarifying the legal status of the technology.

New Mexico is one of the handful of U.S. states that requires those transacting in cryptocurrency to obtain a money transmitter license.

Requirements and processing fees for money transmitter licenses are relatively onerous. Additionally, the Regulation and Licensing Department requires that "money transmitters maintain a minimum surety bond of $300,000 or 1% of the total yearly dollar volume of money transmission business within the State of New Mexico."

This process, however, was greatly streamlined in 2020 when the Conference of State Bank Supervisors (CSBS) announced that money transmitter businesses in 48 states would have their license recognized by the others.

New Mexico has great potential for Bitcoin and blockchain, but so far this potential has gone untapped.

Still, Bitcoin is fully legal in New Mexico and there is enough local support in the state to make sure you won't be alone in your endeavors.

If you're looking to buy Bitcoin in New Mexico, exchanges are the easiest way to do so. See below for our review of the best U.S.-based and international options.

Another option is to use LocalBitcoins, which is a peer-to-peer marketplace where you can organize trades with other individuals who are looking to buy or sell Bitcoin. This means that you can use any payment method you on which you both agree. PayPal, bank transfers, and gift cards are some of the most common on the site.

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.


-

Top Bitcoin & Cryptocurrency Exchanges in New Mexico


New Mexico has access to many large Bitcoin and cryptocurrency exchanges.

Take a look at our favorites below:

  • Popular Exchanges to Buy Crypto & Bitcoin in New Mexico
  • eToro exchange logo
    eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • coinbase exchange logo
    Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • coinbase pro logo
    Coinbase Pro
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees
    • Run by Coinbase

-

Best Bitcoin Wallets for New Mexico



There are three main types of Bitcoin wallet and all of them are supported in New Mexico:

  • Software (desktop or mobile - iOS and Android wallets
  • Hardware wallet
  • Cold-storage (paper or steel wallets, the latter of which are used to backup your main wallet.

Best for Security

ledger nano x

Ledger Nano X

Secure storage for any cryptocurrency

More About
Ledger Nano X

The Ledger Nano X is the newest crypto hardware wallet, and is very easy to use. It connects to iOS, Android & desktop computers.

Temporary Wallet

zengo wallet logo

Zengo

Best for storing crypto for short period of time

More About
Zengo

ZenGo is an easy-to-use iOS and Android Bitcoin & crypto wallet. Start within 20 seconds.

Best for Desktop

electrum logo

Electrum

Simple yet powerful desktop wallet

More About
Electrum

Electrum is a Bitcoin-only wallet that has been around since 2011. It's easy to use, but has advanced features.


-

Ethereum How to Buy Ethereum in New Mexico


Ethereum (ETH) has established itself as the second most popular digital currency, after Bitcoin. Its smart contract features allow unique apps to be built on top of its platform. Below you will find exchanges in New Mexico that allow you to buy ethereum. Once you buy, you should withdrawal your ETH directly to your own crypto wallet.


-

Dogecoin How to Buy Dogecoin in New Mexico


Thanks to Tesla founder Elon Musk, Dogecoin (DOGE)—a coin that started as a meme about the shiba inu dog—has recently become a popular digital currency. Below you can find crypto exchanges in Canada that allow you purchase Dogecoin.

About Dogecoin: Dogecoin has become one of the most famous altcoin blockchains. Dogecoin was founded by Jackson Palmer and Billy Markus on December 6, 2013. Thanks to its popularity on Robinhood, it hit an all time high of $0.42 on April 20. Doge started the year at under $0.01 USD. It is an open source blockchain, meaning its code is publicly available for anyone to see.


-

Litecoin How to Buy Litecoin in New Mexico


Litecoin (LTC) is one of largest cryptocurrencies by market cap. Below you can find a list of brokerages in New Mexico that allow you to buy litecoin and other crypto assets for good exchange rates.


-

Hacks and Crypto Scams in New Mexico


New Mexico, being home to no major crypto exchanges, has so far escaped from being the location of any crypto hacks.

This doesn't mean that Bitcoin investors should ignore the threat of any of the Ponzi schemes or phishing attacks out there.


-

FAQ


Does Binance Work in New Mexico?

Binance homepage

Yes, Binance is available for customers in New Mexico.

However, you cannot simply go to binance.com and sign up for an account.

Binance has a special website for US based customers at Binance.us

Due to US regulations, Binance US is more strict about handling KYC and AML of new customers.

This just means that verification may take a little longer than it would on regular Binance.

The biggest difference between Binance US and regular Binance is the coin support as well as some of the features available to users.

Because of this, you shouldn’t just look at the supported coins listed on binance.com and assume Binance US will sell it to you. It’s a good idea to make sure that the Binance US coin support list shows the coin you want to buy.

Does Coinbase work in New Mexico?

coinbase homepage

User in New Mexico can convert, buy, and sell cryptocurrencies with fiat. Supported payment methods are:

  • Bank Account
  • Deposit
  • PayPal
  • Credit Card

Does Gemini work in New Mexico?

gemini homepage

Users in New Mexico can use all of Gemini’s products and services.

Does Coinmama work in New Mexico?

coinmama homepage

Users in New Mexico can use all of Coinmama's products and services.

Does Kraken work in New Mexico?

kraken homepage

Users in New Mexico can use all of Kraken’s products and services.

Where Can I Find a Bitcoin ATM in New Mexico?

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

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

How do I cash out of Bitcoin in New Mexico?

Any exchange listed above will allow you to sell your Bitcoin for fiat currency.

Another way to sell Bitcoins in New Mexico is through automated teller machines (ATMs). These ATMs allow users to instantly purchase and sell cryptocurrency using cash, however most of them require at least a phone number, so they aren't totally private.

LocalBitcoins is another option. Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you'll minimize any potential problems.

You could also use a service like eGifter to sell your Bitcoin for gift cards.

About the Author: Jordan Tuwiner

author

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets. His articles are read by millions of people each year looking for the best way to buy Bitcoin and crypto in their country.

He has also written extensively about the history, technology, and business of the crypto world. Jordan is also the creator of some of the internet's most famous Bitcoin pages, including The Quotable Satoshi and Bitcoin Obituaries.

To learn more about Jordan, see his full bio.