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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.
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Popular Exchanges to Buy Bitcoin & Crypto in New Mexico
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eToro - Start trading fast; high limits
- Easy way for newcomers to get bitcoins
- Your capital is at risk.
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Coinbase - High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card
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Coinbase Pro - Some of the lowest fees available for US and EU customers
- Possible to buy bitcoins for 0% fees
- Run by Coinbase
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.
Pros
- Offers unique copy trading feature
- Trusted echange that has been active in traditional finance
- Interface is clean and easy to use
Cons
- You cannot deposit cryptocurrency, but you can deposit with other payment methods

Ease of Use
Easy

Privacy
Low

Speed
Average

Fees
Low

Reputation
Trusted

Limits
High
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.
Pros
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- "Instant Buy" option available with debit card

Ease of Use
Easy

Privacy
Low

Speed
Average

Fees
Average

Reputation
Trusted

Limits
High
Buy Bitcoin Read Review CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.
We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.
Pros
- Support for many countries and regions
- Low 0.2% trading fee
- Established and trusted exchange
Cons
- Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
- GBP market lacks liquidity

Ease of Use
Average

Privacy
Low

Speed
Average

Fees
Average

Reputation
Trusted

Limits
Average
Buy Bitcoin Read Review 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.
We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.
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 of Use
Hard

Privacy
Low

Speed
Average

Fees
Low

Reputation
Trusted

Limits
High
Buy Bitcoin Read Review
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.
Pros
- Tax Advantaged Bitcoin Savings
- Easy to set up account
Cons
- Cannot custody the Bitcoin yourself

Ease of Use
Average

Privacy
Low

Speed
Fast

Fees
Low

Reputation
Trusted

Limits
High
Buy Bitcoin 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.
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 of Use
Hard

Privacy
Low

Speed
Slow

Fees
Low

Reputation
Trusted

Limits
High
Buy Bitcoin Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.
Pros
- Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
- Very low maker fee, falling to 0% with sufficient trading volume
- Highly-rated for security and data protection
Cons
- Requires ID verification, so not private

Ease of Use
Hard

Privacy
Low

Speed
Average

Fees
Low

Reputation
Trusted

Limits
High
Buy Bitcoin Read Review 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.
Pros
- Easy to set up
- Automated dollar cost averaging
- Very low fees
Cons
- First purchase takes awhile
- No way to sell on platform

Ease of Use
Hard

Privacy
Low

Speed
Fast

Fees
Low

Reputation
Trusted

Limits
High
Buy Bitcoin 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.
Pros
- Can be private, fast and easy
- In-person trades require no personal information
- Purchases of bitcoin can be made quickly via cash deposit
Cons
- 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

Ease of Use
Hard

Privacy
High

Speed
Fast

Fees
Low

Reputation
Trusted

Limits
Average
Buy Bitcoin Read Review 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 Bitcoin The Status of Bitcoin in New Mexico
New Mexico hopped the crypto wagon and became a state where you can do cryptocurrency transactions on ATMs. At the moment, Bitcoin ATMs are located in Albuquerque and Santa Fe. They are maintained and operated by established names in the crypto world – DigitalMint and Coinme.
In the past, money service businesses in New Mexico could exchange cryptocurrencies, including Bitcoin, without having to obtain a currency exchange license. The currency exchange license wasn't obligatory only for a business that partakes in exchanging currencies backed by a government entity or foreign governments. However, the officials decided to step in and try to regulate the crypto field.
New Mexico officials decided to protect the citizens by requiring that anyone who exchanges virtual currency must be licensed by the FID as a money transmitter. We are still floating the uncharted waters, though. The proposal came out in February 2019 as the latest effort of the New Mexico House to regulate crypto exchange.
The bill, H.B. 649, is titled "Internet Business Development & Innovations." The bill forbids people to mine Bitcoin or any other cryptocurrency and to exchange it without carrying a proper license and paying a fee. Those that get the license to either mine or exchange cryptocurrencies are not seen as a money service providers.
The New Mexico House has been postponing the bill ever since. All these rules are just letters on a paper that leaves business owners uncertain of whether they need to apply for the license and pay the fee or not.