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How to buy crypto in Texas

Texas is very crypto-friendly, making it simple to start investing.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

The good news for cryptocurrency investors or the crypto curious is that Texas has few restrictions on where you can buy it. In fact, Texas aims to be a big player in mining coins and cryptocurrency technology. Texas also accepts crypto and blockchain technology under its commercial business laws.

How to buy cryptocurrency in Texas

Unlike New York, which enforces strict limitations on where consumers can buy cryptocurrency, crypto exchanges in the US are largely open for business in Texas. It means you choose from a greater variety of platforms, wallets and coins you can buy, sell or trade.

Step 1: Compare exchanges.

Weigh fees and factors against your budget and investment goals to find an exchange that fits your needs.

Understand the exchange’s fee structure, and know what you could pay for transfers, deposits, withdrawals and more, with fees varying by exchange. Look for features you expect to use, like fiat-to-crypto trades, access to coins you’re interested in, tax reporting support and crypto banking products that can help you tap into the value of your crypto.

General steps to signing up with an exchange include:

  • Create an account
  • Verify your identity, usually with government-issue ID
  • Connect a digital wallet
  • Deposit funds

And make sure the exchange is compatible with the digital wallet you’ll use to store and access your crypt assets.

Our top pick: SoFi Invest Crypto

Minimum Deposit
Fiat Currency
  • Fees are transparent
  • Well-suited for beginners
  • 30 coins listed
  • Lots of educational materials
  • 1.25% crypto fee
  • Limited in altcoins
  • Limited customer support
  • $10 minimum crypto investment
SoFi — founded in 2011 — isn't a traditional cryptocurrency exchange, but instead functions as a brokerage. It utilizes Coinbase to make its crypto transactions on users' behalf. SoFi requires a $10 minimum deposit for crypto, many educational materials, a 1.25% crypto trading fee, and lists 30 cryptocurrencies including BTC and ETH. SoFi's investors can help users when investing, and if you get a membership, there are extra perks.
Deposit Methods Bank transfer (ACH)
Debit card
Wire transfer
Rollover or personal check
Deposit Fees N/A
Withdrawal Fees N/A
Trading Fees 1.25%

Step 2: Choose a digital wallet.

If you want to buy cryptocurrency, you need a digital wallet. These wallets store your digital assets, including coins, NFTs and even keys. Wallets are a dime a dozen, so choosing the right one for your needs largely depends on the exchange you want to use.

Digital wallets fall into roughly two types

  • Software. Downloadable, Internet-connected programs stored on your computer or device.
  • Hardware. External, offline physical devices you plug into your computer or device to access your digital assets. Also called cold storage.

Online digital wallets typically require steps that include:

  1. Create an account
  2. Record generated seed phrase — or master password
  3. Connect a debit card, credit card or bank account
  4. Connect wallet to network required by the marketplace

The best digital wallets feature apps that allow you to manage your digital assets on the go. Popular online wallets include Ledger, Trust Connect, MetaMask and Coinbase.

Step 3: Research coins.

You’ve heard of crypto staples Bitcoin (BTC) and Ether (ETH), but there are literally thousands of altcoins available to invest in, with more created all the time. Other popular coins include Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Ins (SHIB), Solana (SOL) and Cardano (ADA).

Cryptocurrency is a speculative investment. Costs can vary greatly among coins and fluctuate daily, leaving room for dramatic gains and losses.

While there’s no guarantee you’ll make a profit, you can narrow down a coin that fits your needs by researching elements that include:

  • Market capitalization. Our in-depth coin guides include details on how a coin ranks in market value, its availability and the max number of coins expected to be issued.
  • Long-term performance. Look for stability or patterns you think you can trade on. Large drops may indicate waning demand.
  • Reputation. Learn about who backs the coin, and read about the issues they plan to resolve in white papers, peer-reviewed studies and the news.

Crypto coins in Texas

Residents of Texas can buy most cryptocurrencies available in the US — from big-name coins like BTC and ETH to memecoins like DOGE and SHIB.

Where can I buy crypto in Texas?

Most popular exchanges are available for Texas residents. The state also supports Bitcoin ATMs that allow consumers to buy Bitcoin with physical cash. These ATMs aren’t connected to a bank or credit union, but instead are connected to the Bitcoin network.

Popular exchanges available in Texas include: App

Founded in 2016 and based out of Singapore. Lists 190 cryptocurrencies including BTC, BCH, ADA, DOGE, EOS, LTC, XLM and ETH. It also offers its own coin, CRO, and if you hold stake in it you're offered lower trading fees and more credit card rewards. Trading fees start at 0.40% and a 2.99% fee for credit card purchases. However, many coins offered aren't available in the U.S. Requires a $1 purchase amount.

Kraken Cryptocurrency Exchange

Finder Rating: 5 / 5 ★★★★★

Based in the United States and founded in 2011, boasts over 6M clients in nearly 190 countries, is a popular choice for many crypto enthusiasts. Lists 87 cryptocurrencies, including BTC, ETH, DOGE and ADA. There's a 0.9% fee for buying stablecoins with another stablecoin or USD; a processing fee of $0.25+3.75% fee for card purchases and digital wallet payments; and a 0.5% online banking processing fee. Using the Buy Crypto Widget incurs a 1.5% fee per transaction. Using Kraken Pro can result in lower fees.

Coinbase Digital Currency Exchange

Finder Rating: 4 / 5 ★★★★★

Founded in 2012, Coinbase lists more than 50 coins that include BTC, ETH and DOGE. Its conversion fee ranges from 0.50% to 2.0% and is calculated based on when you place your order, your payment method and market conditions, according to Coinbase's pricing and fee disclosures. You must have at least $2 in your account to buy. Coinbase also has plans to open an NFT marketplace in 2022.

Gemini Cryptocurrency Exchange

Finder Rating: 4 / 5 ★★★★★

Founded in 2014, Gemini lists more than 50 coins that include BTC, ETH, SUSHI and DOGE. Transaction fees depend on your transaction amount, starting at $0.99 for a transaction of up to $10. No deposit fees with crypto or wire transfers, though you'll pay 3.49% of your total purchase amount with a debit card transfer, according to Gemini. Has no account minimum.

Are there any exchanges I can’t use in Texas?

You can use the somewhat controversial exchange Kraken in Texas. However, Texas residents can’t deposit or hold EUR (euro-backed asset) or trade any EUR pairs such as ETH-EUR, according to Kraken.

Another exchange you can’t use in Texas, or any other state, is KuCoin. This exchange doesn’t accept U.S. users and isn’t licensed to operate in the U.S.

Many Redditors and crypto blogs claim you can use exchanges not licensed in the U.S. by skipping KYC (Know Your Consumer) requirements. But this can risk getting your digital assets frozen or getting locked out of your account – so we recommend sticking to exchanges that are licensed to operate in your state and avoiding workarounds that could land you in legal trouble.

Can I use Binance in Texas?

The cryptocurrency exchanges Binance and are both unavailable to Texas residents.

How many people own Bitcoin in Texas?

Some 8% of respondents who live in Texas currently own Bitcoin, according to a Google survey of 1,501 people living in Texas conducted online from December 13 to January 10, 2022. An additional 6% said they don’t own Bitcoin yet but plan to buy in 2022 — which means that Bitcoin adoption in Texas could hit 14% by the end of the year.

Ownership by gender

In Texas, men (11%) are more than twice as likely as women (5%) to own Bitcoin. Of those who don’t own Bitcoin, men (7%) are also more likely than women (6%) to buy it this year. If these men follow through with their plans, it could mean the gap grows to a difference of seven percentage points by the end of the year.

Ownership by age

Those ages 25 to 34 are most likely to own Bitcoin according to respondents who live in Texas, followed by ages 35 to 44, ages 18 to 24 and ages 45 to 55. Young adults ages 18 to 24 who don’t yet own Bitcoin are most likely to buy this year, while those ages 55 to 64 and older are least likely to buy Bitcoin.


Our data is based on a Google survey of 1,501 people conducted online from December 13, 2022, to January 10, 2022. Respondents identified that they live in Texas. We asked respondents if they currently own Bitcoin and, if not, whether they plan to buy Bitcoin in 2022.

Texas laws and regulations around crypto

Texas is home to the largest Bitcoin mine, located in Whinstone, which hosts over 25,000 miners (computers programmed to mine Bitcoin), as reported by the Texas Tribune.

The state passed the Texas Virtual Currency Bill in 2021, which recognizes the legal status of virtual currency, regulates cryptocurrency under commercial laws and gives crypto holders legal rights. The goal is better protection for consumers from scams, fraud or theft from businesses that deal with cryptocurrency.

Is Bitcoin legal in Texas?

Yes, it is. Not only is Bitcoin (BTC) legal in Texas, but the state also recognizes the currency as legal tender, and Texas is known as one of the top spots for Bitcoin mining operations.

Can I buy Bitcoin and Ether in Texas?

Yes, most of the large US-licensed exchanges that list BTC and ETH are available to Texas residents. Coinbase, Gemini, Venmo and even PayPal offer these popular coins and more. BTC and ETH are staples often credited for moving crypto into the mainstream.

Can I buy Dogecoin in Texas?

Yes, DOGE is widely available on exchanges. Popular exchanges that list DOGE include Coinbase, Gemini, Robinhood, eToro and SoFi.

Can I buy BNB in Texas?

Yes, BNB is available for purchase on multiple crypto exchanges, including Coinbase. However, you can’t buy BNB on the popular exchange Gemini at this time.

Can I buy Cardano in Texas?

Yes, Cardano (ADA) is available on many crypto exchanges, such as, Coinbase and Kraken.

Know before you buy crypto

Cryptocurrency is decentralized finance, so there isn’t an authoritative entity out there looking out for you. While exchanges and digital wallets can do their best to keep things secure, you can proactively protect yourself with our top tips:

  • Secure your wallet. One of the most important things you can do to protect yourself from theft or hacking is by keeping your digital wallet’s keys safe. If someone gets access, you could lose your assets without much hope for recovery.
  • Read the fine print. Marketplaces and exchanges often aren’t liable if bad actors get access to your digital wallet or assets. Learn about the security measures in place to prevent access to your money.
  • Watch out for phishing scams. No exchange will ask you to confirm the password to your wallet or keys through email or by phone. Call the company directly to ask about suspicious contacts or anything else you’re not sure about.
  • Reputable exchanges require ID. Signing up with a reputable exchange site typically requires you to submit such personal information as your address, SSN and email. This step is often called KYC and is required. If you skip this step, there may be legal consequences – especially if you skip it to use a non-licensed exchange.
  • Cryptocurrency is volatile. Don’t invest more than you can afford to lose. The value of any coin can change in a matter of seconds, spelling major losses or gains that depend on interest and how much you invest.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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