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.
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
How to buy cryptocurrency in Wisconsin
Buying cryptocurrency in Wisconsin doesn't have to be tricky — compare 8+ licensed platforms.
In Wisconsin, there are multiple exchanges to choose from to buy coins like Litecoin (LTC), Polkadot (DOT) and Avalanche (AVAX). Wisconsin also has 548 registered Bitcoin ATMs where you can buy Bitcoin on the go, with the most popular locations being Milwaukee (363 ATMs), Eau Claire (36 ATMs) and Green Bay (27 ATMs). The most popular coin in Wisconsin in 2021 was Polygon, as reported by FinanceBuzz. Of course, there are more than 10,000 cryptocurrencies in existence, so who knows what Wisconsin's most popular coin will be next year.
How to buy cryptocurrency in Wisconsin
With a personal per-capita income of $53,227 in Wisconsin, choosing the right exchange and coin to purchase is a big decision. The average person in Wisconsin earns the equivalent of roughly 2.77 BTC or 50.13 ETH per year. Follow these steps to buy the crypto of your choice:
Step 1: Compare exchanges.
Exchanges vary in what coins they list and wallets they support. For example, Uphold Digital Money Platform lists over 125 cryptocurrencies and Crypto.com App lists 264. Exchanges can also vary in deposit methods and fees. Confirm the platform supports any specific coins you're interested in before signing up.
Our top pick: Gemini Cryptocurrency Exchange
- Wide range of exchangeable currencies
- User friendly
- Newcomer incentives
- Insurance on currency balances up to $250k
- Balances can earn interest
- High fees on mobile app
- Missing some notable top 20 currencies
- No linked debit cards available
|Deposit Methods||Bank transfer (ACH)
|Deposit Fees||Cryptocurrency: None
Wire transfer: None
Bank transfer (ACH): None, bank fees may apply
Debit card transfer: 3.49%
|Withdrawal Fees||Cryptocurrency: None for first 10 withdrawals of each month
Other: None for first 10 withdrawals of each month
|Trading Fees||Order amount below USD 200: USD 0.99 - USD 2.99
Order amount over USD 200: 1.49%
Convenience fee: 0.50%
No matter what exchange you choose, it's important to verify that it's available in Wisconsin. Some states have strict requirements, while others simply require a money transmitter license. CEX.io is not available in Wisconsin, so watch out for that. Once you've settled on an exchange, you're required to complete "know your consumer" (KYC) requirements, which involves your name and proof of identification. You may also need to prove your address by uploading something like a mortgage statement, a lease or a government benefits statement.
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
Step 2: Choose a digital wallet.A crypto wallet, often called a digital wallet, is where you store your crypto assets, like coins and tokens. 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.
- Create an account
- Record generated seed phrase — or master password
- Connect a debit card, credit card or bank account
- Connect wallet to network required by the marketplace
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 recently popular coins include KuCoin (KCS), Polygon (MATIC), Evmos (EVMOS) and Moonbeam (GLMR). Cryptocurrency is a speculative investment. Costs can vary greatly among coins and fluctuate daily, leaving room for dramatic gains and losses. Investing in the big-name coins still doesn't come with any guarantee of profit. Despite the lack of guarantee, you can still narrow down a coin that fits your needs by researching elements that include:
- Utility and accessibility. A well-known coin that is listed on multiple exchanges, or used for crypto applications like play-to-earn games, may have more value if demand is high.
- Celebrity endorsements. Some coins are sought after by celebrities, which can increase their value.
- Supply and scarcity. Crypto coins have limited supply, which can influence their value. Classic supply and demand.
Where do I buy crypto in Wisconsin?
To buy crypto in Wisconsin, look for a crypto exchange that fits your needs. Consider using:
Crypto.com charges maker and taker fees for cryptocurrency trades. The fees vary depending on customer tier levels. Tiers are adjusted daily and are based on a customer's individual trading volumes incurred over the past 30 days.
- Large selection of crypto
Staking for rewards available
- Can be difficult to navigate
Customer service could be more responsive
Expensive withdrawal fees
|Fiat currencies||No supported|
eToro Cryptocurrency Trading
The eToro exchange charges 'round-trip' spreads when buying crypto assets. The spread covers the buy-and-sell side of the transaction and varies based on the asset being purchased. Current spreads vary between .75% and 2.90%
- Multi-asset exchange
Social trading features
Demo account available
- Fewer cryptocurrencies available than some exchanges
$10 account minimum
Fees vary by asset
Gemini Cryptocurrency Exchange
Gemini's fees are somewhat higher than those charged on other exchanges. The platform charges as much as 1.49% on transactions over $200.
- Highly regulated
All crypto held in the exchange wallet is insured
- Higher fees than other exchanges
Limited trading pairs
Limited deposit options
Kraken Cryptocurrency Exchange
- 0.9% fee for buying stablecoins with another stablecoin or USD
- Processing fee of $0.25+3.75% fee for card purchases and digital wallet payments
- 0.5% online banking processing fee.
- Has never had a sitewide hack
Lists 80+ cryptocurrencies
Years of experience
- High fees with instant buy
Texas can't buy EUR or EUR pairs
Can't use a credit card
Requires $10 account minimum
Paxful P2P Cryptocurrency Marketplace
- Multiple deposit and payment methods
No buyer transfer fee
- Only three cryptocurrencies listed
Sellers can chose their exchange rates
Can I buy Litecoin (LTC) in Wisconsin?
Yes, you can buy Litecoin in Wisconsin using an exchange like Gemini, Crypto.com or Paxful. We recommend exploring a list of exchanges that support Litecoin and taking a deeper dive into how to buy Litecoin.
Can I buy Polkadot (DOT) in Wisconsin?
Yes, you can buy Polkadot in Wisconsin using an exchange like Webull, Gemini or SoFi. We recommend exploring a list of exchanges that support Polkadot and taking a deeper dive into how to buy Polkadot.
Can I buy Avalanche (AVAX) in Wisconsin?
Yes, you can buy Avalanche in Wisconsin using an exchange like eToro, Kraken or Paxful. We recommend exploring a list of exchanges that support Avalanche and taking a deeper dive into how to buy Avalanche.
Regulations around cryptocurrency in WisconsinStates also vary on regulations, guidelines and financial regulatory agencies that govern cryptocurrency — despite the fact that crypto is considered decentralized finance, or DeFi.
Wisconsin's regulations according to Bloomberg LawThe Wisconsin Department of Financial Institutions interprets its authority under Wis. Stat. § 217.03 as not extending to the transmission of virtual currency, although dealers in virtual and fiat currency likely need a license for the latter. See “Sellers of Checks.”
Source: Bloomberg Law
Know before you buy cryptoCryptocurrency 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. Learn more about the fundamentals of cryptocurrency to better equip yourself in this volatile market.
More guides on Finder
How to buy cryptocurrency in the USA
Learn how to buy cryptocurrency in the US and what you’ll need.
Layer 1 and Layer 2 blockchain scaling solutions
Layer 1 and Layer 2 blockchains must scale to onboard more users, learn more about these two technologies.
How to invest in Ethereum
Interested in Ethereum? Find 5 strategies to invest in the cryptocurrency.
How to buy cryptocurrency in Puerto Rico
How to start buying and investing in cryptocurrency in Puerto Rico.
How to buy cryptocurrency in Wyoming
Wyoming may have regulations on crypto, learn how to buy cryptocurrency legal in Wyoming.
How to buy cryptocurrency in West Virginia
West Virginia may have regulations on crypto, learn how to buy cryptocurrency legal in West Virginia.
How to buy cryptocurrency in Washington
Washington may have regulations on crypto, learn how to buy cryptocurrency legal in Washington.
How to buy cryptocurrency in Virginia
Virginia may have regulations on crypto, learn how to buy cryptocurrency legal in Virginia.
How to buy cryptocurrency in Vermont
Vermont may have regulations on crypto, learn how to buy cryptocurrency legal in Vermont.
Ask an Expert