Crypto in the USA: The Complete Guide

AI summary

The article provides a comprehensive guide to cryptocurrency in the USA for 2025, covering legal status, regulatory complexity, taxation, and best practices for buying, storing, and mining crypto assets. It highlights the importance of compliance with federal and state laws, recommends secure storage solutions like hardware wallets, and compares leading crypto exchanges. As adoption grows and regulations evolve, understanding these factors is key for safe and successful participation in the US crypto market.

Cryptocurrency drives innovation across finance and tech, and the United States leads the charge. The USA hosts the world's largest crypto market, fostering startups, institutional investment, and widespread public awareness. It also imposes layered regulation, depending on federal vs. state laws, agency oversight, and tax policy. Whether you want to buy Bitcoin in the USA, mine crypto, store assets safely, or understand NFTs, this guide delivers what you need in 2025.

Key Takeaways

• The USA treats crypto as legal, but regulatory compliance varies at the federal and state levels.
• The SEC, CFTC, and IRS share oversight; each handles different aspects of regulation.
• Adoption continues to grow among retail users, institutions, and technology developers.
• Crypto tax rules classify digital assets as property, with capital gains applying.
• Best exchanges include Coinbase, Kraken, and Gemini; wallets like the Tangem hardware wallet offer strong protection.

Is Crypto Legal in the USA?

Yes, cryptocurrency is legal in the United States, but the regulatory environment is complex. Instead of one unified law, several agencies and states set their own rules.

At the federal level:

• The SEC regulates tokens, considers securities, and pursues unregistered offerings.
• The CFTC oversees Bitcoin, Ethereum, and crypto derivatives as commodities.
• The IRS treats cryptocurrency as property, making every sale or trade taxable.

At the state level:

• States like New York require licenses (e.g., the BitLicense) to operate.
• Others, like Wyoming and Texas, offer crypto-friendly frameworks to attract businesses.

Beyond these rules, the US also explores the idea of a central bank digital currency (CBDC) through projects like the Digital Dollar Project, while systems like FedNow modernize payment infrastructure.

In short, the USA recognizes crypto as legal, but investors and businesses must carefully follow overlapping federal and state regulations.

How to Buy Cryptocurrency in the USA with Tangem

Buying crypto in the USA has become easier than ever, especially when using a secure and compliant wallet like Tangem. You can purchase Bitcoin, Ethereum, and other cryptocurrencies directly through the Tangem app in just a few steps.

Step 1 – Install Tangem and Set Up Your Wallet

Download the Tangem app from the App Store or Google Play, then activate your physical Tangem card by tapping it against your smartphone. The setup process creates your private keys inside the secure chip — never exposed online or stored on servers. Once the wallet is ready, you can buy, store, and manage crypto from one place.

Step 2 – Choose the Cryptocurrency You Want to Buy

From the Tangem app's main screen, select the cryptocurrency you want — for example, Bitcoin, Ethereum, or USDT — and tap "Buy."

Step 3 – Confirm Your Country and Available Providers

The app may ask you to confirm your country of residence. Choose "United States." Tangem integrates with regulated third-party providers (such as Mercuryo, MoonPay, or Simplex), which process your purchase securely and send the crypto directly to your Tangem wallet.

Step 4 – Select Payment Method

Pick your preferred payment option. Most users in the USA can buy crypto using:

• Credit or debit card (Visa or Mastercard)
• Apple Pay or Google Pay
• Bank transfer or wire (where supported)

These options allow you to buy Bitcoin with USD directly, with instant confirmation in most cases.

Step 5 – Complete KYC Verification

Tangem's partner providers follow KYC and AML regulations in the USA. Verification helps ensure compliance and protects you from fraud. You'll need to verify your identity by submitting:

• A valid ID (driver's license or passport)
• Proof of address
• Social Security Number (SSN) or similar identifier

Step 6 – Make Payment and Receive Crypto

Once you complete the payment, the provider processes the transaction and transfers the crypto you purchased crypto directly to your Tangem wallet address. Processing times vary depending on the blockchain network, but typically take a few minutes to a few hours.

That's it — you've successfully bought cryptocurrency in the USA using Tangem. The coins are now stored securely in your hardware wallet, protected from exchange risks and online theft.

Why Buy Crypto with Tangem?

• Direct to cold storage: No need to move funds from an exchange — your crypto arrives straight in your hardware wallet.
• Complete ownership: You control your private keys; Tangem doesn't hold or access them.
• Secure by design: Each card uses a certified security chip that keeps assets offline and safe from hacks.
• Ease of use: The Tangem app combines buying, storing, and sending crypto in one interface.

With Tangem, you can instantly buy Bitcoin in the USA or other assets while keeping them under your complete control — the safest way to enter the crypto market.

Best Crypto Exchanges in the USA (2025)

Here's a comparison of the top crypto apps in the USA and the top crypto platforms in the USA, showing what makes them ideal for different users in 2025:

How to Store Your Crypto Safely in the USA

Storing crypto securely matters more than almost anything else. To avoid risk, follow strong practices, such as securing your wallet and using only trusted devices.

Risks of Keeping Crypto on Exchanges

Leaving your assets on exchanges increases exposure. You face risks like:

• Hacking or data breaches
• Insolvency or bankruptcy (FTX collapse proved that even large platforms can fail)
• Regulatory intervention or seizure

These crypto exchange risks in the USA scenarios underline why you should control your private keys.

Types of Wallets

To store Bitcoin or other crypto safely, you need trustworthy wallets.

• Software wallets (hot wallets) are online and convenient for everyday transactions or small amounts. Popular options include MetaMask and Trust Wallet. When using hot wallets to secure your device, always enable two-factor authentication (2FA).
• Hardware wallets (cold wallets) keep your private keys offline, offering the highest level of security for long-term holdings or large balances. Among them, the Tangem hardware wallet stands out for its simplicity, NFC-enabled security, and seedless design, making it easy to carry and extremely safe from hacks. Other reputable cold wallets include Ledger and Trezor, which provide strong offline protection but may require more technical setup.

For comprehensive security, review best practices in securing your wallet to minimize risks and follow the latest guidance for storing digital assets safely.

Is Crypto Taxed in the USA?

Yes. The IRS explicitly taxes crypto under property rules. Knowing the USA cryptocurrency taxation and crypto tax in the USA rules helps you stay compliant.

Tax Rate and Rules

The IRS treats crypto as property. That means:

• When you sell, trade, or use crypto, you owe capital gains tax in the USA.
• If you hold an asset short-term (under one year), you pay ordinary income tax rates.
• If you hold for over one year, you qualify for long-term capital gains rates — generally 0%, 15%, or 20%, depending on your income.

You also must report crypto received as income (staking rewards, crypto mined, or crypto given instead of salary) on your income tax return.

How to Calculate Crypto Tax

You calculate gains or losses using cost basis, sale price, and holding period. For example, if you bought 1 BTC at $20,000 and sold it at $30,000 after 14 months, you would pay long-term gains on $10,000.

Tools like CoinTracker, Koinly, and TurboTax crypto support help you track transactions and cost basis and provide guidance for crypto tax filing in the USA. Keep all receipts, invoices, and trade records. If audited, you need proof.

Is Crypto Mining Legal in the USA?

Mining remains legal under federal law, though states regulate energy, environmental impact, and permitting.

Mining Regulations

States implement rules for energy usage, zoning, and environmental compliance. Some states encourage mining via tax incentives, while others restrict it. Key mining hubs include Texas, Kentucky, and North Dakota, where energy costs and regulatory climates support large mining operations.

How to Mine Crypto in the USA

To mine Bitcoin in the USA, you need:

• Hardware: ASICs for Bitcoin; GPUs are more common for altcoin mining
• Mining farms or small rigs
• Connection to mining pools in the USA, like Foundry USA, Antpool, or F2Pool

You must factor in electricity costs, maintenance, and permitting. Many miners seek renewable sources to reduce costs and impact.

How to Buy NFTs in the USA with Tangem

NFTs attract interest for art, collectibles, and digital goods. Once you have crypto in your Tangem hardware wallet, you can easily buy NFTs in the USA.

Step 1 – Enable NFT Support

Open the Tangem app and activate NFT support to view and manage your collection directly in your wallet.

Step 2 – Choose an NFT Marketplace

Pick a trusted platform like OpenSea, Rarible, or SuperRare.

Step 3 – Connect Tangem via WalletConnect

On the marketplace, click “Connect Wallet” → “WalletConnect” and approve the connection in your Tangem app.

Step 4 – Buy and Confirm

Browse collections, select an NFT, and click “Buy Now.” Ensure you have enough ETH, SOL, or MATIC to cover the price and gas fees. Confirm the transaction in the Tangem app and tap your card to authorize. Your NFT will appear in your Tangem wallet once the blockchain confirms the purchase. Ethereum gas fees can be high, so consider using Polygon for lower costs.

Remember that NFT tax USA rules may apply when you sell or profit from NFTs — the IRS often treats gains as capital gains, and you may owe taxes when you convert to USD or use them for purchases.

Future of Crypto in the USA

Looking ahead, crypto's future in the USA promises opportunity and change.

• Regulation trends: The SEC continues pursuing cases against unregistered token issuers. On the positive side, more Bitcoin ETF approvals create institutional trust.
• Institutional adoption: Big asset managers like BlackRock, Fidelity, and others invest in crypto infrastructure, and banks and financial institutions consider crypto services.
• CBDC and innovation: Policy makers debate practical designs for a digital dollar, considering privacy, cross-border implications, and monetary stability. Research and pilot programs continue.

These developments shape USA cryptocurrency adoption across finance, payments, and tech.

FAQ about Crypto in the USA

Is Bitcoin legal in the USA?

Yes. Agencies such as the SEC, CFTC, and IRS regulate Bitcoin under the law..

Do you pay tax on crypto in the USA?

Yes. You report gains or losses when selling, trading, or spending crypto. Crypto tax rules apply similarly to property tax.

Can you mine cryptocurrency in the USA?

Yes. Mining remains legal, subject to state energy, environmental, and permitting rules.

What is the best crypto exchange in the USA?

It depends on your priorities. If you want compliance, Coinbase or Gemini may appeal; if fees or altcoins matter, Binance.US or Kraken may be better.

Final Thoughts

Crypto in the USA offers immense opportunities for investors, creators, and users, but only when you understand the rules, risks, and best practices. You can confidently participate by choosing compliant exchanges, using Tangem's secure hardware wallet solution, staying aware of tax implications, and following regulations. As institutions grow, regulations evolve, and innovation continues, 2025 will mark another pivotal year for cryptocurrency in the USA.