How to get Crypto in NY : Bitcoin

Hello, fellow New Yorker here.

You have three solid options.

I won’t list any place that you can buy but NOT withdraw because that isn’t crypto.

Coinbase (I’ve been banned here since 2015 due to a bank mishap and they have refused ever since to reinstate my account).

Thanks so much this is perfect a good list of crypto websites, but do they all take money from you when you try to buy Bitcoin or any crypto? (that’s just me assuming that’s their way to make money off of this)

There are also sellers in NY that list their ads/offers on P2P trading exchanges:

This is great. I have been looking for a comprehensive list like this for a while.

Cryptocurrency exchange Bittrex was denied a BitLicense in the US state of New York, necessary to do business with parties residing in this state. Now, the question remains: where will the 35,000 New York-based users go next? Five other cryptocurrency exchanges holding the license may also hold the answer.

A BitLicense is the common term used for a business license of cryptocurrency activities, issued by the New York State Department of Financial Services (NYSDFS) under regulations designed for companies. This license is not solely reserved for cryptocurrency exchanges, but all companies dealing with cryptocurrencies – thus, even real-time gross settlement system and remittance network Ripple holds a BitLicense in order to operate in NY.

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California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services.

California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3.

SoFi is now one of 24 crypto-related firms that have obtained a BitLicense since 2015, Bloomberg Law’s crypto reporter Lydia Beyoud tweeted the same day.

Specifically, SoFi has acquired two licenses — a virtual currency license (BitLicense) and a money transmitter license — that will allow SoFi Digital Assets to offer crypto trading services to its New York customers.

Bittrex announced this week that New York State users will have to close their accounts by June 9, 2018 due to regulatory issues. “We regret to notify you that Bittrex will be ceasing all operations for New York residents,” Bittrex said via email on April 10, 2019. “All trading for New York customers will be halted on April 11, 2019 at close of business (COB) with all account access disabled on June 9, 2019 at COB.”

Thus the days of trading multiple alternative coins (a.k.a.

the “Sh*tcoin Era”) has fallen predictably flat.

It’s time to pour one out for the end of this phase.

Unlike other cities a majority of the crypto ATMs in New York city are buy only, you can’t sell cryptocurrencies at them, and they only support Bitcoin. Perhaps this is due to New York’s onerous financial regulations.

The typical commission fees is about 12%, however, there are a couple of exceptions. Almost all of the ATMs are located in Manhattan, especially upper Manhattan, with just a couple located in Queens, Brooklyn, the Bronx and New Jersey.

The first ATM on our list is by far the best as it supports a number of coins and has a lower trading fee than many of the other ATMs.

Located in the Bronx, at 904 Morris Ave, the Orion Electronic Crypto ATM is one of the best in New York. Their exchange fee, compared to other ATMs, is very reasonable.

(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Boston-based Fidelity Investments became one of the early believers in the future of blockchain and cryptocurrency, going so far as to launch a subsidiary company Fidelity Digital Assets. This branch of the major Investment company has now been granted a license by New York’s financial regulator.

The license allows the company to offer its cryptocurrency trading and custody services to companies based in the State, something that has not been easy to do in the past. New York and its notorious BitLicense, the common term used for a business license of virtual currency activities, issued in the State, have caused many crypto-focused businesses to look elsewhere.

However, this has left a rather large gap in a prime market for cryptocurrency businesses.

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