As the most populous city in the United States, it’s no surprise that New York is a major player in the cryptocurrency space. With a population of over 8 million people, the “Big Apple” is home to a large number of cryptocurrency exchanges and businesses.
However, due to the strict BitLicense requirements, only a handful of exchanges are actually licensed to operate in the state of New York. These include Coinbase, Gemini, and bitFlyer USA.
Luckily, there are still plenty of ways to buy Bitcoin in New York. Here’s a look at some of the most popular options:
LocalBitcoins: LocalBitcoins is a peer-to-peer (P2P) Bitcoin marketplace that allows buyers and sellers to trade directly with each other. The platform is available in nearly every country around the world, including the United States.
Coin ATM Radar: Coin ATM Radar is a website that allows you to find Bitcoin ATMs in your area. Simply enter your location and Coin ATM Radar will show you all of the nearby ATMs that allow you to buy Bitcoin with cash.
Bitcoin MeetUPS: There are dozens of Bitcoin meetUPS happening every month in cities all around the world, including New York City. These meetUPS are great places to meet other Bitcoin enthusiasts and learn more about the technology.
You can find a list of upcoming meetUPS on the Bitcoin MeetUPS website.
While there are plenty of ways to buy Bitcoin in New York, it’s important to remember that investing in cryptocurrency is risky. Before making any investment, be sure to do your own research and consult with a financial advisor.