Is buying crypto in NY legal? Is it Legal to Buy Cryptocurrency in NY? Yes! It is legal to buy cryptocurrency in New York, it is simply not legal to operate a crypto company doing business in New York without holding a valid BitLicense.
What crypto is allowed in NY? Bitcoin Cash (BCH) Ethereum (ETH) Gemini Dollar (GUSD) Litecoin (LTC)
Why is crypto trading not allowed in NYC? New Yorkers can create coins through the mining process, but they can’t trade them on an exchange because the state requires any crypto trading platform to have a BitLicense to operate there.
Is Coinbase allowed in NY? Coinbase. Coinbase is a trusted Bitcoin exchange located in the US. It also has a Bitlicense, meaning it can operate in New York. New York residents can buy bitcoin fast on Coinbase using bank account, wire transfer, ACH or debit card.