Buy Bitcoin & Crypto in New York

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Don't have a wallet? Read our guide on the best Bitcoin & cryptocurrency wallets.

  • Popular Exchanges to Buy Bitcoin & Crypto in New York
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • Coinbase Pro
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees
    • Run by Coinbase
  • Gemini
    • Clean platform for advanced traders
    • Supports all US states
    • Trusted exchange

CoinbaseCoinbase Buy Bitcoin Read Review

Coinbase is the world's largest Bitcoin (BTC) broker. They represent an easy and fast way for new users to purchase bitcoins. Coinbase supports customers in over 30 countries, including the United States, Europe (besides Germany), UK, Singapore, Canada, and Australia.

Customers in the above-mentioned countries can purchase bitcoins by debit card, bank transfer, SEPA transfer, and more.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with debit card
Cons
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CoinmamaCoinmama Buy Bitcoin Read Review

Coinmama allows customers in almost every country to buy bitcoin. They charge a 4.9%-5.9% (depends on volume) fee on each purchase.

Customers in Europe can also purchase bitcoins with SEPA transfer for a lower fee.

Want to buy using Coinmama? This step-by-step guide will show you how to use Coinmama.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

CEX.ioCEX.io Buy Bitcoin Read Review

CEX.io lets you buy bitcoin with a credit card, ACH bank transfer, SEPA transfer, cash, or AstroPay. Purchases made with a credit card give you access to your bitcoin immediately. CEX.io works in the United States, Europe, and certain countries in South America.

We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

Coinbase ProCoinbase Pro Buy Bitcoin Read Review

Coinbase's exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.

We may receive compensation when you use Coinbase Pro. Please visit Coinbase Pro for its exact pricing terms.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

KrakenKraken Buy Bitcoin Read Review

Founded mid-2011, Kraken is the one of the world's largest cryptocurrency exchanges, and the largest in Europe based on daily average trading volume. It is available in almost all countries. Deposits can be made via bank wire, SEPA, ACH and SWIFT.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin Read Review

GeminiGemini Buy Bitcoin

Gemini is a New York-based Bitcoin exchange, open to residents of the United States, UK, Canada, Hong Kong, Japan, Singapore and South Korea. Deposits can be made via wire transfer, SEPA or ACH transfer.

Pros
  • Trustworthy and regulated exchange
  • Instant deposit lets you buy coins quickly (but not withdraw them)
  • Some of the lowest fees in the US and Canada
Cons
  • Somewhat confusing to use for new buyers
  • Not yet available in all US states
Ease of Use
Hard
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Trusted
Limits
High
Buy Bitcoin

LocalBitcoinsLocalBitcoins Buy Bitcoin Read Review

LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. Users may advertise trades for whichever payment method they prefer.

Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country, including the United States, Europe (besides Germany), UK, Singapore, Canada, Australia and many more.

We may receive compensation when you use LocalBitcoins. Please visit LocalBitcoins for its exact pricing terms.

Pros
  • Can be private, fast and easy
  • In-person trades require no personal information
  • Purchases of bitcoin can be made quickly via cash deposit
Cons
  • Beware of scams; always follow the rules!
  • Harder to buy large amounts of bitcoins compared to large exchanges
  • Slightly to significantly higher prices than regular exchanges; premium for higher privacy
Ease of Use
Hard
Privacy
High
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

BitQuickBitQuick Buy Bitcoin Read Review

BitQuick is one of the fastest ways to buy bitcoins in the United States using cash deposit. Users can browse a wide range of offers at various prices. Once a desired offer is found, buyers visit a bank to make a cash deposit into the seller's account. Buyers then usually receive their bitcoins within an hour.

We may receive compensation when you use BitQuick. Please visit BitQuick for its exact pricing terms.

Pros
  • One of the fastest ways to buy bitcoins
  • More physically secure than other cash payment methods as one pays the money to a bank teller
Cons
  • 2% fees for buyers are somewhat high for cash trading
  • Prices vary and can be much higher (or even lower) than the current Bitcoin price
Ease of Use
Average
Privacy
High
Speed
Fast
Fees
Average
Reputation
Trusted
Limits
Average
Buy Bitcoin Read Review

Bitcoin ATMsBitcoin ATMs Buy Bitcoin

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they're also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.

Pros
  • Our map makes it super easy to find a Bitcoin ATM near you
Cons
  • Bitcoin ATMs often have 5-10% fees per purchase
Buy Bitcoin

New York can lay a convincing claim to be the center of world finance. Certainly, the city is the undisputed capital of American banking and business. Wall Street is synonymous with a certain type of financial wheeling and dealing, glorified and condemned, often at the same time, in movies such as Wall Street (1987) and The Wolf of Wall Street (2013).

These films memorialize a period at the end of last century when Wall Street was run by real traders commanding an army of bankers, brokers, and analysts, even if this upper echelon was hidden away from view in -fiftieth-floor offices and restaurant back rooms.

In the last twenty years, the industry has changed markedly. Now, the majority of trades are executed not by the Jordan Belforts and Bud Foxes of this world, but by HFT (high-frequency trading) algorithms.


The introduction and rapid rise to dominance of these algorithms has brought many changes to the old-school organization of Wall Street. Over 70% of all trades on U.S. stockmarkets are performed by HFT algorithms, a number which can spike above 90% in periods of high volatility.

With the face of finance changing so rapidly over the last two decades, you may think that the New York establishment would be open to new ideas, new technologies, new forms of money.

Yet the front-foot approach that New York's financial regulators has taken makes things difficult for many New Yorkers looking to get into crypto.

Additionally, perhaps because of the importance of New York's legacy financial system, the state's Attorney General office has taken it upon themselves to prosecute any instances of potential fraud, whether or not the operations are located in New York state.

Initiatives such as the BitLicense - which we will take a look at in a minute - mean that exchanges and cryptocurrency service providers are highly regulated. It could be argued that this protects New Yorkers from shady operators, or that it drives them to seek out other, less regulated providers. Your opinion will likely depend on your overall appetite for regulation.

The short answer is: yes.

As long as a company holds a valid BitLicense while doing business in New York or with New Yorkers then they are perfectly within the law to provide cryptocurrency services. This is exactly what the BitLicense was created for.

The first crypto company to receive a BitLicense was Circle - the company you may know as being in charge of the USDC stablecoin.

Since then, an additional 24 firms have received approval from the NYDFS, including well-known exchanges such as Gemini and Coinbase, as well as XRP II, Ripple's legal entity.

Some exchanges, however, Bitfinex and Shapeshift included, decided to terminate their New York-based operations, rather than applying for a BitLicense.

Criticisms were leveled at the heavy-handed approach to regulation that the NYDFS was taking and the lengthy application process for a BitLicense. Many feared that these two factors in combination would kill the grassroots growth that made Bitcoin truly decentralized.

While the NYDFS has signalled that it may be open to relaxing the terms of the BitLicense in order to draw talent and capital to the state, the regulations are still in full force for the time being.

Does Crypto.com Work in New York?

Crypto.com is available in 49 U.S. states. You can surely guess which state is the final holdout. Yep, you got it: New York.

We are now available in 49 states in the U.S. It was not easy to do, but we've done it. So everything besides New York basically is done and dusted. We don't have a date for New York. As you know, New York State is the most complicated state in the US to launch with the BitLicense and whatnot, so no immediate plans for New York.

Kris Marszalek CEO, Crypto.com

Does Coinmama work in New York?


Coinmama does work in New York, with some limitations.

New York is on Coinmama's list of U.S. states served by third parties. Also included on this list are:

  • Connecticut
  • Florida
  • Iowa

Coinmama will allow residents of these states to purchase crypto through third-party providers such as Simplex.



Existing users will be able to do this through their Coinmama account, while new users will complete signup and verification on the third-party platform, rather than on Coinmama itself.


Additionally, some states are unable to purchase at all through Coinmama or its third-party services.

Restricted states:

  • Hawaii
  • New Mexico
  • Oregon
  • Vermont
  • Washington

Restricted U.S. territories:

  • American Samoa
  • Guam
  • Northern Mariana Islands
  • Puerto Rico
  • United States Minor Outlying Islands
  • Virgin Islands

Residents of these states and territories are unable to use Coinmama at all.


Best Exchanges for Trading Crypto in New York

Despite the BitLicense and a number of major exchanges shutting down their NY operations, there are still a number of top-tier exchanges open to New Yorkers.

  • Popular Exchanges to Buy Bitcoin & Crypto in New York
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • "Instant Buy" option available with debit card
  • Coinbase Pro
    • Some of the lowest fees available for US and EU customers
    • Possible to buy bitcoins for 0% fees
    • Run by Coinbase
  • Gemini
    • Clean platform for advanced traders
    • Supports all US states
    • Trusted exchange

Another Option: Square's Cashapp

Cash App's parent company Square (helmed by Twitter CEO Jack Dorsey) obtained a BitLicense in 2018.

This means that New Yorkers can buy and sell Bitcoin through Cash App, which is one of the most beginner-friendly ways of doing it.

For more information, check out our full guide to buying Bitcoin with Cash App.

Is Kraken Available in New York?

Kraken is not available in New York. The company ceased its operations in the state in 2015, as a direct consequence of what they termed the "abominable BitLicense, a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth."

Kraken outlined its overall position regarding regulation of crypto firms and exchanges here.

How to Find Bitcoin ATMs in New York


The best way to find a Bitcoin ATM in New York is to use our handy map.

Here, you can filter by any of the most popular cryptocurrencies, find ATMs that support buying, selling, or both, and find stores and merchants that offer crypto services.