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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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
There are over a dozen Bitcoin ATMs in New York, however most are buy-only and very few allow users to sell the virtual currency. The average commission is 12 percent but some may be cheaper or more expensive. Most ATMs are concentrated in Manhattan but you will also find some in Brooklyn, Queens, and New Jersey.
Mining activity in the state is pretty high and some places are mining Bitcoin worth thousands including a power plant that mines about $50,000 worth of Bitcoin per day. It uses excess energy to get the job done. It's believed that this initiative can attract investors and improve the energy sector.
The most popular Bitcoin exchange in the state is the Bitcoin Center NYC founded in 2013 by Nick Spanos. Several politicians including Maine State Senator Eric Brakey and former Congressman Steve Stockman have visited the building to lend their support for Bitcoin and other cryptocurrencies.
The state created a Cryptocurrency Task Force that looks after cryptocurrencies and ensures they’re properly regulated.
Businesses in NY currently need a BitLicense to offer services related to cryptos including buying and selling virtual currencies. The license, designed and introduced by Benjamin Lawsky, is issued by the New York State Department of Financial Services.
It can be quite costly to get the license, which is why many businesses exclude New York from the states they serve. However, with politicians in NY looking at cryptocurrencies to fund campaigns, laws may become less stringent.