Trying to on-ramp in NY? (Turn US dollars into cryptocurrency)
Pt1. Centralized Exchanges.
In order for an exchange to operate in NY, it must hold a “bitlicense”. This excludes many of the best crypto exchanges from operating within the state.
Two of the most popular companies who have complied with this requirement are Coinbase and Gemini. Both offer easy on-ramping via ACH transfer, credit/debit cards, or wire transfer. Different fees are associated.
This is a good start for beginners. But remember to set up a non-custodial wallet. It is recommended to possess the private keys of the crypto assets you own.
NewYorkCrypto / Erik
npub1qs…lst66
2023-05-07 20:55:24
Author Public Key
npub1qsv6qrun30duftf8cth4fde5nfd4yu54g2zlm25ltu0ygkak2rmsnlst66Seen on
wss://relay.noswhere.comPublished at
2023-05-07 20:55:24Event JSON
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"content": "Trying to on-ramp in NY? (Turn US dollars into cryptocurrency)\n\nPt1. Centralized Exchanges.\nIn order for an exchange to operate in NY, it must hold a “bitlicense”. This excludes many of the best crypto exchanges from operating within the state. \n\nTwo of the most popular companies who have complied with this requirement are Coinbase and Gemini. Both offer easy on-ramping via ACH transfer, credit/debit cards, or wire transfer. Different fees are associated.\n\nThis is a good start for beginners. But remember to set up a non-custodial wallet. It is recommended to possess the private keys of the crypto assets you own.",
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}