5 New York Crypto Exchanges to Buy Bitcoin

A list of ways to purchase bitcoin in New York.


Exchange Support


Exchange Name Support for New York
Gemini Yes
Coinbase Yes
Kucoin No
Binance No
Crypto.com No
Voyager No
Webull No
Kraken No
Bittrex No
Bybit No
Robinhood Yes



Frequently Asked Questions



If I Bought Bitcoin

See how much you would have made if you bought Bitcoin in the past.






Transaction Fees

A look at the transaction fees for each exchange, both spread and commission.

  • Spread fee: Exchanges may charge a higher price than the actual price of Bitcoin.
  • Fee: Exchange fee for the transaction.
  • Total fees: The sum of the spread fee and the fee.
Exchange Spread Fee Fee Total Fees
RobinhoodRobinhood 0.55% 0.0% 0.55%
GeminiGemini 0.5% 2.99% 3.49%
CoinbaseCoinbase 1.0% 2.99% 3.99%

Actual fees may vary. Fees are subject to change. Fee estimates based on our research and testing. Some exchanges may charge less depending on volume.


Estimated Fees on $100

An estimate of the fees for buying $100 worth of Bitcoin using a bank account.

Exchange Total Cost on $100
RobinhoodRobinhood 0.55
GeminiGemini 3.49
CoinbaseCoinbase 3.99


History of Bitcoin in New York

New York has been at the forefront of Bitcoin regulation in the United States. In 2015, the state introduced the BitLicense through the New York Department of Financial Services (NYDFS), becoming the first state to create a comprehensive regulatory framework for Bitcoin businesses. While controversial, this framework has provided clear guidelines for Bitcoin companies operating in New York.

New York City has emerged as a major Bitcoin hub, with numerous Bitcoin companies establishing headquarters in Manhattan. The state has also been home to significant Bitcoin developments, including the launch of regulated Bitcoin futures trading on the New York Stock Exchange in 2018.



Financial & Regulatory Licenses

Exchange Licenses & Regulation
RobinhoodRobinhood FinCEN as a money services business. U.S. SEC as a broker-dealer.
CoinbaseCoinbase Chartered by New York State Department of Financial Services for virtual currency.
Coinbase AdvancedCoinbase Advanced Chartered by New York State Department of Financial Services for virtual currency.
GeminiGemini New York State Department of Financial Services (NYDFS).
ATM RadarATM Radar This is a map only. Please check with individual ATM operators for their regulatory status and licenses.


Deposit Fees

These are fees exchanges may charge for deposits. Fees are subject to change.

Exchange Deposit Fees
Coinbase AdvancedCoinbase Advanced ACH: Free
Wire: $10 USD
SEPA: €0.15 EUR
SWIFT: Free
CoinbaseCoinbase ACH: Free
Wire: $10 USD
SEPA: €0.15 EUR
SWIFT: Free
GeminiGemini ACH: $0
Wire: $0
SEPA: $0
SWIFT: $0
RobinhoodRobinhood ACH: $0
SWIFT: $0



Bitcoin Scams in New York

New York has seen several major Bitcoin fraud cases. In 2019, the Manhattan-based Centra Tech, co-founded by Sam Sharma, raised $32 million through a fraudulent Bitcoin investment scheme. The company falsely claimed partnerships with Visa, Mastercard, and Bancorp, and fabricated executive team members to lure investors.

The New York Attorney General's office actively investigates Bitcoin fraud and has taken aggressive action against unauthorized platforms. In 2021, the office reached a $18.5 million settlement with Tether and Bitfinex over allegations of Bitcoin market manipulation. New York residents are strongly advised to work only with BitLicensed entities and to verify all Bitcoin investment opportunities with the NYDFS.



Mobile App Support

Exchange iOS App Android App
RobinhoodRobinhood
CoinbaseCoinbase
Coinbase AdvancedCoinbase Advanced
GeminiGemini


Earn Interest & Rewards

The following table shows interest rates offered by exchanges.

Exchange Interest Rate & Details
CoinbaseCoinbase 4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
Coinbase AdvancedCoinbase Advanced 4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.




Exchange snapshots

Robinhood

Visit Exchange
Robinhood snapshot
Minimum Deposit $1
iOS app score 4.2
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.2
Official rating from the Android Play Store as of November 18, 2024.
Deposit Methods ACH, Debit Card, Bank Account, Wire Transfer
Review Read our review

Coinbase

Visit Exchange
Coinbase snapshot
Minimum Deposit $1
iOS app score 4.7
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.6
Official rating from the Android Play Store as of November 18, 2024.
Deposit Methods ACH, Wire Transfer, Debit Card, Bank Account, PayPal, Apple Pay, iDEAL, SEPA, Interac e-Transfer, Instant Verification, Google Pay
Review Read our review

Coinbase Advanced

Visit Exchange
Coinbase Advanced snapshot
Minimum Deposit $1
iOS app score 4.7
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.6
Official rating from the Android Play Store as of November 18, 2024.
Deposit Methods Same as Coinbase

Gemini

Visit Exchange
Gemini snapshot
Minimum Deposit $1
iOS app score 4.8
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.2
Official rating from the Android Play Store as of November 18, 2024.
Deposit Methods ACH, Bank Account, PayPal, Apple Pay, Debit Card, Google Pay

ATM Radar

Visit Exchange
ATM Radar snapshot
Minimum Deposit Each ATM will have a different minimum deposit amount.
iOS app score 4.5
Official rating from the iOS App Store as of November 18, 2024.
Android app score 4.5
Official rating from the Android Play Store as of November 18, 2024.
Deposit Methods Cash