5 New York Crypto Exchanges to Buy Bitcoin
A list of ways to purchase bitcoin in New York.
Robinhood
Popular and well-known exchange based in the USA. Buy & trade with ACH transfers. Also offers U.S. Bitcoin ETFs like IBIT and FBTC.
Coinbase
Popular and well-known exchange based in the USA. Buy & trade with ACH transfers.
Coinbase Advanced
Coinbase's Advanced Exchange. Best for lower fees than Coinbase Simple and for more advanced order types.
Gemini
Popular and well-known exchange based in the USA.
ATM Radar
A map that allows you to find Cash to Bitcoin ATMs in any location in the world.
Table of Contents
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 |
---|---|---|---|
Robinhood | 0.55% | 0.0% | 0.55% |
Gemini | 0.5% | 2.99% | 3.49% |
Coinbase | 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 |
---|---|
Robinhood | 0.55 |
Gemini | 3.49 |
Coinbase | 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 |
---|---|
Robinhood | FinCEN as a money services business. U.S. SEC as a broker-dealer. |
Coinbase | Chartered by New York State Department of Financial Services for virtual currency. |
Coinbase Advanced | Chartered by New York State Department of Financial Services for virtual currency. |
Gemini | New York State Department of Financial Services (NYDFS). |
ATM 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 Advanced |
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
Coinbase |
ACH: Free Wire: $10 USD SEPA: €0.15 EUR SWIFT: Free |
Gemini |
ACH: $0 Wire: $0 SEPA: $0 SWIFT: $0 |
Robinhood |
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 |
---|---|---|
Robinhood | ||
Coinbase | ||
Coinbase Advanced | ||
Gemini |
Earn Interest & Rewards
The following table shows interest rates offered by exchanges.
Exchange | Interest Rate & Details |
---|---|
Coinbase |
4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
|
Coinbase 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
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
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
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
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
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 |