Are you a New York citizen looking for the most prominent ways to get your hands on crypto? There are various opportunities you can take advantage of in terms of local Bitcoins, online trading apps, and Bitcoin ATMs. Down below, we are going to show NY residents how to utilize each of the above-mentioned resources to great effect.
Local Bitcoins
LocalBitcoins is a popular website that provides a completely decentralized environment for crypto buyers and sellers. This means that you can purchase or sell your digital coins to complete strangers from all parts of the world without being intervened by any kind of governmental institution. Generally, the process looks like this – sellers decide the specific terms for their trade including payment methods, rates, and some other details. In case buyers are satisfied with their provided terms, they will show interest in purchasing their digital coins, and this exchange can be executed within a few minutes.
If you visit the website, you see that there are a couple of people willing to sell Bitcoin and other cryptos in New York. They offer a wide range of payment methods such as PayPal, Transferwise, Payoneer, Zelle, and so on. So, if you want to buy cryptos as a New York resident on this webpage, LocalBitcoins will make sure to lock digital coins which you have purchased in escrow until you confirm receipt of your fiat payment. Hence, it is a pretty reliable way to get your hands on cryptos since there are advanced security measures on LocalBitcoins!
Online Trading Apps
What’s more, you have a chance to opt for online trading apps in New York as they become more and more popular all over the world. This is due to a simple reason – smartphones are the most frequently used devices, so we need a suitable trading environment there! As a New Yorker, you can try these crypto trading apps in order to enjoy successful trading!
You can try out Pionex which provides 16 in-built trading bots that are free to use, so automated trading will be as easy as ever in this app. Also, it comes with low trading fees on every payment you process, and most importantly, you will take advantage of the highest average returns when it comes to crypto staking. The user-friendly interface helps every novice trader effortlessly navigate and use this app on both iOS and Android operating systems.
Bitsgamp has offered high-class services to customers since 2011. This app can also be accessed by both iOS and Android users, and they have the possibility to carry out various tasks including trading, investing, sending, receiving, and holding up to 50 cryptos. Moreover, the Bitsgamp app lets you use a wide range of payment methods and take advantage of low trading fees.
Binance is considered the biggest platform in terms of trading volumes and liquidity since you will run into more than 500 cryptos and tokens. What’s more, this app offers one of the lowest trading fees in the market, making it an excellent choice for novice traders. You can buy Bitcoin, Ethereum, Binance Coin, SHIB, and many other digital coins on this platform. However, keep in mind that New York residents can only use the Binance.US app since the main program is solely for non-U.S citizens!
Bitcoin ATMs
Bitcoin ATMs are another perfect resource in order to purchase digital coins offline in New York. As of today, there are a total of 46 Bitcoin ATMs in this city where you can utilize both debit cards and cash money to buy Bitcoin. This process of purchasing digital coins in ATMs is pretty much like the normal withdrawals you go through in standard ATMs.
First of all, you need to have a Bitcoin wallet since you are going to need a QR code in order to scan in the ATM. Secondly, you have to look for the nearest options where you can find Bitcoin ATMs in New York. The next step is scanning your QR code in order to inform the machine where to receive Bitcoin. After that, you have to insert your cash or debit card and confirm the amount to complete your purchase. Usually, it takes 10-30 minutes for Bitcoins to be available at the address you have provided.
All in all, New York residents have several opportunities if they wish to get their hands on cryptos. LocalBitcoins is a reliable method since there is no governmental organization involved in this process, and you can purchase Bitcoins directly from strangers on the internet via various payment methods. Also, online trading apps offer high-quality services in terms of trading processes, so if you wish to trade Bitcoin and other digital coins, you have a lot of options there. Lastly, if you wish to buy Bitcoin offline, there is a total of 46 Bitcoin ATMs in New York where you can use cash and debit cards in order to execute this process.