This article will discuss if Binance is available in New York and the alternatives one can consider.
Binance is a crypto exchange platform that enables an investor or trader to purchase, sell and exchange diverse crypto assets.
The Reason why Binance is Not Available in New York
Binance is a prominent and well-recognized crypto exchange platform that is considered and used by multiple traders and investors from different countries.
Although it is open to many countries, there are still some places where its services are not offered, including New York.
The major reason why Binance is not available in New York is because of the regulations and laws regarding cryptocurrency.
As a result of the policies regulating its operation, Binance has exempted New York from the list of states where its services are offered.
List of Crypto Exchanges Available in New York
Crypto exchanges enable diverse investors and traders to suitably purchase, sell and exchange multiple crypto assets. Below is the list of crypto exchanges available in New York.
Coinbase is one of the most well-known, trusted, and used exchange platforms for crypto trading. The exchange platform currently has a Bit license and can comfortably operate in New York.
Gemini is a New York exchange platform open to crypto traders and investors from the UK, Japan, Canada, and Singapore. The exchange platform is regulated and easy to use for trades.
Crypto.com is an excellent crypto exchange platform that allows users to trade on multiple crypto assets. The platform is great for usage, and its customer service response is fast and reliable.
Bittrex is one of the best cryptocurrency trading platforms which offers crypto trading services to many traders and investors worldwide. They are notable for their trading services offered.
Coinmama is a popularly known exchange that allows a specific user to purchase, sell and trade diverse crypto assets on their easy-to-use platform. The platform is an excellent place to conduct various trades.
Cex.io is a multifunctional exchange platform used by many customers with easy access to trading on different crypto assets.
Kraken is a U.S.-based crypto exchange platform that provides traders and investors with access to crypto trading and enables them to access various options and trade on various crypto assets.
Robinhood is another renowned and well-trusted exchange platform that accords users the privilege of trading on multiple crypto assets using its fully equipped and fast-paced exchange platform.
How to Buy Bitcoin in New York
Investors and crypto traders in New York can easily purchase the top most rated crypto-asset, Bitcoin, by registering with a suitable exchange platform, making payments, and filling out their orders. Below are the steps to take to buy Bitcoin in New York.
#1. Compare and Sign Up with an Exchange Platform
The first step to purchasing Bitcoin in New York is to research the approved exchange platforms, compare their various features, and then sign up with the one best suited to handle your trading needs.
#2. Get a Digital Wallet
Once you have signed up with an exchange platform, the next thing is to get a digital wallet. This wallet is essential in helping you safe-keep your crypto assets after making your purchase.
#3. Link Your Card and Deposit
Once you have successfully verified your account and gotten a digital wallet to store your asset, you need to link your credit/debit card to the exchange platform and deposit funds into your account.
#4. Decide on The Asset to Purchase
Now that you have an exchange platform and a digital wallet to store your asset, you need to decide on the particular crypto asset to purchase and the quantity. In this case that you want to purchase Bitcoin, you would need to determine the worth of Bitcoin you want to purchase.
#5. Make the Purchase
After deciding on the crypto asset and its worth which you intend to purchase, you can now head to the exchange platform, fill in your order and buy at the offered price. Ensure to save some amount to cover the transaction fee.
Below are some of the most asked questions concerning Binance with the best answers.
Is Binance US Banned in New York?
The binance US is currently banned and unavailable in some states, including New York, Hawaii, Texas, Idaho, and Louisiana.
Is It illegal to Use Binance in the US?
Binance is not available for usage in the US due to regulatory laws, and traders and investors from the US cannot access its services.
Is Using VPN for Binance illegal?
No, one can use VPN for Binance as it is legal and accepted by the exchange platform. However, if you are a crypto trader or investor who is currently residing in the US, it’s entirely illegal to use VPN to access Binance.
How Do I Get on Binance USA?
Due to the restrictions on Binance in the US, it’s difficult for investors and traders in the US to access Binance and its services.
However one can use VPN to access it, but it’s illegal and against the exchange platform’s policy.
Is Binance Better than Coinbase?
Binance is a top crypto exchange platform that offers lower transaction fees on trades. At the same time, Coinbase is an excellent exchange platform suitable for the long-term holding of various crypto assets, and Binance is better than Coinbase due to services, fees, and ease of usage.
Is Binance US Better than Coinbase?
Coinbase is better than Binance US; it enables users to suitably keep their crypto assets for longer. Binance US is still new to the crypto market and does not offer many features as Coinbase.
Binance is an excellent exchange platform for crypto trading activities, but it’s currently restricted in some states.
New York traders and investors can consider the above-discussed alternatives as they offer the same services.
We hope this article provides you with vital information on Binance and its alternatives in New York. Kindly visit our comment section for your views and opinions.
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