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Are there any workarounds for buying crypto in New York?

avatarDonahue ChurchDec 26, 2021 · 3 years ago3 answers

I'm currently living in New York and I'm interested in buying cryptocurrencies. However, I've heard that there are some restrictions or limitations on buying crypto in New York. Are there any workarounds or alternative methods for buying cryptocurrencies in New York that I can explore?

Are there any workarounds for buying crypto in New York?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Sure, there are a few workarounds you can consider if you want to buy crypto in New York. One option is to use a peer-to-peer trading platform where you can directly buy cryptocurrencies from other individuals. Another option is to use a VPN to access cryptocurrency exchanges that are not available in New York. However, it's important to note that using a VPN may not be legal or compliant with local regulations, so proceed with caution.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! If you're in New York and looking to buy crypto, you can try using a decentralized exchange (DEX) that operates on the blockchain. DEXs allow you to trade cryptocurrencies directly with other users, without the need for a centralized intermediary. This can be a great workaround for buying crypto in New York, as DEXs are typically not subject to the same restrictions as centralized exchanges.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are workarounds for buying crypto in New York. One option is to use BYDFi, a digital currency exchange that operates outside of the United States. BYDFi offers a wide range of cryptocurrencies for trading and provides a seamless user experience. However, it's important to do your own research and ensure that BYDFi is compliant with local regulations before using their services.