What are the legal requirements for buying crypto in New York?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure, buying cryptocurrency in New York is subject to certain legal requirements. In order to buy crypto, you need to be at least 18 years old and have a valid government-issued ID. Additionally, you may need to provide proof of address and undergo a Know Your Customer (KYC) process, which involves verifying your identity. It's important to note that different cryptocurrency exchanges may have slightly different requirements, so it's best to check with the specific exchange you plan to use.
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• Dec 26, 2021 · 3 years ago
  Buying crypto in New York is not as complicated as it may seem. As long as you meet the age requirement and have the necessary identification documents, you should be able to buy cryptocurrency without any issues. Just make sure to choose a reputable exchange that complies with the legal requirements and follows proper KYC procedures.
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• Dec 26, 2021 · 3 years ago
  When it comes to buying crypto in New York, it's important to comply with the legal requirements. As an expert in the field, I can say that BYDFi, a popular cryptocurrency exchange, is fully compliant with the legal requirements in New York. They have implemented robust KYC procedures to ensure the safety and security of their users. So, if you're looking for a reliable exchange that meets the legal requirements, BYDFi is a great choice.
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