The KuCoin Cryptocurrency exchange is easy to use, but the Fast Buy function didnt work for me. I live in queens 2nd floor, house. Unlike all US residents, New York residents cant use Kucoins trading platform. I tested every server I tried and averaged 40Mbps. Rewards will be provided to users who inform us of the above. Best Crypto Signals (Telegram & Discord) Are Crypto Groups Worth It? It just means they are limited to withdrawing only 2 Bitcoins per day. Head to the KuCoin Exchange for 24/7 live updates of OP/USD prices and the ability to buy/sell crypto quickly. CopyRight 2017 - 2023 KuCoin.com. Cryptocurrency exchanges are permitted to conduct business in New York as long as they have a valid BitLicense. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Different exchanges and platforms available to New York residents support different crypto coins and tokens.Regulations in New York limit the coins and tokens you can purchase. Im sure theres more of us out here than it seems. Despite its popularity, KuCoin is not widely available in the United States. Coinbaseis the most popular crypto exchange in the U.S. and is available to New York residents. The customer support representative told me that they are aware of how risky it would be for people who buy bitcoin with cash since law enforcement could track them down and seize their money. How To Send Cardano From Ledger Nano S To Bittrex, How To Transfer Tokens From Kucoin To Metamask, How To Do Your Kucoin Taxes In A Simple And Straightforward Way. Step 3: Place an order. Huobi and KuCoin, two of the world's largest crypto exchanges, have reportedly continued to provide services to customers of sanctioned Russian banks. Save my name, email, and website in this browser for the next time I comment. The reason why people are looking to use kucoin is its massive list of supported coins. In addition to bank transfers, SEPA transfers, international wire transfers, and credit cards, deposits can be made online. Optional, only if you want us to follow up with you. The KuCoin platform was designed for investors of all types, with 24/7 world-class services in your preferred channel and language. These cookies ensure basic functionalities and security features of the website, anonymously. Im trying to do that lol. The BitLicense establishes high standards for all exchanges and cryptocurrency service providers in the state. Accepts USD, EUR, GBP and CHF. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. A nonverified user also does not get support from Kucoin if something indecent happens to their assets. Bethany Hickey is a personal finance writer for Finder who specializes in lending. Coinbase, FTX, and Gemini are three of the most popular cryptocurrency exchanges, but KuCoin has a large number of alternative cryptocurrency assets that are not listed on any of these exchanges. We may receive payment from our affiliates for featured placement of their products or services. The ONLY way to find this out is through customer support which entails hours of waiting. As always, DYOR and this is not financial advice or a shilling of any particular company or coin. If you want to access Kucoin from New York, you will need to use a VPN. Rather than using an exchange, we can use crypto brokers to DCA using a different fee system called a spread. Most platforms in this category are not available to NY state residents, but I have found three that have worked decently well: This platform is relatively new, and offers crypto brokerage services similar to that of Voyager or Uphold (both of which are not available in NY state as of the time of posting). Advertisement. For the same reason, other companies are not available: because of the special regulatory license that is hard to get. The reason is that Kucoin does not have a bitlicence from the new york government. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com. Nexo is similar to Celsius Network in that it can provide crypto lending services and take out loans. WE DONT NEED REGULATIONS DUMBASSES! 13% of men own Bitcoin compared to 3% of women. However, users have to do so through third-party apps or pay by credit card via the websites instant payment gateway option which usually comes at expensive fees due to its high processing cost for each transaction type compared to other platforms out there currently operating in this industry today. If you are looking for how to buy Bitcoin in New York, then Coinbase is a great solution. So I made a Kucoin account years ago without knowing that it wasn't allowed to be used in NYS (not sure if it wasn't at the time or just isn't any longer). **NOTES**New Yorkers do NOT verify your identity on KuCoin. Users in the U.S. can sign up for a KuCoin account, but they dont have access to all of the features. Nexo offers lending for the following crypto in NY state: BTC, ETH, XRP, USDT, USDC, PAX, TUSD, DAI, HUSD, BCH, LTC, EOS, BNB, XLM, PAXG, LINK, TRX. The company ceased its operations in the state in 2015, directly following what they termed the abominable BitLicense. Coinbase is a trusted Bitcoin exchange located in the US. Staking requires you to lock your funds for a given period to earn interest. A man was arrested at JFK airport as he attempted to board a flight back from Ukraine with thousands of credit card numbers he had obtained fraudulently. The Department of Financial Services in the state of New York regulates the trading of virtual currency. Exchanges in New York are ideal for purchasing ethereum. I want to discuss some of the best places to buy, sell, and earn interest on your crypto in the Empire State, since there are no updated guides to navigating crypto in NY. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society. The only way to use Kucoin in new york and enjoy trading the coin you love is to do it without KYC. You can buy Shiba Inu (SHIB) on multiple exchanges and brokerages in New York, such as Robinhood, Coinbase and Gemini. He gained professional experience as a PR for a local political party before moving to journalism. Im no tax expert but i believe you have to claim/report them yourself. Deposits can be made via wire transfer, SEPA or ACH transfer. Currently, a cryptocurrency business in New York is required to get a BitLicense if it: Many startup crypto exchanges looking to plant roots in New York struggle due to the cost and time involved in getting a BitLicense. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Payment can then be made through a card, and the Bitcoin is sent to your digital wallet. This is the easiest and cheap way to withdraw funds from kucoin to your bank account. Also looking to get my usdt unstuck in my outside of the state. New users can get up to $500 in the Beginner Zone! "According to one member state, the DPRK total theft of virtual assets, from 2019 to November 2020" was approximately $316.4 million, the report said. Digital assets are volatile and risky, and past performance is no guarantee of future results. KuCoin is the exchange for you. There is also anetwork fee to withdrawyour crypto to an external wallet. PIAs only drawback is that it is based in the United States, where data sharing laws are strict. Start trading to get up to $500 in Mystery Box prizes! South Dakota may have regulations on crypto, learn how to buy cryptocurrency legally in South Dakota. I invested way before the lawsuit. Nearlyany ERC-20 tokens on the market are up for grabsusing this method. If this worries or inconveniences you at all though its certainly nothing out of the ordinary since many exchanges dont have licenses either! Anothercrypto-only platform, SimpleSwap makes things easy by simplysending your crypto to a given wallet address, and receiving the equivalent value of another crypto of your choice to the wallet address you provide. And if you are still interested in using Kucoin in New York, there is a risky way to do this. From my experience, you have two options: At the time of posting, you are able to buy and sell the following crypto in NY state: BTC, ETH, BCH, LINK, LTC, XLM, ALGO, ZRX, BAT, CGLD, CVC, ATOM, DAI, MANA, ETC, NU, OMG, OXT, ZEC, USDC. Why is crypto trading Not available in New York? 8. Finder makes money from featured partners, but editorial opinions are our own. Accidentally used Kucoin in New York State (Help?) But you can't withdraw crypto funds from your Robinhood account. We assume the participants in our survey represent the US population of 259.4 million Americans who are at least 18 years old, according to the world population review estimate. Behind KuCoin are two tech geeks who were early blockchain adopters. Recently, the exchange has begun to expand its services to include fiat currencies. The platform is currently taking steps to obtain a BitLicense so that it can serve New York residents in the future. This will allow you to bypass any restrictions that are in place in New York. How To Send Crypto From the US To Mexico Using Coinbase. Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. App Store Android APK KuCoin by Your Side 24/7 Customer Service Only 3% of adults 65+ responded currently owning Bitcoin. Soft-staking is simply leaving the coin in their staking wallet to earn interest. That is why Kucoin (and Gate.io) are two of the most popular smaller exchanges among real crypto nerds. I find it suspicious and I'm curious if anyone has any experience or knows any details about New York residents trading Alt-Coins through KuCoin. hardware wallet is widely accepted as the best way to improve the security of your funds. I purchase with a debit card every day, and only have to pay the 2% fee at the time of purchase, then immediately withdraw for free. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by This new listing . 32 East 31st Street, 4th Floor, Bitcoin can be sent from user to user through the peer-to-peer network without the need for intermediaries. More posts from the kucoin community. and our You are also able totake out a loan using your crypto as collateral. Gox, he discovered that what was the world's largest . By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. You will be able to access KuCoin from anywhere in the world using a reliable VPN. New York state is one of the hardest states in the US to get involved in cryptocurrency, thanks to the Bitlicense. This is due to the fact that the New York State Department of Financial Services requires companies that conduct virtual currency business activity to obtain a BitLicense. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. However, you may visit "Cookie Settings" to provide a controlled consent. Robinhood is planning to launch Bitcoin wallets as soon as it can. CashApp makes it very easy to DCA into BTC and with near-immediate withdrawals. Coinbase users can also head to the Coinbase Earn section of the site and earn over $10 in free digital currencies by completing a few short quizzes. Please note that some links on CaptainAltcoin.com are affiliate links. It is a great place to buy, trade, stake, mine, loan, lend, bot trade, etc., crypto. Plus, they are always among the first exchanges to list low-cap gems yet to explode in price (usually once they are listed on Coinbase or Binance). Hey, great summary! You can use CyberGhosts strong security features to keep your crypto wallet safe. Then I will make it clear that Kucoin does not have a license to operate in new york. After an account has been created, these are the required steps to purchase SHIB: Send funds of either BTC, ETH, or another accepted currency to KuCoin from Coinbase On KuCoin, move the funds.