common-close-0
BYDFi
Trade wherever you are!

Are there any restrictions on buying crypto in New York for non-residents?

avatarBikitsosDec 25, 2021 · 3 years ago3 answers

I would like to know if there are any restrictions on non-residents buying cryptocurrency in New York. Can someone who is not a resident of New York legally purchase cryptocurrencies in the state? Are there any specific regulations or requirements that non-residents need to be aware of when buying crypto in New York?

Are there any restrictions on buying crypto in New York for non-residents?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    As of my knowledge, there are no specific restrictions on non-residents buying cryptocurrency in New York. Non-residents can legally purchase cryptocurrencies in the state, just like residents. However, it's always a good idea to check with the latest regulations and consult with a legal professional to ensure compliance with any local laws or regulations.
  • avatarDec 25, 2021 · 3 years ago
    No worries! Non-residents can freely buy cryptocurrencies in New York without any restrictions. The state does not differentiate between residents and non-residents when it comes to purchasing crypto. Just make sure to follow the general guidelines and regulations for buying and selling cryptocurrencies, such as using a reputable exchange and keeping your digital assets secure.
  • avatarDec 25, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, non-residents can buy crypto in New York without any restrictions. The state welcomes investors from all over the world to participate in the crypto market. Just make sure to comply with the KYC (Know Your Customer) requirements and follow the guidelines provided by the exchange. Happy trading!