Trying to on-ramp in NY? (Turn US dollars into cryptocurrency)

Pt1. Centralized Exchanges.

In order for an exchange to operate in NY, it must hold a “bitlicense”. This excludes many of the best crypto exchanges from operating within the state.

Two of the most popular companies who have complied with this requirement are Coinbase and Gemini. Both offer easy on-ramping via ACH transfer, credit/debit cards, or wire transfer. Different fees are associated.

This is a good start for beginners. But remember to set up a non-custodial wallet. It is recommended to possess the private keys of the crypto assets you own.