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Erik
0419a00f938bdbc4ad27c2ef54b7349a5b5272954285fdaa9f5f1e445bb650f7
I’m here to help those who live in the state of New York navigate the crypto world. New York is very restrictive to those who want to hold cryptocurrencies; this can often be challenging to navigate. Disclaimer: I am not affiliated with the state government in any way, and urge residents to abide by local laws and regulations.
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Erik 2y ago

Never hurts to call your state and local legislatures to let them know that their citizens are smart enough to understand the risks of the crypto domain, and we do not need bureaucrats mucking up a good thing!

https://ag.ny.gov/press-release/2023/attorney-general-james-proposes-nation-leading-regulations-cryptocurrency

Replying to Avatar Joshua Farr

Are you a BTC miner?
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Erik 2y ago

I am not, just a regular every day weird dad

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Erik 2y ago

If you have any New York specific questions, give a comment!

#NewYork

Replying to Avatar Erik

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.
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Erik 2y ago

Hello! #introductions

Replying to Avatar Erik

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.
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Erik 2y ago

#[1]​ thank you for creating this wonderful app for nostr, just getting started and hoping I can add something valuable.

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Erik 2y ago

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.

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