TL;DR:
- Licensure: Virtual Currency and Money Transmitter Licenses (Granted: 2023-02)
- Audience: Consumer-facing
- Website: Visit
Open account
Disclosure: This is a sponsored affiliate link.
Is eToro NY LLC legal in New York?
New York requires a BitLicense or a limited purpose trust charter for “virtual currency business activity” with NY residents. This entity’s current licensure is listed above. Licensing doesn’t guarantee every feature is available to consumers; platforms choose which services and assets to offer in New York.
Products & features for NY residents
- Account onboarding (KYC) — availability can vary
- Buy/sell core assets (BTC/ETH) — coin lists may be narrower in NY
- Transfers — check provider’s NY policy
- Staking/earn — often limited or unavailable in NY
Pros & cons for New Yorkers
Pros
- NYDFS authorization provides regulatory clarity
- Typically better consumer protection processes
- Clearer tax records & compliance reporting
Cons
- Fewer assets/features vs non-NY markets
- KYC/approval may be slower at times
- Fees or spreads may be higher
FAQ
Can I sign up in NY today? Availability can change. Use the button above to check current access directly on the provider’s site.
What coins can I buy? NY-regulated entities may rely on the DFS Greenlist for custody/listing, but platforms decide which assets to offer.
Is this investment advice? No—this page is informational only.