New Bitstamp user here. NY loc.
Cannot use a credit card to purchase crypto
Cannot use Chase or Schwab via BitStamps “Plaid” connection to make ACH deposits
The only method to get USD onto BitStamp is via purchasing USDC through PayPal.

XRP/USD is not a trading pair so I would need to spend some on fees in order to get my USDC to XRP anyway.

Wondering when this will be easier for me. Wondering when support will tell me something other then that is not possible at this time, while other users can use their entire platform.


Posted in Bitstamp Reddit

2 Comments

  1. CaptainRelevant on 4. October 2023 at 18:22

    The problem might be your NY residence. NY requires a “Bitlicense” for crypto companies to do business in NY, and many Companies decide not to pursue one. Not worth the trouble.

    I had my accounts closed by several exchanges a few years ago when NY passed that requirement.

     


  2. exemplaryskat on 4. October 2023 at 18:22

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