This article discusses and compares two general ways of structuring a real estate transaction in the US involving Bitcoin as a payment method. To conduct virtual currency business activity in New York State, entities can either apply for a BitLicense or for a charter under the New York Banking Law.The first commercial property in New York is being put on the market for digital coin. Your listing will be instantly visible to traders from the Queens, New York, USA - United States. Select LibertyX on the traditional ATM, and enter the order number and purchase amount. Then insert your debit card to complete purchase. Using cryptocurrency to purchase real estate is indeed legal tender, as long as the seller is willing to accept the currency as payment. New York residents can access cryptocurrency exchanges like Coinbase, Gemini, Kraken, Paxos, and Bitstamp.