#19 of 115 in the US ranking · Broker / app
GalaxyOne Review (October 2026): Fees, US States and Licenses
Best for: Crypto, stocks and yield
6.5/10
By Vahe Hakobyan Verified Medium confidence No affiliate links
- Taker fee— Not verified
- US states— Not verified
- New YorkYes
- Coins9
- CustodyCustodial
- App Store4.5 ★ · 396
Our verdict
GalaxyOne is the retail app of Galaxy Digital, launched on October 6, 2025. It combines crypto trading in nine assets at a 0.99% fee, commission-free US stocks and ETFs, a 3.75% APY cash account and an 8.00% Premium Yield product for accredited investors. Crypto is held with Paxos Trust Company, and transfers to external wallets are supported. Staking is unavailable in 10 states.
Pros
- Crypto, stocks, ETFs and cash yield in one app
- Crypto deposits and withdrawals to external wallets supported
- New York virtual currency license granted in May 2026
Cons
- 0.99% fee on every crypto trade
- Only nine tradable crypto assets
- Staking unavailable in 10 states, including New York and California
GalaxyOne fees
- Maker / taker
- — Not verified
- Simple buy
- 0.99% on every crypto trade, buy or sell; GalaxyOne says it adds no spread markup
- ACH deposit
- — Not verified
- Wire deposit
- — Not verified
- Card purchase
- — Not verified
- USD withdrawal
- — Not verified
- Crypto withdrawal
- Network or withdrawal fees may apply; amounts are not published on the pages checked
- Other fees
- 0% platform commission on staking rewards through December 31, 2026
- Minimum deposit
- — Not verified
Is GalaxyOne available in my state?
GalaxyOne launched on October 6, 2025 for US users who pass identity checks; NYDFS lists GalaxyOne Prime NY LLC with virtual currency and money transmitter licenses dated May 2026.
The list of states this platform serves is not verified yet.
SOL staking not available in CA, LA, MD, NV, NJ, NY, PA, TN, WA, WI. Crypto line of credit not available in CA, DE, ID, IN, MS, MO, NV, SD.
- New York
- Yes
- ID check (KYC)
- Yes
- Withdraw crypto
- Yes
- Funding
- ACH, Wire, Direct deposit, USDC deposit (auto-converted to USD), Crypto
Is GalaxyOne regulated?
- FinCEN MSB
- NMLS 1988685
- BitLicense
- SEC / FINRA
- GLXY (parent Galaxy Digital Inc.)
- US operator
- GalaxyOne Prime LLC (FinCEN MSB, NMLS ID 1988685); crypto custody and trading services via Paxos Trust Company; securities custody at DriveWealth LLC
- Parent company
- Galaxy Digital Inc. (ticker GLXY)
- State licenses
- GalaxyOne Prime LLC describes itself as a multi-state licensed money transmitter (FinCEN MSB registration 31000319084642); NYDFS lists GalaxyOne Prime NY LLC (May 2026). GalaxyOne Lending LLC holds NMLS ID 2741667.
- New York license
- BitLicense
- SEC / FINRA
- Brokerage through a FINRA/SIPC member broker-dealer, with securities custody at DriveWealth LLC (FINRA/SIPC)
- Other
- Cash balances are held at Cross River Bank, Member FDIC. Digital assets are held in custodial wallets with Paxos Trust Company.
- Founded
- 2025
- Headquarters
- New York, NY, USA
How secure is GalaxyOne?
- Proof of reserves
- — Not verified
- Audits
- — Not verified
- Insurance
- Cash account balances are FDIC-insured through Cross River Bank; Premium Yield is not FDIC insured.
Incidents since 2019
None found in the sources checked.
Crypto held on a platform is not covered by FDIC or SIPC insurance.
What you can do on GalaxyOne
- Spot
- Staking
- Recurring buys
- Stocks & ETFs
- Earn
- Lending
SOL staking (estimated up to 6.50%); Crypto Portfolio Line of Credit against BTC, ETH and SOL (8.99% APR advertised); 3.75% APY cash account; 8.00% Premium Yield for US accredited investors only, not FDIC insured; GalaxyOne for Business accounts.
- Apps
- Web, iOS
- Support
- Live support (US-based team), Help center
GalaxyOne FAQ
Can New York residents use GalaxyOne?
Yes. GalaxyOne accepts New York residents.
What are GalaxyOne's fees?
Simple buy: 0.99% on every crypto trade, buy or sell; GalaxyOne says it adds no spread markup.
Is GalaxyOne regulated in the US?
US customers are served by GalaxyOne Prime LLC (FinCEN MSB, NMLS ID 1988685); crypto custody and trading services via Paxos Trust Company; securities custody at DriveWealth LLC. Registrations and licenses on record: FinCEN MSB, NMLS 1988685, BitLicense, SEC / FINRA, GLXY (parent Galaxy Digital Inc.).
Can I withdraw crypto from GalaxyOne to my own wallet?
Yes. GalaxyOne lets US users send crypto to an external wallet.
Does GalaxyOne require ID verification?
Yes. GalaxyOne verifies your identity before you can trade.
How many cryptocurrencies can I trade on GalaxyOne?
About 9 cryptocurrencies are available to US users, per GalaxyOne's official asset list.
Alternatives to GalaxyOne
Robinhood#2 · Commission-free crypto with transfers8.0
E*TRADE from Morgan Stanley#4 · Existing E*TRADE clients7.6
tastytrade#6 · Active multi-asset traders7.3
Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.