Every beginner should know about the best crypto exchanges in the USA before they start crypto investing or trading. Finding a secure and trustworthy exchange is not only helpful but imperative. A suitable exchange that is according to one’s requirements can make a big difference and help the interested parties in trading or investing in crypto easily.
There are numerous cryptocurrency exchanges established in different parts of the world. While some are well-known and offer high-quality services along with utmost safety, others lack vital features. As a first-time crypto investor or trader, identifying a secure and suitable exchange can be difficult.
Top US Crypto Exchanges to know about
- Binance US – Best Crypto Exchange USA
- Coinbase – Trustworthy Exchange for Beginners
- Kraken – Known for its Safety and Security
- eToro – One of the Well-known Platforms for Crypto Trading
- Gemini – Charges Competitive Fees
Knowing about your possible options can help you determine which platform is best suited for you. Here are some details of the US based cryptocurrency exchanges mentioned above.
List of Best Crypto Exchanges in the USA
Binance US – Best Crypto Exchange
Binance is the largest cryptocurrency exchange in the world and has more than 400 trading pairs. However, it is not the same as Binance US
Binance US is a version of the popular Binance exchange created for US citizens and offers around 50+ digital assets to trade.
It caters to the needs of the users and is one of the safest options. This exchange makes use of multifactor authentication to keep the users’ funds out of harm’s way.
Another reason why Binance US is one of the best exchanges in the USA is that it offers a variety of order types. This can indicate that the platform is well-built to handle a large audience and different types of traders.
Binance US also offers big volume discounts, which is one of many reasons why it is among the best crypto exchanges in the USA.
Coinbase
Coinbase is probably one of the most popular cryptocurrency exchanges in the country. The headquarters of Coinbase is located in San Francisco. At the moment, it is the largest crypto trading platform in the USA as it hosts more trading volume than any other exchanges out there.
Coinbase is one of the top US crypto exchanges as it prioritizes the safety of its users. The security of the platform has never been breached, and the wallets of users have never been compromised. This is one of the highlights of the platform and an important aspect every beginner looks for.
It supports several crypto assets such as:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
Since it is a US based crypto exchange, it accepts payments in US dollars. Coinbase is a remarkable exchange that aims to make crypto buying, trading and hodling, easy for people and institutions all the same. The user interface is really simple and reliable, which makes it a suitable option for novice traders.
Coinbase has more than 35 million users and is available in over 100 countries.
Another incredible factor that places Coinbase at the top in cryptocurrency exchange rankings is Coinbase Pro. This version of the Coinbase exchange focuses more on offering services to experienced traders. Coinbase Pro is popular and offers advanced features such as indicators and trading tools.
Kraken
Also based in San Francisco, Kraken was established in 2011. Since then, it has grown into one of the most remarkable cryptocurrency exchanges in the USA Kraken is identified as one of the top five exchanges in the country based on:
- Liquidity
- Trading volumes of spot markets
- Traffic
One outstanding factor about Kraken is that this cryptocurrency exchange is licensed and regulated with FinCEN. However, it does not offer services to crypto investors or traders in New York and the state of Washington.
Kraken Exchange is undoubtedly one of the best cryptocurrency exchanges in the USA and offers 54 digital assets to buy and sell. Some of the available cryptocurrencies include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether (USDT)
- Ripple (XRP)
It also supports some DeFi tokens such as:
- Compound (COMP)
- Kava (KAVA)
- Kyber Network (KNC)
Kraken is one of the best exchanges for first-timers as it also offers around-the-clock customer support and charges a low trading fee.
eToro
eToro is a user-friendly platform that is among the top US-based cryptocurrency exchanges. It is a powerful trading platform that caters to the needs of beginners.
One of the most outstanding features of eToro is “practice trading account”. This is a game trading feature that enables beginners to practice the process of trading without using any real money. This helps beginners in becoming more confident before they start crypto trading with actual money.
Another prominent feature of the exchange is the “Copy Trade Option”. As the name suggests, this feature enables the traders to automatically copy the trades of expert traders and get the same returns (if any) generated for the trader they copy.
Not only this, but eToro comparatively has a low fee and even offers a local wallet to its users. These are some of the factors that make eToro one of the best cryptocurrency exchanges in the USA.
Gemini
Competitively low fees are not the only reason why Gemini is one of the top crypto exchanges in the USA Gemini is based in New York and is one of the regulated cryptocurrency exchanges in the country. It was founded by the famous Winklevoss twins, which is one of many reasons for its popularity.
Gemini is a fantastic exchange for potential investors, traders, and even interested institutions. This exchange has an impeccable reputation and was voted as the best Bitcoin exchange in the country.
The security of users’ funds is the top priority at Gemini exchange, which is why it is trusted by many. Some of the notable security systems used by the exchange are:
- Whitelisting addresses
- Two-factor Authentication
- Multi-signature withdrawal process
- Cold wallet storage
- Brute force login protection
Gemini is a secure and simple exchange where you can easily build your portfolio and avail some of the impressive features of the exchange, which include:
- Secure wallet
- Off-exchange crypto trades
- Mobile trading app
- Custody service
- Advanced trading platform
Best USA Based Lowest Fees Crypto Exchange
Some of the cryptocurrency exchanges based in the USA that charge the lowest fee are:
- Binance US – (0.02% to 0.01% spot trading fee)
- Bittrex – (maker fee: 0.00%-0.75% and taker fee: 0.05%-0.75%)
- eToro – (no stock and ETF trading and very low fee for Forex and CFD)
- Kraken – (maker fee: 0.0200% and taker fee: 0.0500%)
Best USA Based Crypto Trading Platform
Some of the top crypto trading platforms in the USA are as follows:
Best US Crypto Exchange to Buy Bitcoin
Coinbase is probably the best crypto exchange in the USA to buy Bitcoin where you can instantly buy Bitcoin with your credit/debit card, wire transfer or PayPal.
Best US Crypto Exchange to Buy Ethereum
Coinbase is currently the most popular and suitable exchange in the United States of America to purchase Ethereum. Interested parties can directly invest in Ethereum with USD.
Best US Crypto Exchange to Buy Altcoins
Binance US is one of the best crypto exchanges where you can buy altcoins. It is important to know that you can only purchase the altcoins that are supported by the exchange.
Frequently Asked Questions
Coinmama is one of the biggest crypto exchanges that support Apple Pay. Here is how you can buy crypto with Apple Pay.
Set up your wallet
Visit Coinmama
Enter the amount of crypto you want to buy
Select “Buy”
Fill out your details
Verify your identity
Paste your BTC address in the form
Select payment method i.e. Apple Pay
Confirm and complete the purchase
Here are some of the banks in the USA that are crypto-friendly:
Ally Bank
Goldman Sachs
Simple Bank
USAA
There is no such thing as a risk-free investment as no cryptocurrency exchange is 100% safe, even if it has advanced security systems. However, make sure you choose renowned and some of the top US-based cryptocurrency exchanges or opt to store your funds in cold storage wallets.
Yes, you can purchase cryptocurrencies in the United States by using your credit card. Some of the US.-based crypto exchanges such as Coinbase and Coinmama support credit cards.
While choosing a cryptocurrency exchange to buy crypto, make sure it supports the payment method you prefer most. However, the best payment method you should choose to buy digital assets is bank transfer.
You can purchase cryptocurrencies from some of the well-known US.-based exchanges such as Kraken, Coinbase, and Gemini. Their security protocols are advanced and thorough and keep the users’ funds safe.
The most suitable way to get digital currencies in the USA is to use exchanges that are well-known and most importantly licensed and regulated.
According to Federal Law in the USA digital assets are taxable and have to be a part of the tax returns of an individual or a company. Buying, selling, trading, and even mining cryptocurrencies are all taxable actions.
The legal status of the crypto assets varies from state to state in the USA This is because the local regulations are different from one state to another and the financial policies are almost constantly evolving. Therefore, before buying any digital currency you should check if they are legal within your state or not.
We have ranked the top US cryptocurrency exchanges based on the security they offer to the users, along with their fee structure, supported payment methods, trading services, and a lot more.
Conclusion
Every crypto investor or trader in the USA who is interested in stepping into the crypto space should take their time and carefully choose a cryptocurrency exchange in the United States (US). It is crucial as finding a suitable and secure exchange can make all the difference. Buying, selling, trading, or even hodling crypto-assets can become easy, stress-free and safe if a trustworthy cryptocurrency exchange is used. Therefore, it is important to know which exchanges are the best so the interested parties can make an informed decision. Some of the best crypto exchanges in the USA and their details are mentioned above.
