If you’re planning to venture into the world of crypto investing or trading in the USA, it’s absolutely crucial to carefully consider the list of best cryptocurrency exchanges available. Choosing the right exchange can significantly impact your overall experience and success in the crypto market. By opting for an exchange that aligns with your specific needs and preferences, you can streamline your trading or investment journey and navigate the crypto space with ease.
The global crypto landscape is filled with numerous exchanges, each having its own set of offerings and safety measures. While some are reputable, known for providing top-notch services and robust security, others may fall short in critical aspects. This diversity can make it challenging, especially for beginners, to pinpoint a reliable and well-suited exchange.
To help you with that, we have put together a list of top cryptocurrency exchanges in the USA on which you can start your trading journey today. Weigh their pros and cons and pick the one that best suits your needs.
Top US Crypto Exchanges to know about
- Coinbase – Trustworthy Exchange for Beginners
- Kraken – Known for its Safety and Security
- MEXC – Fast & Efficient Trading Experience
- Binance US – Best Crypto Exchange USA
- Crypto.com – All in One Platform
- Gemini – Charges Competitive Fees
- CoinW -Diverse Investment Opportunities
- eToro – One of the Well-known Platforms for Crypto Trading
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
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.
MEXC Exchange
Founded in April 2018 in Seychelles, East Africa, MEXC has rapidly climbed the ranks to become one of the top 100 cryptocurrency exchanges in the world. Backed by a team of blockchain industry pioneers, the platform boasts high-performance and mega transaction matching technology, ensuring lightning-fast and efficient trading experiences for its users.
One of MEXC’s significant strengths lies in its broad global reach, having served over 10 million users across major continents and jurisdictions. Furthermore, its commitment to regulatory compliance is evident through its licenses in five well-recognized nations: Switzerland, Canada, Australia, and the United States.
MEXC offers a diverse selection of over 1,520 coins (2,110+ pairs) for trading, resulting in billions of dollars’ worth of trading volume. Some of the top cryptocurrencies available on the exchange includes:
- Bitcoin (BTC)
- Ethereum (ETH)
- Polkadot (DOT)
- Cardano (ADA)
- Chainlink (LINK)
- Litecoin (LTC)
- Ripple (XRP)
The exchange’s high-performance mega-transaction matching technology sets it apart from the competition, handling large trade volumes with remarkable efficiency. Orders can be matched in milliseconds, making MEXC one of the fastest and most reliable platforms available.
Security is paramount at MEXC, evident through its implementation of two-factor authentication (2FA). This additional security layer requires users to enter a code sent to their mobile device or email, bolstering account protection alongside their password.
When it comes to trading on the platform, MEXC charges 0% for the maker and 0.1% for taker orders for buying and selling crypto on the spot market. Taker orders can be further reduced with a 20% discount for investors holding the MX token.
Notable features of MEXC include staking and leveraged ETFs, providing users with opportunities to grow their holdings and explore more sophisticated trading strategies.
With its remarkable growth trajectory, global presence, regulatory compliance, and diverse selection of cryptocurrencies, MEXC presents a compelling choice for cryptocurrency traders seeking a feature-rich and secure trading platform in the US.
If you are looking to trade Bitcoin and altcoins with up to 125x leverage, sign-up on MEXC today with our special link and become eligible to earn a bonus of up to $9,100.
Binance US
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.
Crypto.com
Founded in Hong Kong in 2016, Crypto.com is a comprehensive cryptocurrency exchange offering a wide array of services, including trading, investing, staking, wallets, and NFTs. With support for over 250 different currencies, the exchange boasts reasonable fees and provides discounts to users holding a significant stake in their native coin, CRO. This ecosystem of crypto-related products makes Crypto.com an appealing choice for those seeking a versatile platform for their cryptocurrency activities.
Crypto.com allows users to stake their cryptocurrencies or hold them in a Crypto.com wallet, earning up to 14.5% interest. However, staking comes with the risk of locking funds for a specified period.
The trading fee for the exchange is 0.2% for both maker and takers at the starting level.
Popular assets available on the platform include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Polkadot (DOT).
For new Crypto.com users without any CRO staking, trading fees start at 0.075% for total monthly trading volumes below $250,000. While not the lowest in the industry, the fees are competitive, and higher-volume traders can qualify for even lower fees, including potentially zero fees as a maker or 0.05% as a taker.
Crypto.com appeals to cryptocurrency traders seeking a platform with relatively low fees and a diverse selection of supported currencies. It is best suited for users comfortable managing their financial accounts through a mobile app and may be ideal for those with intermediate cryptocurrency knowledge and experience.
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
CoinW
CoinW is a popular cryptocurrency exchange headquartered in the British Virgin Islands, serving users in 120 countries and supporting major languages. The platform offers a wide range of cryptocurrencies for trading, including Bitcoin, Litecoin, Ether, and many altcoins. Additionally, users can access cryptocurrency futures and ETFs.
CoinW sets itself apart with its investment opportunities, offering diverse staking and mining programs with flexible conditions and interest rates ranging from 5% to 20%. The exchange has a solid track record with over 7 million active users and no unresolved conflicts with clients.
One of the platform’s notable features is copy trading, enabling users to follow and replicate the trading strategies of successful traders. This allows newcomers to benefit from the expertise of experienced traders and potentially enhance their trading outcomes.
CoinW provides competitive trading fees and a favorable referral program, making it an attractive choice for traders seeking diverse financial solutions.
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.
Best USA Based Lowest Fees Crypto Exchange
Some of the cryptocurrency exchanges based in the USA that charge the lowest fee are:
- MEXC – (maker fee: 0.00% and taker fee: 0.1% for spot pairs)
- Binance US – (0.02% to 0.01% for spot pairs)
- 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%)\
Note: The trading fees are updated regularly by exchanges and can vary from time to time.
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. However, Kraken, Crypto.com and MEXC are also excellent and easy to use.
Best US Crypto Exchange to Buy Ethereum
Kraken, Coinbase, MEXC, Crypto.com are all great choices to buy Ethereum.
Best US Crypto Exchange to Buy Altcoins
MEXC 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.
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.
FAQs – Frequently Asked Questions
Coinmama is one of the biggest crypto exchanges that support Apple Pay. However, you can also connect Apple Pay with your debit card and use it on exchanges like Coinbase.
Some of the banks in the USA that are crypto-friendly includes : Ally Bank, Goldman Sachs, Simple Bank & USAA
There is no such thing as a risk-free investment as no cryptocurrency exchange is 100% safe. However, by choosing top ranked user trusted exchanges you can mitigate risks.
Yes, you can purchase cryptocurrencies in the United States by using your credit card. Some of the US.-based crypto exchanges such as Coinbase support credit cards.
The best payment method to get crypto in the USA is the one that is the most convenient for the user. Different exchanges offer a range of different payment methods to make things easier for customers.
You can purchase cryptocurrencies from some of the well-known US.-based exchanges such as Kraken, MEXC, 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.
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.
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 and trading services.
