Are you looking for the best crypto exchanges in the USA? There are 50+ trading platforms available in America. How do you choose the right one for your needs? What factors should you consider before signing up? And how can you avoid scams and hidden fees?
In this blog post, we will help you answer these questions and more. We will review some of the most popular and reputable crypto exchanges USA, based on their features, security, customer service, and user experience.
We will also give you some tips on how to get started with digital asset trading and investing in a safe and profitable way. Read on to find out which one suits you best!
Comparison between Best Cryptocurrency Apps in the USA
Exchanges | Trading Fees | Supported Coins | USA Licensed | Overall Rating |
---|---|---|---|---|
Coinbase Pro | 0.04% – 0.50% | 250+ | Yes | 4.7/5 |
Kraken Pro | 0.10% – 0.26% | 230+ | Yes | 4.6/5 |
Bitstamp | 0.10% – 0.50% | 75+ | Yes | 4.6/5 |
Kucoin | 0.10% – 0.25% | 800+ | No | 4.5/5 |
Bitmex | 0.075% – 0.25% | 20+ | No | 4.4/5 |
Bitmart | 0.05% – 0.25% | 725+ | Yes | 4.1/5 |
Binance.us | 0.10% – 0.50% | 150+ | Yes | 4/5 |
Crypto.com | 0.075% – 0.2% | 250+ | Yes | 3.9/5 |
Pionex | 0.05% | 379+ | No | 3.9/5 |
CEX.io | 0.15% – 0.25% | 200+ | Yes | 3.8/5 |
What are the best Crypto Exchanges in the USA?
Here are some of the best crypto exchanges & Apps in the USA. These platforms have been chosen based on their reputation, user experience, security measures, available cryptocurrencies, and regulatory compliance.
We Recommend: Best Cryptocurrency Exchanges
How we choose the best Exchange: Low Fees, a higher number of supported tokens, Multiple Trading features, Easy deposit and Withdrawals, high security, and 100% Solvent.
Lowest Trading Fees Exchange
- Spot, Margin, and futures
- Copy Trading
- Automated Strategy Trading
- Staking and Earn
- Launchpad Investment
Best Exchange with 13+ Automated Trading bots
- Lowest Fees in Industry
- Built-in 20+ trading strategies
- Automatic Portfolio Rebalancing
- Staking and Earn
- 370+ coins supported
1. Coinbase Pro: Leading crypto exchange in the United States
- Payment methods: ACH, Wire transfer, Paypal, Debit/credit cards, etc.
- Deposit and Withdrawal Fees: No fees for ACH transfers. Wire transfers have a $10 fee for inbound and a $25 fee for outbound. Debit card purchases have a 3.99% fee. PayPal withdrawals have a 3.75% fee
- Supported States: 47+
Coinbase is a popular platform for buying and selling cryptocurrencies in the USA. It offers other services, such as a wallet, a debit card, and a learning program.
The platform also supports instant transfers between Coinbase users. This makes it convenient to send and receive crypto without waiting for network confirmations.
Coinbase has different products for different customers. For example:
- Coinbase Exchange: This is for big investors and traders. They can trade fast and get good prices. They can also see the market data in real-time.
- Coinbase Wallet: This is for personal use. You can keep your own crypto here. You can also try new things, like DApps and NFTs.
- Coinbase Prime: This is for institutions and large investors. They can invest in crypto with high security and compliance.
- Coinbase Earn: You can get paid for learning about crypto.
- Coinbase Web3: You can make your own profile with an ENS username. You can also see other profiles and NFTs on Coinbase.
The exchange follows the rules and laws of the places where it works. It has the approval of US regulators, like the SEC and the CFTC.
Pros and Cons of Coinbase
Pros:
- Easy to use and buy crypto
- High liquidity and trading volume
- Supports over 250 coins and tokens
- Very safe and secure
Cons:
- High fees for some transactions and trades
- Fewer altcoins than some competitors
- Centralized and regulated, may ask for KYC and limit accounts
2. Kraken Pro: Regulated USA Virtual Currency License
- Payment methods: Wire transfer, debit card, credit card, ACH, SEPA, SWIFT, etc.
- Deposit and Withdrawal Fees: up to $20 (depending on the source of payment)
- Supported US States: 48+
Kraken Pro is a very safe and reliable USA-based crypto platform. It has a lot of liquidity and low spreads that make your trading better. You can find and trade many markets on the platform. You can use charts, indicators, and order types to help with trading.
Kraken also supports staking and earning. You can pick from more than 14 assets and get rewards every week. The rewards depend on the asset, but some are up to 20% APY. You can also see how much you can earn and grow your portfolio with a calculator.
The exchange has a mobile app for iOS and Android. The app has everything you need to trade, fund, earn, and secure your digital assets.
Pros and Cons of Kraken
Pros:
- A large variety of crypto assets to choose from
- Easy to use and navigate
- Offers advanced trading options like margin, futures, and stop-loss
- Provides good customer support options
- Low fees for withdrawing Bitcoin (BTC)
- Has a lot of educational resources
Cons:
- Instant purchases and SWIFT withdrawals have high fees (up to 0.26%)
- Some cryptos have high withdrawal fees (up to $35)
- Not accessible in all U.S. states
- U.S. customers cannot stake their cryptos
- Only accepts a few fiat currencies
3. Bitstamp: Fiat to Crypto Exchange USA
- Payment methods: Credit cards, debit cards, Apple Pay, Google Pay, wire transfer, SEPA transfer, cryptocurrencies
- Deposit and Withdrawal Fees: Varies depending on the payment method and currency, ranging from 0% to 5% for fiat currencies and 0% to 0.0005 BTC for cryptocurrencies
- Supported US States: 49+
Bitstamp works in many places around the world. It has offices in Luxembourg, Singapore, Slovenia, the UK, and the USA. It has licenses and registrations in 50 key jurisdictions globally.
The exchange keeps customer money and crypto safe with advanced technology and bank-grade security. All funds and crypto are backed 100% and ready to be withdrawn at any time. They are stored in separate accounts from Bitstamp’s own money.
Bitstamp has a license from the New York State Department of Financial Services to work there. U.S. customers can use Bitstamp legally and securely.
Pros and Cons of Bitstamp
Pros:
- Highly regulated with 50 licenses globally and a New York license.
- Live support, staking, and secure and insured funds.
- AA-rated by CryptoCompare.
Cons:
- Unavailable to U.S. citizens outside New York.
- 0.5% fee for instant transactions with cards or mobile payments.
- Fewer coins than other exchanges (82 assets).
- Hacked in 2015, losing 19,000 bitcoins.
4. Kucoin: Best leverage crypto exchange USA
- Payment methods: Credit/debit cards, P2P market, bank transfers, crypto deposits
- Deposit and Withdrawal Fees: up to $25
- Supported US States: All
Kucoin is a cryptocurrency exchange that has over 800 coins on its platform, including some that are exclusive to its own platform like NFT-ETFs. You can also enjoy the benefits of social trading. You can connect with other crypto investors and get access to timely and reliable strategies and investment opportunities.
It does not have a proper license to operate in the USA, which means that you might face some limitations on how much you can withdraw and where you can withdraw from.
Kucoin has many trading markets including spot, leverage, perpetual contracts, copy trading, and free crypto trading bots.
Pros and Cons of Kucoin
Pros:
- Trading costs are low (0.005% to 0.10%) and using Kucoin Token (KCS) gives discounts
- Many cryptocurrencies (over 700) to choose from for trading
- Opportunity to earn interest on crypto by staking or lending
Cons:
- No license in the US and may be risky or unlawful for US users
- Negative user feedback and issues with withdrawals, customer service, and market manipulation
- Website and trading features are complicated
Related: Kucoin vs Bybit: Which should you choose?
5. BitMEX: Best U.S. Crypto Platform
- Payment methods: crypto deposits and withdrawals only
- Deposit and Withdrawal Fees: only network fees
- Supported US States: All
Bitmex is not licensed in the USA because of regulatory issues. The founders of Bitmex have admitted to breaking the Bank Secrecy Act by not having anti-money laundering and know-your-customer policies for their US customers.
It offers up to 100x leverage for some of its products. This means users can increase their profits or losses by borrowing funds from the platform.
BitMEX has a mobile app that lets users trade on the move and access various functions such as market trends, order books, charts, and notifications.
The platform offers industry-leading security measures such as 2FA authentication, cold storage, and encryption to protect user funds and data.
Pros and Cons of BitMEX
Pros:
- Professional crypto derivatives platform.
- High leverage up to 100x.
- Deep liquidity for Bitcoin futures.
- Low fees and maker rebate.
Cons:
- No fiat deposits.
- Unregulated and facing legal issues in the USA.
6. BitMart: AML-approved Crypto Exchange USA
- Payment methods: credit/debit cards, bank transfers, cryptocurrencies
- Deposit and Withdrawal Fees: up to 3% for debit/credit cards
- Supported US States: all states except New York
BitMart is a platform for trading digital assets and NFTs with simplicity and security. It was established in 2017 and is licensed in the USA by FinCEN.
It offers over 1000 trading pairs, featuring well-known coins like Bitcoin, Ethereum, Dogecoin, and Shiba Inu, as well as new and innovative projects and tokens. You can also use advanced products like futures and margin trading with up to 50x leverage, and earn extra income with saving and staking options.
BitMart has a user-friendly interface, low trading fees, generous rewards, and a secure system to safeguard your crypto assets.
Pros and Cons of BitMart
Pros:
- FinCEN-regulated in the USA
- Fiat onramp for USD, CAD, EUR
- Diverse crypto products and services
- Low and tiered trading fees
Cons:
- Lacks some popular coins
- Poor customer support
- Advanced products not for US users
7. Binance.us: High Volume USA Digital Asset Exchange
- Payment methods: ACH, debit card, wire transfer, and crypto
- Deposit and Withdrawal Fees: Free for ACH, $15 for wire transfer, 0.5% for debit card, and variable for crypto depending on the coin
- Supported US States: 46
Binance.us is a trusted and secure platform for crypto trading in the US. It is a separate entity from Binance, the world’s largest crypto exchange by trading volume, but it shares the same name and intellectual property.
Binance.us is managed by BAM Trading Services, a company registered with the Financial Crimes Enforcement Network (FinCEN) and compliant with US regulations.
It claims to be the only major exchange that does not charge any fees for trading Bitcoin in the US. It Supports over 150 cryptocurrencies and 6,000+ trading pairs.
Binance.us supports over 25 staking assets, such as Tezos, Cosmos, and Algorand. The exchange charges different fees for different trading pairs, depending on their liquidity and demand. The fees are also adjusted according to the user’s VIP level, which is determined by their 30-day trading volume.
Pros and Cons of Binance.us
Pros:
- Pay 0.1% or less per trade, depending on BNB.
- Trade over 130 different coins and tokens.
- Enjoy high-speed and high-volume trading with Binance technology.
- Access the platform on mobile or the web, with simple and user-friendly interfaces.
Cons:
- Can’t use it in NY, TX, VT, or HI due to regulations.
- Has fewer crypto-to-crypto options than Binance Global.
- Lacks these features for advanced traders that Binance Global has.
- Faces potential SEC and CFTC violations and slow customer service.
8. Crypto.com: Low Fees Crypto Exchange in the USA
- Payment methods: bank transfers or credit/debit card
- Deposit and Withdrawal Fees: free for crypto deposits and withdrawals, variable for USD
- Supported US States: all states except New York
Crypto.com is one of the world’s top cryptocurrency platforms, with more than 80 million users trusting it. It also offers a platform for non-fungible tokens (NFTs).
It allows users to buy and sell crypto at the best price using bank transfers or credit/debit cards. It supports over 270 cryptocurrencies and 22 fiat currencies. The exchange gives users a metal Visa card that rewards up to 5% back on all spending, with no annual fees.
Crypto.com enables users to earn crypto by holding 20+ cryptocurrencies and stablecoins and getting consistent returns, with no lock-up period.
It has a secure and fast trading engine that can process 2.7 million transactions per second, with 50-microsecond core latency. It also has the highest standards of security and compliance certifications, such as SOC2 Type 1, PCI:DSS 3.2.1 Level, etc.
Pros and Cons of Crypto.com
Pros:
- Low fees for trading and deposits
- Many coins to choose from
- Rewards and incentives for users
- Secure and compliant platform
Cons:
- Not fully available in the US yet
- KYC verification required
- Few payment methods for fiat
9. Pionex: US-based Automated Crypto Bots Exchange
- Payment methods: Cryptocurrency only
- Deposit and Withdrawal Fees: network fees
- Supported US States: All
Pionex is a crypto exchange that has various trading bots built-in for different market situations. It is a platform that follows US regulations and serves 100 countries and regions globally. Pionex has a low fee of 0.05% and offers 379 coins and tokens.
It also has many crypto trading bots for different purposes, such as GRID trading bots, arbitrage bots, leveraged, margin, reverse, infinity grid, trailing take profit, TWAP, and stop-loss.
You can access all the features of the web interface on your smartphone or tablet, such as creating and managing your bots, viewing your portfolio, checking market trends, and more. The app is available for both iOS and Android devices.
Also Read: Pionex vs Binance: Best For Trading Bots
Pros and Cons of Pionex
Pros:
- US–regulated and secure
- 16 free trading bots to automate trades
- 379 coins/tokens with 0.05% fees
- 99.99% uptime and over $5 billion volume
Cons:
- No phone or live chat support
- Some features of coins/tokens are restricted by location or verification
- Possible technical issues or bugs with bots or products
10. CEX.io: No KYC Crypto Exchange in the USA
- Payment methods: Debit and credit cards
- Deposit and Withdrawal Fees: 2.99% for USD deposits via Visa/Mastercard and 3% + $1.20 for USD withdrawals via Visa/Mastercard
- Supported US States: 31+
CEX.IO is a reliable and secure platform that has been in operation since 2013. It has more than 4 million customers worldwide and a positive reputation among its users. It follows international standards and US regulations.
It has acquired Money Transmitter Licenses (MTL) in 31 US states and is registered with the FinCEN as a Money Service Business. It also has a PCI DSS certificate that ensures the security of your card operations on the platform.
CEX.IO provides different features and services for its customers, such as:
- Staking: You can generate passive income by simply holding coins on CEX.IO.
- Broker: You can trade derivatives of cryptocurrencies and other assets with leverage that matches your risk appetite.
- Earn: You can receive rewards for completing tasks, joining competitions, and referring others to CEX.IO.
- Debit card: You can request early access to the CEX.IO card that lets you spend your crypto anywhere.
Pros and Cons of CEX.io
Pros:
- Authorized and compliant in 33 US states.
- Has many services to buy, sell, trade, and earn crypto.
- Supports 100+ cryptocurrencies, including BTC, ETH, and XLM.
- Has a secure card payment system.
Cons:
- High fees for some card transactions.
- Poor customer support via email and form only.
- Low trading volume for some markets or pairs.
- Extra verification for some customers or payments.
Understanding Crypto Exchanges in the USA
If you want to buy or sell different kinds of digital currencies, such as Bitcoin, Ethereum, Dogecoin, and more, you need a platform called a crypto exchange.
Crypto exchanges are platforms that follow the rules and regulations of various government agencies in the USA, such as the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN).
Some of the most well-known and reliable crypto exchanges in the USA are Coinbase, Gemini, Uphold, Kraken Pro, Cex.io, and Binance.
Crypto exchanges let you trade digital currencies with low fees, keep your digital assets safe, earn rewards, and use other features such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
How to Choose the Best Crypto Exchanges USA: Methodology
- To find the best crypto exchanges USA, you need to look at what each platform can offer you. For example, how much they charge for trading, how safe they are, how easy they are to use, what kinds of coins they support, how you can pay and withdraw, etc.
- You also need to think about what you want from a crypto exchange. For example, do you want a simple and beginner-friendly platform, or do you want a platform with low fees and high volume, or do you want a platform with advanced features and tools, etc?
- Another thing to consider is the trustworthiness and legality of each platform. For example, how other users rate them, what licenses they have, how they follow the rules, etc.
- You can try out different platforms and see how they work for you. You can also use more than one platform for different goals.
- Lastly, you should keep an eye on the latest trends and news in the crypto world and change your plan accordingly.
How to Buy Cryptocurrency in the United States?
If you want to purchase crypto in the US, you need to follow these simple steps:
- Pick an exchange that is authorized and regulated in your state. Some of the options are Coinbase, Bitstamp, eToro, Kraken, CEX.io, Binance.us, and Changelly.
- Sign up for an account on the exchange and verify your identity with the Know Your Customer (KYC) process. You will have to give your personal details such as name, date of birth, address, social security number, and more.
- Choose a payment method that works for you and your budget. Some common choices are bank transfers, credit or debit cards, and sometimes even Apple Pay.
- Select the crypto you want to buy and enter how much you want to spend. You can buy a part of a coin if you don’t have enough money for a whole one.
- Confirm your order and get your crypto in your exchange wallet or move it to your own personal wallet for more safety and control.
Conclusion
In conclusion, choosing the best crypto exchange for your needs depends on various factors, such as fees, security, features, customer support, and reputation.
Some of the most popular and trusted crypto exchanges in the USA are Coinbase, Binance US, Kraken, Bitstamp, Crypto.com, and eToro.
However, you should always do your own research and compare different options before making a decision. Crypto trading can be risky and volatile, so be aware of the legal and tax implications of your transactions.
FAQs
Is crypto exchange legal in the USA?
Crypto exchanges are legal in the USA, but it is subject to federal and state regulations. The digital currency service providers need to register with FinCEN and follow the AML/CFT rules. They also need to keep records and report to the authorities. But the rules are not the same in every state.
What is the best Margin Trading crypto exchange in the USA?
Margin trading is when traders borrow money from a broker or an exchange to increase their trading power. Margin trading is very risky and not many exchanges offer it in the USA because of the regulations.
Some of the exchanges that do offer margin trading to US customers are Kraken, Bitfinex, and Binance US. These exchanges have different rules, fees, and assets for margin trading.
What is the best P2P crypto Exchange USA?
P2P crypto exchange gives users more privacy, lower fees, and more control. Some of the best P2P crypto exchanges in the USA are LocalBitcoins, Paxful, and Bisq. These exchanges have different options, payment methods, and security features.
Which is the cheapest crypto exchange USA?
The fees of crypto exchanges depend on many things like maker/taker fees, deposit and withdrawal fees, network fees, and spread.
Some of the crypto exchanges that have low fees in the USA are Pionex, Binance US, and Bitget.
What is the Safest USA Crypto Exchange?
When it comes to the safest crypto exchanges in the USA, there are a few popular options. Coinbase, Kraken Pro, and Bitstamp are widely recognized for their emphasis on security and compliance.
Related:
- 10 Best Crypto Exchanges in Australia
- 6 Best Decentralized Crypto Exchanges
- Best Fiat-to-crypto exchanges
- Top Cryptocurrency Exchanges and Apps