6 Best Crypto Exchanges in the USA
This article will give you a list of tested and legitimate cryptocurrency exchanges trusted by thousands of USA traders.
After reviewing over 50 exchanges, we’ve narrowed it down to the 6 best crypto exchanges in the USA.
If you are thinking of buying crypto, you need to select a credible cryptocurrency exchange that offers a wide range of beneficial features to trade digital coins in the USA.
Here is our top pick of the leading cryptocurrency exchanges in the USA in 2022:
6 Best Crypto Exchanges in the USA – Reviews (Updated May 2022)
eToro is one of the leading social trading networks in the cryptocurrency industry. Since it was established in 2007, the cryptocurrency exchange has garnered over 20 million users across the globe, the United States inclusive. It offers USA crypto traders a platform with all the tools and resources to have a unique and profitable trading experience.
eToro is rated by cryptocurrency investors, critics, and other stakeholders as the best overall in comparison with other exchanges.
The credible and popular crypto exchange currently caters to the needs of the USA crypto community in 44 states. It allows USA residents to trade over 3,000 symbols, CFDs, Forex, stocks, and Exchange-Traded Fund (ETF).
One of this exchange’s outstanding features is CopyTrader. With this innovative feature, the exchange allows traders to automatically copy and replicate other investors’ smart moves to help them be better positioned to trade wisely.
Traders who share their trading strategies will also receive some exclusive perks from the management team to encourage more community-based assistance for all categories of traders.
The low-risk cryptocurrency exchange is regulated by credible regulatory bodies in tier-1 and tier-2 jurisdictions.
Kraken has been on the cryptocurrency horizon in the USA since its establishment in 2011. It is a platform for all classes of traders to put their trading skills to the test and make money from trading digital assets.
Best for Low Fees
Besides its array of tradable symbols, another selling point is its low fees. Although it provides several advanced trading tools such as margin and others, the exchange charges affordable fees considered some of the lowest in the industry. It charges a lower maker-taker than most popular exchanges such as Coinbase.
On the Francisco-based cryptocurrency exchange, traders can trade a wide range of coins such as Bitcoin and some altcoins like Litecoin, Sushi, Solana, Ripple, Polygon, and more.
Kraken offers several features that include margin, crypto short sales, and stop orders. Anonymous trading is also guaranteed its high-volume investors through its Dark Pool features. It’s an excellent option for super-rich investors who desire to trade behind the screen.
Kucoin joined the party late in 2017. Nevertheless, it has gradually positioned itself as one of the leading cryptocurrency exchanges in the United States.
Operating in over 200 countries, including the USA, Kucoin attracts traders with its array of features, trading tools, and resources.
Best for Altcoins
If you are passionate about trading other altcoins besides Bitcoin, Kucoin is the best crypto exchange to consider. Primarily focused on cryptocurrency, Kucoin supports Bitcoin and over 600 altcoins such as Ripple (XRP), Dogecoin (DOGE), Ethereum (ETH), Shiba Inu (SHIB), Polkadot (DOT), and others. Its impressive list of supported digital currencies makes it the leading exchange for digital currencies.
Kucoin supports the common order types: limit, market, stop-market, and stop-limit. Futures, P2P trading, and margin are also available on the platform.
To beef its security and guarantee users’ personal and trading data, the exchange requires all users to use a different trading password in addition to the login password. This is in addition to other security features such as encryption and multi-factor authentication.
Binance is one of the pioneer cryptocurrency exchanges and is considered the world’s largest digital currency exchange. It offers its USA customers over 65 tradable digital assets.
Best for advanced trading features
Binance is the best choice for experienced traders. It treats its users to various trading options, such as spot trading and peer-to-peer trading. That’s besides its numerous order types that include stop market order, limit order, stop-limit order, post only order, trailing stop order, once-cancels-the-other order, and market order.
On the exchange, experienced traders can take advantage of its advanced features to boost their trading skills and trade any of the supported currencies such as Litecoin (LTC), Cardano (ADA), Dash (DASH), Cosmos (ATOM), and several others.
Coinbase is a popular cryptocurrency exchange serving the crypto community for years. The platform makes trading digital currency fun and less stressful, especially for beginner traders.
Best for beginners
While Binance is the best for experienced traders, thanks to its advanced features, Coinbase is beginner-friendly and is a great platform for newbie traders. It is considered the largest cryptocurrency exchange in the United States, where it supports nearly 100 cryptocurrencies.
Besides its vast list of supported digital currencies, the exchange has a mobile app and a very easy website where traders can trade their favourite crypto coins effortlessly.
One of its features, Coinbase Earn, offers traders a new currency as a reward on eligible balances. This is an excellent way for new traders to increase their earnings on the platform.
The exchange makes trading on its platform super simple with its low minimum funding requirement. Traders can also rest assured that their assets are safe because the exchange ensures the cryptocurrencies in its care to take care of possible losses in case of hacking.
Best for staking
There are numerous USA crypto exchanges where you can stake your coins. Staking is for traders who are looking to invest long term. It can be compared to traders who invest in stocks to get paid dividends every quarter. However, you often get these dividends or rewards weekly with crypto staking. Crypto.com offers very high annual percentage yields on all cryptocurrencies, including up to 10% p.a for stablecoins.
If you go to the earn section of crypto.com, you can calculate your rewards.
Overall crypto.com is a trusted and legitimate crypto exchange in the USA. Compared to other USA exchanges, it provides over 260 cryptocurrencies (with very reasonable fees). Its website is user-friendly, and a mobile app is also available. Crypto.com has high recognition amongst traders in the USA.