In recent years, cryptocurrency has experienced a surge in popularity. Platforms where individuals can trade cryptocurrencies are called crypto exchanges. They enable investors to buy, sell, and swap digital assets like Bitcoin, Dogecoin, Ethereum, or Solana, which have seen significant price fluctuations. These exchanges are essential for facilitating large-scale digital asset trading.
Some exchanges focus on offering competitive prices and faster transactions, while others provide specialized financial products. With the growing interest in crypto, new exchanges and trading platforms have emerged, providing traders with more options to access cryptocurrencies.
When choosing an exchange, several factors should be taken into account, including regulation, supported cryptocurrencies, and fees. To find the best cryptocurrency exchange for your needs, continue reading to understand how they work, which one to pick, and key information you should know.
These exchanges act as intermediaries, facilitating transactions between buyers and sellers, creating a bustling marketplace for crypto enthusiasts to exchange their digital assets.
There are two key types of cryptocurrency exchanges: decentralized (DEX) and centralized (CEX). Decentralized exchanges offer heightened security, as users control their own crypto wallet keys, making it more challenging for hackers to steal funds. On the other hand, centralized exchanges manage the keys, providing convenience but potentially posing higher security risks.
Both types of exchanges primarily operate using order books, where market makers place orders that are matched with buyers. These exchanges frequently employ algorithms to facilitate efficient trading and order execution.
For the best experience, look for exchanges with diverse cryptocurrencies available for trading, low fees for credit and debit card transactions (preferably 3% or below), and swift order execution. Combining these factors can lead to a seamless and rewarding trading journey.
Here is a general comparison table of the best crypto exchanges in USA. But remember that the market constantly fluctuates, and data may change.
We recommend referring to the official websites of these best crypto exchanges for US to receive the latest and precise information.
Pay attention!
It’s essential to note that users should always exercise caution and conduct proper research before engaging in any cryptocurrency transactions. This will help to ensure the safety and security of their assets.
Let’s consider the best crypto exchange for US. In this section, we will provide detailed insights into their unique strengths and features
Year of establishment: 2012
Coins: 230+
24h trading volume: $2 bln
Coinbase has proudly grown its user base to encompass more than 100 million traders. The exchange is regulated in the US and offers a safe environment to buy and sell over 230 cryptocurrencies, attracting first-time crypto buyers. The platform's app-like interface makes it easy for users to transition to crypto investing. Also, this exchange has a Coinbase Earn program, where users can gain insights into trading various cryptocurrencies and even earn free crypto as rewards.
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Despite these drawbacks, Coinbase's ease of use and extensive offerings make it a noteworthy choice for both new and experienced crypto investors.
Year of establishment: 2007
Coins: 80+
24h trading volume: no info
eToro, the top-notch crypto exchange of 2024, is the ideal platform for starting your cryptocurrency journey. It offers a wide selection of new and popular cryptocurrencies, from well-known ones like Bitcoin, Dogecoin, and Cardano to emerging ones. Even better, you can invest in any of these supported cryptocurrencies starting from as low as $10, making it suitable for both budget-conscious and diversified portfolio investors.
One of eToro's major attractions is its incredibly low fees compared to other exchanges. Traders are charged just 1% of the total transaction amount as a commission, and USD deposits made through debit/credit cards, e-wallets, or bank transfers are fee-free.
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eToro is one of the best crypto exchanges in USA that supports traditional securities, with over 3,000 stocks from major exchanges, along with zero trading commissions.
Year of establishment: 2013
Coins: 230+
24h trading volume: $570 mln
Over the years, Kraken has solidified its position as one of the best crypto exchanges for US customers. Its extensive support for more than 200 cryptocurrencies showcases its commitment to catering to diverse trading needs. One of Kraken's key strengths lies in its offering of leveraged trading options, providing traders with up to 5x leverage on over 100 markets. This particularly benefits seasoned investors who seek greater opportunities in the crypto landscape.
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Kraken stands out as a solid choice for experienced traders seeking a reliable, versatile, and cost-effective crypto exchange. With its wide array of supported cryptocurrencies, sophisticated trading tools on Kraken Pro, and competitive fee structures, it caters to the diverse needs of the crypto trading community.
Year of establishment: 2014
Coins: 70+
24h trading volume: $86 mln
Gemini, emerging in the crypto space during the 2010s and officially launched in 2014, sets itself apart with a strong focus on top-tier security measures. This, another one of the best US cryptocurrency exchanges, is well-funded and user-friendly. It caters to high-performance traders with advanced tools. One of its standout security features is the inclusion of hot wallet insurance, ensuring the safety of user funds in the event of a security breach.
In addition to its exchange services, Gemini cryptocurrency exchange also allows users to trade non-fungible tokens (NFTs) and offers crypto rewards through its credit card. Users can even earn up to 4.83% APY (annual percentage yield) by staking their crypto assets.
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Gemini cryptocurrency exchange has rightfully earned its place on our list for its rewards opportunities, reliable mobile app, extensive range of supported cryptocurrencies, top-notch security measures, regulatory compliance, transparent fee structures, and user-friendly features.
Year of establishment: 2016
Coins: 300+
24h trading volume: $1 bln
It is an exchange dedicated to streamlining the process of buying and selling cryptocurrencies, emphasizing user-friendly experiences. The Crypto.com platform has prioritized the development of an intuitive mobile application, ensuring convenient cryptocurrency transactions while on the move.
Moreover, Crypto.com has gained recognition for its lucrative crypto credit card rewards program. By staking CRO (Crypto.com's cryptocurrency) while using the card, users have the opportunity to earn rewards of up to 5%. Crypto.com's features also include loans, a decentralized wallet, and an NFT marketplace.
The exchange is presently accessible in 49 states across the United States of America and its territories.
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Crypto.com stands out for its exceptional mobile crypto trading experience, catering to both beginners and experts. This one of the best US crypto exchanges offers a wide range of products and support assets, it serves as a comprehensive one-stop shop for crypto enthusiasts.
Year of establishment: 2017
Coins: 750+
24h trading volume: $1 bln
The KuCoin platform provides extensive features and cost-effectiveness, making it an attractive option for experienced cryptocurrency investors, especially those outside the U.S. However, it's vital to note that KuCoin lacks regulatory approval to operate in the U.S., limiting its accessibility for American users. But people still can make their accounts on this exchange.
Unfortunately, accounts based in the U.S. won't undergo verification and will face restrictions on features. Withdrawals for U.S. users are capped at a limited amount every 24 hours, approximately 1 BTC (equivalent to around $400).
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Despite the cons, all these unique features position KuCoin as an appealing choice for users seeking a comprehensive, secure, and feature-rich cryptocurrency exchange.
Year of establishment: 2017
Coins: 350+
24h trading volume: $14 bln
According to Statista, Binance is one of the biggest cryptocurrency exchanges based on its volume as of 2024. Binance has gained widespread popularity for several reasons, notably its global accessibility, spanning over 180 countries, making it available to users worldwide. For U.S. users, Binance provides a platform called Binance US.
Also, the platform's popularity can be attributed to its user-friendly interface. This makes Binance one of the most easy cryptocurrency exchanges to navigate. Whether users are looking to buy, sell, or trade crypto, Binance offers a seamless experience that can be completed within minutes.
For beginners, it's advisable to explore the educational resources provided by Binance to gain a better understanding of these features and services. While acknowledging that no platform is entirely risk-free, Binance is widely recognized for maintaining high-security standards, positioning it as a leading choice in the cryptocurrency exchange landscape.
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Despite some drawbacks, Binance is a preferred option for many, thanks to its wide array of available coins, support for various eWallets, user-friendly mobile app, and robust security measures.
Year of establishment: 2013
Coins: 260+
24h trading volume: no info
It is a global and versatile digital trading platform with a user base exceeding 10 million. Through the UpHold mobile app, users can purchase and trade an extensive range of assets, including 260+ cryptocurrencies. Interestingly, UpHold goes beyond conventional options by offering the trade of 27 national currencies and precious metals.
In cryptocurrencies, Uphold excels in providing access to a diverse array of assets often overlooked by other platforms. This unique feature allows users to explore and invest in a broader spectrum of altcoins, creating a distinct advantage for those seeking a more varied and comprehensive portfolio.
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UpHold is an excellent option for traders with different experiences and diverse trading aims.
Year of establishment: 2013
Coins: 25+
24h trading volume: no info
Robinhood, with a selection of 25+ cryptocurrencies, stands out for its simplicity and low barriers to entry. While it has a more limited cryptocurrency offering, it compensates with features like futures trading and staking options, attracting users looking for streamlined trading experiences.
Notably, this exchange is exclusively operational within the United States, adhering to stringent U.S. financial regulations. Although U.S. citizens residing abroad can use its services, Robinhood remains inaccessible to non-U.S. residents. There are currently no indications of plans for expansion into the UK or European markets.
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In essence, Robinhood is considered one of the best crypto exchanges for US residents. This solution is reliable, secure, and cost-effective for users.
Year of establishment: 2013
Coins: 130
24h trading volume: $7 mln
CEX.IO stands out as a regulated cryptocurrency exchange, providing a platform for trading, investment, borrowing, and crypto earnings. Spanning 99% of countries and 48 U.S. states, CEX.IO has established itself as a global crypto exchange ecosystem, catering to a user base exceeding 5 million.
This exchange offers a diverse array of tradable assets and advanced trading functionalities, making it an appealing choice for seasoned crypto traders seeking comprehensive features. However, newcomers might feel a bit overwhelmed by the abundance of functionalities and features available on the platform.
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In general, offering an array of trading options, investment opportunities, and advanced features, CEX.io is a good choice for a broad audience of traders.
Year of establishment: 2018
Coins: 1900+
24h trading volume: $1 bln
MEXC Global, previously known as MEX Exchange, is a prominent cryptocurrency exchange based in Singapore. Gaining popularity swiftly, the platform garnered favor among blockchain and cryptocurrency enthusiasts. Noteworthy for featuring both established and emerging digital assets, MEXC Global prioritizes providing a diverse range of cryptocurrencies for trading.
With a commitment to delivering a secure and user-friendly trading environment, the platform continually evolves its services and features. MEXC Global encompasses leveraged trading, spot trading, and futures trading. This exchange also provides many other financial products, aligning with the dynamic needs of the cryptocurrency industry.
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MEXC is a trusted and convenient-in-use cryptocurrency exchange, providing an extensive array of assets and trading pairs. It is one of the best crypto exchanges USA, with high security, ongoing innovation, and active community engagement.
Year of establishment: 2017
Coins: 900+
24h trading volume: $878 mln
BitMart operates as a centralized cryptocurrency exchange, catering to a diverse user base exceeding 9 million globally. It stands out for its array of services, including staking, lending, savings, derivatives, and an extended range of spot trading choices.
This exchange accommodates traders of different skills, offering features like futures and margin trading with leverage options. Users benefit from a secure wallet, a user-friendly interface, and a dedicated mobile app, along with access to major cryptocurrencies and an NFT marketplace. So, BitMart is a versatile platform for crypto trading and investment.
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Despite the BitMart exchange being available in the United States, users should be aware of any potential limitations or restrictions that may apply based on their location within the country.
Year of establishment: 2018
Coins: 600+
24h trading volume: $1 bln
Bitget is a major player in the crypto exchange field, offering a vast array of 500+ crypto trading pairs, including options such as USDT/USDC-margined futures. This platform caters to a diverse user base, especially for seasoned traders.
Amid market fluctuations, Bitget has demonstrated remarkable growth, particularly during bearish periods, showcasing its resilience. Experiencing a substantial transaction volume surge exceeding 300% in 2022, Bitget has solidified its global standing among the top derivatives trading blockchain platforms.
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The Bitget platform's distinctive combination of innovative features, robust security protocols, and adherence to regulatory standards positions it as a formidable and trustworthy player. Its readiness to improve user experience and adapt to changing market dynamics shows a promising trajectory for future development.
Year of establishment: 2014
Coins: 30+
24h trading volume: no info
Bisq stands as a decentralized peer-to-peer platform for cryptocurrency exchange, enabling secure and private buying and selling of digital assets. By introducing innovative trading methods and prioritizing user autonomy, Bisq provides a trustworthy and confidential alternative to conventional centralized exchanges.
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Bisq is one of the oldest DEX that gained user trust. By the way, it predates the likes of Quickswap and Uniswap.
Year of establishment: 2011
Coins: 80+
24h trading volume: $280 mln
Bitstamp is a popular fiat-crypto exchange offering mobile trading applications, crypto lending services, and rewards for staking. The platform facilitates fiat-to-crypto transactions, allowing users to exchange EUR or USD for various crypto assets. Bitstamp supports trading for 80+ coins, including popular ones like Tether, Solana, Bitcoin, and Ether.
Opening an account with Bitstamp requires no minimum deposit, though there is a $10 minimum order size. Security measures at Bitstamp comprise crime insurance, cold-wallet storage, withdrawal address whitelisting, and access to a worldwide banking network.
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In summary, Bitstamp presents itself as a reliable and regulated cryptocurrency exchange. This platform appeals to those seeking a well-established player focusing on security and fiat trading options.
Cryptocurrency exchanges operating in the United States must adhere to a changing regulatory field. The key aspects include the following:
Registration and licensing: Exchanges are required to register as money services businesses (MSBs) with FinCEN (Financial Crimes Enforcement Network), ensuring compliance with AML (anti-money laundering (AML) and KYC (know your customer) regulations.
State-level regulations: States may impose specific regulations and licensing requirements for virtual currency businesses, exemplified by New York's BitLicense.
Securities regulations: The SEC (U.S. Securities and Exchange Commission) regulates cryptocurrencies deemed securities, impacting exchanges listing such tokens. For example, the recent legal development in Ripple Labs' battle with the SEC over XRP might indicate the initial strides toward regulatory clarity in the U.S. cryptocurrency sector.
Commodity regulations: The CFTC (Commodity Futures Trading Commission) oversees cryptocurrency derivatives and futures, as certain cryptocurrencies are classified as commodities.
Tax reporting: Exchanges furnish tax information for users, documenting cryptocurrency transactions.
Token listing policies: Exchanges set criteria for listing new tokens, emphasizing regulatory compliance, project legitimacy, and steering clear of securities.
Users should be mindful of exchange terms, including geographical restrictions. Indeed, for the latest information, consult official regulatory sources or legal professionals.
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Selecting the right cryptocurrency exchange is a crucial step when venturing into the world of online crypto trading. Keep in mind that the best crypto exchanges for US citizens are those that prioritize security, provide users with easy-to-use platforms, and facilitate high trading volumes while offering a broad selection of cryptocurrencies and multiple payment options.
If you are considering developing a profitable crypto exchange project, feel free to reach out to us for a free consultation.