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Cryptocurrency trading is gaining in popularity. This is mainly because the crypto market is more accessible than the stock market, and assets are more volatile, allowing you to get a decent income quickly. But the risks increase accordingly.
The U.S. is home to many of the world’s leading cryptocurrency exchanges: Coinbase, Gemini, Kraken, and others. The country has a well-developed legal framework for cryptocurrency and blockchain regulation. How to choose a cryptocurrency exchange in the U.S. that will meet all the positive criteria, will be reliable and safe?
Alex is here to guide you through all the nuances of cryptocurrency exchanges in the U.S., point out all the indicators to consider, and help you not to get caught in the bait of scammers. The ranking of the best cryptocurrency exchanges in the United States is as follows below.
- Top US Cryptocurrency Exchanges in 2021
- Best Cryptocurrency Exchanges in The US: Reviews 2021
- 1. Coinbase Exchange
- 2. Kraken Exchange
- 3. CEX.io Exchange
- 4. Binance Exchange
- 5. Gemini Exchange
- 6. Bittrex Exchange
- 7. Changelly Exchange
- 8. Bitstamp Exchange
- 9. LocalBitcoin Exchange
- 10. CoinMama Exchange
- What to Know About Cryptocurrency and Bitcoin Exchanges in 2021
- The Best Bitcoin Exchanges
- The Most Popular Cryptocurrency Exchanges
- Cryptocurrency Exchange With Lowest Fees
- The Best Cryptocurrency Exchange App
- The Largest Cryptocurrency Exchanges
- Cryptocurrency Exchanges That Don’t Require ID
- The Safest Cryptocurrency Exchanges
- The Best Decentralized Cryptocurrency Exchanges
- The Best Cryptocurrency Exchange for Altcoins
- Cryptocurrency Exchanges That Let You Pay With Cash
- Best Cryptocurrency Exchange For Beginners
- What’s next?
Top US Cryptocurrency Exchanges in 2021
Hope this ranking has helped clarify for you which exchanges we think are preferable for use in the United States. Every cryptocurrency marketplace has its shortcomings, so there is no single digital marketplace with a flawless reputation. But all platforms from our list have a positive reputation. When choosing, be guided not only by commissions but also by the usability of the forum. It is not necessary to be limited to one exchange.
The availability of the crypto market gives users many opportunities and flexibility in terms of the choice of trading platforms. You can choose several of the most suitable exchanges for you. Let’s take a closer look at each cryptocurrency exchange presented in our ranking.
Best Cryptocurrency Exchanges in The US: Reviews 2021
1. Coinbase Exchange
Coinbase is a U.S. exchange used to buy, sell, transfer, and store digital currency. It has very high liquidity. It allows scheduling currency trading on a daily, weekly, or monthly basis. It offers about 30 cryptocurrencies, accepts fiat. The commission for trading is 1.49-3.99%.
It is considered one of the safest and stores customer funds on offline cold storage. The platform supports over 100 countries. It has a simple user interface and an app for iOS and Android devices.
2. Kraken Exchange
Kraken was registered in 2011 in the U.S., although the exchange itself started operating in 2013. This trading platform supports about 20 cryptocurrencies, 56 trading pairs but does not have its exchange token. Verification is mandatory; at higher verification levels, users open margin trading with a leverage of x5.
Among the advantages of the exchange, users refer to the use of reliable instruments. The company does not approve dubious ICO/IEOs and coins that are highly likely to be created by fraudsters. The trading commission is relatively small and amounts to 0-0.26%.
The disadvantages are the complicated interface (in particular, the trading interface), which makes it difficult for newcomers to work on the exchange, and, possibly, the team hides cases of platform hacking.
3. CEX.io Exchange
CEX.io platform started its operations in 2013. It has official registration in the UK and a license for financial activity issued by FinCEN. The company was one of the first to offer the ability to exchange cryptocurrencies into fiat currency and the ability to pay via bank cards and electronic payments.
The daily trading volume is more than 100 million USD. This exchange will suit beginners and those who need an instant exchange. Supported fiat currencies: RUR, USD, EUR.
It has more than 3 million registered users, and citizens of almost all countries can register on CEX.io, including 47 states of the United States. Has cold storage of user assets, there hasn’t been any theft of investors’ money since the trading platform’s existence. Obligatory client verification.
4. Binance Exchange
Binance is the most famous international exchange. It started its activity in 2017, and by the end of the year, it was in the top list of the largest trading floors by trading volume. Legally the company was registered in Hong Kong but moved to Malta in 2018. The exchange accepts fiat; it is possible to pay with a bank card, but verification is required, margin trading is available.
There are more than 380 cryptocurrency pairs. The listing includes 146 coins and tokens: Bitcoin, Ethereum, Litecoin, Stellar, Nem, IOTA, Cardano, etc. The commission is 0,1 % of the transaction volume (the commission is reduced to 0,075 % when buying BNB-token). Without verification, you can withdraw 2 BTC per day. Binance is a reliable crypto exchange for cryptocurrency trading.
5. Gemini Exchange
Gemini is an exchange founded by the Winklevoss brothers, the world’s first cryptocurrency billionaires. Focused on the American client, the site strictly complies with regulators’ requirements in New York and other states. That’s why there aren’t many cryptocurrencies here – BTC, ETH, LTC, BCH, ZEC.
Gemini also has its stable coin Gemini Dollar. Several instruments are available to traders, and deposits and withdrawals are only available in U.S. dollars. Orders of the following types are available: MOC, IOC, market, and limit orders. Through limit orders, one can enter the intra-market auctions.
The advantages of the exchange include reliability and availability of custodial services for large customers, while the disadvantages are working only with clients from the U.S. and several other developed countries.
6. Bittrex Exchange
Bittrex is considered a very reliable and secure crypto exchange. It was founded in the U.S. At the beginning of 2017, it offered 276 pairs to clients, which could attract new users, and with the growth of their number, the daily trading level increased, crossing the mark of $1 billion. At the moment, the exchange offers more than 500 cryptocurrencies, including tokens, which competitors do not.
To withdraw funds, you will have to go through the verification of the account. The exchange has its mobile app, available on Android and iOS. Exchange Bittrex Global stopped providing services to customers from some countries of the former Soviet Union.
7. Changelly Exchange
Changelly is more of a cryptocurrency exchanger than a bitcoin exchange. However, it is an online platform supporting many more virtual currencies than most others, including Monero, Dash, Bytecoin, and DigitalNote. If you mine a less popular currency, chances are Changelly can exchange it for you.
This exchange comes from the popular MinerGate mining platform, which provides a pool for mining on Windows, Mac, Linux, and Android operating systems. Although Changelly specializes in exchanges between different cryptocurrencies, users can also buy cryptocurrency with U.S. dollars or euros.
Note that this exchange has a shorter track record, as it only entered the market in 2016. The exchange’s commission is 0.5% of transactions. There are also many reviews about Changelly; there are both positive and negative ones. The negative ones mention only delays in payments.
8. Bitstamp Exchange
Bitstamp is an English-language platform with a daily trading volume of $350 million. Offers analytical tools for experienced and novice traders. Helps acquire cryptocurrency with a variety of deposit options, including credit cards. The number of cryptocurrencies reaches more than 50. The commission for trading is 0.5%-1%. The greater the volume of trades – the less it is, and vice versa.
The exchange’s peculiarity is the lack of withdrawal limits and the ability to withdraw funds directly from your bank account. Bitstamp is an exceptionally reliable and secure exchange that keeps assets in cold storage for security purposes and encrypts all personal data.
9. LocalBitcoin Exchange
LocalBitcoins allows you to exchange and buy bitcoins without commissions. The platform was created in 2012. It supports the exchange of currencies between individuals without the intervention of regulators. In other words, it works on the P2P system: it gives users an opportunity to publish their ads where they need to specify the exchange rate and the method of payment acceptable to them. There is a wide choice of payment methods; the purchase of Bitcoin for cash is possible.
For the security of transactions, the service uses the system of depositing accounts: the cryptocurrency is blocked on the seller’s history and guaranteed to be sent to the buyer as soon as he makes the payment. The commission is paid only by the buyer, and it is equal to 1%. The interface is translated into seven languages.
10. CoinMama Exchange
Coinmama is one of the best exchanges for novice traders because its functionality is relatively easy to understand for someone who has never traded before. The exchange was founded in 2013 and allows buying cryptocurrencies with a credit or debit card and provides instant delivery of assets to a wallet.
Coinmama supports ten cryptocurrencies, accepts fiat, and charges a 5.5% trading fee. Verification is required, but it is swift and provides additional features. The exchange has excellent 24/7 support for its customers.
What to Know About Cryptocurrency and Bitcoin Exchanges in 2021
According to CoinMarketCap, there are more than 2,000 cryptocurrencies in circulation today. Investors worldwide are looking to profit by trading in this rapidly growing market, so many crypto platforms have emerged to meet the need for infrastructure to exchange digital currencies.
The blockchain projects received the most incredible popularity, theoretical and practical elaboration in the USA. In part, this is due to the lenient regulatory regime that has applied to blockchain technology and odious cryptocurrencies since their inception.
The Best Bitcoin Exchanges
Since bitcoin was one of the first cryptocurrencies that appeared on the market and remained the most in-demand, it is not surprising that almost all cryptocurrency exchanges bitcoin can be traded and exchanged.
This is why the U.S. cryptocurrency market will not be categorically different from markets in other countries. It is worth taking a closer look at the most well-known and well-established cryptocurrency exchanges. List of the best bitcoin exchanges in the U.S. according to trader reviews in 2021:
When choosing a place to trade, it is necessary to evaluate specific sites objectively. Reviews are beneficial in this. After all, in theory, you can always talk about the pros and cons of cryptocurrency exchanges, make loud statements and use unique vocabulary. However, the honest opinions of traders will give the correct picture of this or that service.
The Most Popular Cryptocurrency Exchanges
When we talk about this or that exchange’s popularity, we are somehow talking about the number of users and the daily trading volume. After all, the higher these figures are, the more popular and promoted an exchange is. Based on the above, it becomes clear that the most popular exchanges will be some of the oldest and most proven because they are always on the lips. These include Binance and Coinbase.
These exchanges offer a convenient and straightforward service that will be understandable even to newcomers and have on their sites materials that promote beginner traders’ training. All this cannot but have a positive effect on the popularity of the cryptocurrency exchange.
It is also worth mentioning Kraken, which is still one of the most popular exchanges after so many years, even if its functionality is more complicated than the two exchanges mentioned above.
Cryptocurrency Exchange With Lowest Fees
All cryptocurrency exchanges charge transaction fees. As a rule, a nominal percentage of the transaction amount is charged. Commissions on exchanges can vary in terms of conditions, so when choosing a site, pay attention to the commission percentage and the principle of its calculation. For our readers, we’ve compiled a shortlist of cryptocurrency exchanges with the lowest fees in the US:
- Binance, Exmo, KuCoin charge 0.1% per crypto exchange.
- YoBit, HitBTC, Bitfinex (after verification) charge 0.2% each.
- Bittrex and Kraken (after verification) charge 0.25% each.
Among the best venues with minimal commissions, we should highlight Binance, where the commission can be lowered with the exchange’s native tokens. Also noteworthy is Exmo, though it takes 0.1% each, but both makers and takers.
If we are talking about simple crypto purchases, US buyers’ cheapest exchanges are Kraken and Changelly (0,25%).
The Best Cryptocurrency Exchange App
If you want to buy, sell and exchange cryptocurrencies using your cell phone, you will be pleased to know that there are many options on the market. Many apps have emerged as a response by trading platforms to the rise in popularity of currencies. The growth itself was partly a result of the lifting of restrictions worldwide on the use of cryptocurrencies.
The best U.S. cryptocurrency trading apps are eToro, which is available for IOS and Android. In total, eToro allows you to buy and sell 16 cryptocurrencies in the app: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and others.
Binance also has a great app. It is the best mobile app for cryptocurrency by the number of pairs traded. For beginners, Coinbase will do.
However, it is always worth remembering that it is better to try for yourself and understand what qualities will be fundamental for you to choose that will be 100% yours.
The Largest Cryptocurrency Exchanges
One of the leading indicators of the success of exchange and its status is financial turnover. The higher the trades’ volume, the more active users are on the site and therefore trusted. The trading volume is usually counted by the day – at the top exchanges, it can exceed billions in the dollar equivalent. Isn’t this a great indicator of popularity and demand?
Among other things, platforms with high financial turnover often have good protection, which stimulates the influx of new users and increases the number of transactions. Each forum has its advantages in minimal transaction fees, a user-friendly interface, a large number of trading pairs, etc.
There are no perfect conditions, so where there are advantages, there are also disadvantages and other pitfalls. So do not carry all of your money on one exchange. It is better to work on several, which suit you for most parameters. Returning to the best trading platforms in the U.S. in 2021, we propose to read the rating of the major players in the market:
- Binance: average daily turnover of $11,987,864,846.
- Huobi Global: average daily turnover of $11,772,237,831.
- Coinbase: average daily turnover of $3,652,830,751.
Cryptocurrency Exchanges That Don’t Require ID
KYC (“Know Your Customer”) is an international standard for user identification. Such a system protects the crypto-exchange itself from a legal perspective and enables intelligence services to determine the degree of risk of client involvement in unlawful activities.
From a customer’s perspective, verification on exchanges deprives them of the main advantage of working with blockchain – anonymity. But it is a kind of security fee, preventing fraudulent attacks and other cybercrimes. Choosing a crypto exchange to trade without verification in the U.S. will depend on several factors, including which exchange, centralized or decentralized, you want to make the exchange.
LocalBitcoins is an excellent example of a decentralized exchange and anonymous trading in the U.S. But suppose you prefer a more conservative option, i.e., to use a centralized exchange. In that case, Binance is a perfect solution for you because, with withdrawals of up to 2 BTC per day, verification is not required.
The Safest Cryptocurrency Exchanges
The following aspects are investigated to determine the reliability and security of a crypto-exchange: user account security, domain security, resistance to DoS-attacks, and web-security. The list of the most secure crypto exchanges in the U.S. is as follows:
Such a popular exchange as Bitfinex was not included in the list because, in August 2016, the site was targeted by cybercriminals who stole over $70 million in cryptocurrency. This incident caused considerable reputational damage to the service.
Even though the listed exchanges show an excellent safety record, it should be remembered that an exchange is primarily a place where cryptocurrency is traded, not stored. The most reliable place to store electronic savings is the so-called cold offline wallets. Also, it is not recommended to keep all your money in one place, use various services to avoid large losses.
The Best Decentralized Cryptocurrency Exchanges
This type of exchanger allows you to exchange cryptocurrency with other people directly through the blockchain network. Unlike centralized exchanges, there is no need for an intermediary; accordingly, there is no central server or controlling service.
For traders from the US, it is better to consider Changelly. This platform features a large selection of cryptocurrencies and automatic conversion of any currency to USD or EUR, regardless of what currency you purchased the coins in. We also recommend LocalBitcoins for Bitcoin traders and IDEX for Ethereum traders.
The Best Cryptocurrency Exchange for Altcoins
Of course, bitcoin is the most widely used cryptocurrency right now. But if you bet on just one bitcoin, you can lose everything if you fail. Let’s say you use different strategies, which to some extent protects you from this. But that’s not certain because if you’re a beginner and just starting to try your hand at trading, you won’t have enough experience to react quickly to market fluctuations. If you invest in several coins at once, including altcoins, you definitely won’t miss anything.
As for the best cryptocurrencies for altcoin in the US, our number one recommendation is Binance. The exchange trades about 150 altcoins, has its token, high security, and is suitable for beginners.
CEX.io and Coinbase are also worth checking out, as they both have a decent variety of altcoins. But Kraken crypto exchange is suitable for experienced traders because, for beginners, the interface may seem complicated.
Cryptocurrency Exchanges That Let You Pay With Cash
Cryptocurrencies can be exchanged for cash not only on exchanges but also at ATMs. This is an opportunity for U.S. residents opened by LibertyX, which launched the first 5,000 bitcoin-enabled ATMs.
You can also use debit and credit cards, Coinbase Pro and CEX.io offer this opportunity, but it is worth mentioning that the fee for such a purchase will be significant: Coinbase charges $3.99 for each transaction, and CEX.io charges 3.5% for the entire transaction + £0.20.
If you want to buy Bitcoin or Ethereum in cash, your best bet is to use P2P networks like LocalBitcoins or LocalEthereum. They allow you to buy coins at a bargain price. Plus, you can negotiate the payment method yourself.
Best Cryptocurrency Exchange For Beginners
If you are taking your first steps as a digital currency trader, pay attention to those exchanges that were created with a focus on beginners. There are real mastodons at the top of cryptocurrency exchanges that can quickly swallow a novice trader. And a beginner needs very little: time and comfortable conditions to get acquainted with the market and get acquainted with the necessary working tools.
And this, in our opinion, is a correct approach – to gradually get into the basics of working in the cryptocurrency market. After all, digital trading currencies do not accept hasty decisions. As for a specific ranking of cryptocurrency exchanges for US beginners, here are our top five:
These platforms are the best solution for those who are just learning to work with digital currencies. These platforms will allow you to enter into transactions even if you do not have a huge knowledge baggage. After all, the most important thing is the right start.
The choice of crypto exchanges in the USA is huge. You can find and choose something that will fit your exact interests and preferences from all the variety. The top of the best cryptocurrency exchanges that we compile allows the trader to select the best exchange(s). At Artex Global, we are proud to have helped many people understand the blockchain processes and choose the proper exchange.
Suppose you want to learn as much as possible about other markets. In that case, you can read our other guides: the best cryptocurrency exchanges in the UK, the best Canada cryptocurrency exchanges, the best New Zealand cryptocurrency exchanges, and the best Australia cryptocurrency exchanges.
I have been studying cryptocurrency for over 5 years. I have accounts in every exchange and I test everything on myself.
I want this market to be more understandable for everyone.