Cryptocurrency has taken the world by storm; everybody wants to trade cryptocurrencies. The users should need a regulated and safe cryptocurrency exchange to buy or sell digital currencies, and trade digital currencies such as Bitcoin, Ethereum. Litecoin, Dogecoin, etc.

Due to the rise in the value of Bitcoin, people are interested to trade Bitcoin and other cryptocurrencies, even though it is pretty intimidating initially. Before choosing an exchange, the user should watch out for scams that have become an essential aspect of most cryptocurrency exchanges these days.

Best Cryptocurrency Exchanges for USA: Top 10 List!

We have reviewed and compiled a list of the major crypto exchanges in the USA for the user’s benefit.

OKCoin

OKCoin was founded in 2013, and it is one of the largest and most popular Bitcoin exchanges with a trade volume of more than 16 million Bitcoins that are transacted per month. OKCoin exchange cryptocurrency is based in Beijing, China, and offers its services to users from Asia and China; also, it accepts experienced crypto traders around the world.

It is registered as a Money Service Business(MSB) with FinCen (the Financial Crimes Enforcement Network) and VFAA (Virtual Financial asset Act), and Malta Financial Services Authority authorizes this exchange.

OKCoin - Best Crypto Exchange for USA

Pros and Cons of OKCoin

Pros Cons

OKCoin Fees

OKCoin charges a taker fee of 0.20%, which is at par with the industry average. Moreover, other crypto exchanges offer a discount on the maker fee of 10%. OKCoin does not charge any withdrawal fee for withdrawing BTC.

Bittrex

Bittrex is one of the topmost leading virtual crypto exchanges that offer stringent account security measures; also, it offers two-factor authentication. It has a multi-stage digital wallet strategy to keep the crypto holdings and funds secure in offline cold storage.

Compared with many cryptocurrency exchanges, Bittrex efficiently provides many benefits such as low transaction fees and an instant buy and sell feature that helps the users exchange Bitcoin and other cryptocurrencies with a single click. Also, this platform can be accessed on both IOS and Android devices.

Bittrex - Best Crypto Exchange USA

Pros and Cons of Bittrex

Pros Cons

Bittrex Fees

In terms of maker and taker fees, this exchange charges 0 – 0.35%; Bittrex charges a flat commission of 0.25% on all the crypto trades executed. It does not charge a fee for withdrawals and deposits from the users.

Coinmama

Coinmama was launched in 2013, and it is registered in Slovakia. It offers a safe, fast, and easy way to buy and sell digital currency worldwide, including in the United States of America. Currently, it is serving more than 2.6 million users worldwide. Experts give investment advice for this exchange.

Coinmama accepts fiat currencies like EUR, GBP, USD, AUD, and CAD. Coinmama permits the users to buy cryptocurrencies through their Visa or MasterCard, credit or debit card, thereby helping the customers to buy crypto through safe and fast payment methods.

Coinmama - Top & Best Crypto Exchange for USA

Pros and Cons of Coinmama

Pros Cons

Coinmama Fees

Coinmama charges a commission fee of 3.9% that depends upon the preferred payment method used. If the crypto transactions are carried out through debit or credit cards, there is an additional 5.0% momentum fee. The orders executed through bank transfers are not charged a momentum fee or any other fee.

Gemini

Gemini is a regulated exchange for cryptocurrency based in New York. The Winklevoss twins founded it. Gemini is a legitimate and safe exchange licensed by the New York state department and financial services (NYSDFS). This exchange is one of the safest & best cryptocurrency exchanges preferred by buyers and sellers.

Some of the advanced features include institutional industry-standard measures that protect its user’s information, and their funds are stored in the exchange. Some security features are a desktop platform, multi-signature withdrawal process, cold wallet storage, encryption, two-factor authentication, brute force login protection, and whitelisting addresses.

Gemini - Best Crypto Exchange USA

Pros and Cons of Gemini

Pros Cons

Gemini Fees

Gemini exchange charges a different fee structure on the platform, and that depends upon the 30-day trading volume of the users. It follows the maker and taker model that starts from 0.25% – 0.35%. There is no deposit fee to transfer fiat currency or cryptocurrencies to the exchange; it does not charge a fee for bank transfer deposits and crypto coins. However, it charges a debit card purchase fee of 3.49% that also includes a trading fee.

Kraken

Kraken was founded in 2011, and it is one of the most popular Bitcoin and many crypto exchanges and is based in San Francisco, California. According to coinmarketcap, Kraken is ranked as one of the top five best crypto exchanges based on liquidity, traffic, and trading volume for the spot market.

Kraken is a regulated and licensed best overall crypto exchange platforms for USA with FinCEN. Kraken offers several cryptocurrencies for retail and institutional investors and provides margin and futures trading for its users.

Kraken - Best Crypto Exchange USA

Pros and Cons of Kraken

Pros Cons

Kraken Fees

This platform charges 0 to 0.26% per trade; 3.75% plus 0.25 Euros for credit card purchases, and 1.7% plus $1.10 for online transfers. Trading fees vary between the type of currency pair that is traded.

Changelly

Changelly is one of the well-known fiat-to-crypto exchanges where customers can buy crypto using debit or credit cards. It is one of the best exchanges that offers a simple-to-use interface for new and advanced traders to purchase and swap crypto assets. The users can directly send their digital assets to their best crypto hardware wallet for their security.

Changelly is one of the best websites where the user can swap crypto for another crypto. One of the significant benefits of this platform is that it uses a trading algorithm that helps users get the crypto rates for trading. Also, it offers a straightforward and intuitive platform, tools that permit the users to execute crypto trades efficiently. Changelly accepts several payment methods and offers many benefits for its users when compared with its competitors.

Changelly - Popular Cryptocurrency Exchange USA

Pros and Cons of Changelly

Pros Cons

Changelly Fees

Since cryptocurrencies are prone to high volatility, Changelly users are not offered any fixed rates or fees. When the users purchase the coins, it offers a fixed fee of 0.5 %.

Coinbase Pro

Coinbase Pro is one of the most popular exchanges and the best platform for experienced traders. Cryptocurrency transactions are instant when the users deposit funds. It was launched in 2015, and it offers several exciting features like high trading volumes, best security measures, lower fees, ease of use, and deep liquidity.

Coinbase Pro is the best cryptocurrency trading platform for high-volume and experienced traders. It offers features, advanced trading tools, and different types of orders for its users.

Coinbase Pro - One of the High Rated & Best Crypto Exchanges in USA

Pros and Cons of Coinbase Pro

Pros Cons

Coinbase Pro Fees

The coinbase platform charges a fee of 1.49% for the transactions executed through a bank account and charges 3.99% for debit card or credit card transactions. This is a significant disadvantage when compared with other best crypto exchanges.

Poloniex

Poloniex was established in 2014, and it is a well-known and one of the best crypto exchanges that is headquartered in San Francisco, California. This exchange mainly caters to US crypto investors/traders, and it also offers its services to users worldwide.

This exchange provides a wide range of altcoins that can be traded with Bitcoin. Poloniex is a centralized exchange that both beginners and experienced traders can use. It has advanced order types, a wide range of crypto markets, crypto lending, and margin trade for its customers.

Poloniex - Best US Based Cryptocurrency Exchange

Pros and Cons of Poloniex

Pros Cons

Poloniex Fees

Poloniex fees are the lowest when compared with other popular most crypto exchanges. This platform charges its users to execute margin and spot trades and cryptocurrency withdrawals. Poloniex VIP customers fall into the category of Poloniex silver, gold, or market maker tiers. They pay 0% as a maker and less than 0.04% for taker trades.

Paxful

Paxful is one of the top most exchanges for peer-to-peer finance platforms to trade cryptocurrency. It is a platform where the buyers & sellers get connected for crypto trading. Paxful offers numerous payment options to users. This platform removes borders as a limiting factor, and the trader can send money to purchase anything from anywhere around the world. Paxful’s community has more than 4.8 million active users, and it continues to grow.

Paxful - One of the Trusted Crypto Exchanges in USA

Pros and Cons of Paxful

Pros Cons

Paxful Fees

Paxful charges low trading fees for its users, and it does not charge any trading fees from its buyers. Paxful charges 1% of the fee from sellers where the seller includes the fees in the price of the crypto assets. Hence the Bitcoin price will be more on the Paxful platform when compared with other popular centralized exchanges. It offers the freedom to exchange cash for Bitcoins.

OKX

OKX is one of the world-class leading digital currencies exchange that offer advanced financial services using blockchain technology. This exchange is based in Malta and has several millions of users globally. OKX is designed to offer a secure and safe trading platform to their users and helps them to trade token coins and future trading pairs.

OKEx - Top Rated & Best Crypto Exchange USA

Pros and Cons of OKX

Pros Cons

OKX Fees

OKX fees are the lowest fee in the crypto market; hence it can be regarded as its major strength. Fees are based on 30-day average trading volumes, and it charges maker fees of 0.15% and taker fees of 0.2%. Although to know the full fee schedule of OKX check this link.

Types of Crypto Exchanges

There are numerous best cryptocurrency exchanges available for traders. There are two type of crypto exchanges: centralized and decentralized exchanges.

Decentralized exchanges include trading volume and decentralized exchange is more like market places. Several new centralized exchanges are cropping up every day. Let us look into the types of the global crypto exchanges:-

Fiat To Crypto Exchanges

Fiat-Crypto exchanges allow the users to purchase cryptocurrency directly using their fiat currencies. These are highly popular among users who are not familiar with cryptocurrencies as they will enable them to purchase their preferred cryptocurrencies without any problems easily.

Crypto To Crypto Exchanges

Crypto-to-crypto exchanges allow the users to buy bitcoin and cryptocurrencies using different cryptocurrencies. This implies that the user can buy bitcoin and crypto using fiat in a fiat-to-crypto exchange. They should store it in a crypto wallet of the crypto exchange before they proceed with exchanging another crypto coin.

Peer To Peer Exchanges

Peer-to-peer exchanges match a buyer with the seller to buy and sell cryptocurrencies. One example for peer-to-peer exchanges is Localbitcoins, where a buyer will check with a seller, thereby offering the best price for their coins. This type of exchange typically provides an escrow service by reducing the counterparty risk for buyers & sellers.

Our Criteria to Choose the Best Cryptocurrency Exchange

Choosing a suitable cryptocurrency exchange can have an impact on the trader’s crypto investments portfolio. Here we have given a few criteria to select the top crypto exchange:-

Research

When searching for the best exchange, the users should keep in mind that they should research any fraud or scams with their preferred exchange. They need to check for hacks if the exchanges support has already undergone in their earlier years.

Reputation

The trader should do their research when it comes to choosing the cryptocurrency exchange. They should check the reputation of the exchange before registering a trading account with them. They should thoroughly research the reputation and the reviews posted by other users.

Fees

The users should check the trading pairs and the transaction fees offered by the potential exchanges. The user should compare several fees like trading fees, deposit and withdrawal fees, etc. they should also check whether the exchange charges any hidden or additional fee for their services.

Final Thoughts

In conclusion, advanced crypto traders would like to trade crypto with their preferred exchange that provides different trading types like market orders, limit orders, prevent the risk of loss, and required margin. Further, users should check whether the cryptocurrency exchanges provide the margin they want or are still evolving in the United States and also if the exchange supports crypto asset. Suppose the user is looking to buy bitcoin or cryptocurrency; in that case, they should look for an easy-to-use platform and check whether the exchange provides educational resources, how-to-guides to understand the cryptocurrency market, their trading fees, etc.

FAQs

How Did We Choose the Top Crypto Exchanges in the USA?

We have researched different exchanges to find various options concerning low fees, cryptocurrency availability, crypto exchange account security, mobile access, and user interface. Also, the research has been done on these exchanges whether they provide services to both institutions and individuals, crypto exchanges offer options regarding margin trading support for stable coins and rewards.

Which Is the Best Cryptocurrency Exchange for USA?

Founded in 2011, Kraken is one of the most popular, licensed, regulated cryptocurrency exchanges. According to coinmarketcap, it is ranked in 5th position as per its services. Also, Kraken is licensed with FinCEN and is a highly rated Bitcoin-based crypto exchange.

Which Is the Safest Crypto Exchange in the USA?

According to research, Coinbase Pro is one of the safest crypto exchanges that powers Coinbase. Both Coinbase Pro and Coinbase offer the most secure crypto exchange and safest platform in the USA.

Risk Disclaimer – The users are advised to invest the amount of money they can afford to lose as cryptocurrencies are subject to market risk.

Source link: https://www.cryptonewsz.com/cryptocurrency-exchange/usa/

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