Would you believe someone if they told you that ten years from now, teleportation will make the current transportation system obsolete? The most likely answer would be a straight-up ‘No’. This is similar to what happened to Cryptocurrency when it started as a grassroots movement by the people deciphering the limitations of traditional banking methods. Fast forward to the present, crypto mining has found its niche in the global financial market and gained global acceptance. Here are the top 10 Crypto Exchanges dominating the American market.
With one of the most secure and stable wallet systems with no reported hacks, Coinbase is currently the most renowned platform for Bitcoin trading. Features like availability in 100+ countries, multiple payment gateways, support for more than 46 cryptocurrencies make it one of the most reliable platforms for trading. If you are a new investor willing to build a portfolio from scratch, Coinbase provides a seamless experience in Crypto trading with its easy-to-use UI. One could have second thoughts about using Coinbase because of its relatively higher fee than the competition.
Providing one of the lowest trading fees ranging from 0% and 0.1 %, Binance has taken crypto trading to the next level. A dedicated portal for US residents Coinbase.US gives them an edge over the rest of the portals as they allow trade and other services in USD. The rise of Coinbase could be understood by the simple fact that it maintains the highest trade volume. Apart from having more than 50 assets to buy from and multiple payment gateway systems to deposit USD, Binance is also a leader amongst the rest due to its trading discounts. The only prerequisite being that the user’s age is 18 years or more.
Popularly known for deep diving into Cryptocurrency in 2013, way earlier than the rest of the competitors, CEX.IO is one of the oldest and trusted brands. An impeccable record of 0% customer fund loss, numerous payout systems, feature to sell coins instantly and withdraw fiat profits to a VISA or Mastercard has made CEX.IO a market leader in its segment. Despite having a relatively lesser number of assets compared to other portals, CEX.IO compensates with a higher share of the customer base.
FTX.US is widely known for creating the world’s first crypto index futures, allowing users to earn gains by using future contracts against the real-time rise and fall of indexes. FTX.US provides its users the unique facility to move contracts with the changing prices of the coins. With 100+ assets in their pocket, FTX.US has become the go-to platform for intermediate and advanced traders, providing a detailed dashboard in both its application and website. Spearheading margin trading with detailed future options makes FTX.US an industry leader, but it lacks the ease of quick trade for beginners.
eToro lets you mirror the trades made by your friends, along with expert and profitable traders. Since its inception in 2007, eToro has maintained its value of ‘you learn while you earn.’ Having one of the cleanest UI, it helps new investors in trading crypto without any hassle. The interface is embedded with risk management tools and social media integration to connect with fellow traders to discuss market strategies, watchlists, etc. Unique features such as copy-pasting the trades of others and making connections allow eToro to charge a slightly higher fee (0.75% per BTC trade) than the rest.
Leading from the forefront in the crypto world since 2011, Kraken has remained one of the favourite trading platforms for more than 4 million investors. Currently offering 47 assets at a competitive market fee, Kraken helps the investors chart their trade flow with tools specially designed to leverage as the trade volume grows. A slightly higher fee (0.16%) than the other platforms is something to look out for before investing. Simplified and reliable trading for beginners and intermediate traders has made Kraken a leading name in cryptocurrency exchange.
One of the leading crypto exchange and trading platforms with over 5 million app downloads, Crypto.com lets its users buy crypto with zero credit card fees for the first 90 days. A complete feature-loaded app that allows users to buy, store, load, trade, and even pay bills using cryptocurrency makes Crypto.com a unique platform for beginners and intermediate traders. A bare minimum of 0.2% fee for trading in volumes and a $25 referral reward for bringing in new users has made Crypto.com a widely used platform despite having slow in-app live support.
As a simple platform to buy and swap cryptocurrencies, Changelly uses an algorithm to track the latest advancements in the market and allows users to buy/trade on best-aggregated rates. Along with being one of the simplest platforms to create an account with, Changelly offers many user-friendly features like a beginner-friendly interface, swapping crypto, and easy transfer into an offline wallet. Despite being slightly lower on the best price claims according to the recent trends with a daily limit of up to $20,000, Changelly is still one of the leading cryptocurrency swapping websites in the market.
A New York trust company founded with a “security-first” mindset, Gemini has built an elegant yet secure way of investing in cryptocurrency for everyone. Being a fiduciary and qualified custodian in the American market gives Gemini an edge over the rest of the competitors in terms of credibility, with notable features like an advanced trading platform, secure wallet system, and off-exchange trades. Gemini is a bit expensive when it comes to small trades and has considerably less token availability (26) on the platform, which makes it a bit less popular when it comes to becoming a jack of all trades in the cryptocurrency market.
Established in 2013 in Israel, Coinmama is one of the few platforms that have successfully managed to leave its mark in the global cryptocurrency market. Features like support for Apple pay, credit cards, and bank transfers make Coinmama a simple and faster way to start trading in cryptocurrency. With an already higher trading fee than its competitors, a data breach in 2019 affecting 450,000 users affected the popularity of this platform due to data safety concerns.
Above are the 10 best crypto exchanges in the USA. The emergence of cryptocurrencies has aroused interest in many people, and everyone wants to have a share of cryptocurrency these days. First, one needs to register with the best crypto exchanges to buy, sell, and trade cryptocurrencies.