If you are based in the USA and interested in cryptocurrency trading, you will need to sign up for an account with a top-rated crypto exchange.
There are hundreds of crypto exchanges to choose from and most operate without a regulatory license. Therefore you need to choose wisely before risking any of your money.
In this guide, we discuss the best cryptocurrency exchanges in the USA right now based on a number of core metrics including fees, regulations, supported the market, and user experience.
If you are strapped with time and simply require an overview of the best crypto exchange in the USA right now – consider the three top providers below
If you want to start trading and buying cryptos now, then there is a quick guide explaining how to get started with the eToro crypto exchange in the USA in 5 simple steps.
And that is it – you've just learned how to buy cryptocurrencies at the USA's number one crypto exchange – eToro.
When searching for the best crypto exchange in the USA you need to consider a full range of metrics. Essential factors include how much the crypto exchange charges in fees, how many coins it supports and lists, and what payment methods the exchange accepts.
Taking all of that into account, below we have viewed the best crypto exchanges in the USA right now.
1. eToro – Overall the best crypto exchange USA
We found that eToro is one of the best and newest cryptocurrency exchanges available in the United States. It offers more than a dozen cryptocurrencies and comes with a unique social trading feature that lets users copy the trades of other investors. Unlike most of its rivals, eToro has a direct and clear pricing structure that garners the attention of several traders and investors.
Yet another factor that makes eToro one of the most appealing crypto exchanges in the USA is its user-friendly nature. Users can easily deposit funds with a US debit or credit card. Additionally, when it comes to fees, eToro is a true market leader.
And finally, eToro offers the best crypto coins like Bitcoin, Ethereum, XRP, ApeCoin, Solana, and many others, as well as top meme coins and metaverse coins.
eToro is one of the cheapest but best crypto exchanges available in the USA.
2. Coinbase
Another crypto exchange that is very popular in the USA is Coinbase.
Coinbase offers a large number of supported cryptocurrencies and a high level of security. The platform is known as one of the most beginner-friendly platforms. It mainly targets its exchange to casual traders with little to no experience in trading cryptocurrency and offers them an opportunity.
Along with that, Coinbase provides an advanced trading platform, the Coinbase Pro making it a suitable option for professional traders as well. Launched back in 2012, it is also one of the most established crypto exchanges in this space.
3. Binance
Binance.US offers a large number of trading pairs, making it one of the best crypto exchanges in the US market.
With its relatively lower fees, Binance.US has grabbed the attention of investors across the USA. It is the American partner of Binance, the world's largest cryptocurrency exchange by trading volume. The platform offers over 65 cryptocurrencies for investors to choose from. Moreover, Binance.US has an easy-to-use 'buy or sell' option for beginners. All the advanced traders can avail the benefit of its in-depth "basic" and "advanced" trading platforms.
It is essential that when searching for the best exchange in the USA, you have a checklist of core factors to consider before you choose a crypto exchange
Below are the key factors to consider before buying cryptos from any cryptocurrency exchange in the US.
Always ensure that the crypto exchanges offering services to USA users are regulated. Exchanges like eToro and Coinbase are both authorized and regulated, making them the best option for investors and traders.
With the number of online fraudsters rising rapidly, improving the security of funds and making your account less vulnerable is highly crucial. This is why security is a significant feature to consider while choosing an exchange. Always ensure that the exchange has enough security measures like two-factor authentication.
Once your account is created and opened, funding is the next necessary step. Exchanges like Coinbase allow you to deposit funds with a US debit or credit card but have a huge transaction fee of 3.99%. But platforms like eToro only charge 0.5% to deposit funds with a debit or credit card. Payment is certainly a crucial factor to consider since some exchanges only accept payment in digital currencies.
A user needs to pay a commission to buy and sell cryptocurrency online which varies across exchanges. Always ensure that the exchange you choose offers relatively fewer commission charges.
eToro could be the best exchange if you are looking for a user-friendly, established platform that supports many cryptocurrencies. However, the choice of crypto exchange completely relies on whether you want a large number of digital assets to trade, the lowest possible fees, or the most beginner-friendly user experience.
In summary, we found that eToro is the overall best crypto exchange in the USA – not least because the platform is fully regulated and it offers super low fees. Additionally, when using the eToro exchange, US clients can start investing from as little as $10 when buying cryptocurrencies.
Now you know the most important metrics to consider before choosing an exchange. If you're planning to start cryptocurrency trading or investing in the USA, then these would be the best crypto exchanges to choose from for 2022.
Disclaimer: The information provided in this article is solely the author's opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.