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Best Crypto Exchange USA 2024

Picture of Luis Clark
Luis Clark
Luis is a personal finance expert who has been passionate and writing about crypto for more than five years.
4.2/5

Best for Simplified Trading

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3.5/5

Best for Buying and Selling NFTs

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3.9/5

Webull - Best for Low Fees

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4.2/5

Best for Fractional Crypto Trading

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4/5

Best for Technical Traders

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3.6/5

Best for Automated Trading

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4/5

Best for Recurring Orders

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4.8/5

Best for Low Trading Fees

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3.6/5

Best for Advanced Trading and Tools

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Besides learning about Bitcoin, choosing a cryptocurrency exchange is often the next step for new investors interested in exploring cryptocurrencies. Over the years, the crypto industry has evolved, and investors can now choose from numerous crypto exchanges.

Some of the best cryptocurrency exchanges have a bigger reputation, others have a longer track record, while the coin selection and trading features are the yardsticks some investors consider. Whatever the case, we’ve curated a well-researched list of the best crypto exchange US and online brokers where Americans can easily buy and sell Bitcoin and other digital assets. These platforms are easy to use, have competitive trading fees, and employ strong security measures.

Best Crypto exchange USA: Our Opinion

Coinbase is our top option for the best crypto exchange in USA, because of its large crypto library and as easy-to-use crypto exchange it is suited for both beginners and advanced users.

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    Coinbase - Best for Simplified Trading

    best crypto exchange usa

    Getting started on Coinbase is straightforward. Users can easily sign up on the platform with their name and email address. The know-your-customer (KYC) process is also simplified for US customers, who only need to provide a valid government-issued identity document to access the platform’s full features. In other words, crypto beginners can easily register and start trading on Coinbase.

    To cater to advanced traders who prefer margin trading, futures, and derivatives, Coinbase has the Coinbase Pro platform. Unlike the original Coinbase for beginners, Coinbase Pro requires a deeper knowledge and experience of crypto trading.

    Coinbase has numerous standout features, including the Coinbase mobile app, Coinbase Card, Coinbase Wallet, and Coinbase NFT Marketplace. These features cater to the exchange’s diverse customer base interested in investing in a wide range of assets and easily spending their cryptocurrencies.

    The trading fee on Coinbase is a flat 1% fee on all transactions. Automated Clearing House network (ACH) deposits are free, but deposits via wire transfers attract a $10 fee per transaction. Withdrawal fees also apply when traders take out crypto from their Coinbase account. However, these fees vary depending on the coin withdrawn.

    Coinbase is a secure crypto exchange. The exchange uses SSL encryption technology to protect users’ data and 2-factor authentication (2FA) as an extra layer of protection for customers to safeguard their accounts from third-party break-ins and theft. Funds held in Coinbase are also insured by the Federal Deposit Insurance Corporation (FDIC) up to a maximum of $250,000 to guarantee refunds in the unlikely case that hackers break into Coinbase and steal users’ funds.

    Pros

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    Crypto.com - Best for Buying and Selling NFTs

    Crypto.com-usa-Home-Page

    Crypto.com also ranks among the best crypto exchanges in the US because of its simplified yet secure crypto trading platform, crypto payments, and diverse product offerings, including the Crypto.com card and a global NFT marketplace.

    The Singaporean exchange was founded in 2016 by a team of experts who aimed to accelerate the world’s adoption of cryptocurrencies. Today, Crypto.com is a household name in the crypto industry, with over 70 million customers worldwide.  

    On Crypto.com, traders can buy, sell, and exchange 250+ cryptocurrency options using USD deposits from cards or bank transfers. However, credit card transactions attract a 2.99% fee, while there’s a 1% fee for debit card transactions.

    Crypto.com is our pick as the best exchange for NFTs because the platform makes buying and selling NFTs easy for traders. Traders can purchase NFTs on Crypto.com using a browser extension wallet and pay using the Crypto.com Pay feature.

    Additionally, the Crypto.com ‘Earn’ feature allows traders to earn interest from their staked crypto assets. To generate profit, users can choose to lock a particular amount of supported crypto assets, including the platform’s native Cronos (CRO) token, for a while and earn up to 14.5% interest per annum.

    Crypto.com uses a maker-taker fee model. The maker fee ranges from 0% to 0.075%, while the taker fee ranges from 0.05% to 0.075%. However, customers who stake CRO get discounted trading fees, depending on their stake amount. The exchange charges no deposit fees, but withdrawal fees apply, depending on the coin chosen for withdrawal.

    Several security features make Crypto.com a trusted cryptocurrency exchange. The enterprise stores 100% of users’ crypto assets in cold storage to prevent hacking. A multi-factor authentication (MFA) model is also in place to further secure users, along with a $750 million insurance policy that covers third-party theft.

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    Webull - Best for Low Fees

    webull review homepage

    Webull is another option on our list of the best crypto exchanges in the US because of its wide range of services, including trading stocks and exchange-traded funds (ETFs), options, and more, for free. The Chinese-owned company has its headquarters in New York and started operations in 2017.

    One of Webull’s standout features is its app. When the app was launched in 2018, it was geared toward young traders who wanted a platform to get started with crypto trading and other financial investments without hassles. Coupled with the platform’s free range of services, Webull has experienced tremendous growth within its short existence.

    According to Wikipedia, the online broker is home to over 11 million customers with access to 44 cryptocurrencies, including Bitcoin, Dogecoin, Litecoin, Ethereum, and more. However, this is limited compared to other popular cryptocurrency exchanges like Coinbase. Additionally, Webull crypto trading and custody services are offered through a third-party platform called Apex Crypto.

    Getting started on Webull is straightforward, making the platform ideal for crypto beginners who will fancy the Webull website’s smooth user interface. Mobile-first investors and millennials will also enjoy trading on the Webull app. Interestingly, advanced and active traders will also find Webull appealing because of its in-depth charting tools, technical indicators, market data, customization, and more.

    Webull is a great option for investors who want to trade with little to no trading fees. However, the exchange makes money through a 100-basis point spread system, which is equivalent to 1% of every purchase. The exchange has no minimum deposit, so users can buy Bitcoin fractions as low as $1 after completing the registration and verification process. However, network fees may apply to transactions.

    Trading stocks and crypto on Webull is free. The commission-free trading makes it a suitable exchange for traders with high trading volume whose transactions would otherwise incur accumulated charges.

    Regarding security, Webull is registered as a financial entity and regulated by the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC). The exchange is also registered with the Securities Investor Protection Corporation (SIPC). The SIPC protects the securities of its members’ customers with up to $500,000 to refund them in case of loss of cash and securities.

    We summarised all the Webull key features, but we also made an in-depth Webull Review page that you can check out.

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    Robinhood Crypto - Best for Fractional Crypto Trading

    robinhood review usa

    Robinhood Crypto is another crypto exchange that appeals to customers looking to cut costs. The online broker provides free trading services for stocks, options, ETFs, and cryptocurrencies. Though Robinhood started as an innovative broker looking to transform the brokerage industry in 2013, its Robinhood Crypto arm has become a popular crypto platform for beginners looking for a simple crypto exchange account.

    Users have access to 19 cryptocurrencies, including Bitcoin and Ethereum, that they can buy and sell using USD fiat currency, and the platform provides real-time market data for 50+ other coins. At the same time, new investors can get started on the platform with as low as $1. Robinhood’s no-fee and no-minimum trading features make it easy for beginners to invest in and trade fractional crypto options they might otherwise be unable to afford. However, Robinhood Crypto is available in every US state and the District of Columbia, except for Hawaii and Nevada.

    Robinhood has a user-friendly website and app for easy trading and accessibility. The Robinhood app also supports market, limit, and stop orders. However, while users can easily trade stocks, ETFs, and cryptocurrencies on Robinhood, the platform lacks more sophisticated financial tools and capabilities advanced traders look for in an exchange.

    For instance, the exchange’s charting capability is basic, and there are reports of some limitations in order types. These limitations and challenges for advanced traders on Robinhood can drive them to seek alternative options that better align with their trading goals.

    Robinhood Crypto’s security features are in line with the measures of other major cryptocurrency exchanges. The exchange encourages 2FA, allows biometric scans and login, and Robinhood is a member of SIPC, which protects its members up to $500,000. However, the exchange has recorded security breaches, the most recent being in 2021.

    We summarised all the Robinhood key features, but we also made an in-depth Robinhood Crypto Review page that you can check out.

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    TradeStation - Best for Technical Traders

    tradestation crypto review

    TradeStation is another top pick for active traders looking for a powerful crypto trading platform and brokerage in one place. The company was founded in 1982, making it one of the oldest platforms in the online brokerage space.

    Initially, TradeStation was established as an options trading analytics platform that enables traders to explore complex options trading strategies. Today, the platform offers no-commission trading of stocks, options, futures, ETFs, and cryptocurrencies. However, cryptocurrency options are limited to just 11:

    • BTC
    • BCH
    • ETH
    • LTC
    • AAVE
    • COMP
    • LINK
    • MATIC
    • MKR
    • SHIB
    • USDC

    TradeStation’s robust platform is one of the exchange’s key features. The platform is equipped with high-quality market data and fast trade executions, making it one of the best crypto exchanges among active traders. However, the platform is considered more suitable for seasoned traders, as beginners need a learning curve to grasp TradeStation and its features fully.

    To make the learning process easier, TradeStation makes its offerings more attractive to novice and intermediate-level traders who want to improve their skills. There are comprehensive research and educational materials for these user categories to get more proficient using the platform. A community of traders and customer support is also available to help traders if they get stuck while using the exchange.

    Though TradeStation is commission-free, trading fees apply for cryptocurrencies. The platform uses a tiered maker-taker fee model based on users’ trading volume. The fees range from $2 + 0.25% to 0.35% for makers and $2 + 0.11% to 0.60% for takers, depending on users’ trading volume. There are also crypto withdrawal fees that vary depending on the coin being withdrawn.

    Like other popular crypto exchange platforms, TradeStation employs 2FA via Google Authentication and SMS. There’s also the biometric login feature for mobile users. TradeStation also carries excess SIPC insurance provided by Lloyd’s of London of up to $300 million to pay customers in addition to funds returned in a liquidation.

    We summarised all the TradeStation key features, but we also made an in-depth TradeStation Review page that you can check out.

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    Sofi Invest - Best for Automated Trading

    sofi invest homepage

    SoFi Invest is a regulated stockbroker in the US. The company was founded in 2011 for lending and investment purposes, including student loan refinancing, credit cards, and mortgages. However, for US investors, SoFi now offers a full crypto exchange platform with various markets, including stocks, ETFs, cryptocurrencies, and other digital assets.

    SoFi Crypto—the crypto trading arm of SoFi Invest—was launched in 2019, and here, traders have access to 30 crypto assets, including Bitcoin, Ethereum, and Litecoin.

    SoFi has a simple user interface to give beginners the best experience. Opening an account is seamless, fully digital, and fast. Beginner investors seeking an easy-to-use mobile app will find the exchange ideal for their needs. They can also leverage the platform’s automated and active investing feature to trade diverse assets. In addition, SoFi is a good choice for investors who want to keep all their finances in one place, as the company offers a wide range of other financial services.

    However, investors who want to trade anything besides stocks, ETFs, crypto, and basic long options positions, like mutual funds and futures, may not consider SoFi the right brokerage. Advanced traders looking for a robust platform may also opt for other exchanges that align with their goals.

    Cryptocurrency trading on SoFi has a 1.25% markup for buying and selling Bitcoin and other assets. However, SoFi says this fee is subject to change at any time.

    SoFi has 2FA on desktop and mobile platforms to protect its customers. App users can also access their accounts using biometrics like face and fingerprint. SoFi is also SIPC-insured, meaning there’s coverage up to $500,000 and $250,000 for cash as an additional security measure.

    We summarised all the SoFi Invest e key features, but we also made an in-depth SoFi Invest Review page that you can check out.

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    Uphold - Best for Recurring Orders

    uphold homepage

    Uphold is a multi-asset trading platform that offers US investors a crypto exchange, a forex trading platform, and an online brokerage in one place. Uphold was launched in 2015 to offer digital assets to a global market. Today, the exchange is available in over 180 countries, offering users a wide range of financial services.

    Many features make Uphold one of the best crypto exchanges in the US. Some of these include the platform’s unique trading experience offered via its app. Uphold offers a user-friendly trading experience, and customers can make trades via its desktop platform or mobile apps, available on Android or iOS.

    The user interface is intuitive for those new to making trades, which could make it a good option for those just getting started with crypto. There is also a cashback crypto debit card that allows users to convert and spend their crypto holdings in millions of stores worldwide.

    Uphold users can access 250+ cryptocurrencies, including Bitcoin, Cardano, and Ethereum. However, Uphold stands out from many crypto exchanges with its ability to trade and convert holdings within different asset classes, including fiat currency, precious metals, cryptocurrencies, and equities. Users can also automatically set up recurring purchases using Uphold’s AutoPilot feature, which uses dollar-cost averaging (DCA) to help mitigate volatility risks during trading in the crypto market.

    While Uphold doesn’t charge trading commissions, cryptocurrency purchases and sales on the platform come with buy-sell spreads. These spread fees are relatively high and can range from 0.8% to 1.2% for popular cryptocurrencies, depending on the coin being transacted. However, the crypto exchange fees can go beyond this range for lower liquidity cryptocurrencies and other assets. Uphold also states that spreads may increase during times of high market volatility.

    There are no withdrawal or deposit fees for personal accounts on Uphold. But network fees might apply when withdrawing crypto to an external wallet.

    Uphold offers industry-standard security measures, including KYC verification and 2FA. Users’ funds are also stored in offline cold storage. In addition, Uphold has a bug bounty program offered through a third-party security company, Intigriti. This program allows Uphold users to report bugs they encounter when using the platform.

    We summarised all the Uphold key features, but we also made an in-depth Uphold Review page that you can check out.

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    Binance.US - Best for Low Trading Fees

    binance.us-review

    Binance is one of the most popular and widely-used cryptocurrency exchanges worldwide. And Binance.US is the dedicated US-only version of the global Binance exchange. The Binance.US platform was launched to comply with unique US regulatory requirements for cryptocurrency exchanges, and the company is based in San Francisco.

    Changpeng Zhao founded Binance in 2017. But the Binance.US platform went live in 2019. Today, Binance is one of the biggest crypto exchanges in the USA and one of the global leaders in the crypto exchange. However, only 46 US states have access to Binance, as Hawaii, New York, Texas, and Vermont, are restricted from accessing the company’s services.

    Unlike the global Binance exchange, Binance.US is limited in cryptocurrency offerings. The platform offers users access to 130+ crypto coins, which is reasonably lower than the 350+ coins available on the parent Binance crypto exchange. However, the coin offering on Binance.US is still enough for investors looking to trade in the North American nation.

    A standout feature of Binance.US is crypto staking, which allows users to lock up and hold 19 different cryptos, including Ethereum, Cardano, Polkadot, and Polygon, for interest rates of up to 12.5% per annum.

    Binance.US offers free Bitcoin and Ethereum trading. However, other trades attract maker-taker fees ranging from 0% to 0.30% for makers and 0.0375% to 0.45% for takers—depending on their verification levels. But BNB holders get 25% off these trading fees.

    A major downside to Binance is its complicated trading platform. Binance.US offers a rich blend of advanced trading features like margin and futures trading, helpful trading charts, multiple orders, and technical analysis tools. As a result, the platform is best suited for advanced investors who need no learning curve to get started on the platform.

    Binance.US rates highly in terms of security. In October 2022, a crypto exchange security review conducted by CER ranked Binance.US as one of the most secure exchanges, ahead of big names like Coinbase and Gemini. However, while Binance.US hasn’t faced any security issues, its parent company, Binance Holdings, was hacked in 2019—with crypto worth $40 million stolen.

    We summarised all the Binance US key features, but we also made an in-depth Binance.us Review page that you can check out.

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    BitMart - Best for Advanced Trading and Tools

    bitmart crypto homepage

    Founded by Sheldon Xia in 2017, BitMart is an exchange that has made a name for itself among the top-tier crypto exchanges for buying, selling, and exchanging cryptocurrencies, fiat currencies, and digital assets.

    According to CoinMarketCap, BitMart is one of the top ten exchanges today, with customers across 180 countries, including the United States. In 2018, BitMart launched the BitMart Token (BMX), one of the exchange’s top features. The token offers holders trading discounts and other benefits like BitMart Savings with up to 50% annual percentage yield (APY). The exchange has added numerous new features over the years, including decentralized finance (DeFi) lending and borrowing, crypto staking, savings products, and derivatives trading.

    Bitmart supports the trading and exchange of over 1,000 digital currencies and tokens. Some of the most popular digital assets on the exchange are Bitcoin, Ethereum, Solana, Avalanche, and Binance Coin.

    In terms of trading experience, BitMart is built for both beginners and seasoned crypto investors. Beginners can use the platform’s instant Buy & Sell feature on the web-based platform and BitMart app to trade Bitcoin and other digital currencies. This can be done using various payment methods like credit/debit cards, bank transfers, and e-wallets like Apple Pay and PayPal. Experienced crypto traders, on the other hand, will find all the advanced features required to make profitable trades, along with a long list of trading pairs.

    BitMart trading fees are tier-based, ranging from 0.06% to 0.25% for makers and 0.08% to 0.25% for takers—depending on customers’ levels. Deposits are free, but withdrawal fees apply, depending on the coin’s blockchain conditions.

    According to BitMart’s website, the exchange has an advanced risk control system, and it operates a hybrid of hot and cold wallet systems to secure users’ assets. However, the exchange was hacked in December 2021, leading to a loss of $196 million. BitMart has announced that it will reimburse all the customers affected by the hack, but a breach of this magnitude suggests that the exchange’s security measures could be improved.

    We summarised all the BitMart key features, but we also made an in-depth BitMart Review page that you can check out.

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    Best Crypto Exchanges USA Table Comparison

    ExchangeCrypto SupportPayment MethodsTrading Fees
    Coinbase200+Bank Account (ACH), Debit Card, PayPal Apple Pay, Google Pay, Bank Wire Transfer1% on all transactions
    Crypto.com250+Bank Account, Credit or Debit Card, Crypto.com Pay, External Wallets like MetaMaskMaker Fee - 0% to 0.075% / Taker Fee - 0.05% to 0.075%
    Webull44Wire transfer, Direct Deposits (ACH), Crypto100-basis point spread
    Robinhood Crypto19Debit Card, Bank Transfers, Instant Bank Deposits0%
    TradeStation11Check Deposit, Wire Transfer, Online Transfer via BankMaker - $2 + 0.25% to 0.35% / Taker - $2 + 0.11% to 0.60%
    SoFi Invest30Check, Wire, SoFi Money, Bank Account Transfer, Debit Card1.25%
    Uphold250+Google Pay, Apple Pay, Credit or Debit, Wire TransferSpreads from 0.8% to 1.2%
    Binance.US130+Debit Card, Apple Pay, Google Pay, Bank Account, Domestic WireFree Bitcoin and Ethereum trading | Other cryptocurrencies: Maker - 0% to 0.30% / Taker - 0.0375% to 0.45%
    Bitmart1000+Credit/Debit Card, Bank Transfer, PayPal, Apple Pay, MoonPay, Gift CardMaker - 0.06% to 0.25% / Taker - 0.08% to 0.25%

    What is a Crypto Exchange?

    A cryptocurrency exchange can be a digital currency trading business or decentralized exchange that allows customers to buy, sell, trade, and invest in cryptocurrencies and other digital assets. The exchange is an intermediary between a buyer and a seller (or maker and taker) and usually charges fees for their crypto transactions.

    Majorly there are three forms of crypto exchanges:

    • Centralized Exchanges (CEXs) are subjected to regulations in their operating jurisdictions. Examples of centralized exchanges are Binance and Coinbase.
    • Decentralized Exchanges (DEXs) are usually unregulated and require no KYC. Examples include UniSwap and PancakeSwap.
    • Hybrid Exchanges combine centralized order matching with the token storage of decentralized platforms. They are regulatory-compliant in their jurisdictions. Examples include Eidoo and Legolas.

    How to choose the right Exchange?

    With a plethora of crypto exchanges on the market, choosing the right exchange can be a daunting task. There are no perfect exchanges, but here are some things to look out for when choosing a crypto exchange.

    • Ease of use or accessibility to aid trading and investing for both beginners and expert crypto traders.
    • Supported cryptocurrencies to determine the possibility of investors having a diverse investment portfolio.
    • Trading fees to understand how profitable trades can be on the platform after fees are deducted.
    • Reliable customer support, providing users with the right tools and information when they get stuck or encounter challenges when using the exchange.
    • Trading features and tools charts, educational materials, staking, and technical analysis tools, to help novice and seasoned investors make profitable trades.
    • Security features to safeguard users’ data and funds from theft or malicious actors.

    Final Thoughts

    In this best cryptocurrency exchanges for USA review, we’ve highlighted the best and most secure crypto trading platforms where US investors can make secure and profitable investments. Coinbase is our overall best crypto exchange in the US because of its simplified trading and large crypto library.

    However, other cryptocurrency exchanges like Crypto.com and Binance.US are also reputable and offer a wide range of trading and investment opportunities for beginner and expert crypto investors.

    FAQ

    Most frequent questions and answers

    Coinbase and Binance US are considered secure for US investors. However, the Binance.US parent company has been hacked in the past.

    Unlike Robinhood and Coinbase, KuCoin is one of the cryptocurrency exchanges that doesn’t report to the Internal Revenue Service (IRS).

    Coinbase is the most accessible crypto exchange in the United States. The exchange has a simple user interface for easy trading.

    Binance isn’t available in the United States. However, the company has a dedicated platform called Binance.US for US customers can trade cryptocurrencies. 

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    Skrumble.com provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade, or sell any investment instruments or products, including but not limited to cryptocurrencies, or use any specific exchange. Please do not use this website as investment advice, financial advice, or legal advice, and each individual’s needs may vary from that of the author. Investing in financial instruments, including cryptocurrencies, carries a high risk and is not suitable for all investors. It is possible to lose the entire initial investment, so do not invest what you cannot afford to lose. We strongly advise conducting your own research before making any investment decisions. This post includes affiliate links with our partners who may compensate us.

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