Best Crypto Exchange USA For 2023 Revealed

Today, hundreds of crypto trading platforms have set up shop in America, which makes choosing the best crypto exchange in the USA overwhelming.

Over the years, top crypto exchanges in the USA have committed to making their platforms as user-friendly as possible. They have listed more cryptos and trading pairs, added more ways of buying cryptocurrencies and improved the safety and security of their platforms. And while all this is good and necessary, it also fuels indecision about the best crypto exchange.

To help you overcome these and identify the best crypto exchange USA, our analysts have reviewed all the top crypto trading platforms. Ultimately, they settled on these 10 exchanges - which they consider the best places to buy cryptocurrencies in the USA.

Read on to learn what makes them the best trading platforms and why you should register an account with one of them.

 

Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

 

In the next section, we will discuss each in detail telling you why it made it to this list and why you should consider buying cryptos there.

A Closer Look At The Best Crypto Exchanges USA In 2023

Our team of analysts used strict criteria when vetting the crypto– and identifying the best crypto exchanges in the US today.

Some of the factors that gave precedence include the number of coins supported on the exchange, supported payment options, number of crypto pairs, user-friendliness, crypto trading fees, security, customer service, interest, and rewards.

Let us go over each of these crypto exchanges, looking at what makes them a top exchange and why you should consider trading with them.

1. eToro - Overall Best Crypto Exchange in the US Today

eToro started off as a forex brokerage and only incorporate Bitcoin in 2013. But over the years, it has morphed into the overall best cryptocurrency in the US. It makes it here because of a variety of reasons, not least being its user-friendliness and affordability. It has a straightforward client onboarding process and a smooth crypto buying process.

To start buying cryptocurrencies on eToro.US, you only need to deposit a minimum of $10. Some of the supported deposit methods include debit cards, credit cards, bank deposits, ACH checks, PayPal, and Neteller. Note that eToro doesn’t charge a deposit processing fee for all of these payment options. 

eToro gives you access to 70+ cryptocurrencies - all of which can be traded against the USD. And the exchange is also actively working on expanding its crypto pair offering. When buying Bitcoin on eToro.US, you will be charged a 0.75% fixed fee, while all other cryptocurrencies attract a 1% fixed fee.

The exchange presents you with a crypto tracker tool that you can use to monitor the best and worst performing cryptos of the day. You could also buy just one cryptocurrency or use the eToro crypto portfolio to invest in an index of carefully selected crypto assets. These are divided into the eToro crypto portfolio for cryptos and altcoins, the DeFi coin portfolio for DeFi tokens, and a DAO coin portfolio.

You can also use the social and copy trading tools integrated here. Social trading lets you interact with and learn from one another. On the other hand, copy trading allows novice investors to copy the trade settings of the more experienced crypto investors. This lets beginners earn as they learn, while popular investors get 20% of the profits from their copied trades.

Other reasons why you might to register with eToro include its security seeing that it insures client deposits with the FDIC, stores client digital currencies in offline vaults, provides users with free wallets, and doesn’t share user data with third parties, and is regulated by the SEC and FINRA.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

2. BYDFi – Licensed Crypto Exchange To Try Out In The USA

Investing can be intimidating, especially when it comes to digital assets. With so much uncertainty and volatility, protecting your hard-earned money is essential. This is where the BYDFi exchange comes in. 

As a licensed and regulated platform, you can feel confident that your funds are safe. Unlike other platforms that may operate under shady circumstances, BYDFi puts transparency and authenticity first. 

Also, joining the BYDFi cryptocurrency exchange gives you access to a secure and reliable trading platform and allows you to earn extra cash through their referral program. 

With this program, you can refer your friends and acquaintances to the exchange and earn a commission every time they complete a transaction. 

It's a win-win situation for everyone involved. Your referral gets to experience the many benefits of BYDFi exchange, and you get a little financial boost for sharing your positive experience with others. 

BYDFI is also one of the best cryptocurrency exchanges in the US because it simplifies the trading process for beginners. It does this through its copy trading feature. 

This innovative platform allows novice traders to follow in the footsteps of more experienced traders, allowing them to learn while earning profits simultaneously. 

It's no wonder that the BYDFi exchange is fast becoming a popular choice among investors in the US. With copy trading, you don't have to be a financial superstar to make smart trades; you must follow the right people.

BYDFi exchange also offers instant deposits and withdrawals, setting it apart from many other platforms in the market. Rather than waiting for hours or even days for transactions to clear, BYDFi users can move funds in and out of their accounts in seconds. 

This convenience will appeal to traders and investors, making BYDFi an attractive option for those looking for a fast and efficient exchange experience.

The Key Features And Benefits of BYDFi Exchange 

• Regulated cryptocurrency broker
• Referral program
• Copy trading
• Instant deposits and withdrawals

Virtual currencies are highly volatile. Your capital is at risk.

3. Coinbase - Best Crypto Exchange for Beginners

Coinbase is the largest crypto exchange in the USA by trade volume and number of registered crypto traders. It is also one of the most active crypto exchanges in the US - averaging more than $2 Billion.

In early 2021, Coinbase also became the first crypto exchange to go public when it was listed with Nasdaq. All these have played a critical role in making Coinbase a household name in the US crypto circles and one of the most popular crypto exchanges nationally.

But many other factors have helped it become a top exchange in the country. First has to be its solid reputation and pro-regulation stance, making it appear safer than most other exchanges.

Launched in 2012, Coinbase is one of the oldest crypto exchanges and has only had a few security incidences. It is especially valued by most crypto investors because it provides them free digital wallets, stores 98% of their coins in offline vaults, and insures the 2% left in hot wallets.

Coinbase also ranks highly among the best crypto exchanges in the US because it operates one of the most beginner-friendly crypto trading platforms. It maintains a straightforward account opening process, lets investors buy crypto instantly, and has a highly navigable interface.

To start buying cryptocurrencies in Coinbase US, you only need to deposit a minimum of $2. The multi-platform exchange also presents you with the widest range of cryptocurrencies and trading pairs, integrates educational content, and supports virtually all the most popular online payment options in the US.

Virtual currencies are highly volatile. Your capital is at risk.

4. Changelly – Top Cryptocurrency Exchange USA With An Intuitive User Interface

In cryptocurrency, ease of use can make all the difference when selecting an exchange. Changelly stands out as one of the best crypto exchanges in the US market because of its simple and user-friendly design. 

No exceptional skill is needed to trade crypto on this platform - anyone can easily navigate the intuitive interface. In a complex and often daunting investment area, Changelly provides a welcome respite for those new to the game. No matter your level of expertise, Changelly makes it easy for all to enter the world of crypto trading.

Regarding cryptocurrency exchanges, security should always be a top priority. Fortunately, Changelly has you covered. 

As a non-custodial exchange, you can rest easy knowing that your coins will never be held in a centralized account. This means there is no risk of losing your assets due to a potential security breach. 

As a cryptocurrency enthusiast, having a wide range of options is always a big plus. Changelly understands this and offers its users an impressive selection of cryptocurrencies. 

From popular Bitcoin and Ethereum to lesser-known ones like ZCash and Nano, Changelly caters to everyone's needs. This variety is beneficial as it allows you to take advantage of the various movements in the volatile crypto market. 

Investors always want the best prices in the market, and Changelly delivers just that. With a reputation as one of the most liquid crypto exchanges, traders can be sure they are getting the fairest deals when working with Changelly. What does this mean for the average investor?

It means they can confidently enter and exit positions without worrying about missing out on potential profits due to unfavorable prices. 

Simply put, Changelly puts the power back into the hands of traders, giving them the freedom to pursue their investment goals without unnecessary headaches or uncertainties.

The Key Features And Benefits Of Changelly

• Easy-to-use interface
• Security since it is a non-custodial exchange 
• Lots of cryptocurrencies listed
• High liquidity

5. Binance - Best Crypto Exchange for Low Transaction fees

Binance started global operations in 2017 and only launched in the US in late 2019 with the establishment of Binance.US. But in the less than three years that it has been around, it has become one of the most popular and best crypto exchanges in the US. It is even threatening to overthrow more established crypto exchanges like eToro and Coinbase for the position of top exchange in the country.

Recently, Binance.US overtook Coinbase as the crypto exchange with most Bitcoins and is edging closer to having the highest average daily trade volumes. The multi-platform exchange’s popularity can be attributed to a host of reasons, chief among them being cost friendliness and user-friendliness.

For starters, it blows the competition out of the water with its incredibly low crypto trading fees - starting from 0% for BTC pairs and below 0.1% for the rest of the cryptos. Deposit processing is free and the exchange does not maintain hidden charges. Additionally, the exchange makes it possible for anyone to buy cryptocurrencies instantly.

Its user-friendly is evidenced by its appeal to both novice and expert crypto investors. In addition to allowing for instant crypto purchases, Binance.US draws in novice traders with an easily navigable interface and a host of educational content.

It then draws in professionals with a wide range of crypto assets and trading pairs, integration of a variety of advanced trading and risk management tools, ultra-fast transaction processing speeds, deep liquidity, and a professional trading interface.

Other factors that make Binance.US a top crypto exchange in the US, and why you too should consider registering with the platform, include the fact that it doesn’t have a minimum deposit limit. It also lets you earn passively through crypto staking and even integrates an NFT marketplace. Not forgetting that it also supports many payment options and provides clients with free digital wallets.

Virtual currencies are highly volatile. Your capital is at risk.

6. Crypto.com - Best Exchange to Buy Crypto With Debit Cards

Crypto.com is one of the fastest-rising crypto trading platforms and one of the best crypto exchanges in the US. Though it started in 2016, it only premiered in the US market in early 2022.

And over the past few months, Crypto.com US has engaged in aggressive marketing campaigns - including a splashy ad during the Super Bowl and even recruited the likes of LeBron James and Matt Damn. These have helped turn the crypto community's attention towards crypto exchange.

While the marketing campaign may have captured investor attention, a few key factors have helped it grow its user base. Crypto.com has one of the most user-friendly platforms and features one of the most professional trading interfaces. This is characterized by ultra-fast transaction processing speeds, support for a growing number of cryptocurrencies and trading pairs, and a smooth client onboarding process.

Another reason you should consider using Crypto.com as the best place to buy crypto is that it is a multi-platform exchange - available on the web and mobile app. It is also secure and provides you with a free digital wallet. Plus, it supports all the popular online payment options.

Virtual currencies are highly volatile. Your capital is at risk.

7. Gemini - Most User-Friendly Crypto Exchange

Gemini seeks to strike a balance between security and user-friendliness. Founded by the Winklevoss twins in 2015, Gemini has morphed into one of the most popular and deeply liquid crypto trading platforms. These are some of the reasons why we consider it one of the best crypto exchanges in the US.

Others include the fact that it is a multi-platform exchange available on the web and as an app. It also maintains a straightforward and quick client onboarding process and does not have a minimum deposit or buying limit. The exchange also runs promotions regularly and is currently offering a free $7 signup bonus to all new Gemini clients (marking its 7th anniversary).

You, too, should consider adding Gemini to your index of best crypto trading platforms US because of its appeal to novice traders and advanced research, trading, and risk management tools that draw in expert traders. The exchange is also fast in processing buy and sell orders, maintains a professional trading interface, and provides its clients with free digital wallet and crypto custody services.

Gemini also integrates an NFT marketplace where you can interact with all the popular NFT projects. It has also introduced a crypto staking program that supports all the popular cryptocurrencies while maintaining competitive annual interest rates of up to 8.05%.

Virtual currencies are highly volatile. Your capital is at risk.

8. Kraken - Safest Crypto Exchange in the US

Kraken started in 2011, which makes it one of the oldest large-cap crypto exchanges. But its biggest appeal to crypto investors is premised on the fact that Kraken has never been hacked. It is one of the safest crypto trading platforms today, which explains why we feature it on our list of best crypto exchanges in the US.

But this is far from being the only reason why Kraken is a top crypto exchange US. Others include its user-friendly trading interface that appeals to both beginner and expert traders. It draws in beginner traders with the buy crypto instantly feature and rich educational content.

On the other hand, experts are drawn in by Kraken’s wide range of supported cryptocurrencies, fast order transaction speeds, deep liquidity, pseudonymous trading option through the Kraken dark pool, and support for many payment options.

When buying crypto instantly on Kraken, you will pay a fixed fee of 0.9% for stablecoins and 1.5% for any other crypto. But when opening different crypto pairs, you get to pay a maker-taker fee of between 0.2% and 0% - based on your 30-day trade volume on the platform.

Kraken also integrates an NFT marketplace and a derivatives trading platform. This means that you will get to interact with the popular NFTs and even trade crypto futures and other margined products on the platform. Additionally, Kraken facilitates crypto staking and promises interest rates of up to 23% for staked cryptocurrencies.

Virtual currencies are highly volatile. Your capital is at risk.

9. Huobi - Top Crypto Exchange for Passive Income Generation

Huobi makes it to our list of best crypto exchanges in the USA because it lets you double your income from crypto investing. You get to earn capital gains when the value of your purchased crypto increases, and you also get to earn interest if you stake popular coins. Interest for staking cryptos like BTC starts from 6.5% APY, while that of stable coins like USDT starts from 2.88%.

We also rank it highly among the top crypto exchanges US because it supports a wide range of cryptocurrencies - as many as 400 altcoins and tokens. It supports all the popular payment options in the country and maintains a low deposit minimum - of $100.

You would like to trade on Huobi not just because of its user-friendliness but also because of its competitive trading fees. These start from 0.2%, but you get to enjoy discounts if you are a high-volume trader or hold the HUOBI token. Moreover, it is a multi-platform crypto exchange available on the web and the app, and it also provides its platform users with free and ultra-secure crypto storage services.

Virtual currencies are highly volatile. Your capital is at risk.

10. Bitstamp - Best Crypto Exchange for Active Traders

BitStamp isn’t just one of the best crypto exchanges in the US. It is also one of the oldest - having launched in 2011 - and one of the most respected crypto trading platforms. It, therefore, makes it to our list of the top crypto exchanges in the US because of its solid reputation and other factors as to user-friendliness and support for a wide range of crypto assets.

The trading platform is available on the web, and as a mobile app and lets you interact with 70+ cryptos that can be purchased with fiat or BTC. The crypto trading fees start from 0.5% but drop by half if you trade more than $10,000 monthly. Bitstamp supports the majority of popular online payment options in the US, and the minimum trade limit is $10 for fiat-denominated trades and 0.0002 BTC for Bitcoin-denominated crypto pairs.

Other features that would make you consider adding Bitstamp to your list of best crypto trading platforms in the US include its commitment to securing client deposits and integrating DeFi services. The exchange will provide you with a free crypto custody service, and allow for the staking of popular cryptocurrencies while paying highly competitive interest rates.

Virtual currencies are highly volatile. Your capital is at risk.

11. BlockFi - Best Exchange for Crypto Saving and Lending

BlockFi promises to be one of the most innovative digital currency trading platforms in the country by incorporating DeFi services into the exchange. For starters, BlockFi lets you earn interests of between 3% and 8.6% when you stake leading cryptocurrencies on the platform.

You can then borrow funds against your crypto portfolio and pay this amount back in flexible monthly installments and at competitive interest rates of up to 4.5%. These are the two primary reasons that convinced us to include BlockFi on our list of best crypto exchanges in the US today.

BlockFi also stands out in the crowded US crypto trading marketplace with its automated investing model. Here, the exchange allows you to set up recurring trades where you can buy crypto daily, weekly, or monthly.

Other factors that make BlockFi the best crypto trading platform in the US include its zero trading fees, no minimum deposit limits, support for a wide range of deposit options, and user-friendliness. BlockFi is also a multi-platform crypto exchange and provides users with free custodial and non-custodial crypto storage services.

Virtual currencies are highly volatile. Your capital is at risk.

How To Find The Best Cryptocurrency Exchanges In The USA

There are some key factors to consider before choosing any cryptocurrency exchange in the US. 

Regulation And Safety

Always ensure that the crypto exchanges offering services to USA users are regulated. Exchanges like eToro are both authorized and regulated, making them the best option for investors or traders. 

Security

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.  

Payments

Once your account is created and opened, funding is the next necessary step. Exchanges like Coinbase allow you to deposit funds with a USA 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. 

Commissions

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. 

How To Use The eToro Crypto Exchange In The USA?

Most of the best crypto exchanges we have discussed hereinabove have oversimplified the process of buying crypto on their platforms.

To help you understand how they work, we will be taking you through a step-by-step guide of how to buy cryptocurrencies in the all-popular crypto exchange.

Step 1: Register a crypto trader account

Open the official eToro.US website on your browser and tap on the “Join Now” button. Complete the user registration form that pops up here. The process is straightforward, takes no more than 10 minutes, and only captures your basic personal information.

Step 2: Verify identity

eToro is regulated by the SEC and FINRA, which demand that all its clients be subjected to KYC and AML checks. The exchange will, therefore, demand that you verify your identity before you can start trading. Simply upload your driver’s license or passport.

Note: You will receive an email notification informing you that your account has been approved.

Step 3: Deposit funds

Log in to your approved eToro.US account and click on the “Deposit Funds” tab on the user dashboard. A funding menu will pop up, indicating all the supported payment options. Choose a preferred method and follow the prompts to initiate the payment transfer.

Step 4: Identify cryptocurrencies to buy

On the eToro user dashboard, tap on the “Discover” tab and choose to trade “Cryptos.” The exchange will provide you with a list of all the supported cryptocurrencies. Choose one or a few cryptos that you would like to buy.

Step 5: Buy cryptocurrencies

Tap on the “BUY” icon against the cryptocurrency you wish to buy. A trading menu will pop up. Use it to customize the trade by indicating the amount of crypto you wish to buy and hitting the “Open Trade” button to initiate and execute the trade.

Note: The private keys for the just purchased cryptocurrencies will be delivered to the exchange-provided custodial wallet. You, however, are free to move them to a third-party online wallet/exchange, the non-custodial eToro mobile wallet app, or the hardware wallet.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

Conclusion - Best Crypto Exchanges USA

That is it. There goes the list of the 10 top crypto exchanges in the USA. They all play a crucial role in linking individual investors to the crypto markets. We have discussed them all, and not only did we tell you what makes them the best crypto trading platforms in the USA, but we also outlined a few reasons why you, too, should consider adding either to your index of best places to buy cryptocurrencies in the USA.

Overall, we liked eToro.US because of its user-friendliness, its growing list of top cryptocurrencies, adequate liquidity, and the fact that it integrates both social and copy trading tools.

eToro - The Best Crypto Exchange In The USA

Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.

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