The 7 Best Crypto Exchanges for US Residents

Crypto.com is one of the best places to earn interest on crypto and grow portfolios with minimal effort. It offers up to 1.5% per annum on Bitcoin, Ethereum (2%), https://www.tokenexus.com/what-is-a-dex-and-how-does-it-work/ and 4.5% on stablecoins such as USDC. Over 20 cryptocurrencies are available to earn crypto interest, with rewards paid weekly directly into the user’s wallet.

Depending on the card tier you get, you can also earn crypto cashback rewards on your spending (the cashback rewards are paid with the CRO token). However, the exchange has since updated its policies in line with crypto industry standards and you’ll need to complete a KYC (know your customer) process if you want to trade on KuCoin. You also need to keep in mind that you can’t fund your KuCoin account with a GBP deposit. When Best Crypto Exchange for USA it comes to OKX, we have to highlight the exchange’s Web3 Wallet, which helps users manage and track their portfolios on a variety of blockchain platforms. If you’re someone who often engages with DEXes, DeFi protocols and NFT marketplaces, OKX might just be the right choice for you. Risk Disclaimer – The users are advised to invest the amount of money they can afford to lose, as cryptocurrencies are subject to market risk.

What are the best crypto exchanges in the world?

While U.S. users can access and use the trading platform, KuCoin is not licensed in the U.S. Another heavy hitter when it comes to the sheer amount of coins available, KuCoin  provides access to a wide library of altcoins at low fees. However, the USA has strict regulations regarding leverage trading, therefore it is usually not available to US citizens.

Cash App only buys and sells bitcoin, but it’s the only payment service that lets users withdraw crypto to their own private wallets. Generally, Cash App will charge lower fees than most crypto exchanges for smaller trades, yet higher percentage fees for larger trades. Straightforward and simple, Coinbase provides an intuitive and streamlined experience that makes it easy to buy, sell, trade and send bitcoin, ether and a variety of other cryptocurrencies. We think the platform’s ease of use and simplicity are worth the higher fees, only if you plan to make infrequent and relatively modest transactions. Mobile app users can buy, sell, trade, and earn interest on their crypto, as well as pay with crypto.

How to withdraw money Out of Coinbase?

In its rawest and most decentralized form, cryptocurrency is relatively unfriendly to obtain and use. Crypto exchanges make it fairly simple to trade all sorts of crypto tokens and coins. While BitMart has a lot to offer for experienced crypto traders, the exchange has received some poor customer feedback over the years.

Users should feel that their crypto is secure on their trade platform, so security breach prevention measures and safe account management methods are essential elements. We looked at each platform’s history of keeping their users’ funds and information safe and considered whether they offer insurance to users in case they lose their money due to a mistake on their part. In the context of cryptocurrency, liquidity refers to how easily a coin can be converted into cash or other coins.

OKX – Best for International Traders

This relatively high fee structure is offset by the exchange’s robust security measures, clean, intuitive interface, and seamless user experience. Gemini is praised for its clear and straightforward navigation, making it an excellent choice for newcomers to the crypto space. Gemini is a fully regulated US-based cryptocurrency exchange that was founded by the Winklevoss twins. It offers a robust selection of cryptocurrencies, encompassing Bitcoin, Ethereum, and a variety of other altcoins. Its strict regulatory compliance has attracted a large user base, particularly among those prioritizing security and regulatory oversight.

Then, do your own calculations to determine which exchange actually has the lowest fees. If you’re an advanced crypto trader, you may want to make sure your preferred exchange offers the trading types—like limit orders, which can prevent slippage by setting a hard price—and margin you want. Remember trade types involving the latter are still evolving in the U.S., so different exchanges’ offerings may vary over time.