In recent years, cryptocurrencies became increasingly popular – and exchanges are trying to keep up with it. But before you go ahead and invest in cryptocurrencies, you’ll have to find out which crypto exchange suits you the best. If you’re based in the United States, here are some of them you should consider:
Crypto Exchanges in the USA – 4 Brand names you probably heard of
Coinbase is headquartered in San Francisco, and it has grown to become the largest crypto exchanges in USA and the world. The platform is beginner-friendly and you will find it easy and fast to buy bitcoins, ethereum, litecoin, and many other coins. When you create an account, Coinbase gives you a free 10$ sign-up bonus. Through Coinbase, you can buy cryptocurrencies with a credit card, bank transfer, SEPA transfer, debit card, and more. Just keep in mind that purchases made through bank transfer can take up to 5 days to complete.
Bittrex is one of the world’s largest cryptocurrency exchanges, based in Seattle. It’s a secure platform (up until this point, has been free of any reported hacks) with fast deposits and withdrawals. According to its website, Bittrex trading fees are 0.25% on all trades. The majority of Bittrex’s coins are kept in cold storage, and since recently you can use fiat funding.
Poloniex offers buying/selling options for over 70 coins, plus listings for dozens of cryptocurrencies. The platform is registered with the Financial Crimes Enforcement Network (FinCEN) and has some of the lowest transaction fees, 0.20%, among crypto trading platforms. Also, if you want to trade through Poloniex, keep in mind that you can’t deposit using fiat currency. The only deposit method that the company is accepting are cryptocurrencies, which can be inconvenient for new traders.
Kraken was founded in 2011 and is headquartered in San Francisco. The platform offers you to trade between bitcoins and euros, US Dollars, Canadian Dollars, British Pounds and Japanese Yen. Kraken has low transaction fees and minimal deposit fees, but on the other hand, it has limited payment methods, and it’s not the best choice for beginners. The company allows payment and withdrawals via, USD, EUR, GBP, JPY, and CAD, whereas fiat currency payments are conducted through Bank Transfer.
Which exchange should you choose?
This list of crypto exchanges in USA, consist of the bigger brand names of the industry. It’s totally up to you which one you choose. Each user has its own unique needs, so there is no one size that fits all. If you’re just starting with crypto trading, maybe you should focus on beginner-friendly, easy to navigate platforms.
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