Top 5 Crypto Trading Platforms in the US
The following cryptocurrency investing platforms have been ranked after comparing their respective features, assets, pricing, security, regulation and much more. Refer to the below for a detailed list of the five Best Crypto Exchanges in the USA.
1. Uphold - Best Overall Crypto Exchange in USA
Uphold is a digital-asset exchange that offers over 250 cryptocurrencies to buy, sell and stake with zero fees and tight spreads. It is based in San Francisco, and is registered, regulated and licensed by FinCEN. It has a great reputation in the industry and is considered the most trustworthy platform in the USA as it provides proof-of-reserves that shows customer funds are backed 1:1.
We prefer this platform over traditional exchanges like Coinbase, because they charge significantly lower fees. For example, if users were to invest in digital assets on Coinbase, they can expect to pay up to 2.49% to deposit and trade. Uphold on the other hand charges zero fees and tight spreads, making them a much more cost-effective way to invest in the asset class.
- Fees: Free ACH deposits and zero commissions on trades. Spreads are variable and average around 0.5%.
- Supported Assets: 250 cryptocurrencies to buy and stake.
- Regulation & Licensing: Regulated and Licensed in the USA by FinCEN.
- Customer Support Options: 24/7 support via live chat and email.
- USD Deposit Methods: Wire Transfer, Credit/Debit Card, ACH, Google Pay & Apple Pay.
If you would like to learn more about this exchange, visit our Uphold Review.
2. eToro - Best Multi-Asset Exchange
eToro is a multi-asset investing platform that allows users to trade six assets classes, including crypto, stocks, commodities, currencies, indices and ETFs. It is considered a 'social-trading platform' and offers unique features such as Copy Trading, which allows you to mimic the trades of successful investors and a 'Virtual Account', where users can make paper trades with virtual money up to $100K.
- Fees: Deposits & withdrawals are completely free and crypto trades are subject to a 1% flat fee.
- Supported Assets: 92 cryptocurrencies, 3000+ stocks, 18 indices, 27 commodities, 49 fiat currencies and 300 ETFs.
- Regulation & Licensing: Regulated & Licensed by the FINRA.
- Customer Support Options: 24/7 support via live chat, email & online ticketing system.
- USD Deposit Methods: Bank Transfer, Credit/Debit Card, PayPal & ACH.
If you would like to learn more about this exchange, visit our eToro Review.
3. Bybit - Best Crypto Derivatives Exchange
Bybit is a Non-KYC cryptocurrency exchange based in Singapore but is offers services to residents in 180 countries. It supports derivatives trading of 400+ coins with up to 100x leverage. One of Bybits biggest advantages is that it doesn't require KYC to sign up, which means you can get started with an email address and password without needing to verify your identity or home address.
- Fees: Deposits and withdrawals are free and there are 0.1% fees on spot markets and the maker/taker rebate is 0.01%/0.06%.
- Supported Assets: 400+ cryptocurrencies.
- Regulation & Licensing: Not regulated by any government authority (hence no KYC requirements).
- Customer Support Options: 24/7 support via live chat, email, ticketing system & phone.
- USD Deposit Methods: Wise, Credit Card, Debit Card, SEPA, Paysera, Bank Transfer, Revolut, iDEAL, Maestro & Google Pay.
If you would like to learn more about this exchange, visit our Bybit Review.
4. Binance.US - Best Global Crypto Exchange
Binance.US is the largest cryptocurrency exchange in the world with over 120 million registered users. The platform offers users a wide variety of trading types, including spot, margin, derivatives, options and futures markets. In addition to trading, Binance also offers a variety of crypto staking options, as well as borrowing and lending services that provide high APYs (yields).
- Fees: Deposit & withdrawal fees vary depending on your method and are between 0.5% - 1.8%. Spot trading is 0.1% and the derivatives maker/taker rebate is 0.02%/0.04%.
- Supported Assets: 130+ cryptocurrencies.
- Regulation & Licensing: Regulated by the FinCEN.
- Customer Support Options: 24/7 support via live chat, email & online ticketing system.
- USD Deposit Methods: SWIFT Transfers, Credit Card, Debit Card, Banxa & Simplex.
If you would like to learn more about this exchange, visit our Binance Review.
5. Coinbase - Best US-Based Crypto Exchange
Coinbase is one of the most popular crypto exchanges for US residents as it's based in the United States. It offers useful features like a free crypto trading demo account so you can practice before taking on real market risk and a crypto card, where you can spend your tokens on real life purchases. It also supports several popular cryptocurrencies such as Bitcoin, Ethereum, Solana, and 100 more.
- Fees: 2% fees to deposit and withdraw on Coinbase. 1.49% fee to trade assets.
- Supported Assets: 100+ cryptocurrencies.
- Regulation & Licensing: Licensed and Regulated by the FinCEN.
- Customer Support Options: 24/7 support via live chat and email
- USD Deposit Methods: Bank Transfer and Debit Card or Credit Card.
If you would like to learn more about this exchange, visit our Coinbase Review.
Is Buying Crypto Legal in the USA?
es, buying cryptocurrency is legal in the United States. However, there may be certain regulations and laws that vary by state and the use of the cryptocurrency. It is important to research and comply with any applicable laws and regulations before making a purchase. Additionally, taxes may apply to any cryptocurrency transactions.
The regulation of cryptocurrency in the United States is currently handled by a combination of federal and state agencies, including the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and FinCEN. These agencies have jurisdiction over different aspects of the cryptocurrency market, such as securities laws and money transmission regulations.
Which Crypto Exchange is the Safest?
Uphold is considered to be one of the safest cryptocurrency exchanges. This is because it is regulated by FinCEN, a government agency that works to prevent money laundering and other financial crimes. Additionally, Uphold is one of the only platforms that has real-time audited proof-of-reserves, which means that customer funds are always held 1:1, and can be verified at any time. This level of transparency and security gives Uphold a reputation for being a safe and reliable platform for buying and selling cryptocurrency.
The Bottom Line
Buying cryptocurrency is legal in the United States and there are a number of safe, secure exchanges to choose from. Uphold is one of the most trusted and reliable options, as it is regulated by the government agency FinCEN and has real-time audited proof-of-reserves.
Whether you are looking for a spot exchange, leverage trading platform, staking options, or a crypto card to spend your tokens on real life purchases, there is an exchange that can meet your needs. We recommend researching the available exchanges and finding one that best fits your individual trading needs.
